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World Bank delays loan for Upper Arun Hydropower Project amid India’s concern

KATHMANDU: The World Bank has delayed its loan agreement with Nepal for the 1,063 MW Upper Arun Hydropower Project following a request from the Indian government. In a recent letter to India, the World Bank confirmed that no loan agreement has been finalized, and the project is still under...

World Bank delays loan for Upper Arun Hydropower Project amid India’s concern
Prominent Tourism Entrepreneur Basanta Raj Mishra Passes Away at 72

Prominent Tourism Entrepreneur Basanta Raj Mishra Passes Away at 72

Former Home Minister Rabi Lamichhane facing arrest warrant in ‘cooperative fraud’ case

Former Home Minister Rabi Lamichhane facing arrest warrant in ‘cooperative fraud’ case

Reconstruction of Kabeli Corridor transmission line accelerates, aims to be operational before tihar

Reconstruction of Kabeli Corridor transmission line accelerates, aims to be operational before tihar

NRB releases report suggesting adoption of USSD-based payment system for financial inclusion

NRB releases report suggesting adoption of USSD-based payment system for financial inclusion

Genese Solution officially launches operations in Nigeria, eyeing African expansion

Genese Solution officially launches operations in Nigeria, eyeing African expansion

Banks reduce interest rates again amid excess liquidity; loan demand remains low

Banks reduce interest rates again amid excess liquidity; loan demand remains low

Nepal’s revenue growth stagnates in Q1 of fiscal year amid economic slowdown

Nepal’s revenue growth stagnates in Q1 of fiscal year amid economic slowdown

Drukair signs purchase agreement with Airbus for five new aircraft

Drukair signs purchase agreement with Airbus for five new aircraft

Diplomatic tensions escalate between India and Canada over Sikh Leader’s assassination allegations

Diplomatic tensions escalate between India and Canada over Sikh Leader’s assassination allegations

International airlines set to begin flights at Gautam Buddha International Airport

International airlines set to begin flights at Gautam Buddha International Airport

Nepal Rastra Bank revises policies amid Dashain, introduces new refinancing rules

Nepal Rastra Bank revises policies amid Dashain, introduces new refinancing rules

Ncell Foundation extends support to flood and landslide victims in Godavari Municipality

Ncell Foundation extends support to flood and landslide victims in Godavari Municipality

World Bank approves $150 mln to strengthen Nepal’s disaster response and resilience

World Bank approves $150 mln to strengthen Nepal’s disaster response and resilience

Nepal government forms high-level commission to address economic reforms

Nepal government forms high-level commission to address economic reforms

Nepal government opens 57 new peaks for climbing, expanding opportunities for adventure tourism

Nepal government opens 57 new peaks for climbing, expanding opportunities for adventure tourism

Middle East conflict between Iran and Israel sparks global oil price surge, Nepal braces for economic impact

Middle East conflict between Iran and Israel sparks global oil price surge, Nepal braces for economic impact

PM Oli calls for swift action to export electricity via Bangladesh, aims for 28,500 MW by 2035

PM Oli calls for swift action to export electricity via Bangladesh, aims for 28,500 MW by 2035

Global IME Bank and IME Group contribute Rs 50 mln to the Prime Minister’s Disaster Relief Fund

Global IME Bank and IME Group contribute Rs 50 mln to the Prime Minister’s Disaster Relief Fund

Nepal slashes international flights by 50pc, impacting both domestic and foreign airlines

Nepal slashes international flights by 50pc, impacting both domestic and foreign airlines

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