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Nepal’s current account and BoP in surplus, forex reserves enough to sustain imports for one year

Published On: October 17, 2023 09:00 PM NPT By: Republica

KATHMANDU, Oct 17: The first two months of the current fiscal year have shown surpluses in both the current account and the Balance of Payments (BoP). The country's foreign exchange reserves are now enough to sustain imports of goods and services for a year.

Female Economic Journalist Association (FEJA) comes online

Published On: October 17, 2023 08:08 PM NPT By: Republica

KATHMANDU, Oct 17: Stakeholders say that the contribution of Nepali women should be linked with the economic aspects in order to enhance their contribution in the economic development of the country.

NEA completes construction of second largest Inrauwa Substation

Published On: October 17, 2023 07:00 PM NPT By: Republica

KATHMANDU, Oct 17: In order to strengthen the electricity transmission and distribution system within the country, the construction of 400 kV Inaruwa Substation has been completed in Bhokraha Narsingh Rural Municipality-4 of Sunsari. The construction of the second largest 400 kV substation of Nepal, based on the Gas Insulated System (GIS), was completed and operated (charged) on Monday.

Consumer inflation rate reaches 8.19 percent

Published On: October 17, 2023 06:30 PM NPT By: Republica

KATHMANDU, Oct 17: Nepal Rastra Bank (NRB) has published the current economic and financial situation of the country based on the data of the first two months of the current fiscal year 2023/24.

Educational expenses for abroad study double

Published On: October 17, 2023 06:00 PM NPT By: Republica

KATHMANDU, Oct 17: The money sent abroad from Nepal for educational purposes has doubled.

In first two month of FY 2023/24, Nepal received Rs 228 billion in remittances

Published On: October 17, 2023 04:30 PM NPT By: Republica

KATHMANDU, Oct 17: In the first two months of the current fiscal year (FY) 2023/24, Nepal has received Rs 228 billion in remittances.

Banks reduce deposit interest rates amid liquidity surge

Published On: October 17, 2023 04:00 PM NPT By: Republica

KATHMANDU, Oct 17: A majority of the banks have reduced the deposit interest rates effective from October 18. Now, due to increased liquidity in the market, banks have reduced interest rates on deposits.

Nepal-India agree on reducing height of Saptakoshi Dam by around 31 meters

Published On: October 17, 2023 01:30 PM NPT By: Republica

KATHMANDU, Oct 17: It has been agreed to reduce the height of Saptakoshi High Dam Multipurpose Project and Sunkoshi Storage Low Diversion Project.

Gold price decreases by Rs 400 per tola

Published On: October 17, 2023 11:16 AM NPT By: Republica

KATHMANDU, Oct 17: The price of gold has decreased by Rs 400 per tola in the domestic market today.

Hams Hospital becomes the first healthcare facility to launch IPO

Published On: October 17, 2023 10:05 AM NPT By: Republica

KATHMANDU, Oct 17: Hams Hospital, a healthcare institution, has made an announcement to open Initial Public Offering (IPO). After transitioning into a public limited company, the hospital's inaugural Annual General Meeting (AGM) has authorized the issuance of 1,125,000 shares to the public.

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