Finance Minister Dr. Swarnim Wagle has clarified that the government has no plans to introduce demonetization at present, saying the measure is neither an immediate need nor a priority.
The Nagdhunga Tunnel has begun trial operations for cars, jeeps, and vans with up to nine seats, offering motorists a faster alternative to the congested Nagdhunga road.
Nepal Rastra Bank (NRB) will collect Rs. 8.5 Arba in deposits from banks and financial institutions through a competitive bidding process today for a period of 175 days.
The Securities Board of Nepal (SEBON) has released the draft Debenture Registration and Issue Regulations, 2083 B.S. for public consultation, seeking feedback to strengthen Nepal’s corporate debt market and diversify the country’s capital market.
Nepal’s benchmark NEPSE index declined by 10.67 points (0.40%) on Thursday, reversing the previous session’s 7.17-point gain. Turnover stood at Rs. 4.16 Arba, with more than 10 million shares changing hands.
MetLife, American Life Insurance Company, has entered into an agreement with Rastriya Banijya Bank (RBB) to provide group life and group personal accident insurance coverage to the bank’s employees.
Finance Minister Dr. Swarnim Wagle has said the government has no intention of artificially boosting the stock market for short-term popularity, arguing that regulatory reforms and investor protection are more important than temporary market gains.
Finance Minister Dr. Swarnim Wagle has said the government has initially allocated Rs. 700,000 for drafting laws, regulations, procedures, directives, and standards under the Ministry of Land Management, Cooperatives and Poverty Alleviation and the Ministry of Federal Affairs and General Administration for FY 2083/84.
Finance Minister Dr. Swarnim Wagle has said the government is positive about creating the legal framework needed for the commercial production and medicinal use of cannabis in Nepal.
Gold and silver prices continued their upward trend in Nepal on Friday, with gold rising by Rs. 3,300 per tola and silver by Rs. 130. Gold has surged by Rs. 12,600 per tola in just two days.
Prime Minister Balendra Shah has departed for Mustang by road, with RPP leader Gyanendra Shahi describing the trip as a private visit to the Khampa Monastery and urging that it not be unnecessarily politicized.
The Nepal Stock Exchange (NEPSE) gained 7.17 points on Thursday to close at 2,629.40, reversing the marginal loss recorded in the previous session. Total turnover stood at Rs. 4.40 Arba.