ECONOMY
Govt treasury depletes sharply, reserve fund hits Rs 116.93 billion deficit
Govt treasury depletes sharply, reserve fund hits Rs 116.93...
The records with the Office of the Auditor General (OAG) show that the cumulative reserve balance of all three levels of government stood at a negative of Rs 116.93 billion in the last FY.
Jan 10, 2025
ECONOMY
National ID Card made mandatory to open bank accounts from January 14
National ID Card made mandatory to open bank accounts from J...
Enforcing an amended unified directive on Thursday, the central bank has asked the banks and financial institutions (BFIs) to consider the National ID while opening bank accounts.
Jan 10, 2025
SOCIETY
Kaski District Court orders to free Lamichhane on Rs 6.5 million bail
Kaski District Court orders to free Lamichhane on Rs 6.5 mil...
Following the conclusion of closing arguments before the single bench of Judge Nitij Rai on Thursday, the court determined the bail amount which Lamichhane paid by Thursday night, setting him free after 84 days of judicial custody.
Jan 10, 2025
POLITICS
Lamichhane paid Rs. 7.5 million through Suryadarshan cooperative: Lawmaker Thapa
Lamichhane paid Rs. 7.5 million through Suryadarshan coopera...
Sharing an excerpt from the full text of the Kaski District Court’s ‘release on bail’ order against Lamichhane and others defendants on Facebook, lawmaker Thapa wrote, “It has been revealed that Rabi Lamichhane initially paid Rs 7.5 million from the cooperative's money for hi...
Jan 09, 2025
SOCIETY
Singapore’s passport world’s most powerful, Nepal's ranked 101st
Singapore’s passport world’s most powerful, Nepal's ranked 1...
Nepal’s passport ranks 101st in the latest Henley Passport Index for the first half of 2025, granting its holders visa-free access to only 39 countries.
Jan 09, 2025
POLITICS
Rabi Lamichhane released on bail in Suryadarshan cooperative fraud case
Rabi Lamichhane released on bail in Suryadarshan cooperative...
Lamichhane was released around 8:30 pm following a delay in processing the bail guarantee. He was handed over to his wife, Nikita Poudel, and party representatives after a health check, according to Kaski Police Spokesperson DSP Basanta Kumar Sharma.
Jan 09, 2025
Market
Nepal Investment Mega Bank secures green climate fund accreditation
Nepal Investment Mega Bank secures green climate fund accred...
The accreditation, under the medium-size category, enables NIMB to manage climate projects ranging from USD 50 million to USD 250 million, marking a significant leap for Nepal's private sector in global climate finance.
Jan 09, 2025
SOCIETY
Education ministry to provide treatment cost discounts for teachers
Education ministry to provide treatment cost discounts for t...
The Ministry of Education, Science, and Technology (MoEST) is working to provide treatment cost discounts for teachers. While civil servants have been receiving these discounts, teachers have been deprived of this facility.
Jan 09, 2025
SOCIETY
Koshi province govt to hold investment summit in May
Koshi province govt to hold investment summit in May
A cabinet meeting chaired by Chief Minister Hikmat Kumar Karki at the Chief Minister and Council of Ministers' Office in Biratnagar on Thursday decided to organize the conference from May 1 to 2, 2025.
Jan 09, 2025
ECONOMY
NRB analyzing liquidity situation of four development banks and two finance companies
NRB analyzing liquidity situation of four development banks...
The central bank is analyzing the liquidity of Saptakoshi Development Bank, Excel Development Bank, Narayani Development Bank, and Sindhu Bikas Bank, as well as Janaki Finance and Pokhara Finance.
Jan 09, 2025