Money
Digital payment will enable Indians to spend more in Nepal
By Krishana Prasain Fonepay Payment Service partnered with India’s NPCI International Payments to launch the cross-border payment service using quick response (QR) codes. Indian visitors can now scan the Fonepay QR code using India’s digital payment app–PhonePe.
Nepal braces for above-normal monsoon this year
By Sangam Prasain For Nepal, monsoon remains a major macroeconomic event that is closely watched by the government, farmers, businesses and consumers.
Internet disruption in Nepal as Indian firm cuts services
By Krishana Prasain Airtel, India’s leading vendor, halted services for around 5 hours over outstanding payments by Nepali private ISPs.
ISPs warn of possible internet disruption
By Post Report Nepal’s telecom regulatory body has asked the central bank not to provide foreign exchange and bank guarantees to the ISPs until they clear their taxes.
British investors for double taxation avoidance agreement
By Post Report The UK investors are also looking for investment protection through the bilateral investment treaty, which protects companies from any policy changes while doing business.
Nepal to grow 3.87 percent, says statistical agency
By Sangam Prasain There’s no environment to achieve double-digit growth anytime soon. The government needs to boost spending and encourage private sector to spend more.
Nepal to use drones to transport garbage from Mount Everest
By Sangam Prasain The Khumbu Pasang Lhamu Rural Municipality has made poop bags mandatory for climbers above the base camp.
Neighbours India and China make tall promises at Nepal Investment Summit
By Sangam Prasain Beijing plans to open flights to Pokhara and Bhairahawa airports, announces visa fee exemption for Nepali travellers.
Nepal deserves global attention as a promising investment destination
By Sangam Prasain Yingming Yang discusses a range of issues, including ADB’s support for improving Nepal’s business climate, agricultural productivity, supporting private sector investments and disaster risk management.
Nepal awash with trademark, patent infringement plaints
By Krishana Prasain Industry insiders say it takes years for infringement settlement because the Department of Industry, which handles the cases, is not a fully judicial body.
US Chamber of Commerce for South Asia senior vice president Keshap arrives for investment summit
By Post Report Having worked extensively in South Asia, Keshap has closely observed the region's economy and business landscape.
Air pollution takes its toll on Nepal’s tourism capital
By Deepak Pariyar As smog levels soar in Pokhara, travel trade entrepreneurs fear worse days ahead for the popular tourist destination.
Ride-hailing startups on expansion spree. But lack of rules hinders competition
By Krishana Prasain Pathao expanded services to 18 cities starting April 13, after six years since it began services in Kathmandu.
Hotel Yak and Yeti ‘Cultivating Connections’ event on Earth Day
By Post Report The event's main attraction was a special activity that emphasised the hotel's commitment to environmental sustainability.
Intrepid DMC Nepal’s cleanup campaign
By Post Report The company said that the team collected 30.52 kgs of non-biodegradable waste that was left behind on the pristine trail.
Tattva Farms launches flavoured jaggery in the market
By Tattva Farms offers a variety of products including Original Jaggery Powder, Cinnamon Jaggery Powder, Saffron Jaggery Powder, Masala Tea Jaggery Powder, and more catering to various tastes and uses.
Citizens Bank launches Fonepay credit card
By Post Report This card scheme facilitates a wide array of digital transactions across the Fonepay network where customers can make QR payments, online or e-commerce payments, and leverage advanced features like seamless EMI conversion.
Investment from DFIs crucial for Nepal’s graduation
By Krishana Prasain Structural issues, regulatory ambiguities and political uncertainty have prevented big foreign investment in Nepal, says British envoy.
Rice prices hit record high amid Indian ban
By Post Report Food inflation continues to simmer in Nepal largely due to higher rice prices and other food items.
India stops tea-laden Nepali trucks on border for lab tests
By Parbat Portel Nepali traders suspect geopolitics after the Indian government recently ordered its customs to sample every single batch of Nepali tea destined for India.