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Nepal-India power trade deal renewed for three months

A power trade agreement between Nepal and India has been renewed for the next three months. The agreement, which used to be extended for a year annually, has been extended only for three months this time, informed Nabin Raj Singh, the spokesperso…

UK investors to attend Nepal Investment Summit 2024

A high-level team of investors is arriving from the United Kingdom to attend the Nepal Investment Summit 2024. British Ambassador to Nepal, Rob Fenn, told Finance Minister Barshaman Pun that the investors are willing to attend the upcoming summit…

Tiwari takes charge of Inland Revenue; Niraula heads Customs

Shiva Lal Tiwari has been given the responsibility of the Director General of the Inland Revenue Department. Finance Minister Barshaman Pun entrusted Tiwari as the DG of the Inland Revenue Department on Wednesday. Tiwari has already served as …

Shree Airlines adds two new 80-seat DHC aircraft to its fleet

Shree Airlines has expanded its fleet with the acquisition of two more 80-seat aircraft manufactured by De Havilland of Canada, formerly Bombardier. Shree Airlines recently acquired these two aircraft previously operated by Horizon Air and Alaska…

Chovar Dry Port comes into operation 2 years after completion

After two years of completion, the Chovar Dry Port in Kathmandu has come into operations.  Currently, two hundred cars are waiting for customs clearance. Businessperson Bibhor Kumar Agrawal is visiting the dry port regularly for some days…

FinMin Pun urges AIIB to augment investment in Nepal

The Asian Infrastructure Investment Bank (AIIB) has said that Nepal is a high priority for its infrastructure development plans. A visiting high-level delegation from the AIIB emphasized Nepal's importance for its infrastructure developm…

Manthali-Lukla direct flights begin

With the start of trekking and mountaineering season, daily flights to Lukla have started from Ramechhap's Manthali Airport. Tara Air, Summit Air and Sita Air started regular flights to Solukhumbu's Lukla from today. It is believed that o…

USD, Dinar up, Euro, UK Pound and AUD down

While the value of the US Dollar and Dinar have gone up slightly, that of many currencies including the Euro, Austrian Dollar, and UK Pound have decreased today. According to the details of the Nepal Rastra Bank unveiled today, the buying price o…

FinMin Pun holds meeting with World Bank Vice-Presidents

Finance Minister Barshaman Pun and three vice-chairpersons of the World Bank held discussion about mega infrastructure projects of Nepal. Finance Minister Pun had a meeting with three vice-chairpersons of the World Bank, Martin Raiser, Akihiko Ni…

Nepal-India cooperation vital for economic growth in North Bengal

The Bengal Chambers of Commerce and Industry (BNCC&I) held the third edition of its conference, "Prospects for North Bengal – Investments in Sustainability," in Siliguri, India, on Thursday, with the objective to explore business…