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Commerce and Economy

Japanese support for School Sector Development Program

By Our Reporter Japan has extended grant assistance of two hundred eighty million Nepalese to Nepal for the School Sector Development Program (SSDP). Japanese ambassador Masashi Ogawa and secretary at the Finance Ministry Shanta Raj Subedi signed notes to this effect  at the Ministry of Finance on 15 August. Another …

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Ncell loan amount increased for flood victims

ncell-axiate-company-logo

In the wake of the recent floods, Ncell had increased its loan amount to help its customers contact their loved ones in the flood-affected areas of the country. It had also announced to provide balance transfer free of cost. Ncell customers were able to use the loan amount of Rs …

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NOC officials are likely to be in the soup

Gopal Khadka

By Our Reporter The Nepal Oil Corporation and its boss Gopla Khadka are now in the soup after the media exposed their irregularities amounting to  Rs 670 million  in the procurement of  pieces of land  in Rupandehi, Chitwan, Sarlahi and Jhapa districts for Rs 1.61 billion. The corrupt officials have …

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WB is likely to scrap solar project

By Our Reporter  Nepal is likely to lose 37 million dollar solar plant project funded by the World Bank due to corrupt officials at the Nepal Electricity Authority and a decision of the parliamentary committee to instruct the NEA to scrap the deal with contractor. The project which should have …

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Gorkhaland faces humanitarian crisis due to blockade

gorkhaland

By Our Reporter The Indian government that has been using blockade as a tool to bring its tiny neighbours to their knees has imposed the inhuman blockade against its own citizens in Darjeeling and Sikkim. When the people of Darjeeling and the surrounding areas launched a movement by calling indefinite …

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MoU signed between UNDP and Chaudhary Foundation

manisha

Chaudhary Foundation and UNDP Nepal have signed a Memorandum of Understanding (MoU) with an objective of meeting the Sustainable Development Goals (SDG). Renaud Meyer, country director of UNDP Nepal, and Nirvana Chaudhary, director of Chaudhary Foundation, signed the MoU in this regard on Saturday. The SDGs are a universal call …

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Manisha Koirala the new Brand Ambassador of NIC ASIA Bank

manisha

NIC Asia Bank has appointed actress and social worker Manisha Koirala as the brand ambassador of the bank. Koirala, an actress of Nepali origin who mainly appears in Bollywood and South Indian movies, is the recipient of several accolades, including four Filmfare Awards, and is one of India’s most well-known …

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Ncell has fully cleared its tax liability

ncell-axiate-company-logo

In relation to decision of Nepal Rastra Bank to restrict Axiata from repatriating its dividend until issue of capital gains tax related to Ncell deal is settled, Malaysian telecom giant Axiata and owner of Ncell on Thursday issued a statement saying the Large Taxpayers’ Office of Nepal has already confirmed …

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Sunrise Pays Accidental Insurance

Sunrise Bank has paid compensation to a depositor under the bank’s ‘depositor’s accident insurance arrangement’ scheme. The bank handed Rs 5,00,000 to the next-in-kin of Hari Timsina, an account holder of the bank who died in a road accident. Pramod Kumar Das, manager of Surunga branch of the bank, handed …

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NIBL acquires ACE

Nepal Investment Bank Ltd. (NIBL) has started a joint operation after the acquisition of Ace Development Bank (ACE) from Thursday. After acquiring the Ace Development Bank, the total paid-up capital of NIBL has reached to 9.24 billion which is highest among others private sector commercial banks. The Management Committee and …

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