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Customs officials, security personnel and smugglers are hand in glove in smuggling of goods!
Published On: July 3, 2024 09:44 AM NPT By: Arjun Oli
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.
NOC is still at a Rs 50 billion loss. Who is then making the profit from higher prices of petroleum products?
Published On: August 17, 2022 03:53 PM NPT By: Republica
KATHMANDU, August 17: Throughout the last fiscal year, the consumers were forced to buy fuel by paying much higher prices. Nepal Oil Corporation (NOC), which has a monopoly in the petroleum business in Nepal, should have made profit by selling petroleum products at higher prices. But this is not the case. The accumulated loss of the NOC has reached Rs 50 billion by the end of the last fiscal year 2021/22
Ministry of Finance takes a lead to substitute LPG cylinders with electric stoves
Published On: August 17, 2022 03:22 PM NPT By: Republica
KATHMANDU, August 17: The Ministry of Finance (MoF) finally walked the talk when it comes to substituting the use of LPG with electric stove (popularly known as induction stove).
Dr Shalik Ram Pokhrel appointed as an expert advisor to Finance Minister Sharma
Published On: August 17, 2022 03:10 PM NPT By: Republica
KATHMANDU, August 17: Deputy Director of Nepal Rastra Bank Dr Shalik Ram Pokhrel has been appointed as an expert advisor of Finance Minister Janardan Sharma.
Price of gold declines
Published On: August 17, 2022 01:47 PM NPT By: Republica
KATHMANDU, August 17: The price of gold has decreased by Rs 500 per tola in the domestic market.
Remittances inflow crosses Rs 10 billion in FY 2078/079
Published On: August 17, 2022 11:50 AM NPT By: Republica
KATHMANDU, August 17: Remittances inflow in the country increased 4.8 percent in Nepali rupee and 2.2 percent in US Dollar in the fiscal year 2078/079 BS, according to the Nepal Rastra Bank (NRB).
Central bank introduces measures to control foreign currency exchange
Published On: August 17, 2022 09:30 AM NPT By: Republica
KATHMANDU, August 17: Nepal Rastra Bank (NRB), the central bank, has tightened the facility provided for foreign currency exchange for import-export.
NRB’s record shows annual inflation was limited to just 6.32 PC in last FY as people felt heat of sharp spike in prices of daily essentials
Published On: August 17, 2022 06:20 AM NPT By: Republica
KATHMANDU, August 17: The annual consumer price inflation last year hit 6.32 percent, up from 3.60 percent inflation of the previous fiscal year.
Nepal’s forex reserves declined by 13.1 percent in FY 2021/22; existing reserves can finance imports for 6.9 months
Published On: August 16, 2022 07:44 PM NPT By: Republica
KATHMANDU, August 16: The foreign currency reserve with the country declined by 13.1 percent to Rs 1.215 trillion in the last fiscal year.
Seven Nepali ICT students selected for Huawei’s Seeds for the Future program
Published On: August 16, 2022 07:40 PM NPT By: Republica
KATHMANDU, August 16: Huawei hosted the opening ceremony for Seeds for the Future – its global flagship CSR program for undergraduate level students from all ICT-related disciplines in Kathmandu on Tuesday. This is the second year that Huawei has launched the program in Nepal.
NRB raises daily limit of money remitted from abroad to Rs 1.50 million from Rs 1 million
Published On: August 16, 2022 06:34 PM NPT By: Republica
KATHMANDU, August 16: Nepal Rastra Bank (NRB) has increased the threshold of money remitted from abroad on a daily basis from Rs 1 million to Rs 1.50 million.
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