Page last updated at 2015-02-27 21:43:57 RSS
  BUSINESS & ECONOMY
Nepse Snaps Losing Streak
REPUBLICA
KATHMANDU, Feb 27: Nepal Stock Exchange (Nepse) index snapped three-week losing run by posting a gain of 7.8 points to close at 979.27 points on Thursday-the last trading day of the week.

The market recovered this week after continuous fall in the last three weeks. The market shed a total of 15.95 points during the period.
Rupee Strengthens, Gold Price Down
REPUBLICA
KATHMANDU, Feb 28: Nepali rupee gained 75 paisa against US dollar this week as the Indian currency, with which rupee is pegged, gained value against the greenback. Gold price, on the other hand, came down by Rs 340 per 10 grams this week.

CURRENCY
Govt Issues Foreign Investment And One Door Policy
RUDRA PANGENI
Names five priority sectors for foreign investment
KATHMANDU, Feb 28: The government on Friday issued Foreign Investment and One-Window Policy 2015, defining priority sectors to bring in foreign investment and introducing one-window service center to cater betters services to foreign investors.

The policy has named hydropower, transportation infrastructure, agro-based and herbal processing industries, tourism, and mines and manufacturing industries are the prioritized sector for foreign investment.
WBG, SAARC Development Fund Join Hands
REPUBLICA
KATHMANDU, Feb 28: The World Bank Group (WBG) and the South Asian Association for Regional Cooperation Development Fund (SDF) have announced that they have forged a multi-year partnership to design and implement SDF´s Social Enterprise Development Program (SEDP) in eight SAARC countries.

According to a press statement issued by WBG, the partnership aims to improve the quality and delivery of basic services to the poorest and underserved populations across South Asia by combining finance, global knowledge, and capacity development support for 100 social enterprises that will receive grants of $100,000 to $ 250,000 per enterprise.
´Micro-finance Instititutions Should Extend Collateral-free Loans´
REPUBLICA
KATHMANDU, Feb 28: Governor of State Bank of Pakistan (SBP), Ashraf Mahmood Wathra, has said that micro-finance institutions should be able to extend collateral-free loans to people of deprived sector and those living in rural areas.

“Micro-finance institutions serve poor and deprived sector people which ultimately helps a country for equitable economic growth and financial inclusion. They should float loans to these people without seeking any collateral,” Wathra said, addressing the ´2nd International Conference of Economics and Finance´ organized by Nepal Rastra Bank (NRB) in Kathmandu on Friday. He also claimed that Pakistan was the first country in South Asia to introduce a law related to the micro-finance. “The interest rates that micro-finance institutions in Pakistan are charging is one of the lowest in South Asia,” Wathra, the chief of Pakistan´s central bank, said.
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