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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

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.

DFID-aided project funds profit-making banks to expand business

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.

Govt distributing subsistence allowance to unemployed citizens

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.

Households under risk of food insecurity to get identity cards

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.

Inflation falls to 14-year low of 4.2%

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.

Government mulls social security scheme for migrant Nepali workers

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.

Govt to develop 100 new tourist destinations this FY

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.

Government prepares to issue microinsurance license

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.

NRB moves to lower interest rates

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.

NRB tightens personal overdraft, resources to stock market

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.

Forceful merger on the cards for insurers that fail to shore up capital

Published On: July 7, 2018 05:35 AM NPT By: Sagar Ghimire

BANEPA, July 7: Beema Samiti -- the insurance sector regulator -- has said that it will direct insurance companies that fail to meet the new paid-up capital requirement within the specified deadline to pursue merger.