Published On: August 9, 2019 02:00 AM NPT By: Sagar Ghimire
KATHMANDU, Aug 9: The five-year clock for implementation of a multimillion-dollar program financed through the Millennium Challenge Corporation (MCC) grant of the US will start ticking from June 30 next year.
Published On: August 8, 2019 06:00 AM NPT By: Sagar Ghimire
KATHMANDU, Aug 8: Nepal Bankers Association (NBA) has warned that some of the provisions in the recent circular of the Nepal Rastra Bank could have an adverse impact on the banking sector and the overall economy.
Published On: August 4, 2019 09:15 AM NPT By: Sagar Ghimire
KATHMANDU, Aug 4: The country's external sector position is likely to worsen in the current fiscal year 2019/20 as Nepal Rastra Bank (NRB) has focused on supporting the government's growth target rather than the stability of price and balance of payment (BoP).
Published On: August 3, 2019 07:44 AM NPT By: Sagar Ghimire
KATHMANDU, Aug 3: The government has capped the lending rate for cooperatives at 16%.
Published On: July 25, 2019 07:45 AM NPT By: Sagar Ghimire
KATHMANDU, July 25: Nepal Rastra Bank (NRB) has introduced its monetary policy for the new fiscal year 2019/20, focusing on making liquidity management more efficient and maintaining interest rate stability.
Published On: July 18, 2019 07:13 AM NPT By: Sagar Ghimire
KATHMANDU, July 18: Nepal Rastra Bank (NRB) Governor Chiranjibi Nepal has put mergers of banks and financial institutions (BFIs) high on his agenda as the central bank prepares to unveil its monetary policy for fiscal year 2019/20.
Published On: July 11, 2019 08:07 AM NPT By: Sagar Ghimire
KATHMANDU, July 11: The average capacity utilization of Nepali factories has reached 60% over the first six months of the current fiscal year – FY2018/19, according to the latest study of economic activities of the country released by Nepal Rastra Bank (NRB) on Wednesday.
Published On: July 5, 2019 04:00 AM NPT By: Sagar Ghimire
KATHMANDU, July 5: Seven commercial banks have submitted their written commitment to the Nepal Rastra Bank (NRB) for merger in line with recent instruction of Governor Chiranjibi Nepal.
Published On: June 28, 2019 05:00 AM NPT By: Sagar Ghimire
KATHMANDU, June 28: Nepal Rastra Bank (NRB) has sought commitments from the commercial banks for their readiness to go for 'big' merger and acquisition (M&A) in line with the announcement made in the budget speech for the upcoming fiscal year 2019/20.
Published On: June 24, 2019 05:30 AM NPT By: Sagar Ghimire
BHAIRAHAWA, June 24: If things go as planned, Gautam Buddha International Airport (GBIA) in Bhairahawa will be the first national pride project of the country to be completed.
Published On: June 22, 2019 07:58 AM NPT By: Sagar Ghimire
KATHMANDU, June 22: To achieve the sustainable development goals (SDGs), there will be an average investment requirement of Rs 2,024.8 billion per year until 2030, according to an estimate by the National Planning Commission (NPC).
Published On: May 31, 2019 07:49 AM NPT By: Sagar Ghimire
KATHMANDU, May 31: Access to finance has emerged as the biggest obstacle to Nepali firms after the country headed toward political stability and stable supply of electricity, a recent survey carried out jointly by Nepal Stock Exchange (Nepse) and The Milken Institute (MI) shows.
Published On: May 31, 2019 06:00 AM NPT By: Sagar Ghimire
KATHMANDU, May 31: Amid widespread criticism of the government decision to hike the development fund for lawmakers, Finance Minister Yuba Raj Khatiwada on Thursday defended the 'distributive' budget saying that the government cannot ignore voices of elected representatives in a democratic system.
Published On: May 30, 2019 07:22 AM NPT By: Sagar Ghimire
KATHMANDU, May 30: The government has unveiled a budget of Rs 1.53 trillion for the upcoming fiscal year 2019/20 without introducing any notable new development project while raising the rates of major taxes and increasing allocations for distributive programs.
Published On: May 24, 2019 08:22 AM NPT By: Sagar Ghimire
KATHMANDU, May 24: China has urged Nepal to embrace a ‘very pragmatic approach’ to deal with foreign payment service providers and platforms including Alipay and WeChat Pay.
Published On: May 18, 2019 07:35 AM NPT By: Sagar Ghimire
LUMBINI, May 18: It has been over five decades since then secretary general of the United Nations, U Thant, visited Lumbini and set in motion the UN’s initiatives for the development of Gautam Buddha’s birthplace.
Published On: April 27, 2019 08:52 AM NPT By: Sagar Ghimire
KATHMANDU, April 27: Nearly one million people, or 11.4 percent, out of the total working age population in Nepal are unemployed, according to a finding of the ‘Nepal Labour Force Survey (NLFRS) III’ carried out by the Central Bureau of Statistics (CBS).
Published On: April 23, 2019 08:00 AM NPT By: Sagar Ghimire
KATHMANDU, April 23: The government has set standards on registration of new savings and credit cooperatives amid concerns about their growing concentration in urban areas.
Published On: April 14, 2019 07:53 AM NPT By: Sagar Ghimire
KATHMANDU, April 14: Telecommunication service providers in Nepal are charging exorbitant tariffs and prices to consumers for mobile and telephone services, according to the audit report of Office of the Auditor General (OAG).
Published On: April 11, 2019 05:30 AM NPT By: Sagar Ghimire
KATHMANDU, April 11: Nepal Rastra Bank (NRB) has simplified the process of opening bank account as part of its effort to help the government in increasing people's access to finance.