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Himalayan Reinsurance to carry out transactions in India

Himalayan Reinsurance Limited, a private sector-run company in Nepal, is set to carry out its transactions from India, too. The Insurance Regulatory and Development Authority of India (IRDAI) has provided FRN Number to Himalayan Reinsurance,…

Shrestha-led panel formed to elect SEBON Chair

A three-member committee has been formed under the coordination of Dr. Min Bahadur Shrestha, the vice chairman of the National Planning Commission, to elect the chairman of Securities of Nepal (SEBON). A meeting of the Council of Ministers h…

Trade deficit can be reduced thru energy production: DPM Shrestha

Deputy Prime Minister and Home Affairs Minister, Narayan Kaji Shrestha, has emphasized that hydroelectricity is the major means for reducing trade deficit and taking the country ahead towards prosperity, and the government has kept it in main priori…

Gold loses luster as price continues to decline

The gold price has gone down by Rs 700 per tola today (Thursday). According to the Federation of Nepal Gold and Silver Dealers Association (FENEGOSIDA), the price of hallmark gold is set for Rs 117,500 while that of tejabi is Rs 116,950 per tola.…

Gold price Rs 118,200 per tola today

The price of yellow precious metal has gone down by Rs 1,200 per tola today (Wednesday). According to the Federation of Nepal Gold and Silver Dealers Association (FENEGOSIDA), the price of hallmark gold is set at Rs 118,200 per tola and that of t…

Adani Group representative in Kathmandu, discusses Nijgadh Airport investment

The representatives of billionaire Gautam Adani, chairman of Adani Group, who is considered close to the Prime Minister of India, Narendra Modi, have arrived in Nepal. This group, which has been investing in large infrastructure in…

NAC's wide-body plane grounded after suffering technical glitch

A wide-body aircraft of Nepal Airlines Corporation (NAC) has been grounded after a technical problem was detected in it. With this, the passengers bound to Doha, Qatar have been stranded. NAC spokesperson Ramesh Poudel said the flight had to be s…

Half-yearly review of budget: Country experiences fiscal deficit

The government expenditures in the first half of the current fiscal year 2080-81 BS (2023-24) exceeded the income. Till mid-January, the nation suffered a budget deficit worth Rs 48.46 billion. According to the data from the Office of the Auditor…

NEA decides to resume power supplies to defaulting industries

Nepal Electricity Authority (NEA) has resumed electric supplies to the industries whose power lines had earlier been disconnected for their failure to pay the arrears. The NEA decided to reconnect the power supplies to the 24 industries after the…

Economic indicators show positive growth

Most of the indicators of the country's economy have shown positive growth during the first five months of the current fiscal year. As per the country's current macroeconomic and financial situation of the first five months released by th…
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