ECONOMY
UK Member of Parliament pledges to resume direct flight connecting London-Kathmandu
UK Member of Parliament pledges to resume direct flight conn...
Gareth Thomas, small business minister of the UK, said their government will initiate resuming direct flights between the two countries.
Jan 15, 2025
ECONOMY
Capital expenditure dismal in the first half of current FY
Capital expenditure dismal in the first half of current FY
Revenue collection stands at 84 pc of the target
Jan 15, 2025
ECONOMY
NRB proposes allowing cooperatives take loans from banks through new rules
NRB proposes allowing cooperatives take loans from banks thr...
The NRB, in this regard, has prepared a draft of the guidelines, titled ‘Directives and Standards for Savings and Credit Cooperatives,’ and has called for public feedback by January-end.
Jan 15, 2025
ECONOMY
Financial institutions increase loan disbursement in Madhesh's industrial sector
Financial institutions increase loan disbursement in Madhesh...
Financial institutions have boosted loan investments in Madhesh Province's industrial sector. Nepal Rastra Bank reported that they disbursed loans totaling Rs 121.87 billion in the fiscal year 2023/24.
Jan 14, 2025
POLITICS
Foreign Minister Dr Rana talks to her Israeli counterpart for Bipin’s release
Foreign Minister Dr Rana talks to her Israeli counterpart fo...
Foreign Minister Dr Arzu Rana Deuba held a phone conversation with Israeli Foreign Minister Gideon Saar on Tuesday evening, urging him to prioritize the release of Nepali youth Bipin Joshi, who is currently under the control of Hamas.
Jan 14, 2025
SOCIETY
Tripadvisor ranks Kathmandu as second best destination in world for solo travel
Tripadvisor ranks Kathmandu as second best destination in wo...
Mani Lamichhane, director at the Nepal Tourism Board said that Kathmandu has been listed as the 27th best destination in the world and the 7th best cultural city. Lamichhane said that Tripadvisor ranking Nepal as the second best destination for solo travel is significant for the tourism sector.
Jan 14, 2025
ECONOMY
Govt fails to meet capital expenditure target, spending only 16.16% in first half of FY 20...
Govt fails to meet capital expenditure target, spending only...
As of now, the government has been able to spend 39.63 percent of the budget allocated for recurrent expenditure. For the current fiscal year, the government set a target to spend Rs 1.140 trillion more on recurrent expenditure.
Jan 14, 2025
ECONOMY
Star hotels recognized as industries, eligible for industry-like benefits
Star hotels recognized as industries, eligible for industry-...
This amendment, following recommendations from the law reform task force, brings hotels under the manufacturing industry, opening the door for industry-like benefits, including concessional rates and tax exemptions, particularly for electricity consumption.
Jan 14, 2025
SOCIETY
621 drunk driving accidents in five months of current FY, 47 dead
621 drunk driving accidents in five months of current FY, 47...
These accidents resulted in 47 fatalities and 807 injuries. The Kathmandu Valley recorded the highest number of such accidents, with 377 cases, leading to 16 deaths and 399 injuries.
Jan 14, 2025
SOCIETY
Democracy fighter Basnet passes away at 98
Democracy fighter Basnet passes away at 98
Basnet was an active member of a group that overthrew the Rana regime in the 2007 BS revolution. He served as a commander of the Nepali Congress’ Liberation Army, leading the fight for democracy in areas like Charikot.
Jan 14, 2025