Category: Finance

Kathmandu: Binod Chaudhary, the Chairman of Chaudhary Group and a Member of Parliament, met with Bill Gates, the co-founder of Microsoft and renowned philanthropist, during the Philanthropy Asia Alliance-2025 (PA-2025) conference held in Singapore on Tuesday. The meeting saw a serious discussion on the major challenges facing Nepal’s healthcare and employment sectors. During the conversation,… Continue reading Bill Gates and Binod Chaudhary meet to discuss Nepal’s healthcare and employment challenges

Kathmandu: The government has enforced a revised Foreign Aid Mobilization Policy 2025, aiming to improve the effectiveness of foreign aid utilization through public-private partnership (PPP) mechanisms, amid growing concerns over the underperformance of donor-funded projects. The Ministry of Finance (MoF) announced that the new policy came into effect on Friday. It replaces the previous 2020… Continue reading Nepal govt enforces new foreign aid mobilization policy amid concerns over low returns

Kathmandu: President Ramchandra Paudel has said that the government was moving ahead with a common resolve keeping in mind the common minimum commitment and priorities of the coalition government at the time of its formation. Presenting the government’s policies and programmes for the upcoming fiscal year 2082/83 BS in the joint sitting of both houses… Continue reading Government’s Policies and Programmes aimed at rapid economic development

Kathmandu: Investment Board Nepal (IBN) has endorsed a sweeping five-year Strategy and Business Plan (2081–86 BS), setting an ambitious target to mobilize up to USD 24.3 billion under the public-private partnership (PPP) model for infrastructure development — despite a lackluster performance record over the past 15 years. The strategy, approved during the Board’s meeting on… Continue reading IBN unveils $24.3B infrastructure plan amid glaring implementation gaps

Kathmandu: Central Investigation Bureau (CIB) of Nepal Police has launched a probe into 25 companies linked to controversial medical entrepreneur Durga Prasai for allegedly misusing loans totaling over Rs 7.25 billion. According to police, Prasai and his close relatives secured the loans from multiple banks and financial institutions, but diverted the funds for purposes unrelated… Continue reading CIB investigating Durga Prasai, 25 firms over misuse of Rs 7.25bn loans

Kathmandu: President Ramchandra Paudel would present government’s policies and programmes for coming fiscal year in the joint meeting of both houses of the Federal Parliament at 3:00 pm on May 2. In today’s meeting of the House of Representatives, Speaker Devraj Ghimire informed about it by reading the letter received from the Office of the… Continue reading President Paudel to present govt.’s policies, programmes on May 2

Kathmandu: Tea worth Rs 3.57 billion has been exported till April 13 of the current fiscal year 2024/25, starting July 16, 2024. Tea exports are expected to reach Rs 4.5 billion this year, according to the National Tea and Coffee Development Board. Board official Chandra Puri said Nepal’s tea sector has created around 60,000 jobs… Continue reading Nepal exports tea worth Rs 3.57 billion in last nine months

Kathmandu: China repeated Saturday that it had held no talks with the United States on trade issues, despite President Donald Trump’s claim that he had taken a call from Xi Jinping. In an interview conducted on April 22 with Time magazine and published Friday, Trump did not say when the call with the Chinese leader… Continue reading China insists no trade talks with US, despite Trump claim

Kathmandu: The price of gold in Nepal saw a significant drop on Wednesday, falling by Rs 7,500 per tola, according to the Federation of Nepal Gold and Silver Dealers’ Association. After hitting an all-time high of Rs 197,900 per tola on Tuesday, the price of fine gold has now settled at Rs 190,400 per tola.… Continue reading Gold price drops sharply in Nepal, down by Rs 7,500 per tola

Kathmandu: The price of gold surged to an all-time high of Rs 187,000 per tola in the domestic market on Thursday, marking a sharp rebound of Rs 2,700 in a single day, according to the Federation of Nepal Gold and Silver Dealers’ Association. The precious metal was traded at Rs 184,300 per tola on Tuesday,… Continue reading Gold hits record high of Rs 187,000 per tola in Nepali market