Author: Nepal123
Koshi NK Motors Revs Up Electric Vehicle Production in Nepal
In a significant stride towards promoting sustainable transportation and indigenous manufacturing, Koshi NK Motors Pvt. Ltd. has accelerated its preparations to commence the production of electric vehicles (EVs) within a year. Established in Koshi Province with an investment exceeding Rs. 3 billion, this ambitious venture has taken a concrete step forward by entering into a […]
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Private Sector Urges Competitive Tax Reforms to Curb Smuggling
The private sector in Nepal has raised concerns over the prevalent issue of cross-border smuggling, urging the government to introduce a competitive and progressive tax system to address this challenge. This call to action comes amidst an economic summit titled ‘Fundamental Need of Economy: Joint Commitment from Political Leaders’ organized by Kantipur Media Group in […]
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Nepal Forex Rates: May 13, 2024
In the dynamic world of international finance, staying informed about foreign currency exchange rates is crucial for businesses, travelers, and individuals engaged in cross-border transactions. The Nepal Rastra Bank (NRB), the country’s central bank, has released the latest forex rates for May 13, 2024, providing valuable insights for those operating in the Nepali market. According […]
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Nepal Records Robust Remittance Inflows Amidst Economic Landscape
Nepal continues to witness substantial remittance inflows, with the latest report from the Nepal Rastra Bank (NRB) shedding light on key trends in the country’s economic landscape. Remittance Inflows: Nepal received Rs. 1082.62 billion in remittances over the past nine months, indicating a significant 19.8 percent increase compared to the same period last year. This […]
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International Commodity Prices Surge; Gold and Oil Reach New Highs
The international commodity market has experienced a significant surge in prices, impacting key commodities such as oil and gold, while the Nepali market sees notable increases in gold and fuel prices. International Commodity Prices: Crude Oil Brent prices soared by 7.6 percent, reaching $93.12 per barrel in mid-April 2024, compared to $86.51 per barrel a […]
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Nepal’s Economic Outlook: Positive Trends in Key Indicators
Nepal’s economic landscape demonstrates resilience and positive growth trajectories across several key indicators as per the latest report by the Nepal Rastra Bank (NRB). The report highlights encouraging trends in various economic facets: Inflation Trends: CPI-based inflation remained stable at 4.61 percent year-on-year (y-o-y), down from 7.76 percent compared to the previous year. Food and […]
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Nepal’s Inflation Cools with Mixed Regional Trends
Nepal’s consumer price inflation exhibited a mixed trend across various regions, according to the latest data. While the Kathmandu Valley and Terai regions experienced a moderation in inflation rates, the Hilly region witnessed a notable increase. The year-on-year consumer price inflation in the Kathmandu Valley stood at 4.06 percent, a significant drop from 8.57 percent […]
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Nepal’s Foreign Exchange Reserves Surge by 24.2% to New Heights
Nepal’s foreign exchange reserves have witnessed a remarkable surge, according to the latest data released by the Nepal Rastra Bank (NRB). In mid-April 2024, the gross foreign exchange reserves soared by an impressive 24.2 percent, reaching a staggering Rs. 1911.86 billion, a significant increase from the Rs. 1539.36 billion recorded in mid-July 2023. In US […]
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Nepal’s Banking Sector: A Beacon for Women’s Advancement
In Nepal, Banking Industry Leads Women’s Empowerment Efforts, Nepali Women in Finance, Nepali Market Progress, Nepal Women Workforce, Nepal Banking Gender Equality, Nepal Business News, Nepal’s banking sector is paving the way for women’s empowerment despite social challenges in the patriarchal society. A recent report by the International Finance Corporation (IFC) unveils Nepal’s leading role […]
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