World Bank Urges Developing Countries to Accelerate AI Adoption
The World Bank has called on governments in low- and middle-income countries to rapidly embrace artificial intelligence (AI), warning that...
Government Approves Revised Salary Structure for Civil Servants
The government has officially approved a revised salary structure for civil servants, implementing the pay raise and incentive package announced...
Domestic Airfares Rise After Aviation Fuel Price Hike
Domestic air travel in Nepal has become more expensive after the Nepal Oil Corporation (NOC) increased the price of aviation...
Finance Minister Calls for Stronger, More Accountable Nepal Rastra Bank Through Legal Reforms
Finance Minister Dr. Swarnim Wagle has stressed the need to amend the Nepal Rastra Bank (NRB) Act to make the...
Nepal Launches Taxpayer Reward Portal, Offers Cash Prizes for Demanding VAT Bills
The Inland Revenue Department (IRD) has launched its long-awaited taxpayer incentive portal, allowing consumers to upload purchase bills for a...
Policy Uncertainty Weighs on Nepal’s Economy, NRB Study Finds
Growing economic and policy uncertainty is slowing Nepal’s economy by weakening investment, credit expansion and market confidence, according to a...
Nepal Insurance Authority Plans Separate Insurance Premium Guidelines for Electric Vehicles
The Nepal Insurance Authority (NIA) has begun drafting new guidelines to introduce separate insurance premium structures for electric vehicles (EVs)...
NOC Begins Direct LPG Sales in Kathmandu Amid Supply Shortage Complaints
The Nepal Oil Corporation (NOC) has started selling liquefied petroleum gas (LPG) directly from its Teku office in Kathmandu in...
Finance Minister Announces ‘Response Desk’ to Address Private Sector Concerns
Finance Minister Dr. Swarnim Wagle has announced that the Ministry of Finance will establish a dedicated ‘Response Desk’ to promptly...
Banks Burdened by Rising Bad Loans as Unsold Collateral Tops Rs 46.8 Billion
Nepal's commercial banks are facing mounting pressure from rising bad loans as borrowers struggle to repay debt and auctioned collateral...
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