Former Nepal Investors Forum Chairman and veteran investor Chhotelal Rauniyar has submitted 15 recommendations to SEBON, calling for lower capital gains tax, market modernization, easier investment access and stronger investor protection.
The National Federation of Nepal Transport Entrepreneurs has urged the government to provide customs duty exemptions on electric vehicle parts and introduce measures to promote environmentally friendly transportation.
Nepal is preparing to introduce a central bank digital currency (CBDC), with legal reforms, regulatory frameworks and controlled pilot testing being considered before the digital rupee is rolled out to the public.
Nepal Rastra Bank has introduced stricter regulatory provisions for hire purchase finance companies, including a minimum paid-up capital of Rs. 300 million, lending limits, interest rate controls and stronger corporate governance requirements.
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.
With the NEPSE index falling to around 2,650 and nearly 18% below its record high of 3,227, SEBON Chairman Dr. Gopal Bhatt has pledged stronger market reforms, investor protection, short selling and intraday trading mechanisms.
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.
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.
First Microfinance and Mahila Microfinance have signed a preliminary agreement to merge, paving the way for a stronger and more geographically diversified microfinance institution.
The Nepal Stock Exchange (NEPSE) declined by 9.02 points, or 0.34%, on Monday, extending its losing streak for a second consecutive session. Turnover stood at Rs. 3.67 billion, with over 10.96 million shares traded.
Upper Solu Hydro Electric Company Limited (USHEC) has reported an 84.41% year-on-year increase in net profit to Rs. 20.87 crore in Q4 FY 2082/83, supported by lower finance costs despite modest growth in electricity sales revenue.
Tehrathum Power Company Limited (TPC) has reported a 288.40% year-on-year jump in net profit to Rs. 8.93 crore in Q4 FY 2082/83, supported by higher electricity sales revenue and a sharp decline in finance costs.