NRB auctioning off treasury bills

October 18, 2021 09:40 am

KATHMANDU, Oct 18: Nepal Rastra Bank (NRB) is auctioning off treasury bills worth Rs 11.20 billion. The central bank is selling the treasury bills through the tender process from today in a bid to mobilize short-term loans for the government.

KATHMANDU, July 20:The government treasury is now empty following irrational budget distribution at the end of the fiscal year that ended Monday. Not a single penny has been left from the previous fiscal year , according to officials of the Ministry of Finance (MoF). This fiscal indiscipline on the part of the current government is sure to have serious consequences as it may trigger internal borrowing right from the first month, just as the previous government had done this time last year.

KATHMANDU, July 1: A total of 204 international non-government organizations (INGOs) are mobilizing an annual Rs 24.95 billion in Nepal that do not come through the government treasury.

KATHMANDU, April 2: The government has decided to make internal borrowing of another Rs 12.61 billion.

KATHMANDU, Dec 24: The golden handshake scheme for civil servants is likely to exert further pressure on the government treasury if all those qualified for voluntary retirement opt for it, officials at the Ministry of Finance said.

KATHMANDU, June 26: Private sector has suggested that the government and the Nepal Rastra Bank (NRB) directly funnel cash lying idle in the government coffer into the banking channel.