Nepal Minute - out of the ordinary

Money & Finance

Nepal’s economy is beginning to heal now: Gajendra Bista, PhD, economist
Nepal’s economy is beginning to heal now: Gajendra Bista, PhD, economist "The federal government's normal expenses have outnumbered the revenues for the first time in 55...
Government announces Rs.2.5m loan scheme for start-ups
Government announces Rs.2.5m loan scheme for start-ups Entrepreneurs need to apply for loan before April 21
WorldLink gets Rs 1.98 billion foreign investment for internet expansion
WorldLink gets Rs 1.98 billion foreign investment for internet expansion The company plans to use the funds to accelerate its internet expansion activities across the...
NRB: Banks should remain open on emergency holidays
NRB: Banks should remain open on emergency holidays No penalty if the loan is paid within 30 days after the end of repayment...
Lending stumbles as high interest rates hit demand
Lending stumbles as high interest rates hit demand The lenders’ investments are limited to Rs100 billion in seven months, the lowest in six...
NRB policy review 'fails to lift' private sector morale
NRB policy review 'fails to lift' private sector morale The CNI says the central bank's failure to reduce interest rates has sapped industrialists' confidence
Govt slashes annual budget by 14 per cent to Rs1.549 trillion
Govt slashes annual budget by 14 per cent to Rs1.549 trillion Finance Minister Bishnu Paudel also reduces the revenue target by 12 per cent to Rs1.244...
Govt is set to announce revised annual budget this afternoon
Govt is set to announce revised annual budget this afternoon Finance Minister Bishnu Paudel has 'downsized' both expenditures and revenue target in the budget presented...
Central bank offers borrowers some leeway
Central bank offers borrowers some leeway Monetary policy mum on share loans; NRB official says 'we will address issues related to...
Nepal Rastra Bank will likely announce policy decisions Friday
Nepal Rastra Bank will likely announce policy decisions Friday The central bank is expected to adopt a more dovish stance in its second-quarter review
Nepal’s forex reserves up 8 per cent to $10.30 billion
Nepal’s forex reserves up 8 per cent to $10.30 billion The balance of payments has a surplus of Rs97.10 billion in the review period, compared...
Nepal’s first-half trade deficit tops Rs700 billion
Nepal’s first-half trade deficit tops Rs700 billion During the review period, Nepal logged a trade surplus with only 32 of the 148...
Monetary policy: Central bank prepares to solicit suggestions
Monetary policy: Central bank prepares to solicit suggestions NRB sources indicate the upcoming policy review could ease restrictions on margin loans to boost...
Governor suggests merger of state-controlled banks
Governor suggests merger of state-controlled banks The NRB chief says the three commercial banks with government stakes should take a long...
Nepal's foreign trade slides in first half of this fiscal
Nepal's foreign trade slides in first half of this fiscal Trade volume drops nearly 22 per cent to Rs873.47 billion from last year's Rs1.18 trillion...
Nepal's retail inflation rate slows to 7.38 per cent in December
Nepal's retail inflation rate slows to 7.38 per cent in December NRB's financial report indicates a decline in inflation for the last two months on the...
Banks to cut deposit rates starting Jan 15; loan rates after three months
Banks to cut deposit rates starting Jan 15; loan rates after three months The central bank mandates a 5 per cent gap between fixed deposit and savings interest...
'Sharp, long-term downturn to hurt developing countries'
'Sharp, long-term downturn to hurt developing countries' This would be the first decade with two worldwide recessions in over 80 years, says...
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