Economy News - Page 12
Gold Holds Steady at Rs. 306,800, Silver Drops Rs. 15 Per Tola
Gold prices remained unchanged in the Nepali market on Tuesday, while silver declined slightly by Rs. 15 per tola.
Title: Nepal Imports Rs. 10.55 Billion Worth of Electricity from India in FY 2082/83
Nepal imported electricity worth Rs. 10.55 billion from India during the last fiscal year to meet domestic demand, particularly during the dry season when hydropower generation declined.
Gold and Silver Prices Rise in Nepali Market
Gold and silver prices both increased in the Nepali market on Monday, with gold rising by Rs. 1,600 per tola and silver by Rs. 60 per tola. Gold is now trading at Rs. 306,800 per tola, while silver has reached Rs. 4,770 per tola.
NEA Profit Falls by Rs. 3.95 Billion as Costs and Financial Burden Rise
Nepal Electricity Authority (NEA) reported a sharp decline in net profit in FY 2082/83, with earnings falling by Rs. 3.95 billion compared to the previous fiscal year. The authority attributed the decline to foreign exchange fluctuations, rising financial obligations, free electricity provided to households consuming up to 20 units, higher depreciation and increased operating expenses.
Nepal’s Power Export Boom: Rs. 17.47 Billion Earned from Electricity Exports
Nepal Electricity Authority (NEA) has made a major breakthrough in regional energy trade, earning Rs. 17.47 billion from electricity exports in FY 2081/82. With India as its primary market and preparations underway to export 40 MW to Bangladesh, Nepal’s electricity trade is expanding beyond its traditional borders.
Taxpayer Incentive Scheme Draws Record Participation, Consumer Wins Rs. 10 Lakh
A consumer who purchased goods worth just Rs. 350 from Ganesh Electronics and Mobile Centre has won the Rs. 10 lakh bumper prize under the Inland Revenue Department’s taxpayer incentive scheme. The latest draw also selected 15 other winners, each receiving Rs. 1 lakh after tax deduction, as participation in the scheme surged sharply in the second half of Shrawan.
Gold Surge: Gold and Silver Prices Jump in Nepal
Gold prices rose sharply by Rs. 3,600 per tola in Nepal on Sunday, while silver also gained Rs. 50 per tola as precious metals continued to trade at elevated levels in the international market.
Investment Push: NRNs Ready to Invest in Nepal, But Legal Hurdles Remain
Non-Resident Nepalis (NRNs) say they are eager to invest in Nepal, but complicated legal procedures and concerns over investment security continue to discourage them. Participants at the 11th Asia-Pacific Conference in Guangzhou urged the government to create a simpler, faster and more reliable investment environment.
Gold, Silver Prices Drop in Nepal Market
Gold prices fell by Rs. 4,600 per tola and silver by Rs. 90 per tola in the Nepali market, according to the Federation of Nepal Gold and Silver Dealers’ Association.
Gold Dips, Silver Gains! Precious Metal Prices Move in Opposite Directions
Gold prices declined by Rs. 500 per tola in the Nepali market on Thursday, while silver became Rs. 5 more expensive per tola.
“Not on Debt, but on Our Own Income”: Finance Minister Wagle Unveils New Economic Vision
Finance Minister Dr. Swarnim Wagle says the government’s new budget is designed to increase domestic revenue, reduce dependence on borrowing, and drive national development through Nepal’s own income.
Gold and Silver Prices Decline in Nepal
Gold and silver prices declined in the Nepali market on Wednesday, with gold falling by Rs. 1,200 per tola and silver dropping by Rs. 35 per tola.