Nepal Minute - out of the ordinary

Money & Finance

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...
NTA instructs ISPs to block crypto, network marketing sites
NTA instructs ISPs to block crypto, network marketing sites The telecom regulator has warned of stringent action against anyone involved in such activities that...
Private sector requests central bank to go beyond guidelines
Private sector requests central bank to go beyond guidelines The FNCCI has demanded a reduction in interest rates to resolve the current liquidity crunch
Relief to borrowers as NRB revises working capital loan rules
Relief to borrowers as NRB revises working capital loan rules The amended guidelines allow businesses more than two years to adjust loans exceeding their working...
FM Poudel says economy isn’t out of control, vows to fix it 
FM Poudel says economy isn’t out of control, vows to fix it  FNCCI President Shekhar Golchha has advised the government to come up with immediate special measures
CNI office-bearers meet PM
CNI office-bearers meet PM The delegation suggested improvement in the country's economy should be the new government's first priority
Nepse posts double-digit growth on Poudel's appointment as FM
Nepse posts double-digit growth on Poudel's appointment as FM More than 5.6 million shares of 250 companies worth over Rs 2.9 billion are traded...
NEA exports power worth Rs11.16 billion 
NEA exports power worth Rs11.16 billion  The NEA has sold around 1.36 billion units of electricity in the 'day-ahead market' of...
Revenue office in Dhanusha struggles to collect taxes
Revenue office in Dhanusha struggles to collect taxes More than 66 percent of taxpayers in the district do not submit tax details regularly
Government spending tops Rs435 billion in five months
Government spending tops Rs435 billion in five months According to the Financial Comptroller General Office, the government has spent around Rs435 billion until...
Nepal’s remittance receipts up by 20 per cent to Rs378 billion in first four months
Nepal’s remittance receipts up by 20 per cent to Rs378 billion in first four months The central bank attributes the growth to a surge in the number of Nepalis taking...
FM Sharma urges private sector to join hands with govt to resolve economic problems
FM Sharma urges private sector to join hands with govt to resolve economic problems Nepal Rastra Bank Governor Maha Prasad Adhikari assures liquidity in the market will ease after...
Nabil first Nepali bank to extend services under India's TAP
Nabil first Nepali bank to extend services under India's TAP The new partnership means India’s Exim Bank will issue payment guarantee to the Letter of...
Nepal’s forex reserves up by 2.5 per cent since mid-July 
Nepal’s forex reserves up by 2.5 per cent since mid-July  The central bank’s macroeconomic update shows Rs1,246.22 billion in the country's foreign reserves in mid-October...
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