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 […]
Kathmandu / April 12: The consumer price inflation was recorded at 7.14 percent as of mid-March this year as compared to 3.03 pour cent of the same period last year. Surging prices of a number of food items along with the services took the consumer price index on the upward graph, according to Nepal Rastra […]
Kathmandu / April 11: Amid growing criticisms over his decision to suspend Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari, Finance Minister Janardan Sharma on Monday said that the government took action against Adhikari as per the NRB Act. Minister Sharma made the claim during a press meet organized at the Ministry of Finance (MoF) […]
Kathmandu / Apr. 10: The Nepal Bankers’ Association (NBA), an organisation of chief executive officers of commercial banks, has decided not to issue letters of credit for the import of essentials except in case of extremely needed ones. The Association’s meeting on Sunday took a decision to this effect. LC will not be allowed to […]
Kathmandu / April 9: This spring, 204 climbers from 42 countries, including Russia, will climb Mt. Everest. According to the Department of Tourism, a team of 204 people, including 14 from Russia, had obtained permission to climb Mt. Everest. The countries with the highest number of climbers are 51 from the USA, 25 from the […]
Kathmandu / April 7: Nepal Rastra Bank (NRB) Spokesperson Gunakar Bhatta has said that the government has decided to stop the import of luxury items to prevent the decline of the foreign exchange (forex) reserves of the country. Stating that the biggest challenge at hand is the proper management of foreign exchange reserves, he said […]
Ramesh Lamsal, Kathmandu / April 3: India has paved the way for electricity trade from Nepal, rising above the framework of the South Asian Association for Regional Cooperation (SAARC) and the declaration of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). Although Nepal has been making efforts for a long for […]
Kathmandu / Mar. 29: Economists and experts have accused the Ministry of Finance (MoF), the pivotal government agency to look after the economic health of the country, of focusing on populist programs and acting as a revenue collection organ rather than solving the real problems of the economy. Speaking at a program entitled ‘Current Economic […]
Kathmandu / Mar. 22: Prime Minister Sher Bahadur Deuba has directed all concerned authorities to formulate policies and programmes to keep the country’s economic condition in balance and to reduce the trade deficit. PM Deuba instructed so at a ministerial meeting of the Development Issues Resolution Committee under the Ministry of Industry, Commerce and Supplies […]
Kathmandu / Mar. 21: The aggregate amount of the government receipts thus far has already surpassed the amount recorded in the same period in the previous fiscal year (FY). The Financial Comptroller General Office (FCGO) revealed that the aggregate receipts went up by 20 per cent during the first eight months of the current FY. […]
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Editor : Mr. Divesh J.B. Rana
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