Economy News
End of the Half-Tank Era: Full Gas Cylinders Resume Sales
Gas dealers have reverted to selling full 14.2kg cylinders, citing unsustainable transportation costs caused by a massive hike in diesel prices.
Gold and Silver Prices Drop in Domestic Market
Gold prices in Nepal fell by Rs 800 per tola on Wednesday, April 22 (Baishakh 9), while silver saw a decline of Rs 30 per tola. According to the Federation of Nepal Gold and Silver Dealers' Association, gold is now trading at Rs 300,500 per tola.
Monetary Management: NRB Opens Bidding for NPR 40 Arba Deposit Collection
To manage the excess liquidity in the banking system, Nepal Rastra Bank (NRB) is set to withdraw NPR 40 billion through a deposit collection instrument for a period of 160 days. The central bank is utilizing this tool as loan demand remains sluggish despite high deposit levels.
Gold Price Surges by Rs 1,600; Silver Retreats Slightly in Nepal
Gold jumps by Rs 1,600 to reach Rs 301,300, while silver drops to Rs 5,160 today.
Good News for Gold Buyers: Prices Drop by Rs. 1,300 Today!
Fine gold settles at Rs 299,700 as the domestic market sees a cooling period following recent price surges.
Transport Entrepreneurs Demand Fare Adjustment Following Fuel Price Hike
The Federation of Nepalese Transport Entrepreneurs (FNTE) has issued an ultimatum to the government: either implement a "scientific fare adjustment" or withdraw the recent hike in petroleum prices.
Reform and Service Delivery are Top Priorities: Finance Minister
Finance Minister Dr. Swarnim Wagle announced that the government is prioritizing digital service delivery and large-scale economic reforms, including the repeal of outdated laws to modernize the economy.
Rs 450 Million Distributed to Farmers in Nawalparasi Purba
Around Rs 450 million in agricultural grants were distributed to 951 farmers in Nawalparasi Purba over five years.
Nepal’s Capital Spending Falls to 23.58% in Nine Months
Nepal’s capital expenditure remains weak at just 23.58%, despite overall budget utilization reaching nearly 54%.
Gold Surges to Rs. 299,800 per Tola; Silver Also Rises
Gold prices jumped by Rs. 3,100 per tola in Nepal, reaching Rs. 299,800, while silver increased by Rs. 165.