These days there are many opportunities in Nepal. You just have to be willing to work hard and not give up easily. No matter what people say, I feel like it is much easier to start a business, to get a job here in Nepal compared to a foreign land.
July 24: Jose Mourinho believes the World Cup environment helped bring out the best in Paul Pogba and the Manchester United manager wants the France midfielder to show the same focus and intensity at the Premier League club.
KATHMANDU, July 4
Commercial banks have slowed down their loan investment as they prepare to close their accounts at the end of the current fiscal year. Deposit flow in the banking system, however, has increased amid rise in government spending.
Data compiled by Nepal Bankers Association (NBA) shows that 28 commercial banks extended Rs 17 billion in the past three weeks (between June 8 and June 29), while their deposit rose Rs 41 billion
in the same period. With this, total outstanding deposit and loans of these commercial banks has reached Rs 2,377 billion and Rs 2,080 billion as of as of June 29.
The recovery in deposit mobilization by commercial banks, who have been suffering from the shortage of lendable fund since long, comes in the wake of the rise in government expenditure at fiscal year-end. Increased government spending pumps more cash into the banking system.
According to the data of Financial Comptroller General Office, the government has so far spent 54.26 percent of the capital budget allocated for the current fiscal year. The government has spent Rs 181.88 billion out of Rs 335.18 billion allocated for development spending for FY2017/18. A lion's share of such fund was spent in the past two months.
Despite deposits growth, bank lending has slowed in recent days. Bankers say that the slowdown in lending at the fiscal year-end is a natural phenomenon in the banking industry. “Since most of the banks focus on recovery of their loans in the last month of the fiscal year, lending slows down during this time,” Bhuvan Dahal, CEO of Sanima Bank Ltd, said.
According to bankers, many investors also do not seek loans during this time when business firms close their book and accounts.
Banking industry has been seeing shortage of lendable fund in recent months due to mismatch in their deposits and loan growth. As banks expanded their lending investment sharply despite slow growth in deposit, the credit to core capital cum deposit (CCD) ratio of many banks have reached a saturation level.
Nepal Rastra Bank (NRB) requires banks to maintain CCD ratio of 80 percent. Many banks even saw their CCD ratio touching the upper limit, leading to a sharp rise in deposit rates. However, even the increment in deposit rates to over 13 percent failed to bring adequate deposits into the banking system. The skyrocketing interest rates prompted bankers to cap their saving rate at 7 percent and fixed deposit at 12 percent.
KATHMANDU, May 31: The government is anticipating a massive industrial and agricultural expansion this year as it has set growth target for these sectors at 12 percent and 4.5 percent, respectively, in Fiscal Year 2018/19.
KATHMANDU, May 30: Finance Minister Yuba Raj Khatiwada tabled a budget of Rs 1.31 trillion in parliament Tuesday. This first full-fledged federal budget has emphasized job creation, allotted a third of the total budget for the provinces and local units.
KATHMANDU, March 30: Prime Minister KP Oli, who is paying a three-day state visit to India next week at the invitation of his Indian counterpart Narendra Modi, has directed government officials to prepare a brief agenda including expediting implementation of agreements reached between the two countries in the past.
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KATHMANDU, Oct 31: With the focus squarely on social welfare and security, the ruling Nepali Congress (NC) has unveiled its election manifesto for the upcoming federal parliament and provincial assembly polls on Tuesday.
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KATHMANDU, September 2: CPN (UML) chair KP Sharma Oli has directed the party cadres to focus on the upcoming third round of level elections taking place in Province-2 on September 18 with a target of ensuring party's victory.
KATHMANDU, Aug 21: Prime Minister Sher Bahadur Deuba is paying a five-day state visit to India from August 23, with the main agenda of bringing the agreements reached between the two countries on various occasions into implementation.
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KATHMANDU, July 8: Wise choice and use of household electrical devices is crucial for energy saving, Managing Director of CG Corp Global Nirvana Chaudhary has said. Highlighting the long-term benefits of using energy-efficient items, he said energy saving movement can start from home.
KATHMANDU, March 24: Nepal has proposed joint military exercises between the Nepal Army and China's People's Liberation Army (PLA) with the focus on disaster management and enhancing the skills of both militaries.
KATHMANDU, March 23: Former ambassadors and foreign affairs experts suggested Prime Minister Pushpa Kamal Dahal to focus on implementing the agreements and treaty signed with China in the past rather than focusing on signing new ones.
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KATHMANDU, Feb 14: With the constitutional deadline to hold three tiers of elections fast approaching and the political parties still divided over amending the constitution, President Bidya Devi Bhandari has asked the chiefs of the seven main political parties in parliament to concentrate on holding the poll.
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I would not say there is anti-India sentiment among the people. But this sentiment is certainly prevalent in certain sections of the society and in some geographical areas, mainly around the capital city.
KATHMANDU, Nov 7: After an alarming rise in ATM fraud in America and Europe in recent years, Romanian skimming gangs are found to be active in Nepal of late, prompting bank operators, law enforcement agencies and consumers to take immediate precautions to avert possible risk.
KATHMANDU, Nov 3: President Bidya Devi Bhandari has said that the focus of Nepal's Constitution which was promulgated last year is to safeguard and consolidate the democratic gains which Nepal has made in recent times.
KATHMANDU, Oct 28: Independent Power Producers' Association, Nepal (IPPAN) is organizing Power Summit 2016 on December 15-16 with the objective of expediting power generation targeting generation of 10,000 MW in next 10 years.
I have been with my girlfriend for about six months now. Just last week we were on a date at a restaurant. She left her phone at the table while she went to the restroom. I know I shouldn’t have been too nosy but I checked her phone and found out that she still talks with her ex-boyfriend.
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KATHMANDU, Aug 20: The newly-elected office-bearers of Nepali Congress students’ wing-- Nepal Students Union (NSU) have pledged to work with a focus on educational issues rather than on political ones.
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KATHMANDU, June 12:A new party, Naya Shakti Nepal, under the leadership of former Maoist leader Baburam Bhattarai, has been formally announced amidst a gathering of thousands of people convened at Dasharath Stadium here on Sunday.
Former prime minister Bhattarai, while addressing the gathering, announced that the singular focus of the new party would be on ensuring speedy development and economic prosperity in the country within a matter of years.
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