Kathmandu / Aug. 21 : Senior Vice President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Chandra Prasad Dhakal, has said that the export of agricultural products should be increased to solve the problem of foreign exchange reserves. In the aftermath of the COVID-19, amidst growing imports, the country is facing external […]
Ajay Chhetri / Kathmandu, Aug. 16: Foreign exchange reserve has dropped below the warning benchmark as it is now sufficient merely for the import of goods and services for 6.9 months. According to the annual data 2021/22 released by Nepal Rastra Bank (NRB) on August 16, the foreign exchange reserve declined by 15 per cent […]
Kathmandu / Aug. 16: Nepal Rastra Bank (NRB) has increased the threshold of money remitted from abroad on a daily basis from Rs 1 million to Rs 1.50 million. Revising a unified directive on Monday, the central bank has increased the limit of remittance earned by an individual as an income for selling goods, commission, […]
Kathmandu / Aug. 2: The Confederation of Nepalese Industries (CNI) has urged the government to annul the decision to raise the rental charge of lands inside the industrial estates. In a meeting with Minister for Industry, Commerce and Supplies Dilendra Prasad Badu on Tuesday, the entrepreneurs urged the government authorities to come up with a […]
Kathmandu / July 22: Nepal Rastra Bank (NRB) has set the inflation rate of 7 per cent for the fiscal year (FY) 2022/023. The NRB said so while unveiling the monetary policy for the FY 2022/23 on Friday. The NRB target to limit inflation to 7 per cent is lower than the actual inflation of […]
Kathmandu / July 21: Nepal Electricity Authority (NEA) has projected that Nepal will be exporting 2,456.4 MW of electricity to India in the peak production season after the next four years, provided all hydroelectricity projects in the pipeline complete their construction works within the prescribed timeline. Currently, India has allowed Nepal to sell 364 MW […]
Kathmandu / July 20: Nepal Rastra Bank (NRB) has tightened the dollar exchange service. With the move of the central bank, now the Nepali citizens who are going to travel abroad can only exchange USD 200. NRB has reduced the exchange limit following pressure on the foreign exchange reserves. Earlier, the same facility was available […]
Kathmandu / July 16: Department of Foreign Employment (DoFE) has said that the number of workers going abroad has increased by 3.68 times in the fiscal year 2021/22. Speaking at the annual review and discussion program of the Foreign Employment Department on Friday, Director General of DoFE Shesh Narayan Paudel said that the number of […]
Balkrishna Gyawali / Kathmandu: Although all political parties that have formed a government claim to have corruption control and good governance as their priority, the report of the Office of Auditor General (OAG) has revealed that good governance is weakening in the country. According to the audit report of the fiscal year 2021/22 released by […]
Kathmandu / July 14: There are four million taxpayers in the country. As per the 59th report released by the Office of the Auditor General on Wednesday, the number of taxpayers has reached 4.059 million by the fiscal year 2077/78 BS. The number of taxpayers of three groups—income, value added tax and excise duty has […]
Newbaneshwor
Kathmandu, Nepal
4479401
Editor : Mr. Divesh J.B. Rana
Chairperson : Mr. Kishore Thapa