Economy News - Page 16
Nepal Launches Bill Lottery: Consumers Can Win Rs. 1 Million Through Digital Payments
The government has introduced a reward scheme offering cash prizes of up to Rs. 1 million to consumers who make digital payments and collect VAT bills, aiming to encourage tax compliance and reduce revenue leakage.
Gold Climbs Rs. 1,000 Per Tola, Silver Extends Upward Trend
Gold and silver prices continued their upward momentum in Nepal on Tuesday, with both precious metals recording fresh gains for the third consecutive trading day.
Gold Climbs by Rs 600 Per Tola, Silver Gains Rs 80 in Nepali Market
Gold and silver prices continued their upward trend on Monday, with gold reaching Rs 284,600 per tola and silver rising to Rs 4,320 per tola.
Chinese President’s Luxury EV Brand Hongqi Enters Nepal, Prices Expected to Start at Rs 6 Million
Hongqi, China's iconic luxury automobile brand known for serving the country's top leadership, is set to debut in Nepal with premium electric SUVs at the Nepal Mobility Expo 2026.
US-Iran Tensions Push Brent Crude Above $91, Oil Hits One-Month High
Escalating military tensions between the United States and Iran have driven global crude oil prices to their highest level in over a month, amid growing fears of supply disruptions through the strategic Strait of Hormuz.
Gold Drops by Rs. 3,100 Per Tola, Silver Falls Rs. 125 in Nepali Market
Both gold and silver prices declined sharply on Friday, with gold slipping to Rs. 282,100 per tola and silver falling to Rs. 4,200 per tola.
5% VAT on Household Electricity Bills Takes Effect, Over 2.6 Million Consumers Impacted
Households consuming more than 50 units of electricity per month must now pay a 5% VAT, while industrial and commercial users are subject to a 13% VAT under Nepal's new tax policy.
Gold Prices Rise by Rs 400, Silver Drops Rs 90 in Nepal
Gold prices edged higher in the domestic market on Thursday, while silver prices declined, according to the Federation of Nepal Gold and Silver Dealers' Association.
Electricity Bills, Ride-Sharing Costs to Rise as New VAT Rules Take Effect Friday
Consumers in Nepal will face higher daily expenses from Friday as the government begins implementing new VAT provisions on household electricity consumption and ride-sharing services under the new fiscal year's tax policy.
New Fiscal Year Begins Friday: Tax Cuts, New Levies, Monetary Policy Take Effect
Nepal will enter fiscal year 2083/84 (2026/27) on Friday with a wide range of new tax measures, budget provisions, and monetary policy reforms coming into force, bringing both tax relief and additional costs for consumers.
Domestic Gold Price Climbs by Rs. 800
Gold prices in Nepal increased by Rs. 800 per tola on Wednesday, while silver also gained Rs. 55 per tola, according to the Federation of Nepal Gold and Silver Dealers' Association.
SEBON Sets 10-Year Vision to Strengthen Capital Market
The Securities Board of Nepal (SEBON) has unveiled the Capital Market Development Roadmap 2083, outlining a 10-year strategy to transform Nepal’s capital market into a major driver of economic growth and align it with international standards.