Nepal
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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Nepal Records Robust Remittance Inflows Amidst Economic Landscape
Nepal continues to witness substantial remittance inflows, with the latest report from the Nepal Rastra Bank (NRB) shedding light on key trends in the country’s economic landscape. Remittance Inflows: Nepal received Rs. 1082.62 billion in remittances over the past nine months, indicating a significant 19.8 percent increase compared to the same period last year. This […]
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EU Pledges Support for Boosting Investment in Nepal
The European Union (EU) has reaffirmed its commitment to supporting Nepal in attracting foreign investment, with a particular focus on bringing European companies to the Nepali market. During a reception held on Thursday to commemorate the 50th anniversary of diplomatic relations between Nepal and the EU, Ambassador Veronique Lorenzo highlighted the upcoming ‘EU-Nepal Trade Forum’ […]
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Rajesh Kaji Shrestha Elected as Chairman of Nepal Chamber of Commerce Advisory Council
Rajesh Kaji Shrestha has been appointed as the Chairman of the Advisory Council of the Nepal Chamber of Commerce (NCC), marking a significant milestone in his longstanding association with the chamber. Shrestha, a former president of the chamber, assumes the role of advisory council chairperson, where he will play a pivotal role in guiding the […]
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Nepal’s Biggest Iron Mine in Jhumlabang Set for Excavation
Department of Mines and Geology Prepares to Tap into 200 Million Tonne Iron Ore Deposit in Rukum East In a significant development for Nepal’s mining industry, the Department of Mines and Geology is set to commence the excavation of iron ore from Jhumlabang in Rukum East, which is believed to be the country’s biggest iron […]
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inDrive Ride-Sharing App Officially Launches in Nepal
US-based Ride-Hailing Giant inDrive Enters Nepali Market, Offering Innovative Services and Employment Opportunities After operating unofficially for two years, the US-based ride-sharing application inDrive has officially launched its services in Nepal. Announcing the official launch, the company revealed that it would impose a 10 percent commission on drivers for each ride, signaling a competitive market […]
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inDrive Ride-Sharing App Officially Launches in Nepal
US-based Ride-Hailing Giant inDrive Enters Nepali Market, Offering Innovative Services and Employment Opportunities After operating unofficially for two years, the US-based ride-sharing application inDrive has officially launched its services in Nepal. Announcing the official launch, the company revealed that it would impose a 10 percent commission on drivers for each ride, signaling a competitive market […]
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Nepal Urges for Concessional Aid at ADB Annual Meeting
Finance Secretary Marasini Calls for Increased Financial Support to Drive Nepal’s Post-Pandemic Recovery and Green Development Initiatives During the 57th annual meeting of the Board of Governors of the Asian Development Bank (ADB) in Tbilisi, Nepal’s Finance Secretary Madhukumar Marasini made a compelling appeal to the international community for concessional assistance. Highlighting the economic and […]
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India Lifts Onion Export Ban: Impact on Nepali Market
India recently announced the lifting of its ban on onion exports after nearly five months but introduced a minimum export price of $550 per tonne. While this move signifies a positive development for Indian onion farmers, it raises concerns about potential price hikes in the Nepali market. The Directorate General of Foreign Trade of India […]
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Cross-Border Digital Payment Milestone: Indians Can Now Pay in Nepal via Mobile Phones
Since March 1, a groundbreaking shift has occurred in cross-border digital payments between Nepal and India, allowing Indians to seamlessly conduct transactions using their mobile phones. This milestone marks a significant advancement in the realm of digital finance, fostering greater connectivity and convenience for individuals transacting across borders. In a strategic partnership, Fonepay Payment Service […]
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