Economy News - Page 22
Social Security Fund Prioritizes Energy and Infrastructure Sectors to Diversify Massive NPR 111 Billion Deposit Base
The Social Security Fund (SSF), managing a massive deposit base of over NPR 111 billion, has announced a major shift toward financing national infrastructure projects, including hydropower, solar energy, and clinker production. Moving away from passive bank deposits to maximize economic growth, the fund has established strict risk-mitigation guidelines, such as capping power project investments to a minimum capacity of 20 megawatts and requiring a minimum of 30 percent equity.
Nepal Rastra Bank Announces Foreign Exchange Rates for Sunday
Nepal Rastra Bank has released the foreign currency exchange rates for Sunday, establishing the buying rate of the US Dollar at Rs 151.62 and the selling rate at Rs 152.22. Under the new reference sheet, the European Euro sits at a selling price of Rs 177.17, while the UK Pound Sterling is valued at Rs 205.06 for sales
From Texas Trading Rooms to Nepal's Stagnant Market: Why Nepal Must Shift Away from Control-Oriented Policies
Renowned analyst Arun Kumar Subedi has called on Nepal to launch its second phase of economic liberalization by welcoming Foreign Institutional Investors (FII) into the secondary share market. Drawing insights from modern university trading infrastructure in the US and India's landmark 1991 economic reforms, Subedi argued that moving away from obsolete, control-oriented policies is no longer just an option for Nepal, but a mandatory requirement to sustain and diversify its financial sector.
Gold and Silver Prices Plunge Heavily in the Nepali Market; Gold Drops by Rs 8,200 Per Tola
According to FENEGOSIDA, gold and silver prices plummeted sharply on Sunday in the Nepali market. Gold dropped by a massive Rs 8,200 to settle at Rs 300,800 per tola, while silver fell by Rs 335, bringing today's trading price down to Rs 4,895 per tola.
Himalaya Airlines Launches First Direct Scheduled Flights Between Kathmandu and Shenzhen
Himalaya Airlines has announced direct flights to Shenzhen, offering travelers a faster and more convenient link to one of China's leading economic hubs.
Gold and Silver Prices Surge Again: Gold Inches Up by NPR 400, Silver Rises by NPR 50!
Both gold and silver recorded a price hike in the Nepalese market on Tuesday, Jestha 19. Gold increased by NPR 400 per tola to reach NPR 311,300, while silver went up by NPR 50 per tola, trading at NPR 5,405.
Gold Shock: Prices Explode by Rs 20,500 in a Single Day!
n an unprecedented market rally, both gold and silver witnessed a massive price hike in the Nepali market this Sunday, with gold climbing a whopping Rs 20,500 per tola and silver increasing by Rs 305 per tola.
NRB Forex Update: US Dollar Selling Rate Reaches Rs 153.41, Euro at Rs 178.13
Nepal Rastra Bank unveils today's currency exchange rates, fixing the US Dollar buying rate at Rs 152.81 and selling at Rs 153.41.
Tomorrow at 4 PM: Dr. Swarnim Wagle to Unveil Radical New Budget
Finance Minister Dr. Swarnim Wagle presents Nepal's paradigm-shifting FY 2083/84 national budget tomorrow at 4:00 PM.
Gold Plummets Rs. 5,500 in Single-Day Crash
Fine gold plummets to Rs. 285,000 per tola today, while silver simultaneously slips down to Rs. 4,865 per tola.
Promoter Share Auction: Swarojgar Laghubitta Opens Bidding for 17,327 Units to Public and Institutions
Swarojgar Laghubitta (SLBBL) is liquidating 17,327 units of promoter equity, inviting both individual and corporate investors to submit their bids at its Banepa headquarters by Ashad 16.
As DDC Releases Rs 120 Million to Stranded Farmers, Private Dairy Debt Balloons to Rs 3 Billion
Nepal's dairy industry payment crisis persists as massive private sector arrears overshadow the state corporation's latest daily repayment efforts.