KATHMANDU, August 4: After opening firmly higher, the Nepal Stock Exchange (Nepse) index pulled back sharply but managed to trade in green in the morning. The benchmark witnessed lackluster trading thereafter, with the index hovering marginally in positive territory throughout Wednesday’s session. At the close, Nepse ended with a gain of 12.05 at 3,123.15.

Many BFIs not transparent in spending from CSR fund

Published On: August 4, 2021 07:10 PM NPT By: Republica

KATHMANDU, August 4: Most of the banks and financial institutions (BFIs) have been found concealing information related to the amount they spent on their corporate social responsibility (CSR).

KATHMANDU, August 4: Huawei has announced to invest US $ 100 million in the promotion of startups in the Asia Pacific region.

KATHMANDU, AUGUST 4: The Supreme Court (SC) has issued an interim order against the Social Security Fund (SSF), asking the authorities to halt the implementation of the mandatory rule for the employees of the private companies to be listed in the SSF.

Payment of COVID-19 insurance claims halted

Published On: August 4, 2021 03:09 PM NPT By: Republica

KATHMANDU, August 4: The payment of COVID-19 insurance claims has been postponed without fulfilling the obligation. The Nepal Insurers’ Association has issued a notice stating that the payment of COVID-19 insurance has been stopped. The association has stated that the payment of COVID insurance claims had to be postponed as the government has not released the amount.

Signing of Kathmandu-Raxaul Railway MoU postponed

Published On: August 4, 2021 01:23 PM NPT By: Republica

KATHMANDu, August 4: With the formation of a new government, the signing of a memorandum of understanding (MoU) to study the detailed feasibility of the Kathmandu-Raxaul Railway has been stopped. The signing of the MoU has been postponed due to Prime Minister Sher Bahadur Deuba’s inability to appoint a new Minister for Physical Infrastructure and Transport.

8 percent of food items in market unfit for consumption

Published On: August 4, 2021 01:18 PM NPT By: Dilip Poudel

KATHMANDU, August 4: Eight percent of the daily necessities sold and distributed in the market have been found unfit for human consumption. This was found through tests conducted by the Department of Food Technology and Quality Control (DFTQC) by collecting samples of food items being sold in the market.

KATHMANDU, August 4: The Postal Highway, one of the national pride projects, is going to miss another deadline of fiscal year 2022/23 as around 35 percent of the construction work is yet to be completed within the targeted deadline of the next two years.

Nepse ends in green as most sectors see gains

Published On: August 4, 2021 05:42 AM NPT By: Republica

KATHMANDU, August 4: The Nepal Stock Exchange (Nepse) index shot up in the morning on Tuesday before giving up early gains partially at mid-day. Stocks traded flat for most of the afternoon session. Nonetheless, a steady advance in the closing hours saw the index close firmly above 3,100 mark. At the close, the benchmark rose 26.02 points to settle at 3,111.09.

KATHMANDU, August 3: Finance Minister Janardan Sharma has urged the banks and financial institutions (BFIs) working closely with the people at the grassroots to reduce the interest rate on loans that they provide to the poor people.