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World Bank projects Nepal’s growth rate to be 2.7 percent in current FY
Published On: April 1, 2021 06:30 AM NPT By: Republica
KATHMANDU, April 1: The World Bank (WB) has projected that Nepal will grow by 2.7 percent in the current fiscal year, which shows an improved recovery due to the government’s initiatives to check the spread of COVID-19 and going into prompt action to offer flexible monetary policies and fiscal stimuli.
Nepse stretches advance crossing 2,600 mark
Published On: March 31, 2021 08:01 PM NPT By: Republica
KATHMANDU, March 31: Stocks opened in green on Wednesday and continued to trade in green throughout the trading session. After climbing over 2,600 line, the Nepse index hovered around 2,610 in the afternoon. However, a surge in the final trading hour, saw the index close with a gain of 43.36 points to settle at 2,619.03.
Amid deepening rift within ruling CPN-UML, Madhav Nepal-led faction looking for separate office building
Published On: March 31, 2021 06:00 PM NPT By: Republica
KATHMANDU, March 31: Amid deepening rift within the ruling Communist Party of Nepal-Unified Marxist Leninist (CPN-UML), the Madhav Kumar Nepal-led faction of the party is preparing to set up its separate office.
EU-Nepal TIP to boost pashmina business in Nepal
Published On: March 31, 2021 11:58 AM NPT By: Republica
POKHARA, March 31: The EU-Nepal Trade and Investment Program (TIP) organised a workshop in Pokhara on 25 and 26 March 2021 in order to boost the pashmina business in Nepal.
Beni-Jomsom road to remain closed till Thursday
Published On: March 31, 2021 10:21 AM NPT By: Republica
MYAGDI, March 31: The Beni-Jomsom road, which connects the Himalayan district Mustang with the national highway, will remain closed till Thursday.
Govt to blacklist eight contractors
Published On: March 30, 2021 07:50 PM NPT By: Republica
KATHMANDU, March 30: Expressing strong dissatisfaction over the inordinate delay made in the construction works, the Public Procurement Monitoring Office (PPMO) has asked eight contractor companies to submit clarifications.
Nepse ends lower amidst subdued market activity
Published On: March 30, 2021 07:44 PM NPT By: Republica
KATHMANDU, March 30: The equity market opened in green and hovered around 2,560 mark for most of the beginning trading hours. The index saw further strength in the second half of the trading session with another upbeat advance. At the close, Nepse registered a gain of 32.15 points to settle at 2,5775.67.
PM Oli announces to raise elderly allowance from next fiscal year
Published On: March 30, 2021 05:16 PM NPT By: Republica
KATHMANDU, March 30: The government is all set to raise the amount for allowance of senior citizens from the next fiscal year starting from July 16.
340,000 tourists visit Langtang National Park in 42 years
Published On: March 30, 2021 12:15 PM NPT By: HIMNATH DEVKOTA
RASUWA, March 30: Over 340,000 tourists have visited the Langtang National Park in the past 42 years, according to the statistics maintained by the Park Office.
Investors continue to suffer due to delayed payments by brokerage companies despite rule of ‘T+2’
Published On: March 30, 2021 06:30 AM NPT By: Republica
KATHMANDU, March 29: The Securities Board of Nepal (Sebon) since last January enforced the ‘T+2’ Clearing and Settlement System, but many stockbrokers are found hardly implementing the rule of the regulator making the investors suffer by delayed payment.
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