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Nepal Business News: Loans, Elections, Currency Update
Nepal Government Approves World Bank Loan for Development Projects Kathmandu, May 3: In a significant move to boost the country’s economy, the Nepal government has given the green light for a concessional loan of around Rs 13.33 billion from the World Bank. This decision was announced during a press conference held at the Ministry of […]
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Nepal to Feature Revised Map on 100 Rupee Notes
In a move that underscores Nepal’s territorial claims, the government has announced its decision to incorporate a new map of the country on the 100 rupee currency notes. The decision, confirmed by the Minister for Communication, Information and Technology, and government spokesperson, was made during the Cabinet meetings held on April 25 and May 2. […]
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Nepal to Feature Revised Map on 100 Rupee Notes
In a move that underscores Nepal’s territorial claims, the government has announced its decision to incorporate a new map of the country on the 100 rupee currency notes. The decision, confirmed by the Minister for Communication, Information and Technology, and government spokesperson, was made during the Cabinet meetings held on April 25 and May 2. […]
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Nepal Oil Corporation Slashes Diesel, Kerosene Prices; Hikes Aviation Fuel Rates
In a move that will bring respite to consumers, the Nepal Oil Corporation (NOC) has announced a decrease in the prices of diesel and kerosene, effective immediately. However, the state-owned fuel distributor has also increased the rates for aviation fuel, both domestic and international, to align with global market dynamics. According to NOC spokesperson Manoj […]
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Nepal Oil Corporation Slashes Diesel, Kerosene Prices; Hikes Aviation Fuel Rates
In a move that will bring respite to consumers, the Nepal Oil Corporation (NOC) has announced a decrease in the prices of diesel and kerosene, effective immediately. However, the state-owned fuel distributor has also increased the rates for aviation fuel, both domestic and international, to align with global market dynamics. According to NOC spokesperson Manoj […]
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GEFONT Report Exposes Alarming Rise in Minimum Wage Violations
In a concerning revelation, the General Federation of Nepalese Trade Unions (GEFONT) has exposed a significant rise in minimum wage violations across industrial enterprises in Nepal. According to GEFONT’s recent Labor Audit Report- 2080 BS, an alarming 21.7% of industries are failing to pay their laborers the government-mandated minimum wage, marking a six percent increase […]
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NEPSE Rebounds with Strong Gains After Investment Summit
Following the conclusion of the Third Investment Summit on Monday, the Nepal Stock Exchange (NEPSE) has witnessed a remarkable resurgence on Tuesday, buoyed by positive investor sentiment and renewed confidence in the Nepali market. On the third day of trading, the NEPSE index surged by an impressive 25.93 points, reaching 2006.28 points, a notable increase […]
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Nepal’s Economy Projected to Grow by 3.87% This Year: CBS
The Central Bureau of Statistics (CBS) has estimated that Nepal’s economic growth rate will be 3.87 percent for the current fiscal year 2080/81. This projection suggests a significant expansion of the Nepali economy by 3.87 percent compared to the previous year’s growth rate of 1.86 percent. According to the details disclosed in the Annual National […]
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Nepal Gears Up to Host Major World Bank Meeting
Nepal is gearing up to host a major international economic conference, as Finance Minister Barshaman Pun and Martin Rager, Vice President of the World Bank for South Asia, convened in Kathmandu to discuss preparations for the upcoming 21st meeting of the World Bank’s International Development Association (IDA). The high-profile summit, scheduled to take place from […]
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Nepal Investment Summit 2024: Projects Worth Rs 9.13 Billion Approved
Investments worth a whopping Rs 9.13 billion have recently gotten the nod for four diverse projects in Nepal. These developments come as part of the ongoing 3rd Nepal Investment Summit 2024, signaling promising growth in the nation’s economic landscape. The Department of Industry has greenlit significant investments across various sectors, setting the stage for enhanced […]
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