Category: Finance

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

Kathmandu: The Government of Nepal and the World Bank signed two separate additional financing agreements of $50 million each today to support the implementation of the government’s flagship School Sector Development Program in the education sector and public management reforms in the health sector. The agreements were signed by Finance Secretary, Madhu Kumar Marasini on… Continue reading Govt and World Bank sign agreements of $50 mn each to strengthen school and health sectors

Kathmandu: Nepal Rastra Bank (NRB) has increased the limit of electronic payments. By issuing integrated directives in the name of banks and financial institutions today, NRB has made an arrangement to pay up to Rs 200,000 in one day through mobile banking and up to Rs 2 million on the same day through internet banking.… Continue reading Govt increases transactions limit on mobile and internet banking

Kathmandu: Janata Samajwadi Party Federal Council President and former Prime Minister Dr. Baburam Bhattarai said it would be in the national interest to ratify the Millennium Challenge Corporation (MCC) agreement. Speaking to reporters in the home district of Gorkha on Monday, Bhattarai said the MCC should be ratified as soon as possible by national consensus.… Continue reading Baburam Bhattarai opined MCC agreement should be ratified soon

Kathmandu: Vice President of Millennium Challenge Corporation (MCC) Fatima Sumar has called on Finance Minister Janardan Sharma. Vice President Sumar and Finance Minister Sharma met at the Finance Ministry in Singha Durbar on Saturday. Arriving in Kathmandu on Thursday, Sumar had earlier met the Chairman of the main opposition party CPN-UML and former Prime Minister… Continue reading MCC Vice President meets Finance Minister

Kathmandu: The government has introduced ‘Earning while StudyingProgram’ targeting students. The replacement bill of the budget ordinance brought by Finance Minister Janardan Sharma on Friday states that the ‘Earning while studying program’ will be introduced as a model in some schools in all the seven provinces. Initially, the program will be aimed at students studying… Continue reading Govt announces ‘Earning while Studying’ program for +2 students