Category: Finance

Kathmandu: A gradual recovery is underway in Nepal, boosted by the lifting of containment measures as vaccination picks up and tourism and migrant worker flow recover. The economy is expected to grow by 3.9 percent in FY22, an improvement over 1.8 percent growth in FY21, but still below pre-pandemic growth averages, according to World Bank’s… Continue reading Services-led Growth Key to Nepal’s Green, Resilient, and Inclusive Development

Kathmandu: Three major private sector organizations have urged parties to ratify the Millennium Challenge Corporation (MCC) agreement, a US aid project. The Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Confederation of Nepalese Industries (CNI) and the Nepal Chamber of Commerce (NCC) on Wednesday issued a joint press release demanding immediate implementation of… Continue reading Pvt sector urges govt to ratify MCC

Kathmandu: Cable television entrepreneurs are also preparing for the agitation saying that they have been impacted negatively by the pole rent fixed by the Nepal Electricity Authority (NEA). National Gathering of Cable Television Entrepreneurs held in Kathmandu on Wednesday issued a press statement announcing to protest against the decision of the Authority. The conference has… Continue reading Cable TV to protest against pole rent increased by NEA

Kathmandu: The parliamentary committee has directed the government to provide food and daily necessities to the general public at affordable prices during the festive season. A meeting of the Industry and Commerce and Labor and Consumer Interest Committee of the House of Representatives on Tuesday directed the Ministry of Industry, Commerce and Supplies to make… Continue reading Parliamentary committee asks to provide daily necessities at affordable prices

Kathmandu: Commodity exports have shown encouraging growth since the beginning of the current Fiscal Year 2021/22. In the first two months of the current fiscal year, Nepal has exported a total of Rs. 44 billion. Exports had stood at Rs. 20.44 billion in the first two months of the previous Fiscal Year 2020/21 alone. Exports… Continue reading Country exports worth Rs 44 bn in last two months

BEIJING (AP): China’s central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money. Friday’s notice complained Bitcoin, Ethereum and other digital currencies disrupt the financial system and are used in money-laundering and other crimes. “Virtual currency derivative transactions are all… Continue reading China says all crypto transactions illegal; Bitcoin tumbles

Kathmandu: Finance Minister Janardan Sharma has said that Nepal needs more assistance from the World Bank to control the covid-19 epidemic. In a meeting with the World Bank delegation at the Ministry on Monday, he thanked the bank for its support to Nepal and asked for more support. Minister Sharma said that the current government… Continue reading Finance minister asks help from World Bank to prevent pandemic

Kathmandu: Nepal Rastra Bank has made an arrangement to exchange new notes from Monday for festive season. NRB has stated that an arrangement has been made to exchange new notes for the public by adopting public health standards to avoid covid-19. Not only from the National Bank but also the banks themselves are going to… Continue reading New notes for festival will be available from Monday

Kathmandu: Stating that there is a shortage of raw gold in the market, gold and silver traders have demanded to increase the supply system. A delegation of the Federation of Nepal Gold and Silver Dealer’s Association reached Nepal Rastra Bank on Wednesday and demanded an increase in supply. The association delegation led by President Manik… Continue reading Entrepreneurs reach NRB demanding increase in gold supply