Economy

Portion of Arniko Highway in Kavrepalanchok to be Closed for Two Weeks in Chaitra for Paving Work

3 months ago

Kavrepalanchok. While the upgrading of the Dhulikhel-Khawa section of the Arniko Highway in Kavre is being expedited, it will be closed for two weeks in Chaitra for asphalting (paving).Following the...

Nepal Rastra Bank Sets Daily Foreign Exchange Rates

3 months ago

Kathmandu. Nepal Rastra Bank (NRB) has set the foreign exchange rates for today. According to the determined rates, the buying rate for one US Dollar is set at 147.64 Rupees...

Nepal Rastra Bank Eases Working Capital Loan Guidelines for Businesses

3 months ago

Kathmandu. Nepal Rastra Bank (NRB) has relaxed its policy regarding working capital loans. Addressing the demands of business communities, the central bank has amended the Working Capital Loan Guideline, 2079.According...

Former Nepal Rastra Bank Executive Warns Middle East Crisis Poses Direct Threat to Nepal's Economy

3 months ago

Former Executive Director of Nepal Rastra Bank, Gunakar Bhatta, stated that the crisis unfolding in the Middle Eastern countries will directly impact the nation's economy.Speaking at an event organized by...

Nepal and India Agree on Electricity Import Rates for Next Year

3 months ago

Kathmandu. Agreement has been reached for Nepal to import electricity from the Indian states of Bihar, Uttar Pradesh, and Uttarakhand for the next year. This consensus was reached during the...

Cooking Gas Shortage Hits Consumers Hard Amid Supply Claims

3 months ago

General consumers are directly affected after problems emerged in the distribution of cooking gas.Although concerned bodies claim that there is sufficient gas supply in Nepal, general consumers are directly suffering...

Gold and Silver Prices Drop in Nepali Market Today

3 months ago

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

Chamber of Commerce President Calls for Two-Tier VAT to Boost Nepal's Economy

3 months ago

Kathmandu. The President of the Nepal Chamber of Commerce, Kamlesh Kumar Agrawal, stated that a two-tier Value Added Tax (VAT) system should be implemented to make Nepal's economy competitive. He...

US Administration Grants Temporary License for Limited Russian Oil Purchases Amid Global Market Pressure

3 months ago

Washington D.C. -- The US administration has granted temporary permission to some countries to purchase a limited amount of oil from Russia. The administration led by President Donald Trump issued...

New Bungee Jump and Adventure Park Planned for Nepal's Tourist Hub, Pokhara

3 months ago

Pokhara. A new bungee jump is set to be added in the tourist capital, Pokhara. A new destination is being constructed targeting adventure tourists.The new destination is being developed by...

Nepal Elected Chair of WTO Trade and Environment Committee

3 months ago

Kathmandu. Nepal has been elected as the Chair of the World Trade Organization (WTO) Committee on Trade and Environment.According to Nepal's Permanent Mission to the United Nations and other international...

Cooking Oil Prices Surge Amid Global Supply Chain Disruptions, Government Steps Up Monitoring

3 months ago

Kathmandu. The price of cooking oil has risen abnormally in the last month. Traders have increased the price by NPR 20 to NPR 50 per liter, citing the rising cost...

Nepal Rastra Bank Publishes Foreign Exchange Rates for Friday

3 months ago

Kathmandu. Nepal Rastra Bank (NRB) has set the foreign exchange rates for today (Friday). Accordingly, the buying rate for one US Dollar has been set at 147.21 rupees and the...

Global IME Bank Launches 24-Hour Customer Service for Overseas Nepalis

3 months ago

Kathmandu. Global IME Bank has announced it will provide 24-hour service for citizens residing abroad. The bank launched a special customer service area targeting Nepalis living overseas starting Thursday.During the...

Finance Minister Khanaal Concludes Discussions with Private Sector Leaders

3 months ago

Kathmandu. Finance Minister Rameshwar Khanal held discussions with the leaders of private sector representative organizations.On Thursday, the discussion took place at the Ministry of Finance between Finance Minister Khanal and...

Nepal's Stock Market Capitalization Reaches NPR 4.48 Trillion in First Seven Months of Fiscal Year

3 months ago

Kathmandu. The capitalization of the securities market reached NPR 4.48 trillion in the first seven months of the current fiscal year.According to data published by Nepal Rastra Bank, the stock...