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Concerns in Nepal as Indian Supreme Court validates Modi’s demonetization move
January 3, 2023 08:30 am
KATHMANDU, Jan 2: Nepal’s banking system holds demonetized Indian currency (IC) worth over Rs 50 million, which the Indian authorities have refused to take back.
No progress on demonetized Indian bank notes issue yet
January 11, 2019 19:28 pm
KATHMANDU, Jan 11: The long-drawn-out issue related to the exchange of Indian bank notes has not gained momentum yet, stated the Ministry of External Affairs of India.
Infograhics: Post demonetization hunt for black money continues
November 8, 2017 00:05 am
Post demonetization the hunt for black money continues
IMF mission sees 'limited impact' of Indian demonetization in Nepal
January 24, 2017 01:30 am
KATHMANDU, Jan 24: Amid concerns that the decision to scrap high value Indian banknotes by the Indian government is also likely to weigh on economic growth of Nepal, the International Monetary Fund (IMF) has played down such risk.
IC demonetization may have upped gold smuggling
January 13, 2017 07:30 am
KATHMANDU, Jan 13: In what seems to be an effect of the demonetization of Indian currency notes, gold smuggling has soared in immediate neighbor Nepal.
India’s demonetization drive drags down Nepal’s economy
December 15, 2016 08:56 am
KATHMANDU/NEW DELHI, Dec 15: India’s scrapping of high-value bank notes last month has dragged down economic growth in neighboring Nepal with trade, remittances and tourist numbers all down, BMI Research, a group company of the Fitch rating agency, said on Wednesday.
Shilpa backs demonetization, says will help in long run
December 11, 2016 23:45 pm
Bollywood actress Shilpa Shetty, is the latest in the series of celebrities, to support Prime Minister Narendra Modi’s demonetization decision saying it would serve good in the long run.
Demonetization of IC Rs 500 and Rs 1000 notes hits India-returnees
November 11, 2016 15:23 pm
DHANGADI, Nov 11: The Indian government's sudden decision Tuesday to demonetize the Rs 500 and Rs 1,000 currency notes has hit hard people like Karan Awasthi who have returned home after working in India.
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