Category: Finance

Kathmandu: Nepal Rastra Bank has arranged that banks and financial institutions cannot publish the borrower’s photo while publishing the loan recovery notice. This arrangement was made by amending the Integrated Directive 2078 BS issued for banks and financial institutions. In case of debt collection for a period of more than one year, before starting public… Continue reading Banks are not allowed to public borrower’s photo on loan recovery notice

Kathmandu: Nepal government has banned the import of fresh roses from abroad. Plant Quarantine and Pesticide Management Center under the Ministry of Agriculture has issued a notice today and told the subordinate border offices not to issue import permits for fresh roses. The Plant Quarantine and Pesticide Management Center said that due to the risk… Continue reading Nepal Govt bans rose import

Kathmandu: Remittance inflows increased 24.3 percent to Rs.585.08 billion in the review period against a decrease of 5.0 percent in the same period of the previous year. According to the Nepal Rastra Bank (NRB) number of Nepali workers (institutional and individual-new) taking approval for foreign employment increased 64.6 percent to 275,643 in the review period.… Continue reading Remittances increased by 24.3 percent in the last six months

Kathmandu: Himalaya Shamsher JBR, the first governor of Nepal Rastra Bank (NRB), has passed away. 95-year-old JBR died in the morning during treatment at Norvic Hospital in Kathmandu. JBR was the first governor and former finance secretary of Nepal. He was also the founder of Himalayan Bank. After passing matriculation in 14 years, he became… Continue reading First Governor of NRB Himalaya Shamsher JBR passes away

Kathmandu: India has cut off aid budget to Nepal. Finance Minister Nirmala Sitharaman has presented the federal Budget for the financial year 2023/24 on Wednesday. In which, through the Ministry of Foreign Affairs of India, the grant aid budget for neighboring countries including Nepal is allocated. According to the data, India is going to give… Continue reading India reduces grant aid to Nepal

Kathmandu: Nepal Oil Corporation (NOC) has informed that India has sent list of fuel price increasing the price. According to the new prices received by the corporation from the Indian Oil Corporation (IOC) on Tuesday evening, the prices of all types of fuel except cooking gas have increased. Corporation said that petrol has become more… Continue reading Fuel price increases from India

Kathmandu: The Central United Trade Union Struggle Committee of restaurant owners has announced seven-day protest against the decision of the supreme court over service charge. They have demanded to restore 10 percent service charge. On Wednesday, the trade unions working in hotels and restaurants held a protest in Kathmandu and announced a phased wise seven-day… Continue reading Restaurants demands to levy service charge

Kathmandu: Nepal’s public debt has fallen to 2,007 billion rupees, Nepal Rastra Bank (NRB) stated. According to the report published by the Ministry of Finance, the public debt of Nepal, both internal and external, has decreased to 2007 billion rupees by the end of mid-December. Meanwhile, by the mid-July, the public debt was 2,013 billion… Continue reading Public debt of Nepalis reduced: NRB

Kathmandu: The Supreme Court has decided that hotels and restaurants cannot levy service charge to customers. Hotels and restaurants have been charging an additional 10 percent service fee from customers based on the provisions of Section 87 (3) of the Labor Act 2074 BS and Rule 82 of the Labor Code 2075 BS. But the… Continue reading Supreme court overturn decision of 10 pc service tax charged by hotels and restaurants

Kathmandu: The price of gold in the Nepali market has set a new record. According to the Federation of Nepalese Gold and Silver Dealer’s Association (FeNeGoSiDA), the price of gold reached its highest point on Thursday. The price of gold has reached 106,900 rupees per tola today. According to the federation, this is the highest… Continue reading Gold price at an all-time high