Nepal Financial News

Foreign Secretary Vikram Misri arrived here on Sunday on a two-day visit to discuss with the country's leadership and officials ways to further strengthen India-Nepal relations and advance the mutually beneficial ties with the Himalayan nation. Misri was received by his Nepalese counterpart Sewa Lamsal on his arrival here. «Foreign Secretary of India @VikramMisri arrives in Kathmandu for an official visit from 11-12 August 2024. Warm reception by Nepal Foreign Secretary Ms Sewa Lamsal,» the Embassy of India in Kathmandu said in a post on X. «The visit is in keeping with the tradition of regular high-level India-Nepal bilateral exchanges & underlines India's commitment to its #NeighbourhoodFirst policy,» it said.

ISRO's commercial arm NewSpace India Limited (NSIL) signed an agreement on Saturday to grant assistance for the launching of the Nepal-built Munal satellite, according to an official statement. Munal is an indigenous satellite developed in Nepal under the aegis of the Nepal Academy of Science and Technology (NAST), the MEA said. Antarikchya Pratishan Nepal (APN), a Nepalese space startup, has assisted Nepalese students in the design and fabrication of this satellite. The satellite aims to build a vegetation density database of the earth's surface, the Ministry of External Affairs (MEA) said in the statement. The MoU was signed by Anurag Srivastava, Joint Secretary (North) from MEA and Arunachalam A, Director from NSIL.

Nepal appointed Lieutenant General Ashokraj Sigdel as the Acting Chief of Army Staff of the Nepal Army with effect from Friday, an official statement said on Thursday. CoAS Prabhuram Sharma, who is going on a mandatory month's leave starting Friday before formally retiring on September 9, handed over the charge to Lt. Gen. Sigdel at a function held at the Nepal Army Headquarters on Thursday, according to the statement issued by Directorate of Military Public Relations and Information.

Mint explores the potential impact of regional instability on not just India’s trade but also internal security. Let’s begin with the political crisis and civil unrest in Bangladesh, with which India shares a 4,096 km border, its longest with any of its neighbours. Although Bangladesh has announced an interim government headed by Nobel Laureate Muhammad Yunus, the riots haven’t abated.

Authorities in Nepal all five people on board a helicopter were killed when it crashed in the mountains just north of the capital

Piyush Goyal on Wednesday suggested the seven member countries of the BIMSTEC bloc to relook at the progress of Free Trade Agreement talks which are moving at a very slow pace. He said that the members can think of negotiating a preferential trade agreement instead of a full-fledged free trade pact. BIMSTEC stands for the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation. Its seven members are five South Asian countries (Bangladesh, Bhutan, Nepal, India, and Sri Lanka) and two Southeast Asian countries (Myanmar and Thailand). The bloc has been negotiating a proposed Free Trade Agreement (FTA) since 2004.

Check all the Bangladesh news LIVE updates here on LiveMint.As the situation in Bangladesh worsened following Sheikh Hasina's resignation amid heavy protests, several former diplomats and experts have raised concerns about the scenario and asked the Indian government to remain vigilant.Pinak Ranjan Chakravarty, who also served as Indian High Commissioner to Bangladesh, also elaborated on the situation and opined that the possibility of foreign hands behind the unrest can't be ruled out."Bangladesh has seen many such crises in the past... It has happened because of many reasons, basically their internal ones.

Digital payments major PhonePe is looking to set up retail payment operations in new geographies, including Southeast Asia and the Gulf region, two people aware of the company's plan told ET. Places like Singapore, the Gulf region and some countries in Europe are on the agenda, but the plan is still in the early stage and implementation will be done slowly, they said. “The plan is to apply for a payment licence in these geographies and set up retail payment operations there,” said one person, requesting not to be named. «The expertise that the team has built scaling up business in India will be handy there and there is a large opportunity as payments get digitised in these places.»

Chinese ambassador to Nepal kicked up another controversy through social media, drawing the ire of the local population. In the latest such instance, Chen Song faced criticism for passing a «joke» about a bus accident in Nepal. On July 28, while reposting a news article titled «19 kg magnet, brought to search for the lost bus, is itself missing», he wrote on X, «Find the magnet then». He was referring to the July 12 accident, when a bus travelling from Kathmandu to Gaur and another coming from Birgunj to Kathmandu were swept away into the Trishuli river at Simaltal, Chitwan district of Nepal. Out of 65 passengers, 62 were missing. The whereabouts of the buses and most of the passengers are still unknown. Upon the request of the Nepal government, India sent a 12-member diving team with magnets to assist in the search. The Chinese ambassador's comments appeared to be targeted not only at Nepal but also at the failure of the Indian team, according to Kathmandu-based people.

Ur, possibly the oldest board game in the world, discovered in a 4,400-year-old royal tomb in Mesopotamia in the 1930s. Mukherjee has a replica he got from the British Museum in London. “It’s a fairly simple two-person game but the rules were discovered much later," he says.

Carlsberg has said it will acquire the remaining 33.33 per cent stake in Carlsberg South Asia Pte. Ltd. (CSAPL) from its partner CSAPL (Singapore) Holdings Pte. Ltd in a deal valued at USD 744 million. CSAPL is the holding company for the Carlsberg's businesses in India (100 per cent) and Nepal (90 per cent), through its shareholding in Gorkha Brewery Private Limited (GBPL). CSAPL Holding's 33.3 per cent shares is under the control of Singapore resident C P Khetan, with whom the company was having disputes.

Which industry grows regardless of external factors and serves as the primary growth driver – directly or indirectly – for all other industries? The answer, of course, is the power transmission and generation industry. With the government setting ambitious targets to meet the increasing demand for electricity and support the country’s economic growth, this sector stands at a crossroads. India's power industry is poised to become a significant exporter of electricity, with existing connections to the grids of Bangladesh, Bhutan, and Nepal, and plans to expand these to other neighbouring nations.

foreign direct investments from China, and the government can consider FDI applications from Beijing in sectors involving high-end technologies like electric vehicles and batteries, which are not available in other nations, an official said. China has some modern capital equipment of different types, which can be important for India.

A plane has crashed just after taking off from Nepal’s capital, killing 18 people and injuring a pilot who was the lone survivor

A Nepali passenger plane taking off from capital Kathmandu crashed and caught on fire Wednesday, killing nearly everyone on board, officials said. (Credit: Reuters)

Saurya Airlines plane crash at Kathmandu's Tribhuvan International Airport resulted in the deaths of 18 individuals. The incident occurred as the aircraft, carrying 19 people, caught fire shortly after skidding off the runway. The dramatic event was captured on video and shared on social media, though the authenticity of the footage remains unverified. Other footage displayed rescue workers sifting through the burned wreckage scattered across green fields, with bodies being transported to ambulances on stretchers as local residents observed. Officials reported that the airport was temporarily closed.

budget, highlighting the coalition compulsions of the NDA government, but not the special status that BJP's allies from the state have been demanding.

India sealed their spot in the semifinals with a dominating 82-run win over Nepal in their final group match of the women's Asia Cup here on Tuesday. Dashing opener Shafali Verma smashed 81 off 48 to power India to 178 for 3.

Budget 2024: Bihar bagged Budget goodies more than most others when it shone in the light of the booster doses Finance minister Nirmala Sitharaman announced for the state on July 23.

Nepal’s newly appointed prime minister has secured overwhelming support in parliament with more than two-thirds of members voting in his favor