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

Loan repayment period will be extended, Monetary Policy will meet the private sector’s expectation (WITH VIDEO)

Published On: July 2, 2020 11:30 AM NPT By: Sagar Ghimire

In an interview with Republica’s Sagar Ghimire on Monday, Governor Adhikari discussed the focus of the upcoming monetary policy, plans to provide relief and other facilities to businesses battered by the pandemic, efforts to lower interest rates and measures to safeguard financial stability during the crisis, among others.

Nepal Investment Bank wins legal case on guarantee payment of Rs 2.1 billion against Italian counterpart

Published On: June 10, 2020 11:03 AM NPT By: Sagar Ghimire

Release of the payment a major financial reprieve for the Nepali commercial bank that would otherwise required huge provisioning for losses

FinMin ends long-standing trend of expansionary budget as coronavirus puts a dent in financial resources

Published On: May 29, 2020 12:25 PM NPT By: Sagar Ghimire

KATHMANDU, May 29: The government has introduced a budget of Rs 1,474.64 billion for the upcoming fiscal year 2020/21 with a focus on spending to shore up the health care system and reviving the economy adversely impacted by COVID-19.

Economic Survey with ‘outdated’ data gives false narrative of economy hard hit by coronavirus

Published On: May 27, 2020 07:04 PM NPT By: Sagar Ghimire

KATHMANDU, May 27: The government unveiled the Economic Survey of the current fiscal year 2019/20 on Tuesday, its assessment of the performance of the country's various economic and financial indicators. But, reading this report in the end of May will take you back to mid-March, and gives you a false sense that the country's economy has been doing fairly well.

Govt plans a big budget despite pressure on finances

Published On: May 24, 2020 06:50 AM NPT By: Sagar Ghimire

KATHMANDU, May 23: Despite pressure on finances, the government is preparing a bigger budget for the next fiscal year 2020/21 compared to that of the last year.

IMF cuts Nepal's growth forecast to 2.5% due to COVID-19

Published On: April 15, 2020 01:20 PM NPT By: Sagar Ghimire

KATHMANDU, April 15: The International Monetary Fund (IMF) has also sharply lowered Nepal's growth forecast in response to the COVID-19 pandemic that threatens to wreak havoc on the global economy.

Govt struggling with recovery strategy amid looming uncertainties

Published On: April 10, 2020 08:15 AM NPT By: Sagar Ghimire

KATHMANDU, April 10: The government is yet to come up with a strategy or plan to revive the economy that is certain to be severely impacted by the COVID-19 pandemic.

Adhikari is new NRB Governor

Published On: April 7, 2020 04:05 AM NPT By: Sagar Ghimire

KATHMANDU, April 7: The government has appointed Maha Prasad Adhikari, who is currently the CEO of the Investment Board of Nepal, as the 17th governor of the Nepal Rastra Bank (NRB).

Govt announces economic relief measures to support poor, businesses hit by Covid-19

Published On: March 30, 2020 10:00 AM NPT By: Sagar Ghimire

KATHMANDU, March 30: The government has come up with a relief measures that aims to extend support to poor and vulnerable hit by the Covid-19 and government lockdown as well as measures to support the businesses and economy from the impact of the pandemic.

Govt slow to protect poor, counter economic impact of Covid-19

Published On: March 29, 2020 06:39 AM NPT By: Sagar Ghimire

KATHMANDU, March 29: Despite concerns over the risk of Covid-19 wreaking havoc on the economy, the government has become slow over its responses to come up with measures to tackle the economic fallout of the pandemic.

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.