Economy

Nepal Rastra Bank Sets Foreign Exchange Rates

1 month ago

Kathmandu. Nepal Rastra Bank has determined the foreign exchange rate for today (Wednesday). Accordingly, the purchase rate for one US dollar has been set at 152 rupees 71 paisa and...

Finance Minister Bans 'Pocket Plans' in Budgeting

1 month ago

Kathmandu. Finance Minister Dr. Swarnim Wagle has announced a complete ban on the practice of including 'pocket plans' that have been going on for years in the upcoming fiscal year's...

Smart Cell Faces Legal, Financial, and Administrative Disputes Amidst License Revocation and Arrest

1 month ago

Once recognized as the third-largest telecommunications service provider in Nepal, 'Smart Cell' is now at the center of legal, financial, and administrative disputes. The company's license revocation, billions in arrears,...

Crusher and Mining Industry Association Welcomes Government Policy

1 month ago

Kathmandu. The Nepal Crusher and Mining Industry Entrepreneurs Association has welcomed the government's policy and program. The policy and program for the fiscal year 2082/083, made public by the government...

Finance Ministry Outlines Five Strategies for Economic Transformation

1 month ago

Kathmandu. The Ministry of Finance has put forward five main strategies in the construction of the budget for the upcoming financial year for the transformation of the economy. Presenting the action...

Share Market Sees Double-Digit Decline

1 month ago

Kathmandu. On the third day of the week, Tuesday, the stock market saw a double-digit decline. The Nepal Stock Exchange (Nepse) index fell by 39.44 points to 2744.40 points.On this...

Public Accounts Committee Members Urge Strict Action Against Corruption to Exit International Greylist

1 month ago

Kathmandu. Members of the Public Accounts Committee have stated that Nepal has been placed on the international greylist due to widespread corruption and financial irregularities in the country, and that...

Parliamentary Committee Members Urge Increased Technology Use and Stricter Vehicle Standards for Road Safety

1 month ago

Kathmandu. Speaking in the parliamentary committee, MPs from various parties have emphasized the need to increase the use of technology to manage road safety and tighten vehicle standards. On Tuesday,...

Parliamentary Subcommittee Formed for Meeting Management

1 month ago

Kathmandu. The Industry, Commerce and Labour and Consumer Interest Committee under the House of Representatives has formed a parliamentary subcommittee to make the management and facilitation of the committee's meetings...

Finance Minister Alleges Market Manipulation and Misuse of Public Funds

1 month ago

Kathmandu. Finance Minister Dr. Swarnim Wagle has alleged that a limited group has amassed illicit wealth by manipulating the capital market, engaging in insider trading, and misusing public funds of...

Finance Minister Warns Strict Action Against Organized Smuggling and Revenue Leakage

1 month ago

Kathmandu. Finance Minister Dr. Swarnim Wagle has made it clear that the government will facilitate the purchase of daily necessities for ordinary citizens living in border areas, but will strictly...

Government Accelerates Legal Reforms, Revenue Investigation Department to be Abolished

1 month ago

Kathmandu. Finance Secretary Ghanashyam Upadhyay has stated that the government is rapidly advancing legal reforms. Speaking at the meeting of the Finance Committee under the House of Representatives held on Tuesday,...

Bhairahawa Special Economic Zone Attracts More Industries Amidst Policy Reforms

1 month ago

Butwal. The attraction of industrialists is increasing in the Special Economic Zone (SEZ) in Bhairahawa, Rupandehi. After a long time without being able to operate as expected, the SEZ is...

Global Crude Oil Prices Rise Amidst US-Iran Talks Uncertainty

1 month ago

Washington DC. Crude oil prices have further increased in the global market.Concerns about oil supply in the global market have resurfaced and prices have risen as talks to end the...

Budget Ceiling Set at NPR 1.89 Trillion for Fiscal Year 2083/84

1 month ago

Kathmandu. The budget ceiling for the upcoming fiscal year 2083/84 has been set at NPR 1.89 trillion. Finance Ministry Secretary Ghanashyam Upadhyay provided this information in the Finance Committee meeting...

Finance Committee Forms Four Subcommittees

1 month ago

Kathmandu. The Finance Committee has formed 4 sectoral subcommittees. The subcommittees formed in the meeting held on Tuesday are Public Finance, Financial Sector and Economic Development, Private Sector and Investment...