ECONOMY, Republica Watch, Latest Updates
Borrowers say Nabil deducting balance from accounts, flouting NRB rules
Borrowers say Nabil deducting balance from accounts, floutin...
KATHMANDU, March 12: Nabil Bank Limited has been found to be engaged in an ‘illegal practice’ in recovering loans from its borrowers.
Mar 12, 2020
SOCIETY, Republica Watch, Latest Updates
Govt lab can test only 500 cases a week for COVID-19
Govt lab can test only 500 cases a week for COVID-19
KATHMANDU, March 12: The government is slated to operate 24-hours call center to respond to public inquiries regarding the COVID-19 coronavirus from Friday.
Mar 12, 2020
WORLD, Coronavirus
China's coronavirus epicenter sees single-digit cases for first time
China's coronavirus epicenter sees single-digit cases for fi...
BEIJING/SHANGHAI, March 12: As the spread of the virus continues to slow, Hubei province announced on Thursday a further loosening of travel restrictions and will also allow some industries to resume production in two of its cities and two counties.
Mar 12, 2020
ECONOMY, Latest Updates
Birendranagar to produce organic fertilizer, bio-gas from garbage
Birendranagar to produce organic fertilizer, bio-gas from ga...
BIRNDRANAGAR, March 12: For the first time in Karnali State, Birendranagar Municipality is preparing to produce energy from garbage following a trilateral agreement of the municipality, Alternative Energy Promotion Centre and KP Commercial Service Company.
Mar 12, 2020
WORLD
Hong Kong dismisses U.S. criticism over human rights
Hong Kong dismisses U.S. criticism over human rights
HONG KONG, March 12: Hong Kong on Thursday dismissed U.S. criticism of its human rights practices, saying the Asian financial hub was “firmly committed” to upholding and safeguarding freedoms.
Mar 12, 2020
WORLD
Trump ban on travel from Europe escalates pain for airlines
Trump ban on travel from Europe escalates pain for airlines
WASHINGTON, March 12: President Donald Trump’s decision Wednesday to impose a 30-day ban on most Europeans entering the United States is the latest stunning setback for an airline industry that is reeling from a drop in bookings and a surge in people who are canceling reservations for fear of contra...
Mar 12, 2020
ECONOMY, Latest Updates
Government should invest in technology and infrastructure development
Government should invest in technology and infrastructure de...
Janak Sharma Poudyal is the CEO of Sunrise Bank Ltd. Republica talked with Poudyal to gain an insight about the aspects of cashless economy and how the government can benefit from the system, among other topics. Excerpts:
Mar 12, 2020
ECONOMY, Latest Updates
Digital payments will revolutionize Nepali economy
Digital payments will revolutionize Nepali economy
Sudeep Dhakal is the head of card and digital banking at Jyoti Bikash Bank Ltd. Republica caught up with Dhakal to talk about cashless economy and digital payments among other issues. Excerpts:
Mar 12, 2020
ECONOMY, Latest Updates
We foresee Nepal’s economy will be electronic in a few years
We foresee Nepal’s economy will be electronic in a few years
Reena Chand is the head of card center at Nepal Investment Bank Ltd. Republica caught up with Chand to talk about the benefits and challenges of a cashless economy, and the roles of stakeholders to make it successful among other issues. Excerpts:
Mar 12, 2020
ECONOMY, Interview
Cashless society helps track payments and prevent tax avoidance
Cashless society helps track payments and prevent tax avoida...
Ashoke SJB Rana is the CEO of Himalayan Bank Ltd, with almost three decades of banking experience. Republica caught up with Rana to talk about advantages and disadvantages of cashless economy, among other issues. Excerpts:
Mar 12, 2020