As per the MoU, Nabil Bank will provide up to 80 percent financing on Nissan electric vehicles for individuals and up to 70 percent for institutions.

The loan will be used to speed up internet expansion activities across the country.

The decision came on a day when Prime Minister Pushpa Kamal Dahal was set to face yet another vote of confidence in Parliament.

Pricing starts from Rs4,890,000.

Nepal Police had held an inquest against the former deputy prime minister for holding dual passports and whether he had misused them.

The by-elections on the two vacant HoR seats following the election of the President and Vice-President, have been scheduled for the same day as Chitwan-2 by-election.

Dahal received 172 votes in the 275-member parliament, while 89 lawmakers voted against the motion and the lawmaker from the Nepal Majdoor Kisan Party stayed neutral during the process.

Taking to twitter, Dhankhar expressed that he looked forward to working with Yadav in further strengthening the bilateral relationship.

The government on March 13 had jacked up the prices of chemical fertiliser after 10 years to rein in the subsidies following the stress on the treasury.

A Cabinet meeting on Monday morning took the decision.

Yadav of the Janata Samajbadi Party was elected as the new Vice President of Nepal on Friday.

Prices for the precious metal expected to rise above record $2,000 an ounce this year.

Everest Bank will provide up to 80 percent bank finance on electric vehicles, up to 70 percent financing on non-electric vehicles for institutions, and up to 50 percent bank financing on non-electric vehicles for individuals.

The party’s secretariat meeting also decides to stand in favour of the prime minister’s trust motion.

The party says it is yet to decide on whether to join government.