KATHMANDU, May 25: Nepal Rastra Bank (NRB) has created a fund of Rs 50 billion to support providing payments to the workers in tourism, cottage, small and medium size industries that are largely affected by COVID-19.

KATHMANDU, May 24: Genese Solution, a multinational IT company has secured NPR 55 million investment from Business Oxygen Pvt. Ltd. for its operations in Nepal.

TAPLEJUNG, May 23: The District Administration Office of Taplejung has issued an order not to collect funds in the name of the control, treatment and prevention of the novel coronavirus (COVID-19) disease.

NAIROBI, Feb 19: The African Union is setting up a fund to finance the construction of much-needed roads, railways and power plants on the continent, its infrastructure head said, turning to new sources of cash due to donor fatigue and higher debt levels.

With a grant from the Andrew W. Mellon Foundation, three major literary arts nonprofits have teamed to administer $3.5 million for organizations struggling during the coronavirus pandemic.

Actor Leonardo DiCaprio on Thursday launched a hunger relief initiative - America's food fund - to raise funds for helping the low-income families of America that have been affected by the coronavirus outbreak.

KATHMANDU, March 27: Nepal's leg-spin sensation Sandeep Lamichhane has announced to contribute Rs 100,000 to coronavirus fund set up by the government.

Elton John on Wednesday hosted a celebrity-packed gala that raised more than $6 million to fight HIV/AIDS in Kenya, thanks partly to auctions of a luxury car and an autographed piano used in the singer’s “Rocketman” movie musical.

KATHMANDU, June 15: Leaders of the private sector, including bank and financial institutions (BFIs), have urged Nepal Rastra Bank (NRB) to focus its upcoming monetary policy 2019/20 toward addressing the current shortage of lendable fund in the banking system

KATHMANDU, May 16: The use of refinance facility provided by the Nepal Rastra Bank (NRB) has increased in the first eight months of the current fiscal year – FY2018/19 as private sector sought more concessional loans under this scheme amid shortage of lendable fund in banking sector and skyrocketing interest rates.

Love Station’ organized a press meet on Monday in Kathmandu. In the press meet, it was informed that the team is going to provide Rs 50,000 as relief fund for the victims of wind storm

KATHMANDU, March 28: Many banks are opting for debenture as an instrument to collect funds as part of their efforts to address the shortage of lendable fund.

KATHMANDU, March 13: The UN Economic and Social Commission for Asia and the Pacific (UNESCAP) and the UN Capital Development Fund (UNCDF) have invited applications for Women MSME FinTech Innovation Fund.

KATHMANDU, Dec 28: The Government of Japan has pledged to provide Rs 9.5 million in assistance to build the classrooms of Basudev Das Rastriya Basic School at Lagma in Nagarain Municipality, Dhanusha.

MOSCOW, Aug 31: Jordan will lead a campaign to raise funds for the UN agency that supports Palestinian refugees, to help it survive after the United States cut its funding, Reuters reports.

KATHMANDU, July 31: The meeting of the Council of Ministers held Monday evening decided to table in parliament the bill on pension fund and the bill prepared for amendment to some Nepal Act related to the civil code.

MAHOTTARI, July 29: Husband of State Assembly member in province no. 2 Babita Devi Chaudhary has been charged of embezzling funds from the MP development fund.

KATHMANDU, July 25: Most of the mutual fund schemes listed on Nepal Stock Exchange (Nepse) are currently trading below their face value.

KATHMANDU, July 11: Nepal Rastra Bank (NRB) is increasing the size of the refinance fund from the monetary policy for the upcoming fiscal year -- FY2018/19 that the central bank is unveiling this week.

KATHMANDU, June 27: The Saudi Fund for Development (SFD) has threatened to stop its financial support for the under-construction Sikta Irrigation Project in Banke as the contractor didn’t carry out the construction work as per the deadline.

A roundtable discussion on upscaling Entrepreneurship Development Fund (EDF) for women run small medium enterprises (SME) was held at Hotel Annapurna on Monday. The event was hosted by the Federation of Woman Entrepreneur’s Association of Nepal (FWEAN).

POKHARA, June 17: Unlike the federal government, which has decided to continue with constituency infrastructure development fund in the budget for the next fiscal year bowing to pressure from lawmakers, the provincial government of Province 4 did not come up with any pork-barrel program for its lawmakers in its budget for the next fiscal year.

KATHMANDU, June 16: Dolma Impact Fund, a private equity fund dedicated to investing in Nepal, has entered the Nepali e-commerce market with investment in the online shopping platform -- Sasto Deal.

KATHMANDU, April 29: Despite several cases of irregularities reported while utilizing the Constituency Development Fund in the past, newly-elected lawmakers have begun piling pressure on the government to give continuity to the controversial fund with significant increment.

PARBAT, April 12: Disaster Management Fund is going to be established in all local levels of Parbat district.

SYDNEY, Jan 27: A Nepalese chef thought to have murdered his British backpacker girlfriend before killing himself could have been driven by cocaine abuse.

NCSS collects fund for blind cricketers

January 17, 2018 12:26 pm

KATHMANDU, Jan 17:Nepali Cricket Supporters Society (NCSS) has so far collected Rs 632,000 under a crowd-sourcing campaign initiated to collect funds and help the blind Nepali cricketers travel comfortably.

KATHMANDU, Jan 14: The Supreme Court (SC) has ordered to stop the disbursement of the constituency development fund for the former lawmaker.

Plan to expand fund was announced in the monetary policy for Fiscal Year 2017/18

KATHMANDU, Dec 21: Interest rates are climbing up again as banks are facing shortage of lendable fund.

KATHMANDU, Oct 25: Of the total budget that the government allocates every year to provide monetary assistance for the treatment of eight types of chronic diseases, some 60 per cent is being spent for kidney-related diseases.

KATHMANDU, Oct 25: Of the total budget that the government allocates every year to provide monetary assistance for the treatment of eight types of chronic diseases, some 60 per cent is being spent for kidney-related diseases.

BABIYACHAUR, MYAGDI, Oct 19: The Myagdi Relief Committee, Bahrain has contributed Rs 1.93 million to the Om Kumari Shanti Fund, set up with the objective of supporting the underprivileged patients in Myagdi district.

DAO establishes fund for orphan children

September 27, 2017 01:15 am

UDAYAPUR, Sept 27: The District Administration Office (DAO), Udayapur, on Tuesday established a fund for three orphans whose mother had died during delivery in a hospital.

KATHMANDU, September 11:  The UN’s Central Emergency Response Fund (CERF) has announced US$4.8 million new humanitarian funding to help address urgent needs amongst flood affected communities in the Terai.

KATHMANDU, Sept 1: Nepal Oil Corporation (NOC) has been keeping infrastructure development fee, which it charges from the end customers, in its profit accounts. Such profits are directly allocated to the corporation’s staff bonus and other incentives, NOC balance sheet shows.  As per the balance sheet of 2015/16, NOC has put the fee into its profit accounts.

KATHMANDU, August 20: Dolma Impact Fund, a private equity fund from Europe, has now become a shareholder of Swet Ganga Hydropower & Construction Public Limited Company, promoted by Sanima Hydro Group, as a foreign investor.

KATHMANDU, Aug 15: Chinese government has announced a donation of one million US dollar as emergency fund, expressing its sadness over loss of lives and properties in the floods and landslides in Nepal.

KATHMANDU, July 31: Nepalis going abroad for employment will now have to deposit up to Rs 2,500 in the Migrant Workers’ Welfare Fund (MWWF), depending on the duration of their work tenure, according to a revised regulation on foreign employment unveiled on Monday.

Advocacy challenge fund Launched

July 28, 2017 15:35 pm

Inclusive Growth Program-UNNATI’s Advocacy Challenge Fund has come into operation with the signing of contracts with 30 implementing partners.

Nimbus provides relief fund

July 27, 2017 07:57 am

KATHMANDU, July 27: Nimbus, an agri-business enterprise, has said that it has provided Rs 3.3 million to Sanjay Gautam, a farmer from Pathivara Poultry Farm of Khanar-12 in Sunsari.

GORKHA, June 26: With the advancement of social media technology, it has been easier to carry out social activities. It has not only united people but also brought them together for social work.

KATHMANDU, May 21: The government has granted approval to the Employees Provident Fund for the construction of 680-MW Karnali Hydropower Project on its funding.

KATHMANDU, May 18: Shortage of lendable fund, which nearly brought credit flow to a halt since the beginning of the current fiscal year, did not seem to have affected profit of banking industry.

KATHMANDU, May 17: Two budgetary programs allocated for development projects directly picked by parliamentarians will be discontinued in the new budget, according to officials involved in preparation of budget for Fiscal Year 2017/18.

SALYAN, May 9: Energy Minister Janardan Sharma has brushed off the reports about misappropriation of money in the process of the government to purchase LED bulbs from India as untruth and baseless.

PALPA, May 2: More than two years into the earthquake of April 25, 2015 that left nearly 9000 dead and destroyed around 22 thousand houses, quake victims in Sahalkot in Palpa are taking shelter in tents for want of money to build new houses.

KATHMANDU, May 2: Nepal Rasta Bank (NRB) has been soaking liquidity from the bank and financial institutions (BFIs), even though the latter say that they are facing hard time to find lendable funds.

KATHMANDU, April 25: Though the Budhi Gandaki Hydroelectricity Project is not making any progress, the government has collected over Rs 7 billion from consumers to build the project.

BAGLUNG, April 15: The local residents of Kathekhola Rural Municipality-5 and 6 going for overseas jobs have founded a revolving fund of Rs 10 million.