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

sagar.use@gmail.com

Sebon introducing ASBA from mid-January

Published On: November 9, 2016 12:50 AM NPT By: Sagar Ghimire

KATHMANDU, Nov 9: Securities Board of Nepal (Sebon) is implementing Applications Supported by Blocked Amount (ASBA) system on a voluntary basis from mid-January next year i.e. Magh 1.

Nepal passes 16 of 20 indicators of US MCC Scorecard 2017

Published On: November 5, 2016 01:20 AM NPT By: Sagar Ghimire

KATHMANDU, Nov 5: Nepal has met the requirements for 16 indicators out of 20 in the scorecard of the US Millennium Challenge Corporation (MCC) for fiscal year 2017, bolstering its prospect to be reselected for the funding of a compact program.

Worried of fund crunch, MFIs seek permission to mobilize deposits

Published On: October 24, 2016 02:40 AM NPT By: Sagar Ghimire

KATHMANDU, Oct 24: Microfinance institutions (MFIs) have sought permission to mobilize deposit from public after their traditional source of fund is likely to dry up following the new requirement for commercial banks to extend 2 percent of their total loans to deprived sector.

Nepali Americans celebrate Dashain

Published On: October 12, 2016 11:28 AM NPT By: Sagar Ghimire

NEW YORK, Oct 12: Nepali Americans have also celebrated Bada Dashain by putting tika and jamara on Dashami. Even being seven seas apart, the Internet has played a huge role in connecting families.

Four policy levers recommended to boost S Asia’s competitiveness

Published On: October 8, 2016 09:15 AM NPT By: Sagar Ghimire

WASHINGTON, Oct 7: South Asia can become the next manufacturing and export powerhouse if it increases the competitiveness, according to a new report by the World Bank.

WB report recommends four ‘policy levers’ to boost productivity, competitiveness of South Asia

Published On: October 7, 2016 10:44 AM NPT By: Sagar Ghimire

WASHINGTON DC, Oct 7: South Asia can become the next manufacturing and export powerhouse if it increases the competitiveness, according to a new report by the World Bank.

IMF lowers Nepal’s growth forecast to 4 percent

Published On: October 5, 2016 12:06 PM NPT By: Sagar Ghimire

WASHINGTON, DC, Oct 4: While the government says Nepal will achieve an economic growth of 6.5 percent in the current fiscal year, the International Monetary Fund on Tuesday projected that Nepal’s growth in the current fiscal year would rebound by only 4 percent.

New cooperatives bill tabled in parliament

Published On: October 1, 2016 09:00 AM NPT By: Sagar Ghimire

KATHMANDU, Sept 30: Taking cue from troubled cooperatives that landed into crisis due to weak governance, the government has proposed new measures in the new cooperatives bill to strengthen corporate governance and ensure internal control system in the cooperatives.

25% of migrant workers' earning goes to repay loans: NRB report

Published On: September 27, 2016 05:29 AM NPT By: Sagar Ghimire

KATHMANDU, Sept 27: Nearly 52.1 percent of Nepali migrant workers still rely on informal channel like local landlords and traders for loans to finance their foreign employment trip, requiring them to allocate a major chunk of their earnings for the repayment.

Remittances decline as number of outbound workers falls

Published On: September 23, 2016 03:36 AM NPT By: Sagar Ghimire

KATHMANDU, Sept 23: Remittance inflow has declined 2.5 percent in the first month of the current fiscal year 2016/17 to Rs 51.94 billion, indicating uneasy days ahead for the economy.

Cooperatives growth on a declining trend

Published On: September 21, 2016 02:31 AM NPT By: Sagar Ghimire

KATHMANDU, Sept 21: The growth rate of cooperatives is on a declining trend since 2009/10.

Provision on conversion of promoter shares stirs debate

Published On: September 19, 2016 12:50 AM NPT By: Sagar Ghimire

KATHMANDU, Sept 19: A provision in the bill to amend Bank and Financial Institution (BAFIA) Act, which allows promoters of a bank or financial institution to sell their shares to public after certain period, has stirred a debate between former finance ministers and former central bank governors.

NRB eases process for expats to repatriate their earning

Published On: September 13, 2016 01:30 AM NPT By: Sagar Ghimire

KATHMANDU, Sept 13: Nepal Rastra Bank (NRB) has simplified the process for foreign nationals to get foreign exchange service for repatriating their income to their home country.

Limitation on working areas of co-ops proposed

Published On: September 12, 2016 08:36 AM NPT By: Sagar Ghimire

KATHMANDU, Sept 11: The government has proposed a new measure to limit the working areas of a cooperative within a village development committee (VDC).

With banking crimes on rise, new bill takes tougher tack

Published On: September 10, 2016 07:15 AM NPT By: Sagar Ghimire

KATHMANDU, Sept 9: Parliament has endorsed the bill to amend the Banking Offenses and Punishment Act 2008, outlawing ‘Dhukuti’ schemes as well as provisioning stricter punishment for banking and financial crimes.

NRB to act strict against BFIs leaving merger midway

Published On: September 9, 2016 03:30 AM NPT By: Sagar Ghimire

KATHMANDU, Sept 9: Alarmed by the rising cases of merger and acquisition (M&A) process of bank and financial institutions (BFIs) collapsing midway, Nepal Rastra Bank (NRB) has introduced new measures of taking action against such BFIs or their directors if they do not implement merger or acquisition plan within a stipulated timeframe.

67 firms seek license for payment-related services

Published On: September 8, 2016 01:30 AM NPT By: Sagar Ghimire

KATHMANDU, Sept 8: Over 67 companies have sought license from Nepal Rastra Bank (NRB) to provide payment-related services.

NRB officials barred from joining BFIs right after retirement

Published On: September 1, 2016 09:13 PM NPT By: Sagar Ghimire

KATHMANDU, Sept 1: The Parliament on Thursday endorsed the amendment bill on Nepal Rastra Bank Act, 2058, restricting officials of Nepal Rastra Bank (NRB) from joining bank and financial institutions (BFIs) for a certain period.

Nepse to operate trade guarantee fund, start auction trading

Published On: August 25, 2016 08:19 AM NPT By: Sagar Ghimire

KATHMANDU, Aug 24 : The Nepal Stock Exchange (Nepse) has forwarded its draft on securities-listing bylaws, trade-guarantee fund bylaws and auction-trading working procedure to the Securities Board of Nepal (Sebon) for approval.

Private banks to fly in US dollars to ease crunch

Published On: August 25, 2016 12:20 AM NPT By: Sagar Ghimire

KATHMANDU, Aug 25: With the shortage of US dollars becoming acute, commercial banks are preparing to bring the greenback from their accounts in foreign banks. The banks are still undecided about the volume of dollar bills they wish to bring in to ease the shotage of the U.S. currency in Nepal.