NEWS

A bilateral agreement has been signed between Nepal Airlines Corporation and various international airlines.The agreement was reached on the suggestion and activism of Culture, Tourism and Civil Aviation Minister Prem Bahadur Ale and Executive Chairman of the Corporation Yuvraj Adhikari.In addition, the corporation has been…

The development of high-capacity transmission lines has received significant attention from the government in order to meet the increased demand for electricity. The Nepal Electricity Authority (NEA) has previously said that a 132 KV transmission line distribution line will be constructed; therefore, The Ministry of Energy, Water Resources, and…

Construction of the 490.2 MW Arun-4 Hydropower Project is already officially underway thanks to NEA's successful application.NEA has been given the go-ahead to build the 490.2 MW Arun-4 Hydropower Project by the government.The Ministry of Energy, Water Resources and Irrigation said on Monday that the state-owned power utility will…

The Nepali Rupee fell to a six-month low against the US dollar on Thursday, with the Nepal Rastra Bank (NRB) fixing the price of the American currency at Rs 120.27 per dollar for the day.Previously, the Nepali rupee fell to a record low of Rs 121.69 per dollar in April 2020. On April 26, 2021, the exchange rate fell to Rs 120.32 per dollar.…

The Kulekhani (Indrasarovar) reservoir, the only seasonal reservoir power plant in Nepal, has started overflowing. The water level in Kulekhani reached 1530 meters on Sunday night. This is the highest capacity of Kulekhani.According to Madan Timsina, director of Nepal Electricity Authority, it has reached 1530.00 meter level for the first…

Sales of four-wheelers grew strongly in the run-up to the festival season, with experts optimistic of returning to pre-Covid-19 levels next year.Dealers said that despite higher taxes, two-wheeler sales grew 50% year on year.Due to a lack of semiconductor chips, four-wheeler dealers are experiencing inventory shortages. Semiconductors…

Are you coming home to Nepal after staying in overseas to celebrate Dashain? It may be simpler to comprehend which goods may be transported from Tribhuvan International Airport if you are carrying necessary and preferred items or gifts for your family.Certain products are exempt from customs duty. What is the cost of bringing any goods?…

Transactions via online platforms including Quick Response (QR) codes, mobile wallets and internet banking inside the country have been in an escalating trend.The records with Nepal Rastra Bank (NRB) show that transaction amounts via QR codes surged over Rs 5 billion, along with a record high number of 1.3 million transactions, in the first…

The Asian Development Bank (ADB) has approved a $60 million loan as additional support for the ongoing Electricity Grid Modernization Project that is upgrading power transmission and distribution systems in Nepal.The ongoing project, approved in November 2020, is automating 34 existing grid substations across Nepal, completing the…

Trade deficit soared, foreign exchange reserves decreased and remittances declined sharply in the first month of the current fiscal year 2021-22, raising concerns if the external sector of the economy—Nepal’s international economic transactions—might be at risk.According to the macroeconomic and financial situation of the country report…