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Sunday, October 17, 2021
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    To curb the outflow of foreign currency, authorities have tightened the rules

    The government has begun tightening measures to limit the outflow of foreign money in light of declining foreign exchange reserves, shrinking remittances, and rising imports. The Department of Immigration has cut the minimum amount of foreign currency that Nepali citizens...

    Nepal’s excess energy is being wasted because there are no consumers for it currently

    Until 2017, Nepal was a powerless country, with outages lasting up to 18 hours a day. Although the government currently possesses excess energy, it does not have a solid plan for exporting electricity. This results in daily electricity waste...

    Celebrating its 30th anniversary, Prisma Advertising celebrates its success stories with several succesful brands

    Prisma Advertising, one of the country's most successful advertising firms, has celebrated 30 years of achievement this year. Since 1991, Prisma has been continuously growing and developing excellent working relationships with its clients, all while maintaining a high level...

    Farmers are being urged to plant basmati rice for commercial purposes

    Because of the potential for export, the government has been attempting to persuade farmers in far western Nepal to grow Hansaraj basmati rice on a commercial scale. Despite expanding demand, Nepal's fragrant rice is not produced on a wide...

    In the run-up to festival season, there is a significant increase in auto sales.

    Sales of automobiles, which have remained resilient throughout the pandemic, have seen a significant increase in the lead-up to the festival season, with industry sources optimistic that sales would return to pre-Covid-19 levels by next year. Traders claim that despite...

    FOCUSONE Payment Solutions and Visa have launched Nepal’s first card-based Scan to Pay system, which is powered by Visa

    FOCUSONE Payment Solutions, a Payment Service Provider (PSP) with the National Retail Federation (NRB), has launched its Mobile Digital Wallet (MOCO) today. The MOCO digital wallet, developed in collaboration with Visa, the world's leading provider of digital payments, represents...

    According to a new report, China’s Belt and Road plans are losing pace as criticism and debt increase

    New research shows that China's massive Belt and Road Initiative (BRI) is in danger of losing pace as opposition in targeted nations grows and debts accumulate, clearing the path for alternative projects to force Beijing out, according a new...

    Covid-19 trash that is not properly disposed of could result in a hazardous waste catastrophe.

    In February of last year, a Nepal Airlines plane was deployed to Wuhan, China, where the coronavirus is supposed to have originated, to rescue Nepalis who had become stranded there. The plane also carried special rubbish "collection" containers. Wuhan...

    The lack of a requirement to disclose the source of investment increases the possibility of money laundering.

    A new clause in the Financial Act for this fiscal year, which states that it would not seek sources of income from investors who invest in infrastructure projects and businesses, has sparked questions about policy reversal, as well as...

    Due to increased export demand, large cardamom prices have rebounded

    In recent weeks, large cardamom prices have risen in response to an increase in international interest in the spice as a result of a decrease in production in neighbouring India, according to Nepali traders. According to local trader Om Bimali,...

    Latest News

    The electricity supply station for Huaxin Cement Factory is now operational.

    The Nepal Electricity Authority (NEA) has turned on a switching station in Dhading district, which would supply electricity to...