Economy News
Gold Prices Plunge by Over Rs 10,000 per Tola in Massive Single-Day Drop
The Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA) reported an unprecedented single-day crash in the bullion market today, as fine gold plummeted by Rs 10,100 per tola, slipping well below the Rs 300,000 mark.
4 months ago
Flydubai Approved for Daily Direct Flights to Pokhara Starting September
The Civil Aviation Authority of Nepal (CAAN) has officially cleared Flydubai to launch daily direct flights between Dubai and Pokhara International Airport starting September 23, marking a monumental shift for the region's tourism and international transit network.
4 months ago
Mustang Customs Collects Massive Rs. 6.66 Billion in Revenue!
Driven by a surge in trade following the full activation of the Korala border point with China, the Mustang Customs Office has recorded a historic revenue collection of Rs. 6.66 billion as of late May.
4 months ago
Gold Hits New Heights with a Massive Rs. 2,000 Jump!
Precious metals saw an upward trend on Tuesday as the domestic market witnessed an Rs. 2,000 hike in the price of gold per tola, while silver prices nudged up by Rs. 20 per tola.
4 months ago
NRB Fixes Fresh Forex Rates for Monday; US Dollar Crosses Rs 152 Selling Mark
Nepal Rastra Bank (NRB) has unveiled today's foreign exchange rates, positioning the US Dollar selling rate at Rs 152.22.
4 months ago
Finance Ministry Finalizes Rs 109.65 Billion Intergovernmental Transfer for Seven Provinces
The Ministry of Finance has finalized a total budget transfer of Rs. 109.65 billion across four grant categories for all seven provinces for FY 2083/84.
4 months ago
Domestic gold prices witnessed a sharp decline of Rs 900 per tola on Monday.
The price of fine gold dropped by Rs 900 per tola, falling to Rs 299,900 from yesterday's Rs 300,800.
4 months ago
Social Security Fund Prioritizes Energy and Infrastructure Sectors to Diversify Massive NPR 111 Billion Deposit Base
The Social Security Fund (SSF), managing a massive deposit base of over NPR 111 billion, has announced a major shift toward financing national infrastructure projects, including hydropower, solar energy, and clinker production. Moving away from passive bank deposits to maximize economic growth, the fund has established strict risk-mitigation guidelines, such as capping power project investments to a minimum capacity of 20 megawatts and requiring a minimum of 30 percent equity.
4 months ago
Nepal Rastra Bank Announces Foreign Exchange Rates for Sunday
Nepal Rastra Bank has released the foreign currency exchange rates for Sunday, establishing the buying rate of the US Dollar at Rs 151.62 and the selling rate at Rs 152.22. Under the new reference sheet, the European Euro sits at a selling price of Rs 177.17, while the UK Pound Sterling is valued at Rs 205.06 for sales
4 months ago
From Texas Trading Rooms to Nepal's Stagnant Market: Why Nepal Must Shift Away from Control-Oriented Policies
Renowned analyst Arun Kumar Subedi has called on Nepal to launch its second phase of economic liberalization by welcoming Foreign Institutional Investors (FII) into the secondary share market. Drawing insights from modern university trading infrastructure in the US and India's landmark 1991 economic reforms, Subedi argued that moving away from obsolete, control-oriented policies is no longer just an option for Nepal, but a mandatory requirement to sustain and diversify its financial sector.
4 months ago
Gold and Silver Prices Plunge Heavily in the Nepali Market; Gold Drops by Rs 8,200 Per Tola
According to FENEGOSIDA, gold and silver prices plummeted sharply on Sunday in the Nepali market. Gold dropped by a massive Rs 8,200 to settle at Rs 300,800 per tola, while silver fell by Rs 335, bringing today's trading price down to Rs 4,895 per tola.
4 months ago
Himalaya Airlines Launches First Direct Scheduled Flights Between Kathmandu and Shenzhen
Himalaya Airlines has announced direct flights to Shenzhen, offering travelers a faster and more convenient link to one of China's leading economic hubs.
4 months ago