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Nepal's Trusted News Source KATHMANDU: With just three months remaining in the current fiscal year, Nepal's government is yet again caught in a familiar bind — low revenue collection, underutilized expenditures, and an ambitious but underperforming budget. As Deputy Prime Minister and Finance Minister Bishnu Paudel pre
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Mustang Customs collects Rs 1.78b in revenue in 15 days
14+ hour, 45+ min ago (369+ words) Trucks at Mustang Customs Office at Lomanthang-4, Nhechung/RSS MUSTANG: The Mustang Customs Office at Lomanthang-4, Nhechung, along the Nepal-China border in northern Mustang, has collected Rs 1.78 billion in revenue over the past 15 days. The sharp increase in revenue follows…...
Foreign currency exchange rates fixed for today
15+ hour, 12+ min ago (413+ words) KATHMANDU: Nepal Rastra Bank has fixed the foreign currency exchange rates for today. According to the central bank, the buying rate for one US dollar has been fixed at Rs 152.59, while the selling rate is Rs 153.19. The buying rate for…...
Birgunj Customs sees 70 percent rise in daily imports after Bhotekoshi flood
3+ day, 6+ hour ago (464+ words) BIRGUNJ: Daily imports through the Birgunj Customs Office have increased by around 70 percent following the Bhotekoshi flood, which disrupted operations at the Rasuwa and Tatopani customs points. Krishna Prasad Mainali, Chief Customs Administrator at the Birgunj Customs Office, said some…...
Foreign currency exchange rates fixed for today « Khabarhub
6+ day, 14+ hour ago (490+ words) KATHMANDU: Nepal Rastra Bank has fixed the foreign currency exchange rates for today. According to the central bank, the buying rate of one US dollar has been set at Rs 150.88, while the selling rate is Rs 151.48. The buying rate of…...
Tatopani border closed after Rasuwa, traders turn to Korala for China imports « Khabarhub
1+ week, 5+ day ago (614+ words) KATHMANDU: Nepal’s northern trade routes with China have come under further pressure after China announced the closure of the Tatopani border point in Sindhupalchok, following the indefinite closure of the Rasuwa border point after last Wednesday’s Bhotekoshi flood. With both…...
Foreign trade rises 35.44 percent, deficit crosses Rs 148 billion
3+ week, 1+ day ago (366+ words) KATHMANDU: Nepal’s foreign trade increased significantly in the first month of the current fiscal year 2083/84, with total trade rising by 35.44 percent compared with the same period last year, according to preliminary data released by the Department of Customs. The data…...
Vegetables worth Rs 98.4 million exported via Kakarbhitta in one year
3+ week, 2+ day ago (158+ words) JHAPA: Nepal exported vegetables worth Rs 98.4 million to India, Bangladesh and the United States through the Kakarbhitta checkpoint during the fiscal year 2025/26. According to the Plant Quarantine Office in Kakarbhitta, a total of 6,519 metric tonnes of vegetables, including cabbage, beans…...
Government moves to cut electricity tariffs amid VAT backlash
3+ week, 4+ day ago (440+ words) KATHMANDU: While Finance Minister Dr Swarnim Wagle introduced VAT on electricity through the current fiscal year’s budget, Energy Minister Biraj Bhakta Shrestha has said preparations are underway to reduce electricity tariffs and provide relief to consumers. The introduction of VAT…...
Nepal’s commercial banks cut deposit rates amid excess liquidity
4+ week, 7+ hour ago (355+ words) KATHMANDU: Nepal’s commercial banks have announced their interest rates for Bhadra, with average deposit rates declining further from Shrawan as excess liquidity continues to persist in the banking system. The average maximum interest rate on individual deposits has dropped by…...
Foreign currency exchange rates fixed for Wednesday
1+ mon, 1+ day ago (507+ words) KAHTMANDU: Nepal Rastra Bank has fixed the foreign currency exchange rates for today (Wednesday). According to the central bank, the buying rate of one US dollar has been fixed at Rs 152.40 and the selling rate at Rs 153.00. The buying rate…...