Economy News
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.
a month ago
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.
a month ago
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.
a month ago
Gold, Silver Prices Drop Sharply in Nepal
Gold and silver prices declined in the Nepali market on Wednesday, with gold falling by Rs. 2,700 per tola and silver by Rs. 160 per tola.
a month ago
NEPSE Slides 19.34 Points as Turnover Surpasses Rs. 5 Arba
The Nepal Stock Exchange (NEPSE) declined by 19.34 points (0.73%) to close at 2,622.48 on Tuesday, extending its losing streak for a second consecutive session.
a month ago
Gold Holds Steady at Rs. 306,800, Silver Drops Rs. 15 Per Tola
Gold prices remained unchanged in the Nepali market on Tuesday, while silver declined slightly by Rs. 15 per tola.
a month ago
Title: Nepal Imports Rs. 10.55 Billion Worth of Electricity from India in FY 2082/83
Nepal imported electricity worth Rs. 10.55 billion from India during the last fiscal year to meet domestic demand, particularly during the dry season when hydropower generation declined.
a month ago
Gold and Silver Prices Rise in Nepali Market
Gold and silver prices both increased in the Nepali market on Monday, with gold rising by Rs. 1,600 per tola and silver by Rs. 60 per tola. Gold is now trading at Rs. 306,800 per tola, while silver has reached Rs. 4,770 per tola.
a month ago
NEA Profit Falls by Rs. 3.95 Billion as Costs and Financial Burden Rise
Nepal Electricity Authority (NEA) reported a sharp decline in net profit in FY 2082/83, with earnings falling by Rs. 3.95 billion compared to the previous fiscal year. The authority attributed the decline to foreign exchange fluctuations, rising financial obligations, free electricity provided to households consuming up to 20 units, higher depreciation and increased operating expenses.
a month ago
Nepal’s Power Export Boom: Rs. 17.47 Billion Earned from Electricity Exports
Nepal Electricity Authority (NEA) has made a major breakthrough in regional energy trade, earning Rs. 17.47 billion from electricity exports in FY 2081/82. With India as its primary market and preparations underway to export 40 MW to Bangladesh, Nepal’s electricity trade is expanding beyond its traditional borders.
a month ago
Taxpayer Incentive Scheme Draws Record Participation, Consumer Wins Rs. 10 Lakh
A consumer who purchased goods worth just Rs. 350 from Ganesh Electronics and Mobile Centre has won the Rs. 10 lakh bumper prize under the Inland Revenue Department’s taxpayer incentive scheme. The latest draw also selected 15 other winners, each receiving Rs. 1 lakh after tax deduction, as participation in the scheme surged sharply in the second half of Shrawan.
a month ago
Gold Surge: Gold and Silver Prices Jump in Nepal
Gold prices rose sharply by Rs. 3,600 per tola in Nepal on Sunday, while silver also gained Rs. 50 per tola as precious metals continued to trade at elevated levels in the international market.
a month ago