Business & Economy


Nepal capital city KMC brings budget of around Rs 16.42 billion Wednesday, June 24th, 2020

KATHMANDU:- Nepal's capital Kathmandu Metropolitan City has presented a budget of around Rs 16.42 billion for coming fiscal year. Deputy-Mayor of the KMC, Hari Prabha Khadgi, presented the budget in the seventh municipal assembly organised here on Wednesday. The KMC has allocated the highest..

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Nepal and World Bank sign DPC of 100 million USD

KATHMANDU: The government of Nepal and the World Bank Board signed a Development Policy Credit of 100 million US dollars today to improve the financial viability and governance of the energy sector and recover from the COVID-19 crisis. The agreement was signed by Finance Secretary, Sishir Kumar..

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South Africa’s jobless rate tops 30% Tuesday, June 23rd, 2020

PRETORIA, (AFP):- South Africa's unemployment rate rose one percentage point to 30.1 percent in the first quarter of this year compared with the last three months of 2019, official data showed Tuesday. The new data is a far cry from what analysts expect to be the ultimate fallout from the..

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Tatopani Transit operating regularly

MELAMCHI:- The Tatopani border point in Sindhupalchowk district has been open and running its day-to-day operation regularly lately. The important Nepal-China border point was closed since January 30 last year to prevent the risks of COVID-19 spread came to operation since April 8 this year. Many..

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Rs 2.34 b collected in COVID-19 treatment and control fund Monday, June 22nd, 2020

KATHMANDU:- Nepal Government has shared that a total of Rs 2.34 billion has been collected in COVID-19 treatment and control fund till today. Secretary at the Office of the Prime Minister and Council of Ministers, Narayan Prasad Bidari shared this in a meeting of the Public Accounts Committee..

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Nepal Investment Board accepts Rs 185 billion for seven projects Saturday, June 20th, 2020

KATHMANDU:- Nepal Investment Board has accepted seven projects equivalent to Rs 185.43 billion. The Board's 44th meeting held on Friday accepted the investment for five hydropowers and two related to cement industries. The meeting was held under the chair of Prime Minister KP Sharma Oli. Rs 78.65..

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Apple re-closes some stores, raising economic concerns Friday, June 19th, 2020

By TALI ARBEL and MICHAEL LIEDTKE, Cupertino, CA, (AP):- Apple’s Friday decision to close stores in four states with surging coronavirus cases highlights a question that other businesses may soon face: Stay open or prepare for more shutdowns? Apple, like many other major U.S. retailers, shut..

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After Covid-19 Nepal remittance flow decreased by 6.1 percent Wednesday, June 17th, 2020

By Jyoti Dhakal, KATHMANDU:- Remittance inflows decreased by 6.1 percent in the first ten months of the current Fiscal Year.The total remittance has reached to Rs. 680.84 billion as of April. This is 6.1 percent less than the amount deposited in the same period last fiscal year. According to the..

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Israeli support Personal Protective Equipment to Nepal

KATHMANDU:- Israel has provided 550 units of Personal Protective Equipment (PPEs), 10,000 units of Masks, 50 units of Infrared Digital Thermometers and 5,000 pairs of surgical gloves to help Nepal in its fight against COVID-19. Additionally, hand sanitizers, hand sprayers and disinfectant solutions..

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Nepal’s Department of Commerce reopens service from today Monday, June 15th, 2020

KATHMANDU:- Nepal's Department of Commerce, Supplies and Consumer Protection (DCSCP) has reopened its service from today following a halt due to lockdown. The Department has asked businesspersons and traders to send necessary documents to its official email for registration, renewal, amendment,..

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130 industrial villages to be set up in Nepal next fiscal year Sunday, June 14th, 2020

KATHMANDU:- Nepal Government is to set up industrial villages at the local level itself for promoting employment and reducing the adverse impact of coronavirus pandemic on the country's trade and business sector. The government has brought this programme with the objective of utilising the labour,..

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