Latest NEPSE and Share Market News - Page 42
Government Allocates Rs. 700,000 for Legal and Regulatory Framework in FY 2083/84
Finance Minister Dr. Swarnim Wagle has said the government has initially allocated Rs. 700,000 for drafting laws, regulations, procedures, directives, and standards under the Ministry of Land Management, Cooperatives and Poverty Alleviation and the Ministry of Federal Affairs and General Administration for FY 2083/84.
Nepal Moves Closer to Legal Cannabis Cultivation as Wagle Signals Government Support
Finance Minister Dr. Swarnim Wagle has said the government is positive about creating the legal framework needed for the commercial production and medicinal use of cannabis in Nepal.
Gold Jumps Rs. 3,300, Silver Gains Rs. 130 in Nepal
Gold and silver prices continued their upward trend in Nepal on Friday, with gold rising by Rs. 3,300 per tola and silver by Rs. 130. Gold has surged by Rs. 12,600 per tola in just two days.
PM Balen Heads to Mustang, Gyanendra Shahi Calls It a Private Visit
Prime Minister Balendra Shah has departed for Mustang by road, with RPP leader Gyanendra Shahi describing the trip as a private visit to the Khampa Monastery and urging that it not be unnecessarily politicized.
NEPSE Gains 7.17 Points to Close at 2,629.40; Turnover Reaches Rs. 4.40 Arba
The Nepal Stock Exchange (NEPSE) gained 7.17 points on Thursday to close at 2,629.40, reversing the marginal loss recorded in the previous session. Total turnover stood at Rs. 4.40 Arba.
Hydropower Stocks Dominate NEPSE Trading in Shrawan, Taking 46% of Total Turnover
NEPSE’s latest monthly data show that investor trading was heavily concentrated in the hydropower sector in Shrawan, which alone accounted for 46.17% of total market turnover.
Nepal Oil Corporation Says LPG Supply Normal, Urges Consumers Against Hoarding
Nepal Oil Corporation has assured consumers that LPG supply remains smooth and urged them to purchase only according to their needs, as sales surged by nearly 900,000 cylinders in Shrawan.
US National Debt Surpasses $40 Trillion, Raising Fresh Economic Concerns
The US national debt has crossed the historic $40 trillion mark, more than doubling in a decade as heavy government spending and rising interest costs put increasing pressure on the economy.
SEBON Pushes Market Innovation, Regulatory Reforms and New Trading Products
Nepal’s securities regulator is preparing new market products and regulatory reforms aimed at improving efficiency, investor protection and governance in the capital market.
Finance Minister Warns Nepal’s Foreign Aid Sources Are Shrinking
Finance Minister Dr. Swarnim Wagle has warned that Nepal’s traditional sources of foreign grants and concessional loans are narrowing, increasing the need to mobilize private and alternative capital.
Nepal Government to Prioritize Domestic Goods and Services in Public Procurement
The government has directed all public bodies to give mandatory priority to locally produced goods and services in procurement, aiming to promote domestic industries, create jobs and reduce imports.
Muktinath Development Bank Launches Special Loan Scheme for Festive Season
Muktinath Development Bank has introduced a special loan scheme targeting farmers and small and medium-sized enterprises ahead of the major festivals of Teej, Dashain, Tihar and Chhath.