KATHMANDU, July 12: CPN Chairperson Pushpa Kamal Dahal urged the World Bank's representatives to consider investment in Nepal's highly prioritized sectors, stating that Nepal has already paved its path towards economic prosperity.

KATHMANDU, July 12: Various trade union federations have demanded the government revise the minimum wage for workers it had announced recently.

NRB moves to lower interest rates

July 12, 2018 06:05 am

KATHMANDU, July 12: Nepal Rastra Bank (NRB) has brought in monetary policy for the upcoming fiscal year 2018/19 with a number of measures aimed at addressing the skyrocketing lending rates in recent months.

KATHMANDU, July 12: The Nepal Rastra Bank (NRB) has introduced a provision in the Monetary Policy for Fiscal Year 2018/19 which allows banks to count loans against academic certificates, and higher education loans for students of marginalized and Dalit community, among others, as deprived sector lending.

KATHMANDU, July 12: Nepal Rastra Bank (NRB) has controlled the flow of investment of bank and financial institutions (BFIs) toward revolving type of credit including overdraft. Unveiling the Monetary Policy for Fiscal Year 2018/19, the central bank reduced the limit of personal overdraft loan to Rs 5 million from existing Rs 7.5 million.

KATHMANDU, July 12: Paddy transplantation in eastern tarai districts is lower this season compared to other parts of the country. According to the report, paddy transplantation has been done on 30,625 hectares of land in Jhapa, 13,200 hectares in Morang, 11,000 hectares in Sunsari, 8,100 hectares in Saptari and 10,145 hectares in Siraha so far.

KATHMANDU, July 12: Stocks got off to a strong start in the morning session on Wednesday, managing to move 15 points higher as the session progressed. However, the benchmark Nepal Stock Exchange (Nepse) index cut gains in the final trading hour to close flat. The index dropped 0.29 points to end at 1,205.64 points, recording a turnover of Rs 479 million.

BANEPA, July 12: Green pest management treatment method introduced from China has been found effective in controlling Chinese citrus flies that have been destroying Junar -- a variety of sweet orange -- in Sindhuli among other parts of the country.

KATHMANDU, July 11: Nepal Rastra Bank has reduced the spread in interest rate to 4.5 percent from 5 percent. Unveiling the monetary policy on Wednesday, according to the central bank, now the interest gap between the savings and the loan provided by banks will be 4.5 percent from the new fiscal year.

KATHMANDU, July 11: Banks and financial institutions can hereafter make a margin call only after reduction of the price by 20 percent according to monetary policy 2075/76.