KATHMANDU, Aug 27: The stock market has rebounded following the clarification from the Nepal Rastra Bank (NRB) that its directive related to the threshold of banks and financial institutions (BFIs) investment on ´held-for-trading´ has nothing to do with the share market downfall and government officials remarks that there was no situation in the bourse to panic.
Nepal Stock Exchange (Nepse) benchmark index jumped 38.57 points to close at 960.43 points on Wednesday following NRB´s clarification and government officials´ remark which overshadowed the lingering concerns of investors that the NRB was trying to tighten the investment flow of the BFIs toward the capital market.
KATHMANDU, Aug 27: With festive season round the corner, stakeholders have expressed concern over growing supply of substandard liquors in the market. On the other hand, the government has no plan of market monitoring, citing legal vacuum.
Government officials say that Food Act-1967 has not listed liquors under the food and beverage item -- hence they can not monitor that market.
KATHMANDU, Aug 27 : The country has exported handicraft products worth Rs 5.32 billion in the fiscal year 2013/14, said the Federation of Handicraft of Association (FHAN) on Wednesday. Despite huge fall in the exports of silver jewelry, total income of exports has grown by 21.97 per cent in 2013/14 compared to the previous fiscal year.
Total export income from handicraft products stood at Rs 4.36 billion in fiscal year 2012/13. Export of silver products stood Rs 111 million in 2013/14 against Rs 184 million in 2012/13, according to FHAN.
KATHMANDU, Aug 27: Vegetable vendors of Kalimati Vegetable and Fruit Market have handed over Rs 100,000 to Prime Minister Sushil Koirala to support rescue and rehabilitation of flood and landslide victims across the country.
This is the second time the vendors collected the amount for flood victims this year. Earlier, they had collected Rs 163,000 for the landslide victims of Sindhupalchowk and handed it over to the PM on August first week.
KATHMANDU, Aug 27: Nepal Chamber of Commerce (NCC) on Wednesday held an interaction with Chinese Ambassador to Nepal Wu Chuntai on bi-lateral economic ties between Nepal and China, according to the statement.
Speaking in the interaction, Rajesh Kazi Shrestha, president of NCC emphasized the need for simplification of the zero tariff facility provided by the China for Nepali goods.