Friday, September 17, 2021

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Nepal and the World Bank have signed a joint deal worth $50 million to boost Nepal’s school and health sectors.

In separate agreements worth $50 million each, the government of Nepal and the World Bank signed today to provide additional funding to support the implementation of the government's flagship School Sector Development in the education sector and public...

Nepal and Bangladesh have agreed to collaborate on the construction of the 683 MW Sunkoshi III semi-reservoir project.

The Sunkoshi III semi-reservoir project, with a capacity of 683 megawatts, will be built in partnership by Nepal and Bangladesh. It is anticipated that a final decision will be reached by December of this year, following a discussion about...

Namaste Pay, a NTC and Banijaya Bank collaborate to come up with digital wallet service

Namaste Pay, a joint venture between Nepal Telecom and Rastriya Banijaya Bank, has kickstarted the first stage of mobile payment service amid a programme on Bhadra 29, 2078. The ceremony was marked by Secretary of Information Ministry Dr. Baikuntha Aryal,...

The NRNA election has been postponed at the request of the Foreign Ministry.

Following the government's directive, the of the Non-Resident Nepalis Association (NRNA) has been postponed till further notice. This is in response to written instructions from the government to halt the election and session of the National Resistance Movement's International...

Each province will have a major model agricultural production centre built by the government.

Every province will receive a huge model agricultural production centre, according to a recent announcement by the administration. Finance Minister Sharma announced that the modern model agricultural centre will be established under the Prime Minister's Agriculture Modernization Project through the...

Nepal and India have signed an agreement for the construction of the Butwal-Gorakhpur Transmission Line.

Nepal and India have decided to work on the creation of the second transnational transmission line, which will have a capacity to supply around 20,000 megawatts of electricity to both countries. In a signing ceremony held on Wednesday, the Nepal...

Chobhar’s dry port is ready to go!

The dry port at Chobhar, Kathmandu, is about to open for business. According to the Nepal Intermodal Transport Development Board, the government-built dry port's essential infrastructure was complete. The government established the port, which can hold roughly 500 containers, to...

Conference of Micro finance CEOs held

The inaugural national conference of the chief executive officers (CEOs) of microfinance institutions was organised by the Microfinance Association of Nepal (MAN), the country's operator of microfinance institutions. According to Jagat Pokharel, of the association, the two- summit in...

Nepal and the World Bank have agreed to invest $60 million in Nepal’s higher education industry.

Today, the Nepalese government and the World Bank signed a $60 million financing agreement for the Nurturing Excellence in Higher Education Program, which aims to improve the quality of higher education in Nepal, scale up online learning, and increase...

The Finance Minister has asked the IRD to double its revenue

Finance Minister Janardan Sharma has asked responsible officials to develop and successfully implement a work plan for tripling inland revenue. Minister Sharma emphasised that the current work style cannot contribute to the country's prosperity and that domestic revenue must be...

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