KATHMANDU, March 24: The government is providing fiscal equalization grants (FEG) worth Rs 148 billion to sub-national grants in the next fiscal year.

KATHMANDU, March 24: Majority of commercial banks have lowered their base interest rates on loans to single digit after they were overwhelmed with excess loanable funds.

KATHMANDU, March 24: The National Natural Resources and Fiscal Commission (NNRFC) has proposed the fiscal equalization grant to be provided to the provinces and local governments in the upcoming fiscal year 2081-82 BS (2024-25) and recommended its implementation to the federal government. The grant is to be sourced from the Federal Consolidated Fund.

KATHMANDU, March 24: The downward trend in loan interest rates has commenced as banks gradually adjust their rates in response to continuous decreases in deposit interest rates over recent months.

Manthali-Lukla direct flights begin

Published On: March 24, 2024 08:30 PM NPT By: Republica

MANTHALI (RAMECHHAP), March 24: With the start of the trekking and mountaineering season, daily flights to Lukla have started from Ramechhap's Manthali Airport.

PRIA, earlier closed due to eagles, resumes operations

Published On: March 24, 2024 03:15 PM NPT By: Santosh Pokharel

POKHARA, March 24: After being closed since 8:00 AM due to the presence of eagles on the runway, Pokhara Regional International Airport (PRIA) has finally reopened its runways to air traffic.

PRIA closed since 8 AM due to eagles on runway

Published On: March 24, 2024 02:30 PM NPT By: Santosh Pokharel

POKHARA, March 24: The Pokhara Regional International Airport (PRIA) remains closed since 8 AM today due to the presence of eagles on the runway.

ABC trek draws crowds of visitors

Published On: March 24, 2024 01:30 PM NPT By: Santosh Pokharel

POKHARA, March 24: Annapurna Base Camp (ABC) above Ghandruk, considered the trail's gateway, is bustling with both local and foreign guests up to the base camp. Tourism entrepreneurs in the area noted that while Ghandruk sees a surge in domestic guests, the base camp area primarily accommodates foreign visitors.

BUTWAL, March 24: Visitors can now book tickets online to visit Lumbini, the birthplace of the Buddha. The Lumbini Development Trust (LDT) has launched an online ticketing system for visitors planning a trip to Lumbini.

NAC seeks compensation from IAI for delay in repair

Published On: March 24, 2024 10:00 AM NPT By: Republica

KATHMANDU, March 24: The Nepal Airlines Corporation (NAC) has demanded compensation from Israel Aerospace Industries (IAI), a maintenance and repair company, stating that the company did not honor the aircraft maintenance contract as per the agreement.