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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

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 .

Nepal Investment Summit 2019: Govt officials beat investment drum on the back of policy reforms

Published On: March 29, 2019 09:30 AM NPT By: Sagar Ghimire

KATHMANDU, March 29: Minister for Finance Yuba Raj Khatiwada has said that recent legal and regulatory reforms carried out by the government will make investing easier in Nepal.

Banks race to issue debentures to reduce reliance on deposits

Published On: March 28, 2019 08:28 AM NPT By: Sagar Ghimire

KATHMANDU, March 28: Many banks are opting for debenture as an instrument to collect funds as part of their efforts to address the shortage of lendable fund.

Japan formally opens door for employment for Nepalis in 14 sectors

Published On: March 26, 2019 06:00 AM NPT By: Sagar Ghimire

KATHMANDU, March 26: Nepal and Japan have signed a Memorandum of Cooperation (MoC) for sending 'specified skilled workers' (SSW) from Nepal to Japan.

Korean company to set up 4-wheeler assembly plant in Nepal

Published On: March 16, 2019 07:16 AM NPT By: Sagar Ghimire

KATHMANDU, March 16: The Investment Board of Nepal (IBN) has approved a proposal for foreign direct investment (FDI) worth Rs 10.54 billion from a South Korean firm, Motrex Co Ltd, for setting up a vehicle manufacturing and assembly plant in Nepal.

Farmers should come together to grow

Published On: March 3, 2019 11:10 AM NPT By: Sagar Ghimire

Dan Alluf, Mashav Counsellor, Science, and Agriculture, was in Nepal as a guest speaker for ‘Small Farmer Summit, 2019’ that concluded on Friday. Mashav is Israel’s International Development Cooperation

IMF for reining in rapid credit expansion

Published On: February 19, 2019 08:16 AM NPT By: Sagar Ghimire

KATHMANDU, Feb 19: The International Monetary Fund (IMF) has warned that prolonged rapid credit expansion by Nepal’s bank and financial institutions over the last few years has likely led to a build up of credit and liquidity risk.

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.