POLITICS
UK envoy visits VP Yadav
UK envoy visits VP Yadav
Robert Dominic Russell Fenn, the Ambassador of the United Kingdom to Nepal, had a courtesy visit with Vice President Ram Prasad Sahay on Monday at the Vice President's Office in Lainchaur.
Apr 29, 2025
Market
US Dollar slides
US Dollar slides
Nepal Rastra Bank has fixed the foreign exchange rates for today. According to the new rates, the buying rate for one US dollar is Rs 135.76 and the selling rate is Rs 136.36, marking a depreciation from yesterday’s rate. On Monday, the buying rate for one US dollar stood at Rs 136.43 and the...
Apr 29, 2025
POLITICS
Talks with teachers' association positive
Talks with teachers' association positive
The talks between the government and the agitating teachers' association concluded on a positive note on Monday night.
Apr 29, 2025
POLITICS
Nepal Civil Aviation Authority Bill tabled in HoR
Nepal Civil Aviation Authority Bill tabled in HoR
The House of Representatives (HoR) unanimously passed the proposal tabled in the HoR seeking consideration to the Nepal Civil Aviation Authority Bill, 2081 BS in a meeting held on Monday.
Apr 29, 2025
SOCIETY
Parents' pressure forces reopening of community schools in Ilam
Parents' pressure forces reopening of community schools in I...
Community schools in Ilam that had been closed due to the teachers' protest have started reopening after pressure from parents. Some schools resumed classes from Sunday after parents voiced concern that the ongoing closure was putting students' future at risk.
Apr 29, 2025
ECONOMY
Bank CEOs’ salaries not linked to performance: Study
Bank CEOs’ salaries not linked to performance: Study
The study, released on the occasion of Nepal Rastra Bank’s (NRB) 70th anniversary, points out that linking CEO salaries to bank assets without considering risk factors has encouraged aggressive loan expansions. Analysts warn this approach could undermine the sector’s financial stability.
Apr 29, 2025
Editorial
Financing Infrastructure Development
Financing Infrastructure Development
The government has registered the Alternative Development Finance Mobilization Bill in parliament, which, when passed, will set the stage for a new autonomous agency – likely to be named Alternative Development Finance Mobilization Fund – with a budget of Rs 100 billion. The government w...
Apr 29, 2025
OPINION
Trump's New Tariff Proposal: A Challenge for SAARC Economies or a Strategic Tool?
Trump's New Tariff Proposal: A Challenge for SAARC Economies...
The economic effects of the tariff policy may be especially harsh for SAARC economies because the U.S. is an important export market for these countries.
SAARC nations may experience increased exchange rate fluctuations. This will likely happen due to macroeconomic instability. Currency depre...
Apr 29, 2025
ECONOMY
NRB makes hire purchase companies mandatory to finance only up to 60 percent on EVs
NRB makes hire purchase companies mandatory to finance only...
By amending the policy and procedural provisions on approval for hire and purchase companies on Monday, the central bank has asked the hire purchase companies also to reduce the loan to value ratio on the EVs to 60 percent from earlier 80 percent.
Apr 29, 2025
SOCIETY
Medical Education Commission recommends increasing quotas and living allowance for private...
Medical Education Commission recommends increasing quotas an...
The meeting accepted the recommendations submitted by an 11-member task force, which reviewed the seat numbers and fee structures for undergraduate MBBS and BDS programs, considering the demands of private medical colleges.
Apr 29, 2025