India’s renowned hospitality chain, Lemon Tree Hotels, has officially entered into an agreement to manage and operate the Hotel Queen […]
Development expenditure of the government is weak in the first five months of the current fiscal year 2025/26. The government spent only eight per cent capital expenditure till Dec 15. According to the statistics of the Financial Comptroller General Office (FCGO), capital expenditure was Rs 33.87 billion till Dec 15.…
The government has decided to allow Nepali and Indian citizens to carry old Indian INR 200 and INR 500 notes, demonetized on Nov 9, 2016, up to a limit of INR 25,000 per person, both into Nepal from India and from Nepal to India. The decision was taken at the…
Dr. Bisha Poudel, the Governor of Nepal Rastra Bank (NRB), has ordered a significant reshuffle of nearly a dozen Executive Directors (EDs), who function as departmental heads. The decision, involving the transfer of 10 EDs and the posting of one, is set to be implemented tomorrow. According to a letter…
A long-awaited solution to Kathmandu Valley's notorious traffic congestion at Koteshwor Chowk is set to materialize with the construction of a cut-and-cover tunnel and two flyovers. For this ambitious infrastructure project, the Japan International Cooperation Agency (JICA) will provide Nepal with a concessional loan of NPR 40 billion (approximately USD…
Amidst ongoing debates about the effectiveness of federalism and provincial structures, the Koshi Province government has announced remarkable progress over the past year. The provincial government claims significant achievements in infrastructure development, investment attraction, financial discipline, and improving citizen services, asserting that these initiatives have strengthened the provincial structure and…
The Nepal Chamber of Commerce (NCC) has organized a significant interaction program with private sector entrepreneurs and businesses in the presence of Damodar Bhandari, the Minister for Industry, Commerce and Supplies. The Chamber raised concerns about the ambiguities in Maximum Retail Price (MRP) implementation and the lack of adequate public…
Hindu devotees have begun the Chaturmas fast by planting Tulsi (holy basil) saplings in their homes today on the occasion of Harishayani Ekadashi, also known as Ashadh Shukla Ekadashi. The Chaturmas festival, observed for four months, also begins from this day. To mark this sacred occasion, people have been taking…
HUMLA: Prime Minister (PM) KP Sharma Oli is visiting Humla today to inaugurate a key bridge under the Karnali Corridor. According to his secretariat, Prime Minister Oli will inaugurate the newly constructed Bailey bridge over the Chwakhola River in Kharpunath Rural Municipality-5. The bridge is part of the strategic Karnali…
One person has been injured in the explosion in the furnace in the side of Jagdumba Stills. According to the DSP BedPrakash Joshi of the Area Police Office SIMR, Joshi has confirmed that some workers were injured in the incident. He said that the event is collective details and informed…
Nepal Rastra Bank has published the official foreign exchange rates for today (Thursday). According to the central bank, the value of some foreign currencies, including the US dollar, Kuwaiti dinar, and Bahraini dinar, has increased. On the other hand, the value of currencies such as the Australian dollar, British pound,…
Deputy Prime Minister and Financial Minister Bishnu Prasad Poudel has said that democracy and the republic has become a budget. Answering the questions in the National Assembly, Finance Minister Poudel informed that the budget was built under the stage, not the budget. He said that the budget has not been,…
Under the aegis of its India-Nepal Centre and in association with Visa Inc and the Banking, Finance and Insurance Institute of Nepal (BFIN), the PHD Chamber of Commerce and Industry (PHDCCI) organized the “India-Nepal Fintech Summit 2025” on 30 June in New Delhi. Participated by leading policymakers and industry leaders…