Economy News
NEA Profit Falls by Rs. 3.95 Billion as Costs and Financial Burden Rise
Nepal Electricity Authority (NEA) reported a sharp decline in net profit in FY 2082/83, with earnings falling by Rs. 3.95 billion compared to the previous fiscal year. The authority attributed the decline to foreign exchange fluctuations, rising financial obligations, free electricity provided to households consuming up to 20 units, higher depreciation and increased operating expenses.
a day ago
Nepal’s Power Export Boom: Rs. 17.47 Billion Earned from Electricity Exports
Nepal Electricity Authority (NEA) has made a major breakthrough in regional energy trade, earning Rs. 17.47 billion from electricity exports in FY 2081/82. With India as its primary market and preparations underway to export 40 MW to Bangladesh, Nepal’s electricity trade is expanding beyond its traditional borders.
a day ago
Taxpayer Incentive Scheme Draws Record Participation, Consumer Wins Rs. 10 Lakh
A consumer who purchased goods worth just Rs. 350 from Ganesh Electronics and Mobile Centre has won the Rs. 10 lakh bumper prize under the Inland Revenue Department’s taxpayer incentive scheme. The latest draw also selected 15 other winners, each receiving Rs. 1 lakh after tax deduction, as participation in the scheme surged sharply in the second half of Shrawan.
a day ago
Gold Surge: Gold and Silver Prices Jump in Nepal
Gold prices rose sharply by Rs. 3,600 per tola in Nepal on Sunday, while silver also gained Rs. 50 per tola as precious metals continued to trade at elevated levels in the international market.
2 days ago
Investment Push: NRNs Ready to Invest in Nepal, But Legal Hurdles Remain
Non-Resident Nepalis (NRNs) say they are eager to invest in Nepal, but complicated legal procedures and concerns over investment security continue to discourage them. Participants at the 11th Asia-Pacific Conference in Guangzhou urged the government to create a simpler, faster and more reliable investment environment.
2 days ago
Gold, Silver Prices Drop in Nepal Market
Gold prices fell by Rs. 4,600 per tola and silver by Rs. 90 per tola in the Nepali market, according to the Federation of Nepal Gold and Silver Dealers’ Association.
4 days ago
Gold Dips, Silver Gains! Precious Metal Prices Move in Opposite Directions
Gold prices declined by Rs. 500 per tola in the Nepali market on Thursday, while silver became Rs. 5 more expensive per tola.
5 days ago
“Not on Debt, but on Our Own Income”: Finance Minister Wagle Unveils New Economic Vision
Finance Minister Dr. Swarnim Wagle says the government’s new budget is designed to increase domestic revenue, reduce dependence on borrowing, and drive national development through Nepal’s own income.
5 days ago
Gold and Silver Prices Decline in Nepal
Gold and silver prices declined in the Nepali market on Wednesday, with gold falling by Rs. 1,200 per tola and silver dropping by Rs. 35 per tola.
6 days ago
Egg Prices Rise as Demand Surges, Support Prices Increased
The Nepal Layers Poultry Farmers Association has raised the support prices of eggs following a rise in market demand and a decline in production after bird flu outbreaks and poultry deaths.
7 days ago
US-Iran Talks Stall, Oil Prices Rise as Global Markets Face Fresh Inflation Risks
Crude oil prices climbed after peace talks between the US and Iran over a ceasefire and the reopening of the Strait of Hormuz ended without a breakthrough, while Asian stock markets remained subdued amid persistent inflation uncertainty.
7 days ago
Gold and Silver Prices Surge in Nepal, Gold Jumps Rs. 6,400 per Tola
Gold and silver prices recorded a sharp rise in the Nepali market on Tuesday, with gold increasing by Rs. 6,400 and silver by Rs. 135 per tola.
7 days ago