Economy News
Precious Metals Plunge: Gold Drops by Rs. 5,100 Per Tola, Silver Follows Suit
The domestic market witnessed a notable decline in precious metal prices today, with fine gold dropping by Rs. 5,100 per tola to stand at Rs. 286,700. According to the Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA), Tejabi gold and silver prices also recorded downward corrections in tandem with the market trend.
2 months ago
Nepal Airlines Soars: Revenue Hits NPR 14.69 Billion in 10 Months as International Flights Stabilize
Nepal Airlines Corporation (NAC) recorded a significant 24.91% increase in revenue, reaching NPR 14.69 billion during the first ten months of the current fiscal year. This financial boost is driven by an increase in passenger numbers, smooth operational management, and highly lucrative international routes, with Tokyo's Narita sector leading the growth.
2 months ago
Nepal and India Launch Real-Time UPI-NPI Digital Remittance Gateway for Migrant Workers
Nepal and India have formally operationalized a cross-border digital remittance service linking Nepal’s National Payments Interface (NPI) with India’s Unified Payments Interface (UPI), allowing migrant workers to bypass traditional networks and transfer funds directly via mobile apps.
2 months ago
Gold Prices Plunge by Over Rs 10,000 per Tola in Massive Single-Day Drop
The Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA) reported an unprecedented single-day crash in the bullion market today, as fine gold plummeted by Rs 10,100 per tola, slipping well below the Rs 300,000 mark.
2 months ago
Flydubai Approved for Daily Direct Flights to Pokhara Starting September
The Civil Aviation Authority of Nepal (CAAN) has officially cleared Flydubai to launch daily direct flights between Dubai and Pokhara International Airport starting September 23, marking a monumental shift for the region's tourism and international transit network.
2 months ago
Mustang Customs Collects Massive Rs. 6.66 Billion in Revenue!
Driven by a surge in trade following the full activation of the Korala border point with China, the Mustang Customs Office has recorded a historic revenue collection of Rs. 6.66 billion as of late May.
2 months ago
Gold Hits New Heights with a Massive Rs. 2,000 Jump!
Precious metals saw an upward trend on Tuesday as the domestic market witnessed an Rs. 2,000 hike in the price of gold per tola, while silver prices nudged up by Rs. 20 per tola.
2 months ago
NRB Fixes Fresh Forex Rates for Monday; US Dollar Crosses Rs 152 Selling Mark
Nepal Rastra Bank (NRB) has unveiled today's foreign exchange rates, positioning the US Dollar selling rate at Rs 152.22.
2 months ago
Finance Ministry Finalizes Rs 109.65 Billion Intergovernmental Transfer for Seven Provinces
The Ministry of Finance has finalized a total budget transfer of Rs. 109.65 billion across four grant categories for all seven provinces for FY 2083/84.
2 months ago
Domestic gold prices witnessed a sharp decline of Rs 900 per tola on Monday.
The price of fine gold dropped by Rs 900 per tola, falling to Rs 299,900 from yesterday's Rs 300,800.
2 months ago
Social Security Fund Prioritizes Energy and Infrastructure Sectors to Diversify Massive NPR 111 Billion Deposit Base
The Social Security Fund (SSF), managing a massive deposit base of over NPR 111 billion, has announced a major shift toward financing national infrastructure projects, including hydropower, solar energy, and clinker production. Moving away from passive bank deposits to maximize economic growth, the fund has established strict risk-mitigation guidelines, such as capping power project investments to a minimum capacity of 20 megawatts and requiring a minimum of 30 percent equity.
2 months ago
Nepal Rastra Bank Announces Foreign Exchange Rates for Sunday
Nepal Rastra Bank has released the foreign currency exchange rates for Sunday, establishing the buying rate of the US Dollar at Rs 151.62 and the selling rate at Rs 152.22. Under the new reference sheet, the European Euro sits at a selling price of Rs 177.17, while the UK Pound Sterling is valued at Rs 205.06 for sales
2 months ago