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Price of gold hits Rs 140,900 per tola

The price of gold has climbed in the domestic market. According to the Federation of Nepal Gold and Silver Dealers' Associations, the price of hallmark gold has increased by Rs 1,600 per tola (11.66 grams) and reached Rs 140,900. Hallmark gol…

Nepal Tourism Board bags 'Most Popular Cultural Tourism Destination Award' in China

The Nepal Tourism Board has received the ‘Most Popular Cultural Tourism Destination Award’ at the Gwangzhou International Travel Fair (GITF) held in Guangzhou in China. The PATA Nepal Chapter and other seven travel agencies and hotels…

Value of USD, Euro, Pound, Dinar down

The value of all foreign currencies including US Dollar, Euro, British Pound, Dinar has decreased today (Saturday). According to NRB, the buying rate of one USD is Rs 133.4 and the selling rate is Rs 133.64. The buying rate of one USD was Rs 133.…

Monetary Policy Review: Risk weightage of vehicle loan reduced

The Nepal Rastra Bank (NRB) has, through third quarterly review of the monetary policy of the current fiscal year 2023/24, reduced the risk weightage of vehicle loan. The risk weightage on hire purchase loans provided by banks and financial institut…

Only private sector can meet the target of generating 28,000 MW in 10 yrs: Ghising

Nepal Electricity Authority (NEA) Managing Director Kulman Ghising has said that only the private sector can meet the target of generating 28,000 megawatts of electricity in the next 10 years. Speaking at the pre-budget discussion held in Ka…

Ncell launches ‘Always On’ based on 5G vision

Ncell, a major foreign investor in Nepal, has unveiled an exciting scheme called ‘Always On’ based on 5G vision. Along with this, Ncell has stated that now the customers will not have to face the problem of pesky balance deductions on…

16th Five-Year Plan sets target of 7.3 % economic growth and US $2,351 per capita income

The 16th Five-Year Plan has been made public after it was endorsed by the Council of Ministers. According to the 16th Fifth-Year Plan, the economic growth is projected to reach at 7.3 percent in the fiscal year 2085/086. The current economic g…

Gold price up by Rs 1000 per tola

The price of gold has increased by Rs 1,000 per tola today (Wednesday). According to the Federation of Gold and Silver Dealers Association (FENEGOSIDA), the price of gold is set for Rs 138,400 per tola today. The price of hallmark gold was Rs …

Budget will be announced in line with govt policies and programs: FinMin

Minister for Finance Barshaman Pun has said that the budget for the upcoming fiscal year will be brought to implement the government's policies and programs announced on Tuesday. Talking briefly to the media after the announcement of the upco…

Govt to undertake legal, policy intervention to address cooperative issues

The government has pledged to take necessary initiatives to address issues in the banking, financial institutions, microfinance, and cooperative sectors.  The government assured of this in its policies and programs for the upcoming fiscal ye…