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Nepal, US finalize additional US$50 million for MCC compact, Raising total grant to US$747 million

KATHMANDU: Nepal and the United States have confirmed an additional US$50 million in grant assistance for the Millennium Challenge Corporation (MCC) Nepal Compact, pushing the Compact’s total value to US$747 million—one of the largest single U.S. grant investments in Nepal’s infrastructure history. With the new funding, the United States’...

Nepal, US finalize additional US$50 million for MCC compact, Raising total grant to US$747 million
Commercial banks pour Rs 121.58 billion into share-backed loans

Commercial banks pour Rs 121.58 billion into share-backed loans

Govt tightens casino regulation with 12-point directive, Steps up AML compliance for Nepal’s gaming industry

Govt tightens casino regulation with 12-point directive, Steps up AML compliance for Nepal’s gaming industry

Fitch affirms Nepal’s ‘BB-’ rating, flags political risk as fiscal pressures rise

Fitch affirms Nepal’s ‘BB-’ rating, flags political risk as fiscal pressures rise

DoTM begins building data recovery center in Hetauda; Full operations to take three months

DoTM begins building data recovery center in Hetauda; Full operations to take three months

NRB’s assets surge to Rs 26.23 tn, set to transfer Rs 42 bn to the government

NRB’s assets surge to Rs 26.23 tn, set to transfer Rs 42 bn to the government

PAN and tax clearance certificates go fully digital as Nepal accelerates transition to a fully digital tax system

PAN and tax clearance certificates go fully digital as Nepal accelerates transition to a fully digital tax system

Govt honors top taxpayers; Raj Bahadur Shah emerges as Nepal’s highest individual taxpayer for FY 2080/81

Govt honors top taxpayers; Raj Bahadur Shah emerges as Nepal’s highest individual taxpayer for FY 2080/81

Controversial telecom act interpretation threatens Ncell, Raises alarms over Nepal’s rule of law and FDI

Controversial telecom act interpretation threatens Ncell, Raises alarms over Nepal’s rule of law and FDI

Nepal’s economy shows mixed signals—Low inflation, record reserves but weak investment and sluggish credit raise concerns

Nepal’s economy shows mixed signals—Low inflation, record reserves but weak investment and sluggish credit raise concerns

Interest rates fall again—11 commercial banks slash fixed deposit rates for Mangsir as liquidity pressure eases

Interest rates fall again—11 commercial banks slash fixed deposit rates for Mangsir as liquidity pressure eases

Govt imposes strict controls: Transactions above Rs 1 mln in precious metals must go through banks

Govt imposes strict controls: Transactions above Rs 1 mln in precious metals must go through banks

CIBFIN calls for urgent review of credit policies and service charges amid rising economic strain

CIBFIN calls for urgent review of credit policies and service charges amid rising economic strain

NRB governor questions misuse of SME and agriculture loans as bad debts surge

NRB governor questions misuse of SME and agriculture loans as bad debts surge

Nepali citizens can transit Hong Kong without visa starting November 15

Nepali citizens can transit Hong Kong without visa starting November 15

Nepal Telecom modernization stalls: Political clouds cast shadow over NT’s critical billing upgrade

Nepal Telecom modernization stalls: Political clouds cast shadow over NT’s critical billing upgrade

PM Karki directs bureaucracy to accelerate development targets, Ensure governance reform

PM Karki directs bureaucracy to accelerate development targets, Ensure governance reform

World Bank projects Nepal’s growth to slow to 2.1% in FY26 amid political instability and public unrest

World Bank projects Nepal’s growth to slow to 2.1% in FY26 amid political instability and public unrest

Singapore tops global crypto comfort index as 25% of citizens own digital currencies

Singapore tops global crypto comfort index as 25% of citizens own digital currencies

Process to appoint NAC GM moves forward, Applications invited amid PM’s intervention

Process to appoint NAC GM moves forward, Applications invited amid PM’s intervention

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