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Govt to blacklist 11 cooperatives unable to pay back depositors’ money
Published On: November 8, 2022 07:15 PM NPT By: Republica
KATHMANDU, Nov 8: The government has decided to blacklist 11 financially troubled cooperatives which have been unable to pay back the money of their member depositors.
Govt-private sector cooperation stressed for biogas promotion
Published On: November 8, 2022 05:45 PM NPT By: Republica
KATHMANDU, Nov 8: The promotion of biogas in the country is not encouraging due to the lack of friendly policies and working procedures. Though the private sector has the leading role in the promotion of the biogas technology in the country, it faces hurdles to deliver expected results in absence of revisions in the grant policies compatible with the time and absence of private sector–friendly policies and working procedures, stakeholders claimed.
Nepse falls marginally by 2.57 points, daily turnover just above Rs 1 billion
Published On: November 8, 2022 05:15 PM NPT By: Republica
KATHMANDU, Nov 8: Nepal Stock Exchange (Nepse) on Tuesday declined slightly by 2.57 points to close at 1,956.36 points.
State-owned Udayapur Cement Factory in deep financial crisis
Published On: November 8, 2022 01:50 PM NPT By: Dilip Paudel
KATHMANDU, Nov 8: The cement factories run by the private sector in Nepal are profitable. They have even started exporting cement to foreign markets. However, the state-owned Udayapur Cement Factory is sinking deeper and deeper into crisis day by day.
Insurance Board changed into Nepal Insurance Authority from today
Published On: November 8, 2022 12:30 PM NPT By: Republica
KATHMANDU, Nov 8: The Insurance Board, the regulator of the insurance sector, has been changed into an Nepal Insurance Authority from today.
Gold Price decreased by Rs 300 per tola
Published On: November 8, 2022 12:11 PM NPT By: Republica
KATHMANDU, Nov 8: The price of gold has decreased in the domestic market. According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of gold has decreased by Rs 300 per tola on Tuesday.
‘Foreign investment is safe in Nepal’
Published On: November 8, 2022 11:30 AM NPT By: Republica
KATHMANDU, Nov 8: Chandra Prasad Dhakal, the Acting President of the Federation of Nepalese Chamber of Commerce and Industry, has requested prospective investors to invest in Nepal as there are good returns on foreign investment in Nepal.
Nepal Reinsurance Company earned net profit of over Rs 5 billion in 7 yrs of its establishment
Published On: November 7, 2022 08:10 PM NPT By: Republica
KATHMANDU, Nov 7: Nepal Reinsurance Company (NRC) earned net profit of Rs 5.08 billion in total in the past seven years of its establishment.
ADB to inject over Rs 10 billion in walnut and fruits farming in Nepal
Published On: November 7, 2022 07:35 PM NPT By: Republica
KATHMANDU, Nov 7: The Asian Development Bank (ADB) is investing over Rs 10 billion for cultivation of walnut and fruits in the hilly region of Nepal.
Banks collected Rs 21 billion in deposits, lent just Rs 1 billion in past one week
Published On: November 7, 2022 07:01 PM NPT By: Republica
KATHMANDU, Nov 7: Deposit collection by the commercial banks in the country increased by Rs 21 billion last week, while the lending amount declined by Rs 1 billion during the period.
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