Category: Finance

Kathmandu: Nepal Rastra Bank (NRB) is set to withdraw an additional Rs 25 billion from the banking system as part of its liquidity management efforts, after banks struggled to increase lending. According to NRB, the funds will be withdrawn through a bidding system over a period of 22 days. The central bank has invited proposals… Continue reading NRB to withdraw additional Rs 25 billion for liquidity management

Kathmandu: The price of gold in Nepal’s domestic market surged to an all-time high of Rs 171,300 per tola on Tuesday, according to the Federation of Nepal Gold and Silver Dealers’ Association. This marks an increase of Rs 500 per tola from Monday, when fine gold was priced at Rs 170,800 per tola. The previous… Continue reading Gold hits record high at Rs 171,300 per tola in Nepal

Kathmandu: Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel resumed his regular duties at the Ministry of Finance on Sunday after recovering from injuries sustained in a balloon explosion earlier this month. Paudel was injured on February 15 during the official launch event of ‘Pokhara Visit Year 2025,’ organized by Pokhara Metropolitan City. He… Continue reading FinMin Paudel resumes office after injury recovery

Kathmandu: Nepal recorded a trade deficit of Rs 861.38 billion in the first seven months of the current fiscal year, according to data released by the Department of Customs. The country’s total foreign trade during this period stood at Rs 1,115.79 billion, with imports continuing to far exceed exports. Between the start of the fiscal… Continue reading Nepal’s trade deficit reaches Rs 861.38 billion in seven months

Kathmandu: South Asia’s largest and most influential tourism fair, SATTE 2025 (South Asia Travel and Tourism Exchange), successfully concluded at Yashobhumi, New Delhi, from Falgun 7, 2081. Nepal’s diverse tourism offerings were showcased to more than 35,000 visitors, NTB with a distinguished delegation of 34 Nepali travel and tourism companies promoting Nepal’s tourism assets. The… Continue reading NTB successfully participates in SATTE 2025

Kathmandu: Nepal Airlines Corporation (NAC) and Japan Airlines have signed a bilateral interline agreement, enabling passengers to book tickets through Nepal Airlines for global destinations while traveling via Japan Airlines. The Nepal Airlines Corporation (NAC) and Japan’s national flag carrier Japan Airlines finalized this partnership to expand business and connectivity. As per the agreement, NAC’s… Continue reading NAC and Japan Airlines sign bilateral interline agreement

Kathmandu: The Finance Ministry has approved Rs 18.88 billion for the reconstruction of 26 infrastructure projects, including roads and bridges, damaged by the floods and landslides in late September. Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel finalized the resource agreement on Wednesday after a request from the Ministry of Physical Infrastructure and Transport… Continue reading Finance Ministry releases Rs 18.88 bn for reconstruction of flood-damaged roads, bridges

Kathmandu: The United States government has put all US-funded Millennium Challenge Corporation (MCC) projects in Nepal on hold for 90 days, citing an executive order issued by President Donald Trump on January 20, 2025. The decision was conveyed through an email from the Washington DC-based MCC to Nepal’s Ministry of Finance on February 14. The… Continue reading US suspends MCC projects in Nepal for 90 days

Kathmandu: The United States has withdrawn $39 million (Rs 5.39 billion) in aid previously allocated for Nepal’s fiscal federalism and biodiversity conservation programs. The funding cuts are part of a broader move to scale back foreign assistance across multiple sectors. The Department of Government Efficiency (DOGE), led by billionaire entrepreneur Elon Musk, announced the decision… Continue reading US cancels $39 million in aid to Nepal for fiscal federalism, biodiversity conservation

Kathmandu: Prime Minister KP Sharma Oli has appointed Non-Resident Nepali Association (NRNA) President Badri KC as a member of the Industry, Commerce, and Promotion Dialogue Council. The appointment, based on a Cabinet decision from December 20, 2024, falls under the 2075 BS Industry, Commerce, and Promotion Dialogue Council (Formation) Order. The council, formed to facilitate… Continue reading PM appoints NRNA President Badri KC to Industry, Commerce Dialogue Council