Economy

Economy

Nepal Government to Offer Interest Subsidy for Teachers’ Cars

In a move aimed at enhancing the mobility and professional convenience of educators across the nation, the government of Nepal has announced plans to introduce a specialized interest relief program. This initiative, currently being drafted within the Ministry of Education, is designed to make vehicle ownership more accessible for...

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Economy

Nearly 500 Containers Stranded at Korala Border

A severe logistics crisis has unfolded along the strategic northern trade corridor connecting Nepal and China, where approximately five hundred freight containers remain stranded in the high-altitude terrain of Mustang district. The blockage spans a significant stretch of highway stretching from Lete all the way up to the Korala border...

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Economy

500 Containers Stranded Near Korala Border

A major logistics and trade crisis is unfolding in the mountainous Mustang district of Nepal. Nearly 500 cargo containers are currently stranded in long queues stretching from Lete all the way to the Korala border crossing. This critical trans-Himalayan trade route, which links Nepal with China, has been rendered completely impassable,...

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Economy

Deep Chandra Regmi Appointed DCEO of Global IME Bank

The banking sector in Nepal is witnessing a significant leadership transition as Global IME Bank Limited officially announces the promotion of Deep Chandra Regmi to the position of Deputy Chief Executive Officer (DCEO). This strategic appointment, finalized during the recent board of directors meeting, marks a pivotal moment for one of...

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Economy

Deep Chandra Regmi Appointed DCEO of Global IME Bank

In a significant executive leadership transition within Nepal’s commercial banking landscape, Global IME Bank Limited has officially promoted Deep Chandra Regmi to the position of Deputy Chief Executive Officer (DCEO). The decision was finalized during a formal meeting of the bank’s Board of Directors held on Tuesday,...

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Economy

Career Udan: Empowering Nepal’s Youth Through Shark Samvad

The landscape of professional development and entrepreneurship in Nepal is undergoing a significant transformation. Recently, the Ministry of Youth, Labour and Employment organized a landmark event in Itahari as part of the broader Skill and Employment Fair 2083. A standout highlight of this initiative was the “Career Udan: Shark...

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Economy

Nepal Insurance Authority Launches Automated Surveyor System

The insurance landscape in Nepal is undergoing a significant digital transformation. In a move aimed at enhancing transparency, reducing manual delays, and ensuring fair assessments, the Nepal Insurance Authority (NIA) has officially launched a trial for its new ‘Automated Surveyor Deputation System.’ This technological leap...

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Economy

Nepal Insurance Authority Launches Automated Surveyor System

The landscape of insurance claim processing in Nepal is undergoing a significant digital transformation. The Nepal Insurance Authority (NIA) has officially initiated the testing phase of an innovative ‘Automated Surveyor Deputation System.’ This move is designed to modernize the way loss adjusters and surveyors are assigned...

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Economy

Nepal-China Border Trade Stalls Ahead of Dashain

The grand festival of Dashain is traditionally a period of heightened economic activity across Nepal. During this festive season, consumer demand reaches its annual peak as households purchase new clothing, upgrade domestic electronics, and stock up on various festive goods. However, this year's pre-festive commercial momentum is...

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Economy

Uber Donates NPR 5 Million to Nepal Flood Relief Efforts

In a significant show of corporate social responsibility, global mobility giant Uber has announced a generous contribution of NPR 5 million to support flood-affected communities across Nepal. This financial commitment comes at a critical time as the nation grapples with the aftermath of severe flooding, which has left many families in...

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