Economy

Directors of cooperatives asked to vacate dual positions within 30 days

Kathmandu / July 3: The Department of Cooperatives has stated that one person cannot be the director of two or more cooperative institutions at the same time. The department has today instructed all the cooperatives to maintain a single position by abandoning if someone is holding a double position. Section 41 (5) of the Cooperatives […]


FNCCI President Dhakal urges OPEC Fund for more Investment in Nepal

Kathmandu /, June 26: President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Chandra Prasad Dhakal, has urged the OPEC Fund to increase investment in Nepal, stating that Nepal offers abundant investment potential. During a meeting with the President of the OPEC Fund Abdulhamid Alkhalifa and Vice President Tareq Alnassar in Vienna, […]


Domestic entrepreneurship and production to be promoted: Finance Minister

Kathmandu / June 25: Finance Minister Barsha Man Pun has said that domestic entrepreneurship and production will be protected and promoted while implementing an economic reform plan of a new phase. In his address to concerns raised during the deliberations on the Finance Bill, 2081 BS today, the Minister said the Bill aims to speed […]


NRB mops Rs 50 billion from financial system amid liquidity surge

Kathmandu / June 20: The Nepal Rastra Bank (NRB) on Thursday mopped Rs 50 billion from the banking system, following an increase in liquidity in the market. The central bank last mopped liquidity from the market approximately a week ago. The NRB uses deposit collection tools to draw liquidity when there is an excess of […]


Nepal to host 21st IDA meeting, the largest World Bank event in the country

Kathmandu / June 9: The 21st meeting of the International Development Association (IDA) under the World Bank Group is set to be held in Nepal. This is the largest World Bank program to take place in Nepal. Prime Minister Pushpa Kamal Dahal will inaugurate the meeting, scheduled in Kathmandu from June 18 to 21. Various […]


Govt focused on socioeconomic transformation: Minister Pun

Kathmandu / June 8: Finance Minister Barshaman Pun has claimed that present government was moving towards journey of national prosperity. Government is focused on socioeconomic transformation of the country, he added. Minister Pun was making such views during a programme organized by the Returnee Centre Nepal here today. He argued that fundamental achievements were made […]


MCC Deputy Vice President Brooks calls on Minister Pun

Kathmandu / June 4: Visiting Deputy Vice President of Millennium Challenge Corporation (MCC), Jonathan Brooks, on Tuesday paid a courtesy call to Finance Minister Barsha Man Pun. The delegation led by Brooks called on the Minister at the latter’s office at Singha Durbar. During the meeting, the Minister said the government is committed to concluding […]


Budget receives mixed reactions from lawmakers

Kathmandu / June 3: Lawmakers have expressed mixed reactions to the budget announced for the upcoming fiscal year. Taking part in general deliberations on the estimations of the government’s income and expenditure for the fiscal year 2024-25 in a meeting of the House of Representatives on Monday, Ashok Kumar Chaudhary of Rastriya Swatantra Party said […]


NRB forwards 13-point policy to extend financial access

Kathmandu / June 1: Nepal Rastra Bank (NRB) has unveiled a 13-point policy to extend financial access to the people. Inclusive financial access, financial literacy, financial awareness, start-ups in digital technology and promotion of micro, small and medium enterprises are the policies forwarded by the NRB. In addition, the central bank has aimed to focus […]


As private sector praises budget, Minister Pun says it was unveiled being realistic

Kathmandu / May 30: Finance Minister Barsha Man Pun has said the budget unveiled by the government for the upcoming fiscal year 2024/25 has received good comments. At a programme organised by Nepal Association of Financial Journalists (NAFIJ) here today to hold discussions on budget for the upcoming fiscal year 2024/25, Minister Pun shared that […]




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