SOCIETY
Japanese volunteer finds joy in teaching in Nepal
Japanese volunteer finds joy in teaching in Nepal
In a cool winter afternoon, Haruka Katoh, 30, from Shizuoka, Japan, entered a jam-packed classroom at Mangal Secondary School in Kirtipur and drew up the class schedule.
Dec 14, 2024
Editorial
Channelize remittance into productive sectors
Channelize remittance into productive sectors
Nepal continues seeing an unprecedented surge in remittances, which has been a key revenue source to keep the country’s economy afloat. According to Nepal Rastra Bank, the country received remittances amounting to Rs 521.63 billion in the first four months of the current Fiscal Year (FY) 2024/...
Dec 14, 2024
OPINION
Excess Liquidity and Mounting Defaults: Nepal’s Banking Sector Faces Looming Crisis
Excess Liquidity and Mounting Defaults: Nepal’s Banking Sect...
Nepal's banking sector is experiencing an alarming paradox. While banks are flush with liquidity, as seen by a Credit-to-Deposit Ratio (CDR) of 78.58% as of December 7, 2024 (source: Nepal Rastra Bank), they are also grappling with an unprecedented increase in loan defaults.
Dec 14, 2024
ECONOMY
Post-COVID-19 tourism: Nepal achieves 96.3 percent recovery
Post-COVID-19 tourism: Nepal achieves 96.3 percent recovery
Global tourism improves by 98 percent
Dec 14, 2024
ECONOMY
Commercial banks' assets reach Rs 7.47 trillion, non-banking assets worth Rs 31.38 billion
Commercial banks' assets reach Rs 7.47 trillion, non-banking...
According to Nepal Rastra Bank (NRB), the assets valuation of 20 commercial banks was Rs 6.711 trillion as of mid-November of the fiscal year 2023/24. In the past one year, the total asset holding of the banks has increased by Rs 757.44 billion.
Dec 14, 2024
SOCIETY
Govt instructs health institutions to ensure minimum wages for health workers
Govt instructs health institutions to ensure minimum wages f...
The Ministry of Health and Population has directed the bodies concerned to make provision of minimum wages to all health workers, including nurses, working at health institutions.
Dec 14, 2024
ECONOMY
15th South Asia Economic Summit emphasizes on green transformation
15th South Asia Economic Summit emphasizes on green transfor...
Experts stressed the need for an equitable green transformation in South Asia during the 15th South Asia Economic Summit (SAES XV), which concluded in Kathmandu on Friday.
Dec 14, 2024
SOCIETY
CAAN overrules Sagarmatha National Park's decision to ban helicopter flights
CAAN overrules Sagarmatha National Park's decision to ban he...
The Civil Aviation Authority of Nepal (CAAN) has revoked the decision of Sagarmatha National Park to ban commercial helicopter flights and landings in the Everest region.
Dec 14, 2024
SOCIETY
PM highlights Buddhism as luminous thread in Nepal-China ties at Nanhai Roundtable
PM highlights Buddhism as luminous thread in Nepal-China tie...
Nepal and China share more than just borders; we are bound by the timeless tapestry of our history, the majestic embrace of our mountains, the life-giving flow of our rivers, and the profound richness of our cultures.
Dec 13, 2024
POLITICS
Lawmakers debate raising retirement age to 60
Lawmakers debate raising retirement age to 60
Previously, the Civil Service Act of 2049 set the retirement age for civil servants at 58. Lawmakers are now debating whether to increase it to 60 or maintain the current age.
Dec 13, 2024