The government has announced plans to ensure greater participation of the private sector in electricity generation, transmission, distribution, and energy trade as part of its broader strategy to strengthen the country’s energy economy. According to the new policies and programmes, the government aims to create a more investment-friendly environment to attract domestic and international investors into Nepal’s rapidly growing power sector.
Chairperson of the Nepal Insurance Authority (NIA) Chandrakala Paudel said that policy reforms related to insurance, along with the protection of policyholders’ interests, timely settlement of claims, and the delivery of quality services, should be prioritised to promote development and to expand the reach of insurance. Speaking at the 58th anniversary of the NIA held in Lalitpur on Friday, she said that in the days ahead, the Authority would move forward sustainably by addressing shortcomings at the policy level while prioritising the protection of policyholders’ interests.
Nepal Rastra Bank has announced that it will review the existing provision related to providing a Standing Deposit Facility (SDF) to banks and financial institutions. The central bank adopted this policy measure while unveiling the third-quarter review of the monetary policy for the current fiscal year 2025/26 in order to make the interest rate corridor more effective. The central bank said that the existing policy measures related to the interest rate corridor, bank rate, cash reserve ratio (CRR), and statutory liquidity ratio (SLR) will remain unchanged. NRB said that the continuation of the accommodative monetary policy stance is aimed at supporting econ
Sanjay Darnal of Biratnagar lives with a disability caused by spinal cord paralysis. As a resident of Biratnagar, he was compelled to seek ways to earn a daily livelihood. For the past 16 years, Darnal’s daily routine was to cross the border to the Indian market of Jogbani and transporting goods on a tricycle to sell in shops in Biratnagar. By bringing food items and other goods according to demand, he earned up to Rs. 1,000 a day. However, for persons with physical disabilities, physical limitations posed an equally significant challenge. Moreover, bringing goods across the border was not an easy task, and the government was not willing to allow such activities indefinitely.
More than 13,500 domestic and foreign tourists have visited the Rara Lake, one of the famous tourist destinations of Karnali Province, over the past nine months. With the start of the travel season to Rara, the number of domestic tourists has also increased in recent days. According to the office of Rara National Park, a total of 13,545 domestic and foreign tourists visited Rara during the last nine months.
The Office of the Auditor General (OAG) has advised various universities, including Tribhuvan University to ensure the retrieval of encroached land, protect such properties and utilize them for income-generating activities.
The government’s capital expenditure has remained below 30 per cent even with two months left before the end of the current fiscal year. According to the Office of the Financial Com
The cold storage facility under construction in Rajbiraj Municipality-15 has been left abandoned for the past five years, and its equipment is now deteriorating. Even after five years since the contractor co
The route for climbing Mount Everest (Sagarmatha) has been fully prepared for the spring climbing season. The route from Everest Base Camp to Cam
After CEO Pande was arrested by the Central Bureau of Nepal Police over the Smart Telecom case three days back, Pande's spouse, Niru Dahal, had filed a petition a day later, arguing that he was held illegally.
On the last trading day of the week today, the price of gold and silver has decreased in the domestic market. Gold price has declined by Rs 4,000 per tola (11.66 grammes) and silver by Rs 355.
Deposits at Banks and Financial Institutions (BFIs) increased by 8.5 per cent (Rs. 615.67 billion) to reach Rs. 7,879.54 billion during the first nine month of the current fiscal year, according to the latest macroeconomic and financial report of Nepal Rastra Bank (NRB).