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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 pursues MoU with UAE, Oman on sending workers

Published On: February 6, 2019 10:35 AM NPT By: Sagar Ghimire

KATHMANDU, Feb 6: The government has given impetus to the process of signing memorandum of understanding (MoU) on employment for Nepali workers with Oman and the United Arab Emirates (UAE).

Enroll migrant workers in provident fund, social security schemes, govt told

Published On: January 30, 2019 09:24 AM NPT By: Sagar Ghimire

KATHMANDU, Jan 30: A high-level task force formed to study the possibility of enrolling workers going for foreign employment in the country’s social security system has recommended to the government to include them in foreign employment provident fund and various social security schemes of the government.

Govt pays Rs 758m in interest subsidy for agro-livestock loans

Published On: January 20, 2019 09:05 AM NPT By: Sagar Ghimire

KATHMANDU, Jan 20: The government has disbursed  Rs 758.2 million in interest subsidy for loans floated under a concessional credit scheme for certain agricultural and livestock businesses.  It bears five percent of the interest for loans disbursed by banks and financial institutions.

Card payments in India for Nepalis limited to IRs 100,000 a month

Published On: December 26, 2018 08:32 AM NPT By: Sagar Ghimire

KATHMANDU, Dec 26: Nepal Rastra Bank (NRB) has set a limit on the payments that a Nepali national can make in India through electronic cards such as credit, debit and prepaid as well as point of sale (PoS).

Panel formed to look into financial instability submits 58-point recommendations

Published On: December 20, 2018 07:53 AM NPT By: Sagar Ghimire

KATHMANDU, Dec 20: A committee formed by the Ministry of Finance to look into the recent financial markets volatility has submitted its report to the Minister for Finance Yuba Raj Khatiwada.

IMF projects economic growth at 6.5 percent

Published On: December 14, 2018 09:00 AM NPT By: Sagar Ghimire

KATHMANDU, Dec 14: The International Monetary Fund (IMF) has made an upward revision to its forecast of Nepal’s economic growth rate to 6.5 percent, from 5 percent that it projected in World Economic Outlook published earlier in October.

'We would like to be involved in railway projects in long run'

Published On: December 9, 2018 09:16 AM NPT By: Sagar Ghimire

European Investment Bank (EIB) is the public bank owned by 28 member countries of the European Union. The EIB supports investment in 160 countries worldwide. In Asia, it focuses on support for climate-related investment. Nearly 14 percent of its investment is outside the EU including Asia. The EIB has provided more than 190 million euro for energy investment across Nepal over the last five years.

Finance minister tells Doing Business mission team to revise methodology

Published On: December 1, 2018 08:24 AM NPT By: Sagar Ghimire

KATHMANDU, Dec 1: Minister for Finance Yuba Raj Khatiwada has said that the World Bank needs to revise the basis and methodology of its Doing Business country rankings.

PM launches social security scheme, calls it new era for country

Published On: November 28, 2018 06:00 AM NPT By: Sagar Ghimire

KATHMANDU, Nov 28: The government has launched a social security scheme that multiple stakeholders have hailed as a 'milestone' in the country's labor relations and social protection for workers employed by the private sector.

Contributory social security scheme to cover private sector

Published On: November 24, 2018 11:18 AM NPT By: Sagar Ghimire

KATHMANDU, Nov 24: Employees in all private sector firms will now be enrolled in a contribution-based social security scheme.

World Bank sending mission to Nepal on Doing Business ranking

Published On: November 20, 2018 08:23 AM NPT By: Sagar Ghimire

KATHMANDU, Nov 20: The World Bank has confirmed that it is sending a technical mission to Nepal next week to discuss its recent Doing Business report upon the request of the government.

Finance Minister Khatiwada takes a jab at Doing Business report

Published On: November 18, 2018 10:05 AM NPT By: Sagar Ghimire

KATHMANDU, Nov 18: Criticizing the World Bank Group's Doing Business Report 2019 that sent Nepal's performance in the global ranking five spots down, Minister for Finance Yuba Raj Khatiwada has vowed to make the Washington-based multilateral development bank review its ranking for the country.

Govt Rs 150b short for housing grants

Published On: November 17, 2018 07:47 AM NPT By: Sagar Ghimire

MANTHALI, Nov 17: The government is going to face cash crunch to distribute grants to the earthquake survivors whose houses were destroyed in the 2015 earthquakes.

Foreign exchange limit for outbound Nepalis lowered to $1,500

Published On: November 7, 2018 06:30 AM NPT By: Sagar Ghimire

KATHMANDU, Nov 7: Nepal Rastra Bank (NRB) has reduced the maximum amount of foreign currency that a Nepali national can buy while going abroad.

Nepal’s performance on ease of doing business worsens

Published On: November 1, 2018 11:44 AM NPT By: Sagar Ghimire

KATHMANDU, Nov 1: Nepal has fallen five places down to the 110th spot in the World Bank’s latest global ranking on the ease of doing business.

Malaysian employers to bear all costs for Nepali worker: MoU

Published On: October 30, 2018 07:10 AM NPT By: Sagar Ghimire

KATHMANDU, Oct 30: Nepali workers going to Malaysia will not now have to pay a single rupee . Under a memorandum of understanding signed with Nepal on Monday, Malaysia has agreed to not place any financial burden on Nepalis bound for Malaysia for employment.

Malaysian minister arriving today to sign labor pact

Published On: October 28, 2018 07:14 AM NPT By: Sagar Ghimire

Nepal’s top foreign employment destination to bear all costs of workers

Bankers reluctant to bring down lending rates

Published On: October 13, 2018 09:00 AM NPT By: Sagar Ghimire

KATHMANDU, Oct 13: Though the Nepal Bankers Association (NBA) has decided to lower the cap for commercial banks on deposit rates, banks have shrugged off any suggestion to reduce their lending rate immediately.

House sub-committee find 'collusion' in fixing sugar price

Published On: October 12, 2018 05:25 AM NPT By: Sagar Ghimire

KATHMANDU, Oct 12: A sub-committee formed by the parliament's Public Accounts Committee (PAC) has concluded that various government officials and sugar mills had acted colluded to artificially drive up the price of sugar in the market.

Govt forms committee to sign tax treaty with various countries

Published On: September 23, 2018 04:05 AM NPT By: Sagar Ghimire

KATHMANDU, Sept 23: The government has taken a step toward signing the treaty for the avoidance of double taxation and prevention of fiscal evasion with various countries including the United Kingdom.