Category: Finance

Kathmandu: In a Facebook Live broadcast from the Rastriya Swatantra Party office on Tuesday evening, Rabi Lamichhane, the chair of the fourth-largest party in parliament, addressed the recent cooperative funds misappropriation scandal. Lamichhane declared his readiness to implement recommendations made by the parliamentary special investigation committee, which, he asserted, found no evidence linking him to… Continue reading Rabi Lamichhane responds to cooperative funds scandal, ready to accept committee recommendations

Kathmandu: The International Monetary Fund (IMF) has called on Nepalese authorities to enhance monitoring of banks as the country works to recover from its economic slowdown. This recommendation follows a visit by an IMF team led by Sarwat Jahan on September 11-12, aimed at assessing recent macroeconomic developments and the implementation of programs supported by… Continue reading IMF urges Nepal to strengthen bank oversight amid economic recovery

Kathmandu: The inaugural Himalaya Shumsher Memorial Lecture, organized by the Nepal Rastra Bank (NRB), explored the evolving role of central banks in the modern economic landscape. The event honored Himalaya Shumsher Rana, the NRB’s first governor, who played a crucial role in shaping Nepal’s financial systems from 1956 to 1961. A senior official from the… Continue reading Central Banking in the 21st Century discussed at Inaugural Himalaya Shumsher Memorial Lecture

Kathmandu: The United States, through the U.S. Agency for International Development (USAID), has announced a $21 million Agricultural Direct Financing project aimed at enhancing food security in Nepal. This initiative is part of the U.S. Government’s new Global Food Security Strategy (GFSS) Nepal Country Plan for 2024-2028 and will focus on strengthening agricultural development in… Continue reading USAID launches $21 mn agricultural financing project to boost food security in Nepal

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