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Banks struggle to meet productive sector lending requirement
Published On: July 30, 2017 08:17 AM NPT By: Republica
KATHMANDU, July 29: Commercial banks are struggling to meet the directed-sector lending requirement as set by Nepal Rastra Bank (NRB).
Less than half paddy plantation in 10 Tarai districts
Published On: July 30, 2017 08:14 AM NPT By: Dilip Paudel
KATHMANDU, July 29: Tarai, known as the bread basket of Nepal, has not seen even 50 percent of paddy plantation in its different districts till the end of July.
Drought hits rice plantation in Banke
Published On: July 29, 2017 08:40 AM NPT By: Tekendra Basyal
KOHALPUR, July 29: Paddy saplings are drying up in seedbed as drought hits farms in Banke district.
Tourist arrivals up 28 percent in first half of 2017
Published On: July 29, 2017 02:06 AM NPT By: Arpana Ale Magar
KATHMANDU, July 28: After facing many ups and downs in the past couple of years, foreign tourist arrivals recorded a healthy growth of 28 percent in the first half of 2017. According to the Department of Immigration, Nepal welcomed a total of 460,304 foreign tourists via air in the first six months of 2017, compared to 359,672 in the first half of 2016.
155 BFIs go for mergers to meet capital requirement
Published On: July 28, 2017 08:15 AM NPT By: Republica
KATHMANDU, July 27: The new minimum paid-up capital requirement for bank and financial institutions (BFIs) gave the impetus to go for mergers and acquisitions.
Businesses blindsided by unclear GST rules in India
Published On: July 28, 2017 07:18 AM NPT By: Reuters
NEW DELHI, July 27: India’s nationwide Goods and Services Tax (GST) was meant to unify the $2 trillion economy and make it easier for companies to transact across state borders. Nearly a month on, many are finding that doing business is more complicated than ever.
Manpower agencies, legal provisions major hurdles for government says Home Minister
Published On: July 28, 2017 04:00 AM NPT By: Republica
KATHMANDU, JULY 27: The plan to set up a foreign employment unit under Nepal Police could be a game changer in ending the woes faced by migrant workers but the government looks certain to face multiple hurdles including legal complications.
Huge financial irregularities in targeted programs
Published On: July 28, 2017 02:15 AM NPT By: Mithilesh Yadav
LAHAN, July 27: The tendency of government agencies and local units leaving the development budget unused till the 11th month of the fiscal year and spending it all in the final month has been found in targeted programs including women empowerment programs.
Tax Settlement Commission followed no clear guidelines
Published On: July 28, 2017 02:00 AM NPT By: Republica
KATHMANDU, July 27: The Tax Settlement Commission was not adhering to any clear guidelines while negotiating tax receivables of Rs 30.52 billion, and its members were overconfident that they could do whatever they willed because their decisions were immune to investigations and disclosures.
No power cuts now onwards, Energy Minister says
Published On: July 27, 2017 06:23 PM NPT By: Republica
KATHMANDU, July 27: Energy Minister Mahendra Bahadur Shahi has said that the people will not have to face load-shedding now onwards.
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