The US government has cancelled $39 million in aid allocated for Nepal’s federalism and biodiversity conservation projects. The funding included $20 million for fiscal federalism and $19 million for biodiversity conservation, the US Department of Government Efficiency said in a post on X. US taxpayer dollars were going to be spent on the following items, all […]
Read MoreThe Nepal Stock Exchange (NEPSE) saw a modest increase today (Wednesday), rising by 1.86 points (0.06%) to settle at 2,685.73, following a previous gain of 6.54 points. The trading session began at 2,687.17, with the index fluctuating between a peak of 2,697.41 and a low of 2,679.78. Total turnover for the day amounted to Rs. […]
Read MoreThe country has received Rs 763.08 billion in remittances during the first half of the current fiscal year, according to the Ministry of Finance. In its mid-term review report, the Ministry noted that remittance inflows grew by 4.1 percent compared to the same period last year. However, remittance inflows had increased by 22.2 percent during […]
Read MoreNepal’s soyabean oil exports to India have seen an astonishing 45-fold increase in the first half of the current fiscal year, even though Nepal produces very little soyabean itself. Experts say the dramatic rise is driven by traders cashing in on tariff loopholes in neighbouring India, a recurring pattern in Nepal’s trade. According to the […]
Read MoreNepal experienced 242 forest fire incidents between December 3, 2024 (17 Mangsir, 2081), and February 5, 2025 (22 Magh, 2081), shows satellite imagery from the US National Aeronautics and Space Administration (NASA). Most of these fires erupted within the mid-hills and high Himalayan regions. Providing more details, National Disaster Risk Reduction and Management Deputy Secretary […]
Read MoreIndia remains Nepal’s largest source of foreign tourists in January, but the number of visitors from the country saw a slight decline in the month, according to official data released on Monday. Of nearly 80,000 foreign tourists who visited Nepal last month, 20,485 were Indians, the Nepal Tourism Board (NTB) said. This marks a 15.1 […]
Read MoreThe Budhi Gandaki Hydropower Project is a flagship National Pride Project of Nepal. It remains in limbo despite decades of planning and significant financial investment. With a planned capacity of 1,200 MW, the reservoir-type project is strategically located on the border of Gorkha and Dhading districts. While the government had spent over Rs 45 billion […]
Read MorePrime Minister KP Sharma Oli has extended hearty best wishes to President Xi Jinping and the people of the People’s Republic of China on the occasion of the Chinese New Year 2025. “May the Year of the Snake—symbolizing wisdom, resilience and renewal—deepen Nepal and China’s enduring friendship, inspiring greater cooperation for shared progress, prosperity and […]
Read MoreHuawei is set to build a NPR 484 million ($3.5m) data center for Nepal Telecom. The pair signed a Letter of Intent for a primary data center in Kathmandu, Nepal, and a disaster recovery center located 265km away in Bhairahawa. The Chinese tech giant will be responsible for the data center’s physical infrastructure. A spokesman […]
Read MoreAfter the April 2015 earthquake in Nepal, India committed USD 250 million in grant assistance for post-earthquake reconstruction in Nepal, the Embassy of India in Kathmandu said on Monday. “The grant was allocated in 4 different sectors – Housing (100 mn), Education (50 mn), Health (50 mn) and Cultural Heritage (50 mn). A JPMC (Joint […]
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