Government Orders Squatters Out of Holding Centers, Drawing Criticism Over Treatment of Displaced Families

Kathmandu – The government has decided to remove landless squatters currently living in temporary holding centers. Authorities have instructed residents to vacate the facilities after receiving the support and benefits promised by the government. Many of the families had...


Control of Water is Emerging as South Asia’s New Strategic Battleground

South Asia — Growing disputes over shared rivers are raising concerns about regional stability across South Asia, with water increasingly becoming a strategic and political issue rather than a purely environmental one. Recently, Pakistan accused India of “weaponizing water”...


Bangladesh to Build Padma Barrage as Water-Sharing Uncertainty with India Deepens

Dhaka — Bangladesh has approved the first phase of the $2.8 billion Barrage project to be built in a Padma river to tackle dry-season water shortages and rising salinity near the country’s southwest border. The project is expected to...


Tata Electronics Investigates Major Cyber Intrusion After Sensitive Apple and Tesla Documents Surface Online

New Delhi — Tata Electronics is probing a cybersecurity breach after a ransomware-linked group allegedly published a vast cache of internal company data, including documents purportedly connected to key clients Apple and Tesla. The company confirmed that it recently...


FATF Keeps Nepal on Grey List, Raising Pressure on Banking and Foreign Investment

Kathmandu – Nepal has once again come under heightened international financial scrutiny. The Financial Action Task Force (FATF), the global intergovernmental body responsible for setting standards to combat money laundering and terrorist financing, has decided to keep Nepal on...


IME Life Upgraded to ‘A-’ Rating on Strong Claims Settlement and Risk Management

Kathmandu – IME Life Insurance Company Limited has received an upgraded credit rating. CARE Ratings Nepal Limited has raised the company’s issuer rating from ‘BBB+’ to ‘A-’, indicating that the insurer is considered adequately safe in meeting its financial...


Sanima Reliance Life Wins ‘Corporate Life Insurance of the Year 2026’ Award

Kathmandu: Sanima Reliance Life Insurance Limited has been honored with the “Corporate Life Insurance of the Year 2026” award at the 18th Corporate Business Awards 2026. Organized by Corporate Media Group, the 18th edition of the Corporate Business Summit...


ADB to Invest $115 Million in Nepal’s Urban Water and Sanitation Infrastructure

Kathmandu — The Asian Development Bank (ADB) has approved a concessional loan of $115 million to improve drinking water supply, sanitation services, and climate resilience in rapidly urbanizing municipalities across Nepal. The financing will be utilized under the Integrated Water...


Non-Life Insurers’ Catastrophe Funds Exceed NPR 2.20 Billion as Companies Strengthen Disaster Reserves

Kathmandu — Nepal’s non-life insurance companies have continued to strengthen their financial buffers against large-scale disasters, with the combined balance of catastrophe funds maintained by 14 insurers rising to more than NPR 2.20 billion by the May of FY...


Fintech and Banking Innovation Get a Boost as Nepal Rastra Bank Introduces Regulatory Sandbox Framework

Kathmandu — Nepal Rastra Bank (NRB) has issued a new Regulatory Sandbox Directive, allowing innovative financial products and services to be tested in a controlled environment with the aim of promoting innovation in the financial sector. The central bank...