KATHMANDU: Interest rates on auto loans have fallen sharply in Nepal, with some banks now offering floating-rate loans at below 5%. The average base rate of commercial banks has declined significantly, allowing banks to offer loans at lower rates. Some…

KATHMANDU: The Nepal Automobile Importers and Manufacturers Association (NAIMA) has asked the government to make agency registration rules more business-friendly. A NAIMA delegation met Industry, Commerce and Supplies Minister Deepak Kumar Sah on Thursday to discuss the impact of the…

KATHMANDU: The Department of Transport Management (DoTM) has tightened rules for route permits and the operation of public vehicles. The department issued an eight-point directive to the transport-related ministries of all seven provinces on Wednesday. It has instructed authorities to…

KATHMANDU: Traffic management in Nepal is becoming increasingly complex and challenging. Growing vehicle numbers, narrow roads, limited use of modern technology, restricted resources, undisciplined drivers and a state system that relies mainly on punishment have all made traffic management difficult.…

KATHMANDU: Driving licenses will soon be delivered to applicants’ homes for a fee of Rs 40. The Department of Transport Management (DoTM), Department of Postal Services and Security Printing Center have signed a tripartite agreement to start the service. The…