CDC adds 7 destinations to 'very high' Covid-19 travel risk list, including Puerto Rico and Switzerland

Switzerland and Puerto Rico are now among the highest-risk destinations for travellers, according to the US Centers for Disease Control and Prevention's regularly updated travel advisories list.

Ryanair predicts rapid rebound in airline travel

Ryanair is expecting a "very strong recovery" in European short-haul flights, according to its chief executive, Michael O'Leary.

Traffic resumes on Helambu highway

The Helambu highway has become operational after two days since it was blocked. The roadway was blocked due to landslides and floods triggered by incessant rain.

Colombo - Kathmandu direct flight launched   

The Sri Lankan Airlines has launched a direct flight from Sri Lanka to Nepal today. An aircraft –'A' 320 of Sri Lankan Airlines that took off from Colombo landed at Tribhuvan International Airport, Kathmandu, at 10:24 am.

Briquette from worn-out, unusable bank notes  

Nepal Rastra Bank (NRB) has brought the technology of making briquette from the torn, worn-out, soiled and trashed banknotes.    

Sunkoshi-III Hydro Power Project affected by COVID-19

The work of the proposed Sunkoshi Hydro Power Project III, situated at the border of Kavrepalanchowk and Ramechhap districts, has been severely affected owing to the risk of COVID-19 infection.

Kathmandu-Sri Lanka direct flight begins today

Sri Lankan Airlines is launching a direct flight from Kathmandu to Sri Lanka from today.

Pandemic lowers air passenger numbers in 2020

The number of air passengers declined significantly in the fiscal year 2020/21 because of the COVID-19 pandemic. According to the annual progress report of the Civil Aviation Authority of Nepal (CAAN), the number of passengers in international flights dropped by 73.27 per cent and the number of passengers in domestic flights fell by 59.46 per cent in the last fiscal year.

Kakarbhitta custom point records Rs 35 billion trade loss   

The foreign trade via Kakarbhitta, eastern custom point in Jhapa district, recorded a huge trade loss. In the last fiscal year, the custom office recorded the loss of over Rs 35 billion.    

Vietnam lockdown adds to global coffee supply concerns

Vietnam has added to concerns over global supplies of coffee as the South East Asian country's biggest city remains in lockdown.

COVID-19 crisis: CAAN hit by significant fall in revenue collections

The Civil Aviation Authority of Nepal (CAAN)’s revenue collection in the past two years dropped significantly due to the COVID-19 crisis.    

‘WEC should be assigned regulatory role’

Minister for Energy, Water Resources and Irrigation Pampha Bhusal has said that the Water and Energy Commission should be developed as a regulatory body for the study and research of water resources.

Shivam Cement yet to pay electricity tariff worth Rs 2.3 billion

Shivam Cement Limited has yet to pay an electricity tariff worth Rs 2.3 billion, said the Nepal Electricity Authority.  

Government urged to give high priority to SDGs  

The National Assembly, Sustainable Development and Good Governance Committee has directed the government to give high priority to the Sustainable Development Goals (SDGs) and carry out works accordingly. 

Normal rise in Foreign Investment

The Nepal Rastra Bank (NRB) report on the Current Macroeconomic and Financial Situation of Nepal in the fiscal year (FY) 2020/21 has revealed that the increase in foreign investment rose by 1.2 per cent.

Mules being used to transport food to Upper Manang

Food shortage has been reported in Upper Manang due to obstruction in transportation caused by floods and landslides triggered by late monsoon rain. The problem has worsened after the Bensishahar-Chame-Manang road section was damaged due to floods and landslides in mid-June.  

Banks given right to evaluate customers: NRB

Governor of the Nepal Rastra Bank Maha Prasad Adhikari has said that it is impossible to reach every entrepreneur or borrower across the country with the limited resources. There will always be limitations even if the economy grows exponentially so eligible entrepreneurs or individuals will obtain loan from the banks and financial institutions (BFIs), he said while speaking at a discussion on the Monetary Policy for the current Fiscal Year 2021/22 organised by Nepalese Association of Financial Journalists...

50 % reserved for project affected residents, employees

The 52.2-Megawatts (MW) Likhu-4 Hydropower Project, under construction on the border river Likhu of Okhaldhunga and Ramechhap districts, is issuing 625 million shares. Of this, 50 per cent is reserved for residents of the affected areas and staff of the hydropower company while the remaining 50 per cent will be available to the general public.

Likhu-4 Hydropower issuing IPO

The 52.2-Megawatts (MW) Likhu-4 Hydropower Project, under construction on the border river Likhu of Okhaldhunga and Ramechhap districts, is issuing 625 million shares.

Rural Saptari farmers drawn to jute cultivation

Lately, farmers in various rural areas of Saptari district, especially in the southern and eastern parts, are cultivating jute as a cash crop. Jute sack and twine, colloquially called "patuwa", are made from jute.