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ECONOMY

Government moves to hold project officials accountable via p...

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The Public Procurement Monitoring Office has prepared a preliminary draft of the amendment bill on April 8. In line with Section 6(2) of the Legislation Act, 2021, which requires draft bills to be made public for feedback, the office has sought public opinions and suggestions until April 14.
13 hours ago
ECONOMY

SC issues directive order to government to establish coopera...

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However, the justices clarified, “cooperatives cannot be made functional like the banks.”
14 hours ago
ECONOMY

Govt moves to amend Public Procurement Act 2007, draft open...

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In line with Section 6(2) of the Legislation Act 2021, which requires draft bills to be made public for feedback, the Office published the initial draft of the “Public Procurement (Amendment) Bill” on April 8. Public opinions and suggestions are being collected until April 14.
23 hours ago
ECONOMY

Tourism entrepreneurs hopeful two-day weekend will promote d...

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he government’s decision to grant a two-day public holiday during the weekend effective from April 1 is expected to promote domestic tourism. Previously, a similar two-day weekend provision introduced by the government for a short period had led to some positive improvements, tourism entr...
1 day ago
ECONOMY

TIA handles over 2,500 flights in March; 182,000 passengers...

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Data show that 374,788 passengers traveled through the airport in March. Among them, 182,103 passengers arrived in Nepal and 192,685 departed for international destinations.
1 day ago
ECONOMY

Will Nepal’s economy hit Rs 150 trillion mark?

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The current size of the economy stands at about 61.07 trillion rupees, around 46 billion dollars. That means the target requires almost doubling the economy in five years. Finance Minister Swarnim Wagle, an economist, now holds the responsibility. Whether the goal becomes reality will depend on gove...
1 day ago
ECONOMY

Forex update: USD selling at Rs148.67

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The Nepal Rastra Bank (NRB) has fixed the foreign exchange rates for today, with the Nepali rupee slightly weakening against major currencies, including the US dollar, euro, and pound sterling.
1 day ago
ECONOMY

Foreign currency worth Rs 97.10 billion spent for abroad stu...

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Students for foreign study took away foreign exchange worth Rs 97.10 billion in eight months of the current fiscal year (FY).
1 day ago
ECONOMY

Govt sets wheat support price at Rs 3,945 and spring paddy a...

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The government has set the minimum support price for wheat and spring paddy (Chaite Dhan), increasing the prices by Rs 77.62 per quintal and Rs 55.08 per quintal, respectively, for the current year.
1 day ago
ECONOMY

Gold price rises by Rs 2,900; silver up by Rs 130 per tola i...

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The price of gold in the domestic market increased by Rs 2,900 per tola (11.6638 grams) over the past week amid ongoing tensions in the Middle East and a ceasefire announcement by the United States in its conflict with Iran.
2 days ago