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ECONOMY

NRB bringing IRs 1b by Jan-end

KATHMANDU, Jan 6: Nepal Rastra Bank (NRB) is bringing in Indian Rs 1 billion from India to improve the supply of Indian currency which has worsened following the Indian government's November 8, 2016 decision to withdraw 1,000- and 500-rupee banknotes from circulation.
Jan 05, 2017
ECONOMY

World stocks hit 1-1/2 year high after strong China data

LONDON, Jan 5: World stocks hit their highest level since mid-2015 on Thursday after strong Chinese data added to the optimism about global growth and inflation that has been driving markets since the start of the new year.
Jan 05, 2017
ECONOMY, SPECIAL

NAC to start Kathmandu-Seoul flights from October

KATHMANDU, Jan 5: Nepal Airlines Corporation (NAC), the national flag carrier, is planning to launch flights between Nepal and South Korea after it recently received ‘take off and landing’ permission from a major South Korean airport.
Jan 05, 2017
ECONOMY

Banks seek NRB financing facility as liquidity tightens

KATHMANDU, Jan 5: Running out of funds to extend new loans due to liquidity crunch, banks are now turning up to Nepal Rastra Bank (NRB) for financing facility.
Jan 05, 2017
ECONOMY

Construction of Dharan Airport resumes

DHARAN, Jan 5: Construction of an airport in Dharan, which had been halted for more than a decade, has finally resumed.
Jan 05, 2017
ECONOMY

Ministry 'leaked' info to hydro developers

KATHMANDU, Jan 5: Minister for Energy Janardan Sharma endorsed directives at midday Wednesday, opening license applications for over 150 hydropower projects in 'government reserves'. But the information had already been leaked to some hydropower developers, it has come to light.
Jan 05, 2017
ECONOMY

More than 4300 mobile phone models get type approval

KATHMANDU, Jan 5: As many as 4,300 models of mobile phones have received type certification from Nepal Telecommunications Authority (NTA).
Jan 05, 2017
ECONOMY

Trade deficit with Egypt on the rise

KATHMANDU, Jan 4: Nepal’s trade deficit with Egypt is increasing with every passing year.
Jan 05, 2017
ECONOMY

Kumari Bank to distribute 21 percent bonus shares

KATHMANDU, Jan 4: The board of directors of Kumari Bank Ltd (KBL) has proposed to distribute 21 percent bonus shares and 1.1 percent cash dividend (for tax purpose) to the bank's shareholders from the profit earned in Fiscal Year 2015/2016.
Jan 04, 2017
ECONOMY

Pokhara to be declared load-shedding free

KATHMANDU, Jan 4: Buoyed by success in the Kathmandu Valley, Nepal Electricity Authority (NEA) is implementing a plan to end load-shedding in Pokhara.
Jan 04, 2017