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

NRB’s big push for mergers raises big question of justification

Published On: July 18, 2019 07:13 AM NPT By: Sagar Ghimire

KATHMANDU, July 18: Nepal Rastra Bank (NRB) Governor Chiranjibi Nepal has put mergers of banks and financial institutions (BFIs) high on his agenda as the central bank prepares to unveil its monetary policy for fiscal year 2019/20.

Factories operating at 60% capacity, shows NRB report

Published On: July 11, 2019 08:07 AM NPT By: Sagar Ghimire

KATHMANDU, July 11: The average capacity utilization of Nepali factories has reached 60% over the first six months of the current fiscal year – FY2018/19, according to the latest study of economic activities of the country released by Nepal Rastra Bank (NRB) on Wednesday.

Seven banks submit NRB written commitment for 'big' merger

Published On: July 5, 2019 04:00 AM NPT By: Sagar Ghimire

KATHMANDU, July 5: Seven commercial banks have submitted their written commitment to the Nepal Rastra Bank (NRB) for merger in line with recent instruction of Governor Chiranjibi Nepal.

NRB seeks commitments of commercial banks for 'big' mergers

Published On: June 28, 2019 05:00 AM NPT By: Sagar Ghimire

KATHMANDU, June 28: Nepal Rastra Bank (NRB) has sought commitments from the commercial banks for their readiness to go for 'big' merger and acquisition (M&A) in line with the announcement made in the budget speech for the upcoming fiscal year 2019/20.

Gautam Buddha International Airport to be ready by year-end

Published On: June 24, 2019 05:30 AM NPT By: Sagar Ghimire

BHAIRAHAWA, June 24: If things go as planned, Gautam Buddha International Airport (GBIA) in Bhairahawa will be the first national pride project of the country to be completed.

Rs 2,025 billion per year needed to achieve SDGs, NPC estimates

Published On: June 22, 2019 07:58 AM NPT By: Sagar Ghimire

KATHMANDU, June 22: To achieve the sustainable development goals (SDGs), there will be an average investment requirement of Rs 2,024.8 billion per year until 2030, according to an estimate by the National Planning Commission (NPC).

Access to finance biggest obstacle to growth for private sector

Published On: May 31, 2019 07:49 AM NPT By: Sagar Ghimire

KATHMANDU, May 31: Access to finance has emerged as the biggest obstacle to Nepali firms after the country headed toward political stability and stable supply of electricity, a recent survey carried out jointly by Nepal Stock Exchange (Nepse) and The Milken Institute (MI) shows.

Finance minister defends funds for lawmakers

Published On: May 31, 2019 06:00 AM NPT By: Sagar Ghimire

KATHMANDU, May 31: Amid widespread criticism of the government decision to hike the development fund for lawmakers, Finance Minister Yuba Raj Khatiwada on Thursday defended the 'distributive' budget saying that the government cannot ignore voices of elected representatives in a democratic system.

Govt unveils ‘crowd-pleasing’ budget of Rs 1.53 trillion

Published On: May 30, 2019 07:22 AM NPT By: Sagar Ghimire

KATHMANDU, May 30: The government has unveiled a budget of Rs 1.53 trillion for the upcoming fiscal year 2019/20 without introducing any notable new development project while raising the rates of major taxes and increasing allocations for distributive programs.

China urges Nepal to embrace ‘pragmatic’ approach on digital payments

Published On: May 24, 2019 08:22 AM NPT By: Sagar Ghimire

KATHMANDU, May 24: China has urged Nepal to embrace a ‘very pragmatic approach’ to deal with foreign payment service providers and platforms including Alipay and WeChat Pay.

Lumbini pays tribute to former UN chief U Thant

Published On: May 18, 2019 07:35 AM NPT By: Sagar Ghimire

LUMBINI, May 18: It has been over five decades since then secretary general of the United Nations, U Thant, visited Lumbini and set in motion the UN’s initiatives for the development of Gautam Buddha’s birthplace.

Labour Force Survey finds 11.4 percent unemployment rate

Published On: April 27, 2019 08:52 AM NPT By: Sagar Ghimire

KATHMANDU, April 27: Nearly one million people, or 11.4 percent, out of the total working age population in Nepal are unemployed, according to a finding of the ‘Nepal Labour Force Survey (NLFRS) III’ carried out by the Central Bureau of Statistics (CBS).

New co-ops regulations lay out forceful merger provision

Published On: April 23, 2019 08:00 AM NPT By: Sagar Ghimire

KATHMANDU, April 23: The government has set standards on registration of new savings and credit cooperatives amid concerns about their growing concentration in urban areas.

Huge profit margin of telecom companies raises OAG’s eyebrow

Published On: April 14, 2019 07:53 AM NPT By: Sagar Ghimire

KATHMANDU, April 14: Telecommunication service providers in Nepal are charging exorbitant tariffs and prices to consumers for mobile and telephone services, according to the audit report of Office of the Auditor General (OAG).

NRB simplifies bank account opening process to support financial inclusion campaign

Published On: April 11, 2019 05:30 AM NPT By: Sagar Ghimire

KATHMANDU, April 11: Nepal Rastra Bank (NRB) has simplified the process of opening bank account as part of its effort to help the government in increasing people's access to finance.

Sugar mills tricked me into restricting imports: PM

Published On: April 9, 2019 05:00 AM NPT By: Sagar Ghimire

KATHMANDU, April 9: Prime Minister KP Sharma Oli has vented ire against sugar mill owners for 'tricking' him into imposing quantity restrictions on the import of sugar last year.

PM says sugar mill owners fostered black market

Published On: April 8, 2019 02:37 PM NPT By: Sagar Ghimire

KATHMANDU, April 8: Prime Minister KP Sharma Oli expressed dissatisfaction about how local middlemen escalated sugar prices after the government announced a ban on sugar import to promote local industries and farmers.

Govt to align upcoming budget with 15th periodic plan

Published On: April 5, 2019 03:30 AM NPT By: Sagar Ghimire

KATHMANDU, April 5: The National Development Council (NDC) meeting has endorsed the approach paper of 15th National Plan and a long-term vision paper with various 'ambitious' targets like achieving 10.2 percent economic growth and raising per capita income to $1,600 by the end of the five-year plan, among others.

Investment summit ends with 15 MoUs, announcements by investors

Published On: March 31, 2019 07:38 AM NPT By: Sagar Ghimire

KATHMANDU, March 31: The two-day ‘Investment Summit 2019’ concluded on Saturday with the signing of 15 memorandums of understanding (MoUs) with and among various investors, in addition to investment commitments to 17 various projects.

Investment Summit: PM Oli vows to protect int'l investments, 'guarantee' profits

Published On: March 30, 2019 06:30 AM NPT By: Sagar Ghimire

KATHMANDU, March 30: Prime Minister KP Sharma Oli has vowed to protect the investments of foreign investors in Nepal and 'guarantee' their profits, as part of the government efforts to woo foreign investment .