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China’s rare earth restrictions threaten supply chain for Indian automakers

KATHMANDU: Indian automakers are facing growing challenges in securing rare earth magnets from China, with industry experts warning of potential production disruptions within weeks, according to Bloomberg. China, the world’s largest producer of rare earth minerals, has tightened export controls…
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Nationwide public transport halt causes disruption across Nepal

KATHMANDU: A nationwide strike by transport entrepreneurs has brought public transport services to a standstill across Nepal, causing significant disruption to daily life. The protest, led by the National Federation of Nepal Transport Entrepreneurs, comes in response to the Gandaki…
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Government keeps EV tax rates unchanged

KATHMANDU: The government has decided to keep tax rates on electric vehicles (EVs) unchanged for the upcoming fiscal year 2025/26. Finance Minister Bishnu Prasad Poudel made the announcement while presenting the national budget during a joint session of the federal…
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Government allocates budget for key road projects and tunnels

KATHMANDU: The government has announced significant investment in Nepal’s road infrastructure in the budget for the upcoming fiscal year 2025/26. Finance Minister Bishnu Prasad Paudel, while presenting the budget at the joint session of the Federal Parliament on Thursday, shared…