KATHMANDU, April 27: A dozen commercial banks earned net profit of more than a billion rupees over the third quarter of the current fiscal year.

Michael Jackson has earned more in the past year than any celebrity - dead or alive - has ever earned in a 12-month period, according to Forbes’ top-earning dead celebrities list for 2016.

While the government has upped diplomatic initiative with the Indian government to provide exchange service for Nepalis holding demonetized Indian currency, there has not been any progress in this direction so far. Sagar Ghimire of Republica talked to Minister for Finance Krishna Bahadur Mahara on Tuesday to know what the government is doing to resolve the issue. Excerpts: