Category: Finance

Kathmandu: The Bankers’ Association has demanded that banks be given broker licenses. Suggesting to the Nepal Rastra Bank for the coming monetary policy for the coming fiscal year, they have said that there should be an initiative to give broker license to the banks. In some countries, banks have been acting as securities brokers. As… Continue reading Bankers Association demands to give broker license to the bank

Kathmandu: The Government of Nepal and the World Bank today signed a $150 million (Rs. 17.78 billion) concessional loan agreement to support Nepal’s resilient recovery from the COVID-19 pandemic, protect the most vulnerable, and support sustainable growth. The agreement was signed by the Finance Secretary, Sishir Kumar Dhungana on behalf of the Government of Nepal… Continue reading World Bank agrees to provide $150 mn for resilient recovery from Covid-19

Kathmandu: Nepal Oil Corporation (NOC) has again increased the price of petroleum products. The corporation has increased the selling price of petrol and diesel / kerosene by two rupees per liter. Now the price of petrol has reached Rs 127 and the price of diesel has reached Rs 110 per liter. The corporation has decided… Continue reading NOC again hike fuel price

Kathmandu: The Investment Board Nepal (IBN) has approved foreign investment of Rs 97 billion for two hydropower projects. The decision was taken at the 47th meeting of the Board chaired by Prime Minister and Chairman of the Investment Board Nepal. According to the Board’s Executive Director Sushil Bhatta, investment has been approved for the Upper… Continue reading IBN approves foreign investment wort Rs 97 bn

Kathmandu: Despite the declining rate of corona infections and widespread vaccination campaigns abroad, the government has stopped regular international flights and encouraged chartered flights. Taking advantage of this opportunity, the government has formed an investigation committee after complaints from some travel agencies that passengers were being charged exorbitant fares. According to ministry spokesperson Taranath Adhikari,… Continue reading Govt forms committee to investigate overcharging on international flights

Kathmandu: Nepal received 982 units of 10-liter oxygen concentrators, financed by the World Bank today. The concentrators are part of a long-term solution for augmenting Nepal’s capacities to supply therapeutic oxygen to public health facilities towards a stronger response to the COVID-19 pandemic. “I am very pleased that we have been able to quickly bring… Continue reading Nepal Receives 982 Oxygen Concentrators from World Bank

Kathmandu: Deputy Prime Minister and Minister for Foreign Affairs Raghubir Mahaseth said that Nepal’s graduation from the LDC category would be an important milestone in the country’s development trajectory. Addressing the ‘Joint Thematic Event of the UN General Assembly and Economic and Social Council on Least Developed Countries’ through a pre-recorded video, he expressed Nepal’s… Continue reading “Nepal’s graduation from LDC would be a milestone for country’s development”

Kathmandu: On Thursday, the Nepse index, which measures sharp fluctuations throughout the day, declined by only one point at the close. Of the 13 sub-indexes traded on Nepse, 7 sub-index have declined and 6 sub-index have increased. The largest development banks grew by 2.04 percent, while the most ‘other’ groups declined by 1.19 percent. Share… Continue reading Prices of 113 companies fell as Nepse fell by one point

Kathmandu: The World Bank’s Board of Executive Directors today approved a $150 million development policy credit to support Nepal’s resilient recovery from the COVID-19 pandemic, protect the most vulnerable, and support sustainable growth. “Amid the economic and social impacts of the pandemic, our priority is to provide immediate relief to affected populations and support Nepal’s… Continue reading World Bank supports Nepal with $150 mn for Pandemic response and recovery

BBC: The World Bank has rejected a request from El Salvador to help with the implementation of Bitcoin as legal tender. The international lender cited concerns over transparency and the environmental impact of Bitcoin mining. Earlier this month, the Central American country announced plans to become the first nation to formally adopt the digital currency.… Continue reading World Bank rejects El Salvador request for Bitcoin help