Category: Articles & Updates

  • Nepal Rastra Bank Issues Rs. 20 Arba Reverse Repo for the Fourth Time

    Nepal Rastra Bank Issues Rs. 20 Arba Reverse Repo for the Fourth Time


     

    Nepal Rastra Bank (NRB) has responded to the accumulation of excess liquidity in the banking system by issuing another reverse repo. After previously issuing reverse repos on two separate occasions, NRB has now introduced Rs. 20 Arba on Tuesday. The reverse repo is a monetary tool utilized to absorb surplus liquidity and bring stability to the system. Considering there is approximately Rs. 40 Arba of excess liquidity in the system, this marks the fourth reverse repo issued by NRB during the current financial year.

     

  • “126 MW Power Added to Dordi Corridor: Enhancing Electricity Transmission”

    “126 MW Power Added to Dordi Corridor: Enhancing Electricity Transmission”


     

    The 132 KV Dordi Corridor Double Circuit Transmission Line Project has successfully connected 126.84 MW of electricity. This transmission line was built to transfer power from the Dordi River and its tributaries in Lamjung efficiently. Previously, the power infrastructure in the region was not fully utilized due to a lack of electricity. However, since the activation of the transmission line last Bhadra, electricity generated from four completed projects in the Dordi River (118.1 MW) and the Chepe River (8.83 MW) has been successfully linked to the grid.

     

  • ADB Approves $50M Loan to Boost Nepal’s Trade

    ADB Approves $50M Loan to Boost Nepal’s Trade


     

    The Asian Development Bank (ADB) has approved a $50 million USD loan to help Nepal boost its domestic and international trade. Trade and industry currently make up 14.1% of Nepal’s GDP. The Nepalese government aims to increase the trade sector’s contribution by improving trade and export promotion, enhancing customs and logistics systems, and strengthening the supply chain for primary products. This includes focusing on efficient transport, transit arrangements, and border procedures.

     

  • Gold Drops by Rs. 600 Per Tola, Trades at Rs. 110,000; Silver Stable at Rs. 1,375

    Gold Drops by Rs. 600 Per Tola, Trades at Rs. 110,000; Silver Stable at Rs. 1,375


     

    In the domestic market today, the price of fine gold has decreased by Rs. 600 per tola. The current trading rate for fine gold, according to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, is Rs. 110,000 per tola, compared to yesterday’s rate of Rs. 110,600 per tola. Similarly, the price of tejabi gold has fallen by Rs. 550, with today’s trading rate at Rs. 109,500 per tola, compared to yesterday’s rate of Rs. 110,000 per tola.

     

  • Pokhara Metropolis Offers 70% Grant in Agro Sector.

    Pokhara Metropolis Offers 70% Grant in Agro Sector.


    Pokhara Metropolitan City has announced plans to offer a 70 percent grant in the agriculture sector based on production. The Deputy Mayor, Manju Devi Gurung, revealed this during the presentation of the budget for the upcoming fiscal year 2080/81. The city aims to prioritize investment by providing a minimum of 70 percent grant to classified land based on production. This initiative will also involve distributing agriculture production materials and equipment to support farmers in their agricultural endeavors.

     

  • “Sanima Reliance Life Insurance Offers 100% Waiver on Delayed Charges Till Asar 28”

    “Sanima Reliance Life Insurance Offers 100% Waiver on Delayed Charges Till Asar 28”


     

    Sanima Reliance Life Insurance has introduced a renewal scheme aimed at waiving off 100% of delayed charges for its current policyholders. The scheme will be available from Asar 11 to 28, 2080. The company has encouraged its customers to take advantage of this opportunity, according to a media statement.

  • “CorporatePay Surpasses NRs 50 Billion Transaction Milestone in Jestha 2080”

    “CorporatePay Surpasses NRs 50 Billion Transaction Milestone in Jestha 2080”


     

    In the month of Jestha, 2080, the monthly transactions through CORPORATEPAY exceeded NRs. 50 Billion, marking the highest amount for a single month since its launch in Magh 2077. The total transaction value for the current fiscal year has surpassed NRs. 421 Billion, a significant increase from the previous fiscal year’s NRs. 190.5 Billion. The growing usage and acceptance of CORPORATEPAY as the primary B2B payment channel by businesses and institutions have played a crucial role in doubling the transaction volume.

     

  • Nepal and India Sign 5-Year Pact for 200 MW Power Supply

    Nepal and India Sign 5-Year Pact for 200 MW Power Supply


    India and Nepal have made a significant agreement for India to purchase 200 megawatts (MW) of electricity from Nepal during the rainy season. The deal will last for five years and is seen as an important step in their long-term electricity trade. Unlike the previous method of selling electricity through a competitive market, this new agreement will provide a steady and reliable supply of power to India.

     

  • “Auction of Promoter Shares of Jyoti Bikash Bank and Prabhu Bank Begins Today”

    “Auction of Promoter Shares of Jyoti Bikash Bank and Prabhu Bank Begins Today”


     

    Jyoti Bikash Bank Limited (JBBL) is offering 168,496 units of promoter shares for sale through a public auction. The auction is open to individual investors, companies, and institutions, and will take place from the 10th to the 17th of Ashad, 2080. The minimum bid rate is set at Rs. 126, and the minimum bid quantity for the promoter shares is 1,000 units. While bidders can bid for the entire issue, they must adhere to the Nepal Rastra Bank’s regulation, which specifies a maximum quantity of shares per entity that should not be exceeded.

     

  • “Gold Plummets Rs. 700 to Rs. 109,800 per Tola; Silver Slips Rs. 25”

    “Gold Plummets Rs. 700 to Rs. 109,800 per Tola; Silver Slips Rs. 25”


    Today, the price of fine gold in the domestic market has dropped by Rs. 700 per tola, while the price of tejabi gold has fallen by Rs. 650 compared to yesterday’s rates. According to the official website of the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is currently being traded at Rs. 109,800 per tola, whereas yesterday it was priced at Rs. 110,500 per tola. Similarly, tejabi gold is being traded at Rs. 109,300 today, whereas it was priced at Rs. 109,950 per tola yesterday.

  • Nepal’s Trade Deficit Reaches Rs 1337 Billion in 11 Months

    Nepal’s Trade Deficit Reaches Rs 1337 Billion in 11 Months


     

    In the 11 months of the fiscal year 2080/081 BS, Nepal’s trade deficit has reached Rs 1337.39 billion. According to the data released by the Department of Customs, imports amounted to approximately Rs 1481 billion, while exports stood at Rs 143.58 billion until the end of the month Jestha. However, it is important to note that the volume of foreign trade in the country has decreased in the current fiscal year compared to the previous fiscal year.

     

  • Sana Kisan Bikas Laghubitta and RMDC Laghubitta Joint Transaction Begins on Ashad 24

    Sana Kisan Bikas Laghubitta and RMDC Laghubitta Joint Transaction Begins on Ashad 24


    Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) and RMDC Laghubitta Bittiya Sanstha Limited (RMDC), both licensed financial institutions in Nepal, have successfully completed their merger process. The merger was approved through a special resolution passed separately by the Annual General Meetings (AGMs) of both companies. The swap ratio of 1:0.87 was endorsed, meaning that shareholders who previously owned 100 shares of RMDC Microfinance would now receive 87 shares of the merged entity. Furthermore, the merger has obtained final permission from regulatory bodies including the Nepal Rastra Bank (NRB), Securities Board of Nepal (SEBON), and the Office of the Registrar of Companies, as per the official letter received.