Nepal
Auspicious Time for Dashain Tika 2081
This year, the auspicious time for Dashain Tika is at 11:36 AM. According to the auspicious time announced by the Panchang Determination Committee on Friday, 11:36 AM on Vijaya Dashami is considered the most favorable time for receiving Tika. Vijaya Dashami falls on Saturday, Ashoj 26 (October 12). The Panchang Committee has stated that the […]
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Nepal Initiates First Sovereign Credit Rating Process with Fitch Ratings
Nepal has embarked on securing its inaugural sovereign credit rating, with Fitch Ratings spearheading the effort. A Fitch Ratings team is currently on-site, conducting evaluations and engaging with key government entities, including the Ministry of Finance and Nepal Rastra Bank, as well as private sector companies, to gauge the nation’s economic position. Obtaining this credit […]
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NEPSE Experiences Significant Decline Amid Market Correction
Today, the Nepal Stock Exchange (NEPSE) closed at 2,646.03, reflecting a decrease of 55.86 points, or 2.06%. This decline underscores the continuation of the current market correction phase. The day’s trading saw a total turnover of NRs 9.43 Arba, indicating that investor sentiment is still cautious despite the lower market levels. This cautious attitude among […]
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Paypal May Enter Nepal – A game-changer for Digital Payments
In a groundbreaking development for Nepal’s financial technology sector, the world’s leading online payment gateway, PayPal, may soon make its entry into the Himalayan nation. Recent reports suggest that Nepal Rastra Bank (NRB), the country’s central bank, is actively pursuing collaboration with the American digital wallet giant to enhance international payment capabilities for Nepali users. […]
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Nepal’s Economic Landscape: Volatility, Reforms, and Progress
Nepal’s economic landscape has been marked by volatility and strategic planning, as the nation navigates global instabilities, domestic reforms, and sectoral advancements. The fluctuations in gold prices, mirrored by the NEPSE index’s volatility, underscore the market’s sensitivity to geopolitical tensions, monetary policy shifts, and economic uncertainties. Amidst this dynamic environment, Nepal unveiled its new fiscal […]
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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 […]
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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 […]
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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 […]
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Nepali Businessman Sharma Appointed as Kyrgyzstan’s Honorary Consul
In a move to strengthen economic ties between Nepal and Kyrgyzstan, Ramesh Sharma, the Secretary General of the Nepal-India Chamber of Commerce and Industry, has been appointed as the Honorary Consul General of Kyrgyzstan to Nepal. The flag hosting and inauguration ceremony was held in the presence of Non-residential Ambassador to Nepal, Askar Beshimov. Sharma, […]
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