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In anticipation of operating with dry notes this year, fresh notes won't be available on Dasain.
Nepal Rastra Bank will not introduce new notes for Dasain this year, instead distributing Sukila notes. Old Sukila notes will be replaced, not new ones.
"In Nepal, we led the EV market. We hope to take that position back."
Nepal's NADA Auto Show 2024 attracts electric vehicle producers, highlighting a 149% increase in imports, with 11,701 EVs worth Rs29.48 billion imported.
A religious celebration and its financial effects; krishna janmashtami.
the local economy benefits greatly from the Krishna Janmashtami event this year.
July saw a decline in imports and exports, with a trade deficit of 1 trillion and sixteen billions.
The Customs Department reported a decrease in import and export in July, while the trade deficit increased, indicating unsatisfactory foreign trade indicators in the first month of fiscal year.
The profit at Nepal Lube Oil climbed by 719 percent, with retained earnings exceeding paid-up capital by four times.
Nepal Lube Oil's net profit increased by 719.60 percent to 44.4 million rupees in Q4 2021, largely due to an increase in operating income.
The fact that big businesses' revenue dropped is evidence that the economy is still in turmoil.
Former Executive Director of Nepal Rastra Bank Nar Bahadur Thapa explains that the bank's profits have been negatively impacted by low loan demand, private sector investment, and businessman morale.
Even with a Rs 25 crore rebate, DDC was unable to cover the cost of the milk.
Agriculture and Livestock Development Minister Ram Nath Adhikar stated that farmers have not been paid the due amount of milk despite a concessional sum of Rs 25 crore.
Tourism and remittances power the economy. Other industries trail
Nepal's external sector appears stronger than ever, despite slowed economic growth, largely due to remittances, tourism, and the appreciation of the US dollar.
Nepal Oil Corporation has reduced gasoline and diesel and kerosene prices by 5 and 3 rupees per liter.
The corporation's board of directors has decided to reduce gasoline prices by 5 rupees per liter and diesel and kerosene prices by 3 rupees per liter.
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Calls for reining in the unnatural spike in sugar, rice, and pulse prices
The National Consumer Forum has asked the government to reduce the rate at which the costs of everyday consumer items are rising in order to facilitate the supply chain.
A tola of gold now costs Rs 1,500 more.
On this final trading day of the week, the price of gold on the domestic market has increased by Rs 1,500 per tola.
The cost of a tola of gold dropped by 2,300 rupees.
Gold price in Nepal fell by Rs 2,300 per tola on Tuesday, while printed gold remains at 147,700 rupees per tola, according to the Federation of Nepal Gold and Silver Traders.
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