Economy News
Finance Minister Urges Tax Officials to Win Taxpayers' Trust, Not Collect Revenue Through Fear
Finance Minister Dr. Swarnim Wagle has instructed tax officials to adopt a taxpayer-friendly approach, emphasizing voluntary tax compliance over coercion to achieve the government's Rs 1.6 trillion revenue target.
22 days ago
Gold Prices Soar to Rs 291,000 Per Tola
Gold and silver prices recorded a sharp increase in Nepal on Wednesday, with gold rising by Rs 5,400 per tola and silver gaining Rs 110 per tola, according to the Federation of Nepal Gold and Silver Dealers' Association.
23 days ago
Egg Prices Rise Again as Bird Flu Cuts Production
Egg prices in Nepal have increased after bird flu significantly reduced production, while rising consumer demand has tightened supply. However, poultry farmers say current prices still remain below their production costs.
23 days ago
Nepal Launches Bill Lottery: Consumers Can Win Rs. 1 Million Through Digital Payments
The government has introduced a reward scheme offering cash prizes of up to Rs. 1 million to consumers who make digital payments and collect VAT bills, aiming to encourage tax compliance and reduce revenue leakage.
24 days ago
Gold Climbs Rs. 1,000 Per Tola, Silver Extends Upward Trend
Gold and silver prices continued their upward momentum in Nepal on Tuesday, with both precious metals recording fresh gains for the third consecutive trading day.
24 days ago
Gold Climbs by Rs 600 Per Tola, Silver Gains Rs 80 in Nepali Market
Gold and silver prices continued their upward trend on Monday, with gold reaching Rs 284,600 per tola and silver rising to Rs 4,320 per tola.
25 days ago
Chinese President’s Luxury EV Brand Hongqi Enters Nepal, Prices Expected to Start at Rs 6 Million
Hongqi, China's iconic luxury automobile brand known for serving the country's top leadership, is set to debut in Nepal with premium electric SUVs at the Nepal Mobility Expo 2026.
25 days ago
US-Iran Tensions Push Brent Crude Above $91, Oil Hits One-Month High
Escalating military tensions between the United States and Iran have driven global crude oil prices to their highest level in over a month, amid growing fears of supply disruptions through the strategic Strait of Hormuz.
25 days ago
Gold Drops by Rs. 3,100 Per Tola, Silver Falls Rs. 125 in Nepali Market
Both gold and silver prices declined sharply on Friday, with gold slipping to Rs. 282,100 per tola and silver falling to Rs. 4,200 per tola.
a month ago
5% VAT on Household Electricity Bills Takes Effect, Over 2.6 Million Consumers Impacted
Households consuming more than 50 units of electricity per month must now pay a 5% VAT, while industrial and commercial users are subject to a 13% VAT under Nepal's new tax policy.
a month ago
Gold Prices Rise by Rs 400, Silver Drops Rs 90 in Nepal
Gold prices edged higher in the domestic market on Thursday, while silver prices declined, according to the Federation of Nepal Gold and Silver Dealers' Association.
a month ago
Electricity Bills, Ride-Sharing Costs to Rise as New VAT Rules Take Effect Friday
Consumers in Nepal will face higher daily expenses from Friday as the government begins implementing new VAT provisions on household electricity consumption and ride-sharing services under the new fiscal year's tax policy.
a month ago