Economy News
Gold Price Jumps Rs 2,900 to Rs 295,700 Per Tola, Silver Also Rises
Gold and silver prices increased in the Nepali market on Friday, Ashoj 23. Gold rose by Rs 2,900 per tola to Rs 295,700, while silver gained Rs 15 to reach Rs 4,405 per tola.
MFIL Announces 20% Dividend: 5% Bonus Shares and 15% Cash Dividend
Manjushree Finance Limited (MFIL) has proposed a total 20% dividend for its shareholders from the profits of FY 2082/83, comprising 5% bonus shares and 15% cash dividend, including tax. The proposal is subject to approval from Nepal Rastra Bank and the company's upcoming Annual General Meeting (AGM).
73% of Consumers Still Pay Electricity Bills at Counters, Minister Calls for Digital Shift
Energy Minister Biraj Bhakta Shrestha has urged citizens to adopt digital payment methods for electricity bills, noting that 73% of consumers still rely on physical payment counters.
KBSH Announces 18% Bonus Shares and 0.9474% Cash Dividend
Kuthheli Bukhari Small Hydropower Limited (KBSH) has proposed an 18% bonus share and 0.9474% cash dividend for shareholders from the profit of the FY 2082/83.
Nepal Rastra Bank Sets Today’s Foreign Exchange Rates
Nepal Rastra Bank has fixed today’s exchange rates, with the US dollar at Rs. 154.55 for buying and Rs. 155.15 for selling.
NIC Asia Equity Opportunity Fund Size Increased to Rs. 1 Billion Amid Strong Demand
NIC Asia Equity Opportunity Fund has increased its size from Rs. 80 crore to Rs. 1 arba after the mutual fund issue was oversubscribed by investors.
Gold Price Rises by Rs. 500, Silver Declines by Rs. 35
Gold prices increased by Rs. 500 per tola today, while silver recorded a Rs. 35 decline in the domestic market.
Disaster Relief Funds Surpass Rs. 17 Billion After Bhotekoshi Flood
Government disaster and relief funds have reached Rs. 17.06 billion, as financial support continues to pour in following the Bhotekoshi River flood in Rasuwa.
Nepali Edible Oil Industry Seeks Customs Duty Cut as Cheaper Indian Sunflower Oil Raises Smuggling Concerns
Nepali edible oil businesses have urged the government to reduce customs duty on raw sunflower oil after India sharply lowered its import duty, making sunflower oil cheaper across the border.
Nepal’s Repeated Crisis Cycle: World Bank Cautious on Growth as Government Sets 7% Target
From the 2015 earthquake and COVID-19 pandemic to the Gen Z movement and recent BhoteKoshi–Trishuli floods, Nepal’s economy has repeatedly faced major shocks, exposing a persistent gap between cautious international growth forecasts and the government’s ambitious targets.
NRB Directs Banks to Provide Rs. 100 Notes Through ATMs for Dashain
The Nepal Rastra Bank (NRB) has directed banks and financial institutions to make new Rs. 100 notes available through ATMs ahead of Dashain and other major festivals.
Gold and Silver Prices Rise in Nepalese Market
Gold and silver prices edged higher on Ashwin 21, with gold increasing by Rs 800 per tola and silver by Rs 10 per tola.