KATHMANDU, May 19: Nepal Stock Exchange (NEPSE) on Sunday increased by a whopping 45.69 points in a positive response expressed by investors to the revised monetary policy.

Gold, silver prices hit record high

Published On: May 19, 2024 12:46 PM NPT By: Republica

KATHMANDU, May 19: The price of gold has climbed in the domestic market. According to the Federation of Nepal Gold and Silver Dealers' Associations, the price of fine gold has increased by Rs 1,600 per tola (11.66 grams) and reached Rs 140,900. Fine gold was traded at Rs 139,300 on Friday.

KATHMANDU, May 19: The Independent Power Producers' Association (IPPAN) has established policy research and land acquisition and construction funds.

KATHMANDU, May 19: Nepal Rastra Bank (NRB) has turned flexible over the mandatory capital adequacy funds that the banks and financial institutions (BFIs) have to maintain while issuing credits to their clients.

KATHMANDU, May 18: Nepal received foreign investment commitments amounting to over Rs 53 billion  in the first 10 months (mid-July to mid-April) of the current fiscal year 2023/24.

TANAHUN, May 18: The government has extended the deadline for expanding the eastern section of the Pokhara-Muglin road along the Prithvi Highway by five months. A Chinese construction company, China Communications Construction, has been undertaking the expansion work.

Nepal’s outbound spending surpasses inbound revenue

Published On: May 18, 2024 07:40 PM NPT By: Republica

KATHMANDU, May 18: The expenditure incurred by Nepalis traveling abroad is almost two and a half times more than the amount brought in by foreign tourists.

KATHMANDU, May 18: Nepal Stock Exchange (NEPSE) added 52.53 points last week in the aftermath of the government permitting the authorities to reduce commission of stock brokerage companies.

BIRGUNJ, May 18: The Dry Port Customs Office in Birgunj has collected Rs 40.3 billion in revenue in the first 10 months of the current Fiscal Year (FY). This marks the achievement of 60.72 percent of the target revenue despite a slowdown in the market due to an economic recession.

KATHMANDU, May 18: Minister of Energy, Water Resources, and Irrigation Shakti Bahadur Basnet has said that it is necessary to increase the use of electric vehicles in Nepal to save the environment and reduce costs.