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.
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.
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.
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.
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.
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.
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.
Published On: October 28, 2018 07:14 AM NPT By: Sagar Ghimire
Nepal’s top foreign employment destination to bear all costs of workers
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.
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.
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.
Published On: September 4, 2018 06:58 AM NPT By: Sagar Ghimire
KATHMANDU, Sept 4: Commercial banks that have been earning billions in annual profits are benefitting from grants from Sakchyam, a project funded by the UK’s Department for International Development (DfID) to increase access to finance for the poor.
Published On: August 29, 2018 10:27 AM NPT By: Sagar Ghimire
KATHMANDU, Aug 29: The government will provide unemployment allowance to jobless people if the bill to ensure people’s right to employment is enacted by the parliament.
Published On: August 24, 2018 07:46 AM NPT By: Sagar Ghimire
KATHMANDU, Aug 24: The government has proposed to distribute Food Support Identity Card to people vulnerable to food insecurity. A new bill registered by the government in parliament last week to ensure food security and food sovereignty includes a provision to issue such identification cards to people who are at the risk of food insecurity.
Published On: August 22, 2018 09:33 AM NPT By: Sagar Ghimire
KATHMANDU, Aug 22: The annual average inflation dropped to a 14-year low of 4.2 percent in the last fiscal year.
Published On: August 16, 2018 07:28 AM NPT By: Sagar Ghimire
KATHMANDU, Aug 16: The government is mulling over providing social security benefits for Nepali workers going abroad. As the government is moving toward implementing contribution-based pension system for government employees, Nepalis in foreign employment are also likely to be enrolled in social security schemes, including retirement saving plans, according to government officials.
Published On: August 4, 2018 07:19 AM NPT By: Sagar Ghimire
KATHMANDU, Aug 4: The Ministry of Culture, Tourism and Civil Aviation (MoCTCA) has plans to identify and develop 100 new tourist destinations across the country in the current Fiscal Year 2018/19.
Published On: July 13, 2018 07:34 AM NPT By: Sagar Ghimire
KATHMANDU, July 13: Similar to microfinance institutions that cater financial needs of low-income and rural individuals or groups, the government is preparing to license microinsurance companies that will bring plans to provide coverage to people of low-income groups and low-valued assets.
Published On: July 12, 2018 06:05 AM NPT By: Sagar Ghimire
KATHMANDU, July 12: Nepal Rastra Bank (NRB) has brought in monetary policy for the upcoming fiscal year 2018/19 with a number of measures aimed at addressing the skyrocketing lending rates in recent months.
Published On: July 12, 2018 05:25 AM NPT By: Sagar Ghimire
KATHMANDU, July 12: Nepal Rastra Bank (NRB) has controlled the flow of investment of bank and financial institutions (BFIs) toward revolving type of credit including overdraft. Unveiling the Monetary Policy for Fiscal Year 2018/19, the central bank reduced the limit of personal overdraft loan to Rs 5 million from existing Rs 7.5 million.