Category: Finance

Kathmandu: Nepal and India have signed agreements to jointly develop two 400 kV cross-border transmission line projects aimed at strengthening electricity connectivity and power trade between the two countries. The Joint Venture and Shareholders’ Agreements (JV&SHA) for the Inaruwa–New Purnea and Lamki Dododhara, Bareilly transmission lines were signed in New Delhi on Wednesday in the… Continue reading Nepal, India sign pact to build two 400 kV cross-border transmission lines

Kathmandu: Gold prices continued to fall in the Nepali market on Tuesday, dropping by Rs 2,900 per tola, according to the Federation of Nepal Gold and Silver Dealers’ Association. The price of fine gold has been fixed at Rs 237,000 per tola, down from Rs 239,900 on Monday. The precious metal has been on a… Continue reading Gold price falls by Rs 2,900 per tola in domestic market

Kathmandu: The commission investigating the suppression of the Gen-Z movement and the subsequent arson incidents has asked the Social Welfare Council (SWC) to submit details of foreign assistance received by national and international non-governmental organizations (NGOs and INGOs) over the past year. Commission Chairperson Gauri Bahadur Karki confirmed the request, saying it was part of… Continue reading Gen-Z Probe Commission seeks details of foreign aid to NGOs and INGOs

Kathmandu: Saudi Arabia has officially ended its 70-year-old Kafala (sponsorship) system, a move expected to benefit more than 13 million foreign workers, according to the Associated Press (AP). The landmark reform, first announced in June 2025, has now been formally implemented, marking a major shift in the country’s labor framework. The decision will particularly impact… Continue reading Saudi Arabia abolishes 70-year-old Kafala System, benefiting over 13 million migrant workers

Kathmandu: Gold prices soared to a new record in the domestic market on Friday, surging by Rs 7,100 per tola to reach Rs 258,000, according to the Federation of Nepal Gold and Silver Dealers’ Association. The price of fine gold was recorded at Rs 250,900 per tola on Thursday, marking a remarkable weekly gain of… Continue reading Gold hits record high of Rs 258,000 per tola in Nepali market

Kathmandu: Minister for Finance Rameshore Prasad Khanal has called on the international community to visit Nepal, emphasizing the nation’s rich natural beauty and diverse cultural heritage. Speaking at a discussion on “Sustainable Tourism: For Employment, Livelihood, and Economic Growth,” organized by the World Bank Group on Thursday in the United States, Minister Khanal highlighted tourism’s… Continue reading Finance Minister urges global community to visit Nepal

Kathmandu: The price of gold has reached an all-time high in the domestic market today. The price of the yellow metal has increased by Rs 400 per tola (11.66 grams) compared to its price on Tuesday and reached Rs 248,900, today, according to the Federation of Nepal Gold and Silver Dealers’ Association. However, the price… Continue reading Gold price hits all-time high

Kathmandu: Remittance inflows increased 33.1 percent to Rs.352.08 billion in the two months of 2025/26 compared to an increase of 15.8 percent in the same period of the previous year. This is stated in the report – Current Macroeconomic and Financial Situation of Nepal – published by Nepal Rastra Bank (NRB) on October 14. The… Continue reading Remittance inflows reach Rs 352.08 billion in first two months of FY 2025/26

Kathmandu: The government has decided to take a concessional loan of US$100 million (approximately Rs 14.25 billion) from the Asian Development Bank (ADB) to support the Public Financial Management Reform and Service Delivery Transfer Program. A Cabinet meeting held on Thursday approved the borrowing as part of efforts to strengthen the government’s budgetary system through… Continue reading Government to borrow $100 million from ADB for financial reform program

Kathmandu: The Kathmandu Metropolitan City has announced a ban on the supply of imported flowers and flower products within the city during the upcoming Tihar festival. At a press meet held today, the Metropolitan Police Force stated that the decision aims to promote domestic farmers. Similarly, the local government will establish flower supply centers at… Continue reading Imported flowers to be restricted in KMC during Tihar festival