Birgunj customs office collects Rs 75.59 billion in four months

BIRGUNJ:- The Birgunj Customs Office has collected Rs 22.9 billion from the imports of five different kinds of petroleum products in the first four months of the current fiscal year and Rs 10.1..

Bullion price: Gold price declines, silver climbs

KATHMANDU:- Due to fluctuations in the international market, gradual increase in prices, and changes in demand, the price of gold in the domestic market has decreased slightly today. According to..

Monetary policy cautiously flexible: NRB

KATHMANDU:- The central bank has continued a cautious flexibility of the monetary policy through its first quarterly review of the current fiscal year. Nepal Rastra Bank made public the first..

European Union-Nepal Joint Commission meeting concludes

KATHMANDU:- The 16th meeting of the European Union-Nepal Joint Commission concluded in Brussels, Belgium, on Friday. According to the Nepali Embassy in Brussels, issues related to development..

Land taken on lease by Nepal at Haldia, Kolkata ports become useless, state paying Rs 560,000 per month as rent

KOLKOTA:- The state has been spending Rs 560,000 per month from the national coffers in lack of utilization of the land that Nepal has taken on lease at Kolkata and Haldia ports here. Nepal has..

Bangladesh to import 20 MW more power from Nepal

KATHMANDU:- An agreement has been reached to export an additional 20 megawatts of electricity from Nepal to Bangladesh. Bangladesh, which is currently importing 40 megawatts electricity from Nepal..

Finance Minister sees need for simplification in tax system, policy coordination

RUPANDEHI:- Finance Minister Rameshwor Prasad Khanal has said that structural reform of the tax system, growth in capital expenditure and coordination among economic policies were needed for the..

Gold price up by 900

KATHMANDU:- The price of gold has increased by Rs 900 per tola (11.66) in the domestic market today. According to the Federation of Nepal Gold and Silver Dealers' Association, the price of..

MCA Nepal begins construction of New Butwal Substation, Transmission Line in Sunawal

NAWALPARASI:- The development of New Butwal Substation and 18-km Transmission Line was initiated today at Sunawal Municipality-13 amidst a function organized at the presence of Finance Minister..

Mustang sells potatoes worth Rs 628 million

KATHMANDU:- Mustang district produced potatoes worth Rs 628 million in the current fiscal year, according to the Agriculture Knowledge Center Office, Mustang. The Office shared that five..

Delayed budget release behind low development spending: Minister Ghising

KATHMANDU:- Minister for Energy, Water Resources and Irrigation, Kulman Ghising, has said the delayed budget release is one of the primary reasons for the low development spending in the first..

Social Security Fund collects Rs 95.44 billion from contributors

KATHMANDU:- Six years since its establishment, the Social Security Fund has collected a total of 95.44 billion from its contributors. According to the Fund, the amount was collected from its 2.64..

Challenges in importing goods from China as Kerung border obstructed for five months

KATHMANDU:- Nepali entrepreneurs have encountered significant challenges since the Kerung border has been shut for the last five months. On July 8, flooding in the Lamde Khola at the Nepal-China..

IBN approves investment for Betan Karnali Hydel Project

KATHMANDU:- The Investment Board Nepal (IBN) has approved investment for the Betan Karnali Semi-Reservoir Hydropower Project (439 MW) to be developed at an estimated cost of Rs. 93.40..

NEA to invest Rs 3 billion for cross border transmission lines

KATHMANDU:- The Nepal Electricity Authority (NEA) is investing Rs 3 billion for a joint venture to be established for the development of two cross-border transmission lines. The NEA and India’s..

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