KATHMANDU: Nepal Rastra Bank (NRB) has tightened rules on vehicle and other retail loans, requiring banks and financial institutions to continuously monitor borrowers’ debt-to-income (DTI) ratios throughout the loan period. In a circular issued on Monday, the central bank directed…

KATHMANDU: Major global automakers have urged Washington to block Chinese car and battery makers from setting up factories in the United States. They say the future of the American auto industry is at risk, Reuters reports. The Alliance for Automotive…

KATHMANDU: President Donald Trump has proposed a sharp rollback of U.S. fuel-economy rules for cars and light trucks, according to global media reports. The plan was announced on December 3. The earlier rule required new cars and light trucks to…

KATHMANDU: The Cabinet has returned the draft of the new Transport and Traffic Management Bill, prepared after three years of work. The Ministry of Physical Infrastructure and Transport had sent the draft bill, titled “Transport and Traffic Management Bill, 2081,”…

KATHMANDU: China has introduced a new national standard for vehicle steering systems that removes the requirement for a mechanical steering linkage, clearing the way for full steer-by-wire technology. The regulation will take effect on July 1, 2026. The standard was…