Economy News - Page 8
Prime Minister’s Relief Fund Balance Reaches NRS 13.54 Billion
The Prime Minister’s Disaster Relief Fund continues to receive financial support, with its balance reaching NRS 13.54 billion as of 9 a.m. today.
Korala Border Sees Import Surge as Mustang Customs Collects NRS 1.78 Billion in 15 Days
Mustang Customs collected NRS 1.7844 billion in revenue in just 15 days as imports through the northern Korala border surged following the closure of the Rasuwagadhi–Kerung and Tatopani crossings.
Gold and Silver Prices Rise in Nepal, Gold Reaches NRs 302,200
Gold increased by NRs 1,200 per tola while silver gained NRs 60 per tola in the Nepali market on Sunday.
Bhotekoshi Flood Recovery Bill: NRS 95.42 Billion Needed Just to Clear Debris
The government estimates that NRS 95.42 billion will be required for immediate and long-term recovery measures, including removing flood debris, reducing disaster risks and ensuring inclusive rehabilitation following the Bhotekoshi floods.
MARKET REVIVAL: 10–12 Point Capital Market Reform Plan Coming Within a Week
Finance Minister Dr. Swarnim Wagle has announced five special economic packages, including a 10–12 point policy reform plan for the sluggish capital market expected to be introduced within a week.
Gold & Silver Prices Plunge: Gold Falls NRS 4,800, Silver Drops NRS 255
Gold and silver prices recorded a sharp decline in the Nepali market on Friday, with gold falling by NRS 4,800 per tola and silver dropping by NRS 255 per tola.
UMRH Dividend Alert: 5% Bonus Shares + 0.26% Cash Dividend Announced
United Idi Mardi and RB Hydropower Limited has proposed a 5% bonus share dividend along with 0.26% cash dividend for tax purposes from its profit for FY 2082/83.
Disaster Relief Fund Balance Surpasses NRS 12.43 Billion
The Prime Minister Disaster Relief Fund has accumulated a total balance of more than NRS 12.43 billion, including deposits in Nepali rupee and US dollar accounts.
Rasuwa Flood Damage Recovery Estimated at Nearly USD 4 Billion
The reconstruction of flood- and landslide-affected areas in Rasuwa could require nearly USD 4 billion, according to an initial assessment by the National Disaster Risk Reduction and Management Authority.
Hathaway Investment Nepal to Invest NRS 400 Million in Sugar & Hydropower
Hathway Investment Nepal Limited has announced plans to make a long-term investment of up to NRS 400 million in Vijay Shree Sugar Mills and Induwa Khola PROR Hydropower Project as part of its portfolio diversification strategy.
Gold Price Jumps NRS 3,400 Per Tola, Silver Also Rises
Gold prices climbed to NRS 305,800 per tola on Thursday, gaining NRS 3,400 from the previous day, while silver also recorded an increase.
Gold, Silver Prices Fall in Nepal
Gold fell by NRS 3,000 per tola and silver by NRS 40 per tola in the Nepali market on Wednesday, Bhadra 24.