19 billion spent on concessional loan interest subsidy in four years

21 October, Kathmandu. The Government of Nepal has spent about 19 billion rupees only on subsidized interest on subsidized loans. According to the budget statement, the Council of Ministers decided to give 5 to 6 percent interest subsidy on seven types of loans from 2075. Accordingly, Nepal Rastra Bank approved and implemented the Integrated Process… Continue reading 19 billion spent on concessional loan interest subsidy in four years

World Bank estimates that Nepal’s economy will grow by 5.1 percent

21 October, Kathmandu. The World Bank has predicted that Nepal’s economy will grow by 5.1 percent in the current financial year. The World Bank has given this information by publishing the Nepal Development Update. According to the World Bank, the economic growth rate in the financial year 2022/23 is estimated to be 5.1 percent. This… Continue reading World Bank estimates that Nepal’s economy will grow by 5.1 percent

After the new decision of OPEC, oil prices have started rising once again.

20 October, Kathmandu. The Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC Plus) have decided to drastically cut crude production to raise prices. The move will deal another blow to the struggling global economy. Since the start of the COVID-19 pandemic, the first meeting of energy ministers held in Vienna, the headquarters… Continue reading After the new decision of OPEC, oil prices have started rising once again.

Landslides on highways due to rain, trouble for commuters during Dashain

20 October, Kathmandu. Various highways across the country have been blocked due to heavy rains. Though some blocked roads have been opened, the road department has informed that they are opening/closing from time to time as the water has not stopped. Due to the blockage of various highways and road sections, the common people who… Continue reading Landslides on highways due to rain, trouble for commuters during Dashain

Water level rising rapidly in Kulekhani reservoir

20 October, Kathmandu. The water level in Kulekhani reservoir at Makwanpur has reached 1,520.86 meters. The water level of Kulekhani reservoir is rising rapidly till Thursday evening. According to the Nepal Electricity Authority, the water level in the watershed area is 10 to 20 cms per hour higher due to rain. Last night from around… Continue reading Water level rising rapidly in Kulekhani reservoir

Banker’s plan to give digital Dakshina on Dashain

19 October, Kathmandu. Today is the main day of Dashain, the main festival of Nepalese. Blessings are taken from dignitaries on this day by taking Tika and Jamra. There is a tradition of spending money as Dakshina according to Gachha on Dashain with Arshivad. According to the National Bank, more than 50 billion denominations of… Continue reading Banker’s plan to give digital Dakshina on Dashain

Connecting Nepal and Switzerland through direct air connectivity

18 October, Kathmandu. Nepal and European country Switzerland are going to connect by air. An agreement has been reached between the Civil Aviation Authority of Nepal and Switzerland to take forward the process of bilateral air agreement and before that the airline company can fly if it wants. According to Pradeep Adhikari, Director General, Nepal… Continue reading Connecting Nepal and Switzerland through direct air connectivity

2.5 billion are issued annually to print new notes

17 October, Kathmandu. Every year during the decade, Nepal Rastra Bank sends new notes to the market. According to Revathiraman Nepal, executive director of the currency management department of Nepal Rastra Bank, which has sent new notes worth about Rs 50 billion in the market this year too, that too with a smaller rate of… Continue reading 2.5 billion are issued annually to print new notes

Will Balan build a park in Tinkyun?

18 October, Kathmandu. Kathmandu Metropolitan City Mayor Balendra Shah (Balen) is back in the limelight after commenting on Tinkyun’s controversy. Balen, who brought a plan to build infrastructure in the budget by resolving the long-standing three-corner dispute, took to social media to question the elected leaders of that area. Writing on social media on October… Continue reading Will Balan build a park in Tinkyun?

‘Toothpick’ consumes 20 million a year: Doctors say ‘brushing teeth harmful’

Fish and meat are eaten in abundance in festivals like Dashain. There is a problem of getting tangled in the teeth after eating fish and meat. Teeth grinding is a common tendency in young children at this time. Also, there is a habit of brushing teeth not only while eating fish and meat, but also… Continue reading ‘Toothpick’ consumes 20 million a year: Doctors say ‘brushing teeth harmful’

Himal Sanchar