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Dealers seek FNCCI support for removal of gold import quota

KATHMANDU, JANUARY 22 Gold and silver dealers have asked for support from the Federation of Nepalese Chambers of Commerce and Industry (FNC- CI) to remove the quota system on gold imports. During a meeting with…

RBB connects with digital wallets

KATHMANDU: Four digital wallet companies have connected with the Rastriya Banijya Bank (RBB) for all kinds of governmental payments, including taxes. Consumers that have to make payments to the government via RBB can use the…

Rs 3.36 billion investment in tourism sector during pandemic

KATHMANDU, JANUARY 22 Even though the COVID-19 outbreak has severely affected the tourism industry, the sector witnessed investment worth Rs 3.36 billion during the pandemic. According to the Department of Industry (DoI), a total of…

Hero surpasses 100 million cumulative production

KATHMANDU, JANUARY 21 Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, today surpassed the significant milestone of 100 million units in cumulative production. The 100 millionth bike, the Xtreme 160R, was rolled out…

NIBL to distribute 18.5 per cent dividend

KATHMANDU, JANUARY 21 Nepal Investment Bank Ltd (NIBL) successfully held its 34th annual general meeting (AGM) for the fiscal year 2019- 20 today at its head office, Durbar Marg. Photo courtesy: NIBL Taking into consideration…

Tatopani checkpoint to remain closed for three weeks

KATHMANDU, JANUARY 21 The Tatopani checkpoint, where movement has been affected time and again, has been closed again starting from today. Citing the renovation of Miteri Bridge, the Chinese government has announced that the border…

Ncell 4G customers take to social media to vent ire

KATHMANDU, JANUARY 21 Along with the increase in smartphone users in the country, the number of 4G users is also going up. However, the telecommunication companies offering fourth generation of broadband cellular network technology have…

MoCTCA amends ratings provision for hotel industry

KATHMANDU, JANUARY 20 The Ministry of Culture, Tourism and Civil Aviation (MoCT- CA) has amended the provision of the ratings for hotel industry. According to the amended provision, which was made public today, hotels operated…

SC tells govt not to allow FDI in agro sector

KATHMANDU, JANUARY 20 The Supreme Court has issued an interim order late Tuesday directing the government not to implement the decision to allow foreign investment in the country’s agricultural sector. The interim order was issued…

Nepal requires Rs 665 billion to revive economy

KATHMANDU: The National Planning Commission (NPC) has projected that the country needs Rs 665 billion to rescue its economy weakened by the pandemic. The projection comes after an analysis of impact of the pandemic and…