NEWS

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…

Check out the best NVMe M.2 SSDs on the market in 2020 and find out what makes them so fast in terms of the technologies used. Solid State Drives, better known as SSDs, are increasingly common on the most current PCs. Due to its growing popularity, its price per GB has dropped considerably since last couple of years, making way for latest…

The Upper Tamakoshi Hydropower Project has started generating 456 MW of electricity. The project has stated that power generation has started from all the six units on the occasion of the 36th anniversary of Nepal Electricity Authority.Commercial power generation from four units has already started. "Upper Tamakoshi will start generating…

Prime Minister Sher Bahadur Deuba earlier instructed to start the process of appointing Kulman Ghising as the Managing director of Nepal Electricity Authority.The government finalizes the process and Kulman Ghising has been reappointed as the Managing Director of Nepal Electricity Authority (NEA).A meeting of the Office of the Prime…

The Department of Foreign Employment has opened applications for the post of caregivers in Israel. This gives Nepali workers opportunity in Israel's exclusive labor market.The department released the information today and opened the application for caregiver in Israel. For this, you have to go to the website of the department and apply…

A memorandum of understanding has been signed for the purpose of issuing survey permission for the Lower Arun Hydropower Project. A Memorandum of Understanding (MoU) was signed today between the Government of Nepal, Office of The Investment Board, Nepal and SJVN Limited India for the purpose of issuing survey permission for the proposed 679 MW…

Railway service agreement between Nepal and India has been amended. Nepal-India LOE (Letter of Exchange) has been concluded for the amendment of the Railway Services Agreement.Nepal and India had signed the amendment to the Nepal-India Railway Service Agreement on June 28 and India on June 29.The agreement was signed by Commerce and…

Mobile phones that have entered Nepal without IMEI number registration will not be banned starting from Shrawan 1, 2078(16 July 2021).Nepal Telecommunication Authority (NTA) has stated that mobile phones bought in the gray market illegally and any mobile sets brought by relatives from abroad will be given extra time throughout the month of…