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NEA makes profit of Rs 12.33 bln in FY 2022/23

Nepal Electricity Authority (NEA) has earned a net profit of 12.33 billion rupees in the last fiscal year. In a press meet organized on Thursday in Kathmandu, Kulman Ghising, the managing director of the Authority, informed that the pro…

Agarwal appointed Honorary Consul of Dominican Republic for Nepal

Mr Gaurav Agarwal has been appointed as the Honorary Consul of the Dominican Republic for Nepal. This appointment marks a new era of diplomatic relations between the Dominican Republic and Nepal, strengthening ties and fostering collaborations in…

Kumari, Himalayan banks face music for failure to maintain CD ratio

Two banks have been penalized for their failure to maintain the credit and deposit (CD) ratio. Nepal Rastra Bank took action against Kumari Bank and Himalayan Bank Limited for not maintaining the CD ratio. Kumari Bank was fined …

Govt to increase capital expenditure to reinvigorate economy: FinMin Mahat

Finance Minister Dr Prakash Sharan Mahat has said the government has been carrying out activities increasing capital expenditure to make the economy further dynamic. At a press meet organized by Nepal Press Union, Parsa, at Birgunj today, Ministe…

Nepal to procure 1 mln metric tons paddy rice, 100,000 metric tons rice

No sooner India announced to put a ban on the export of rice, than the price of rice has gone up here in Nepal. The Nepal government has decided to import rice in a bid to control the price increase in the country. According to the decision, N…

Protest stalled as govt and cooperative victims sign 7-pt deal

The government and the victims of cooperative have signed a seven-point deal on Thursday, ending a protracted demonstration. The seven-point deal was signed between Minister for Land Management, Cooperatives and Poverty Alleviation Ranjita Shrest…

Revenue Allotment: Department of Customs- 600.5 bln, IRD-600 bln

The Ministry of Finance has set targets for the Department of Customs and the Department of Inland Revenue (IRD) to collect revenue for the fiscal year 2023-24. The ministry has informed that the revenue target presented through the budget for th…

Petrol, diesel price up; LP gas cylinder price down

The price of petroleum products has increased in Nepal. The state-owned Nepal Oil Corporation (NOC) has increased petrol price by Rs 9 per liter and kerosene and diesel price by Rs 7 per liter. It will come into effect from 12.00 tonight. NOC sai…

Exports drop by over 21 percent in FY 2022-23

The data about Nepal's exports in the last fiscal year was not encouraging despite the government efforts to promote the export trade. During the fiscal year 2079-80 BS (2022-23), Nepal's exports rate saw a decline of 21.4 percent. Acc…

NEPSE down 28.59 points

Nepal Stock Exchange (NEPSE) went down by 28.59 points to settle at 2077.58 on Tuesday, the third trading day of the week. Despite fall in the indexes, the bench mark index witnessed rise in the transactions amounting to 1.92 billion rupees …
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