Kathmandu: The improvement seen in the tourism sector affected by the Corona virus (Covid-19) epidemic has gradually started to be seen in the income as well.



Tourism income has improved in the fiscal year 2021/22.



According to Nepal Rastra Bank, the tourism income this year is 32.44 billion rupees.



The income from tourism sector was reduced to only Rs 7.26 billion in the previous fiscal year 2020/21. The travel and tourism sector was badly affected by the pandemic.



Meanwhile, in the fiscal year 2019/20, the tourism income was 60.85 billion rupees. In the last four months of that year, the arrival of tourists was stopped due to the corona epidemic.

Nepal earns 32 and a half bn from tourism in last 12 months

Kathmandu: Nepal Oil Corporation (NOC) has again refused to reduce fuel price eventhought the Indian Oil Corporation has reduced the fuel price. Rather NOC has requested the consumers to understand the loss of NOC. The corporation has also said that earlier it didn't fuel price understanding the situation of consumers, now its consumer's role to cope the situation.



NOC also informed that despite the profit in petrol due to the price reduction, the corporation still has a loss in diesel and LP gas.

NOC again refuses to reduce fuel price

Kathmandu: China has agreed to import tea produced in Nepal.



During the visit of Nepal's foreign minister to China, China has agreed to open its market to Nepal tea, according to the Ministry of Foreign Affairs.



China has said that it will open its market for Nepali tea when businessmen are talking about obstacles in the export of tea to India.



Nepal has been asking China to open their market for Nepali tea products for last 2 years.

China agrees to import Nepali tea

Kathmandu: Foreign Minister Narayan Khadka, who is on China visit, met Chinese Foreign Minister Wang Yi.



According to the Chinese media, there was a discussion about the expansion of mutual relations between the two countries during the meeting held in the city of Changdao in the Shandong province of China.



In the discussion, there was a discussion about moving forward with the previously agreed physical projects.



Discussions have been held with China regarding the expansion of the second section of the Kathmandu Ring Road, the Tokha-Chhare tunnel and the Kathmandu-Kerung railway line.

Foreign Minister Khadka meets Chinese Foreign Minister Wang Yi

Kathmandu: The government has set a date to bring Pokhara Regional International Airport into operation.



Jagannath Niraula, spokesperson of the authority, informed that the meeting of the board of directors of Civil Aviation Authority of Nepal (CAAN) held on Sunday decided to bring the airport into operation from December.



The meeting was chaired by Minister of Culture, Tourism and Civil Aviation Jeevan Ram Shrestha. With the operation of this airport, the number of international airports in Nepal will reach three.



Gautam Buddha International Airport came into operation in Nepal only in the last fiscal year.

Pokhara Regional International Airport to be operational from December

Kathmandu: Finance Minister Janardan Sharma has claimed that the country will be self-relaint on vegetable production.



Adressing the Bhimdutta Pant Memorial Day program on Tuesday he mentioned that the budget brought by the government is focused on agricultural production and urged everyone to work in the field of production.



Minister Sharma said that the budget provides for self-reliance in agriculture and import substitution through industrial production.



He said that the country's economy can be strengthened only by promoting agricultural sector.

Finance Minister Sharma claims Nepal to become self-reliant on vegetables in six months

Kathmandu: Deputy Secretary of the Ministry of Culture, Tourism and Civil Aviation, Pramod Nepal, has been arrested with a bribe of 600,000 rupees and unidentified 1.6 mn rupees.



According to the Abuse of Authority Investigation Commission, Nepal was arrested red-handed with a bribe of 600,000 rupees from a hotel in Nagpokhari. According to the authority, he was taking bribe for registration of tourism business. At the meantime the authority has also found unidentified 1.6 million rupees cash from his car.



Further investigations are underway.

Deputy Secretary of Tourism Ministry arrested with bribe

Kathmandu: Federation of Large Cardamom Entrepreneurs of Nepal (FLCEN) in collaboration with the Hotel Association of Nepal (HAN) supported by the Ministry of Agriculture, Province 1 and the Swiss Agency for Development and Cooperation (SDC) is launching the 'Wah! Alaichi campaign'. The campaign focuses on raising awareness, increasing the use and consumption of Nepali large cardamom among domestic and commercial consumers.



The campaign will not only enhance the traditional value of Nepali large cardamom and its usage in Nepali dishes as an important ingredient but will also increase economic advantage.



Chef Santosh Shah, known as the winner of UK’s reality cookery TV series BBC MasterChef: The Professionals Rematch as its brand ambassador, the Wah! Alaichi campaign will also curate special recipes to promote Nepali large cardamom in the domestic market.



In addition, the campaign will also provide a platform for young aspiring apprentices and Chefs to enhance their culinary skills and use Nepali large cardamom innovatively.



Globally Nepal is the largest producer of large cardamom producing 6,600 metric ton of the global market and the main source of income for farmers in the Eastern Nepal.



However, the domestic use of Nepali large cardamom has not increased, rather it is being substituted by green cardamom which is 100 percent imported from countries like Gautemala and India.

Chef Santosh Sah; brand ambassador for Nepali cardamom

Kathmandu: The U.S. Embassy in collaboration with the American Chamber of Commerce (AmCham Nepal) organized a one-day workshop with business and government leaders to promote sustainable economic development in Nepal.



The topics discussed focused on Nepal’s business environment and investment policy initiatives.



Entrepreneurs, executives, business association representatives, development agencies, think tanks, and government officials including all key stakeholders participated the event.



The event was also an opportunity for the U.S. Embassy to demonstrate support for increased U.S. business investment and engagement in Nepal.   The event also highlighted the new and rapidly growing American Chamber of Commerce in Nepal (AmCham Nepal), which is working to support the U.S.-Nepal trade and investment relationship.

U.S. Embassy collaborate with and American Chamber of Commerce to promote Sustainable Economic Development in Nepal

Kathmandu: The Securities Board of Nepal (SEBON) is preparing to allow people, who are in foreign employment, to invest in stock market of the country.



Chairman of the Board, Ramesh Kumar Hamal announced this planning while announcing the policy and program of the board for the financial year 2022/23.



Chairman Hamal said that Nepalis who have gone abroad for employment will arrange C-Asba so that they can invest in the stock market. This policy has been expected to facilitate the non-resident Nepalis as well.

Govt preparing to allow migrant workers to invest in stock market

Kathmandu: The Ministry of Home Affairs has requested the citizens not to be lured by safe labor and employment through the visit visa.



Recently, the ministry has requested people not to go abroad on a visit visa with the intention of employment, saying that there have been complaints that lots of people have stucked abroad who had visited on a visit visa and not being able to get a job, and also having problem to return home.



The ministry has also mentioned that the Nepal government has no legal basis to provide insurance, compensation and relief for those who have gone abroad illegally and are in trouble.



Rather the ministry has requested to apply for work permit visa only.

Nepal govt requests not to go abroad for work on visit visa

Kathmandu: Nepal has requested to facilitate the export of wheat and sugar from India.



The Ministry of Industry, Commerce and Supply has sent a letter to the Indian counterpart ministry through the Ministry of Foreign Affairs on Sunday and requested to facilitate wheat and sugar export to Nepal.



India banned the export of sugar on June 18 and wheat on May 30 citing the food crisi in the country. Although India has said that the export is not valid for Nepal, the industrial traders have been complaining that the import has been affected.



Thus, a letter has been sent to India on Sunday to facilitate the export of sugar, wheat and wheat flour products.

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