Nepal's Edible Oil Imports Surge Due to Re-export Model
Nepal's edible oil imports have significantly increased in the first 10 months of fiscal year 2082/83, reaching over 145.33 billion rupees. This surge is primarily driven by a re-export model where Nepali industries import crude oil, process it, and then re-export it to India, taking advantage of trade agreements.
Nepal Moves Towards Ethanol-Blended Petrol, Invites Producer Applications
Nepal is initiating the use of ethanol-blended petrol to reduce petroleum imports and promote renewable energy, with the Nepal Oil Corporation (NOC) inviting applications from domestic producers. The government order allows for up to 10% ethanol blending, with the final percentage to be determined by the Cabinet based on availability and supply capacity.
Neymar recalled to Brazil's World Cup squad by coach Ancelotti
Neymar has been dramatically recalled to Brazil's World Cup squad by manager Carlo Ancelotti, marking his return to the national team after a nearly three-year absence due to injuries. Ancelotti stated that Neymar's recent consistent play and improved physical condition earned him a spot on the 26-man roster for the upcoming tournament.