Economy News - Page 6
Relief Funds Cross Rs 15 Billion as Bhote Koshi Flood Recovery Continues
More than Rs 15 billion is currently available across the Prime Minister’s Disaster Relief Fund and Prime Minister’s Relief Fund as the government continues mobilizing resources for communities affected by the Bhote Koshi floods in Rasuwa.
Gold, Silver Prices Fall in Nepalese Market
Gold and silver prices declined in the domestic market on Tuesday, Ashwin 6, with gold falling by Rs. 1,700 per tola and silver by Rs. 20 per tola.
No Agreement to Withdraw VAT Exemption on Electricity: Finance Minister’s Secretariat
The secretariat of Finance Minister Swarnim Wagle has clarified that there has been no principled agreement to withdraw the VAT exemption on electricity tariffs.
Energy and Finance Ministers Reach In-Principle Agreement to Remove VAT on Electricity
Energy Minister Biraj Bhakta Shrestha and Finance Minister Dr. Swarnim Wagle have reached an in-principle agreement to remove VAT currently imposed on electricity consumption.
Nepal Prepares to Export 40 MW to Bangladesh from Alternative Hydropower Projects
Following flood damage to the Trishuli and Chilime hydropower projects, the Nepal Electricity Authority (NEA) is preparing to supply 40 MW of electricity to Bangladesh from alternative projects in the Solu Corridor.
Rs. 4.60 Arba Investment Secured for 22.50 MW Jaldigad Hydropower Project
The 22.50 MW Jaldigad Hydropower Project in Rukum West has secured total financing of Rs. 4.60 arba, including bank loans and promoter equity.
Gold Price Falls by Rs. 1,300, Silver Climbs Rs. 10
Gold prices declined by Rs. 1,300 per tola in the domestic market today, while silver prices recorded a slight increase.
Nepal’s Inflation Hits 21-Month High at 5.96% in Shrawan
Nepal’s year-on-year consumer inflation reached 5.96% in Shrawan 2083, the highest level in 21 months, driven mainly by rising food, oil, fruit and transportation prices.
Nepal Exports Electricity Worth Over Rs 5.09 Billion in Bhadra
Nepal exported 56.56 crore units of electricity to India and Bangladesh during Bhadra, generating more than Rs 5.09 billion in revenue.
Birgunj Customs Collects Rs 23.46 Billion Revenue in Bhadra
Birgunj Customs Office collected Rs 23.46 billion in revenue during Bhadra, achieving 99.75% of its monthly target.
Gold and Silver Prices Rise in Nepal as Gold Gains Rs. 2,100 per Tola
Gold prices increased by Rs. 2,100 per tola while silver rose by Rs. 20 per tola in the Nepali market on Sunday, Ashoj 4.
Nepal Rastra Bank to Introduce New Rs. 50 Banknote with Enhanced Security Features
Nepal Rastra Bank is set to put a new Rs. 50 banknote into circulation, featuring updated security elements, Mount Everest on the front and a snow leopard on the reverse.