Category: Finance

Kathmandu: Nepal Rastra Bank (NRB) has contracted a Chinese company to produce new 100-rupee notes that will showcase the country’s revised political map, marking the first instance of currency reflecting recent constitutional amendments. The Council of Ministers approved the design change, which includes the newly recognized borders of Limpiyadhura, Lipulek, and Kalapani, as part of… Continue reading NRB to issue new 100-Rupee notes featuring updated political map

Kathmandu: The price of gold in the domestic market soared to a new record on Sunday, reaching Rs 167,400 per tola. According to the Federation of Nepal Gold and Silver Dealers’ Association, the fine gold price increased by Rs 1,400 per tola, up from Rs 166,000 on Friday. This recent spike reflects a notable trend… Continue reading Gold prices surge to new record in Nepal

Kathmandu: Tribhuvan International Airport (TIA) is set to close for 10 hours daily starting November 9, 2024, to facilitate runway extension work, coinciding with the peak tourist season. The closure will last for five months, significantly impacting the arrival of international tourists. The airport will operate from 8 AM to 10 PM during this period,… Continue reading TIA to close for 10 hours daily for runway expansion

Kathmandu: Nepal Rastra Bank (NRB) will hold an exclusive sale of gold coins on Tuesday, October 29, in celebration of Dhanteras. Each gold coin weighs 2.5 grams and will be available for public purchase. Sales will commence at 11 AM and continue until 4 PM, subject to the availability of stock. In addition, silver coins… Continue reading NRB to sell gold coins for dhanteras on October 29

Kathmandu: The Ministry of Labor, Employment, and Social Security (MoLESS) is ramping up efforts to secure new labor destination countries for Nepali workers. In a recent announcement, the ministry revealed that bilateral labor agreements with Oman and Spain are currently in progress. Following high-level discussions, a draft labor agreement with Oman has been submitted to… Continue reading Nepal’s Labor Ministry pursues new labor destinations for workers

Kathmandu: The price of gold in Nepal continues its upward trajectory, reaching a record high of Rs 165,900 per tola on Tuesday. This increase comes after fine gold was priced at Rs 165,600 per tola on Monday, marking a rise of Rs 300 today, according to the Federation of Nepal Gold and Silver Dealers’ Association.… Continue reading Gold prices hit all-time high in Nepal

Kathmandu: Rabi Lamichhane, the chairman of the National Independent Party (Raswap), was presented in the Kaski District Court today as part of an investigation into a cooperative fraud and organized crime case linked to the Surya Darshan Savings and Credit Cooperative Limited in Pokhara. Lamichhane, a former Deputy Prime Minister and Home Minister, was arrested… Continue reading RSP Chairman Rabi Lamichhane presented in court amid cooperative fraud case

Kathmandu: The Malaysian government has announced an increase in the minimum wage for workers, raising it from 1,500 to 1,700 Malaysian Ringgit per month. This decision was revealed during the 2025 budget speech by Prime Minister Datuk Seri Anwar Ibrahim. Starting from August 1, 2025, this new minimum wage will apply to employers with fewer… Continue reading Malaysia increases minimum wage for workers

Kathmandu: In a recent discussion surrounding the strategic development of payment systems, experts have proposed the implementation of an Unstructured Supplementary Service Data (USSD)-based payment system in Nepal. This initiative aligns with the country’s Strategic Pillar-4, Objective-2, and aims to enhance financial inclusivity. The report titled “USSD-Based Payment System and its Regulations: Suggestions for Nepal”… Continue reading USSD-based payment system proposed for Nepal

Kathmandu: Former Deputy Prime Minister and Home Minister Rabi Lamichhane has been arrested on charges of embezzling funds from cooperatives. The arrest occurred on Friday evening at the central office of his political party, the Rastriya Swatantra Party (RSP), located in Banasthali, Kathmandu. As police took Lamichhane into custody, RSP leaders and supporters voiced their… Continue reading Former Deputy Prime Minister Rabi Lamichhane arrested for embezzlement charges