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Finance ministry announces austerity measures as government struggles to collect revenue
Published On: February 2, 2023 10:30 AM NPT By: Republica
KATHMANDU, Feb 2: The government has decided to cut down unnecessary expenses to maintain a fiscal balance that has become vulnerable due to the gap in government expenditure and income.
India pledges grant amount of Rs 8.8 billion to Nepal for FY 2023/24, an increase of 29.41 percent
Published On: February 2, 2023 10:15 AM NPT By: Republica
KATHMANDU, Feb 2: India has increased its pledged annual grant to Nepal by a notable 29.41 percent for India’s next fiscal year that will begin on April 1.
Nepal Insurance, IME General Insurance and Prudential Insurance fail to reach agreement for merger
Published On: February 1, 2023 09:20 PM NPT By: Republica
KATHMANDU, Feb 1: Nepal Insurance Authority (NIA) on Wednesday gave an ultimatum of next one week to Nepal Insurance, IME General Insurance and Prudential Insurance to conclude their merger plan.
The number of foreign tourist arrivals in Nepal encouraging during off season: NTB
Published On: February 1, 2023 08:52 PM NPT By: SANTOSH POKHAREL
POKHARA, Feb 1: Air accidents in Nepal have recently slowed down the tourism business during the off-season entering Nepal in this off-season as well.
Nepse inches up 4.97 points, while daily turnover amount dips to Rs 1.76 billion on Wednesday
Published On: February 1, 2023 05:49 PM NPT By: Republica
KATHMANDU, Feb 1: Nepal Stock Exchange (Nepse) on Wednesday increased nominally by 4.97 points to close at 2,116.65 points.
Bill on money laundering to be amended through fast track process
Published On: February 1, 2023 12:00 PM NPT By: Republica
KATHMANDU, Feb 1: It has been decided that the bill to amend some laws related to money laundering will be moved forward on a fast track basis.
Addressing multiple crises amid economic slowdown key priority for new IFC Regional Vice President for Asia and the Pacific
Published On: February 1, 2023 11:50 AM NPT By: Republica
KATHMANDU, Feb 1: International Finance Corporation (IFC) on Wednesday announced the appointment of Riccardo Puliti as its new Regional Vice President for Asia and the Pacific. Puliti will oversee IFC’s regional efforts in spurring private sector growth and identifying impactful collaborations for a green, resilient, and inclusive recovery, in response to multiple crises and a deteriorating global economic outlook.
Gold price increases by Rs 500 per tola
Published On: February 1, 2023 11:30 AM NPT By: Republica
KATHMANDU, Feb 1: The price of gold has increased by Rs 500 per tola in the domestic market today.
NRB flexible on transaction via electronic wallet, while being stern on fee of interbank ATMs uses
Published On: February 1, 2023 06:15 AM NPT By: Republica
KATHMANDU, Feb 1: Nepal Rastra Bank (NRB) has reduced the transaction fee for ATM users who use the card to carry out the interbank service.
SIC and LGIC ink agreement to finalize merger deal
Published On: January 31, 2023 09:55 PM NPT By: Republica
KATHMANDU, Jan 31: Sagarmatha Insurance Company (SIC) and Lumbini General Insurance Company (LGIC) on Tuesday signed a final agreement to merge.
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