Category: Finance

Kathmandu: Hulas Finserv Hire Purchase Limited is the one of the top hire purchase companies that has been licensed by Nepal Rastra Bank. Dedicated to bridging the gap between dreams and reality through accessible and flexible hire purchase solutions, Hulas Finserv is pleased to announce its partnership with NMB Capital Limited, a leading merchant bank… Continue reading Hulas Finserv hire purchase limited signs IPO agreement with NMB Capital

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has officially launched its Business Intelligence System (BIS) on Tuesday. This system will be used for managing FNCCI’s member database, conducting research and streamlining office operations. All members’ information will be stored in this system, making it accessible to the members themselves. Approximately 600,000 businesses… Continue reading FNCCI launches Business Intelligence System

Kathmandu: A parliamentary special committee has recommended legal action against four key figures at Gorkha Media Network for their involvement in the misappropriation of Rs 650 million. The recommended individuals include Rastriya Swatantra Party (RSP) Chairman Rabi Lamichhane, who was formerly the managing director of the network, along with Gitendra Babu (GB) Rai, Kumar Ramtel,… Continue reading Parliamentary Committee recommends action against Rabi Lamichhane

Kathmandu: Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), emphasized the need for a stable policy environment to foster private sector growth in Nepal. In a recent meeting with an International Monetary Fund (IMF) mission, Dhakal highlighted the importance of understanding Nepal’s unique economic and social characteristics when… Continue reading Nepali private sector urges for stable policies during IMF meeting

Kathmandu: The Federation of Nepalese Chambers of Commerce and Industry’s (FNCCI) Agro Enterprise Centre (AEC), in collaboration with United States Agency for International Development (USAID) Nepal Seed and Fertiliser Programme, hosted a successful two-day National Workshop on the “Status, Opportunities, and Challenges of Agribusiness Micro, Small, and Medium Enterprises (MSMEs) inNepal” on September 10 and… Continue reading FNCCI and CIMMYT host National Workshop to Strengthen Agribusiness MSMEs in Nepal

Kathmandu: The Commission for the Investigation of Abuse of Authority (CIAA) has initiated a probe into a potential e-passport scam involving the French company IDEMIA. IDEMIA, which was contracted to print two million e-passports for Nepal, is under scrutiny for alleged financial mismanagement. The investigation focuses on discrepancies in the contract and production processes. IDEMIA… Continue reading CIAA launches investigation into alleged E-Passport scam with IDEMIA

Kathmandu: In a significant policy shift, the government has decided to lift the suspension on land plotting, following a recent Cabinet meeting. The decision was made based on a proposal from the Ministry of Land Management, Cooperatives, and Poverty Alleviation, allowing for land plotting to resume nationwide. Previously, out of 753 municipalities across the country,… Continue reading Govt resumes land plotting process across Nepal

Kathmandu: Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), has stated that the foundation for economic reforms is being laid in the country. Dhakal made this remark during a meeting with Imad Fakhoury, Regional Director for South Asia at the International Finance Corporation, at the FNCCI Secretariat on… Continue reading Foundation for economic reforms being laid: Dhakal

Kathmandu: In response to the excess liquidity in the banking system, the Nepal Rastra Bank (NRB) will undertake a significant liquidity absorption operation on Sunday. The central bank has announced plans to withdraw Rs 100 billion through a bidding instrument. The NRB’s move follows a previous operation on August 18, where it mopped Rs 100… Continue reading NRB to drain Rs 100 bn from excess liquidity

Kathmandu: Under newly passed legislation, individuals convicted of cheque bouncing may face imprisonment ranging from one month to two years. This development was confirmed during a recent meeting of the Finance Committee on the Banking Offenses and Punishment (Second Amendment) Bill, 2080. The committee detailed that the length of imprisonment will be contingent upon the… Continue reading New legislation imposes stricter penalties for cheque bouncing