English News
ADB provides USD 200 million concessional loan and USD 35 million grant
Sunakhari News/ Kathmandu - Asian Development Bank (ADB) agreed to provide concessional loan equivalent to USD 200 million (About Rs. 23.88 billion) to the Government of Nepal (GON) for implementation of South Asia Subregional Economic Cooperation (SASEC) Power Transmission and Distribution System Strengthening Project. Similarly, the Government of Norway agreed to provide a grant co-financing equivalent to USD 35 million (About Rs. 4.18 billion)to be administered by ADB. Finance Secretary Mr. S....
Ncell hands over Ncell Scholarships and Excellence Awards 2020 to IoE students
Sunakhari News/ Kathmandu - Ncell Private Limited has handed over cash prize of Ncell Scholarships and Excellence Awards 2020 to the Institute of Engineering (IoE), Pulchowk Campus. Ncell under its Corporate Social Responsibility (CSR) initiative has been conferring the scholarships and excellence awards to outstanding students of five faculties studying in IoE, Pulchowk Campus. Since the educational institutions are closed due to COVID-19 and organising a formal programme to hand over the sc....
Government of Nepal and the World Bank Launch Youth Employment and Transformation Initiative Project
Sunakhari News / Kathmandu -The ‘Youth Employment Transformation Initiative’ project was jointly launched today by Honorable Minister of Labor, Employment and Social Security Mr. Rameshwor Raya Yadav and World Bank Country Director for Maldives, Nepal and Sri Lanka, Mr. Faris Hadad-Zervos. Financed by the World Bank to promote domestic employment, the project will enable poor and vulnerable youth gain access to employment, skills development and capacity building opportunities. Ali....
NIBL Ace Capital comes up with NIBL Professional Portfolio Service
Sunakhari News/ Kathmandu - NIBL Ace CAPITAL Limited, one of the Nepal’s leading merchant banking company and a subsidiary of Nepal Investment Bank Limited, has come up with a new tailored product”NIBL Professional Portfolio Service “under the Portfolio Management Service. This product aims to create an investment opportunity to the busy professionals, with limited time, expertise and fund to invest under this service. Its theme is “Invest Now, Pay Later “which would be very helpful....
World Bank Announces New Country Director for Maldives, Nepal and Sri Lanka
WASHINGTON/Faris Hadad- Zervos is the World Bank’s new Country Director for Maldives, Nepal and Sri Lanka, effective today. Based in the sub-regional office in Kathmandu, Nepal, he will lead World Bank support to Maldives, Nepal and Sri Lanka, overseeing the current total portfolio of around $5.5 billion. Mr. Hadad-Zervos succeeds Ms. Idah Z. Pswarayi-Riddihough, who will be taking on a new World Bank assignment. He previously served as the World Bank Country Manager for Nepal. A ....
Unprecedented Crisis Could Push Up to 60 Million into Extreme Poverty:World Bank Group
Sunakhari News- “The pandemic and shutdown of advanced economies could push as many as 60 million people into extreme poverty – erasing much of the recent progress made in poverty alleviation,” said World Bank Group President David Malpass. “The World Bank Group has moved quickly and decisively to establish emergency response operations in 100 countries, with mechanisms that allow other donors to rapidly expand the programs. To return to growth, our goal must be rapid, flexibl....
Effects of COVID-19 Pandemic in Daily Life of Nepalese People
Anish Lamichhane/ Kathmandu - COVID- 19 [Previously known as ‘Novel Coronavirus’] has affected day to day life and is slowing down the global economy. This pandemic has affected thousands of peoples, who are either sick are or being killed due to the spread of this disease. The common viral symptoms of this viral infection are fever, cold cough, bone pain and breathing problems, and ultimately leading to pneumonia. This, being a new viral disease affecting humans for the first time, vaccines....
Nepal Must Ramp Up COVID-19 Action to Protect Its People, Revive Economy
SUNAKHARI NEWS WASHINGTON Amid the mounting human toll and global economic fallout triggered by the COVID-19 pandemic, South Asian governments must ramp up action to curb the health emergency, protect their people, especially the poorest and most vulnerable, and set the stage now for fast economic recovery, says the World Bank in its twice-a-year-regional update. Released today, the latest South Asia Economic Focus anticipates a sharp economic slump in each of the region’s eight ....