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Business

NRB lifts Rs 200-million share mortgage cap

The maximum limit of Rs 200 million set for institutional loans has been abolished. Unveiling the Monetary Policy for the fiscal year 2024/25 here today, Governor of Nepal Rastra Bank Maha Prasad Adhikari informed about this flexibility in share …

Price of gold and silver goes down

The price of gold and silver has gone down today. According to the Federation of Nepal Gold and Silver Dealers Association (FENEGOSIDA), the price of gold has decreased by Rs 2,400 and that of silver by Rs 55 per tola. With the reduction in pr…

Nepal records first Bombardier CRJ-200 plane crash

A Bombardier CRJ-200 aircraft operated by Saurya Airlines crashed in Nepal on Wednesday morning, killing 18 out of 19 people on board. Aviation Safety Network records indicate this is the first fatal crash of a Bombardier CRJ-200 in Nepal, despit…

Chandra Dhakal elected new HCCN Dean

The president of Federation of Nepalese Chamber of Commerce and Industries (FNCCI), Chandra Prasad Dhakal, has been appointed as the new Dean of the Honorary Consul Corps Nepal (HCCN). Dhakal, who is also the Honorary Consul of Indonesia to …

Saurya Airlines aircraft meets with accident at TIA

An airplane of Saurya Airlines has met with an accident at Tribhuvan International Airport. Pokhara-bound aircraft has caught a fire and crashed shortly after it took off from the airport.  “An aircraft of Surya Air…

NEA decides to reconnect lines to industries

A meeting of the Board of Directors of the Nepal Electricity Authority (NEA) convened a while ago has decided to resume power supplies for the industries. The lines had been disconnected to the industries for failing to pay the bills. …

Nepal's foreign trade deficit stands at Rs 1,440 bln in last FY

Nepal suffered a trade deficit of Rs 1,440 billion while carrying out a foreign trade of total Rs 1,745 billion in the last fiscal year (FY) 2023/24. As per the foreign trade statistics of the last fiscal year released by the Department of Custom…

USD, Bahraini Dinar up, Euro, AUD, Pound down

While the value of some foreign currencies including US dollar and Bahraini dinar increased, that of most foreign currencies, including Euro, Pound, and Australian dollar, decreased on Saturday. According to the foreign exchange details…

Gold price Rs 147,500 per tola today

The price of gold has fallen down Rs 2,000 per tola (11.66 grams) in the domestic market today. According to the Federation of Gold and Silver Dealers' Association, hallmark gold is being traded at Rs 147,500 per tola today against Rs 149,500…

Monetary policy should be flexible for a vibrant economy: PM Oli

Prime Minister KP Sharma Oli has asserted that the new government was formed to resolve problems surfaced in the country and to make some changes. During the discussion with office-bearers of the Confederation of Nepalese Industries (CNI) here to…