NEPALGUNJ, July 3: Goods are easily smuggled through the Nepalgunj border in western Nepal, which is connected to India. The smugglers have effectively engaged the customs officials, security personnel and others to smuggle large quantities of goods.

Nepal’s outstanding public debt Rs 2.4 trillion

Published On: May 25, 2024 07:20 PM NPT By: Republica

KATHMANDU, May 25: The country's outstanding public debt has reached nearly Rs 2.4 trillion. The public debt witnessed a rise of Rs 98 billion in the last 10 months of the current fiscal year alone, according to the Public Debt Management Office (PDMO).

KATHMANDU, May 25: Nepal Stock Exchange (NEPSE) added a notable 112.73 point last week in the aftermath of Nepal Rastra Bank revising the monetary policy while banks took soft measures to provide loans against share through reducing the interest rates.

KATHMANDU, May 25: Following continuous diplomatic efforts by the Government of Nepal, most of the border crossings with trade significance with China are re-opening for service from today. This includes the Kimathangka transit point at Sankhuwasabha.

KATHMANDU, May 25: The Department of Money Laundering Investigation (DoMLI) has prepared a case against Kedarnath Sharma, the chairman of Shiva Shikhar Multi-Purpose Cooperative, for allegedly misappropriating over Rs 33 billion of public deposits from various cooperatives.

KATHMANDU, May 24: The Federation of Grill and Steel Fabricators Nepal (FGFSN) has said soaring prices of iron has adversely affected the grill industries.

374 small industries in Makwanpur shut in 10 months

Published On: May 24, 2024 08:37 PM NPT By: Republica

BAGMATI, May 24: A total of 374 small-scale industries have been closed in the 10 months of the current fiscal year 2023/24 in Makawanpur district due to the ongoing economic crisis.

KATHMANDU, May 24: President of the Hotel Association of Nepal (HAN), Binayak Shah, has said that the luxury tax imposed on hotels should be abolished through the next national budget.

KATHMANDU, May 24: The private sector has expressed deep concern over the arrest of Kailash Sirohiya, the chairman of Kantipur Media Group, stating that the arrest has further dampened the morale of entrepreneurs.

Birgunj metropolis posts growth in capital expenditure

Published On: May 24, 2024 12:38 PM NPT By: Republica

BIRGUNJ, May 24: The Birgunj Metropolitan City has spent Rs 1.74 billion during the 10 months of the current fiscal year.

Gold price drops by Rs 1,800 per tola

Published On: May 24, 2024 12:03 PM NPT By: Republica

KATHMANDU, May 24: The price of gold has declined by Rs 1,800 per tola on Friday.