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ECONOMY

Bankers reluctant to bring down lending rates

KATHMANDU, Oct 13: Though the Nepal Bankers Association (NBA) has decided to lower the cap for commercial banks on deposit rates, banks have shrugged off any suggestion to reduce their lending rate immediately.
Oct 13, 2018
ECONOMY, SOCIETY

Village in eastern Rukum without a grain of rice

RUKUM, Oct 13: Dashain has arrived. However, there is 'not a single grain of rice' in their place, report the people of a remote village Pelma. They have no rice to prepare even the Dashain tika, they lament."
Oct 13, 2018
ECONOMY

‘Spanish experience in agriculture, water resources tourism...

KATHMANDU, Oct 12: Experts have pointed out that Nepal could learn much from Spain in the promotion of new knowledge in agriculture, tourism, water resources development, among others.
Oct 12, 2018
ECONOMY

NRNA’s expert convention begins today in capital

KATHMANDU, Oct 12: The ‘First Global Knowledge Convention’ of the Non-Resident Nepali Association (NRNA) is kicking start from today in the Capital.
Oct 12, 2018
ECONOMY

NFC starts selling goats and mountain goats for Dashain

KATHMANDU, Oct 12: The National Food Corporation (NFC) has fixed the prices for live goats and mountain goats at Rs 710 and Rs 510 per kg respectively.
Oct 12, 2018
ECONOMY, SOCIETY

House sub-committee find 'collusion' in fixing sugar price

KATHMANDU, Oct 12: A sub-committee formed by the parliament's Public Accounts Committee (PAC) has concluded that various government officials and sugar mills had acted colluded to artificially drive up the price of sugar in the market.
Oct 12, 2018
ECONOMY

Govt changing design of Bhairahawa, Nepalgunj ICPs

KATHMANDU, Oct 12: The government is revising the design of integrated check posts (ICPs) at Nepalgunj and Bhairahawa, realizing the need for sufficient spaces at the customs point to accommodate large volume of goods.
Oct 12, 2018
ECONOMY

Market ends week on a positive note

KATHMANDU, Oct 12: Nepal Stock Exchange (Nepse) index gained 9.95 points to close the week at 1,228.28 points on Thursday. Though stocks slid in the first trading hour, a midday rebound helped the benchmark index pare all its initial losses to end the week on a positive note.
Oct 12, 2018
ECONOMY

NBA lowers deposit rate cap

KATHMANDU, Oct 12: Following widespread complaints that banks have been reluctant to lower their interest rates despite being in a comfortable liquidity position, Nepal Bankers Association (NBA) -- the umbrella organization of 28 commercial banks -- has decided to bring the cap on deposit rates by 0...
Oct 12, 2018
ECONOMY

Vehicles worth over Rs 8 billion imported

BIRGUNJ, Oct 11: Vehicles worth Rs 8.28 billion were imported to Nepal from India and other third countries till the first two and a half months of the current fiscal year. Out of total revenue collected from the Birgunj Customs Office, 40 per cent revenue was collected from the vehicles, said Custo...
Oct 11, 2018