Korea’s Hyundai Company Start Car Assembling Plant In Nepal

Kathmandu, May 11: As Nepal and Korea is celebrating 50 years of establishment of diplomatic relations organizing various programs, the inaugural of Hundai Car Assembling Plant by Globally renowned Hyundai car is a historic milestone. Following inauguration by prime minister Pushpa Kamal Dahal Prachanda, the care are now going to…

05/11/2024

Rainbow tourism int’l conference kicks off

Kathmandu, Apr. 20: The first Rainbow Tourism International Conference has kicked off in the federal capital on Saturday. The two-day event is organized by the Mayako Pahichan Nepal. It is being held in collaboration with the Nepal Tourism Board in a bid to promote diversity and inclusivity in tourism industry.…

04/20/2024

‘India plant: Tesla to send team this month’: Financial Times report

Mumbai, Apr. 5: US electric car maker Tesla Motors will send a team to scout locations in India for a proposed $2-3 billion electric car plant this month, according to a report. “Tesla would send a team from the US by late April to study sites for the plant, focusing…

04/05/2024

India’s exports rise 11.9 % to USD 41.4 bn in Feb, highest in 11 months

New Delhi, Mar. 15: India recorded the highest monthly exports during the fiscal in February, registering an 11.9 per cent growth to USD 41.4 billion, mainly driven by increased shipments of engineering goods, electronic items and pharma products. According to the Indian Media, The trade deficit during February worked out…

03/15/2024

Nepal Rastra Bank Is To Issue Development Bonds Worth Rs. 8 Billion

Kathmandu, Mar. 10: Nepal Rastra Bank (NRB) is all set to issue development bonds worth Rs. 8 billion with a maturity period of eight years. The central bank is going to issue a development loan of Rs. 8 billion to the government to raise the required domestic debt. The bond…

03/10/2024

UPI is Now Accepted in Nepal

New Delhi, Mar. 9: The National Payments Corporation of India (NPCI) on Friday said that the Unified Payment Interface (UPI) is now live in Nepal. The NPCI International Payments Ltd (NIPL) and Fonepay Payment Service have signed a pact for cross-border transactions between India and Nepal. Both the entities are…

03/09/2024

World Bank Supports Fiscal And Growth Reforms And Better Provincial And Local Roads In Nepal

Washington, Mar. 1: The World Bank’s Board of Executive Directors on Thursday approved $200 million in new financing for two projects in Nepal to support the country’s transition toward Green, Resilient, and Inclusive Development (GRID) and help improve the development and maintenance of Nepal’s provincial and local road network. “The…

03/01/2024

Indian Economy Strong reforms over last 10 years lays foundation of solid growth over next decade: Jefferies

New Delhi, Feb. 22: Strong reform measures initiated by the Indian Prime Minister Narendra Modi-led government in the last ten years have laid the foundation of a solid economic growth in coming decades, Jefferies Equity Research outlook said. It also said that India would become the third largest economy by…

02/22/2024

Indian economy to be third largest by 2030: S&P Global

New Delhi, Dec. 6: Great news for the Indian economy! According to S&P Global Ratings, India is projected to become the world's third largest economy by 2030. The rating agency predicts that India's GDP growth will reach 7% in the fiscal year 2026-27. In its Global Credit Outlook 2024, S&P forecasts a…

12/06/2023

India allows export of 25,000 metric tons of sugar to Nepal

Kathmandu, Nov. 5:  India has agreed to provide 25,000 metric tons of sugar to Nepal before the Tihar festival. A few days ago, after the shortage of sugar in the market, the government asked India to provide sugar through fast track. Gajendra Prasad Thakur, spokesman and joint secretary of the…

11/05/2023

IndiGo posts Rs 189 crore profit in September quarter

New Delhi, Nov. 3: Indian largest Airline IndiGo on Friday reported a net profit of Rs 188.9 crore for the three months ended September as the country’s largest airline remained in the black for four straight quarters, boosted by higher traffic and increased capacity. InterGlobe Aviation, the parent of IndiGo,…

11/03/2023

Indian PM Modi to inaugurate India Mobile Congress on October 27

New Delhi, Oct. 26: Indian Prime Minister, Narendra Modi, is set to inaugurate the 7th Edition of the India Mobile Congress (IMC) 2023 at Bharat Mandapam, Pragati Maidan, New Delhi, on October 27th. During the event, Modi will unveil a groundbreaking initiative, awarding 100 ‘5G Use Case Labs’ to educational…

10/26/2023

India lifts ban on rice export, allows export of 95,000 tons of rice to Nepal

Kathmandu, Oct. 19: India has withdrawn its three-month long ban on rice exports to Nepal.  In a notice issued by India's Department of Commerce on Wednesday, it is mentioned that India will now export 95,000 tons of rice to Nepal. Such exports will be carried out through the National Co-operative…

10/19/2023

India permits Nepal to sell 44 MW electricity in India's real-time market

Kathmandu, Oct. 1: Nepal is now permitted to sell electricity in the Real Time Market of India's Energy Exchange (IX), with 44 megawatts to be exported. This marks the first time NEA has received such permission. The Nepal Electricity Authority (NEA), which previously sold electricity by bidding one day ahead,…

10/01/2023

Indian oil firms want their $600 million stuck in Russia to be used for payments to Moscow

New Delhi, Sept. 14: The over $600 million in dividend income that Indian oil corporations have stashed in Russia may be used to purchase oil from Russia. Indian Oil Corporation (IOC), a division of Bharat Petroleum Corporation Ltd, Oil India Ltd, and ONGC Videsh Ltd, India's main four oil producers,…

09/14/2023

Bhutan cuts daily tourist fee by half to lure more visitors

Kathmandu, Aug. 26: The Himalayan kingdom of Bhutan is to halve the $200 daily fee it charges tourists in an effort to boost a sector still struggling to recover a year after the end of COVID-19 restrictions. Bhutan raised its "Sustainable Development Fee" to $200 per visitor per night, from…

08/26/2023

India’s services PMI at 13-year high in July on strong demand

New Delhi, Aug. 3: India's leading services sector experienced substantial improvement in demand conditions in July, leading to notable increases in new business and output in over 13 years, said a private survey on Thursday.  According to the Indian Media, The Purchasing Managers' Index (PMI) survey's headline figure, conducted by…

08/03/2023

Report on Nepal-India digital transaction submitted to Governor

Kathmandu, June 4 :  A report on digital transaction between Nepal and India has been submitted to Nepal Rastra Bank (NRB) Governor, Maha Prasad Adhikari.      A team of the Economic Media Operators Association of Nepal (EMAN) prepared the report after conducting studies in various cities in India including the…

06/04/2023

Public transport fare reduced in Bagmati province

Kathmandu, May 25: The fare of public transportation has been reduced in Bagmati province. With the decrease in the price of diesel, the transportation   fare has also been adjusted in the province. Nepal Oil Corporation (NOC) has reduced the price of diesel by Rs 10 per liter to Rs…

05/25/2023

PHDCCI India-Nepal Centre Organised “India-Nepal Economic Partnership Summit

Kathmandu, May 19:  Nepal-India Chamber of Commerce & Industry (NICCI) and PHD Chamber of Commerce & Industry (PHDCCI) jointly organized the highly-anticipated "India-Nepal Economic Partnership Summit 2023" in Birgunj, Nepal. The event on Thursday aimed at establishing a platform for in-depth discussions on bilateral economic partnerships. Collaborating with Nepal SBI Bank Ltd…

05/19/2023

Indian Oil Corp’s profit rises after 5 quarters, jumps 52% to Rs 10,841 crore

New Delhi, May 16: Indian Oil Corporation on Tuesday reported 52 per cent jump in consolidated net profit to ₹10,841.23 crore for the quarter ended March 2023. This is against a net profit of ₹7,089.18 crore in the corresponding quarter last fiscal. The consolidated revenue from operations rose by 10 per cent…

05/16/2023

Sri Lanka imports 2 million eggs from India to meet shortage

Colombo, Mar. 23: Sri Lanka has imported two million eggs from India to ensure food security in the crisis-hit island nation, Trade Minister Nalin Fernando said on Thursday. Fernando told Parliament that the shipment imported by the State Trading General Corporation had arrived and the stocks would be released in the…

03/23/2023

Bihar Grid Will Be Used To Export Power From Nepal To India, Says MD Ghising

Kathmandu, Mar. 19: The meeting of the electricity exchange committee between Nepal and India has decided that Nepal will decide the modality for the export of electricity to other states through the transmission grid of Bihar state. The 14th meeting of the committee held on Friday in the capital of…

03/19/2023

Indian PM Modi: Out-of-box thinking, long-term vision can take tourism to new heights

New Delhi, Mar. 4: Indian Prime Minister Narendra Modi on Friday said "out-of-the-box thinking" and "long-term vision" can take tourism to new heights, and added that villages in far-flung areas of India have now come up on the map of tourism. Addressing a post-budget webinar on 'Developing Tourism in Mission…

03/04/2023

Keystone pipeline shut after 14,000-barrel oil spill in Kansas

Washington, Dec. 9: Canada's TC Energy shut its Keystone pipeline in the United States after more than 14,000 barrels of crude oil spilled into a creek in Kansas, making it one of the largest crude spills in the United States in nearly a decade. The cause of the leak, which…

12/09/2022

Trust credibility of Indian norms: RBI to foreign regulators

Mumbai, Dec. 8: Commenting publicly for the first time on the decision of certain European regulators to de-recognise domestic clearing houses, Reserve Bank of India Governor Shaktikanta Das said that it is necessary for overseas regulators to appreciate the credibility of Indian rules. “We comply with all international standards. Our market infrastructure is…

12/08/2022

India’s manufacturing PMI hits three-month high in November

New Delhi, Dec. 2: India’s manufacturing sector activity rose to a 3-month high in November as new orders and exports expanded markedly in the latest month, according to a monthly survey. According to the Indian Media, Posting 55.7 in November, up from 55.3 in October, the seasonally adjusted S&P Global…

12/02/2022

India to be third largest economy ‘well before’ 2030: Gautam Adani

New Delhi, Nov. 20: Indian Adani Group's Founder & Chairman on Saturday claimed that India will become the world's third-largest economy by the end of 2030. He added that the country will become 2nd largest economy by 2050. Adani was delivering a keynote address on "India's Path to an Economic…

11/20/2022

India overtakes UK as world’s fifth-largest economy: 5 charts to put this in perspective

New Delhi, Sept. 3: India has overtaken the United Kingdom to become the fifth largest economy in the world, according to Bloomberg, which has cited GDP figures from the International Monetary Fund. New Delhi pushed Britain to the sixth spot in the final three months of 2021 to become the…

09/03/2022

World Bank approves USD 562 million funding for 3 projects in India

New Delhi, June 24: The World Bank announced on Thursday (23-06-2022) that it had authorized three loans totaling USD 562 million (about Rs 4393.70 crore) to support projects for education in Gujarat, social protection in Tamil Nadu, and the rehabilitation of the fisheries industry after the epidemic.  According to the…

06/24/2022

Chief economic advisor Nageswaran: India has shown exemplary resilience in recovering from Covid crisis

New Delhi, June 11: India has shown exemplary resilience in recovery from the COVID-19 pandemic crisis, Chief Economic Advisor (CEA) of India Anantha Nageswaran said on Saturday. Nageswaran was addressing an “Indian Economy: Prospects, Challenges and Action Points” event at the Haryana Institute of Public Administration (HIPA) here. “India has…

06/11/2022

India's Industrial output grows 7.1% in April

New Delhi, June 10: Industrial output, measured through Index of Industrial Production (IIP), increased 7.1% during April, shows government data released on Friday. This comes after the meagre 1.9% industrial growth seen in March. The quick estimates for the index of industrial output stood at 135.1 for April 2022, compared…

06/10/2022

12 jobs that increased in demand due to the pandemic in Canada

Toronto, Apr. 15: Several occupations in Canada actually saw an increase in demand as a result of the outbreak. Many industries have been adversely affected by coronavirus-related shutdowns, but there are actually more job vacancies in some of those industries. According to federal research, each province and territory’s labor force…

04/15/2022

NRNA To Urge Non-Resident Nepalis To Send Dollars

Kathmandu, Apr. 12: The Non-Resident Nepalis Association (NRNA) is to hold interaction with the non-resident Nepalis regarding their support in easing the situation in the context of decreasing foreign currency reserve in the country. The interaction will also have participation of government officials.     The emergency meeting of the NRNA…

04/12/2022

Indian PM Modi: Best time to invest in India, multilateral institutions need reforms

New Delhi, Jan. 18: Citing various reform measures taken by the Government, such as the removal of retrospective taxation, reduction in compliance requirements and simplification of the corporate tax rate structure, Indian Prime Ministee Narendra Modi Monday made a strong pitch for India as an investment destination and said this is “the…

01/18/2022

Convert initiatives into fintech revolution: Indian PM toasts e-infra

New Delhi, Dec. 4: Terming financial inclusion as the driver of fintech revolution, Indian Prime Minister Narendra Modi on Friday said the fintech industry in the country is innovating to increase access to finance and the formal credit system to every person in the country and now is the time to…

12/04/2021

Singapore economy seen slowing next year after 7% expansion in 2021

Singapore, Nov. 24:  Singapore’s economy is expected to grow about 7% in 2021, at the top of the official forecast range, and will expand at a slower pace next year as an uneven recovery continues across sectors, the government said on Wednesday. Gross domestic product (GDP) grew 7.1% year-on-year in…

11/24/2021

Sri Lanka seeks USD 500 million loan from India for fuel purchase

Colombo, Oct. 17: Sri Lanka has sought a USD 500 million credit line from India to pay for its crude oil purchases amid a severe foreign exchange crisis in the island nation. The move came few days after energy minister Udaya Gammanpila warned that the current availability of fuel in…

10/17/2021

India announces $200 million line of credit for Kyrgyzstan

Bishkek, Oct. 11: India on Monday agreed to provide a USD 200-million line of credit support for development projects in Kyrgyzstan, as Indian External Affairs Minister S Jaishankar held "constructive" talks with the top Kyrgyz leadership to boost bilateral ties, including defence cooperation and discussed global issues like Afghanistan. Jaishankar,…

10/11/2021

Private Cargo Train arrives in Birgunj for the first time

Kathmandu, Sept. 15: A cargo train of the private sector has arrived in Nepal from India on Wednesday for the first time. The cargo train arrived in Birgunj this morning after 17 years of operations of the Nepal-India rail service. The one-rack cargo train of Hind Terminal Pvt Ltd arrived at…

09/15/2021


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Kathmandu, Nov. 24: The joint training exercise "SURYA KIRAN-XVII" of Nepali Army and Indian Army is starting from 24 November 2023 in Pithoragarh, India. The Nepalese army team that will participate in the exercise, which will be attended by the…

Nepal-India Joint Military Training Excerise Surya Kiran Begin Today    

New Delhi, May 5: Indian Prime Minister Narendra Modi will be the guest of honour for this year’s Bastille Day Parade in Paris scheduled to take place on July 14.  In a statement, the Ministry of External Affairs (MEA) of…

Indian PM Modi to attend Bastille Day Parade in Paris as guest of honour on July 14