Press Releases

US tariffs to affect economic growth of S. Asia in 2026

(MENAFN) The World Bank has warned that new US tariffs on South Asian imports could significantly dampen the region’s economic growth in 2026, cutting its growth projection from 6.4% to 5.8%, according to a report published on Tuesday. The...

India sends Buddha remains to Russia to boost cultural ties

(MENAFN) On Saturday, India transported the sacred Kapilavastu Relics—believed to contain the remains of Buddha Shakyamuni, the founder of Buddhism—to Russia’s Republic of Kalmykia via a special Air Force flight. The relics will be on display in...

Nepal Rain-Induced Calamities Claim Over Fifty Lives

(MENAFN) The death toll from a series of rain-triggered calamities in Nepal has risen to 51, according to a report from the National Disaster Risk Reduction and Management Authority on Tuesday. The devastating events include 38 fatalities from...

Nepal Reports Over Forty Fatalities in Monsoon Disasters

(MENAFN) At least 43 people have died over the past 24 hours in a series of disasters triggered by relentless monsoon rains in Nepal, officials confirmed Sunday. The National Disaster Risk Reduction and Management Authority reported that 38...

Charge gets filed by victims of fatal rallies over Nepal’s ousted PM

(MENAFN) The relatives of four individuals killed during recent protests in Nepal have lodged a police complaint against former Prime Minister KP Sharma Oli and former Home Minister Ramesh Lekhak, reports indicate. The complaint has been referred...

World Bank Reduces Nepal's Growth Outlook to 2.1 Percent

(MENAFN) The World Bank has sharply reduced its economic growth forecast for Nepal, projecting a mere 2.1% expansion for the 2025-26 fiscal year, down from a previous estimate of 5.2%. The adjustment comes amid escalating political instability and...

Landslides, Flash Floods Claim Sixty Lives in Nepal

(MENAFN) The death toll from widespread landslides and flash floods in Nepal has surged to 60, local media reported on Tuesday. According to media, the victims include 19 men, 26 women, and 15 children, with the information coming from Armed...

Monsoon Rains Unleash Havoc in Nepal with Over Forty Reported Dead

(MENAFN) At least 44 people have died in Nepal following relentless monsoon rains that triggered flash floods and landslides across the country over the past 48 hours, according to the National Disaster Risk Reduction and Management Authority. The...

Road Accident Claims Six Lives in Nepal

(MENAFN) A devastating road accident in eastern Nepal claimed six lives on Saturday after a sport utility vehicle carrying a dozen passengers veered off a mountainous road and fell roughly 300 meters into a ravine, according to local police. The...

WTO members discuss professional qualification recognition and other services trade issues

Recognition of professional qualifications An experience- and information-sharing session on the recognition of professional qualifications (RPQs) of service providers was held on 2 October, as agreed by the Council for Trade in Services. The...

ZIGRAM and The PSP Association Partner to Boost AML Compliance for the Payments Sector of Nepal

This partnership will enable Nepal’s Payment Service Providers (PSPs) with advanced AML systems for a resilient and future-ready financial sector GURUGRAM, HARYANA, INDIA, October 3, 2025 /⁨EINPresswire.com⁩/ -- ZIGRAM has entered into a strategic...

Millennium EBS Secures Agreement and Purchase Order from Global IME Bank for ISO 20022 Transformer Solution

LOS ANGELES, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Millennium EBS, a subsidiary of Blueone Card Inc. (OTCQX: BCRD), today announced that it has signed an agreement and received a purchase order from Global IME Bank Ltd., one of Nepal’s largest...

Nepal Announces Sweeping Relief Plan After Gen Z Demonstrations

(MENAFN) In response to devastating youth-led protests that rocked Nepal earlier this month, the country’s interim government has announced a sweeping relief and austerity package, aiming to rebuild a battered economy and stabilize key sectors,...

Nepal Unveils Relief Plan After "Gen Z" Demonstrations

(MENAFN) Nepal’s caretaker administration has introduced a long-demanded recovery and cost-cutting initiative to respond to the large-scale devastation triggered by youth-driven "Gen Z" uprisings earlier this month, local press reported on...

Nepal launches relief plan for massive destruction after "Gen Z" protests

(MENAFN) Nepal’s interim government has introduced a significant relief and austerity program to tackle the extensive damage caused by recent youth-led “Gen Z” protests, local reports stated on Thursday. The demonstrations resulted in more than 70...

Nepal’s Interim PM Pledges to Launch Probe into Violent Protests

(MENAFN) Sushila Karki formally took office as Nepal’s interim prime minister on Sunday, pledging to investigate the violence that marred recent youth-led protests and ensuring that elections would proceed according to her government’s outlined...

Nepal Lifts Restrictions as Sushila Karki Sworn in as New PM

(MENAFN) Nepal began lifting restrictions on Saturday as the country's interim government, led by former Chief Justice Sushila Karki, assumed power in the wake of widespread unrest. Curfews and prohibitory orders have been lifted in Kathmandu,...

Nepal Eases Restrictions Amid Leadership Change

(MENAFN) Nepal started loosening its limitations on Saturday as a transitional government, led by ex-Chief Justice Sushila Karki as prime minister, assumed power in the mountainous nation. The lockdown and restriction orders were removed in the...

Nepal Names Former Chief Justice as New Interim PM

(MENAFN) Sushila Karki, Nepal’s former chief justice, was sworn in as the head of an interim government on Friday evening, days after the resignation of outgoing Prime Minister KP Sharma Oli, who stepped down on Tuesday. President Ram Chandra...

Nepal’s interim PM vows probe into violence in youth-led rallies

(MENAFN) Reports indicate that Sushila Karki officially took office as Nepal’s interim prime minister on Sunday, promising to investigate violence during recent youth-led protests and to organize elections as part of her government’s agenda....