Market
US Dollar selling at Rs 139.69, euro at Rs 150.66
US Dollar selling at Rs 139.69, euro at Rs 150.66
The Nepal Rastra Bank has set the foreign exchange rates for today. According to the central bank, the buying rate for one US dollar is Rs 139.09, while the selling rate is Rs 139.69.
Mar 07, 2025
Editorial
Revitalizing Nepal’s Industrial Sector
Revitalizing Nepal’s Industrial Sector
Nepal’s industrial sector is in decline, and this should be a cause for serious concern. The contribution of Nepal’s industrial sector to the Gross Domestic Product (GDP) declined from 6.20% in FY 2014/15 to 4.87% in FY 2023/24. The promotion of industrialization is important for the cou...
Mar 07, 2025
OPINION
Private Equity Model: Building Wealth or Breaking Rights?
Private Equity Model: Building Wealth or Breaking Rights?
Private equity firms often implement cost-cutting measures to repay debt and maximize returns.
A leveraged buyout (LBO) occurs when a buyer purchases a business primarily using borrowed money, aiming to repay the debt with the company’s future profits. For instance, someone buys a $1 mi...
Mar 07, 2025
SOCIETY
China and UNDP mark closure of school and community support project in Madhesh
China and UNDP mark closure of school and community support...
The Embassy of China in Nepal and the United Nations Development Programme (UNDP) marked the formal closure of the ‘Support to Schools and Communities in Remote Areas for Pandemic Prevention and Green Recovery’ (SSPP-GR) Project in Madhes Province, which has enhanced disaster preparednes...
Mar 07, 2025
POLITICS
HoR session: lawmakers demand issuance of white paper on foreign aid
HoR session: lawmakers demand issuance of white paper on for...
In a session of the House of Representatives (HoR) on Thursday, lawmakers demanded the government issue a white paper for the monetary aid it received from the US.
Mar 07, 2025
POLITICS
Govt seeks yet another clarification from Kulman Ghising
Govt seeks yet another clarification from Kulman Ghising
The Council of Ministers has sought another round of clarification from the managing director of Nepal Electricity Authority (NEA), Kulman Ghising, a household name in Nepal for his role in bringing an end to loadshedding in the country.
Mar 07, 2025
SOCIETY, POLITICS
KMC Mayor Balen rejects ministry’s request
KMC Mayor Balen rejects ministry’s request
In the letter, Mayor Shah has taken a stance of not allowing Chief Administrative Officer Guragain to attend.
Mar 06, 2025
POLITICS
Both houses of federal parliament approve all five ordinances
Both houses of federal parliament approve all five ordinance...
The House of Representatives approved all those ordinances by a majority on Wednesday.
Mar 06, 2025
SOCIETY
Kathmandu-bound Buddha Air plane's wheel falls off in Janakpur, lands safely
Kathmandu-bound Buddha Air plane's wheel falls off in Janakp...
According to the Civil Aviation Authority of Nepal (CAAN), they found that the wheel of the aircraft with call sign 9N-ANH had fallen off only after the plane had safely landed at the Tribhuvan International Airport (TIA).
Mar 06, 2025
ECONOMY
GDP contribution of industrial sector declines from 6.20% to 4.87% in a decade
GDP contribution of industrial sector declines from 6.20% to...
“Recently, the government has amended laws and regulations through an ordinance to create an industrial environment,” he said, “It is expected that improvements will continue.”
Mar 06, 2025