Tag: Mai

  • Sanima Mai Hydropower Reports an 11.36% Drop in Net Profit

    Sanima Mai Hydropower Reports an 11.36% Drop in Net Profit


    Sanima Mai Hydropower Company Limited (SHPC) reported an 11.36% decrease in net profit in the second quarter (Q2) of fiscal year 2079/80. Profit declined to Rs. 32.92 crores in this quarter from Rs. 37.14 crores in the previous year’s equivalent quarter.

    Revenue from the sale of electricity has declined by 12.4% when compared to the same quarter last year. The lower revenue is attributable to the expiration of the Posted Rate Facility Agreement for the Mai Hydropower Project (15.6 MW), as well as poor hydrological conditions throughout the quarter. As a result, the net profit for the fiscal year 2079/080’s second quarter ended 11.36% lower than the previous year’s quarter ended. In addition, the business spent over Rs. 2.34 Arba in associates, which climbed by 91.06% in this quarter.

  • Gold falls Rs. 1,400 from its all-time high, trading at Rs. 106,100 per tola today.

    Gold falls Rs. 1,400 from its all-time high, trading at Rs. 106,100 per tola today.


    Today’s gold price has dropped by Rs. 1,400 per tola.

    According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 106,100 per tola. Yesterday, the rate remained unchanged at Rs. 107,500 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 105,600. In contrast, the rate was kept at Rs. 107,000 per tola yesterday.

  • Gold sets a new all-time high; gains Rs 1200 per tola in a single day to trade at Rs 107,500.

    Gold sets a new all-time high; gains Rs 1200 per tola in a single day to trade at Rs 107,500.


    In the Nepalese market, the price of gold has reached an all-time high. The gain for today is the result of a Rs. 1200 single-day gain from yesterday’s price.

    According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 107,500 per tola. Yesterday, the rate remained unchanged at Rs. 106,300 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 107,000. In contrast, the rate was kept at Rs. 105,800 per tola yesterday.

     

  • Gold Near All-Time High; Gains Rs 500 Per Tola Today to Trade at Rs 106,300, Silver Follows Suit

    Gold Near All-Time High; Gains Rs 500 Per Tola Today to Trade at Rs 106,300, Silver Follows Suit


     

    The price of gold has surged by Rs. 500 in the domestic market today.

    According to the official website of the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is being traded today at Rs. 106,300 per tola. Yesterday, the rate was maintained at Rs. 105,800 per tola. Meanwhile, Tejabi gold is being traded at Rs. 105,800 today. In contrast, the rate was maintained yesterday at Rs. 105,300 per tola.

     

  • The Finance Ministry is developing an action plan for policy priorities and minimum programs.

    The Finance Ministry is developing an action plan for policy priorities and minimum programs.


    The Ministry of Finance has created an action plan to carry out the policy priorities and minimum programs.

    The action plan, according to the Ministry, includes policies and programs, milestones, resources, time constraints, monitoring and evaluation indicators, and so on.

    The action plan discusses promoting revenue collection effectiveness, further systematizing the revenue system, and maintaining professional neutrality while changing the revenue rate and controlling