Filmmaker John Singleton is currently in ICU and is recovering after suffering a heart stroke. The family of the 51-year-old "Boyz n the Hood" director and screenwriter confirmed the news to E! online.
Almost one year after Irrfan Khan was diagnosed with neuroendocrine tumor, the actor on Wednesday confirmed his recovery and expressed his gratitude towards his fans for standing by him during his health crisis.
KATHMANDU, Nepal, Oct 15: It took rescuers two days to recover the battered bodies of nine climbers, including one of the world’s best, who died in Nepal’s worst mountaineering disaster in recent years, authorities said Monday.
MYAGDI, Oct 15: The dead bodies of nine climbers including five South Koreans and four Nepalis who went missing after a snowstorm at Mt Gurja were retrieved on Sunday after five days of futile efforts.
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, June 7: Finance Minister Yuba Raj Khatiwada has said the post-earthquake reconstruction and rehabilitation efforts of the National Reconstruction Authority (NRA) have not been able to make expected progress even though the government has been spending huge funds.
GORKHA, April 25: Hundreds of houses were reduced to rubble in Barpak, the epicenter of the catastrophic earthquake of 2015. Three years on, only 509 out of the 1,400 houses destroyed have been reconstructed. Another 429 houses are under construction while the inhabitants of the others are still under makeshift tents.
KATHMANDU, March 27: Nearly 32,000 flood-affected households in seven districts of the tarai region received recovery packages worth US$ 4 million as part of a post-flood recovery program launched by the United Nations Development Program with the financial support of the Chinese government.
KATHMANDU, Nov 13: The government needs to spend Rs 73 billion for reconstruction and restoration of livelihoods in areas of central and eastern tarai damaged by floods of mid-August, according to a Post-Flood Recovery Needs Assessment Report prepared by the National Planning Commission (NPC).
CHITWAN, July 20: The tourism sector of Chitwan had been showing signs of recovery during the last fiscal year -- that ended last week -- from a slump resulting from the earthquake and border blockade of 2015 and subsequent energy crisis.