Local level basis of economic prosperity: DPM Mahara

Published On: July 10, 2017 04:44 PM NPT By: Republica

RATNANAGAR,July 10: Deputy Prime Minister and Minister for Foreign Affairs Krishna Bahadur Mahara has said that the local levels stand as a foundation of economic prosperity of the country.

KATHMANDU, July 9: Travelers to India except for treatment should use electronic cards or other banking instruments for exchange of currency above Indian Rs 50,000 from the next fiscal year.

Kangaroo Educational Foundation branch in Australia

Published On: July 10, 2017 08:22 AM NPT By: Republica

KATHMANDU, July 10: Kangaroo Educational Foundation on Sunday said that it has opened its first international branch office in Sydney of Australia.

50% power leakage in rural areas of Simraungadh

Published On: July 10, 2017 08:21 AM NPT By: Upendra Yadav

BARA, July 10: Rural areas under Simraunagadh and Kalaiya Electricity Distribution Center (EDC) have been facing up to 50 percent power leakage every day. The leakage causes power loss worth Rs 25 million per month, stated officials of Nepal Electricity Authority (NEA) at Kalaiya.

Lumbini Development Bank starts operation

Published On: July 10, 2017 08:17 AM NPT By: Republica

KATHMANDU, July 10: Lumbini Development Bank, a entity formed after the merger of Vibor Society Development Bank and Lumbini Finance and Leasing Company, formally started its operation from Sunday.

BIRGUNJ, July 10: Transmission line with 132 KV capacity between the Indian bordering city of Raxaul to Parwanipur of Parsa district in Nepal has yet to start even after six months of its construction and successful test transmission. Nepal Electricity Authority had declared last December that the transmission line was ready for supply of electricity.

NRB raises productive sector lending requirement to 25%

Published On: July 10, 2017 05:00 AM NPT By: Sagar Ghimire

KATHMANDU, July 10: Nepal Rastra Bank (NRB) has raised the lending requirement for commercial banks toward productive sectors by 5 percentage points to 25 percent of their total lending.

Veg prices fall on improved supplies

Published On: July 10, 2017 12:30 AM NPT By: Muna Sunuwar

KATHMANDU, July 10: Wholesale price of seasonal vegetables has plunged due to oversupply in the market.

Personal home loan limit upped to Rs 15 million

Published On: July 10, 2017 12:10 AM NPT By: Republica

KATHMANDU, July 10: Nepal Rastra Bank (NRB) has raised the ceiling for personal home loans to Rs 15 million.

Bajhang farmers rues lack of market

Published On: July 9, 2017 10:30 PM NPT By: Jagat Khadka

BAJHANG, July 9: Vegetables are rotting in farms as farmers in Bajhang are not finding market for their produce.