Corporate Finance
Nepal and India establish a business agreement for four petroleum projects.
Nepal has signed a business-to-business agreement with India to build petroleum projects amid environmentalists' calls for a cessation of fossil fuel pipeline investments.
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Heavy rains cause an estimated Rs17 billion loss on Nepal
Heavy rainfall last week caused floods and landslides in Nepal, causing an estimated Rs17 billion in economic losses, according to the government's preliminary report.
Dashain commodities stuck at the Chinese and Indian borders
Floods and landslides have obstructed key highways, limiting the chances of consignments arriving in Kathmandu for the festival.
Under an agreement between NOC and IOC, India would construct a 15 billion dollar petroleum pipeline.
Indian government plans to construct a 15 billion rupee petroleum pipeline from Siliguri to Nepal and Amlekhganj to Lothar, in an agreement signed between NOC and IOC.
After 21 years, Pashupatinath's property, which was leased for the sum of kaudi, was returned.
Lord Pashupatinath's Pashupati Gaushala Dharamshala has been returned after 21 years due to an annulment of an agreement between the Pashupati Area Development Fund and Marwari Service Committee.
The flood victims in Nepal received $100,000 US dollars from the Chinese Red Cross.
China's ambassador to Nepal, Chen Song, has donated 100,000 US dollars to the Chinese Red Cross Society for disaster assistance.
In nine months, how many more foreign visitors—eight million more—entered each month?
From January to September 2024, Nepal attracted over eight lakh foreign tourists, according to the Nepal Tourism Board's statistics.
The beginning of the electricity generation endeavor from Upper Tamakoshi results in a daily income loss of 4 crore.
Initiatives are underway to commence electricity generation from Upper Tamakoshi, the largest hydroelectric plant with 456 megawatts.
According to World Bank projections, Nepal's economic growth rate will accelerate.
The World Bank predicts a 5.1% economic growth rate in 2023, driven by increased tourist arrivals, hydropower, and rice production.
The Home Minister Author has directed all systems to be on full alert.
Home Minister Ramesh Alkahar has urged security agencies, disaster management authorities, and local authorities to be on high alert due to predicted heavy rains in Koshi and Bagmati provinces.
Asset laundering regulations should be strictly enforced by banks, and information about actual account holders should be collected.
Nepal Rastra Bank has streamlined measures to prevent money laundering and terrorist investment in financial institutions, enhancing risk-based policies, procedures, and action plans.
Sukila Note Sathi did not exhibit any excitement; on the first day, just roughly 2 crores were made.
Nepal Rastra Bank has arranged for Sukila notes for Dussehra, as the Department of Currency Management reports low circulation on the first day due to previous queues.
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