Himalayan Reinsurance Company’s Licensing ‘Deal’ May Taint Nepal Government

There is an emerging suspicion that Himalayan Reinsurance Company might have secured its operating licensing deal by influencing powerful officials of the Nepali government. As per an operator of the reinsurance company, the company already...

Nepal to Receive NPR 17.78 Bn Concessional Loan from World Bank!

The World Bank inked an agreement with the Nepali Government to provide concessional loan worth NPR 17.78 billion (USD 150 million) to support the nation’s fight against the pandemic. Nepal’s Finance Secretary Sishir Kumar Dhungana...

Online Platform Daraz to Promote Nepal at Tokyo 2020 Summer Olympics!

Daraz Nepal, the leading online platform in Nepal, is all set to promote Nepal at the upcoming Tokyo 2020 Summer Olympics. Daraz is part of the Alibaba Group, which is the ‘Worldwide Partner’ of...

Kathmandu City Allocates NPR 18.9Bn Budget for FY 2021/22

The Kathmandu Metropolitan City (KMC) has allocated a budget of NPR 18.9 billion for the upcoming fiscal year 2021/22. Last fiscal the City had allocated a budget of 16.42 billion. KMC Deputy Mayor Hari Prabha Khadgi...

Nepal Exports Stand at NPR 121 Billion, 38% Up From Last FY!

Trade and economic activities in Nepal have gathered steam in the current fiscal year 2020/21 after coming to a grinding halt amid the pandemic in the last fiscal. According to the Department of Customs, the...

Nepal records 2,474 new cases In the last 24 hours

The Health Ministry has stated that Nepal’s COVID1-9 tally reached 659,365 on Thursday afternoon. In addition, the ministry confirmed that 2,474 new cases have cropped in the past 24 hours. In the same period, 7,235...

Nepal Prime Minister distributes all portfolios to the remaining cabinet ministers

Following the interim order from the supreme court, Nepal central government had to remove the ministers appointed after the dissolution of the House of Representatives. Prime Minister KP Oli centralized the ministerial duties to the...

NPR 28.6 billion worth of rice imported by Nepal in 11 months

Nepal imported rice over the past 11 months from China, the Philippines, Japan, and Thailand. The Department of Customs stated that the country imported rice worth NPR 28.6 billion. As per the information of the...