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.
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 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.
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.
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 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.
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, 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, 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, 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.
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, 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.