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Endowment policy


Fuel dealers seek compensation from NOC

Kathmandu, April 2 Petroleum dealers have sought compensation from Nepal Oil Corporation (NOC) citing that dealers had to bear a loss of almost Rs 400 million following the corporation’s decision to bring down fuel price…

FeNeGoSiDA’s pledge

KATHMANDU: The Federation of Nepal Gold and Silver Dealers’ Association (FeNeGoSiDA) has pledged to contribute Rs 1.5 million to the COVID-19 Fund set up by the government for treatment of coronavirus and prevent its spread…

Nepal’s economy to slow in FY2020: ADB

KATHMANDU: Nepal’s economy is anticipated to grow by 5.3 percent (at market prices) in fiscal year (FY) 2020, down from 7.1 percent a year earlier, according to the Asian Development Outlook (ADO) 2020, the Asian…

Lack of mobile vans affects FMTC’s home delivery service

Kathmandu, April 2 The government initiated home delivery service is proving to be quite popular among the general public, albeit the Food Management and Trade Company (FMTC) is struggling to cope with the surging demand…

Emirates to operate flights to repatriate visitors, ex-pats from April 6

DUBAI: Emirates has received approval from UAE authorities to operate a number of outbound passenger flights starting April 6 to repatriate visitors and residents who wish to return to their home countries, the company’s chairman…

MoF proposes steep discount on electricity bills of industries operating in off-peak hours

Kathmandu, April 1 With an aim to maximise the utilisation of generated electricity, the government is planning to offer up to 50 per cent discount on electricity bills of industries operating in off-peak hours (night…

NAC flies to Brisbane with stranded tourists

Kathmandu, April 1 Nepal Airlines Corporation (NAC) aircraft departed for Australia for the first time today carrying a total of 257 stranded passengers, including Australians and New Zealanders. On October 1, Nepal had signed its…

OYO provides free stay amid lockdown

KATHMANDU: OYO Hotels and Homes has announced that it will be providing free stays for tourists who are stranded and unable to return home amidst the current lockdown in Nepal. “From April 1, select OYO…

World faces food crisis in wake of coronavirus: UN, WTO

Paris, April 1 The heads of three global agencies warned today of the risk of a worldwide ‘food shortage’ if authorities fail to manage the ongoing coronavirus crisis properly. Many governments around the world have…

NOC slashes price of petrol, diesel, kerosene by Rs 10 per litre

KATHMANDU: The Nepal Oil Corporation (NOC) has slashed the prices of petrol, diesel and kerosene by Rs 10 per litre effective from Wednesday midnight. With this adjustment, petrol is priced at Rs 96 per litre…