Amid criticism that the government has not taken any concrete steps to remove Nepal from the Financial Action Task Force (FATF) grey list, on which the country has been placed for the second time, the …
Govt set to implement time-bound action plan to remove Nepal from grey list
KATHMANDU, April 9: The government has started preparations to remove Nepal from the Financial Action Task Force’s (FATF) grey list. On Tuesday, the Anti-Money Laundering Steering Committee finalized …
For Nepal businesses, most valuable currency’s stability
Entrepreneurs in Kathmandu stress the need for political stability to enable consistent business policies and long-term planning. The current political volatility has resulted in significant migration …
Ground Report: Protests In Nepal | Monarchy Supporters Clash With Police | PM Oli Vs King Gyanendra
Tensions are rising in Kathmandu, Nepal, as pro-monarchy protests escalated into violent clashes with security forces. Supporters of Rashtriya Prajatantrik Party (RPP), which seeks the return of King …
Nepal is betting its future on hydropower – but the climate crisis is washing those hopes away
Nepal is betting its future on hydropower – but the climate crisis is washing those hopes away – Nepal’s clean energy transition, almost entirely dependent on hydropower, is dangerously exposed to the …
World Bank says Nepal’s economy will grow, despite shocks
In its latest report on Nepal, the institution estimates that damage resulting from floods and landslides between June and October of last year cost the country the equivalent of 0.8% of its GDP.
Sacked Nepal official crowdfunds to pay fine imposed on Gyanendra
Supporters of former Nepali king Gyanendra Shah have raised Rs 4.8 lakh to help pay a penalty for damage during a pro-monarchy protest. The government had imposed an Rs 8 lakh fine for damage to …
India, Nepal ink 10 MoUs worth NRs 625 million for development projects
India and Nepal have signed 10 Memorandums of Understanding (MoUs) for high-impact community development projects in the Himalayan nation to be funded by Indian assistance amounting to NRs 625 million …
IFC, NRB launch report on impact of digital financial services in Nepal
Digital financial services are revolutionizing the financial landscape in Nepal, driving financial inclusion and economic growth, according to a flagship report launched by International Finance …
‘Governor from non-financial sector unacceptable’
The country’s economy is crumbling. Due to the unsatisfactory reduction of financial crimes such as corruption, tax evasion, money laundering, and cryptocurrency trading, Nepal has been placed on the …