Economy

Nepal Finalizes Budget Calendar for Fiscal Year 2083/84 Amidst Political Transition

3 months ago

The budget calendar for the upcoming fiscal year 2083/84 has been prepared, requiring all line ministries to submit their plans and programs by Chaitra 15 (mid-March/early-April).Even with a new government...

Remembering Economist Acharya: A Tribute to a Guiding Figure in Nepal's Economy

3 months ago

This morning, I heard unexpected and sad news dash; the respected Keshav Acharya Dai is no longer with us. As soon as I heard this news, his dignified face, cheerful...

Anjan Shrestha's Panel Announced for Upcoming Federation Elections

3 months ago

Kathmandu. The panel for Anjan Shrestha, the prospective President of the upcoming Federation of Nepalese Chambers of Commerce and Industry (FNCCI) elections, has been announced. The team of Senior Vice...

Nepal Insurance Authority Penalizes Eight Insurance Companies for Non-Compliance with Insurance Act 2079 Provisions

3 months ago

Kathmandu. The Nepal Insurance Authority has taken action against eight insurance companies for failing to comply with the provisions of the Insurance Act 2079. Action was taken against these companies...

Nepal Stock Exchange Index Sees Marginal Rise; Trading Volume Reaches NPR 15.78 Billion

3 months ago

Kathmandu. The Nepal Stock Exchange (NEPSE) index saw a slight increase on Monday. Today, the NEPSE index rose by 5.01 points to reach 2,936.56.On this day, shares of 342 companies...

Bagmati Province Collects 36.29% of Revenue Target in First Eight Months of FY 2082/83

3 months ago

Hetauda. The Bagmati Province Government has collected NPR 24.49 billion two million eighty-seven thousand in revenue in the first eight months of the current fiscal year 2082/83, achieving 36.29 percent...

Skechers Opens New, Large Showroom in Kathmandu's Civil Mall

3 months ago

Kathmandu. The world-renowned lifestyle and sports footwear brand 'Skechers' has inaugurated its new and large showroom at Civil Mall in Sundhara, Kathmandu.The sole official distributor for Skechers in Nepal, 'Gorgeous...

Skoda Superb Sets New Guinness World Record for Longest Distance on Single Tank of Fuel

3 months ago

Automobile company Skoda has demonstrated its engineering prowess by setting a new world record in 'real-world' driving. A model of the Skoda Superb successfully completed a journey of 2,831 kilometers...

Attorney General's Office Rules Favor Internet Providers on Maintenance Fees, Easing Consumer Burden

3 months ago

The Internet Service Providers Association of Nepal (ISPAN) has asserted that the Office of the Attorney General has made a historic and far-reaching decision towards ensuring affordable and accessible internet...

27th Flora Expo Concludes with NPR 12.22 Million in Transactions

3 months ago

Kathmandu. The 27th Flora Expo, organized with the objective of promoting the floriculture business, recorded a total economic transaction of NPR 12.22 million. The Floriculture Association Nepal stated that a...

Nepal Eases Strict Rules for Solo Foreign Trekkers in Restricted Areas

3 months ago

Kathmandu. The government has made significant amendments to the strict regulations concerning 'single trekkers' when hiking in restricted areas of Nepal for foreign tourists. The Department of Immigration, through a...

Mustang Customs Office Collects Nearly NPR 6 Billion in Revenue Since Reopening

3 months ago

Mustang. The Mustang Customs Office at the Nepal-China northern Korala border crossing has reported collecting nearly six billion rupees in revenue in the current fiscal year, according to the office....

Nepal's Department of Mines Grants Excavation Permits for 16 Types of Minerals

3 months ago

The Department of Mines and Geology has granted excavation permits for 16 types of mineral resources, including limestone, red clay, metals, and stones. The department has issued excavation licenses with...

Nepal's Trade Deficit Widens to Nearly NPR 1 Trillion with Five Key Nations by Mid-February

3 months ago

As dependence on imports continues to surge, Nepal's trade deficit is growing ever larger. According to data released by the Department of Customs up to the end of Falgun, Nepal...

Koshi Province Economy in Crisis Due to Unfunded Multi-Year Contracts, Finance Minister Warns

3 months ago

Biratnagar. The financial balance of the Koshi Province government has been severely disrupted by billions in liabilities stemming from arbitrary multi-year contracts awarded by previous administrations without securing the necessary...

National Cooperative Regulation Authority Halts Registration and Documentation for Savings and Credit Cooperatives

3 months ago

Kathmandu. The registration and documentation process for cooperatives will cease from Chaitra 17. The National Cooperative Regulation Authority issued a notice stating that the registration and documentation process for cooperative...