Nepal’s central bank bans use of unregistered foreign digital payment systems

KATHMANDU, May 22 (Xinhua) — Nepal’s central bank has banned the foreign digital payment systems as they are not registered in Nepal. By issuing a notice on Monday, the Nepal Rastra Bank (NRB) barred the use of these payment systems stating that their use resulted in the Himalayan country losing foreign income and as well as Nepali government losing taxes from the service transactions inside the country. Use of any QR Code, POS Machine related to foreign payment system...

Nepal Announces 30-day Employment for Unemployed

Kathmandu,May 15 : In a move extending job opportunities to unemployed locals, the Nepal Government has announced a special 30-day employment program. The program is expected to cover around 106, 872 unemployed Nepalis waiting for job opportunities across the local units. The government has allotted a total of NPR 2.36 billion budget for this program. In this regard, each local government body has already received a minimum NPR 500,000-10 million for job creation to all the unemployed locals. Now,...

Korea Fair Trade organized in Nepal

Kathmandu,May 14 : The Korea International Cooperation Agency (KOICA), KOICA Alumni Association of Nepal (KAAN) and Beautiful Coffee Nepal (fair trade related KOICA supported NGO) has organized a joint program to memorize 2019 World Fair Trade day on May 13, 2019(Monday) at Beautiful Coffee Nepal, Sanepa. The major objective of the program is to strengthen partnership between KOICA Alumni members and Fair Trade related NGOs on the occasion of celebrating World Fair Trade Day. The program provided an opportunity...

Trade war: Trump Says US-China Relations Remain ‘Very Strong’

Kathmandu,May 12 : President Donald Trump says US-China relations remain “very strong” despite the two countries being embroiled in a trade war. Mr Trump said talks between Washington and Beijing will continue even after a deadline passed on Friday for them to reach an agreement. As a result the US raised tariffs to 25% from 10% on goods from China. China says it “deeply regrets” the US action and would have to take “necessary counter-measures”. However Beijing also confirmed...

Xiaomi Launches Redmi Y3 With 32MP Selfie Camera Now In Nepal

Kathmandu,May 10 : Xiaomi, global technology leader, today announced the 32MP selfie camera-equipped Redmi Y3 in Nepal, which brings the Kryo architecture to the Redmi Y series for the first time ever. Speaking on the occasion, Sourabh Kothari, Country General Manager – Nepal, Xiaomi, said, “We’re excited to offer our all-new Redmi Y3 which redefines the selfie experience for our Mi Fans with its 32MP super selfie camera. Embodying the stunning Aura Prism design, Redmi Y3 is a significant...

Tatopani customs point to resume soon

Kathmandu, May 10 Tatopani customs point in Sindupalchowk will open from May 20, government officials say. The customs point between Nepal and China was out of operation after the area suffered heavy damage during the 2015 Gorkha Earthquake. According to Customs Office chief Krishna Basnet, the Chinese team will hand over the dry port to Nepal on May 20. “All customs related work will be done from here after the handover is complete,” shares Basnet. The international standard dry...

IMPACTS OF DAM Fish Under Threat

Kathmandu,May 5 : Mai Khola of Ilam and Modi Khola of Parbat, Marsyangdi and Daraudi of Lamjung are examples of how the construction of casket hydropower dams are destroying aquatic life and fisheries. With virtually no fish ladders and other such safeguards, fishes are disappearing from many rivers. As Nepal’s demand for energy is growing, the exploitation of water resources for energy generation is natural but, on its flip side, aquatic life is coming under threat. However, there is...

Nepal’s Trade Union Organizations To Celebrate May Day 2019

Kathmandu,May 01 : This year’s International May Day is special and historic all over the world including in Nepal as this is an year of The ILO Centenary. Nepalese Trade Union Organizations are also preparing to celebrate both. International Labour Day 2019 will be celebrated by the workers all over Nepal at Wednesday. International Labor Day theme 2019 is “Sustainable Pension for all: The Role of Social Partners”. Similarly, the government has announced May 1 as a public holiday....

The World Bank To Support Scaling Up Renewable Energy Options In Nepal

Kathmandu,April 22 : The Government of Nepal (GoN) and the World Bank signed an agreement today to scale up renewable energy options in selected regions of Nepal in partnership with private sector. The agreement was signed Shreekrishna Nepal, Joint Secretary, Ministry of Finance on behalf of the Government of Nepal and Bigyan Pradhan, Acting Country Manager on behalf of the World Bank. Total of USD 17.21 million will be spent during four-year period of the Private Sector-Led Mini-Grid Energy...

Minister Pun Calls Czech Businessmen To Invest In Nepal

Kathmandu,April 07 : Czech Ambassador to Nepal Milan Hovorka said that Czech Republic wants to invest in Nepal’s hydropower sector. In a discussion with the minister of Energy, Water Resource and Irrigation Barsha Man Pun at Singhdurbar, ambassador Hovorka said that some Czech companies are interested to invest in solar and hydropower sector given Nepal government creates conducive environment for investment. Ambassador Hovorka also said that there Czech Republic also wants to collaborate with Nepal in irrigation and modern...

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