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Broker license to bank subsidiary draws mixed reaction
Published On: July 15, 2018 07:45 AM NPT By: Republica
KATHMANDU, July 15: The recent announcement of the Nepal Rastra Bank (NRB) in its monetary policy for the upcoming fiscal year to allow commercial banks to work as brokerage firms has prompted mixed reactions from stakeholders.
Only five percent of tea farmers take loans to expand business: Report
Published On: July 14, 2018 09:21 AM NPT By: Republica
KATHMANDU, July 14: Although tea has been considered as a competitive product of the country, most of the tea farmers are apparently uninterested in expanding their business.
Nepse ends week lower despite increased market activity
Published On: July 14, 2018 08:34 AM NPT By: Republica
KATHMANDU, July 14: Nepal’s stock market failed to extend gains from the previous week as index ended all five trading days lower. Despite opening with strong gains on Sunday, the market pulled back sharply to close marginally lower. Similarly, the index experienced significant weakness in all following session of the week. As a result, Nepse closed at 1,191.98 points with a drop of 32.43 points compared to preceding week.
Nabil Bank signs MoU with NBI
Published On: July 14, 2018 08:29 AM NPT By: Republica
KATHMANDU, July 14: Nabil Bank Ltd has become the first bank to start the process to execute a provision laid out by the Monetary Policy for the upcoming Fiscal Year 2018/19 that requires banks and financial institutions (BFIs) to train assistant-level to officer-level staff on mandatory basis.
Farmers worried as India halts tomato exports via Kakarbhitta
Published On: July 14, 2018 07:46 AM NPT By: Bhim Chapagain
ILAM, July 14: A bulk of Nepal's vegetable exports via Kakarbhitta border point in eastern Nepal used to be tomatoes until the past fiscal year. However, with India stopping import of Nepali tomatoes, hundreds of farmers from Ilam district fear that their production this year will simply go waste with no one to purchase them.
Public shares to be listed immediately after allotment
Published On: July 14, 2018 07:41 AM NPT By: Republica
KATHMANDU, July 14: Securities Board of Nepal (Sebon) has introduced a new regulation on the listing and trading of securities, requiring companies to list their securities immediately after the allotment.
Govt to start 'special' market monitoring from Tuesday
Published On: July 14, 2018 06:05 AM NPT By: Republica
KATHMANDU, July 14: Nearly six months after coming to power, the KP Oli-led government is preparing to start a 'special' market monitoring targeting essential goods and services from Tuesday, the first day of the upcoming new fiscal year.
Consumers' committee surprises everyone, returns surplus money
Published On: July 14, 2018 03:05 AM NPT By: Daman Rai
KHOTANG, July 14: There are many cases where the officials of various consumers committee have been caught embezzling millions of rupees meant for development projects. Such irregularities have given a bad name to the consumers' committees.
Power generations from Trishuli, Devighat stations halts
Published On: July 13, 2018 12:24 PM NPT By: Republica
TRISHULI, July 13: A technical team comprising over 15 people from the Nepal Electricity Authority (NEA) has been working to repair damages caused by a fire to two hydropower stations based in Nuwakot district.
Government prepares to issue microinsurance license
Published On: July 13, 2018 07:34 AM NPT By: Sagar Ghimire
KATHMANDU, July 13: Similar to microfinance institutions that cater financial needs of low-income and rural individuals or groups, the government is preparing to license microinsurance companies that will bring plans to provide coverage to people of low-income groups and low-valued assets.
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