Kathmandu / May 8: Outstanding credit of banks and financial institutions (BFIs) to consumable loans jumped by more than 4 folds in the meantime it fell by 47.7 per cent in the construction sector. According to the NRB’s current Macroeconomic and Financial Situation report, consumable loan sharply rose by 4 folds in the span of […]
Kathmandu / May 6 : The government is preparing the budget for the Fiscal Year 2022/23, keeping the revival of the country’s economy badly dented by the COVID-19 pandemic through production and productivity growth. The Ministry of Finance is in the process of formulating the budget giving main priority to maximum utilization of water, land, […]
Kathmandu / May 4: The World Bank is to provide a loan of USD 150 million (approximately Rs. 18.36 billion) to strengthen the financial sector of Nepal. The loan under the title of Finance for Growth and Development Policy Credit is being provided to help diversify financial solutions and increase access to financial services in […]
Ajay Chhetri / Kathmandu, May 4: Liquidity in the bank and financial institutions (BFIs) has slightly improved in the first week of May. The availability of excess liquidity that had hit rock bottom with Rs. 3.4 billion on April 21 has now begun rising in May. According to the Nepal Rastra Bank (NRB), the excess […]
Kathmandu / May 3: Minister for Finance, Janardan Sharma has said that there is a need to audit the national assets of the country. Speaking at a program organized on the forest national assembly of accountant professionals 2022 by Institute of Chartered Accountants, Minister Sharma stressed the need for auditing the national assets of the […]
Kathmandu / April 28: Finance Minister Janardan Sharma has underscored the need to boost government-private sector cooperation so that economic development could be realized. “Significant portion of the national economy is sustained by the private sector. Government is only the facilitator. Seventy percent of the entire economy hinges on private sectors,” he noted. According to […]
Kathmandu / April 26: The International Monetary Fund (IMF) has projected that Nepal’s economic growth rate will remain at 4.1 percent in the current fiscal year 2021/22. Unveiling a report entitled ‘World Economic Outlook’, the international financial institution has estimated the figure for Nepal’s growth rate, which is higher than 3.9 percent projected by the […]
Kathmandu / April 20: Nepal has emphasized that collective commitments were necessary for energy security. During a third meeting of energy ministers from the Bay of Bengal Initiative for Multi-sectoral, Technical and Economic Cooperation (BIMSTEC) here today, Minister for Energy, Water Resources and Irrigation, Pampha Bhusal, highlighted the need for mutual trust, clarity in future […]
Kathmandu / April 19: Supreme Court has issued a short-term interim order against the government’s decision to suspend Governor of Nepal Rastra Bank Maha Prasad Adhikari. A single bench of Justice Hari Prasad Phuyal issued the order asking the government not to implement its decision to suspend Governor Adhikari. The apex court has also asked […]
Kathmandu / April 17: Suspended Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has knocked on the doors of the Supreme Court. Adhikari has filed a petition at the apex court, requesting his reinstatement to the post at the central bank. Governor Adhikari reached the court seeking an interim order to reinstall him to his […]
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Kathmandu, Nepal
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Editor : Mr. Divesh J.B. Rana
Chairperson : Mr. Kishore Thapa