NRB tightens cash withdrawal through credit cards

Published On: May 3, 2022 05:03 PM NPT By: Republica

KATHMANDU, May 3: Nepal Rastra Bank (NRB) has restricted individuals from realizing cash and transferring to bank accounts the money transferred to mobile wallet platforms by using credit cards.

Bosch inaugurates sales liaison office in Nepal

Published On: May 3, 2022 04:15 PM NPT By: Republica

KATHMANDU, May 2: Bosch Limited, a supplier of technology and services in the mobility ecosystem, has inaugurated a sales liaison office in Naxal, Kathmandu. The opening of the sales liaison office in Naxal marks Bosch’s foray into Nepal, following a 100-year legacy in India.

Nepal-Malaysia Joint Working Committee meeting by June

Published On: May 3, 2022 07:45 AM NPT By: Republica

KATHMANDU, May 3: The Ministry of Labor, Employment and Social Security has said that Nepal will host the Nepal-Malaysia Joint Working Committee meeting within June this year.

KATHMANDU, May 2: Finance Minister Janardan Sharma has said that the conflict between the Ministry of Finance and the private sector over tax collection should end.

Nepse nosedives 48.73 points on Monday

Published On: May 2, 2022 05:21 PM NPT By: Republica

KATHMANDU, May 2: Nepal Stock Exchange (Nepse) on Monday fell by a whopping 48.73 points to close at 2,307.44 points.

58,348 foreign tourists arrived in Nepal in April

Published On: May 2, 2022 01:02 PM NPT By: Republica

KATHMANDU, May 2: The arrival rate of foreign tourists in Nepal has increased by 159.9 percent in April 2022 as compared to the corresponding period last year.

KATHMANDU, May 2: The Nepal Oil Corporation (NOC) has said that it is short of over Rs 10 billion to pay to the Indian Oil Corporation (IOC) for fuel imports in May 2022 after the  IOC sent the NOC new and revised rates of fuel prices.

KATHMANDU, May 2: Nepal’s export of processed palm oil along with the manufactured goods using this oil are likely to face a serious hit after Indonesia imposed a ban on the export of palm oil citing the ongoing shortage of edible oil triggered by the Russia-Ukraine war.

KATHMANDU, May 1: Nepal Rastra Bank (NRB) has started a detailed investigation into 1,556 ‘suspicious transactions’ reported by the banks and financial institutions (BFIs) and other institutions during the first eight months of the current fiscal year.

KATHMANDU, May 1: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has stated that industrialists in Nepal are in huge trouble due to 12 to 16 hours of load shedding in the industrial sector. The federation issued a press release on Saturday, requesting Nepal Electricity Authority (NEA) to solve the problem of power outage immediately.