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Outer Ring Road construction process halted

The government has stopped all the necessary works related to the construction of the 71.92-kilometre-long Outer Ring Road. ... ...

Secondary market witnesses slight gain

The relief to share investors after the pressure of paying interest on margin loans for last fiscal subsided resulted in Nepal Stock Exchange (Nepse) index...

Stronger dollar weighs on gold, silver prices

The price of precious metals fell week-on-week for the second consecutive week in the period between July 15 and 20 due to strengthening of the...

Govt to set up Rs 100bn infra development bank under Chinese investment

The government has approved the proposal to form an infrastructure development bank under Chinese investment.... ...

NA proposes change to Fast Track alignment

Due to the never-ending dispute regarding land compensation at Khokana and Bungamati, which are the starting points of the Fast Track road project, the Nepali...

Nepal’s growth to be higher than projected

The Asian Development Bank (ADB) has said that Nepal's economic growth in fiscal 2017-18 will supersede the earlier projection.... ...

No alternative to raising fuel price: NOC

While Nepal Oil Corporation (NOC) has not revised the price of petroleum products following protests after price hike, the state-owned fuel supplier has said it...

Tourist arrivals surge by 13pc in H1

The inflow of foreign tourists (via both air and land routes) in Nepal increased by 13 per cent in the first six months of 2018...

Banks seek clarity in INR borrowing

The provision introduced through the Monetary Policy 2018-19, which has allowed domestic banks to borrow in Indian currency from Indian banks to lend in the...

Study panel seeks additional time to develop CGT calculation mechanism

A study panel, formed by Ministry of Finance (MoF) to recommend a feasible solution to the dispute between tax administration and stock investors on calculation...

Daily limit for digital payments raised to Rs 50,000 from Rs 5,000

Nepal Rastra Bank has introduced a directive setting the daily limit for digital payments at Rs 50,000.... ...

Borrowing facility will augment loanable funds: Central bank

The borrowing facility for domestic banks from foreign financial institutions and the provision of hedging the borrowed amount will augment the loanable funds, according to...

4G subscribers reach over 1.6 million

Since fourth-generation (4G) mobile network was first launched in Nepal on January 1 last year, more than 1.6 million people have subscribed to the service,...

PM Oli seeks way out of West Seti conundrum

The 31st board meeting of Investment Board Nepal (IBN) led by Prime Minister KP Sharma Oli has directed the office of IBN, Ministry of Finance...

Google hit with record $5 billion EU antitrust fine

EU antitrust regulators hit Google with a record 4.34 billion euro ($5 billion) fine on Wednesday for using its Android mobile operating system to squeeze...