Author: Himalaya Post

Nepal and India concluded their digital Economy Seminar

KATHMANDU- Embassy of India, Kathmandu organized a seminar on Digital Public Infrastructure: Innovating together towards India-Nepal digital bridges 12 December 2023 to explore the transformative potential of Digital Public Infrastructure (DPI) for driving innovation in the digital economy with a special emphasis on India-Nepal digital connectivity. The seminar was organized in association with UNDP Nepal and Institute for Integrated Development Studies (IIDS) with the support of Nepal Rastra Bank (NRB). Ms. Rekha Sharma, Hon’ble Minister for Communication and Information Technology, Government of Nepal was the Chief Guest at the event. The Confederation of Nepalese Industries (CNI) partnered with the...

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SAARC Chamber of Commerce and Industry Meeting : Economic sector will continue to cooperate

Kathmandu – South Asian Regional Cooperation Organization (SAARC) businessmen have agreed to continue cooperation in the economic sector. The meeting of the 82nd executive committee of the SAARC Chamber of Commerce and Industry has presented the idea that cooperation in the economic and commercial fields should be intensified, while resuming the political activities and mutual disagreements of SAARC, which have been suspended for a few years. Addressing the program, Prime Minister Pushpa Kamal Dahal thanked the businessmen saying that the SAARC Industry and Commerce Association had tried to fill its vacancy when there was a slowdown in the activities...

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Nabil Bank to issue ‘Nabil Debenture 2087’, yields 9% return

KATHMANDU: Nabil Bank Limited has announced to issue ‘Nabil Debenture 2087’ worth Rs. 3 billion from December 15, 2023. The bank plans to issue 3 million units of debenture with the par value of Rs. 1,000 per unit for total of Rs. 3 billion. From the total 3 million units, 1.2 million units for value of Rs. 1.2 Billion will be issued to the general public, including a 5% quota (60,000 units for Rs. 60 million) for mutual funds and 1.8 million units for value of Rs. 1.8 Billion will be subscribed through private placement. According to the bank,...

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India-Nepal Cultural Festival Celebrates Shared Culture and Heritage

Kathmandu- Nepal-India Cultural Festival Celebrates Shared Culture and Heritage The Embassy of India in Nepal, in collaboration with Lumbini Development Trust and Lumbini Buddhist University organized the inaugural India-Nepal Cultural Festival in Lumbini on 8 December 2023. The festival showcased the rich cultural heritage and traditions of India and Nepal, with a focus on Buddhism. The festival featured Sand Mandala Drawing Art Exhibition prepared by monk artists from Hemis Monastery in Ladakh, India, photo exhibition based on the photographs of renowned photographer Benoy Behl, a Street Food Festival featuring Indian and Nepali cuisines, and a cultural programme. The festival...

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Ncell’s statement – ’80 percent shares were purchased through competition, Haven’t evaded tax’

Kathmandu- Ncell has claimed that 80 percent of the shares were purchased through competitive bidding. The company has clarified that Aziata has adopted a competitive process for the sale of its shares in Reynolds Holdings (a company based in St. Kitts). Ncell’s Statement :  Ncell is becoming 100% Nepali-Origin, owned company and now our focus is to create value for Nepali consumers, contributing towards the government in achieving the aspirations of Digital Nepal vision through operations of Ncell.  To shed some light on recent developments on shareholding in Ncell, below are some key facts which need to be communicated:...

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