Kathmandu / Jan 30: Economists have asked the government to implement stern measures to check depleting foreign currency reserves amid worsening balance of payments (BoP). In a meeting with the Finance Minister Janardan Sharma on Sunday, the experts suggested the government continue with existing restrictions on import until the country’s BoP returns to normal. Although […]
Yubaraj Pandey / Butwal, Jan 29: Entrepreneurs have been suffering due to the lack of Integrated Customs Check Post (ICP) at Bhairahawa, considered as the second largest customs point in Nepal. As a result, the entrepreneurs have been forced to bear various hassles along with additional fees. As per the agreement reached between the Governments […]
Kathmandu / Jan 28: Export of Nepali products towards India and third countries via Birgunj checkpoint has increased significantly in the recent six months of the current fiscal year 2021/22. The export went up by 186 per cent during the period as compared to the first six months of the fiscal year 2020/21. Nepali goods […]
Ajay Chhetri / Kathmandu, Jan. 25: The liquidity management issue has lasted longer in the bank and financial institutions (BFIs) alongside the daunting macroeconomic indicators. The Nepal Rastra Bank (NRB) data shows that the trend of the excess liquidity indicator fluctuated around Rs. 122.9 billion to Rs 120 billion at the beginning of the current […]
Ajay Chhetri / Kathmandu, Jan 23: Trade deficit has increased by 46.64 per cent during the first half of the current fiscal year (FY) in comparison to the same period of the previous FY. The first six month’s foreign trade statistics (FTS) released by the Customs Department recorded the trade deficit of Rs 880.4 billion […]
Kathmandu / Jan 22: The pandemic caused by the COVID-19 pushed many governments worldwide to take measures such as lockdowns and quarantines to stop its spread. Since March 2020, Nepal has also imposed restrictions on movements and lockdowns, which inevitably led to social and economic hardships such as job loss, disruptions in public services, and […]
Kathmandu / Jan 19: Owners of electric vehicles (EVs) can now keep additional electric equipment to charge their vehicles at their home or office as Nepal Electricity Authority (NEA) has now decided to allow people concerned to upgrade electricity supply for the purpose. By enforcing the Electricity Distribution Bylaw 2022, the state-owned power utility has […]
Kathmandu / Jan 18: Nepal Rastra Bank (NRB) has asked the banks and financial institutions (BFIs) to submit their plans for financial literacy programs within the first three months of every fiscal year. Enforcing a Financial Literacy Framework Directive on Monday, NRB has targeted to make it mandatory for the BFIs to invest the prescribed […]
Ajay Chhetri / Kathmandu, Jan. 17: Merger and acquisition process of commercial banks have been found initiated in line with Nepal Rastra Bank (NRB) objectives. Recently, Nabil Bank and Nepal Bangladesh Bank signed a memorandum of understanding (MoU). Both the banks signed the agreement on January 13 with the share swap ratio between Nabil Bank […]
Kathmandu / Jan 13: The consumer price inflation hit 7.11 percent as of mid-December, which is 0.6 point percent higher than the government’s annual target for this fiscal year. According to Nepal Rastra Bank (NRB)’s report on Current Macroeconomic and Financial Situation, the average price has gone up at an alarming rate compared to that […]
