Laxman Kafle / Kathmandu, Nov. 22: Electronic payment transactions have been increasing over the years with the development of payment infrastructure, policy of encouraging electronic payments and gradual adoption of electronic payment instruments. According to the latest macroeconomic and financial report based on three months of the current fiscal year released by the central bank, […]
Kathmandu / Nov 16: The country received remittances of Rs 281 billion in three months (review period) of the current fiscal year, a 17 percent rise compared to remittances inflow in the corresponding period last year. The remittance inflow in the same period last year saw a fall of 7.9 percent compared to the previous […]
Kathmandu / Nov 16: The World Bank (WB) is providing grant support of US $4.5 million to strengthen the capacity of Indigenous Peoples and Local Communities (IPLCs) in Nepal’s forest sector. An agreement to this effect was signed on Wednesday by Lada Strelkova, WB’s Operations Manager for Maldives, Nepal, and Sri Lanka, and Arjun Karki, […]
Kathmandu / Nov 12: The national flag carrier—Nepal Airlines- is to operate the international flight from Bhairahawa-based Gautam Buddha International Airport. The spokesperson of the Nepal Airlines Corporation, Archana Khadka, said preparation was underway to operate international flights from Gautam Buddha Airport by the end of this December. A team formed under the coordination of […]
Kathmandu / Nov. 9: The government has fixed the minimum support price of paddy. According to the Ministry of Agriculture and Livestock Development, the floor price of paddy was determined by the Cabinet meeting held on November 2. Prakash Kumar Sanjel, spokesperson of the Ministry, informed that the government has fixed the floor price of […]
Kathmandu / Oct 8 : The promotion of biogas in the country is not encouraging due to lack of friendly policies and working procedures. Though the private sector has its leading role in the promotion of biogas technology in the country, it faces hurdles to deliver expected results in absence of revisions in the grant […]
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 […]
