Category: Finance

Kathmandu: Nepal’s automobile sector is voicing strong discontent with the Nepal Rastra Bank’s (NRB) monetary policy for the fiscal year 2024/25. The NADA Automobiles Association of Nepal reports a 68 percent market decline, attributing the drop to unsupportive policies amid an economic slowdown. The Association claims that their recommendations for policy changes have been ignored.… Continue reading Nepal’s automobile sector criticizes NRB’s 2024/25 Monetary Policy

Kathmandu: Nepal Rastra Bank (NRB) has announced its Monetary Policy for the fiscal year 2024/2025, implementing key adjustments to its financial regulations. The central bank has reduced the bank rate and deposit collection rate as part of its new policy measures. Governor Maha Prasad Adhikari revealed that the upper limit of the interest rate corridor… Continue reading Nepal Rastra Bank unveils monetary policy for FY 2024/2025

Kathmandu: Nepal’s foreign trade statistics for the fiscal year 2023/24, released by the Department of Customs, reveal a notable improvement in the country’s trade deficit and overall trade performance. During the last fiscal year, Nepal conducted foreign trade amounting to Rs 1,745 billion, resulting in a trade deficit of Rs 1,440 billion. This marks a… Continue reading Nepal reports improved trade figures for Fiscal Year 2023/24

Kathmandu: In a remarkable turn of events, the Nepal Stock Exchange (NEPSE) recorded a substantial increase of 75.33 points on Tuesday, closing at 2,488.09 points. The day commenced with NEPSE opening at 2,412.76 points, briefly dipping to a low of 2,470.47 points within the first 15 minutes of trading. However, the index displayed a robust… Continue reading NEPSE witnesses significant surge, hits 2,488.09 points

Kathmandu: Nepal Rastra Bank (NRB) has imposed penalties on five development banks and three finance companies for breaching regulatory norms during the last quarter of the fiscal year 2023/24. The development banks facing sanctions include Karnali Development Bank, Narayani Development Bank, Corporate Development Bank, Sindhu Development Bank, and Excel Development Bank. Similarly, the finance companies… Continue reading NRB penalizes danks and finance companies for regulatory violations

Kathmandu: The scheduled release of the monetary policy by the Nepal Rastra Bank (NRB) has been postponed, according to sources familiar with the matter. Originally slated for today, the unveiling of the policy has been delayed due to recent government developments, including the appointment of Dr Yubaraj Khatiwada as the Economic Adviser to Prime Minister… Continue reading NRB postpones Monetary Policy release amidst government updates

Kathmandu: Tensions escalated today in Kathmandu’s New Road area as local residents vehemently opposed ongoing footpath expansion efforts. The situation has prompted a heavy deployment of Nepal Police, KMC Police, and additional security forces to maintain order. The protests, which began early Thursday morning, have seen confrontations between demonstrators and metropolitan police forces. The KMC… Continue reading Protests in Kathmandu’s New Road over footpath expansion

Kathmandu: Ambica Shrestha, the visionary behind Dwarika’s Hotel in Battisputali, Kathmandu, has died at the age of 92. She passed away at Mediciti Hospital in Lalitpur following a two-month battle with pneumonia and rheumatism, as confirmed by her family. Ambica Shrestha dedicated her life to realizing the aspirations of her late husband, Dwarika Das Shrestha,… Continue reading Ambica Shrestha, founder of Dwarika’s Hotel, passes away at 92

Kathmandu: Nepal is on the brink of a major stride in its energy sector as preparations intensify for a pivotal electricity trade agreement. Scheduled for July 28, energy ministers from Bangladesh and India are set to visit Nepal to finalize the terms of this groundbreaking deal. The agreement, initially inked between Nepal and Bangladesh, aims… Continue reading Nepal, Bangladesh, and India prepare for landmark electricity trade agreement

Kathmandu: On Wednesday, Nepal Stock Exchange (NEPSE) witnessed a remarkable surge, achieving a daily turnover of Rs 12.05 billion, marking its highest figure in the past 35 months. The bullish trend follows recent political developments where Nepali Congress and CPN-UML formed a coalition to replace the former government. This alliance has bolstered investor confidence, particularly… Continue reading NEPSE hits 35-month high with record daily turnover