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ECONOMY, Latest Updates

Gold rises by Rs 600 per tola

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KATHMANDU, Dec 26: The price of gold increased by Rs 600 per tola (11.664 grams) and traded at Rs 72,800 per tola on Wednesday.
Dec 26, 2019
ECONOMY, Latest Updates

Govt picks Fitch Ratings for Nepal’s sovereign credit rating

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KATHMANDU, Dec 26: The government has picked Fitch Ratings, the American rating agency, for the sovereign credit rating of Nepal. The decision to select Fitch Ratings will pave the way for the global rating agency to assess the creditworthiness of Nepal, a first for the country.
Dec 26, 2019
ECONOMY, Latest Updates

Bhote Koshi starts commercial production

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SINDHUPALCHOWK, Dec 25: Bhote Koshi Hydropower Project in Sindhupalchowk district has started commercial generation after completion of renovation works.
Dec 25, 2019
ECONOMY, Latest Updates

DRI files cases to recover Rs 118.11 million in taxes, fine

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KATHMANDU, Dec 25: The Department of Revenue Investigation (DRI), in its recent move, has filed cases against number of firms and individuals on charge of defaulting taxes and misappropriating foreign currency that caused the state revenue loss of around Rs 118.11 million.
Dec 25, 2019
ECONOMY, Latest Updates

Market pares intraday gains as Nepse closes in red

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KATHMANDU, Dec 25: The Nepal Stock Exchange (Nepse) index traded mostly in green on Tuesday. The benchmark index climbed to the 1,175-point level three times in the session but failed to hold ground as the closing hours saw the index pull back sharply toward the negative territory. Eventually, Nepse...
Dec 25, 2019
ECONOMY, Latest Updates

No personal loans with installment higher than 50% of income...

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KATHMANDU, Dec 25: Bank and financial institutions (BFIs) must now factor in regular income of borrowers while floating personal-type loans, housing loans and hire purchase loans.
Dec 25, 2019
ECONOMY, Latest Updates

Stocks rally as Nepse gains 18 points

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KATHMANDU, Dec 24: Stocks saw strength since the beginning of Monday's trading session. The Nepal Stock Exchange (Nepse) index shot up more than 10 points to 1,160 points in the afternoon before retracing slightly. Nonetheless, a second rally toward the close hours pushed the Nepse index higher by a...
Dec 24, 2019
ECONOMY, Latest Updates

30,000 tourists enter Nepal through Rasuwagadhi

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RASUWA, Dec 24: More than 30,000 foreign tourists entered Nepal over the first 11 months of 2019 through the Rasuwagadhi border point.
Dec 24, 2019
ECONOMY, Latest Updates

BFIs pledge support to VNY2020

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KATHMANDU, Dec 24: Minister for Culture, Tourism and Civil Aviation, Yogesh Bhattarai has urged bankers and head of financial institutions to support and participate in 'Visit Nepal Year (VNY) 2020' campaign.
Dec 24, 2019
ECONOMY, Latest Updates

Work on 13-km stretch of western section affected

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SINDHULI, Dec 24: The construction of 13 kilometers of road on Sindhuli-Makwanpur section of Madan Bhandari Highway has been affected due to calls to change the route to avoid Dhura Bazaar in Sindhuli.
Dec 24, 2019