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Nepal's travel payment increased 11.8 percent to Rs 75.74 billion, including Rs 48.26 billion for education in the first four months of the current fiscal year 2082/83 BS. 

As per the Current Macroeconomic and Financial Situation of Nepal released on Monday by the Nepal Rastra Bank (NRB) based on four months ending mid-November, such income was Rs 26.90 billion in the same period of the previous year. 

In the same period of the previous year, travel payment was Rs 67.75 billion including Rs 37.77 billion for education.

The central bank stated that travel income increased 0.9 percent to Rs 27.15 billion in the review period. 

Net services income remained at a deficit of Rs 32.91 billion during the review period. Such income had a deficit of Rs 22.37 billion in the same period of the previous year, according to the central bank.

Likewise, the remittance inflows increased 31.4 percent to Rs 687.13 billion in the four months of current fiscal year compared to an increase of 9.4 percent in the same period of the previous year. 

During mid-October to mid-November (Kartik month), remittance inflows stood at Rs 133.82 billion. 

In the same period of the previous year, such inflows were Rs 114.31 billion, the report on the Current Macroeconomic and Financial Situation stated.

The representatives of the 11th National Congress of the CPN-UML are going to vote today to elect the new leadership of the party.  

According to the Chairman of UML Central Election Commission Dr Bijaya Subba, the voting will take place this afternoon. 

It is said that the voting will be conducted by electronic voting machines. 

A total of 80 electronic voting machines have been arranged for the voting purpose.  

Managing Director of Ram Laxman Innovation Pvt. Ltd, Laxman Rimal, said that entry of the candidates' name list is going on from the company.

“We are making efforts to complete our part in time and handover to the UML Central Election Commission," Rimal shared.

He also hinted at some delay in the voting time since it is time consuming to enter the names of the candidates given the large number of the candidates.   

Aspirant candidates on Monday registered their nominations for the post of office-bearers and central committee members and the final name list of the voters was released on Monday itself. 

The UML's 11th National Congress will elect a 301-member new central committee.

As per the schedule, the voting will be held at Bhrikutimandap in Kathmandu this afternoon. 

Chairperson KP Sharma Oli and Senior Vice Chairperson Ishwor Pokharel are vying for the top post in the UML.

Prime Minister Sushila Karki has directed the National Foundation for Development of Indigenous Nationalities (NFDIN) to work effectively by being result-oriented to justify its relevance. 

The Foundation is the state-owned institution set up for the promotion and development of indigenous nationalities.  

Addressing the 26th Board Council meeting of the Foundation, Prime Minister Karki urged the organization to work further effectively in terms of work execution. The meeting of the Foundation was chaired by the Prime Minister on Monday. 

On the occasion, PM Karki suggested that the Foundation should contribute to unveil the country's diversity through the protection and promotion of all indigenous communities' cultures, and promote the tourism activities.  

The meeting also approved the Foundation's institutional reports of the fiscal years 2081/82 and 2082/83 BS.

The value of the US dollar climbed to a record high against the Nepali rupee on December 16. 

According to the Nepal Rastra Bank (NRB), the buying rate of one US Dollar has been fixed at 144.88 and the selling rate at Rs 144.48 for today.   

According to the central bank, the buying rate of one Euro has been fixed at Rs 170.20 and the selling rate at Rs 170.90. The UK pound sterling is priced at a buying rate of Rs 193.95 and a selling rate of Rs 194.75.

The Swiss Franc is traded at Rs 182 for buying and Rs 182.75 for selling, the NRB stated.

Likewise, one Australian dollar is priced at a buying rate of Rs 96.29 and a selling rate of Rs 96.69, while 10 Japanese Yen is traded at 9.35 for buying and 9.39 for selling. 

Similarly, one Chinese Yuan is fixed at 20.56 for buying and 20.64 for selling.

As the upcoming election to the House of Representatives (HoR) is 79 days away, the Election Commission (EC) has intensified preparations for polls. 

The EC has received applications from 100 political parties, out of 114 political parties registered for the first past the post electoral system, for the proportional representation (PR) election system. 

These parties submitted their applications before the deadline for the proportional category of the HoR election, which is set for March 5. 

For the political parties registered for the PR electoral system, the EC has provided election symbol as well. 

The Commission had designated the registration period for parties aiming for the proportional election from December 7-9.

Out of the 275-member HOR, 165 members will be elected through the direct election system, while 110 members will be elected via the PR system.

The Asian Institute of Diplomacy and International Affairs (AIDIA) recently hosted consecutive high-level roundtable discussions with the non-resident ambassadors of Uzbekistan and Tajikistan, underscoring Nepal’s efforts to diversify its economic diplomacy.

 The meetings focused on strengthening bilateral trade ties and exploring opportunities for cooperation in the energy sector, highlighting growing interest in engagement with Central Asia.

The back-to-back meetings with H.E. Sardor Mirzayusupovich Rustambaev of Uzbekistan and H.E. Lukmon Bobokalonzoda of Tajikistan brought together a diverse group of Nepalese policymakers, business leaders, and energy experts, highlighting the country’s growing interest in the Central Asian region.

At the roundtable ‘Nepal-Uzbekistan: Strengthening Trade and Investment Ties,’ Ambassador Rustambaev highlighted Uzbekistan’s economic rise, reporting a GDP of nearly $115 billion in 2024 and a doubling of foreign trade to $65 billion.

"Uzbekistan has undergone comprehensive reforms to create an open, transparent economy," Ambassador Rustambaev told the gathering, positioning his country as a gateway to a regional market of 300 million consumers.

At the roundtable ‘Nepal-Tajikistan: Strengthening Bilateral Ties with Focus on Energy,’ H.E. Lukmon Bobokalonzoda highlighted the two nations’ shared potential to become the ‘energy batteries’ of South and Central Asia.

Ambassador Bobokalonzoda urged deeper technical cooperation on high-altitude infrastructure and grid management, and called for direct air links to enhance tourism and business ties between Kathmandu and Dushanbe.

Both roundtables emphasized the need for Nepal to shift from a ‘landlocked’ to a ‘land-linked’ economy, urging that diplomatic goodwill be converted into tangible economic partnerships. By organizing the dialogues, AIDIA aims to guide entrepreneurs and policymakers in tapping these often-overlooked markets, expanding Nepal’s connectivity beyond its immediate neighbors.

American singer-songwriter Mariah Carey will perform at the opening ceremony of next year's Winter Olympics, BBC reported. 

The five-time Grammy award winner will be one of the "leading performers" for the event at Milan's San Siro stadium - the home of football clubs Inter and AC Milan - on Friday, 6 February.

The Games in Milan and Cortina run from 6-22 February.

Athletes will be able to participate in the ceremony from other venues in Milan, Cortina, Valtellina and Val di Fiemme, according to BBC. 

The US has said it is ready to offer Ukraine Nato-like security guarantees to safeguard an eventual ceasefire, following talks in Berlin with European officials and a delegation from Kyiv, BBC reported. 

The "very strong" guarantees would be modelled on Nato's Article 5 clause of mutual protection, US officials said, adding that the Russians would hopefully agree to them.

While US officials talked up progress towards ending the war, there was little detail on how the thorny issue of Ukraine's sovereignty would be resolved in any peace deal, according to BBC.