Economy

Finance Ministry Holds High-Level Consultations for Fiscal Year 2083/84 Budget

2 months ago

Kathmandu. A high-level discussion was held at the Ministry of Finance on Monday, focusing on preparations for the upcoming fiscal year 2083/84 budget.During the discussion, Finance Secretary Dr. Ghanshyam Upadhyaya...

Minister Geeta Chaudhary Engages with Banana Farmers to Address Agricultural Challenges

2 months ago

Kathmandu. Minister of Agriculture and Livestock Development and Minister of Forests and Environment, Geeta Chaudhary, has held a meeting with banana farmers. During the meeting, Minister Chaudhary discussed issues related...

Nepal's Foreign Trade Hits 1.71 Trillion Rupees in First Nine Months of 2082/83

2 months ago

Kathmandu. Nepal's total foreign trade reached 1.713 trillion 430 million rupees in the first nine months of the current fiscal year 2082/83. According to the Department of Customs, this figure...

The Iran Conflict and the Erosion of the Petrodollar System

2 months ago

The Iran conflict has raised fundamental questions about the petrodollar system. Since 1974, this system has served as the foundation for a bargain between the U.S. and Gulf nations, trading...

NEPSE Index Declines by 13.17 Points Amid Market Volatility

2 months ago

Kathmandu. The Nepal Stock Exchange (NEPSE) index saw a decline on the first trading day of the week. Today, the NEPSE index fell by 13.17 points to close at 2825.23...

Mahalaxmi Bikas Bank Launches Cross-Border QR Payment Service with UnionPay

2 months ago

Kathmandu. Mahalaxmi Bikas Bank has launched a cross-border QR payment service in collaboration with UnionPay International. Under this service, UnionPay wallet users can now easily make payments at Mahalaxmi Bikas Bank's...

Nepal Oil Corporation Rules Out Resuming Full 14.2kg LPG Cylinder Sales Amid Supply Uncertainty

2 months ago

Kathmandu. Despite reports of sufficient cooking gas (LPG) stocks in the market, the Nepal Oil Corporation (NOC) has stated it is not yet prepared to resume the sale of full...

Home Minister Sudhan Gurung Defends Asset Disclosures Amid Controversy

2 months ago

Kathmandu. Home Minister Sudhan Gurung has claimed that he duly disclosed his holdings in Star Micro Insurance and Liberty Micro Life Insurance within his official asset declaration.Facing controversy after being...

Budhigandaki Hydropower Project: A Decade of Stagnation and the Path to Realization

2 months ago

Kathmandu. It has been over 10 years since thousands of locals from Dhading and Gorkha left their ancestral homes. The residents of Dhading and Gorkha surrendered everything with the hope...

Nepal Life Insurance Announces 100% Late Fee Waiver for Silver Jubilee

2 months ago

Kathmandu. Nepal Life Insurance Company has unveiled a special discount scheme for policyholders to mark its 25th anniversary (Silver Jubilee). The company has announced a waiver of up to 100...

Gold and Silver Prices Decline in Nepali Market

2 months ago

Kathmandu. The price of gold has decreased in the Nepali market today. According to the details released by the Federation of Nepal Gold and Silver Dealers' Association, the price of...

Oil prices surge over 6% as tensions rise in Strait of Hormuz

2 months ago

Kathmandu. Crude oil prices surged by more than 6% on Monday after the Strait of Hormuz, a key global oil supply route, was closed again due to escalating tensions between...

Nepal Rastra Bank releases foreign exchange rates for Monday

2 months ago

Kathmandu. The Nepal Rastra Bank has determined the foreign currency exchange rates for today (Monday). According to the set rates, the buying rate for one US Dollar is 148 rupees...

110MW Dudhkoshi-5 Hydropower Project to be Developed in Solukhumbu

2 months ago

Kathmandu. A 110-megawatt Dudhkoshi-5 Hydropower Project is set to be constructed on the Dudhkoshi River in Solukhumbu district. The project is proposed to be located across wards 2, 3, 4,...

Opposition Parties Face Scrutiny Over Silence Amid Rising Inflation and Government Policies

2 months ago

Kathmandu. The impact of rising petroleum prices is being felt across all sectors. With fuel prices in Nepal surging significantly due to the conflict between Iran and the United States...

Home Minister Sudhan Gurung Linked to Controversial Business Figures

2 months ago

Kathmandu. It has been revealed that Home Minister Sudhan Gurung holds share investments in businesses linked to money laundering accused individuals, including Deepak Bhatt and Sulav Agrawal.Gurung, who rose to...