Economy News - Page 3
Government Directs Employers to Provide Mandatory Festival Allowance to Workers
The Department of Labour and Occupational Safety has urged all employers and industrial and commercial establishments to provide workers with their legally mandated festival allowance equivalent to one month’s basic salary, warning against denying employees the benefit.
Gold and Silver Prices Decline in Nepalese Market
Gold and silver prices fell in the Nepalese market on Monday, Ashoj 26, with gold dropping by Rs. 2,100 per tola and silver declining by Rs. 25 per tola, according to the Federation of Nepal Gold and Silver Dealers' Association.
Nepal Rastra Bank Announces Foreign Exchange Rates for Today
Nepal Rastra Bank has published the latest foreign exchange rates, with the US dollar set at NPR 154.48 for buying and NPR 155.08 for selling. The rates cover major international currencies, including the euro, pound sterling, Australian dollar, and Indian rupee.
Gold and Silver Prices Rise in Nepal, Gold Hits Rs. 296,500 per Tola
Gold and silver prices have increased in Nepal’s domestic market, according to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Fine gold rose by Rs. 800 per tola to Rs. 296,500, while Tejabi gold also gained Rs. 800 to reach Rs. 295,800 per tola. Silver prices climbed by Rs. 35 to Rs. 4,440 per tola.
Dashain New Note Exchange Frustrates Customers at Banks, Nepal Rastra Bank Offers Faster Service
Customers seeking fresh banknotes for Dashain have reported difficulties exchanging money at several commercial bank branches, despite official information indicating that the service would be available through different banks. In contrast, Nepal Rastra Bank’s Thapathali office has been praised by customers for providing a quick and convenient exchange service, with one visitor reporting that the process took just five minutes.
Government to Provide Rs 1.5 Billion in Grants to Sugarcane Farmers
The government is set to distribute Rs 1.5 billion in grant assistance to sugarcane farmers in Bardiya, Rautahat, Kailali, and Kanchanpur. Agriculture Minister Geeta Chaudhary has approved the procedures for providing the subsidy to support sugarcane producers.
Gold Price Jumps Rs 2,900 to Rs 295,700 Per Tola, Silver Also Rises
Gold and silver prices increased in the Nepali market on Friday, Ashoj 23. Gold rose by Rs 2,900 per tola to Rs 295,700, while silver gained Rs 15 to reach Rs 4,405 per tola.
MFIL Announces 20% Dividend: 5% Bonus Shares and 15% Cash Dividend
Manjushree Finance Limited (MFIL) has proposed a total 20% dividend for its shareholders from the profits of FY 2082/83, comprising 5% bonus shares and 15% cash dividend, including tax. The proposal is subject to approval from Nepal Rastra Bank and the company's upcoming Annual General Meeting (AGM).
73% of Consumers Still Pay Electricity Bills at Counters, Minister Calls for Digital Shift
Energy Minister Biraj Bhakta Shrestha has urged citizens to adopt digital payment methods for electricity bills, noting that 73% of consumers still rely on physical payment counters.
KBSH Announces 18% Bonus Shares and 0.9474% Cash Dividend
Kuthheli Bukhari Small Hydropower Limited (KBSH) has proposed an 18% bonus share and 0.9474% cash dividend for shareholders from the profit of the FY 2082/83.
Nepal Rastra Bank Sets Today’s Foreign Exchange Rates
Nepal Rastra Bank has fixed today’s exchange rates, with the US dollar at Rs. 154.55 for buying and Rs. 155.15 for selling.
NIC Asia Equity Opportunity Fund Size Increased to Rs. 1 Billion Amid Strong Demand
NIC Asia Equity Opportunity Fund has increased its size from Rs. 80 crore to Rs. 1 arba after the mutual fund issue was oversubscribed by investors.