Economy News

Banks slash short-term lending rates thumbnail

Banks slash short-term lending rates

Commercial banks have announced a cut in short-term lending rates by half to 2 percentage points in a bid to stimulate ...
Gold hits new high of Rs 54,700 per tola thumbnail

Gold hits new high of Rs 54,700 per tola

Gold price jumped Rs 1,000 per tola (11.664 grams) and hit a new high of Rs 54,700 in the domestic market ...
Implementation of peace deal to cost Rs 10b thumbnail

Implementation of peace deal to cost Rs 10b

If preliminary estimate of the government is anything to go by, Tuesday´s peace deal on integration, rehabilitation and voluntary exit of ...
Gold down by Rs 1,850 per tola thumbnail

Gold down by Rs 1,850 per tola

Price of gold, which was on record-setting spree over the past few months, dropped by Rs 1,850 per tola (11.664 grams) ...
Strong dollar may fuel inflation thumbnail

Strong dollar may fuel inflation

Nepalis may have to face price rise in goods imported by paying US dollars before the Dashain festival due to the ...
IRD slaps Rs 3.2b tax bill on 294 firms thumbnail

IRD slaps Rs 3.2b tax bill on 294 firms

The Inland Revenue Department (IRD) has slapped 294 firms that have been found involved in fake VAT bills racketeering with tax ...
Big names stand low on tax compliance thumbnail

Big names stand low on tax compliance

If Kathmandu Metropolitan City (KMC) has its way, it will lock up Blue Bird Departmental Store at Thapathali any moment now. ...
PFL depositors furious over irresponsible management thumbnail

PFL depositors furious over irresponsible management

By: SAMIKSHA KOIRALA, Republica Narayan KC, a heart patient and retired government official from Kupandole, was a happy man till Monday. People´s ...
Rs 270 million withdrawn on single day from problematic Gorkha Development Bank thumbnail

Rs 270 million withdrawn on single day from problematic Gorkha Development Bank

Nepal Rastra Bank (NRB) has declared Gorkha Development Bank (GDB) as ´troubled´ and decided to initiate corrective actions to revive its ...
NRB to ease home loans thumbnail

NRB to ease home loans

Nepal Rastra Bank on Tuesday announced that it will soon relax its policy on realty loans, separating home loans from real ...

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