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Monthly Archives: December 2016

NIC Asia interbank payment through internet banking

NIC Asia on Friday said that its clients will directly get to transfer funds to other accounts in other financial institutions using its internet banking services. Issuing a statement, the bank said, in collaboration with Nepal Clearing House Ltd (NCHL), it launched the Interbank Payment System (IPS) direct service through …

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China grants Rs 15.80 billion for reconstruction

The Chinese government has provided nearly Rs 16 billion for the post-quake reconstruction activities in Nepal. Spokesperson of the government and Minister for Information and Communications Surendra Kumar Karki shared this information adding that the Cabinet meeting on Sunday decided to accept the grants worth Rs 15.80 billion provided by …

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China to provide IPS Service in Nepal

Indian monopoly in internet bandwidth on Nepal has finally ended with the signing of MoU between Nepal Telecom (NT), the state-owned telecommunication service provider and China Telecom Global Limited (CTG). It is the first time that the country signed an agreement with third country in order to deliver IP service …

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Siddhartha Development Bank celebrating its 17th AGM

The 17th annual general meeting (AGM) of Siddhartha Development Bank Ltd (SDBL) held in Kathmandu on Friday approved a proposal by its board of directors to distribute 24 percent bonus shares from profits earned during Fiscal Year 2015/16. Issuing a statement, the bank said its AGM also approved a proposal …

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Samsung Smartphone Café reopens in New Road

IMS-SMart, which has 21 Samsung Authorized exclusive showrooms across Nepal, said it had re-opened its Samsung Smartphone Café at Pako, New Road, in Kathmandu, on Thursday. “The showroom was renovated to keep up with the latest infrastructure to provide world class shopping experience,” IMS said in a statement. The shop …

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ADB to grant $20m to encourage investment in solar projects

The Asian Development Bank (ADB) on Thursday announced a $20-million grant aimed at triggering increased private sector interest and investment in utility-scale solar projects in Nepal. The funds are expected to support the deployment of no less than 25 MW of solar power generation capacity by 2018 and provide a …

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Football match to mark 16 days of VAW

A friendly football match ‘Kick against violence,’ was organized on Saturday at the premises of Sarswoti Madhyamik Vidhyalaya(SMV) in Lele to mark the 16 Days of Violence Against Women (VAW). The program was jointly organized by UN Women Nepal, Skillshare Nepal and the CG Education. “In Nepal, football is seen …

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NAFS to be held in DC

Nepal-America Film Society (NAFS) has announced the first Nepal-America International Film Festival 2017 (NAIFF) which will take place from May 5-7, 2017 in Washington DC metro area. The festival will be showcasing feature films, documentaries, animation, experimental, and short films. The festival aims to bridge Nepali and American culture through …

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