Published On: January 3, 2023 08:30 AM NPT By: RAJESH KHANAL
KATHMANDU, Jan 2: Nepal’s banking system holds demonetized Indian currency (IC) worth over Rs 50 million, which the Indian authorities have refused to take back.
Published On: January 1, 2023 09:50 AM NPT By: RAJESH KHANAL
KATHMANDU, Jan 1: The Department of Revenue Investigation (DRI) filed 42 cases of revenue leakage worth Rs 8.29 billion in a one-year period of 2022.
Published On: December 30, 2022 09:00 AM NPT By: RAJESH KHANAL
KATHMANDU, Dec 30: Nepal is estimated to have produced 5,486,472 tons of paddy this year, which is 6.94 percent more than the yield of last year.
Published On: December 28, 2022 08:15 AM NPT By: RAJESH KHANAL
KATHMANDU, Dec 28: China on Tuesday permitted a notable number of Nepal’s cargo trucks carrying exportable goods to move across the border at the Rasuwagadhi-Kerung checkpoint, ending a 31-month long unannounced blockade.
Published On: December 27, 2022 08:45 AM NPT By: RAJESH KHANAL
KATHMANDU, Dec 27: CPN-UML Vice-chairman Bishnu Prasad Poudel, who enjoys a merry time after being appointed as the finance minister for a third time, will have an uphill battle to lift the Nepali economy, which faces a number of challenges at present.
Published On: December 25, 2022 08:45 AM NPT By: RAJESH KHANAL
KATHMANDU, Dec 25: Cases of defaulting bank loans have increased by a notable number in recent days after the borrowers failed to pay back their dues on time. This has led to a significant rise in provisioning of banks.
Published On: December 18, 2022 08:05 AM NPT By: RAJESH KHANAL
Consumers feel cheated as NOC flouts its own promise to enforce auto-pricing system NOC reduced petrol price by Rs 3 per liter in the past five months even as its price in int’l market declined by 28 percent
Published On: December 16, 2022 09:00 AM NPT By: RAJESH KHANAL
KATHMANDU, Dec 16: Nepal added extra foreign currencies worth Rs 7.60 billion to its foreign currency reserves during the one-month period between mid-October and mid-November, mainly due to a decline in imports along with a notable rise in remittance inflows.
Published On: December 14, 2022 08:00 AM NPT By: RAJESH KHANAL
KATHMANDU, Dec 14: More than 6,000 insured individuals surrendered their life insurance policies amounting Rs 1.11 billion during mid-October and mid-November.
Published On: December 13, 2022 10:00 AM NPT By: RAJESH KHANAL
KATHMANDU, Dec 13: Commercial banks of Nepal are considering reviewing the existing interest rates on deposits from Friday, the beginning of the new Nepali month, after the banks have been cushioned with an improved liquidity.
Published On: December 12, 2022 09:30 AM NPT By: RAJESH KHANAL
KATHMANDU, Dec 12: The cases of suspicious transactions in commercial banks are on the rise despite growing concerns of Nepal Rastra Bank (NRB) to tighten the money laundering measures.
Published On: December 7, 2022 08:55 AM NPT By: RAJESH KHANAL
KATHMANDU, Dec 7: Nepal Airlines Corporation (NAC) has stepped up efforts to sell five out of six Chinese aircraft that have been grounded for over two years.
Published On: December 5, 2022 07:36 AM NPT By: RAJESH KHANAL
KATHMANDU, Dec 5: The private sector has come down heavily on the government’s policies that have been blamed for fueling the current financial crisis in the country.
Published On: December 4, 2022 10:24 AM NPT By: RAJESH KHANAL
The multilateral lending institute cautions Nepal to diversify the migrants’ destinations citing a possible fall next year
Published On: December 2, 2022 09:00 AM NPT By: RAJESH KHANAL
KATHMANDU, Dec 2: While the private sector has warned of hitting the streets to exert pressure on Nepal Rastra Bank (NRB) to reduce the interest rates of banks, NRB Governor Maha Prasad Adhikari on Thursday made it clear that the central bank will not change its decision “just because of the protests by the market players”. The chief executive of the country’s central bank, however, expressed readiness to work with the private sector to fix the interest rates if they stand ready for that option.
Published On: November 30, 2022 09:45 AM NPT By: RAJESH KHANAL
KATHMANDU, Nov 30: Although Nepal regained nominal improvements in its external sector indicators recently, the performance of the overall macroeconomic indicators continues to remain dismal.
Published On: September 26, 2022 02:05 PM NPT By: RAJESH KHANAL
China is just clearing the Nepal-bound cargo containers stuck at the border, but is least bothered about barrier-free movement for Nepali traders
Published On: August 24, 2022 08:18 PM NPT By: RAJESH KHANAL
Private sectors maintain that the new provision will reduce demand for loans, adversely affect production and trading businesses and shrink possibilities of employment generation.
Published On: July 26, 2022 09:09 AM NPT By: RAJESH KHANAL
Earlier last week, Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari announced the monetary policy for fiscal year 2022/23, a document everyone had pinned their hopes on, expecting it to come up with magical solutions for a number of problems facing the country, including the persistent liquidity problem and external sector stability.
Published On: July 25, 2022 10:30 PM NPT By: RAJESH KHANAL
KATHMANDU, July 25: Last Friday, Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari announced the monetary policy for fiscal year 2022/23,a document everyone had pinned their hopes on, expecting it to come up with magical solutions for a number of problems facing the country, including the persistent liquidity problem and external sector stability.