Economy

Babai Irrigation Project Issues 35-Day Ultimatum to Construction Firm for Recovery of Over 53 Million Rupees

2 months ago

Kathmandu. The Babai Irrigation Project has issued a 35-day ultimatum to a construction company to deposit over 53.3 million rupees into the government treasury for failing to complete work as...

Banana Prices Skyrocket in Nepal Amid Import Restrictions and Supply Chain Issues

2 months ago

Kathmandu. Bananas are one of the most consumed fruits in Nepal. Once considered an affordable, accessible, and healthy staple, this fruit has now become a luxury for the average Nepali....

Gold and Silver Prices Decline in Nepali Market

2 months ago

Kathmandu. The price of gold has decreased in the Nepali market today (Friday). According to the Federation of Nepal Gold and Silver Dealers' Association, the price of gold has dropped...

Nepal Initiates Four-Lane Expansion of Pathlaiya-Hetauda-Narayanghat Highway

2 months ago

Kathmandu. The government has initiated the process to expand the busy Pathlaiya-Hetauda-Narayanghat road section along the East-West Highway into four lanes.The 100-kilometer stretch is being expanded with loan assistance from...

Kalimati Market Releases Daily Wholesale Prices for Agricultural Produce

2 months ago

Kathmandu. The Kalimati Fruits and Vegetable Market Development Committee has determined the wholesale prices of agricultural produce for today.According to the committee, the prices per kilogram are as follows: Large...

Department of Agriculture Calls for Participation in Improved Seed Production Subsidy Program

2 months ago

Kathmandu. The Department of Agriculture has called upon local levels to participate in the incentive subsidy program for improved seed production. The department has set a deadline of Baisakh 10...

Nepal Rastra Bank Releases Foreign Exchange Rates for Friday

2 months ago

Kathmandu. The Nepal Rastra Bank has determined the foreign exchange rates for today (Friday). According to the set rates, the buying rate for one US dollar is 148 rupees 82...

From Bahrain to Myagdi: A Migrant Worker's Journey to Self-Reliance Through Goat Farming

2 months ago

Myagdi. Bhim Bhandari, a 39-year-old from Phaliyagaun, Dhaulagiri Rural Municipality-3, was forced to return home from Bahrain after four years due to health issues. Despite the burden of supporting his...

Intergovernmental Finance Council Meeting: Local and Provincial Leaders Voice Frustrations Over Fiscal Federalism

2 months ago

Kathmandu. Finance Minister Dr. Swarnim Wagle convened the first meeting of the Intergovernmental Finance Council and Thematic Committees on Thursday since assuming office.The meeting, held at the Finance Ministry's Sarwan...

Nepal's Public Debt Surges by Over 250 Billion in First Nine Months of Fiscal Year 2082/83

2 months ago

Kathmandu. In the first nine months of the current fiscal year 2082/83, Nepal's public debt has increased by more than 250 billion rupees. According to the report published by the Public...

Provincial Governments Demand Greater Fiscal and Administrative Authority from Federal Center

2 months ago

Kathmandu. Provincial governments have demanded that the federal government transfer the authority over real estate registration and land fragmentation to them.During the Inter-Governmental Fiscal Council meeting held at the Ministry...

Diesel prices surpass petrol in Nepal for the first time

2 months ago

Kathmandu. The price of diesel has exceeded that of petrol. According to the new price rates adjusted by the Nepal Oil Corporation on Wednesday, the maximum price of petrol has...

Minister Shrestha Unveils 32-Point Reform Plan for Nepal's Energy and Water Sectors

2 months ago

Kathmandu. Minister for Energy, Water Resources and Irrigation, Biraj Bhakta Shrestha, has issued a directive featuring a comprehensive 32-point action plan aimed at structural reform, transparency, and result-oriented performance in...

Nepal Rastra Bank Authorizes Commercial Banks to Collect Road Tolls via RFID

2 months ago

Kathmandu. Nepal Rastra Bank has introduced a new provision granting 'A' class commercial banks special authority to collect road usage fees (tolls). The central bank implemented this measure through the...

Local and Provincial Governments Demand Greater Fiscal Autonomy from Federal Center

2 months ago

Kathmandu. The federal government is facing mounting pressure on Finance Minister Swarnim Wagle to refrain from intervening in projects valued under 50 million rupees and to grant local and provincial...

Nepal National Business Federation Urges Finance Minister to Address Economic Stagnation

2 months ago

Kathmandu. The Nepal National Business Federation has drawn the attention of Finance Minister Dr. Swarnim Wagle to the country's current economic stagnation and the challenges faced by small and medium-sized...