Author: Nepal123
Nepal’s FDI stock rose 11.8 percent to Rs295.50 billion
Nepal’s foreign direct investment (FDI) stock rose 11.8 percent to Rs295.50 billion at the end of 2022-23, according to a new survey report. The Survey Report on FDI in Nepal, published by Nepal Rastra Bank, the country’s central bank, on Friday shows that India ranks top with Rs103.5 billion in FDI stock in Nepal, followed […]
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BELLAVITA perfume debuts in Nepal
: BELLAVITA, India’s leading and most celebrated perfume brand, has announced its official launch in Nepal. The company said the expansion marks a significant milestone in its global growth strategy- gy, bringing its premium fragrance collection closer to the discerning regional consumers. Having firmly established itself as the No. 1 perfume brand in India, BELLAVITA […]
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‘We were market leader in EVs in Nepal. We would like to regain that spot’
NADA Auto Show 2024, Nepal’s biggest automobile fair, kicks off Tuesday in Kathmandu. Electric vehicle (EV) producers and representatives are here to tap into Nepal’s booming EV market, which saw 149 percent increase in imports in the last fiscal year, which ended in mid-July. The country brought in 11,701 EVs worth Rs29.48 billion during this […]
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NADA Auto Show 2024: The Electric Revolution Takes Center Stage
Hey there, auto enthusiasts! Buckle up because I’ve got some exciting news from the heart of Kathmandu. The 16th edition of Nepal’s largest auto show just kicked off, and let me tell you, it’s electrifying – quite literally! EVs Steal the Spotlight If there’s one takeaway from this year’s show, it’s this: electric vehicles (EVs) […]
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The Uncertain Future of Ride-Hailing Regulation in Nepal
In the bustling streets of Kathmandu and beyond, ride-hailing services have become an integral part of daily life for many Nepalis. However, the future of these popular services hangs in the balance as regulatory efforts face continued delays and complications. A Long Road to Recognition It’s been seven years since ride-hailing services first appeared in […]
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Paypal May Enter Nepal – A game-changer for Digital Payments
In a groundbreaking development for Nepal’s financial technology sector, the world’s leading online payment gateway, PayPal, may soon make its entry into the Himalayan nation. Recent reports suggest that Nepal Rastra Bank (NRB), the country’s central bank, is actively pursuing collaboration with the American digital wallet giant to enhance international payment capabilities for Nepali users. […]
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Government Allows Installment Payments for Ncell License Renewal Fee Payment
In a recent development, the Nepali government has decided to grant Ncell, the private sector telecom giant, the option to pay its license renewal fee in installments. This decision, made during a Cabinet meeting on Thursday, comes just days before the company’s license is set to expire on Sunday. The Installment Plan According to Minister […]
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Probe into Nepali Payment Firms
In a move to crackdown on illicit financial activities, the Nepal Rastra Bank (NRB), the country’s central bank and regulatory authority, has launched an investigation into two prominent Nepali payment service providers – Prabhu Money Transfer and Sajilo Pay Payment Services. The investigation stems from suspicions of their alleged involvement in unlawful businesses such as […]
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Nepal’s Internet Shake-Up: Govt Tackles Bandwidth Imports, ISP Regulations
The Nepalese government is making moves to restrict internet service providers (ISPs) from importing international bandwidth, signaling a potential crackdown on the country’s internet landscape. In a bid to increase control over internet access and services, the Ministry of Communications and Information Technology has established a committee tasked with implementing regulations that would prohibit ISPs […]
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F1Soft’s JumJum App Revs Up Nepal’s Ride-Hailing Market
In a significant move to revolutionize urban transportation in Nepal, F1Soft Group, the parent company of the renowned fintech platform eSewa, has officially launched its highly anticipated ride-sharing app, JumJum. Following a successful beta run, the leading digital solutions provider has unveiled this innovative service, fortified with an array of cutting-edge features and strategic partnerships, […]
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