Ghimire is associated with Republica, English National Daily, since November 2013. He reports and writes on banking, financial, cooperatives, labor, foreign employment and Mount Everest expedition issues. Twitter:@sagarghi firstname.lastname@example.org
KATHMANDU, March 27: Nepal Stock Exchange (Nepse), the only stock market of the country, crashed on Monday as the benchmark index plunged 51.89 points, or 4.25 percent, on a single day to close at 1,168.55 points.
KATHMANDU, March 21: Trade and Export Promotion Center (TEPC) has said that Nepali traders are indulging in under-invoicing at customs points while exporting hand-knotted carpet to China, raising suspicion of money laundering and tax evasion by the carpet industry.
The contract for the appointment was already signed. Nabil Bank's board meeting approved the agreement few days after signing it and sent the notification to the NRB and the stock exchange [company]. It just so happened that on the same day the NRB also passed a directive to implement the six-month cooling off period.
KATHMANDU, March 10: Nepal Bankers Association (NBA) on Friday told its member banks to suspend their interbank transactions with NIC Asia Bank Ltd for raising interests on deposits “in breach of an informal understanding to cap the interest rates.”
KATHMANDU, March 8: The government has revised down the economic growth forecast to 6 percent for the current fiscal year 2017/18 from the previous economic growth target of 7.2 percent. Releasing the mid-term review report of the budget for the current fiscal year, the Ministry of Finance lowered the growth forecast by 1.2 percentage points to 6 percent for the current fiscal year.
Investment Board finalizes a much-awaited agreement with Finnish joint venture for the management of the municipal solid waste. Each household will have to pay Rs 219 per month as waste collection service fees.
KATHMANDU, Mar 7: Minister for Finance, Yubaraj Khatiwada, is planning to issue white paper to make public the current economic position of the country and the measures that the government plan to take to deal with the ongoing economic and financial challenges.
KATHMANDU, Feb 27: Prime Minister KP Oli has chosen Yuba Raj Khatiwada, a monetary economist, as the Minister for Finance and Policy, overlooking other senior leaders of his own party to lead a crucial ministry that is responsible for maintaining both micro and macroeconomic stability in the country.
KATHMANDU, Feb 17: Engagement of private sector in promoting climate smart agriculture can be beneficial for both farmers and private sector if the results of a pilot program for climate resilient agriculture are something to go by.
KATHMANDU, Jan 24: At a time when bankers are hoping that the Nepal Rastra Bank (NRB) will provide them a relaxation on credit to core-capital-cum-deposit (C-CD) ratio, the central bank has indicated that such prudential lending limit is not going to be tweaked to address the current liquidity problem being faced by bank and financial institutions (BFIs).