Nepali startups
Probe into Nepali Payment Firms
In a move to crackdown on illicit financial activities, the Nepal Rastra Bank (NRB), the country’s central bank and regulatory authority, has launched an investigation into two prominent Nepali payment service providers – Prabhu Money Transfer and Sajilo Pay Payment Services. The investigation stems from suspicions of their alleged involvement in unlawful businesses such as […]
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NEPSE Rallies Higher, Gains 15.54 Points
The Nepal Stock Exchange (NEPSE) continued its upward trajectory on Wednesday, the fourth trading day of the week, as the benchmark index rose by a substantial 15.54 points. This bullish performance saw the Nepali stock market recording a steady increase of 0.73 percent, propelling the index to close at 2131.49 points amid robust trading activity. […]
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Bagmati Province Leads Nepali GDP Contributions
Bagmati Province has emerged as the frontrunner in contributing to Nepal’s Gross Domestic Product (GDP), while Karnali Province lags behind, according to the latest Provincial GDP Estimates for the fiscal year 2080/81 released by the National Statistics Office (NSO). The report, made public on Wednesday, reveals that Bagmati Province is estimated to account for a […]
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Gold Prices Drop by Rs 1,200 per Tola in Nepal
The domestic gold market in Nepal experienced a notable decrease in prices today, with the rate of fine gold falling by a substantial Rs 1,200 per tola. According to the Nepal Gold and Silver Dealers’ Association, the price of fine gold has been fixed at Rs 140,600 per tola, while standard gold is currently traded […]
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NCC’s Bold Vision: Rs. 1,000 Billion Export Target
The Nepal Chamber of Commerce (NCC), under the leadership of its newly elected President, Kamlesh Agrawal, has formulated an ambitious plan to propel the country’s annual export capacity to an unprecedented Rs. 1,000 billion. This bold initiative, outlined in the NCC’s export promotion action plan, aims to catalyze export growth and reduce the nation’s trade […]
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NEPSE Rallies Higher as Bullish Sentiment Prevails
The Nepal Stock Exchange (NEPSE) has extended its bullish run, surging by 23.94 points on Tuesday, the third trading day of the week. This upward momentum has further solidified NEPSE’s position, with the benchmark index closing at 2115.94 points, reflecting a 1.14 percent gain. The robust trading activity and positive market sentiment have fueled optimism […]
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Nepal’s Bank Deposits Surge, Loans Decline
Nepal’s banking sector has witnessed a notable shift in financial dynamics, according to the latest statistics released by the Nepal Bankers’ Association. While bank deposits have surged by a staggering Rs 26 billion in the month of Baisakh (April/May) of the current fiscal year, bank loans have contracted by Rs 15.19 billion during the same […]
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Nepal’s Mounting Trade Deficit Raises Economic Concerns
Nepal’s trade deficit has reached an alarming level, with figures from the Department of Customs revealing a staggering Rs 1177 billion deficit as of the end of the month of Baisakh (mid-May) in the current financial year. This widening trade gap, fueled by a surge in imports and lackluster export performance, has raised concerns about […]
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Nepal’s Mounting Trade Deficit Raises Economic Concerns
Nepal’s trade deficit has reached an alarming level, with figures from the Department of Customs revealing a staggering Rs 1177 billion deficit as of the end of the month of Baisakh (mid-May) in the current financial year. This widening trade gap, fueled by a surge in imports and lackluster export performance, has raised concerns about […]
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Bhairahawa Customs Revenue Falls Short
The Bhairahawa Customs Office, a crucial hub for Nepal’s import and export activities, is facing a significant shortfall in revenue collection for the current fiscal year. With only two months remaining, the office has achieved a mere 51% of its revenue target, raising concerns about the potential impact on Nepali businesses, the local market, and […]
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