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 firstname.lastname@example.org
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.