Author: Nepal123
Nepal Unveils Startup Policy to Boost Entrepreneurship
In a bid to foster innovation and entrepreneurship, the Nepali government has announced the ‘National Startups Policy, 2080’, which outlines a range of incentives and facilitation measures for startup enterprises in the country. The policy, adopted and enforced by the Council of Ministers, aims to promote and facilitate investment in startups by providing waivers, easing […]
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Nepal ISPs Await Court Ruling on Internet Tax Payment
In a move that could potentially impact internet access and prices in Nepal, internet service providers (ISPs) are eagerly awaiting the full text of the Supreme Court’s ruling regarding the payment of taxes they collected from customers. This comes after the court scrapped a writ petition filed by Worldlink Communications, ordering ISPs to pay the […]
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Gold and Silver Prices Dip in Nepali Market
The domestic market for precious metals witnessed a decline in prices today, with both gold and silver experiencing a notable drop. According to the Federation of Nepal Gold and Silver Dealers’ Associations, the price of hallmark gold has decreased by Rs. 700 per tola (11.66 grams), bringing the current trading price to Rs. 139,300. On […]
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Nepal Bans Popular Indian Spice Brands Over Cancer Concerns
In a move to safeguard public health, Nepal’s food safety agency has imposed an immediate ban on the sales and imports of popular Indian spice brands MDH and Everest. This decisive action comes after findings from several countries revealed the presence of ethylene oxide, a cancer-causing chemical, in these spice products. The Department of Food […]
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NRB Revises Vehicle Loan Rules, Eases Home Loan Criteria
In a significant move aimed at promoting financial inclusion and supporting economic growth, the Nepal Rastra Bank (NRB) has announced key revisions to its monetary policy during the third-quarter review for the fiscal year 2023/24. Among the notable changes, the central bank has reduced the risk weightage on vehicle loans and eased the eligibility criteria […]
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Nepali Government Aims to Brand and Export Local Liquors
In a move to promote Nepal’s traditional liquor industry, the government has unveiled plans to brand and export local liquors by maintaining stringent quality standards. President Ramchandra Paudel announced this initiative while presenting the government’s policy and program for the upcoming fiscal year 2081/082 BS. During his address, President Paudel stated that a special program […]
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Nepali Government Aims to Brand and Export Local Liquors
In a move to promote Nepal’s traditional liquor industry, the government has unveiled plans to brand and export local liquors by maintaining stringent quality standards. President Ramchandra Paudel announced this initiative while presenting the government’s policy and program for the upcoming fiscal year 2081/082 BS. During his address, President Paudel stated that a special program […]
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Comprehensive Guide Launched to Boost Nepal’s Cashmere Products
In a significant boost for Nepal’s Pashmina industry, a comprehensive trade facilitation guide has been launched to support small-scale businesses in exporting the renowned Nepali Pashmina to major international markets. The guide was jointly unveiled by Myriam Ferran, Deputy Director General for International Partnerships of the European Commission; Veronique Lorenzo, Ambassador of the European Union […]
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Revival of Gorakhkali Rubber Udhyog
In a significant move to revive ailing public enterprises, the Nepali government has unveiled a policy to resume the operation of sick public enterprises, including the Gorakhakali Rubber Udhyog. This announcement was made by President Ramchandra Paudel while presenting the government’s policy and program for the upcoming fiscal year of 2081/82 BS (2024/2025). President Paudel […]
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Nepali Businessman Sharma Appointed as Kyrgyzstan’s Honorary Consul
In a move to strengthen economic ties between Nepal and Kyrgyzstan, Ramesh Sharma, the Secretary General of the Nepal-India Chamber of Commerce and Industry, has been appointed as the Honorary Consul General of Kyrgyzstan to Nepal. The flag hosting and inauguration ceremony was held in the presence of Non-residential Ambassador to Nepal, Askar Beshimov. Sharma, […]
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