Economy

Gold Prices Drop in Nepali Market; Silver Also Sees Decline

3 months ago

Kathmandu. The price of gold has fallen in the Nepali market today. According to the price list published by the Federation of Nepal Gold and Silver Traders, the price of...

Madhesh Province Government Eases Licensing for E-Rickshaw, Auto, and Tractor Drivers Lacking Literacy

3 months ago

Dhanusha. The Madhesh Province Government has announced special concessions for poor and illiterate citizens who earn a living driving e-rickshaws, autos, and tractors. While unveiling the government's 100-day achievements, Chief...

Iran-Israel Tensions: Remittance Flows Show Resilience Despite Middle East Turmoil, Officials Say

3 months ago

Kathmandu. The Middle East (West Asia) is tense due to the military standoff between Iran and Israel. These countries, which are the main destinations for more than 1.7 million Nepali...

Nepal Rastra Bank Announces Wednesday's Foreign Exchange Rates

3 months ago

Kathmandu. Nepal Rastra Bank (NRB) has set the foreign exchange rates for today (Wednesday). Accordingly, the buying rate for one US Dollar has been set at 147.50 rupees and the...

Foreign Direct Investment Commitments Drop Significantly in Nepali Month of Falgun

3 months ago

Kathmandu. Foreign Direct Investment (FDI) commitments totaling NPR 386 million were received in the current fiscal year's month of Falgun. According to the monthly data released by the Department of...

Nepal's Public Debt Rises to NPR 2.87 Trillion by Mid-Fiscal Year

3 months ago

The total public debt in Nepal, which stood at NPR 2.674 trillion at the beginning of the current fiscal year 2082/83, reached NPR 2.878 trillion by the end of Falgun,...

Lumbini Province Spends Only 27% of Budget in First Eight Months of Fiscal Year 2082/083

3 months ago

Butwal. The Lumbini Province government has spent only 27% of its total allocated budget in the first eight months of the current fiscal year 2082/083. During this period, capital expenditure...

West Asia Tensions Threaten Nepal's Energy Security Amid Rising Demand and Transformer Shortages

3 months ago

Kathmandu. The possibility of an immediate end to the conflict between Israel-America and Iran appears slim. This war, which began on February 28, is expected to impact many countries globally,...

Nepal Stock Exchange Index Rises by Double Digits; Banking and Hydropower Sectors Lead Gains

3 months ago

The Nepal Stock Exchange (NEPSE) index has shown a double-digit improvement. On Tuesday, the NEPSE index increased by 13.51 points, settling at 2,812.34 points.NEPSE stated that today, shares of 340...

Construction Sector Stalls Amid Severe Shortages and Soaring Prices of Materials and Fuel

3 months ago

Kathmandu. The country's construction sector is on the verge of collapse due to the severe shortage and excessive price hikes of construction materials, fuel, and gas. The direct impact of...

Everest Bank to Issue NPR 3 Billion Debenture, Appoints Laxmi Sunrise Capital as Manager

3 months ago

Kathmandu. Everest Bank Limited is set to issue a debenture worth NPR 3 billion. The bank has appointed Laxmi Sunrise Capital Limited as the issue and sales manager for the...

NIC Asia Bank Launches Dedicated Online Portal for Asset Auction Sales

3 months ago

NIC Asia Bank Limited has launched a separate online portal to facilitate and make transparent the auction sale process for banking, non-banking, and mortgaged assets owned by the bank.Customers can...

Bagmati Province Government Shows Sluggish Budget Spending After Eight Months of Fiscal Year 2082/083

3 months ago

Makwanpur. The Bagmati Province Government appears significantly slow in spending its budget for the current fiscal year (2082/083). After eight months of the fiscal year (from Shrawan 1 to Falgun...

Kathmandu Dairy Fails to Meet Minimum Fat Content Standards; 519 Crates of Milk Blocked

3 months ago

Kathmandu. Sitaram Gokul Milks located in Kirtipur, Kathmandu, has been found selling milk that does not meet the minimum standards set by the government.During an inspection conducted by the Department...

Nepal Bank Announces Interest Waiver Scheme for Loan Repayment and Regularization

3 months ago

Kathmandu. Nepal Bank Limited has unveiled a scheme offering interest concessions targeting its borrowers for loan repayment or regularization.The bank issued a press release on Sunday stating that this scheme...

World Bank Study Links Slow Infrastructure Development to Nepal's Economic Stagnation

3 months ago

Kathmandu. A World Bank study has revealed that Nepal's sluggish infrastructure development is severely hampering the country's overall economic growth and job creation. According to the public report on Nepal's...