Economy

Nepal Receives NPR 65.39 Billion in Development Aid Commitments in First Half of Fiscal Year

4 months ago

Kathmandu. In recent times, the development aid committed by donor agencies has been increasing alongside the commitments themselves. According to the Ministry of Finance, development aid commitments totaling NPR 65.39...

Gold Prices Rise in Nepali Market, Silver Also Sees Increase

4 months ago

Kathmandu. The price of gold has increased in the Nepali market. According to the Federation of Nepal Gold and Silver Traders, the price of gold increased by NPR 1,100 per...

Nepal Government Projects 3.5% Economic Growth Amidst Setbacks

4 months ago

Kathmandu. The government has projected the country's economic growth rate to be limited to 3.5 percent. This projection was made in the mid-term review of the current fiscal year's budget.The...

Kalimati Market Sets Wholesale Prices for Fruits and Vegetables

4 months ago

The Kalimati Fruit and Vegetable Market Development Committee has set the wholesale prices for agricultural produce for today. According to the committee, the prices are: Large Tomato (Indian) NPR 70...

Nepal Rastra Bank Announces Daily Foreign Exchange Rates

4 months ago

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

Four Key Development Ministries Show Dismal Spending in Mid-Year Budget Review

4 months ago

Kathmandu. Although the government allocated a large sum for development in the budget for the fiscal year 2082/83, actual spending has been meager. The mid-year expenditure status of four development...

Nepal Government Revises Downward Fiscal Year Spending Projection in Half-Year Review

4 months ago

Kathmandu. The government on Sunday published its first half-yearly review report for the current fiscal year (2082/83).The report revised the estimates for all types of expenditures and revenues, projecting that...

Provincial Governments Show Disappointing Spending Levels Midway Through Fiscal Year

4 months ago

Expenditure status of provincial governments appears dismal even as more than half of the current fiscal year has passed. According to the 'Mid-term Evaluation Report of Budget for FY 2082/83'...

Qatari Delegation Discusses Strengthening Bilateral Trade and Investment with IME Group in Kathmandu

4 months ago

Kathmandu. A delegation led by Mohad Ahmed M.A. Al Obaidli, a board member of the Qatar Chamber of Commerce and Industry, which is currently on a visit to Nepal, held...

Finance Minister Clarifies Budget Size Remains Unchanged Amid Mid-Year Review

4 months ago

Kathmandu. Finance Minister Rameswor Khanal has clarified that the size of the budget has not decreased. While reviewing the budget for the current fiscal year 2082/83 at the mid-year point,...

Nepal's Mountain Tourism: Untapped Potential and Urgent Reforms Needed, Says Mountaineering Association Chief

4 months ago

This dialogue focuses on the immense potential and existing challenges facing Nepal's mountain tourism sector, considered the backbone of the Nepali economy.What should be the role of the tourism sector...

Nepal's Mountain Tourism Stifled by Outdated Laws, Bureaucracy, and High Costs

4 months ago

Nepal's identity globally is tied to its mountains and hills. It is no exaggeration to say that mountain tourism is the backbone of Nepal's economy, yet this sector, brimming with...

Nepal's Mid-Year Budget Review Reveals Dismal Capital Spending Amid High Administrative Costs

4 months ago

Kathmandu. The Ministry of Finance has published the mid-term evaluation report of the budget for the current fiscal year 2082/83. According to the public details, while the pressure from the...

Qatari Delegation Meets Nepal Rastra Bank Governor to Discuss Investment Opportunities

4 months ago

A Qatari delegation, visiting Nepal at the invitation of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), held a meeting with the Governor of Nepal Rastra Bank (NRB),...

Finance Minister Cites Health Ministry's Poor Budget Prioritization for Insurance Payment Crisis

4 months ago

Kathmandu. Finance Minister Rameswor Khanal stated that the current problems in health insurance payments stem from the Ministry of Health's failure to set priorities while formulating the budget.While unveiling the...

Federal Ministries Show Wide Disparity in Mid-Year Budget Spending, Ranging from 6% to 55%

4 months ago

Kathmandu. Federal ministries have spent between 6 percent and 55 percent of their budgets by the end of Poush (mid-January). This was revealed by the mid-year review for the current...