Economy News - Page 4
Disaster Relief Funds Surpass Rs. 17 Billion After Bhotekoshi Flood
Government disaster and relief funds have reached Rs. 17.06 billion, as financial support continues to pour in following the Bhotekoshi River flood in Rasuwa.
Nepali Edible Oil Industry Seeks Customs Duty Cut as Cheaper Indian Sunflower Oil Raises Smuggling Concerns
Nepali edible oil businesses have urged the government to reduce customs duty on raw sunflower oil after India sharply lowered its import duty, making sunflower oil cheaper across the border.
Nepal’s Repeated Crisis Cycle: World Bank Cautious on Growth as Government Sets 7% Target
From the 2015 earthquake and COVID-19 pandemic to the Gen Z movement and recent BhoteKoshi–Trishuli floods, Nepal’s economy has repeatedly faced major shocks, exposing a persistent gap between cautious international growth forecasts and the government’s ambitious targets.
NRB Directs Banks to Provide Rs. 100 Notes Through ATMs for Dashain
The Nepal Rastra Bank (NRB) has directed banks and financial institutions to make new Rs. 100 notes available through ATMs ahead of Dashain and other major festivals.
Gold and Silver Prices Rise in Nepalese Market
Gold and silver prices edged higher on Ashwin 21, with gold increasing by Rs 800 per tola and silver by Rs 10 per tola.
Matatirtha–Chobhar 132 kV Transmission Line Set to Strengthen Kathmandu Power Supply
The construction of the Matatirtha–Chobhar section of the Thankot–Chapagaun–Bhaktapur 132 kV transmission line project has been completed, with the 6-km line set to be charged from Friday.
Nepal Rastra Bank to Limit New Note Distribution for Dashain
Nepal Rastra Bank will not conduct the festive-style distribution of new and crisp banknotes for Dashain this year, citing the damage caused by recent floods, landslides, and heavy rainfall.
RBB to Open 6% Debenture Issue From Ashoj 29
Rastriya Banijya Bank Limited is opening its Rs. 3 billion debenture issue from Ashoj 29, offering investors a 6% annual interest rate for a seven-year maturity.
Gurans Laghubitta Calls 11th AGM to Approve 10% Dividend
Gurans Laghubitta Financial Institution Limited has called its 11th Annual General Meeting (AGM) to approve a 9.5% bonus share and 0.5% cash dividend for shareholders.
Gold Price Holds Steady, Silver Falls by Rs. 15
Gold prices remained unchanged in the Nepali market on Tuesday, while silver became cheaper by Rs. 15 per tola.
Gold Falls by Rs. 400, Silver Rises by Rs. 40
Gold prices declined to Rs. 291,500 per tola, while silver climbed to Rs. 4,430 per tola in Nepal on Monday.
Gold and Silver Prices Rise in Nepalese Market
Gold prices increased by Rs. 1,500 per tola, while silver became costlier by Rs. 25 per tola in the Nepalese market on Friday.