Economy News
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.
3 months ago
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.
3 months ago
National Statistics Office Projects FY 2025/26 GDP at Rs 66 Trillion Amid Regional Imbalances
Nepal’s economy is estimated to reach Rs 66 trillion, with Bagmati leading at 36.7% and Madhesh recording a low 1.31% growth.
3 months ago
Gold Rates Crash Upward! Massive Rs 1,800 Per Tola Surge Today
Today, gold jumped by Rs 1,800 to Rs 293,800, while silver rose Rs 90 to hit Rs 5,050.
3 months ago
Nepal Rastra Bank Unveils Foreign Currency Exchange Rates for Wednesday
The central bank of Nepal, Nepal Rastra Bank (NRB), has released its official foreign exchange updates for today, fixing the US Dollar selling rate at Rs 154.76 and the European Euro at Rs 179.82.
3 months ago
Ministry of Industry Proposes Budget Programs Exceeding Assigned Limit by Rs 1.81 Billion
For the upcoming fiscal year 2083/84, the Ministry of Industry, Commerce, and Supplies has submitted a program proposal worth Rs 10.13 billion, overshooting its designated financial ceiling of Rs 8.31 billion.
3 months ago
Domestic Bullion Rates Witness Pronounced Mid-Week Decline
Gold prices plunge by Rs 3,300 per tola to Rs 292,000, while silver slides to Rs 4,960 in Nepal.
3 months ago
NCMIA’s 7-Point Proposal to SEBON for the FY 2083/84 Budget
The Nepal Capital Market Investors Association has submitted a strategic policy framework to SEBON for the upcoming fiscal budget, prioritizing the classification of CGT as a final tax and pushing for cross-border NRN market integration.
3 months ago
Experts Enlisted to Guide Upcoming FY 2083/84 Budget Formulation
The parliamentary Finance Committee will consult a newly approved panel of eight experts to address systemic gaps and refine the government’s upcoming budget.
3 months ago
NRB Latest Exchange Rates: US Dollar Selling Rate Set at Rs 154.46 Today
Nepal Rastra Bank has unveiled today's exchange rates, fixing the US Dollar's selling rate at Rs 154.46.
3 months ago
Gold and Silver Prices Surge; Gold Trades at Rs 295,300 per Tola on Tuesday
On Tuesday, Nepali markets saw gold and silver prices rise to Rs 295,300 and Rs 5,085 per tola, respectively.
3 months ago
Forex Update: USD Stands Firm as Euro and Pound Take a Hit
According to the latest foreign exchange rates released by Nepal Rastra Bank (NRB) for Monday, the US Dollar has held its ground at a stable price, while both the European Euro and the UK Pound Sterling experienced a minor dip. Today, the buying and selling rates for 1 US Dollar remain unchanged at Rs. 153.25 and Rs. 153.85 respectively, carrying over Sunday's valuation. Conversely, the Euro and the Pound dropped by a few paisा compared to yesterday's closing prices.
3 months ago