KATHMANDU, Jan 24: Deputy Prime Minister and Minister of Finance Bishnu Paudel has said that during the preparation of the budget for the next fiscal year, they will discuss the issue of vehicles being classified as luxury items.

KATHMANDU, Jan 22: The decision to remove the mandatory cash margin on imports has been welcomed by industrialists and businessmen. After the pressure on foreign currency reserves, the government had arranged mandatory cash margins for imports since last year. The private sector had been opposing the provision for a cash margin of 50 to 100 percent while opening letters of credit (LCs) for imports.

KATHMANDU, OCT 16: Nepal Rastra Bank (NRB) has asked the banks and financial institutions (BFIs) not to open the letter of credit (LC) for the import of restricted goods.

KATHMANDU, March 30: Nepal Rastra Bank (NRB) has permitted banks and financial institutions to open letters of credit (LC) accounts for the imported goods that are to be transported to the newly-built Chobhar Dry Port in Kathmandu.

KATHMANDU, Feb 11: Nepal Rastra Bank (NRB), has asked importers to deposit hard cash in advance to import additional goods that fall in the list of additional 27 harmonic codes.