RAJESH KHANAL

The contributor for Republica.
news@myrepublica.com

Nepal had a net gain of foreign currencies worth Rs 7.60 billion during mid-October and mid-November

Published On: December 16, 2022 09:00 AM NPT By: RAJESH KHANAL

KATHMANDU, Dec 16: Nepal added extra foreign currencies worth Rs 7.60 billion to its foreign currency reserves during the one-month period between mid-October and mid-November, mainly due to a decline in imports along with a notable rise in remittance inflows.

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Cases of surrendering insurance policies on the rise

Published On: December 14, 2022 08:00 AM NPT By: RAJESH KHANAL

KATHMANDU, Dec 14: More than 6,000 insured individuals surrendered their life insurance policies amounting Rs 1.11 billion during mid-October and mid-November.

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Banks likely to reduce interest rates from December 16 after they get cushion from liquidity shortage

Published On: December 13, 2022 10:00 AM NPT By: RAJESH KHANAL

KATHMANDU, Dec 13: Commercial banks of Nepal are considering reviewing the existing interest rates on deposits from Friday, the beginning of the new Nepali month, after the banks have been cushioned with an improved liquidity.

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NRB receives increasing reports against suspicious transactions in BFIs

Published On: December 12, 2022 09:30 AM NPT By: RAJESH KHANAL

KATHMANDU, Dec 12: The cases of suspicious transactions in commercial banks are on the rise despite growing concerns of Nepal Rastra Bank (NRB) to tighten the money laundering measures.

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NAC to sell five Chinese aircraft which remained grounded for over two years

Published On: December 7, 2022 08:55 AM NPT By: RAJESH KHANAL

KATHMANDU, Dec 7: Nepal Airlines Corporation (NAC) has stepped up efforts to sell five out of six Chinese aircraft that have been grounded for over two years.

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Private sector on warpath against govt’s apathy to address economic problems

Published On: December 5, 2022 07:36 AM NPT By: RAJESH KHANAL

KATHMANDU, Dec 5: The private sector has come down heavily on the government’s policies that have been blamed for fueling the current financial crisis in the country.

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Nepal’s remittance earnings to rise to USD 8.5 billion in 2022 from USD 8.2 billion: WB

Published On: December 4, 2022 10:24 AM NPT By: RAJESH KHANAL

The multilateral lending institute cautions Nepal to diversify the migrants’ destinations citing a possible fall next year

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NRB in no mood to give in to private sector’s demand on interest rates

Published On: December 2, 2022 09:00 AM NPT By: RAJESH KHANAL

KATHMANDU, Dec 2: While the private sector has warned of hitting the streets to exert pressure on Nepal Rastra Bank (NRB) to reduce the interest rates of banks, NRB Governor Maha Prasad Adhikari on Thursday made it clear that the central bank will not change its decision “just because of the protests by the market players”. The chief executive of the country’s central bank, however, expressed readiness to work with the private sector to fix the interest rates if they stand ready for that option.

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‘Economy in the doldrums’

Published On: November 30, 2022 09:45 AM NPT By: RAJESH KHANAL

KATHMANDU, Nov 30: Although Nepal regained nominal improvements in its external sector indicators recently, the performance of the overall macroeconomic indicators continues to remain dismal.

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When will the undeclared Chinese blockade end?

Published On: September 26, 2022 02:05 PM NPT By: RAJESH KHANAL

China is just clearing the Nepal-bound cargo containers stuck at the border, but is least bothered about barrier-free movement for Nepali traders

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NRB puts cap on working capital loans to businesses at a maximum of 40pc of annual transaction

Published On: August 24, 2022 08:18 PM NPT By: RAJESH KHANAL

Private sectors maintain that the new provision will reduce demand for loans, adversely affect production and trading businesses and shrink possibilities of employment generation.

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New Monetary Policy is out. Here is how it is likely to impact you

Published On: July 26, 2022 09:09 AM NPT By: RAJESH KHANAL

Earlier last week, Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari announced the monetary policy for fiscal year 2022/23, a document everyone had pinned their hopes on, expecting it to come up with magical solutions for a number of problems facing the country, including the persistent liquidity problem and external sector stability.

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NRB seeks to address current economic problems thru a tight monetary policy; measures adopted not enough: Analysts

Published On: July 25, 2022 10:30 PM NPT By: RAJESH KHANAL

KATHMANDU, July 25: Last Friday, Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari announced the monetary policy for fiscal year 2022/23,a document everyone had pinned their hopes on, expecting it to come up with magical solutions for a number of problems facing the country, including the persistent liquidity problem and external sector stability.

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Govt presents budget of Rs 1.793 trillion

Published On: May 29, 2022 08:15 PM NPT By: RAJESH KHANAL

KATHMANDU, May 29: The government has announced a total budget of Rs 1.793 trillion for the fiscal year 2022/23, which is 8.86 percent more than the budget for the current fiscal year.

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Minimum eligible age for elderly allowance reduced to 68 from 70 years

Published On: May 29, 2022 06:02 PM NPT By: RAJESH KHANAL

KATHMANDU, May 29: Amid growing criticism that the state will face additional financial burden due to the uncalled-for flexibility in social security allowances, the government has lowered the minimum age limit to receive old-age allowance to 68 years from the existing 70 years.

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Hydro Hopes: Tapping the Untapped Potential

Published On: April 26, 2022 04:51 PM NPT By: RAJESH KHANAL

Enduring long hours of load-shedding everyday for over a decade, Nepal became free from the problem of power blackout only a couple of years ago. And today, perhaps for the first time in its history, the country produces 2150MW of electricity, against the present peak demand of around 1500 MW. This has heightened the country’s hydro hopes in terms of both domestic consumption and exporting the surplus power to neighboring India and Bangladesh – the best way to address the perennial problem of widening trade deficit.

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The Story of Nepal’s Unhealthy Health System

Published On: March 1, 2022 06:30 AM NPT By: RAJESH KHANAL

The government has allocated Rs 146 billion for health infrastructures development in the current fiscal year. But the budget remains largely unspent even after six months of the current fiscal year.

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Economic recovery: Some rays of hope but still a long way to go

Published On: January 1, 2022 06:05 AM NPT By: RAJESH KHANAL

The year 2021 was definitely not as bleak as the previous year in terms of freeing the economy from the claws of the COVID-19 pandemic. Economic activities gathered pace as the spread of the coronavirus slowed down gradually. Signs are positive but the economy could fall into a crisis if corrective measures are not implemented on time

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Billions of rupees of depositors in cooperatives at risk due to lack of effective regulation

Published On: December 14, 2021 06:30 AM NPT By: RAJESH KHANAL

KATHMANDU, Dec 13: Cooperatives, member-based local organizations that are supposed to work in the interest of the general public, have instead been found cheating the small savers time and again, thanks to poor monitoring by the regulator.

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NRB calls off its own decision to lift the ban on high priced imports in just 24 hours

Published On: October 31, 2021 09:45 AM NPT By: RAJESH KHANAL

KATHMANDU, Oct 31: In a controversial move, Nepal Rastra Bank (NRB)—the country’s apex monetary body—has called off its decision to lift the ban on the import of luxury vehicles in less than 24 hours.

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