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ECONOMY

ERC tightens noose against hydropower developers trading sha...

The Electricity Regulatory Commission (ERC) has stepped up actions against a number of hydropower companies whose promoters were found to be selling more than five percent of the shares without taking permission from the regulator.  
9 hours ago
ECONOMY

Govt gets Rs 1.9 trillion budget cap for upcoming FY

The National Planning Commission (NPC) has set a budget ceiling of Rs 1.9 trillion for the upcoming Fiscal Year (FY) 2025/26.  
10 hours ago
ECONOMY

Fate of MCC-funded projects hangs in balance as US suspends...

The latest communication from the US government confirming that the funding pause applies to MCC-funded projects has raised concerns not only about the delays but also about the projects' successful completion.
18 hours ago
ECONOMY

Construction of Upper Myagdi-I Hydropower Project’s dam begi...

The promoter company, Myagdi Hydropower Limited, has begun construction of a 15-meter high and 40-meter long dam in Khamla, Dhawalagiri Rural Municipality-4, Myagdi. Rural Municipality Chairman Prem Prasad Pun laid the foundation stone of the dam on Wednesday, according to the state-owned RSS.
20 hours ago
ECONOMY

Flight operation resumes at Tumlingtar Airport after three w...

Flight operations have resumed at Tumlingtar Airport, the only airport in the mountainous Sankhuwasabha district, following an improvement in weather conditions after three weeks. An aircraft of  Buddha Air with 72-seat capacity took off from the airport on Wednesday.
21 hours ago
ECONOMY

NRB urges holders of old Danish banknotes to exchange them b...

The central bank of Denmark has decided to revoke the legal tender of old banknotes after May 31, 2025. Therefore, the NRB has informed everyone to exchange notes on time through the Banking Department, provincial offices, licensed banks and financial institutions or authorized money changers.
22 hours ago
ECONOMY

NPC sets Rs 1.9 trillion budget ceiling for next FY

According to ministry sources, the NPC submitted the budget estimate report to the Finance Ministry on Tuesday. According to the constitution, there is a provision to submit the budget for the upcoming FY May 29, 2025.
1 day ago
ECONOMY

Nepal’s public debt crosses Rs 2.611 trillion

According to the Public Debt Management Office (PDMO), the amount of borrowings increased Rs 140.37 in the first seven months of the current fiscal year.
1 day ago
ECONOMY

MCC project ‘temporarily’ suspended in Nepal

The US government has communicated its blanket decision to put on hold US-fundaed Millennium Challenge Corporation (MCC) projects for 90 days.
1 day ago
ECONOMY

Nearly 580,000 visit Nepal in six months

According to the data of the Nepal Tourism Board, the number of tourists has increased this fiscal year 2024/25 compared to last year 2023/24.
1 day ago