RAJESH KHANAL

The contributor for Republica.
news@myrepublica.com

Nepal grows 6.94 percent more paddy, still faces shortfall of 480,000 tons this year

Published On: December 30, 2022 09:00 AM NPT By: RAJESH KHANAL

KATHMANDU, Dec 30: Nepal is estimated to have produced 5,486,472 tons of paddy this year, which is 6.94 percent more than the yield of last year.

China ends 31-month long unannounced blockade, allows entry of Nepali goods from Rasuwagadhi border

Published On: December 28, 2022 08:15 AM NPT By: RAJESH KHANAL

KATHMANDU, Dec 28: China on Tuesday permitted a notable number of Nepal’s cargo trucks carrying exportable goods to move across the border at the Rasuwagadhi-Kerung checkpoint, ending a 31-month long unannounced blockade.

Challenges facing the new FinMin

Published On: December 27, 2022 08:45 AM NPT By: RAJESH KHANAL

KATHMANDU, Dec 27: CPN-UML Vice-chairman Bishnu Prasad Poudel, who enjoys a merry time after being appointed as the finance minister for a third time, will have an uphill battle to lift the Nepali economy, which faces a number of challenges at present.

Over 2,000 individuals and firms blacklisted last month, banks’ provisioning amount also hit over Rs 126 billion

Published On: December 25, 2022 08:45 AM NPT By: RAJESH KHANAL

KATHMANDU, Dec 25: Cases of defaulting bank loans have increased by a notable number in recent days after the borrowers failed to pay back their dues on time. This has led to a significant rise in provisioning of banks.

Too little, too late

Published On: December 18, 2022 08:05 AM NPT By: RAJESH KHANAL

Consumers feel cheated as NOC flouts its own promise to enforce auto-pricing system  NOC reduced petrol price by Rs 3 per liter in the past five months even as its price in int’l market declined by 28 percent

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.

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.

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.

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.

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.

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.

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

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.

‘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.

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

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.

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.

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.

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.

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.