- Tuesday, 21 April 2026
Laxman Kafle
FDI pledge declines by 28%
Nepal has recorded a notable decline in foreign direct investment (FDI) commitments during the first nine months of the current fiscal year 2025/26. According to the Depa
Banana prices triple in Kathmandu amid supply crunch, import restriction
Consumers across the Kathmandu Valley are facing an unexpected surge in banana prices, with rates tripling in recent days due to a mismatch between high demand and limited supply. At present, bananas are being sold at Rs. 250 to Rs. 300 per dozen in local markets—far above the usual price range of Rs. 100 to Rs. 150. Many consumers have expressed shock at the sudden increase. Bhoj Raj Banstola, a resident of Matidivi, said he recently paid Rs. 310 for a dozen of large bananas.
Second quarter's growth estimated at 4.05%
The National Statistics Office (NSO) has estimated 4.05 per cent growth in the gross domestic product (GDP) at the basic price in the second quarter of the current fiscal year 2025/26. According to the quarterly GDP estimation report released by the NSO on Monday, the seasonally unadjusted quarterly GDP at basic prices is estimated to have been 4.05 per cent in the second quarter of the current fiscal year compared to the corresponding period last fiscal year. The growth was primarily driven by increases in electricity production and distribution, deposit collection and credit flow, non-life insurance premium collection, livestock production, fruit and vegetable production, trade services, and tourism arrivals.
-original-thumb.jpg)
Petrol prices hit record high
Petrol prices in Nepal have reached an all-time high, with the latest revision by the state-owned Nepal Oil Corporation (NOC) pushing the cost to Rs. 202 per litre in the Kathmandu Valley. Diesel and kerosene have also been increased to Rs. 182 per litre.
-original-thumb.jpg)
Remittance surge supports strong external sector performance
Nepal’s external sector has shown remarkable strength in the first eight months of fiscal year 2025/26, fueled largely by a sharp rise in remittance inflows, alongside improvements in the current account, balance of payments, and foreign exchange reserves.
Govt to amend Procurement Act in 30 days
The newly formed government led by Prime Minister Balendra Shah has decided to amend the Public Procurement Act within next 30 days to improve the physical infrastructure construction sector.
Fuel price surge triggers economic woes in Nepal amid global energy crisis
Supply-side constraints on petroleum products caused by ongoing geopolitical tension involving Iran, Israel and the United States have created an energy crisis and pushed up prices, with their consequences being felt across global markets.
Potato price plummets amid rising imports
Farmers in Panchkhal Municipality of Kavrepalanchowk district are facing growing concerns as potato price continues to decline, leaving them unable to recover even basic production costs. Local farmers report tha
Foreign trade grows by 13.5% to Rs. 1,480 billion
Nepal's foreign trade witnessed significant growth during the first eight months of the current fiscal year. According to the trade statistics b
Nepali rupee hits record low amid strong U.S. dollar
The Nepali rupee has fallen to a historic low against the US dollar, reflecting sustained depreciation over recent months amid global economic and geopolitical pressures. According to the Nepal
Supply of cooking gas, petroleum normal: NOC
Nepal Oil Corporation (NOC) has clarified that there is no need for consumers to panic, as the supply of petroleum products, including cooking gas, remains normal to date. According to Manoj Ku
NRNA global conference ends with 12-point Kathmandu declaration
The 12th Global Conference and International General Assembly of the Non-Resident Nepali Association (NRNA) concluded here on Monday with a 12-point declaration. The declaration has e
Budget deficit tops Rs. 161B in 8 months
The government expenditure has outpaced income during the first eight months of the current fiscal year 2025/26, resulting in a deficit of Rs. 161.48 billion. According to the daily
Finance Ministry report on Gen Z Movement calls for governance, economic reforms
The Ministry of Finance has released a new study titled “Understanding the Gen Z Movement: Causes, Realities, and a Roadmap for a Capable Nepal.” The report analyses the
-original-thumb.jpg)
NOC to distribute half-filled gas cylinders from today
The Nepal Oil Corporation (NOC) has decided to supply only half-filled cooking gas cylinders to the market starting Friday in an effort to address the ongoing fright among consumers. According to NOC spoke
