Business & Economy

Nepal Govt’s arrears worth Rs 664 billion to be cleared Wednesday, July 15th, 2020

KATHMANDU:- Nepal Government's arrears have reached Rs 664.4 billion, according to the annual report of the Office of the Auditor General. The arrears remaining until last year was Rs 377.4 billion. The arrears added this fiscal is Rs 418.3 billion. This includes Rs 40.84 billion that was added..

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NEPSE index climbs 5.04 points

KATHMANDU:- The NEPSE index has risen by 5.04 points to close at 1,347.44 today. The sensitive index has increased by 1.95 per cent and reached 248.18. As per the Nepal Stock Exchange Limited (NEPSE), 2.568 million units of share of 186 companies were traded at Rs 994.545 million. Out of 12..

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Nepal Government receives commitment of 36 billion in FDI Sunday, July 12th, 2020

KATHMANDU:- Nepal Government has received the commitment of around 36 billion rupees in foreign direct investment (FDI) in the current fiscal year. According to the Ministry of Industry, the commitment of Rs 35.94 billion was received for 213 enterprises until July 5 for the fiscal year..

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NEPSE index suffers double-digit fall

KATHMANDU: The price of shares in the domestic stock market decreased by double digits today. According to the NEPSE Stock Exchange, the NEPSE index dropped by 10.13 points and reached 1326.53. Similarly, the sensitive index also dropped by 2.64 points to reach 279.95. Two million ninety-seven..

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Stocks worldwide slink back as virus dims recovery hopes

By STAN CHOE, NEW YORK (AP):- Most of Wall Street is slipping in midday trading on Tuesday, giving back a slice of the big gains made the past couple weeks. More than three quarters of the stocks in the S&P 500 were dropping, and the index was down 0.1%, as of 11 a.m. Eastern time. Stocks sank..

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NEPSE posts double-digit rise Monday, July 6th, 2020

KATHMANDU:- The Nepal Stock Exchange (NEPSE) witnessed a double-digit rise today. The index increased by 33.27 points to close at 1298.73 points. The sensitive index also reported a 6.3-point surge to reach at 275.88 points. According to the NEPSE, a total of 2 million 731 thousand 498 units of..

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MCC on hold: Minister Finance Minister Khatiwada Friday, July 3rd, 2020

KATHMANDU: Nepal Government has informed the donor country, the USA, that the Millennium Challenge Corporation (MCC Compact) was now on hold. With the expiry of the deadline to endorse the compact by the parliament two days back, the Finance Ministry wrote a missive to the US in this regard. The..

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Government to accept 300 million dollar Japanese grant to Nepal Thursday, July 2nd, 2020

KATHMANDU: Nepal Government will accept a grant of 300 million US dollars to be provided by the Government of Japan to the school sector development program of Nepal. The Cabinet meeting on June 29 took a decision in this regard, said Finance Minister and Minister for Communications and Information..

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G20, Heal Thyself Wednesday, July 15th, 2020

The G20 ministers of finance meet this week under the auspices of Saudi Arabia, which holds the group’s presidency this year. But it is hard to imagine the G20..

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