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TIA’s international terminal to operate 24 hours a day; domestic terminal 18 hours
From May 29( Jestha 15), the international airport will be operational 24 hours a day. To deal with the soaring air traffic, the Civil Aviation Authority of Nepal (CAAN) is planning to operate the international airport 24 hours a day.According to the CAAN, the Gautam Buddha International Airport and the Pokhara Regional International…
Read More...Nepal’s limited foreign exchange reserves forces restricted imports
A central bank official warned that Nepal may run out of foreign currency reserves needed to purchase medications, oil goods, cars, and other items in seven months if things don't improve.NRB spokesperson Gunakar Bhatta said that the central bank has raised interest rates in an effort to deter people from purchasing goods and help build up…
Read More...Buddha Air plans to extend flights to New Delhi from Pokhara
Buddha Air, a private sector airline, plans to expand its air network into neighboring India by adding flights to New Delhi, Dehradun, and other cities with a higher concentration of Nepalese residents.Buddha Air intends to launch a direct flight between Pokhara (Kaski) and New Delhi. Dipendra Kumar Karna, Buddha Air's Information Officer,…
Read More...Investigation sub-committee to study the issue of tire rupture case of NAC during take-off in Bangkok
A committee has been formed to investigate the tire rupture case while the Nepal Airlines Corporation's RA 402 aircraft was about to take off from Bangkok, Thailand last week.On April 1, while flying on the runway of Suvarnabhumi International Airport, tires on both sides of the plane exploded. However, the pilot's wise decision prevented a…
Read More...NAST develops Electric scooter with a range of 50 km on a single charge
According to the price set by the Nepal Oil Corporation, the current price of a liter of petrol is Rs 160. Prices of petroleum products have been rising steadily in the international market.The Nepal Academy of Science and Technology (NAST) has after long research developed an electric scooter suitable for Nepal's roads.The foundation…
Read More...Nepal’s Binod Chaudhary is South Asia’s only other billionaire, with the exception of India
He has become the only billionaire in South Asia apart from India, Binod Chaudhary, a renowned industrialist in Nepal.A billionaire outside of India, Chaudhary made Forbes Magazine's list of the world's wealthiest people this year.Apart from India, only Binod Chaudhary of Nepal is a billionaire, according to a list made public late last…
Read More...Nagdhunga-Naubise tunnel project completes 48.7 percent construction works
Construction of the Nagdhunga-Naubise tunnel is in full swing, according to officials. A total of 207 meters of the main tunnel's concrete lining has been completed to date. An equipment for concrete lining was delivered about a month ago and the construction work was carried out at a specified time.At this point, 48.7 percent of the…
Read More...Nepal gets permit to export 325 MW of electricity to India
An electricity export license for Nepal to India has been granted, with a capacity of 325 megawatts (MW).Nepal has been allowed to sell additional 325 MW of electricity at competitive rates in the Indian energy market.Power export has been approved by the Ministry of Energy, Water Resources & Irrigation, according to a press…
Read More...7.5 million children to be vaccinated against typhoid from April 8
The Ministry of Health and Population has decided to vaccinate 7.5 million children across the country against typhoid.At a press meet organized today, Sagar Dahal, Chief of Child Health and Vaccination Branch of the Department of Health Services, informed that the vaccine will be given to children from one year, three months to 15 years…
Read More...Nepal Rastra Bank helds talk with banks to limit the importation of luxury items
After the country's foreign exchange reserves began to dwindle and imports skyrocketed, the Nepal Rastra Bank (NRB) began working with commercial banks to tighten import restrictions.Nepal Rastra Bank has been in talks with banks about limiting the import of gold, silver, automobiles, and other luxury goods.Nabil Bank's general manager,…
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