Nepal’s trade dynamics in the initial nine months of fiscal year 2080/81 reveal alarming patterns, raising concerns about the nation’s economic outlook. The trade deficit, representing the variance between imports and exports, has expanded by approximately 2.75 percent during this period, indicating a growing disparity between import costs and export values, posing significant challenges to Nepal’s economic stability. Imports Imports in the first nine months of the fiscal year witnessed a noticeable decline of around 2.84 percent, totaling approximately Rs. 11.67 Kharba. In comparison, the corresponding period in the previous year saw imports amounting to goods worth Rs. 12.01 Kharba. […]
Business | Market | Economy
Nepali Banks’ Interest Rate Review: Baisakh 2081 Update
In the most recent financial update, twenty commercial banks have announced revisions to their interest rates for the month of Baisakh. Interestingly, a majority of…
Garima Bikas Bank Welcomes Nepali New Year 2081 with Exciting Cashback Scheme
As Nepal eagerly awaits the arrival of New Year 2081, Garima Bikas Bank Limited (GBBL) delights its customers with a special cashback scheme, promising enticing…
Celebrate New Year 2081 with FD Motors: Exclusive Offer on F5 A Pro Scooter
As the New Year 2081 dawns upon us, FD Motors extends warm wishes to all Nepalis, spreading joy, peace, and prosperity worldwide. To mark this…
RIDI Initiates Auction of Unclaimed Right Shares: Opportunity for Public Participation
Ridi Power Company Limited (RIDI) has initiated the auction of the unclaimed portion of its right shares starting from the 29th of Chaitra, 2080, with…
AHPC Successfully Allots 1:1 Right Shares: Unclaimed Shares to be Auctioned Soon
Arun Valley Hydropower Development Company Limited (AHPC) recently completed the allotment of its right shares at a 1:1 ratio on the 27th of Chaitra, 2080….
End of Lock-in Period: VLUCL Notifies Investors Regarding Mutual Fund Shares
Vision Lumbini Urja Company Limited (VLUCL) has informed its investors and stakeholders about the impending end of the lock-in period for 95,625 unit shares held…
Kumari Bank Limited Auctions Promoter Shares of Sagarmatha Lumbini Insurance Company Limited: Opportunity for Investors
Kumari Bank Limited (KBL) has initiated the auction of promoter shares of Sagarmatha Lumbini Insurance Company Limited (SALICO), commencing from today, 28th Chaitra, until 1st…
Nepal Prepares for Nepal Investment Summit 2024 to Boost Economy
The Government of Nepal is gearing up for the highly anticipated Nepal Investment Summit 2024, set to kick off on April 28 in Kathmandu. This…
Devastating Fire at Bharat Furniture: A Costly Setback for the Industry
A devastating fire broke out at Bharat Furniture, located in Matihani-8 of the district, causing extensive damage estimated at over Rs 3.5 million. Owned by…
Global IME Ltd. Debenture Delisting: Implications and Refund Process
In a significant development, 1,500,000 units of the “10.25% Global IME Ltd. Debenture 2080/81” have been removed from trading on the Nepal Stock Exchange (NEPSE)….
ADBL Introduces Digital Loan Facility on ADBL Smart Plus App to Enhance Financial Inclusion
The Agricultural Development Bank Limited (ADBL) has launched a novel loan facility via the ADBL Smart Plus App, responding to the increasing demand for digital…