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Government retreats on MRP enforcement, allows self-declaration by traders

Nepal, May 1 -- The government has once again stepped back from strictly enforcing the mandatory maximum retail price (MRP) rule on imported goods, after traders resisted the directive and halted cust... Read More


Promoter shareholders of eight insurance companies under investigation

Nepal, May 1 -- The Department of Money Laundering Investigation (DoMLI) has requested detailed information on premium payments linked to the purchase of promoter shares of several microinsurance and ... Read More


NOC hikes LPG price by Rs 150

Nepal, May 1 -- Nepal Oil Corporation (NOC) has hiked the LPG cooking gas price by Rs 150 per cylinder, reaching Rs 2,160 from Rs 2,010. The government-owned oil monopoly has also revised fuel prices... Read More


Traffic police collect Rs 2.27 million from rule violators in one day

Nepal, April 30 -- A total of 2,489 drivers were penalized for violating traffic rules in the past 24 hours, generating Rs 2.2745 million in revenue for the state treasury. According to the Kathmandu... Read More


Rising fraud in foreign employment through individual agents

Nepal, April 30 -- Fraud cases in foreign employment have been increasing as the number of Nepali youths migrating abroad continues to rise rapidly. In particular, incidents of fraud carried out throu... Read More


Mount Everest Power opens IPO for locals and Nepalis working abroad in first phase

Nepal, April 30 -- Mount Everest Power Development Limited has launched its Initial Public Offering (IPO). In the first phase, the company has opened share sales from Thursday for project-affected loc... Read More


Norvic Hospital moves ahead with book building IPO, seeks bids from institutional investors

Nepal, April 30 -- Norvic International Hospital has moved forward with the process of issuing an Initial Public Offering (IPO) through the book building method. The company has invited institutional... Read More


NEA's 'Digital Infrastructure Company' comes into operation

Nepal, April 30 -- The Nepal Electricity Authority (NEA)'s subsidiary company 'Nepal Digital Infrastructure Company' has come into full operation. The Company has been brought into operation to compl... Read More


US Special Envoy Sergio Gor to arrive in Nepal, to meet top ministers

Nepal, April 30 -- Following the visit of the U.S. Assistant Secretary of State for South and Central Asian Affairs, Samir Paul Kapur, U.S. President Donald Trump's special envoy, Sergio Gor, is arriv... Read More


President Paudel promulgates the Cooperative (First Amendment) Ordinance, 2083

Nepal, April 30 -- President Ram Chandra Paudel has promulgated the Cooperative (First Amendment) Ordinance, 2083. According to a press statement issued on Thursday by Office of the President of Nepa... Read More