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Business

DFC invests in Agriculture and boosts small businesses in Nepal

US International Development Finance Corporation (DFC) Vice President for Development Credit Jim Polan met with Laxmi Bank and other businesses supporting sustainable agriculture and food security in Nepal this week. The meetings were part o…

Nepali sky safe for flights: Minister Shrestha

Minister for Culture, Tourism and Civil Aviation Jeevan Ram Shrestha claimed that the Nepali sky was safe for flights operation. At a program organized in the capital on Wednesday on the occasion of International Civil Aviation Day, Minister…

China promotes further opening in panda bond market

China has announced improved fund management rules for panda bond issuance as part of the efforts to promote further opening-up in its bond market. The People's Bank of China and the State Administration of Foreign Exchange have jointly relea…

Amazon may lay off 20,000 employees: Report

Amazon, a multinational giant company, may now lay off 20,000 employees in the coming months across various departments, Business Standard reported. Employees from all the rankings in the company, from Grades 1 to 7, are expected to be …

'Japan's experience on economic nationalism, patriotism worth-learning'

Nepal can learn a lot from Japan's experiences particularly on the economic, political and patriotic fronts, experts have said. Speaking at a seminar titled "Japan: Past, Present and Future" organized by Japanese Univ…

Govt to launch special city buses targeting heritage sites in Valley

The government is all set to launch hop-on hop-off city buses for tourists to visit heritage sites in the Kathmandu Valley. The Ministry of Culture, Tourism and Civil Aviation said hop-on hop-off city buses will be operated to facilitat…

Oilseed farming on the rise in Bara

Oilseed cultivation has increased in Bara this year. Farmers in the district have cultivated oilseeds in an area of 10,300 hectares, according to the Agriculture Knowledge Center. Oilseed cultivation last year was in 10,270. Chief of the center J…

Bharatpur Metropolis provides 50% subsidy for fish farming

Bharatpur Metropolitan City has decided to provide 50 percent subsidy for fish farming. The subsidy goes for electricity tariffs under the Livestock Service Development Program as approved by the metropolis for the current fiscal year. The sch…

NOC clarifies price of petroleum products will not come down

Nepal Oil Corporation (NOC) has clarified that the price of petroleum products would not go down though the Indian Oil Corporation (IOC) is supplying petroleum products at cheaper price than before. As NOC is currently bearing loss of Rs 27 billi…

Remittance inflows in Nepal to surge to USD 8.5 billion in 2022: World Bank

Remittance is projected to increase by 3.6 percent and reach as high as USD 8.5 billion in Nepal in 2022, the World Bank estimated. The World Bank projected so in a 'Migration and Development Brief' unveiled recently. In 2021, the remi…
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