Economy News
Finance Minister Shuts Down Rumors of Secret 'Hit List' to Arrest Businessmen
Finance Minister Dr. Swarnim Wagle has dismissed rumors of a government crackdown on the private sector, identifying businessmen as essential partners in building a $100 billion economy.
Rich on Paper, Empty in Pocket: The Alarming Profit-Cash Gap Crippling Nepali Banks
Nepali commercial banks are reporting high net profits while facing negative distributable profits and cash flow issues due to unpaid interest and rising bad loans.
Gold Prices Skyrocket: Massive NPR 3,800 Surge Hits the Market in Just One Week!
The price of gold in Nepal increased by NPR 3,800 per tola over the past week, reaching nearly NPR 300,000 despite significant mid-week fluctuations.
Desperate Families Scavenge for Bricks as Kathmandu Bulldozers Level Riverfront Squatter Settlements
Hundreds of families displaced by Kathmandu's demolition drive are struggling to salvage building materials from the ruins of their homes amidst heavy rainfall.
Major Breakthrough in MRP Standoff: Importers Exempt from Labeling at Customs Points for Now!
The Nepal government has temporarily eased mandatory MRP labeling requirements at customs points, allowing importers to clear goods through self-declaration. This move aims to resolve a heated dispute between authorities and the business community over logistical challenges and infrastructure.
From Local Snacks to Global Empires: The Unstoppable Rise of Nepal’s Multi-Billion Rupee Noodle Industry!
Nepal has emerged as the world's fourth-largest per-capita consumer of instant noodles, transforming a simple snack into a dominant economic force that supports over 100,000 jobs.
Gold and Silver Prices Skyrocket as Market Witnesses Another Massive Surge!
Precious metal prices continue their upward trend in Nepal, with gold rising by Rs 1,800 and silver by Rs 100 per tola on Thursday.
Power Crisis Looming? Nepal's Mighty Energy Regulator Paralyzed as Government Purges Top Leadership!
Nepal's Electricity Regulatory Commission has been left leaderless following a government ordinance that removed all its officials, halting critical processes like IPO approvals and tariff adjustments.
Traffic Finally Resumes on BP Highway After 3-Day Shutdown, But Authorities Warn of Imminent Danger
The BP Highway has reopened through a temporary diversion after being blocked for three days by floods, though officials warn of continued risks due to ongoing rainfall.
Gold Prices Take a Hit! Market Watch as Silver Defies Trend with Sudden Hike
Gold prices in Nepal decreased by Rs. 300 per tola today, while silver prices saw a modest increase of Rs. 20 per tola.
PM Balendra Shah’s Bold Housing Vow: Permanent Homes and Digital Verification for Every Landless Citizen
Prime Minister Balendra Shah has announced a nationwide initiative to identify genuine landless citizens and provide them with safe, permanent housing. The plan includes relocating those in high-risk areas and using digital data to resolve long-standing land issues.
30,000 MW Dream at Risk? Nepal’s Energy Sector Paralyzed by Policy Limbo One Month Into New Government
Despite promises of economic prosperity, the new government's first month has failed to resolve deep-seated issues in Nepal's energy sector, including PPA stagnation and infrastructure delays.