President Ramchandra Paudel has revealed an ambitious plan to bolster Nepal’s entrepreneurial landscape in the upcoming fiscal year 2024/25. The government aims to provide subsidized loans to 1,000 young individuals venturing into startup businesses, fostering innovation and economic growth. This announcement was part of the policy and program presentation for the coming year. The initiative […]
On Monday, the Nepal Stock Exchange (NEPSE) witnessed a significant uptick, with the NEPSE index climbing by 24 points, stabilizing at 1998 points. This surge was accompanied by a notable increase in transaction volume, rising from Rs 3.15 billion to Rs 3.40 billion, indicating heightened market activity. Among the listed companies, 148 experienced a rise […]
On Monday, the Nepal Stock Exchange (NEPSE) witnessed a significant uptick, with the NEPSE index climbing by 24 points, stabilizing at 1998 points. This surge was accompanied by a notable increase in transaction volume, rising from Rs 3.15 billion to Rs 3.40 billion, indicating heightened market activity. Among the listed companies, 148 experienced a rise […]
In a development that has captured the attention of investors and consumers alike, the price of gold has experienced a decrease of Rs. 300 per tola in the domestic market today. According to the latest announcement from the Nepal Gold and Silver Dealers’ Association, the price of fine gold has been fixed at Rs. 138,100 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]