Business

Kathmandu- Prices of gold and silver increased in the domestic market on Thursday, with gold crossing the Rs 260,000 mark once again and silver touching an all-time high. According to the Nepal Gold and Silver Dealers Federation, the price of gold has been fixed at Rs 260,400 per tola for…

Lumbini- The Government of Nepal today sent two elephants as a gift to the Government of Qatar. The elephants, Khagendraprasad and Rudrakali, were loaded onto a truck from Chitwan’s Sauraha and transported to Bhairahawa. From there, they were flown to Qatar via a Qatar Airways cargo charter flight. The elephants…

Kathmandu- The Central Investigation Bureau (CIB) of Nepal Police has filed a case at the Kathmandu District Court alleging fraud in the decision to lease two ropanis of land at Durbarmarg owned by the Nepal Trust. The case was registered on Wednesday through the Government Attorney’s Office following a month-long…

Kathmandu– The Asian Development Bank (ADB) is set to provide Nepal with USD 100 million in concessional loan support to help implement fiscal federalism, strengthen public financial management, and improve budgetary systems across all three tiers of government. The assistance will be extended under Subprogram–2 of ADB’s Strengthening Public Financial…

Kathmandu- Minister for Energy, Water Resources and Irrigation Kulman Ghising has expressed confidence that Nepal will soon receive water from the Tanakpur Barrage, stating that coordination with the Indian side is underway to facilitate water release. Minister Ghising made the remarks while inspecting the Tanakpur Barrage at Brahmadev in Kanchanpur…

Kathmandu- The government’s capital expenditure has remained sluggish in the first five months of the current fiscal year 2082/83, with spending reaching only eight percent of the annual allocation. According to data released by the Financial Comptroller General Office (FCGO), capital expenditure stood at Rs 33.87 billion as of December…

Kathmandu- Nepal’s travel payments increased by 11.8 percent to Rs 75.74 billion in the first four months of the current fiscal year 2082/83, driven largely by spending on foreign education, according to Nepal Rastra Bank (NRB). In its Current Macroeconomic and Financial Situation report released on Monday, the central bank…

Kathmandu- The US dollar has climbed to an all-time high against the Nepali rupee, according to the foreign exchange rates published by Nepal Rastra Bank (NRB) on Monday. The central bank has fixed the buying rate of one US dollar at Rs 144.88, while the selling rate stands at Rs…

Kathmandu– The Nepal Rastra Bank (NRB) and the International Finance Corporation (IFC) have signed a memorandum of understanding to collaborate on the strategic development of climate finance in Nepal. The MoU was signed during a programme at the central bank by NRB Executive Director Dayaram Sharma Pangeni and Gregory Smith,…

Kathmandu- The government has appointed Dr. Prakash Kumar Shrestha as Vice-Chair of the National Planning Commission (NPC), while Prof. Dr. Suniti Shrestha Hada has been named as a member. The decision was taken at today’s Council of Ministers meeting, according to government spokesperson and Communications Minister Jagdish Kharel. previously he…