Gold and silver prices witnessed a sharp rise in Nepal on Thursday (Shrawan 21), with gold climbing Rs. 8,000 per tola and silver increasing Rs. 95 per tola, according to the Federation of Nepal Gold and Silver Dealers' Association.
The Ministry of Finance has published the revised salary scale and allowances for government employees, effective Shrawan 1, FY 2083/84, following the Cabinet's approval of a 10% salary hike and an additional 10% monthly incentive allowance.
The Securities Board of Nepal (SEBON) is preparing to restart the stalled IPO approval process by evaluating all pending and new applications under the Financial Statement Review Standards, 2081, while separate committees work on long-term market reforms.
Shareholders who held Nepal Life Insurance shares as of Poush 7, 2082 BS have now received their 5% bonus shares directly into their respective Demat (beneficiary) accounts.
Gold prices in Nepal rose sharply on Wednesday, with fine gold increasing by Rs. 4,200 per tola to Rs. 288,000, while silver also gained Rs. 95 per tola.
Gold prices fell by Rs. 200 per tola in the domestic market on Tuesday, while silver prices increased by Rs. 30 per tola, according to the Federation of Nepal Gold and Silver Dealers' Association.
The Ministry of Energy is preparing a proposal to increase the VAT exemption threshold on household electricity consumption from 50 units to 150 units, aiming to ease the financial burden on consumers and encourage greater use of electricity.
Nepal's tea exports to India through the Kakarvitta border declined in both volume and value during the last fiscal year, with export earnings falling by nearly Rs 640 million.
Nepal Oil Corporation has increased the prices of petrol, diesel, kerosene and aviation fuel effective Tuesday, while keeping the price of LPG unchanged despite higher import costs.
Gold and silver prices increased in the Nepali market on Monday, with gold gaining Rs 800 per tola and silver rising by Rs 35 per tola.
Kakarbhitta Customs imported Rs. 24.50 billion worth of petroleum products, including petrol, diesel, and LPG, during the last fiscal year, generating billions of rupees in government revenue.
Gold and silver prices declined in Nepal on Sunday, with gold falling by Rs. 1,800 per tola and silver dropping by Rs. 45 per tola, according to the Federation of Nepal Gold and Silver Dealers' Association.