News
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 […]
Read More
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, […]
Read More
Korea to Invest $9.8 Million in Green Jobs Creation in Pokhara
In a significant move towards sustainable development, the Korean government has pledged a generous assistance of $9.8 million for the creation of green jobs in Pokhara, Nepal. The Memorandum of Understanding (MoU) for the project titled ‘Green Job Creation through Recycling and Up-cycling Project’ was signed by Ambassador Taeyoung Park and Finance Secretary Madhu Kumar […]
Read More
Nepal’s 16th Five-Year Development Plan Unveiled
In a recent announcement, the government of Nepal has unveiled its 16th Five-Year Development Plan, outlining ambitious goals for economic growth and social development. The plan, revealed during a press conference at Singha Durbar, aims to propel the country’s economy forward, targeting a substantial increase in GDP and significant improvements in key indicators. The National […]
Read More
Nepal Government to Establish Dedicated Regulatory Body for Cooperatives
In a significant move to strengthen oversight and regulation, the Nepal government has announced plans to set up a dedicated regulatory body focused on the intensive supervision of cooperatives. This announcement came during the unveiling of the government’s policies and programs for the upcoming fiscal year, showcasing a commitment to enhance accountability and safeguard savings […]
Read More
Nepal’s Banking Sector: A Beacon for Women’s Advancement
In Nepal, Banking Industry Leads Women’s Empowerment Efforts, Nepali Women in Finance, Nepali Market Progress, Nepal Women Workforce, Nepal Banking Gender Equality, Nepal Business News, Nepal’s banking sector is paving the way for women’s empowerment despite social challenges in the patriarchal society. A recent report by the International Finance Corporation (IFC) unveils Nepal’s leading role […]
Read More
Hyundai Assembly Plant Inaugurated in Nepal
Nepal’s Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has reaffirmed the government’s commitment to fostering an investment-friendly environment, driving economic transformation, and bolstering the country’s industrial sector. During the inauguration of the Hyundai Motor Assembling Plant of Laxmi Motor Corporation in Nawalparasi, PM Prachanda emphasized the pivotal role of the private sector in propelling Nepal’s journey […]
Read More
Bagmati Province’s Sluggish Budget Expenditure Raises Concerns
With the current fiscal year 2080-81 BS (2023-24) drawing to a close, the Bagmati Province government’s budget expenditure has raised eyebrows due to its lackluster performance. According to the latest reports from the Province Treasury Comptroller Office in Hetauda, the province’s budget expenditure has reached a mere 38.92 percent as of the eleventh hour. Slow […]
Read More
Swiss Aid Boosts Nepal’s Eco-Tourism Push
In a significant move to bolster Nepal’s eco-tourism sector and empower local communities, the Swiss government has pledged financial assistance of 9.01 million Swiss francs for a trekking-based tourism project in the Koshi Province. The four-year project, slated to commence this year, is expected to directly benefit approximately 100,000 locals across 29 local levels within […]
Read More
First MCC construction contract awarded – Butwal Substation Deal Signed
In a significant stride towards bolstering Nepal’s energy infrastructure and facilitating cross-border energy trade, the Millennium Challenge Account-Nepal (MCA-Nepal) has inked a contract agreement for the construction of the New Butwal Substation. This pivotal project is being funded through a grant from the US Mission Millennium Challenge Corporation (MCC), marking the first construction contract under […]
Read More