Category: Finance

Kathmandu: The government has removed Hitendra Dev Shakya from the post of Executive Director of the Nepal Electricity Authority (NEA), appointing Deputy Executive Director Manoj Silwal as his successor. The decision was made during a cabinet meeting on Sunday. Prior to the announcement, NEA Managing Director Kulman Ghising held a one-on-one discussion with Shakya, according… Continue reading Government removes NEA Chief Shakya, appoints Silwal amid leadership shifts

Kathmandu: The business leaders from the private sector have vowed revival, while expressing sorrow over the loss in the industrial and commercial enterprises during the Gen-Z protest taken place on September 8 and 9. During a meeting with Prime Minister Sushila Karki on Sunday, the business leaders mentioned that they would rise again with new… Continue reading Private sector estimates loss of Rs 100 billion during Gen-Z protests

Kathmandu: The price of gold in the domestic market today hits all-time high, reaching 207,900 per tola (11.66 grams). The price of gold has risen in the international market and its ripple has seen in the domestic market, it is said. According to the Federation of Nepal Gold and Silvers Dealers’ Association, on Tuesday, the… Continue reading Gold price hits all-time high, reaching 207,900 per tola in Nepali market

Kathmandu: The price of gold in Nepal surged by Rs 3,000 per tola on Sunday, setting a new record high in the domestic market just days after crossing the Rs 200,000 mark for the first time. According to the Federation of Nepal Gold and Silver Dealers’ Association, fine gold, which was traded at Rs 200,600… Continue reading Gold hits record high of Rs 203,600 per tola in Nepal

Kathmandu: Federation of Nepalese Chambers of Commerce and Industry (FNCCI) President Chandra Prasad Dhakal and Qatar Chamber Chairman Sheikh Khalifa bin Jassim bin Mohammed Al Thani held a meeting in Qatar to discuss strengthening bilateral economic and business relations. During the talks, both sides agreed to hold the next Nepal-Qatar Joint Business Council (JBC) meeting… Continue reading Nepal-Qatar joint business council meeting to be held in Kathmandu

Kathmandu: Nepal Rastra Bank (NRB) will issue new paper notes only in the denomination of Rs 5 for the upcoming Dashain festival, while providing clean notes in other denominations. The central bank said the move is part of its cost management strategy and efforts to encourage digital transactions. Until last year, NRB used to print… Continue reading NRB to issue only Rs 5 new notes for Dashain

Kathmandu: Gold price has reached all time high today reaching Rs 200 thousand 600 per tola. A tola is equivalent to 11.66 grammes. According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of one tola of gold has soared to Rs 200,600 per tola compared to Rs 199 thousand 400 per… Continue reading Gold price hits record high at Rs 200,600 per tola

Kathmandu: Nepal’s public debt increased by Rs 14.05 billion in the first month of the current fiscal year 2082/83 (2024/25), reaching Rs 2.684 trillion, the Public Debt Management Office said in its latest report. The figure, equivalent to 43.94% of GDP, includes Rs 1.42 trillion (52.26%) in external debt and Rs 1.27 trillion (47.74%) in… Continue reading Nepal’s public debt rises by Rs 14 billion in first month of new fiscal year

Kathmandu: Despite a large number of universities and colleges established in the country for higher studies, a hefty amount of money is spent for abroad studies by Nepali students. According to the Current Macroeconomic and Financial Situation of Nepal released by the Central Bank on Sunday based on annual data, travel payments from the country… Continue reading Nepali students spend Rs 138 billion for abroad studies

Kathmandu: The economic growth rate has increased and inflation has decreased in the last Fiscal Year 2024/25 as compared to the previous fiscal year. Nepal Rastra Bank (NRB) stated this in its report entitled Current Macroeconomic and Financial Situation of Nepal (Based on Annual Data (Mid-July 2025 of 2024/25) which was issued today. According to… Continue reading Nepal’s economic growth of 4.61 percent estimated for FY 2024/25