RAJESH KHANAL

Despite sluggish credit expansion, BFIs posted a combined net profit of Rs 9.37 billion during mid-July to mid-August of the current fiscal year, down from Rs 10.16 billion in the same period a year earlier.

The records with the Federation of Nepal Gold and Silver Dealers Association (FENEGOSIDA) show that the price of one tola of gold was set at Rs 157,300 a tola in mid-September last year. The price reached a historic high at Rs 217,100 per tola last Tuesday.

Ghising, a former Managing Director of the NEA, who was once dismissed after a dispute with the government over the recovery of the dues from the industries, has now assumed leadership of the Ministry of Energy, Water Resources, and Irrigation in the new government formed in the aftermath of the Gen...

Curbing corruption, reconstruction and collaborative works with the private sector will be among the priorities of the government, Khanal added.  

With losses mounting, both insurers and bankers warn the economic fallout from the Gen Z protests could rival some of Nepal’s worst crises in recent memory.

Eight foreign trip decisions among 24 cabinet decisions expose govt’s failure to implement austerity pledge. 

Over the period, the NEPSE index surged to over 3,000 points from 2,622.28 points, while the daily turnover also rose to an average of Rs 18 billion from mere Rs 5-6 billion.

The government has been relying on borrowing to bridge the gap between income and expenditure. In the last fiscal year, total revenue and foreign grants amounted to Rs 1.197 trillion, while government expenditure soared to Rs 1.523 trillion.

Nepal Rastra Bank (NRB) has come under fire for its weak role in supervision and monitoring of the banks and financial institutions (BFIs) following the case of crisis-ridden Karnali Development Bank Limited (KDBL).

Rampant expenses at the end of FY costs high to sustainable economic growth and quality construction: Economists