Category: Finance

Kathmandu: ICRA projects the full-year demand growth for FY2026 at 5.0-5.5%, lower than its expectation for the GDP growth for this fiscal (6.5%). This is owing to the early onset of the monsoon and expectations of an above average monsoon, which dampens the demand for cooling as well as demand from the agriculture segment. While… Continue reading ICRA: Power demand to rise 6–6.5% in 5 years, driven by EVs, data centres & green hydrogen

Kathmandu: The Nepali Congress (NC) has denied any involvement of Home Minister Ramesh Lekhak in the visit visa scandal. A meeting of both former and current office bearers of the party, held at the private residence of Party President Sher Bahadur Deuba in Budhanilkantha today, concluded that Minister Lekhak, who represents the party in the… Continue reading Home Minister denies involvement in visit visa scandal: NC

Kathmandu: Minister for Physical Infrastructure and Transport, Devendra Dahal, has announced that the flyover construction at Gwarko, Lalitpur, will be completed by mid-June. During his inspection of the project site this morning, Minister Dahal said that no further delays will be allowed in the completion of the construction work. He added that, barring any unforeseen… Continue reading Gwarko’s flyover will be readied for vehicular movement by mid- June: Minister Dahal

Kathmandu: Home Minister Ramesh Lekhak has said he will resign from his post and retire from politics if any corruption allegations against him are proven true. Speaking on Saturday, Lekhak responded to recent media reports linking him to a visit visa scam at Tribhuvan International Airport’s immigration office. “If even a single instance of financial… Continue reading Home Minister Lekhak vows to quit politics if corruption allegations proven

Kathmandu: The Supreme Court has upheld the decision of the Butwal bench of the High Court, Tulsipur, to keep Rastriya Swatantra Party (RSP) Chairperson Rabi Lamichhane in custody. A joint bench of Justices Dr. Nahkul Subedi and Bal Krishna Dhakal issued the ruling today following a hearing on a habeas corpus petition filed by Lamichhane’s… Continue reading Supreme Court upholds detention order against RSP Chair Rabi Lamichhane

Kathmandu: The private sector has emphasized that the budget for the upcoming fiscal year 2082-83 BS (2025-26) should open avenues for policy stability and investment. In a meeting of the Finance Committee, House of the Representatives (HoR) today, the representatives from private sector called for announcing the upcoming decade (2082-2092 BS) as an ‘investment decade’… Continue reading Private sector demands policy stability, investment promotion through new budget

Kathmandu: The rise in the price of gold in the international market has caused a spike in the price of precious yellow metal in the local market here as well. The price of gold has increased by Rs 5,000 per tola (11.66 grammes).According to the Federation of Nepal Gold and Silver Dealers’ Association, the price… Continue reading Gold price up by Rs 5,000 per tola

Kathmandu: Chief Justice Prakashman Singh Raut has administered the oath of office and secrecy to newly appointed Governor of the Nepal Rastra Bank (NRB), Dr Biswo Nath Poudel. The CJ Raut administered the oath to economist Dr Poudel amid a ceremony held at the Supreme Court today. The meeting of Council of Ministers convened on… Continue reading Chief Justice Raut administers oath of office to new NRB Governor

Kathmandu: Dr. Bishwanath Poudel has been named the 18th Governor of Nepal Rastra Bank, ending months of uncertainty over the central bank’s leadership. At a Tuesday evening Cabinet meeting, ministers approved Dr. Poudel’s appointment, a move that also helped defuse a brewing political crisis surrounding the governor’s post. Earlier that day, a high‑level recommendation committee… Continue reading Bishwanath Poudel appointed 18th Governor of Nepal Rastra Bank