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NRB wants BFIs to waive fines and late fees on outstanding dues of restricted period
Published On: May 18, 2021 06:46 PM NPT By: Republica
KATHMANDU, May 18: Nepal Rastra Bank (NRB) has sought to waive the cash fines and ‘late fees’ to borrowers of banks and financial institutions (BFIs) for the period of prohibitory orders provided they are unable to pay back the loan amount on time.
Slow pace of mechanization hinders commercialization of farm products in Nepal: Experts
Published On: May 17, 2021 07:35 PM NPT By: Republica
KATHMANDU, May 17: Despite various efforts taken by the government to drive Nepali agriculture to commercialization, the access of farmers to necessary tools and equipment still stands very low.
Goods worth Rs 7.87 billion traded via online system in the first nine months of the current FY
Published On: May 17, 2021 04:52 PM NPT By: Republica
KATHMANDU, May 17: The online transactions have taken pace after the country started facing disruption on in-person trading due to risk of the coronavirus infection.
NOC at loss even after repeatedly hiking prices of petroleum products
Published On: May 17, 2021 02:05 PM NPT By: Republica
KATHMANDU, May 17: Fuel prices rose in the international market amid the COVID-19 pandemic. The Nepal Oil Corporation (NOC) in line with the Indian Oil Corporation (IOC) increased the prices of all petroleum products except cooking gas from Sunday night. The corporation has been criticized for raising prices during the pandemic.
Bitcoin hits three-month low as Musk drives investors to exit
Published On: May 17, 2021 11:51 AM NPT By: Republica
LONDON, May 17: Bitcoin dropped to a three-month low on Monday as investors sold cryptocurrencies in the wake of Tesla boss Elon Musk's hinting over the weekend that the carmaker is considering or may have already sold some of its bitcoin holdings.
Nepal Army awards contract of Kathmandu-Tarai Fast Track construction to two Chinese companies
Published On: May 16, 2021 07:10 PM NPT By: Republica
KATHMANDU, May 16: Nepal Army (NA) has contracted two Chinese companies to construct the Kathmandu-Tarai Fast Track despite the parliamentary Public Accounts Committee (PAC)’s direction to stop the process on suspicion of irregularities, mainly in the second phase construction.
New budget won’t be brought through ordinance: PM Oli
Published On: May 16, 2021 06:05 PM NPT By: Republica
KATHMANDU, May 16: Prime Minister KP Oli on Sunday said that the annual budget 2021/22 will be introduced through the due parliamentary process amid growing concerns if the new fiscal year’s budget will come through an ordinance.
FinMin says budget programs that can face COVID-19 will be launched
Published On: May 16, 2021 10:25 AM NPT By: Republica
KATHMANDU, May 16: Reappointed Minister for Finance, Bishnu Prasad Poudel has said that he will bring next year's budget with programs to face COVID-19.
NRB issues refinance loans of Rs 123.14 billion in nine months of current FY
Published On: May 16, 2021 07:20 AM NPT By: Republica
KATHMANDU, May 16: Nepal Rastra Bank (NRB) has released a total of Rs 123.14 billion to 48,860 individuals under refinance schemes in the first nine months of the current fiscal year.
Stocks end week with gains stretching May rebound
Published On: May 15, 2021 08:00 PM NPT By: Republica
KATHMANDU, May 15: Stocks opened this week’s trading on a negative note stretching its decline from the prior week. The Nepal Stock Exchange (Nepse) index fell 18.50 points on Sunday. However, with back-to-back gains of more than 27 points on Monday and Tuesday, the benchmark recouped all of its losses from the prior three sessions notching its highest level in over 3 weeks. Gains tapered on Wednesday with the index eking out a 0.56 point’s gain. Further, the last trading day of the week saw an advance of 10.13 points pushing the index 46.88 points higher for the week. Nepse ended week’s trading at 2,684.01.
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