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Current News

China to investment in infrastructural development bank

By Our Reporter The government has approved a proposal to form an infrastructure development bank under Chinese investment. A cabinet meeting recently had agreed in principle to form such a mega bank under Chinese investment, which will have paid-up capital of Rs 100 billion. Following the Cabinet’s decision, the Ministry …

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Gen. Bharat Keshar Simha passes away

By Our Reporter Chairman of World Hindu Federation International and former Major General of Nepal Army Bharat Keshar Singh passed away on Sunday while undergoing treatment at Bayodha Hospital. He was 85. He was admitted to the hospital after cardiac arrest three weeks back. He was cremated at Pashupati Aryghat …

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Autocracy, media and dollar farming

Kathmandu, 25 July: Westerners have started to spread propaganda by using local media that the present KP Sharma Oli led government has performed autocracy in Nepal, reports Sanghu vernacular weekly. At a time when the main opposition party Nepali Congress is seen weak, the westerners have decided to use media …

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Israeli “Wheelchairs of Hope” donated to children with disabilities

By Our Reporter This year Israel celebrates its 70 years of Independence and 60 Years of the Establishment of MASHAV (Israel’s agency for International Development Cooperation, Ministry of Foreign Affairs, Jerusalem). MASHAV is assisting Nepal since the establishment of diplomatic relations in 1960, through development cooperation, particularly in the capacity …

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Fourth bilateral consultation mechanism meet with Korea held

By Our Reporter The fourth meeting of Bilateral Consultation Mechanism between Nepal and the Republic of Korea (RoK) was held at the Ministry of Foreign Affairs of RoK last week. Joint Secretary of the North East Asia Division at the Ministry of Foreign Affairs of Nepal Ganesh Prasad Dhakal and …

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Japan ready to invest in Nepal

Kathmandu, 24 July: Nepali Congress  leader Ram Chandra Poudel and Japanese Ambassador to Nepal Masamichi Saigo held discussion today. During the meeting held at Poudel residence at Balaju, they discussed the relations between the two countries, said Poudel’s personal secretary, Chiranjibi Adhikari. On the occasion, the Japanese Ambassador said that Japan …

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Mega Bank enters 9th year

Kathmandu, 24 July:Mega Bank Nepal Ltd has entered into 9th year of operation. On the occasion of its anniversary celebration on Monday in the capital, bank Chairman Bhoj Bahadur Shah said that the bank has become second largest bank of the country by paid-up capital and added that the bank …

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Nepal’s diplomatic reach to 161 countries

Kathmandu, 22 July:Nepal and Rwanda have established formal bilateral diplomatic relations today. With this, the number of countries with which Nepal has diplomatic ties has reached 161. Ambassador Mr Durga Prasad Bhattarai, Permanent Representative of Nepal to the United Nations, and Ambassador Mrs Valentine Rugwabiza, Permanent Representative of Rwanda to …

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Nepal-China consultation meeting

Kathmandu, 22 July:The third Nepal-China consultation meeting has been scheduled for July 30-31 in Kathmandu to give a final shape to the draft of Nepal-China transit and transport agreement. The Ministry of Foreign Affairs said the date has been proposed before Chinese side to hold the meeting to finalise the …

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NIBL bags Best Bank award

Kathmandu, 21 July: Nepal Investment Bank Ltd (NIBL) has won the award of ‘Nepal’s Best Bank’ from Euromoney magazine’s Awards for Excellence 2018, one of the most significant accolades in financial services. Euromoney, first published in 1969, is an English-language monthly magazine focused on business and finance. It is the …

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