Page last updated at 2014-11-28 21:59:29 RSS
  BUSINESS & ECONOMY
Rupee Weakens, Gold Price Down
REPUBLICA
KATHMANDU, Nov 29: Nepali rupee lost 18 paisa against US dollar this week as the Indian currency, with which rupee is pegged, lost value against the greenback. On the other hand, gold price went down by Rs 425 per 10 grams this week due to drop in the price of yellow metal in the international market.

CURRENCY
Price Of Black Cardamom At Record High In Panchthar
GIRI RAJ BASKOTA
PANCHTHAR, Nov 29: Price of black cardamom has reached record high of Rs 100,000 per Man (40 kg) in Panchthar district.

“Black cardamom is getting good price in the district. Local farmers are getting as much as Rs 100,000 per Man for black cardamom of high quality," Deepak Nepal, senior vice-president of Cardamom Entrepreneurs Association of Nepal, told Republica.
Morang Co-ops Register Total Transactions Worth Rs 13b In Q1
REPUBLICA
BIRATNAGAR, Nov 29: Cooperatives in Morang district recorded total transactions worth Rs 13 billion in the first quarter of 2014/15.

According to the data of Division Cooperatives Office Morang (DCOM), cooperatives in the district registered total transactions worth Rs 13.14 billion in the first four months of the current fiscal year 2014/15.
SAARC Gives Due Recognition To SAARC CCI
RUDRA PANGENI
Highlights:

Officials of SAARC CCI gets oberver status at the 18th summit

SAARC CCI officials urged Modi to take initiative for increasing regional connectivity
Officials of SAARC CCI separately met with PMs of India, Bhutan and Nepal
SAARC CCI seeks its active role in SAARC economic agendas

KATHMANDU, Nov 29: SAARC Chamber of Commerce and Industry (CCI) has finally received recognition from the eight-member regional bloc.

A team of SAARC CCI led by its senior vice president Suraj Vaidya participated in the 18th SAARC Summit held in Kathmandu on November 26 and 27 as observe participants. SAARC CCI members from Pakistan, Bhutan, Bangladesh and India also participated in the summit.
Nepse Index Down 6.14 Points
REPUBLICA
KATHMANDU, Nov 29: Nepal Stock Exchange (Nepse) benchmark index went down 6.14 points this week to close at 863.14 points on Tuesday-the last trading day of the week.

Trading floors of Nepse remained open only for three days due to holiday for Saarc summit on Wednesday and Thursday. The market is in the continous downward trend for past few months as the investors are waried of the political disputes at the constitutent assembly (CA). Stock brokers say that the recent fall in the market was the reflection of the political stalemate stemming from the CA. “
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