Category: Finance

Kathmandu: Nepal Rastra Bank (NRB) has published the first quarterly review of the monetary policy for the fiscal year 2024/25, confirming the continuation of the policy framework announced in mid-July. The NRB has stated that the current monetary policy aims to support the expansion of economic activities while ensuring price stability and external sector stability.… Continue reading NRB maintains Monetary Policy for FY 2024/25 in quarterly review

Kathmandu: Nearly two years after its inauguration, the Pokhara Regional International Airport (PRIA) is preparing to host its first regular international flight. Himalaya Airlines, a Nepal-China joint venture, has announced plans to operate flights between Pokhara and Lhasa, China, with the first flight expected to take off in the first week of January 2025. Although… Continue reading PRIA set to host first regular international flight

Kathmandu: Nepal Electricity Authority (NEA) has announced that it will not disconnect electricity supply to industries with overdue payments, reversing earlier plans to take such action. A meeting of the NEA’s Board of Directors, held Wednesday under the chairmanship of Energy, Water Resources, and Irrigation Minister, decided to halt the planned disconnections after receiving directives… Continue reading NEA decides against power cut for defaulting industries following ERC Directive

Kathmandu: The price of gold in the domestic market decreased by Rs 2,600 per tola on Tuesday, settling at Rs 148,700 per tola, according to the Federation of Nepal Gold and Silver Dealers’ Associations. This follows a significant decline of Rs 15,900 per tola on Monday, which was attributed to the government’s decision to reduce… Continue reading Gold prices drop by Rs 2,600 per tola in Nepali market

Kathmandu: In a dramatic shift, the price of gold in Nepal has dropped sharply following a reduction in the customs duty on the precious metal. On a single day, the price of gold plummeted by Rs 15,900 per tola, following a Cabinet decision to slash the customs duty for gold from 20% to 10%. Previously,… Continue reading Gold prices plunge in Nepali market after govt slashes customs duty

Kathmandu: Nepal Airlines Corporation (NAC) has announced discounts on international airfare following directives from the Ministry of Culture, Tourism, and Civil Aviation. NAC Spokesperson Ramesh Paudel confirmed the decision to provide reduced fares on select international destinations. According to a press release issued by NAC, passengers traveling to Delhi, Mumbai, and Bangalore will receive discounts… Continue reading NAC offers discounts on international airfares

Kathmandu: Nepal exported electricity worth Rs 12.72 billion to India during the first quarter of the current fiscal year, according to the Nepal Electricity Authority (NEA). The surplus electricity, amounting to over 1.66 billion units generated during the rainy season, was sold at an average rate of Rs 7.63 per unit. The NEA exports power… Continue reading Nepal exports Rs 12.72 bn worth of electricity to India in Q1

Kathmandu: Depositors of Sahara Chitwan Multipurpose Cooperative Limited have filed a fraud complaint against Rastriya Swatantra Party (RSP) Chairman Rabi Lamichhane, former Deputy Inspector General (DIG) Chhabilal Joshi, and eight others. The complaint, lodged at the District Police Office in Chitwan on Wednesday, accuses the 10 individuals of embezzling funds from the cooperative. Shalikram Dawadi,… Continue reading Depositors of Sahara Cooperative file fraud case against Rabi Lamichhane and others

Kathmandu: Nepal’s public debt increased by Rs 84 billion in the first quarter of the current fiscal year (FY) 2024/25, according to the Public Debt Management Office (PDMO). The total debt now stands at Rs 2.518 trillion, equivalent to 44.14 percent of the country’s Gross Domestic Product (GDP). The PDMO report shows that Nepal’s total… Continue reading Nepal’s public debt rises to Rs 2.518 trillion, exceeding 44% of GDP

Kathmandu: Tribhuvan International Airport (TIA) recorded a significant rise in passenger traffic, with 7.87 million travelers using its services in the first 10 months of 2023, according to data from the TIA Office. This figure marks an increase of approximately 750,000 passengers compared to the same period in 2022. According to TIA data, October was… Continue reading TIA sees record passenger traffic in 2023