Category: Finance

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

Kathmandu: The government has revised the budget for the current fiscal year. Modifying the budget points brought by the budget ordinance, the government has brought a budget replacement bill of Rs. 1,632.83 billion. Finance Minister Janardan Sharma has reduced the debt target by Rs 37 billion through the budget.

Kathmandu: On Sunday, the first day of the week, the stock market fell to a high point. The Nepse index, which has been declining since the start of trading, has declined by more than 108 points at the close of trading day. The Nepse index has dropped by 108.26 points to 2,818.72 points. In the… Continue reading The stock market plunged by more than 30 points

Kathmandu: The government has urged the US government to clarify the “controversial issues” in the Millennium Challenge Corporation (MCC) agreement. The Treasury Department has written to the US government urging it to clarify some of the ambiguities in the agreement. The letter asked the government to clarify whether the MCC was part of the US… Continue reading Govt writes a letter to US asking clarification on MCC’s “disputed” issues

Kathmandu: The use of face shields, which is mandatory for domestic air travel, has been removed. The Airline Operators Association Nepal (AOAN) has stated that the mandatory use of face shield has been removed with effect from September 1 (Wednesday). The airlines have stopped distributing the face shields saying that the face shield has not… Continue reading Air passengers no longer have to wear face shield