Nepal Financial News

This will be his second visit to Thailand, following his 2019 trip to the ASEAN Summits, where he was accompanied by External Affairs Minister S Jaishankar and Commerce and Industries Minister Piyush Goyal. The BIMSTEC Summit will take place in Bangkok from April 2 to 4. Under Thailand's chairmanship, BIMSTEC aims to achieve a «Prosperous, Resilient, and Open» region, known as «PRO BIMSTEC,» by 2030. The BIMSTEC Summit aims to foster regional cooperation between South and Southeast Asia, with seven member states: Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand. The summit will focus on key deliverables, including the BIMSTEC Bangkok Vision 2030, the Report of the Eminent Persons' Group on the Future Direction of BIMSTEC, and the BIMSTEC Summit Declaration.

A whole lot of chutzpah, leaps of faith, and a dash of putting yourself out there. You wouldn’t know from Manoj Pipersania’s demeanour that he’s painfully shy. Over a virtual call from Jaipur, the 46-year-old Founder and CEO of Softserv Solutions talks animatedly about everything from being visible for the sake of his employees (more on that later) to his penchant for shooting and getting a pilot’s licence. Softserv Solutions is more than a template IT firm specialising in business automation. Established as a private limited company in 2012, the company also offers tailored barcode solutions for use cases such as warehousing, clinical research, and RFID tagging for jewellery and other products. Its 20,000 sq ft headquarters in Jaipur belies the fact that Softserv is a micro enterprise employing just over 60 people. As Pipersania puts it, “We are the richest company in the world.” And scale has little to do with it. Pipersania started out in the early aughts as a CCNA (short for Cisco Certified Network Associate) IT specialist who configured ATMs for state-run Bank of Baroda before moving to Nepal to automate financial processes for a cooperative bank in the country. Running on just three hours of sleep a night, he’d write programmes and shop them to local businesses that needed to automate their processes. Thereon, he hopscotched from one job to another across countries — in India for Electronic Data Systems, now an HP subsidiary, then the US’ largest health insurer, UnitedHealth Group.

Maya’s team—which included another woman, two men and a child— was carrying the skin of an adult tiger and 17 kilos of bones. Before “someone from Meghalaya” could come and collect the consignment from Maya, the police swooped in. “We were stunned to find that these were the remains of a second tiger— we had already missed the first tiger,” says Pranjal Baruah, a range officer of Kamrup, Assam, who had spearheaded the initial probe. Forensic tests traced the skin to one of the three missing tigers from the faraway Tadoba-Andhari Tiger Reserve in Maharashtra. That was a clue something was going awry with the striped beast. Even as India’s tiger population has been steadily climbing over the past couple of decades, it could get derailed. A surging appetite for tiger bones in China and Vietnam and the revival of a smuggling route through Mizoram-Myanmar have reignited dormant trafficking networks. The Assam case was transferred to the Wildlife Crime Control Bureau (WCCB), an arm of the ministry of environment and forests, which cracks down on organised wildlife crime. The agency’s trail led to multiple arrests in Maharashtra. They also caught Mishram Jakhad, an octogenarian from Dwarka in Delhi, believed to be a key link between tiger poachers and smuggling syndicates.

Saina Nehwal and PR Sreejesh, have written a letter to the International Olympic Committee (IOC) presidential candidates, urging them to make climate action their top priority. As IOC members gather in Costa Navarino, Greece, to vote on the seven candidates next week (March 18-21), the Olympians called for stronger commitments from the IOC to cut carbon emissions, promote sustainability in host cities, set clear guidelines on polluting sponsors and use its platform to advocate for climate action. Climate impacts are «no longer a distant threat, but a current and growing harm to the sports we love and to the countries that make up our Olympic family», the letter said. The signatories include 57 Olympic champions and over 100 Olympic flag bearers. They represent some of the world's most climate-vulnerable nations, including Argentina, Aruba, the Bahamas, Cabo Verde, Colombia, Cook Islands, Eswatini, Fiji, Ghana, India, Kenya, Laos, the Marshall Islands, Nepal, Nigeria, Pakistan, Peru, Sierra Leone and Zambia. Recognizing that extreme weather events are already disrupting the Summer and Winter Olympics and affecting athlete performance and safety, the letter urges decisive action to ensure the games remain accessible and safe for future generations. Earlier this year, massive wildfires burned large areas of Los Angeles, the host city of the 2028 Olympic Games. The fires killed about 30 people, destroyed thousands of buildings, and forced tens of thousands to flee their homes.

Indian Renewable Energy Development Agency (IREDA) shares will be in focus on Monday after the company announced that the Reserve Bank of India (RBI) has not approved its request for equity investment in the 900 MW Upper Karnali Hydro Electric Power Project in Nepal. IREDA stated that it plans to resubmit the proposal. The company had earlier received in-principle approval from its board on 16 July 2024 to invest up to 10% equity in GMR Upper Karnali Hydro Power Limited, Nepal, and Karnali Transmission Company Pvt. Ltd., Nepal, in partnership with SJVN. The total investment was estimated at around Rs 290 crore, subject to approvals from the Government of India and other regulatory authorities. Existing shareholders of GMR Upper Karnali Hydro Power Limited include GMR and the Nepal Electricity Authority.

An earthquake measuring 4.1 magnitude on the Richter scale hit Baglung district, about 300 kilometres from Kathmandu, at 6.20 a.m., the National Earthquake Monitoring Centre said. The epicentre of the tremor was the Khukhani area in the district.

Enforcement Directorate (ED) is investigating if there's a foreign link to a multi-thousand crore fraud allegedly committed by an IT company headquartered in Noida. The agency has thus far identified proceeds of crime to be ₹3,558 crore, generated by Vuenow Marketing Services Ltd (VMSL) and its entities. In a breakthrough, the federal agency Saturday arrested Sukhvinder Singh Kharour, CEO of the company, and his wife Dimple Kharour. The agency said that the duo was trying to fly out of India, however an active look out circular (opened against them at the behest of the agency) helped detain the duo at the Indira Gandhi International Airport after the Bureau of Immigration tipped off the federal agency sleuths. Interestingly, Sukhvinder claimed before the court that he and his wife were arrested from Nepal at 8 am on February 28. The court found Sukhvinder's claim «devoid of any merit» and granted ED ten days of custodial interrogation.

Sangam in Prayagraj, this Mahakumbh marked a sacred occasion after 144 years, drawing immense crowds from across India and the world. Amidst the sea of devotees, many got separated from their loved ones. However, thanks to the foresight of the Yogi government and its dedicated efforts, 54,357 separated individuals were successfully reunited with their families, a release said. A significant number were women. The police also played a vital role in reuniting devotees from different states of India and Nepal with their families.

Subscribe to enjoy similar stories. New Delhi: Driving down from Delhi to nearby hills you may have made a pit stop at one of the numerous roadside eateries. You may also have ordered bite-sized steamed momos and devoured them with a fiery chilli sauce.

KIIT officials on Thursday appeared before the Odisha government's high-level committee probing the death allegedly by suicide of a 20-year-old Nepalese B Tech student Prakriti Lamsal and the subsequent unrest on the campus. The Higher Education department had summoned the Kalinga Institute of Industrial Technology's (KIIT) chief proctor P K Patnaik, director Sanhita Mishra, Internal Committee chief Ipsita Satpathy, assistant director Smarika Pati and others to appear before the high-level committee.

Prakriti Lamsal, however, echoes far beyond its walls—in Odisha, where students are protesting, and in Nepal, where government officials and student communities are demanding answers.

An earthquake of magnitude 5.1 on the Richter scale struck the Bay of Bengal in the early hours of Tuesday, according to the National Center for Seismology (NCS).According to NCS, the earthquake occurred at 6:10 am at a depth of 91 kilometres."EQ of M: 5.1, On: 25/02/2025 06:10:25 IST, Lat: 19.52 N, Long: 88.55 E, Depth: 91 Km, Location: Bay of Bengal," the NCS said on X. Tremors were felt in Kolkata, parts of West Bengal and OdishaThere have been no reports of damage caused by the earthquake so far.

impartial investigation" into the death of a Nepalese student at an Odisha university and urged legal action against the culprit. She also demanded the termination of the suspended staff of the Kalinga Institute of Industrial Technology (KIIT) who mistreated Nepalese students following the 20-year-old engineering student's alleged suicide on February 16.

Kalinga Institute of Industrial Technology (KIIT) University in Odisha, Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal on Friday expressed deep sorrow and extended condolences.

illegal Indian migrants deported by the US to the Latin American country.

Nepal government on Tuesday said that it may stop issuing no objection certificates to students who wish to study in institutes in Odisha if the situation arising from the death of a student at a Bhubaneswar university is not resolved in a «justifiable and legal way».

Eikhoigi Imphal International Film Festival (EIIFF)-2025' from February 6 to promote the art of cinema and position the state as a strategic hub for independent filmmaking.

Assam Rifles in coordination with Manipur Police and other security forces, recovered 10 weapons, ammunition, and warlike stores from both hill and valley regions in the districts of Kakching, Kangpokpi, Churachandpur and Thoubal in Manipur.

Subscribe to enjoy similar stories. The new year has kicked in, dry January for some is coming to a close and resolutions to eat better, eat healthy are, well... let’s just say they’re still staying resolutions for now.