Kathmandu / Nov 4: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Province 1 chapter is set to start a protest stating that businesses had to be closed down due to the high interest charged by the banks and financial institutions (BFIs). A working committee meeting of the FNCCI of Province 1 held […]
Kathmandu / Nov 3: Migrant workers will now get at least 10 percent of the primary shares (IPOs) issued by the companies, according to the revised rules of the Securities Board of Nepal (SEBON). Enforcing the Amended Securities Issue and Allotment Guideline 2022 on Thursday, SEBON introduced the reservation scheme for the migrant workers. Only […]
Kathmandu / Oct 31: The World Bank (WB) has projected that Nepal’s economic growth rate will reach to 5.8 per cent in 2022. Unveiling a report ‘Nepal’s Development Update, October 2022’ on Monday, the WB estimated that Nepal’s Gross Domestic Product (GDP) would increase by 5.8 per cent. The WB projected that Nepal’s GDP would […]
Kathmandu / Oct. 21: The year-on-year (y-o-y) consumer price inflation remained at 8.64 percent in the second month of 2022/23 compared to 3.49 percent a year ago, Nepal Rastra Bank (NRB) said. According to the Current Macroeconomic and Financial Situation of Nepal (Based on Two Months’ Data Ending Mid-September, 2022/23) released by the central bank […]
Kathmandu / OCT 16: Nepal Rastra Bank (NRB) has asked the banks and financial institutions (BFIs) not to open the letter of credit (LC) for the import of restricted goods. Amending a unified directive on Sunday, NRB directed the BFIs not to open an LC for the import of banned products. The government on Friday […]
Kathmandu / Oct 15: Nepal’s realization of foreign direct investment (FDI) is only one-third of the total amount committed by the investors. According to the records with Nepal Rastra Bank (NRB), foreign investors pledged to invest Rs 357 billion, out of which the country received investment of only Rs 130 billion as of 2020/21. Since […]
Kathmandu / Oct 8: The World Bank (WB) has estimated Nepal’s economic growth rate to reach 5.1 percent in the fiscal year 2022/23, which is way higher than the projection of 4.7 percent made by the Asian Development Bank. Unveiling the report entitled ‘Latest Macroeconomic Update,’ the WB has estimated the higher economic growth rate […]
Kathmandu / Oct 1: Nepal Rastra Bank (NRB) has revoked the operatinglicense of all money changers operating at airports except for those operating at Tribhuvan International Airport in Kathmandu and Gautam Buddha International Airport in Bhairahawa. The NRB made such a provision by amending the integrated circular 2078 BS. According to NRB, the work related […]
Kathmandu / Sept 21: Nepal’s economy is estimated to grow moderately by 4.7 percent (at market prices) in 2023, according to the Asian Development Bank (ADB). Unveiling its flagship economic publication ‘Update of the Asian Development Outlook (ADO) 2022’ on Wednesday, the ADB has downsized the projected growth of the country’s GDP from 5.8 percent […]
Kathmandu / Sept. 19: Nepal Electricity Authority (NEA) is signing power purchase agreements (PPAs) with hydropower projects for the production of around 1,500 MW hydroelectricity. According to the NEA, it has moved forward to open the PPA on Run of the River (RoR) hydropower projects. The state-owned power utility has put on hold the PPA […]
Newbaneshwor
Kathmandu, Nepal
4479401
Editor : Mr. Divesh J.B. Rana
Chairperson : Mr. Kishore Thapa