My Republica

Sagar Ghimire

Ghimire is associated with Republica, English National Daily, since November 2013. He reports and writes on banking, financial, cooperatives, labor, foreign employment and Mount Everest expedition issues.     
Twitter: @sagarghi

sagar.use@gmail.com

Govt tells banks to halt recovery of loans from businesses impacted by COVID-19 until mid-April

Published On: March 26, 2020 05:30 AM NPT By: Sagar Ghimire

KATHMANDU, March 25: Banks and financial institutions (BFIs) will now halt the recovery of loan installment until mid-April (Chaitra end).

Small businesses are first casualties of COVID-19 outbreak

Published On: March 24, 2020 10:30 AM NPT By: Sagar Ghimire

KATHMANDU, March 24: As the country braces for a partial lockdown in the wake of a possible risk of COVID-19 outbreak, many small businesses in the capital city have already downed their shutters.

Is the 8.5 pc growth target achievable?

Published On: February 23, 2020 08:39 AM NPT By: Sagar Ghimire

KATHMANDU, Feb 23: Upbeat with the economic growth rate in the last three years which remained higher than an average of more than six per cent, the government has set its sight on a growth rate of 8.5 per cent in the current fiscal year 2019/20.

NRB to crack down on ‘illegal’ payments for social media ads

Published On: February 1, 2020 07:48 AM NPT By: Sagar Ghimire

KATHMANDU, Feb 1: Nepal Rastra Bank (NRB) has announced that it will take action against those making or receiving international payments for advertisements on the internet and in social media like Facebook, Twitter and YouTube as well as online portals.

Chinese tourist arrivals to slump as Beijing halts group outbound travel

Published On: January 26, 2020 08:05 AM NPT By: Sagar Ghimire

KATHMANDU, Jan 26: In what appears to be a major setback for the country which is celebrating the ‘Visit Nepal Year 2020’, the arrival of Chinese tourists in groups is likely to come to a halt from Monday.

Govt asks Sajha to return Rs 3b meant for buying 300 electric buses

Published On: January 24, 2020 07:35 AM NPT By: Sagar Ghimire

KATHMANDU, Jan 24: The government has decided to retrieve the Rs 3 billion it had provided to Sajha Yatayat six months ago to purchase 300 electric buses.

IMF projects Nepal’s economic growth to moderate to 6%

Published On: January 18, 2020 11:42 AM NPT By: Sagar Ghimire

KATHMANDU, Jan 18: The International Monetary Fund (IMF) has said that the economic growth of Nepal will moderate to 6% in the current fiscal year 2019/20.

Financial institutions report 1,351 suspicious transactions in FY 2018/19

Published On: January 15, 2020 07:37 AM NPT By: Sagar Ghimire

KATHMANDU, Jan 15: The number of reports on suspicious transactions that the Financial Information Unit (FIU) under  Nepal Rastra Bank  received in  fiscal year 2018/19 has jumped by 52 percent to 1,351.

10 percent VAT rebate on electronic payments

Published On: January 11, 2020 08:06 AM NPT By: Sagar Ghimire

KATHMANDU, Jan 11: Consumers who make purchases through electronic means will now be able to get a 10 percent rebate on the 13 percent VAT they have paid to the government.

20 useful apps for 2020

Published On: January 1, 2020 01:55 PM NPT By: Sagar Ghimire

There are thousands of applications for both iOS- and Android-powered smartphones. From apps of banks to e-commerce platforms, they have become a part of daily life with the growing use of smartphone and the Internet.

20 development projects that will be watched in 2020

Published On: January 1, 2020 10:00 AM NPT By: Sagar Ghimire

In 2020, two national pride projects – Upper Tamakoshi Hydropower Project and Gautam Buddha International Airport project – are set to be completed. The construction of some other promising projects will kick-off. Authorities will have to expedite works for some projects amid their looming deadlines. Even the current pace of the progress of few development projects will bring them closer toward the completion. Here are 20 development projects that will be watched closely in the year 2020.​

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.

What Global IME Bank’s big merger may mean for other banks

Published On: December 7, 2019 08:05 AM NPT By: Sagar Ghimire

KATHMANDU, Dec 7: After completing the process of merger with Janata Bank Ltd, Global IME Bank Ltd has emerged as the biggest bank in terms of key financial indicators including capital, deposits and assets (loans).

Govt bars firms from making int'l payments for software services

Published On: November 11, 2019 07:47 AM NPT By: Sagar Ghimire

KATHMANDU, Nov 11: With the Nepal Rastra Bank (NRB) halting foreign exchange facility to various businesses since the past few months, many firms, especially those with foreign investments, are facing difficulty in making payments to their suppliers for the purchase, repair or renewal of their software programs bought from international companies.

India dilly-dallies on exchange facility for Nepal

Published On: November 8, 2019 05:10 PM NPT By: Sagar Ghimire

KATHMANDU, Nov 8: Friday marks the third anniversary of India's sudden announcement to demonetize banknotes of IRs 1,000 and 500 denominations.

Deputy Governor suspended with formation of inquiry committee

Published On: November 5, 2019 10:25 AM NPT By: Sagar Ghimire

Government move, apparently aimed at firing Shiba Raj Shrestha, follows a request from DoMLI over a money laundering offense

NRB Deputy Governor suspended after formation of inquiry committee

Published On: November 4, 2019 12:51 PM NPT By: Sagar Ghimire

KATHMANDU, Nov 4: Nepal Rastra Bank’s board meeting held this morning has formed an inquiry committee to probe into allegations made against the central bank’s deputy governor Shiba Raj Shrestha.

NRB Deputy Governor likely to get suspended amid allegation of threatening financial stability

Published On: November 4, 2019 08:16 AM NPT By: Sagar Ghimire

KATHMANDU, Nov 4: The government has instructed Nepal Rastra Bank (NRB) to start an inquiry into Shiba Raj Shrestha, a deputy governor of the central bank, accusing him of ‘working in a way that threatens the financial stability’ of the country.

Government eyes 80th rank in next year’s Doing Business Index

Published On: October 26, 2019 07:45 AM NPT By: Sagar Ghimire

KATHMANDU, Oct 26: Upbeat with Nepal’s improvement in Doing Business Index of 2020 by 16 notches to 94th in global ranking, the government is setting a target of bringing the ranking below 80th position next year.

Nepal jumps 16 places to become 94th easiest country for ‘doing business’

Published On: October 25, 2019 10:57 AM NPT By: Sagar Ghimire

KATHMANDU, Oct 25: Nepal has moved up 16 places in the World Bank’s Doing Business index for 2020 and ranked 94th among 190 economies in the world.