15 January, Kathmandu. Banks claim that the loan interest rate is only 1 per cent higher than before the COVID-19 pandemic, but rumors have run rampant. President of Nepal Bankers Association, Sunil KC said in an interaction organized by the association on Tuesday that in an economy like US, the interest rate of loan taken … Read more
11 January, Kathmandu. Nepal Land and Housing Development Federation has met the newly appointed Minister of Land Management, Cooperation and Poverty Alleviation, Rajendra Rai with a demand of 15 points. The team including Federation President Meenman Shrestha met Minister Rai on Wednesday and placed various demands. The federation has demanded that only real estate companies … Read more
8 January, Kathmandu. National ID card details will be collected from wards of Kathmandu Metropolitan City from January 10. Earlier, the details were collected from the National Assembly House. Tirtharaj Bhattarai, director general of the National Identity Card Department, said they have drawn up a plan with a target of starting work from a few … Read more
2 January, Kathmandu. In the first 6 months of the current financial year (FY) 2079/80, the government has collected only 32.71 percent of the target revenue. The highest collection has happened in the month of January. According to the Office of the Controller General, only one trillion 29 billion rupees revenue has been collected in … Read more
29 December, Kathmandu. The 41st Annual General Meeting of Nepal Stock Exchange Limited (NEPSE) has passed a resolution to distribute 100% cash dividend. The General Assembly held on Friday passed a resolution to distribute a cash dividend equal to one billion rupees at the rate of one hundred per cent of the paid-up capital of … Read more
29 December, Kathmandu. Even in the half-year period of the current financial year 2079/80, the implementation of the Prime Minister’s Employment Program has been seen to be weak. By the end of December, only 4 percent of the budget allocated for the employment program has been spent. For the current financial year, the government has … Read more
29 December, Kathmandu. The country, which has experienced high inflation since the first month of the current fiscal year (FY) 2079/80, appeared to be under control in the last month. According to the data published by Nepal Rastra Bank till November, the inflation rate in the middle of November was 7.38 percent. The inflation rate … Read more
29 December, Kathmandu. As the base rate rises along with the deposit interest rate, the loan interest rate becomes more expensive. In October itself, the weighted average interest rate on loans reached its highest level in almost 10 years, and further increased in November. On Friday, Nepal Rastra Bank released the report on the economic … Read more
29 December, Kathmandu. Balance of payments (current account) savings are also increasing due to import controls and increase in remittances. As the current account deficit continues to widen, the economy is under pressure from the external sector and liquidity pressures are gradually easing, while tight monetary policy is gradually loosening. The Economic Research Department of … Read more
29 December, Kathmandu. With the increase in remittances and reduction in imports, the reduction in trade deficit is improving foreign exchange reserves. The policy of controlling imports has led to reforms in the external sector to reduce the pressure of high imports on the external sector of the economy. The Economic Research Department of Nepal … Read more