Category: Finance

Kathmandu: Stock markets across Europe and Asia tumbled on Monday, spooked by fears that the US economy is heading for a slowdown. In London, the FTSE 100 index opened 2.3% lower while the Euronext 100 tumbled by 3.5%. They followed sharp falls across Asia with Japan’s Nikkei 225 dropping 12.4% or 4,451 points in the… Continue reading Global stock markets sink on US economy fears

Kathmandu: Today, the price of fine gold has soared to an unprecedented level, setting a new record in the market. According to the Federation of Nepal Gold and Silver Dealers’ Associations (FENEGOSIDA), the price of fine gold surged to Rs 150,000 per tola on Monday, marking a significant increase of Rs 300 from the previous… Continue reading Gold prices surge to all-time high

Kathmandu: Flood Forecasting Division has issued a flood warning for 19 districts, including Kathmandu, due to anticipated increases in river levels. The districts affected by this alert are Ilam, Jhapa, Taplejung, Sankhuwasabha, Ramechhap, Dolakha, Sindhupalchowk, Sindhuli, Kavrepalanchowk, Kathmandu, Lalitpur, Bhaktapur, Makwanpur, Gorkha, Lamjung, Kaski, Myagdi, Darchula, and Bajhang. Residents in these areas are urged to… Continue reading Flood alert issued for 19 districts, including Kathmandu

Kathmandu: Nepali government is set to introduce a non-collateral loan system aimed at shielding migrant workers from high-interest rates. This move follows a recent announcement by the Nepal Rastra Bank (NRB), which has included provisions for non-collateral loans in its latest monetary policy. The Ministry of Labor, Employment, and Social Security (MoLESS) is spearheading the… Continue reading Nepal to introduce non-collateral loan system for migrant workers

Kathmandu: Nepal experienced a decline in foreign tourist arrivals in July, with 64,599 tourists arriving by air, according to the Nepal Tourism Board. This figure represents an 11.91 percent increase compared to the same month last year but shows a notable decrease from June’s total of 76,736 visitors. The decline is attributed to the off-season… Continue reading Foreign tourist arrivals in Nepal drop in July

Kathmandu: The Civil Aviation Authority of Nepal (CAAN) has announced a significant expansion of commercial flight operations at Gautam Buddha International Airport (GBIA) in Bhairahawa. Thai AirAsia, making its return to Nepal after a five-year absence, has been authorized to commence four weekly flights from GBIA. In addition, the airline will operate three weekly flights… Continue reading Thai AirAsia to operate flight from GBIA

Kathmandu: A parliamentary special investigation committee has directed Home Minister Ramesh Lekhak to facilitate the return of 18 individuals who have fled abroad following allegations of misuse and embezzlement of cooperative funds. During a meeting held today, the committee discussed the matter with Home Minister Lekhak and Home Secretary Ek Narayan Aryal, ultimately instructing them… Continue reading Parliamentary committee directs Home Minister to call back 18 individuals accused of cooperative fund misuse

Kathmandu: The much-anticipated tripartite agreement for cross-border electricity trade involving Nepal, India, and Bangladesh has been postponed. The agreement, originally scheduled to be signed on Sunday, was halted following Bangladesh’s inability to attend due to ongoing student-led protests in the country. Nabin Raj Singh, spokesperson for Nepal’s Ministry of Energy, Water Resources, and Irrigation (MoEWRI),… Continue reading Cross-Border electricity trade agreement between Nepal, India, and Bangladesh postponed

Kathmandu: The Nepal Stock Exchange (NEPSE) closed today with a notable gain of 113.42 points, or 4.41%, reaching 2,681.56 points. The market experienced two trading halts due to significant upward movements, reflecting strong investor sentiment. The trading session saw a 4% increase, triggering the first circuit break shortly after the market opened. After a 20-minute… Continue reading NEPSE surges 4.41% amid trading halts and positive sentiment

Kathmandu: Nepal exported electricity worth Rs 16.93 billion to India in the last fiscal year 2023/24. The Nepal Electricity Authority (NEA) made an income of Rs 16.93 billion by exporting 1.94 billion units electricity to India last fiscal year. NEA has been selling the surplus power at Indian Energy Exchange’s day ahead and real time… Continue reading Nepal earns Rs 16.93 bn from electricity exports to India in FY 2023/24