Nepal Financial News

cement industry is unable to compete in the overseas markets owing to duty-free imports of the commodity in the country coupled with the duties that domestic producers need to pay for raw materials, the PHD Chamber of Commerce and Industry (PHDCCI) has conveyed to the commerce and industry ministry. The industry body has demanded a reciprocal import duty, along with a correction in the inverted duty structure.

Most of them make multiple trips to earn as much money as possible. Lakshminagar, Thoothibari, Nichlaul, Parsa Malik, Bargadwa, Bhagwanpur, Shyam Kat, Farenia, Hardi Dali and Khanuva are some of the villages from where it is very easy to cross into Nepal and rice is smuggled, police sources said. Maharajganj shares an 84-km open border with Nawalparasi and Rupandehi districts of Nepal's Lumbini province.

Israel arrived back in Kathmandu in the wee hours of Friday, the Government of Nepal has announced to make further arrangements to bring back citizens from Israel. A Nepal Airlines wide-body aircraft, which flew to Tel Aviv on Thursday morning to bring back the Nepali students, landed in Kathmandu at around 3 am (Local Time) on Friday. Leading the rescue mission, NP Saud, Minister of Foreign Affairs of the Himalayan Nation announced the arrival of 254 students in the first batch of evacuation while 249 still wait back in Israel for airlift. «The Nepal Embassy in Tel Aviv had earlier registered Nepali citizens who wanted to be located in safer areas and those wanting to return back to Nepal. Till now a total of 557 Nepali citizens have registered themselves, of which 503 wanted to return to Nepal and of them a total of 254 students have been evacuated under the first phase of evacuation efforts,» said Saud while addressing media persons here at the airport on Friday morning. «Currently in Tel Aviv commercial flights are commencing on a daily basis.

New Delhi: India said the Global Hunger Index suffers from “serious methodological issues" after the 2023 edition saw the country slip four places to rank 111 out of 125 countries. India ranked 107 out of 121 countries in 2022. This year, the GHI ranked Pakistan at 102, Bangladesh at 81, Nepal at 69 and Sri Lanka at 60.

Saudi Arabia said on Thursday it was investigating reports of grim conditions for migrant workers at Amazon warehouses in the kingdom, denouncing all labour abuse and exploitation as «unacceptable». The human resources and social development ministry said in a statement to AFP that the investigation began before Amnesty International this week reported that Nepalese Amazon workers in Saudi Arabia had suffered «appalling» living conditions, on-the-job safety risks and wage theft. «Any form of labour abuse or exploitation is unacceptable and is comprehensively investigated by the relevant Saudi authorities,» the statement said. «The distressing reports outlined in this case are already the subject of an ongoing investigation.» The Amnesty report published on Tuesday drew from the accounts of 22 men who had worked in warehouses in Riyadh or the Red Sea city of Jeddah going back to 2021. The London-based human rights group accused recruitment agents and two Saudi labour supply companies of deceiving migrant workers who thought they would be employed directly by Amazon and took out steep loans to pay recruitment fees. Upon arrival in Saudi Arabia they encountered «dirty and overcrowded accommodation, sometimes infested with bed bugs» as well as «gruelling» working conditions marked by constant monitoring and inadequate rest, sometimes resulting in injury, Amnesty said. The abuses were so severe they likely amounted to "human trafficking for the purposes of labour exploitation", Amnesty said. The kingdom's «kafala» sponsorship system for foreign workers meant the labourers struggled to leave the warehouse jobs and risked possible arrest for «absconding», Amnesty said, adding that «a few contemplated suicide». Saudi

By Andrea Shalal

Gupta rejoined ICANN on October 3 as Vice President, government and intergovernmental organisation (IGO) engagement for the APAC region and Stakeholder Engagement South Asia. The organisation said Gupta will primarily oversee ICANN's engagement and participation in IGO and multilateral forums in the region, including meetings and initiatives of the International Telecommunication Union (ITU) and engaging with regional governments on the United Nations Global Digital Compact and the World Summit on the Information Society (WSIS)+20 process.

NEW DELHI : China’s BYD Auto Co. Ltd’s executives have been unable to secure Indian visas for at least over a year, precluding in-person meetings with representatives of Megha Engineering and Infrastructure Ltd in India for their electric vehicle (EV) project, two people familiar with the developments said. In the absence of Indian visas, meetings between BYD and Megha executives are being held in countries such as Nepal, Sri Lanka and China, the people said on condition of anonymity.

Hamas militants, as per Nepali Ambassador to Israel Kanta Rizal said. All those who died in the militant attacks were students who reached there on the «learn and earn» package of the Israeli government, he told Nepali media. However, Nepal's Ministry of Foreign Affairs has not officially confirmed the tragic deaths of the Nepali citizens in the brutal attack. Rizal told the Nepali media that three other Nepali nationals were injured in the attack. It is said that those killed in the deadly attacks were students who reached there from different universities of Nepal. According to Rizal, the deceased have been identified as Narayan Prasad Neupane, Ganesh Kumar Nepali, Ashish Chaudhary, Dipesh Raj Bista, Aanand Sah, Rajesh Kumar Swarnkar, Rajan Phulara, Padam Thapa, Pravesh Bhandari, and Lokendra Singh Dhami.

Last month, when delegates of the Group of 20 (G20) nations arrived in New Delhi, they were given the taste of one of India’s most successful creations: the Unified Payments Interface (UPI). Travellers could make a one-time payment in their own currency to load a digital wallet, which could be used throughout their visit to pay merchants in rupees using the ubiquitous UPI QR codes. That was just one of the various ways UPI has gone global in recent years: the system is already accessible in some form or the other in close to two dozen countries.

FTA journey can be divided into three distinct phases. 1975-2004: In this phase, the focus was on reducing tariffs to promote merchandise trade. India embarked on its FTA journey in 1975 by signing the Bangkok Agreement with Bangladesh, Sri Lanka, and S Korea.

Uppal, formerly small business owners in Chhattisgarh, are now at the center of a massive money laundering investigation related to the Mahadev online betting scheme. These two individuals transitioned from running juice and tire shops to operating a sprawling online betting empire, raising eyebrows and attracting the attention of the Enforcement Directorate (ED).

₹200 crore was paid in cash. Also read: Mahadev betting app case: Shraddha Kapoor likely to appear before ED today; Ranbir Kapoor requests for one week time At his wedding held in Ras Al-Khaimah, Sourabh Chandrakar hired private jets to ferry family members from Nagpur to the UAE and paid celebrities from the Indian film industry to perform.

Asian Games 2023: On Day 13 of the Asian Games 2023 in Hangzhou, India clinched the bronze medal in the women's recurve archery event by defeating Vietnam with a score of 6-2. In the women's kabaddi semifinal on Day 13 of the ongoing Asian Games 2023 in Hangzhou, India secured an impressive victory against Nepal, dominating with a final score of 61-17.

Mint's LIVE blog will update you with the latest news on the Sikkim floods:Hem Kumar Chettri, District Collector, Mangan District said, "We were able to establish contact with Chungthang last night. We came to know that the entire town was full of slush. So, they have engaged machinery to clear the town.

Ranbir Kapoor ticked the investigative agencies when he attended a ₹ 200-crore wedding in the UAE that happened in February was being probed. The wedding was of Sourabh Chandrakar, one of the promoters of the online betting platform, who married in Ras Al-Khaimah in February. Reports say the entire ₹ 200-crore was paid in cash.

Sikkim, causing a flash flood in Teesta River Basin. Scientists are exploring the possibility of connecting the geological events, as both Nepal and Sikkim are situated on the young-fold Himalayas that is understood to be still rising, causing tremors over the years.

Abu Dhabi to facilitate cross-border transactions, an official said. The MoU (Memorandum of Understanding) will be signed on development of domestic card scheme of UAE based on India's RuPay debit and credit card stack, the official added. The agreement will be signed in the presence of Commerce and Industry Minister Piyush Goyal, who is leading a business delegation to Abu Dhabi from October 5 to October 6.

The World Bank says South Asia is expected to grow by 5.8% this year, making it the fastest-growing region in the world even as the pace remains below pre-pandemic levels

earthquake in Delhi-NCR and Nepal, concerns about earthquake safety in buildings across India have been reignited. This natural disaster has prompted discussions on how to make buildings more resilient to seismic activity. Here are some of the top earthquake-proofing technologies in the world that can help safeguard structures: 1. Base Isolation System What is it? The base isolation system involves separating the actual structure of a building from its foundation.

earthquake tremors were felt in Delhi. Its magnitude was 6.2 and its epicentre was located in Nepal.