Distribution of wheat seeds as a grant to the farmers of Birganj

12 Manseer, Birganj. Birgunj Metropolitan City has distributed wheat seeds with 50 percent subsidy to farmers of 32 wards. It is distributing 30 metric tonnes of wheat seeds at the rate of Rs 35 per kg. The Agriculture Branch has informed that LL 971 seeds have been distributed to the farmers of all 32 wards.… Continue reading Distribution of wheat seeds as a grant to the farmers of Birganj

The President of the Chamber said that the ‘carteling’ of the Insurance Committee is not valid, it should be rectified immediately.

12 December, Kathmandu. Nepal Chamber of Commerce President Rajendra Malla has objected to the insurance committee’s carteling in reinsurance of insurance companies. The Insurance Committee on Friday issued instructions to insurers to reinsurance with foreign companies as soon as domestic reinsurance companies give permission. At present, only one Nepal Reinsurance Company is in operation and… Continue reading The President of the Chamber said that the ‘carteling’ of the Insurance Committee is not valid, it should be rectified immediately.

Need for guarantee of social security today: Chandra Dhakli

December 11, Kathmandu. Chandra Prasad Dhakal, senior vice president of Federation of Nepalese Chambers of Commerce and Industry (FNCCI), said that the problems and challenges seen in the contribution-based social security system should be addressed. Speaking on the occasion of four years anniversary of the introduction of contribution based social security system, he said that… Continue reading Need for guarantee of social security today: Chandra Dhakli

Plans to build ‘Signature’ bridge in Narayani stalled for five years

December 10, Kathmandu. There is a huge crowd on the bridge over the Narayani river in Chitwan’s Bharatpur near the UML General Convention site on Friday. 2038 BC The bridge built in New Delhi has become overcrowded and the police have been forced to remove and ‘skirt’ essential vehicles. However, if the government works as… Continue reading Plans to build ‘Signature’ bridge in Narayani stalled for five years

NRB tightens import of silver

December 10, Kathmandu. Nepal Rastra Bank (NRB) has set a limit on foreign exchange to be provided for import of silver. In its first quarter monetary policy review on Friday, the National Bank of Nepal (NBN) set a cap on the foreign exchange rate provided for import of silver through draft and TT. After such… Continue reading NRB tightens import of silver

‘Imports are rising, not just the banking sector, the economy is crumbling’

9 Manseer, Kathmandu. The problem of paucity of investible funds (liquidity) in the banking sector is increasing day by day. Liquidity in banks was like a shock due to Corona. After the lockdown opened, banks became more aggressive in lending. Banks have not been able to raise deposits to such an extent that they have… Continue reading ‘Imports are rising, not just the banking sector, the economy is crumbling’

Industrial growth weakened compared to 29 years ago

9 Manseer, Kathmandu. In the financial year 2049/050, 606 industries were established in Nepal in the same year. According to the Industries Department, out of the total investment of Rs 1.541 billion, 89,391 people will get employment in one go. According to the department, the total number of industries opened in a year about 29… Continue reading Industrial growth weakened compared to 29 years ago

Instruction of insurance committee to give monopoly to indigenous reinsurance company

9 Manseer, Kathmandu. Regulatory body Insurance Committee has given new instructions by directly interfering in reinsurance of insurance companies. The committee has directed the insurance companies to undertake reinsurance only in Nepal Reinsurance and Himalayan Reinsurance which are being prepared for operation. Insurance companies insure their customers. Insurance companies have to reinsure that insurance without… Continue reading Instruction of insurance committee to give monopoly to indigenous reinsurance company

Birganj industrialists demand to bring 20 years industrial policy

9 Manseer, Birganj. The entrepreneurs of Birganj have urged the government to bring a long-term industrial policy. Speaking at a program organized in Birganj on Thursday on the occasion of Industry Day, he said that 20 years or 40 years of industrial policy should be brought without any change in the political leadership. They argue… Continue reading Birganj industrialists demand to bring 20 years industrial policy

Preparing to cancel the appointment process of the Chairman of the Securities Board

9 Manseer, Kathmandu. Preparations have been made to cancel the appointment process of Nepal Securities Board, the regulatory body of the capital markets sector. The finance ministry is preparing to scrap the existing process of appointing the chairman through a new process. There is a provision to constitute a committee under the coordination of the… Continue reading Preparing to cancel the appointment process of the Chairman of the Securities Board