Category: Finance

Kathmandu: Himalaya Shamsher JBR, the first governor of Nepal Rastra Bank (NRB), has passed away. 95-year-old JBR died in the morning during treatment at Norvic Hospital in Kathmandu. JBR was the first governor and former finance secretary of Nepal. He was also the founder of Himalayan Bank. After passing matriculation in 14 years, he became… Continue reading First Governor of NRB Himalaya Shamsher JBR passes away

Kathmandu: India has cut off aid budget to Nepal. Finance Minister Nirmala Sitharaman has presented the federal Budget for the financial year 2023/24 on Wednesday. In which, through the Ministry of Foreign Affairs of India, the grant aid budget for neighboring countries including Nepal is allocated. According to the data, India is going to give… Continue reading India reduces grant aid to Nepal

Kathmandu: Nepal Oil Corporation (NOC) has informed that India has sent list of fuel price increasing the price. According to the new prices received by the corporation from the Indian Oil Corporation (IOC) on Tuesday evening, the prices of all types of fuel except cooking gas have increased. Corporation said that petrol has become more… Continue reading Fuel price increases from India

Kathmandu: The Central United Trade Union Struggle Committee of restaurant owners has announced seven-day protest against the decision of the supreme court over service charge. They have demanded to restore 10 percent service charge. On Wednesday, the trade unions working in hotels and restaurants held a protest in Kathmandu and announced a phased wise seven-day… Continue reading Restaurants demands to levy service charge

Kathmandu: Nepal’s public debt has fallen to 2,007 billion rupees, Nepal Rastra Bank (NRB) stated. According to the report published by the Ministry of Finance, the public debt of Nepal, both internal and external, has decreased to 2007 billion rupees by the end of mid-December. Meanwhile, by the mid-July, the public debt was 2,013 billion… Continue reading Public debt of Nepalis reduced: NRB

Kathmandu: The Supreme Court has decided that hotels and restaurants cannot levy service charge to customers. Hotels and restaurants have been charging an additional 10 percent service fee from customers based on the provisions of Section 87 (3) of the Labor Act 2074 BS and Rule 82 of the Labor Code 2075 BS. But the… Continue reading Supreme court overturn decision of 10 pc service tax charged by hotels and restaurants

Kathmandu: The price of gold in the Nepali market has set a new record. According to the Federation of Nepalese Gold and Silver Dealer’s Association (FeNeGoSiDA), the price of gold reached its highest point on Thursday. The price of gold has reached 106,900 rupees per tola today. According to the federation, this is the highest… Continue reading Gold price at an all-time high

Kathmandu: Five Indians have been arrested for the two-day Dubai Property Show at Soaltee Hotel. After reaching the hotel, the police seized their passports and arrested them on suspicion of absconding. Contrary to the warning of Nepal Rastra Bank, Dubai’s real estate company named ‘DAMAC’ illegally organized the Dubai Property Show in Kathmandu. The police… Continue reading Five Indians arrested for organizing Dubai property show illegally in Nepal

Kathmandu: The price of gold in the Nepali market has skyrocketed again. The price of gold, which was traded at 104,500 rupees per tola on Thursday, increased by 700 rupees to 105,200 rupees per tola today. On the other hand, the price of silver increased by 20 rupees per tola and today it is trading… Continue reading Gold price hike by 700 rupees per tola

Kathmandu: Nepal Rastra Bank has taken action against six development banks and four finance companies. A dozen institutions have been fined after they were found to have violated the legal provisions, monetary policy and directives implemented by the National Bank. Rastra Bank has issued a notification on Wednesday and said that action has been taken… Continue reading NRB took action against 6 development banks and 4 finance companies