Fate of 550,000 workers uncertain as NRA nears term end

Published On: December 26, 2019 09:45 AM NPT By: Republica

​KATHMANDU, Dec 26: With final phase of post-quake reconstruction work approaching its end, officials of the National Reconstruction Authority (NRA) has said that the government should take initiative for rehabilitation of around 550,000 workers trained for reconstruction work.

Gold rises by Rs 600 per tola

Published On: December 26, 2019 09:36 AM NPT By: Republica

KATHMANDU, Dec 26: The price of gold increased by Rs 600 per tola (11.664 grams) and traded at Rs 72,800 per tola on Wednesday.

Govt picks Fitch Ratings for Nepal’s sovereign credit rating

Published On: December 26, 2019 08:30 AM NPT By: Sagar Ghimire

KATHMANDU, Dec 26: The government has picked Fitch Ratings, the American rating agency, for the sovereign credit rating of Nepal. The decision to select Fitch Ratings will pave the way for the global rating agency to assess the creditworthiness of Nepal, a first for the country.

Bhote Koshi starts commercial production

Published On: December 25, 2019 10:45 AM NPT By: Republica

SINDHUPALCHOWK, Dec 25: Bhote Koshi Hydropower Project in Sindhupalchowk district has started commercial generation after completion of renovation works.

DRI files cases to recover Rs 118.11 million in taxes, fine

Published On: December 25, 2019 10:20 AM NPT By: Republica

KATHMANDU, Dec 25: The Department of Revenue Investigation (DRI), in its recent move, has filed cases against number of firms and individuals on charge of defaulting taxes and misappropriating foreign currency that caused the state revenue loss of around Rs 118.11 million.

Market pares intraday gains as Nepse closes in red

Published On: December 25, 2019 10:19 AM NPT By: Republica

KATHMANDU, Dec 25: The Nepal Stock Exchange (Nepse) index traded mostly in green on Tuesday. The benchmark index climbed to the 1,175-point level three times in the session but failed to hold ground as the closing hours saw the index pull back sharply toward the negative territory. Eventually, Nepse closed the day 2.37 points lower at 1,166.21 points.

No personal loans with installment higher than 50% of income: NRB

Published On: December 25, 2019 10:09 AM NPT By: Republica

KATHMANDU, Dec 25: Bank and financial institutions (BFIs) must now factor in regular income of borrowers while floating personal-type loans, housing loans and hire purchase loans.

Stocks rally as Nepse gains 18 points

Published On: December 24, 2019 10:23 AM NPT By: Republica

KATHMANDU, Dec 24: Stocks saw strength since the beginning of Monday's trading session. The Nepal Stock Exchange (Nepse) index shot up more than 10 points to 1,160 points in the afternoon before retracing slightly. Nonetheless, a second rally toward the close hours pushed the Nepse index higher by almost 17.77 points at 1,168.58 points.

30,000 tourists enter Nepal through Rasuwagadhi

Published On: December 24, 2019 10:10 AM NPT By: HIMNATH DEVKOTA

RASUWA, Dec 24: More than 30,000 foreign tourists entered Nepal over the first 11 months of 2019 through the Rasuwagadhi border point.

BFIs pledge support to VNY2020

Published On: December 24, 2019 09:50 AM NPT By: Republica

KATHMANDU, Dec 24: Minister for Culture, Tourism and Civil Aviation, Yogesh Bhattarai has urged bankers and head of financial institutions to support and participate in 'Visit Nepal Year (VNY) 2020' campaign.