‘Corona epidemic additionally reveals robust financial indicators’

14 June, Kathmandu. Although the corona virus an infection has brought on a really uncomfortable scenario, the financial indicators are robust. According to the Economic Survey for the present monetary yr 2077/78 launched by the Ministry of Finance on Friday, a lot of the monetary indicators are robust. In mid-February, liquid property accounted for twenty-four.48… Continue reading ‘Corona epidemic additionally reveals robust financial indicators’

Instructions to open all branches of the financial institution from tomorrow to Thursday

August 22, Kathmandu. All income assortment branches and counters of banks and monetary establishments shall be open from Tuesday to Thursday. The Department of Banking and Financial Institutions Regulation of Nepal Rastra Bank has directed banks to open all branches and counters for income assortment for 3 days. The authorities has requested taxpayers to pay… Continue reading Instructions to open all branches of the financial institution from tomorrow to Thursday

4.5 billion in deposits within the funding fund of residents

August 18, Kathmandu. The Citizen Investment Fund will maintain 4.5 billion rupees in mounted deposits. The fund on Thursday issued a public discover searching for a proposal from the financial institution to maintain deposits of Rs 4.45 billion. The fund has requested ‘A’ class industrial banks to submit a sealed proposal to the banks, stating… Continue reading 4.5 billion in deposits within the funding fund of residents

Microfinance branches develop like industrial banks, whereas progress banks shrink

August 15, Kathmandu. Branch community of microfinance establishments in Nepal is reaching the extent of business banks. According to Nepal Rashtra Bank, 500 branches have been added within the final one yr. Currently, based on the National Bank, the variety of branches of MFI has crossed 4,000. By the center of July 2076, there have… Continue reading Microfinance branches develop like industrial banks, whereas progress banks shrink

‘Vehicles should have loan up to 90%’

21 June, Kathmandu. The Nada Auto Mobiles Dealers Association has sought to provide up to 90 percent financial facility for the purchase of vehicles. The NADA has sought to make such arrangements in the monetary policy to be prepared by the Nepal Rashtra Bank for the coming financial year. Krishna Prasad Dulal, president of NADA,… Continue reading ‘Vehicles should have loan up to 90%’

Government showed feudal behavior – Vice President Shrestha

21 June, Kathmandu. Federation of Nepali Chambers of Commerce and Industry (FNCCI) vice-president Umesh Lal Shrestha has said that the government has shown feudal behavior by urging them to pay taxes. Vice-chairman Shrestha said it was wrong for the government to insist on paying taxes at a time when it was also difficult to meet… Continue reading Government showed feudal behavior – Vice President Shrestha

Government showed feudal behavior – Vice President Shrestha

21 June, Kathmandu. Federation of Nepali Chambers of Commerce and Industry (FNCCI) vice-president Umesh Lal Shrestha has said that the government has shown feudal behavior by urging them to pay tax. Vice-chairman Shrestha said it was wrong for the government to insist on paying taxes at a time when it was also difficult to meet… Continue reading Government showed feudal behavior – Vice President Shrestha

Entrepreneurial displeasure: Not allowed to do business, to pay taxes?

June 20, Kathmandu. The patience of the people following the government-declared bandh is now breaking. People who have to live with daily work have started taking to the streets demanding to loosen the wood. Buddhist traders staged a protest on Tuesday, demanding permission to open shops. Other traders are also preparing for the movement. He… Continue reading Entrepreneurial displeasure: Not allowed to do business, to pay taxes?

Public representatives, senior citizens shocked to give allowance

June 20, Kathmandu. The country is shameless. This time has become even more difficult for senior citizens who have to stay home without being able to go out at other times. Many senior citizens have not received the social security allowance provided by the government. There are two reasons for this. One – to shut… Continue reading Public representatives, senior citizens shocked to give allowance

NRB seeks suggestions, not proposes to refinance lucrative industry

June 20, Kathmandu. Nepal Rastra Bank is preparing to amend the refinancing procedure. The NRB is going to amend the work process by stating that only big industrialists and Kathmandu-focused industrialists have access to refinancing. The NRB has also prepared a draft to amend the work process. The NRB has requested a draft and a… Continue reading NRB seeks suggestions, not proposes to refinance lucrative industry