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As students leave Nepal to study abroad, billions flow out

Kathmandu, April 12 -- Nepalis spent Rs93.89 billion in foreign currency on overseas education in the first eight months of the current fiscal year (mid-July to mid-March), up around 8 percent from th... Read More


Inside the Rs 3.73 billion fraud investigation shaking Nepal's business elite

Kathmandu, April 9 -- On a spring day in 2020, during the height of Nepal's Covid-19 lockdown, police stopped a vehicle bearing diplomatic number plates and found 67 thermal guns inside. The devices, ... Read More


Money laundering probe pulls Nepal's Shanker Group into spotlight

Kathmandu, April 5 -- A widening money laundering investigation following the arrest of controversial businessman Deepak Bhatta has drawn one of Nepal's oldest corporate houses, the Shanker Group, int... Read More


West Asia conflict puts Nepal's remittance inflows at risk, raises economic concerns

Nepal, March 31 -- Worsening conflict in West Asia is putting nearly half of Nepal's remittance inflows at risk, with prolonged tensions in Qatar, Saudi Arabia, Bahrain, Kuwait, the UAE and Oman expec... Read More


Government move to seize dormant accounts hits legal wall

Kathmandu, March 30 -- Following the new government's first Cabinet meeting held on Friday, which prioritised the mobilisation of idle financial resources through a 100-point agenda, the government's ... Read More


Economic reform tops agenda as new government sets ambitious growth targets

Kathmandu, March 29 -- Following a strong electoral mandate, Balendra Shah was sworn in as prime minister on Friday, with economist Swarnim Wagle appointed as finance minister in the majority governme... Read More


Development economist looks to strengthen Nepal's economic foundations

Kathmandu, March 28 -- Nepal's economy currently remains under strain, with weak revenue collection, sluggish capital expenditure and declining foreign grants but with strong foreign currency reserves... Read More


Evolving tensions in West Asia affect Nepali households

Kathmadnu, March 17 -- Ongoing tensions in West Asia have started to affect Nepali households, with rising fuel prices making essentials and services costlier. The Nepal Oil Corporation (NOC) increas... Read More


Conflict in West Asia jolts regional security, threatens Nepal's economy

Kathmandu, March 4 -- The ongoing war in the Persian Gulf has unsettled the overall security situation in the region. Its repercussions are expected to hit Nepal as well. Following attacks on Iran by... Read More


Share market faces lockdown as industry battles regulator over trading rules

Kathmandu, Feb. 11 -- A regulatory dispute over how to classify company shares has frozen Nepal's stock market expansion and threatens to lock up billions of rupees of promoter capital, revealing deep... Read More