ROLPA, July 25: In the past, marriage used to be a sacred bond for lifetime. But these days, this seems nothing more than a myth for the youths of Rolpa. This has been proved by the unexpectedly high number of divorce cases in the district.

NRB moves to lower interest rates

July 12, 2018 06:05 am

KATHMANDU, July 12: Nepal Rastra Bank (NRB) has brought in monetary policy for the upcoming fiscal year 2018/19 with a number of measures aimed at addressing the skyrocketing lending rates in recent months.

KATHMANDU, July 8: Nepal has refused a proposal to increase price of electricity imported from India by 20 percent. “We have informed officials of the Indian company that Nepal won’t accept price hike proposal as the imported electricity is already expensive, Kulman Ghising, managing director of NEA, told Republica.

KATHMANDU, June 22: With tacit support from the Nepal Rastra Bank (NRB), the Nepal Bankers’ Association (NBA) has once again decided to cap interest rates on deposits.

KATHMANDU, June 20: The central bank is under immense pressure to tame the sky-rocketing interest rates at the ‘desired level’ amid shortage of lendable fund in the banking industry as it prepares to unveil monetary policy for the upcoming Fiscal Year 2018/19.

SARLAHI, June 18: Sarlahi-based Indu Shankar Sugar Mill has started making payments to sugarcane farmers at rates lower than that determined by the government. The mill has been paying Rs 70.64 less than the government's rate per quintal of sugarcane.

KATHMANDU, June 9: Banks and financial institutions have no plans to reduce their interest rates at least within the current fiscal year 2017/18.

KATHMANDU, May 7: Nepalis in India are still paying five times higher telephone call tariff for calling home, compared to the call rates from Nepal to India.

CHITWAN, April 3: Mayor of Bharatpur Municipality, Renu Dahal, has defended the metropolitan city’s recent decision to hike tax rates, stating that the new rates are justifiable considering the current situation of the country.

KANCHANPUR, Mar 20: Teenage pregnancy rate is on the rise in Shuklaphanta Municipality of Kanchanpur as early marriage continues to take place here.

KATHMANDU, March 10: Nepal Bankers Association (NBA) on Friday told its member banks to suspend their interbank transactions with NIC Asia Bank Ltd for raising interests on deposits “in breach of an informal understanding to cap the interest rates.”

KATHMANDU, Feb 25: Nepal Stock Exchange (Nepse) benchmark index plunged 26.92 points this week to close at 1,386.98 points on Thursday--the last trading day of the week.

KATHMANDU, Feb 10: Nepal Stock Exchange (Nepse) benchmark index fell 19.48 points this week to close at 1,391.03 points on Thursday -- the last trading day of the week. The stocks have again gone into correction course after recovering some of the lost value in the last two weeks.

Sky-high interest rates

December 31, 2017 02:00 am

Bank interests are rising at an alarming rate these days. As bank and financial institutions (BFIs) are now competing to attract fixed deposit at over 13 percent, the borrowing cost has also become expensive.

KATHMANDU, Nov 29: Non-performing loans (NPL) of commercial banks slightly increased in the first quarter of the current fiscal year 2017/18 compared to corresponding period of FY 2016/17.

KATHMANDU, Sept 9: Indraprastha Apollo Hospitals, a leading hospital chain in India, has said that it will now charge domestic tariff to Nepali patients.

KATHMANDU (REPUBLICA): Standard Chartered Bank Nepal Ltd (SCBNL) has offered special interest rate for people buying motor vehicles during the ongoing NADA Auto Show.

KATHMANDU, August 9: While banks have observed growth in their deposit volume in recent weeks, bankers say that the skyrocketing interest rates are less likely to come down at least before the second quarter of the current fiscal year 2017/18.

KATHMANDU, Aug 7: With the rise in nominal interest rates in recent months amid shortage of lendable fund in the banking system, depositors are getting real interest rates on their saving.

KATHMANDU, July 14: Banks have added Rs 19 billion in new deposits in the first week of July while their lending increased by only Rs 1 billion.

KATHMANDU, July 11: It seems that interest rates are not going to fall anytime soon as bank and financial institutions (BFIs) grappling with the shortage of lendable fund are raising their saving rates to lure depositors.

KATHMANDU, July 11: A report prepared by the United Nations Population Fund (UNFPA) has revealed that the fertility and mortality rates in Nepal have been fast declining in the recent years.

Tax rates remain unchanged

May 30, 2017 13:14 pm

KATHMANDU, May 29: The government has not made any major change in tax rates for the upcoming Fiscal Year 2017/18.

KATHMANDU, May 4: Changing the existing flat energy rates for dry months, Nepal Electricity Authority (NEA) has offered to pay developers better rate if the latter reserve water in the daytime and generate more energy during peak hour.

POKHARA, May 3: Room occupancy in Pokhara hotels has not stabilized even though it has already been two years since the 2015 earthquakes.

BHAIRAHAWA, Feb 22: Rise in lending rates of banks and financial institutions (BFIs) has led to significant drop in import of motor vehicles in the country through Bhairahawa Customs Office.

BIRGUNJ, Feb 20: The impact of rise in lending rates of bank and financial institutions (BFIs) has been felt in revenue collection.

KATHMANDU, Jan 28: Nepal Stock Exchange (Nepse) benchmark index nosedived 90.7 points this week to close at 1,375.14 points on Thursday - the last trading day of the week.

KATHMANDU, Jan 12: Microfinance institutions (MFIs) will not be allowed to charge borrowers more than 18 percent interest now onwards.

KATHMANDU, Nov 12: The Nepal Stock Exchange (Nepse) index nosedived 51.95 points this week to close at 1,697.17 points on Thursday--the last trading day of the week.

NEPALGUNJ, Nov 7: Paddy farmers here are forced to sell paddy at lower price because of import of cheap rice from India, loan repayments overdue and above all due to delays made by the Nepal Food Corporation (NFC)'s fixing prices for the grain.

KATHMANDU, Sept 3: Loan disbursements of commercial banks surpassed deposit mobilization in the first one and half months of the current fiscal year.

KATHMANDU, Aug 20: Here is some good news for people who are fed up with ultra-low interest rates offered by bank and financial institutions (BFIs).

KATHMANDU, Aug 12: AirHelp has rated Qatar Airways as number one airline company in the world based on quality, service, punctuality and resolving customer complaints.

KATHMANDU, Aug 10: Nepal Rastra Bank (NRB) is introducing interest rates corridor system from Wednesday as part of its effort to control the interest rates volatility that has been grappling the banking and financial system.