Category: Finance

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

Kathmandu: Aadhyanta Accelerator, a five-month business acceleration programme for high-growth agriculture companies in Province 1, has officially kicked off on January 18, 2023. The programme was announced among local stakeholders, authorities, programme partners, and the press at Big Hotel in Biratnagar. The programme is being run under the partnership between Aadhyanta Fund Management, a Nepali-owned… Continue reading Business acceleration programme for high-growth of agriculture companies in Province 1 kicks-off

Kathmandu: India’s top 1% owned more than 40.5% of its total wealth in 2021, according to a new report by Oxfam. In 2022, the number of billionaires in the country increased to 166 from from 102 in 2020, the report said. Meanwhile, it added that the poor in India “are unable to afford even basic… Continue reading Richest 1% own 40.5% of India’s wealth, says new Oxfam report

Kathmandu: Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the World Bank’s latest Global Economic Prospects report. Given fragile economic conditions, any new adverse development—such as higher-than-expected inflation, abrupt rises in interest rates to contain it, a… Continue reading Sharp, long-lasting slowdown to hit developing countries hard

Kathmandu: Auto Expo – The Motor Show 2023, made a resilient start today at the India Expo Mart in Greater Noida, manifesting a future ready perspective. The theme of this edition of the show is – ‘Explore the World of Mobility’, which resonates with the industry’s vision and message of technology & capability–for a safer,… Continue reading Auto Expo – The Motor Show 2023 begins in India

Kathmandu: The government has announced the minimum common program. Deputy Prime Minister and Finance Minister Bishnu Paudel has announced the minimum common program covering the common issues raised by the participating parties in the government. The Minimum Common Program mentions encouraging domestic production and domestic consumption, developing national capital and making the country economically independent.… Continue reading Govt decides to conduct ‘Make in Nepal’ campaign

Kathmandu: The government has reduced the price of petroleum products. The meeting of the board of directors of Nepal Oil Corporation (NOC) has decided to reduce the price of petroleum products with effect from 12:00 am today. The corporation has reduced the price of petrol, diesel and kerosene by three rupees per liter. Similarly, domestic… Continue reading Finally NOC reduces fuel price

Kathmandu: Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has directed to reduce the price of petroleum products. Prime Minister Prachanda has directed the Secretary of the Ministry of Industry, Commerce and Supply to adjust the price accordingly due to the decrease in the price of petroleum products in the international market. Prime Minister Prachanda has directed… Continue reading PM Prachanda directs to reduce fuel price