Articles & Updates
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 […]
Read More
“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.
Read More
“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. […]
Read More
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 […]
Read More
“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 […]
Read More
“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. […]
Read More
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 […]
Read More
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 […]
Read More
Surge in Electric Vehicle Imports Impacts Government Revenue in Jestha
The import of electric vehicles in the month of Jestha saw a significant rise, with 3,800 units being imported. This increase in import numbers was observed as businesses are increasingly turning to electric vehicles due to challenges in importing petroleum vehicles. The customs department provided statistics indicating that the import consisted of electric cars, […]
Read More
Iwa Khola Hydropower Project Faces Disruption in Commercial Electricity Production Due to Flood Damage
The Iwa Khola Hydropower Project, with a capacity of 9.9 MW and operated by Ridi Power Company Limited (RIDI), is currently facing disruptions in its commercial electricity production. The interruption is a result of damages caused by recent floods in the area. RIDI released a press statement informing that both units of the Iwa Khola […]
Read More