First Business News Portal in English from Nepal
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KATHMANDU: Finance Minister Dr. Swarnim Wagle has said the government has no plans to introduce demonetisation in Nepal, ruling out the possibility of withdrawing existing banknotes from circulation for now. Wagle made the statement while addressing the ‘Citizens, Policy and Leadership’ dialogue organized by the Rastriya Swatantra Party (RSP) at its party office in Banasthali, […]
KATHMANDU: Nepal’s proposed Integrated Telecommunications Policy, 2083 could significantly reshape the country’s telecommunications market by changing the licensing framework, introducing a clearer legal basis for lawful interception and tightening the planning and management of scarce radio-frequency resources. The draft policy, published by the Nepal Telecommunications Authority (NTA) for public…
KATHMANDU: The Supreme Court has annulled the appointment of Maheshwar Bhakta Shrestha as chairman of the Nepal Airlines Corporation (NAC), removing him from the position with immediate effect following its verdict on Thursday. A joint bench of Justices Sunil Kumar Pokharel and Balkrishna Dhakal issued the verdict while hearing a writ petition filed by Upendra […]
KATHMANDU: Nepal Investment Mega Bank (NIMB) Chief Executive Officer Jyoti Prakash Pande has been released on bail in connection with the Smart Telecom case, allowing him to remain outside custody while defending the case in court. Pande appeared before the Kathmandu District Court on Thursday. A bench led by Judge Kamal Kant Joshi ordered his […]
KATHMANDU: The government has moved forward with a process to reopen power purchase agreements (PPAs) for electricity generated by licensed power producers, with a committee formed to prepare the necessary criteria within seven days. A meeting of the Nepal Electricity Authority (NEA) Board of Directors, chaired by Minister for Energy, Water Resources and Irrigation Biraj […]
KATHMANDU: The Public Accounts Committee of the House of Representatives has directed the government to ensure that foreign aid is channeled through Nepal’s national systems and government treasury as far as possible, bringing all such assistance within the scope of auditing and strengthening transparency in aid management. The committee issued a nine-point directive following its […]
KATHMANDU: The long-suspended Nepalgunj–Pokhara regular flight service is set to resume from August 31, 2026, with private airline Buddha Air announcing the resumption of the route amid rising passenger demand. Buddha Air Nepalgunj chief Binit Bikram Shah said the airline decided to restart the service after observing an increase in demand for flights between the […]
KATHMANDU: The government has moved to give greater priority to domestically produced goods and services in public procurement, directing government agencies to choose Nepali products wherever applicable. The Office of the Prime Minister and Council of Ministers (OPMCM) issued a letter on Thursday following a directive from Prime Minister Balendra Shah and consultations with domestic […]
KATHMANDU: The Association of Hire Purchase Companies of Nepal has welcomed the Nepal Rastra Bank (NRB)’s new regulatory framework for hire-purchase companies, saying the changes will help expand financial access to consumers and businesses that remain outside the reach of banks and other financial institutions. NRB issued the “Policy and Procedural Provisions for Granting Approval […]
KATHMANDU: The Ministry of Youth, Labour and Employment has prepared a report on the proposed Nepal Green Jobs Mission, targeting the creation of 150,000 green jobs over the next five years as part of the government’s plan to promote a green economy and expand employment opportunities for young people. The report, prepared by a task […]
KATHMANDU: The Confederation of Banks and Financial Institutions Nepal (CBFIN) has expressed serious concern over the investigation and filing of cases against some senior officials of Nepal Investment Mega Bank (NIMB) in connection with the sale of assets through collateral auction. The banking sector’s umbrella organization has questioned whether collateral and security rights lawfully created…
KATHMANDU: The parliamentary Finance Committee has agreed to reduce the tenure of the Governor, Deputy Governors and directors of Nepal Rastra Bank (NRB) to three years, while allowing the government to extend their tenure by up to an additional two years if deemed necessary. The agreement was reached during a clause-by-clause discussion on the Nepal […]
KATHMANDU: Dirga Bahadur Rawal has officially taken the oath of office and secrecy as the newly appointed Deputy Governor of Nepal Rastra Bank (NRB) on Thursday. The oath was administered by NRB Governor Prof. Dr. Bishwanath Poudel at a formal ceremony held at the central bank. Rawal assumed his official responsibilities immediately following the swearing-in […]
KATHMANDU: Capex Intensity in telecommunications sector is a metric that measures the proportion of telecom company’s revenue invested on Capital Expenditures (Capex) which is basically investment in line items such as property, plant and equipment, Capital Work-In Progress (CWIP) etc. It is typically a ratio of Capex/ Revenue. It quantifies how much of telecom company’s […]
KATHMANDU: The Dhaubadi Iron Company Limited has prepared a plan to extract around 96 million tonnes of iron ore from the Dhaubadi iron mine in Nawalparasi. The company has submitted a report to the Department of Mines and Geology outlining a plan to extract iron ore from the mine, which covers approximately 41 square kilometers […]
KATHMANDU: Nepal’s stockbroking companies earned more than Rs 41 crore in commission income during the first month of the current fiscal year, with Nasa Securities emerging as the highest-earning brokerage in Shrawan. According to data published by the Nepal Stock Exchange (NEPSE), 91 securities brokerage companies collectively generated Rs 41.27 crore in commission income in […]
KATHMANDU: The government has intensified preparations to reduce electricity tariffs for consumers and industries, with the aim of increasing domestic power consumption and minimizing losses caused by surplus electricity during the monsoon season. The Nepal Electricity Authority (NEA) has begun reviewing electricity tariffs following the formation of a committee on August 13 to recommend ways […]
KATHMANDU: Prime Minister Balendra Shah has signed performance agreements with his ministers, setting good governance, social justice and economic prosperity as key priorities for the current fiscal year. Prime Minister Shah signed the agreements with ministers at the Office of the Prime Minister and Council of Ministers on Wednesday. The agreements outline the major tasks, […]
KATHMANDU: The Nepal Telecommunications Authority (NTA) has taken a series of regulatory decisions aimed at strengthening Nepal’s telecommunications sector, including moving ahead with preparations for 5G, spectrum allocation, satellite gateway services, telecom licensing and service-quality improvements. The decisions were taken during the authority’s meetings in Shrawan 2083, covering a broad…
KATHMANDU: Ncell has deposited Rs 4.964 billion with the Nepal Telecommunications Authority (NTA) as an instalment toward the renewal fee for its mobile telecommunications service licence, including interest accrued on the outstanding amount. According to the NTA, the company deposited a total of Rs 4,964,582,191.77 into the authority’s account at Nabil Bank on Wednesday, August […]
