Nepalwise

Nepalwise Nepal's First Dedicated English Online News Portal
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नेपालमा पनि यो स्थिति चाँडै आउनेछ ! As the news of Hasina’s resignation broke, thousands of protesters took to the stree...
05/08/2024

नेपालमा पनि यो स्थिति चाँडै आउनेछ !

As the news of Hasina’s resignation broke, thousands of protesters took to the streets in major cities across Bangladesh, including Dhaka and Chittagong. Demonstrations quickly turned violent, with reports of clashes between protesters and security forces. Several government buildings and public properties have been vandalized, and a number of injuries have been reported.

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KATHMANDU: In a shocking turn of events, Bangladesh Prime Minister Sheikh Hasina has resigned and reportedly fled the country, leaving the nation in a state of political chaos and uncertainty. This sudden resignation has triggered widespread unrest and concerns about the future stability of the coun...

Commercial banks in Nepal have reported a combined net profit of approximately NPR 64.15 billion for the fiscal year 202...
05/08/2024

Commercial banks in Nepal have reported a combined net profit of approximately NPR 64.15 billion for the fiscal year 2023-24, marking a notable increase of 13.40% compared to the previous fiscal year’s NPR 56.57 billion. The performance data reveal a mixed bag, with ten banks reporting profit growth and another ten experiencing declines.

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KATHMANDU: Commercial banks in Nepal have reported a combined net profit of approximately NPR 64.15 billion for the fiscal year 2023-24, marking a notable increase of 13.40% compared to the previous fiscal year’s NPR 56.57 billion. The performance data reveal a mixed bag, with ten banks reporting ...

To facilitate the operation of instruments such as private investment funds, policies are being gradually implemented. T...
28/07/2024

To facilitate the operation of instruments such as private investment funds, policies are being gradually implemented. The budget and monetary policy for the current year have provided incentives to encourage private equity (PE) and venture capital (VC). Through the Economic Act, amendments to the Income Tax Act ensure that investments aimed at enhancing a company’s capacity are not subject to ownership transfer tax. This provision, previously controversial, has been retained with additional clarifications.

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KATHMANDU: The Nepal government is becoming increasingly liberal in its approach to operating alternative financial instruments, addressing the issue from the budget to monetary policy. As public resources alone cannot meet development needs, and available private resources are also insufficient, th...

The latest financial analysis reveals that Nepal’s economy is on an upward trajectory, with significant contributions fr...
28/07/2024

The latest financial analysis reveals that Nepal’s economy is on an upward trajectory, with significant contributions from various sectors including tourism, agriculture, and the burgeoning digital economy. The Nepal government has implemented forward-thinking economic policies aimed at fostering entrepreneurship and stimulating corporate finance. These measures are set to enhance Nepal’s economic forecast, positioning the nation as a prime destination for global trade and investment.

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KATHMANDU: Nepal’s economy is showing remarkable resilience and growth, defying the challenges posed by the global economic landscape. Recent reports indicate that Nepal’s economic development is accelerating, driven by robust business growth, strategic investment opportunities, and favorable ma...

The company had initially prepared to issue shares to Nepalis employed abroad starting from Asar 27. A source from the b...
28/07/2024

The company had initially prepared to issue shares to Nepalis employed abroad starting from Asar 27. A source from the board stated, “We directed to halt the decision until further notice last Asar. We issued the directive to halt the share sale for the benefit of general investors after receiving many complaints.”

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KATHMANDU: In response to ongoing controversies over the pricing of companies issuing primary shares through the book-building method, the Securities Board of Nepal (SEBON) has announced plans to revise the regulations and guidelines related to this method. The decision, detailed in the board’s po...

Nepal’s commitment to conservation has led to the establishment of numerous national parks and protected areas. Chitwan ...
26/07/2024

Nepal’s commitment to conservation has led to the establishment of numerous national parks and protected areas. Chitwan National Park, a UNESCO World Heritage Site, is renowned for its efforts in protecting the endangered one-horned rhinoceros and Bengal tiger. A jungle safari here offers a chance to spot these majestic animals, along with elephants, crocodiles, and a myriad of bird species. Bardia National Park, in the far west, is another hidden gem where visitors can experience pristine wilderness and rich biodiversity.

Writes: Omisha Rana

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KATHMANDU: Nepal, a landlocked country nestled in the lap of the Himalayas, is a treasure trove of natural beauty, cultural richness, and adventurous opportunities. From the towering peaks of Mount Everest to the serene landscapes of Pokhara, Nepal offers a diverse range of attractions that cater to...

In the “World’s Greatest Places 2024” issue released by Time Magazine on Thursday, author Erin Levi details Gautam’s eff...
26/07/2024

In the “World’s Greatest Places 2024” issue released by Time Magazine on Thursday, author Erin Levi details Gautam’s efforts. Formerly the director of the Jane Goodall Institute Nepal, Gautam acquired a piece of private land in the Khata Wildlife Corridor to prevent it from being turned into a casino hotel and to promote a sustainable future in tourism.

Burhan Wilderness Camps

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KATHMANDU: Burhan Wilderness Camps, located in Bardiya district, Nepal, has been named one of the world’s 100 greatest places in 2024 by Time Magazine. This prestigious recognition highlights the immense potential of Nepali tourism and places the spotlight on Bardiya as a prime destination for eco...

After becoming a Joint Secretary, her first posting was at the Election Commission, where she served for 20 months from ...
25/07/2024

After becoming a Joint Secretary, her first posting was at the Election Commission, where she served for 20 months from January 2014 (Magh 2070 B.S.) to December 2015 (2072 B.S.). She then spent five years at the Ministry of Law. She was promoted to Secretary in November 2020 (2077 B.S.) and served as Secretary of the Nepal Law Commission for two years. She is currently serving at the Office of the Prime Minister and Council of Ministers.

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KATHMANDU: The government has appointed Liladevi Gadtoula as the Chief Secretary. The Cabinet meeting held on Thursday at the Office of the Prime Minister and Council of Ministers made the decision to appoint Gadtoula as the Chief Secretary. Prithivi S***a Gurung, minister for Information, Communica...

Following the death of her husband in 1991, Shrestha took full responsibility for managing Dwarika’s Hotel. Under her le...
18/07/2024

Following the death of her husband in 1991, Shrestha took full responsibility for managing Dwarika’s Hotel. Under her leadership, the hotel maintained its esteemed reputation and goodwill, becoming a symbol of excellence in the hospitality industry and a top destination for luxury travel in Nepal.

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KATHMANDU: Renowned tourism entrepreneur Ambika Shrestha, manager of Nepal’s iconic and luxurious Dwarika’s Hotel, passed away on Thursday morning at Medicity Hospital, family sources have confirmed. Ambika Shrestha was a prominent figure in Nepal’s tourism industry, significantly contributing...

आफ्नै हात जगन्नाथ ! The controversy centers on Nabil Bank’s issuance of a so-called competitive bidding process for this...
17/07/2024

आफ्नै हात जगन्नाथ !

The controversy centers on Nabil Bank’s issuance of a so-called competitive bidding process for this procurement, which ostensibly aimed to ensure fairness and transparency. However, the process appears to have been structured in a way that effectively favored CG Motors exclusively.



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KATHMANDU: The saying “One’s own hand is God” finds new relevance with the Chaudhary Group, majority shareholders in Nabil Bank, influencing significant alterations in vehicle specifications to favor CG Motors. In a surprising disclosure, Nabil Bank Ltd., under the strong influence of the Chau...

आफ्नै हात जगन्नाथ भनेको यहि हो !The financing of these EVs by NABIL BANKnk, outside the normal business ethics of sister...
10/07/2024

आफ्नै हात जगन्नाथ भनेको यहि हो !

The financing of these EVs by NABIL BANKnk, outside the normal business ethics of sister companies, suggests a severe misuse of general consumer savings. The primary concern is that the bank has heavily invested in CG Motors’ EVs without adequate assurance regarding the repayment of these loans.

KATHMANADU: Nabil Bank Limited, where the majority of the promoter shares are owned by Chaudhary Group, has recently come under scrutiny for its financing practices concerning electric vehicles (EVs) sales by its sister company, CG Motors. The bank has financed over 450 KYC EV vans out of the more t...

KMC spokesperson Nabin Manandhar said, “There is still much to be done within our jurisdiction. The detailed report is y...
07/07/2024

KMC spokesperson Nabin Manandhar said, “There is still much to be done within our jurisdiction. The detailed report is yet to come, and if there is further delay, we have discussed imposing a ban on sales and distribution of unsafe and hazardous Wai Wai and other below standard FMCG goods in Kathmandu. India also has a history of taking action against Maggi noodles.”



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KATHMANDU: In a concerted effort to protect public health, the Kathmandu Metropolitan City (KMC) has imposed substantial fines on several companies for distributing harmful edible oils and Wai Wai instant noodles. These punitive measures highlight critical lapses in food safety standards and emphasi...

Without a parent company, Chaudhary Group has not established an official showroom or service center in Nepal for these ...
04/07/2024

Without a parent company, Chaudhary Group has not established an official showroom or service center in Nepal for these EVs. This lack of infrastructure means there is no clear pathway for addressing potential issues that arise post-sale. It remains uncertain who will take responsibility for the KYC brand’s status and any future complications.



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KATHMANDU: Chaudhary Group, a major player in Nepal’s business sector, has come under scrutiny for selling electric vans under the KYC name, a company that does not exist in any official capacity. These electric vans, manufactured in China, lack any recognized parent company, raising concerns abou...

The report advocates for the use of AI in various fields, including disease prevention and treatment, financial services...
03/07/2024

The report advocates for the use of AI in various fields, including disease prevention and treatment, financial services and analysis, construction and production, education and development, communication and experience improvement, organizational management, government services, social security, sports, research and development, agriculture, and tourism.



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KATHMANDU: For the first time, the government of Nepal has prepared a concept paper on the use and practice of Artificial Intelligence (AI). Despite the global increase in AI development and usage, Nepal lacks a comprehensive policy and legal framework. To address this, the government has initiated....

Candidates who fail to secure 35% marks in more than two subjects, or do not achieve the required marks in the grade enh...
27/06/2024

Candidates who fail to secure 35% marks in more than two subjects, or do not achieve the required marks in the grade enhancement exam, can retake the exam for subjects with NG the following year.



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KATHMANDU: The National Examination Board, Office of the Controller of Examinations, has released the results of the Secondary Education Examination (SEE). This year, only 47.86% of the total students who participated in the examination passed. Out of 444,785 students who took the exam, only 213,720...

The overall financial sector stability risk index surged to 0.69 last year, up from 0.40 four years ago. According to an...
21/06/2024

The overall financial sector stability risk index surged to 0.69 last year, up from 0.40 four years ago. According to an NRB official, an index value approaching 1 indicates a growing risk to the country’s financial stability.

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KATHMANDU: The Nepal Rastra Bank (NRB) has issued a stark warning regarding the declining quality of banks’ assets, posing significant challenges to the stability of banks and financial institutions (BFIs). The central bank’s latest ‘Financial Stability’ report, published on Wednesday, highl...

The Bangladeshi officials further stated that they plan to maintain the workforce in Nepal at around 80-90 persons, incl...
02/06/2024

The Bangladeshi officials further stated that they plan to maintain the workforce in Nepal at around 80-90 persons, including foreign workers. “After the series of layoffs, we have taken control of the daily operations of the Nepal office from Bangladesh,” the officials informed.

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KATHMANDU: Daraz, a prominent e-commerce platform owned by Chinese e-commerce giant Alibaba, has laid off 280 workers from its Nepal office. This decision marks a significant reduction in the workforce, impacting 60 percent of its employees in Nepal. The Bangladesh office now oversees the daily oper...

The bilateral agreement for electricity export involves selling around 200 MW to Bihar and about 400 MW to Haryana, faci...
30/05/2024

The bilateral agreement for electricity export involves selling around 200 MW to Bihar and about 400 MW to Haryana, facilitated by an agreement with NTPC Electricity Trading Corporation Limited-NVVN. A proposal for this arrangement has been sent to the Central Electricity Authority of India for approval.

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KATHMANDU: With the increase in water flow in Nepal’s rivers and streams due to the rainy season, the Nepal Electricity Authority (NEA) has commenced selling surplus electricity to India. The NEA began this export on Monday night, June 14, through the Indian Energy Exchange (IEX) at competitive ra...

For with capacities of up to 50 kW, the customs duty has been increased from 10 percent to 15 percent. Additionally, a...
30/05/2024

For with capacities of up to 50 kW, the customs duty has been increased from 10 percent to 15 percent. Additionally, a new excise duty of 5 percent has been imposed on these vehicles. This adjustment is expected to raise the prices of these smaller electric cars significantly, potentially dampening the enthusiasm for adopting eco-friendly vehicles in the country.

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KATHMANDU: Electric vehicles (EVs) in Nepal are expected to become more expensive by over 10 percent following the government’s decision to hike customs duties by as much as 20 percent, according to automobile dealers. This move, introduced in the annual budget for the upcoming fiscal year, has sp...

Breaking down the allocation, a significant portion of Rs 1.14066 trillion, equivalent to 61.31% of the total budget, is...
28/05/2024

Breaking down the allocation, a significant portion of Rs 1.14066 trillion, equivalent to 61.31% of the total budget, is earmarked for recurrent expenditure. Additionally, Rs 352.35 billion, constituting 18.94% of the budget, is allocated for capital expenditure, while Rs 367.18 billion is dedicated to financial management.

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KATHMANDU: In a landmark announcement, Finance Minister Barsha Man Pun revealed the eagerly awaited budget for the upcoming fiscal year 2024/25 on Tuesday. The staggering figure of Rs 1.860 trillion exceeds the previously set ceiling of Rs 1.8 trillion established by the National Planning Commission...

The Nepal Telecommunication Authority, the regulatory body overseeing telecommunications in the country, dispatched a le...
10/05/2024

The Nepal Telecommunication Authority, the regulatory body overseeing telecommunications in the country, dispatched a letter to Nepal Telecom today, confirming the issuance of a fresh license valid for a period of five years. The decision, prompted by policy ambiguities surrounding license duration and fees, has been made to ensure continuity and regulatory clarity.

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KATHMANDU: In a crucial development for Nepal’s telecommunications landscape, Nepal Telecom has been granted a new license for GSM cellular mobile service. The announcement comes on the final day of the existing license’s cancellation deadline. The Nepal Telecommunication Authority, the regulato...

The Fourth Himalayan Hydro Expo 2024 stands as a testament to Nepal’s commitment to sustainable development and harnessi...
24/04/2024

The Fourth Himalayan Hydro Expo 2024 stands as a testament to Nepal’s commitment to sustainable development and harnessing its rich natural resources for the nation’s progress. With a robust agenda encompassing technological showcases, industry forums, and networking opportunities, the expo is poised to chart a course towards a greener, more prosperous future.



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KATHMANDU: Kathmandu witnessed the inauguration of the Fourth Himalayan Hydro Expo 2024 on Wednesday, a significant event organized by the Independent Energy Producers Association, Nepal (IPPAN). The expo, slated to span three days, kicked off with fervor, marked by a vibrant rally of electric vehic...

Our primary goal with the expo is to facilitate dialogue and collaboration among governmental and non-governmental bodie...
17/04/2024

Our primary goal with the expo is to facilitate dialogue and collaboration among governmental and non-governmental bodies, investors, universities, and other stakeholders. By creating a space for sharing ideas and exploring partnerships, we aim to drive innovation and progress in the energy sector, ultimately contributing to Nepal’s sustainable development goals.

We anticipate significant investment pledges and partnerships that will drive the growth of Nepal’s clean energy sector. By harnessing the collective efforts and ideas of stakeholders, we can pave the way for a sustainable and prosperous future for Nepal.



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KATHMANDU: Independent Power Producers’ Association, Nepal (IPPAN) will host the Himalayan Hydro Expo 2024 from April 24-26 in Kathmandu. The event aims to spotlight Nepal’s hydropower potential, investment opportunities, green hydrogen advancements, and technology transfer for both domestic and...

The situation is exacerbated by the seasonal decline in hydropower production, with most plants operating at less than h...
17/04/2024

The situation is exacerbated by the seasonal decline in hydropower production, with most plants operating at less than half their capacities during the dry season. NEA reports that the actual production of hydropower projects has plummeted, exacerbating the supply-demand disparity.

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KATHMANDU: The Nepal Electricity Authority (NEA) finds itself grappling with mounting challenges as it endeavors to manage the country’s electricity supply amidst a significant drop in hydropower production, limited imports from India, and soaring demand for electricity. NEA’s records reveal a s...

The recent scrutiny surrounding this transaction has prompted legal investigations into the matter. Presently, the land ...
15/04/2024

The recent scrutiny surrounding this transaction has prompted legal investigations into the matter. Presently, the land in question is registered under the name of CG Chandbag Residence, another entity within the Chaudhary Group conglomerate.

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KATHMANDU: The Commission for the Investigation of Abuse of Authority (CIAA) has summoned Nepali Congress lawmaker and prominent industrialist Binod Chaudhary for questioning regarding the controversial registration of land previously owned by Bansbari Leather and Shoe Factory. The investigation cen...

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