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ECONOMY

NICCI welcomes central bank’s move to ease dividend repatria...

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NICCI expressed its appreciation following a series of long-standing concerns it had raised with the central bank.
3 days ago
ECONOMY

NRB eases FDI rules, allows Nepali IT firms to invest abroad

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By amending the Nepal Rastra Bank Foreign Investment and Foreign Loan Management Bylaw, 2021, the central bank has removed the requirement for foreign investors to obtain prior approval from the NRB to bring foreign currency into Nepal or repatriate funds.
3 days ago
ECONOMY

Govt earnings from interest tax plunges 15.76 percent in fiv...

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The government earned Rs 12.61 billion from tax imposed on interest earned by depositors of the BFIs during mid-July and mid-December this year.
3 days ago
ECONOMY

Riverside Hydro Energy to issue IPO, calls AGM on Jan 6

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The company has scheduled the AGM for January 6, where shareholders will deliberate on four ordinary and three special agendas. One of the key proposals is to approve the issuance of an IPO equivalent to 20 percent of the company’s paid-up capital.
3 days ago
ECONOMY

Nearly 90% of hotel rooms booked as Pokhara sees tourism sur...

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Hoteliers expect hotels of all categories to remain largely occupied until the New Year, with the positive impact likely to continue for about a week. “Almost all hotels in Pokhara will have guests over the next few days. The situation is very encouraging,” said Lakeside-based hotelier N...
3 days ago
ECONOMY

Delay in road maintenance will invite penalties: Minister Gh...

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Speaking at the 23rd anniversary of the Road Board Nepal, Minister Ghising said contracts could also be cancelled if contractors repeatedly fail to meet timelines. He noted that the government has already terminated agreements with some contractors who secured projects at low cost but failed to deli...
3 days ago
ECONOMY

Govt supplies 243,000 metric tonnes of chemical fertiliser t...

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The Ministry of Agriculture and Livestock Development (MoALD) said that out of the budget earmarked for fertiliser procurement in the current fiscal year, the government invited bids to purchase 466,000 metric tonnes of chemical fertiliser, of which 243,000 metric tonnes have already been distribute...
3 days ago
ECONOMY

New criteria set for multi-year project approval: Minimum co...

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According to the Ministry of Finance, projects with an estimated cost below Rs 500 million will no longer qualify for multi-year contract approval. However, in the case of government building construction or service procurement projects, the minimum cost requirement has been set at Rs 200 million.
3 days ago
ECONOMY

Rs 2.19 billion approved to rebuild flood-damaged roads in I...

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The funding approval was granted in response to a proposal submitted by the Ministry of Physical Infrastructure and Transport for the rehabilitation of damaged roads and bridges.
3 days ago
ECONOMY

Attack on BFIs worrying: Nepal Bankers’ Association

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During a programme organized by the Society of Economic Journalists, Nepal (SEJON) on 'banking sector and way forward' in Kathmandu on Monday, Koirala viewed, financial and banking sector as facing challenges after the intimidation of bank employees over loan issues.
4 days ago