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

Nepal slips 19 places in logistic performance index

Published On: June 30, 2016 10:07 AM NPT By: Sagar Ghimire

KATHMANDU, June 29: Nepal has slipped 19 places to 124th out of 160 countries in the Logistic Performance Index (LPI) of 2016 published by the World Bank.

Few takers for subsidized quake loans to rebuild homes

Published On: June 29, 2016 04:30 AM NPT By: Sagar Ghimire

KATHMANDU, June 29: Though the devastating earthquakes last year damaged nearly 800,000 houses, only 18 individuals have taken advantage of a subsidized loan scheme under which only 2 percent interest is charged.

Provision to license micro insurance firms proposed

Published On: June 28, 2016 12:00 PM NPT By: Sagar Ghimire

KATHMANDU, June 28: The government is introducing a provision to license micro insurance companies in a new law that it is drafting to replace the existing Insurance Act, 1992.

Some Oriental Cooperative victims for allowing Basnet to reopen his offices

Published On: June 27, 2016 01:01 PM NPT By: Sagar Ghimire

KATHMANDU, June 26: A group of depositors, who have lost their money in the troubled Oriental Cooperative Ltd, is now lobbying actively to allow Oriental and other firms owned by its disgraced promoter Sudheer Basnet to resume operation.

Govt to meet borrowing target despite poor spending

Published On: June 23, 2016 11:09 AM NPT By: Sagar Ghimire

KATHMANDU, June 22: Despite its poor spending capacity, the government will raise domestic debt as per the target set in Fiscal Year 2015/16.

BAFIA amendment bill back at Finance Committee for review

Published On: June 22, 2016 10:28 AM NPT By: Sagar Ghimire

KATHMANDU, June 21: Following widespread criticisms of some of the provisions in a bill to amendment the Bank and Financial Institution Act (BAFIA), a full house meeting of the parliament on Tuesday sent the bill back to the parliament’s Finance Committee for further discussion and revision.

Lumbini to get clean-energy public transport

Published On: June 21, 2016 09:57 AM NPT By: Sagar Ghimire

BHAIRAHAWA, June 20: The government says it is planning to introduce electricity-based public transport services for tourists and local residents in the Lumbini area.

Construction material shortage to stop Gautam Buddha Int’l Airport upgrade

Published On: June 20, 2016 09:10 AM NPT By: Sagar Ghimire

BHAIRAHAWA, June 20: The government’s apathy toward arranging construction material for the Gautam Buddha International Airport (GBIA) is likely to bring construction work on the national pride project to a complete halt.

BAFIA amendment to allow foreign promoters of Nabil Bank, NMB Bank to retain stakes

Published On: June 14, 2016 03:40 PM NPT By: Sagar Ghimire

KATHMANDU, June 13: A bill at the parliament to amend the Banks and Financial Institutions Act (BAFIA) could pave the way for existing foreign investors who are non-banking and non-financial institutions to retain their stakes in the bank and financial institutions (BFIs) in Nepal.

Nepalis in South Korea, Israel still remitting money thru Hundi

Published On: June 10, 2016 09:47 PM NPT By: Sagar Ghimire

Difficulty for operation of remittance companies there blamed KATHMANDU, June 11: With remittance companies finding it difficult to expand their operation, Nepali living in the countries like Hong Kong, South Korea, Australia and Israel are using Hundi system to send their hard-earned money back home. According to stakeholders, the difficult process for remittance companies to expand presence in these countries where a large number of Nepali are currently living and working to start their operation is helping to flourish informal remitting system like Hundi.  Lack of domestic companies in the destination countries, particularly South Korea and Israel, leaves Nepalis there with no option but to use Hundi system.