Bill Gates once said, “If you are born poor it’s not your mistake, but if you die poor it’s your mistake.” When I read this remarkable quote, I question myself what is the difference between rich and poor. In fact, if I am not wrong in my opinion, then one thing is clear; everyone wants that financial freedom in his/her life. Sadly, many people are not enjoying it in a decent manner. The reason is that they are fighting just for the sake of bread and butter in their daily lives rather than stepping out of their comfort zones. This narrow mind must be changed, if he/she wants to be financial free in life.
KATHMANDU, June 18: Nepal Telecommunications Authority (NTA) is preparing to sign a Memorandum of Understanding (MoU) with Nepal Rastra Bank (NRB) for expanding digital financial services across the country.
KATHMANDU, May 28: IFC, a member of the World Bank Group, has assisted Nepal Rastra Bank (NRB), the central monetary authority of Nepal, in developing the country’s first Environmental and Social Risk Management (ESRM) guidelines for the financial sector.
RAUTAHAT, May 27: Sugarcane farmers of Rautahat district are having a hard time making for their daily livelihood as Sree Ram Sugar Mills is yet to make payment to 14,000 farmers for the sugarcane they purchased long ago. Mill manager Siya Ram Sah has admitted to the fact that the mill is liable to make Rs 500 million worth of payments to the farmers.
KATHMANDU, May 10: The Institute of Chartered Accountants of Nepal (ICAN), in association with Confederation of Asian and Pacific Accountants (CAPA), is organizing 'International Conference on Public-Sector Financial Management' in Kathmandu on Saturday.
BIRGUNJ, Feb 2: The family members of those killed in the massive fire at Super Gas Industry at Sukchaina, Birgunj-18, in December last yer have received financial help from various stakeholders of late.
KATHMANDU, Jan 1: The Securities Board of Nepal (SEBON) has directed the sides concerned to provide information about their financial status before issuing their initial public offering (IPO) so that the people can make informed decision.
KATHMANDU, Nov 14: The Investment Board of Nepal (IBN) has once again extended the deadline for the developers of Arun III Hydropower Project and Upper Karnali Hydropower Project to achieve the financial closures of both projects.
KHOTANG, Sept 27: Financial literacy classes are being operated in Rupakot Majhuwagadi municipality of Khotang to help the locals better use the remittance money that enters the district from foreign employment. The classes aim to help the people save and utilize the remittance money by investing it in productive sectors to create a sustainable source of income.
JACKSON HOLE, August 27: Janet Yellen delivered a message to President Donald Trump on Friday, making it clear that if he re-nominates her as Federal Reserve chair she will not turn her back on the raft of US financial reforms that Republicans want to roll back.
KATHMANDU, August 19: Fiscal federalism experts have raised concerns over the two bills related to formation of a national natural resources and fiscal commission and distribution of sources of revenues to the central, state and local levels, stating that they have taken a centralized approach that may lead to concentration of resources at the central level.
KATHMANDU, July 28 : The Nepal Stock Exchange (Nepse) index jumped up by 10.97 points to close at 1,646.53 points on Thursday -- the last trading day of the week.
The benchmark index has been logging gains since the beginning of the Fiscal Year 2017/18. Last week, Nepse had gone up by 52.18 points.
LAHAN, July 27: The tendency of government agencies and local units leaving the development budget unused till the 11th month of the fiscal year and spending it all in the final month has been found in targeted programs including women empowerment programs.
KATHMANDU, July 18: The Finance Committee of the Legislature-Parliament has formed a probe panel to investigate into the alleged financial irregularities in purchasing the land of the Nepal Oil Corporation (NOC).
KATHMANDU, July 12 : The Office of the Auditor General (OAG) has said that it will name the head of a public office, who has financial arrears and is involved in other financial indiscipline, in its next annual report. It will audit all public spending of the current fiscal year and make public the report by mid-April.
KATHMANDU, July 8: Nepal Rastra Bank (NRB) is introducing the monetary policy for fiscal year 2017/18 on Sunday with a focus on addressing the current 'financial friction', support the 'ambitious' economic growth target set by the government and bringing down inflation.
KATHMANDU, June 16: An expert on federal fiscal system has called for adequate financial resources to the local level to abet the zeal of the people's representatives and the people for development at local level.
BEIJING, May 15: China has agreed in principle to provide financial support to Nepal for the construction of a cross-border railway link that would link Kerung with Kathmandu, Pokhara and Lumbini, according to Minister for Information, Surendra Kumar Karki.
Global economic leaders on Friday continued downplaying possible friction with the Trump administration over currencies, trade and other potentially contentious issues, even while acknowledging that much about the U.S. president's plans remains unclear.
KATHMANDU, March 7: Prime Minister Pushpa Kamal Dahal has said the banks and financial institutions should play a pivotal role in raising the living standard of the people through mobilization of the financial resources.
KATHMANDU, Mar 4: The World Bank has approved a US$ 100 million credit to help Nepal accelerate its medium-term reform program for the financial sector, and to reduce the vulnerability of the banking sector and increase its transparency.
KATHMANDU, March 3: The Government of Japan has pledged Rs 8,587,000 in financial assistance for Nepal Social Development and People Empowerment Center (NESPEC) under the Grant Assistance for Grassroots Human Security Projects (GGP) scheme of the Fiscal Year 2016 of Japan government.
KATHMANDU, Feb 7: Nepal Rastra Bank (NRB) Governor Chiranjibi Nepal has said that the present mismatch between deposit collection and loan mobilization was because of the lack of financial discipline in bank and financial institutions (BFIs).
KATHMANDU, Dec 25: Nepali Congress leader, Prakashman Singh, today said the Congress District Treasurers' First National Conference has contributed significantly in bringing about financial transparency in the party.
KATHMANDU, Dec 20: National Banking Institute (NBI) and NIC Asia Bank have signed a Memorandum of Understanding (MOU) to jointly launch 'Financial Literacy' campaign as part of the bank's CSR initiative.