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Commerce and Economy

Global IME donates Rs 6.5m to flood victims

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Global IME Bank has contributed Rs6.5 million to the Prime Minister Disaster Relief Fund to provide aid to victims of the floods in the country’s southern Tarai belt. Chandra Prasad Dhakal, chairman of the bank, handed over a cheque to Prime Minister Sher Bahadur Deuba on Friday. Of the total …

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Citizens Bank provides Rs 1.1m to flood victims

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Citizens Bank International has decided to provide financial support of Rs 1.1 million to Prime Minister Disaster Relief Fund for the flood victims. Earlier during the devastating earthquake, the bank provided Rs 10 million to the fund. Moreover, the bank also started an account ‘001002562CA’ with a view to collect …

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Nepali gas dealers facing losses worth billions of rupees

By Our Reporter As the Indian authorities denied to give explosive proof certificates to the Nepali gas bullets manufactured in India, Nepali dealers are facing billions of rupees worth losses. After the economic blockade two years ago, the Nepali government had given permission to the Nepali petro-dealers to import gas-bullets …

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BIMSTEC foreign ministers visit Chandragiri Hills

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Foreign ministers participating in the 15th Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Ministerial Meeting on Friday made a visit to Chandragiri Hills for a short retreat. Issuing a statement, Chandragiri Hills Ltd said Deputy Prime Minister and Minister for Foreign Affairs, Krishna Bahadur Mahara; Foreign …

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Gautam new CEO of Siddhartha Bank

Siddhartha Bank Limited (SBL) has appointed Shambhu Nath Gautam as its new CEO. Issuing a statement, the commercial bank said that Gautam assumed new from Thursday. According to the statement, Gautam, with banking experience of 30 years, has been with SBL for last 15 years. He has been serving as …

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Samsung Galaxy J7 Pro now in Nepal

Samsung Nepal launched their most awaited mid-range smartphone— Samsung Galaxy J7 Pro on August 11 in the Nepali market for the price of Rs 32,990. The Galaxy J7 Pro comes in a sleek metal body and is available in Gold and Black colours. The smartphone flaunts a 5.5-inch FHD Super …

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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

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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

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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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