The Inland Revenue Department (IRD) has introduced stringent measures to curb money laundering and terror financing within the precious metals and gems sector. Under the newly issued “Directive on Anti-Money Laundering and Combating the Financing of Terrorism, 2025,” the government has significantly lowered the threshold for mandatory customer identification. Previously, a Know Your Customer (KYC)…
India’s renowned hospitality chain, Lemon Tree Hotels, has officially entered into an agreement to manage and operate the Hotel Queen Tower in the scenic hilltop town of Bandipur, Tanahun. The agreement was signed in New Delhi between Carnation Hotels Private Limited (a subsidiary of Lemon Tree Hotels Limited) and Bandipur Cable Car and Tourism Limited….
Nepal Rastra Bank (NRB), the country’s central bank, has expressed “serious concern” over the increasing frequency of organized attacks and unprofessional behavior targeting banks and financial institutions (BFIs) and their employees. The statement follows a recent incident in Bardibas where staff members of Jyoti Bikash Bank were reportedly mistreated, sparking widespread protest from various banking…
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...
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...
Nepal and India took a significant step today to deepen economic and commercial ties by signing an agreement that significantly expands rail-based freight movement between the two countries. In a bilateral meeting held in New Delhi, Shri Piyush Goyal, India’s...
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,...
Kamal Gyanwali, the former Chief Executive Officer (CEO) of Kist Bank, is set to be released from prison after completing approximately seven years of his jail term, following an order from the Supreme Court. The division bench of Justices Hari...
The ferry service across the Arun River at Satighat, linking Bhojpur and Sankhuwasabha from the north, has resumed after a six-month closure. The service, which had been halted since Jestha due to monsoon-related flooding, was brought back into operation on...
Heavy snowfall has been reported in Mustang district since last night, affecting daily life across the Himalayan region. Following continuous snowfall, the revered Muktinath Temple has been completely blanketed in snow. Local authorities have urged travelers to avoid planning trips...
