The government estimates that NRS 95.42 billion will be required for immediate and long-term recovery measures, including removing flood debris, reducing disaster risks and ensuring inclusive rehabilitation following the Bhotekoshi floods.
Finance Minister Dr. Swarnim Wagle has announced five special economic packages, including a 10–12 point policy reform plan for the sluggish capital market expected to be introduced within a week.
The government has intensified monitoring of the LPG market following the appointment of Industry, Commerce and Supplies Minister Deepak Kumar Shah, with a Kathmandu shop fined NRS 300,000 for selling cooking gas above the government-set price.
Prime Minister Balendra Shah has resumed meetings with leading entrepreneurs, holding discussions with Binod Chaudhary, Pawan Golyan, Umesh Shrestha and Chandra Dhakal on Nepal’s economic challenges and ways to revive business activity.
RSP lawmaker Ashika Tamang has criticized the government over the ongoing gas shortage, warning that repeatedly changing ministers to address the problem could create a longer line of ministers than gas cylinders.
Finance Minister Dr. Swarnim Wagle has rejected concerns over government interference in Nepal Rastra Bank, saying the government will not unnecessarily influence the central bank’s monetary policy, circulars, or decisions.
Gold and silver prices recorded a sharp decline in the Nepali market on Friday, with gold falling by NRS 4,800 per tola and silver dropping by NRS 255 per tola.
United Idi Mardi and RB Hydropower Limited has proposed a 5% bonus share dividend along with 0.26% cash dividend for tax purposes from its profit for FY 2082/83.
Beni Hydropower Project Limited’s IPO for the general public has entered its final day, with investors able to apply for 863,200 ordinary shares at NRS 100 per share.
Nepal’s stock market extended its decline for a second consecutive session, with the NEPSE index falling 13.85 points (0.54%) to close at 2,531.55. Turnover stood at around NRS 4 billion.
The Prime Minister Disaster Relief Fund has accumulated a total balance of more than NRS 12.43 billion, including deposits in Nepali rupee and US dollar accounts.
Nepal Telecom has reshuffled its Board of Directors, appointing Rajendra Kumar Poudel as Chairman and Ravilal Sharma as a new Board Member.