Economy News - Page 23
The Next Fiscal Leap: Benchmarking Nepal's Most Transformative Budgets
Inside a locked-down Ministry of Finance, Dr. Swarnim Wagle is meticulously fine-tuning a high-stakes fiscal blueprint for FY 2083/84. Bending official expenditure caps, the Balen Shah government's debut budget is set to target bold structural reforms, public pay raises, and massive project investments.
NRB Fixes Today’s Forex Rates: USD and Major Currencies See New Benchmarks
Nepal Rastra Bank has published Wednesday's exchange rates, setting the US Dollar's buy rate at Rs 152.80 and sell rate at Rs 153.40.
Gold Prices Slide to Rs 290,500; Silver Secures Marginal Gain
Gold dropped to Rs 290,500 per tola on Wednesday, while silver rose slightly to Rs 5,080 per tola.
Nepal Rastra Bank Updates Today's Forex Rates; US Dollar and Major Currencies Hold Steady
Nepal Rastra Bank (NRB) has released the official foreign exchange rates for Tuesday, fixing the US Dollar buying rate at Rs 152.08 and selling rate at Rs 152.68. The central bank noted that rates may fluctuate based on market conditions and commercial bank policies.
DDC Pumps Rs 160 Million to Dairy Farmers in Just 20 Days
DDC prioritized farmers' dues by cutting employee perks and internal costs, dispersing Rs 160 million within the last twenty days.
Bullion Update : Gold Drops by Rs 1,300, Silver Slips to Rs 5,060
Domestic gold prices fell to Rs 291,500 per tola, while silver slid to Rs 5,060 amid Tuesday's market correction.
Yuan Climbs to 3-Year High of 6.78 Against the Greenback
The Chinese Yuan strengthened to 6.78 per US Dollar, marking its strongest level since February 2023, driven by market optimism over a potential US-Iran deal and the reopening of the Strait of Hormuz.
Government Prepares Biggest Civil Service Pay Revision in Years, Top Bureaucrats May Get 50% Raise
The upcoming budget may bring significant relief for civil servants, with the government considering a large-scale salary and allowance revision.
Gold and Silver Prices Witness Massive Single-Day Surge!
Today, gold jumped by NPR 1,900 to NPR 292,800, while silver gained NPR 140 to hit NPR 5,150 per tola.
Gold Plunges by Rs. 2,800; Silver Drops to Rs. 5,010
Domestic bullion rates saw a significant correction on Sunday, with gold prices tumbling by Rs. 2,800 per tola to settle at Rs. 290,900, while silver tracking a parallel decline.
NEA Fails to Recover Rs 52 Billion in Total Arrears; Flagged for Unapproved Investments
The Office of the Auditor General’s 63rd annual report has exposed massive structural and financial loopholes within the Nepal Electricity Authority (NEA). Chief among the findings is a strict order to collect Rs 26.03 Billion from 59 premium industrial consumers, alongside revelations of Rs 56 Billion in unauthorized corporate investments and severe losses in equipment procurement.
NRB Fixes Forex Rates for Thursday: US Dollar Selling Rate at Rs. 155.22, Euro Crosses Rs. 180
Nepal Rastra Bank (NRB) has unveiled the official foreign exchange rates for Thursday, May 21, 2026. Under the latest determination, the US Dollar's selling rate stands at Rs. 155.22, while the European Euro peaks at Rs. 180.01 and the UK Pound Sterling reaches Rs. 207.94. The central bank notes that retail rates at commercial banks may vary based on market conditions.