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NEPSE transaction down by Rs 8 bln this week

Nepal Stock Exchange (NEPSE) index witnessed a fall for four trading days this week. The market, which fell by 27.21 points on the first trading day of the week (Sunday), continued this trend to settle at 2005.83 points. The market, which op…

Nepal witnesses trade deficit of Rs 811 bln in 7 months

The country has experienced a ballooning trade deficit of Rs 811 billion 110 million while making a foreign trade of Rs 984 billion 770 million in the first seven months of the current fiscal year 2080/81 BS. According to the foreign trade data o…

Govt projects Rs 1.8 trillion budget ceiling for FY 2024/25

The government has prepared a budget ceiling of 1.8 trillion for the next financial year (FY) 2024/25. The Ministry of Finance gave this information during a press conference on Friday morning. The resource committee led by the vice chairman o…

Nepal is a virgin land for investment opportunities:  FNCCI Prez Dhakal

President of the Federation of Nepalese Chamber of Commerce and Industries (FNCCI), Chandra Dhakal, has requested that world business leaders to connect with Nepal's virgin land of opportunities. He urged world businesspersons to invest speci…

Gold loses luster by Rs 300 per tola

The price of gold has gone down by Rs 300 per tola on Tuesday. The hallmark gold which was sold for Rs 118,000 on Monday is being sold for Rs 117,700 per tola today, said the Federation of Nepal Silver Dealers Association (FENEGOSIDA). Similar…

Estimates of revenue and expenditure reduced

The government has reduced the revenue and expenditure estimates for the current fiscal year 2080/81 after a mid-review of the budget. For the current financial year, revised estimates is worth 87.38 percent of the initially allocated budget, i.e…

Commercial banks post interest income of over Rs 96 bln

Commercial banks have amassed interest income amounting to 96.24 billion rupees in the last six months of the current fiscal year.  Twenty commercial banks, which are currently in operation in Nepal, made these interest income by mid-January…

FinMin urges customs offices to focus on meeting revenue collection target

Finance Minister Dr Prakash Sharan Mahat today visited the Mechi Customs Office, Kakarvita, Bhadrapur Customs Office and the Inland Revenue Office, Bhadrapur in Jhapa.  The Minister who had been here to attend an inaugural session of the 15-…

USD, Euro, British Pound remain unchanged

Nepal Rastra Bank has announced the rate of foreign currencies for today (Sunday). According to the National Bank, the prices of all foreign currencies have remained the same as yesterday. The buying rate of one USD is fixed for 132 rupees 56 …

Orange production up in Solukhumbu

Orange production has gone up in Solukhumbu, the mountainous district in Koshi province. It has increased by more than 400 metric tonnes this season, the Agriculture Knowledge Centre Solukhumbu said. The district produced 469 metric tonnes more o…
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