Blogs & Articles
NEPSE Index Rises by 27.54 Points, Banking Sector Leads Market Growth
Monday proved to be a bullish day for the Nepal Stock Exchange (NEPSE) as the market index surged by 27.54 points, reaching a commendable 2092 points. Amidst afternoon trading, the market scaled even higher, peaking at 2121 points by 12:23 pm before experiencing a slight stabilization. Notably, the transaction volume also witnessed a substantial uptick, […]
Read More
Nepal’s Foreign Trade Declines Significantly, Imports Outweigh Exports
Nepal’s trade landscape reflects a concerning downturn, with foreign trade experiencing a substantial decline during the first ten months of the current fiscal year. Reports indicate a stark plunge of 36.69 billion rupees, painting a challenging picture for the nation’s economic outlook. As of April, Nepal’s total foreign trade stands at 1.429 trillion rupees, showcasing […]
Read More
Nepal’s Ambitious Multi-Hazard Early Warning System to Cost $614 Million
In a groundbreaking move to fortify disaster response capabilities, Nepal’s National Disaster Risk Reduction and Management Authority (NDRRMA) unveils plans for a comprehensive multi-hazard early warning system. Estimated at a staggering Rs 81 billion 40 million and 80 thousand (US$ 614 million), this initiative aims to revolutionize disaster preparedness across the nation. The NDRRMA reveals […]
Read More
Nepal Unveils Startup Policy to Boost Entrepreneurship
In a bid to foster innovation and entrepreneurship, the Nepali government has announced the ‘National Startups Policy, 2080’, which outlines a range of incentives and facilitation measures for startup enterprises in the country. The policy, adopted and enforced by the Council of Ministers, aims to promote and facilitate investment in startups by providing waivers, easing […]
Read More
Nepal ISPs Await Court Ruling on Internet Tax Payment
In a move that could potentially impact internet access and prices in Nepal, internet service providers (ISPs) are eagerly awaiting the full text of the Supreme Court’s ruling regarding the payment of taxes they collected from customers. This comes after the court scrapped a writ petition filed by Worldlink Communications, ordering ISPs to pay the […]
Read More
Gold and Silver Prices Dip in Nepali Market
The domestic market for precious metals witnessed a decline in prices today, with both gold and silver experiencing a notable drop. According to the Federation of Nepal Gold and Silver Dealers’ Associations, the price of hallmark gold has decreased by Rs. 700 per tola (11.66 grams), bringing the current trading price to Rs. 139,300. On […]
Read More
Nepal Bans Popular Indian Spice Brands Over Cancer Concerns
In a move to safeguard public health, Nepal’s food safety agency has imposed an immediate ban on the sales and imports of popular Indian spice brands MDH and Everest. This decisive action comes after findings from several countries revealed the presence of ethylene oxide, a cancer-causing chemical, in these spice products. The Department of Food […]
Read More
NRB Revises Vehicle Loan Rules, Eases Home Loan Criteria
In a significant move aimed at promoting financial inclusion and supporting economic growth, the Nepal Rastra Bank (NRB) has announced key revisions to its monetary policy during the third-quarter review for the fiscal year 2023/24. Among the notable changes, the central bank has reduced the risk weightage on vehicle loans and eased the eligibility criteria […]
Read More
Nepali Government Aims to Brand and Export Local Liquors
In a move to promote Nepal’s traditional liquor industry, the government has unveiled plans to brand and export local liquors by maintaining stringent quality standards. President Ramchandra Paudel announced this initiative while presenting the government’s policy and program for the upcoming fiscal year 2081/082 BS. During his address, President Paudel stated that a special program […]
Read More