KATHMANDU, July 12: Nepal Rastra Bank (NRB) has controlled the flow of investment of bank and financial institutions (BFIs) toward revolving type of credit including overdraft. Unveiling the Monetary Policy for Fiscal Year 2018/19, the central bank reduced the limit of personal overdraft loan to Rs 5 million from existing Rs 7.5 million.
BIRGUNJ, March 15: Traders have started stockpiling imported goods at the dry port after Minister of Finance Yuba Raj Khatiwada directed customs valuation to stop undervaluation of goods at the customs points.
KATHMANDU, May 29: Listed companies will be allowed to float their next further public offering (FPO) only five years after their earlier FPO, according to a new rule introduced by the Securities Board of Nepal (Sebon).
CANBERRA, April 18: Australia will tighten temporary skilled migration visas, scrapping the current 457 program used by almost 100,000 people, as the country’s labor market weakens and anti-immigration sentiment spreads among developed nations.
KATHMANDU, Feb 22: Nepal Rastra Bank (NRB) has tightened lending toward auto and vehicle purchases, allowing banks and financial institutions (BFIs) to provide loans of up to only 50 percent of the valuation of a private vehicle.
KATHMANDU, Dec 24: Tightening up state largesse for the treatment of ailing VVIPs, VIPs, political leaders and high-ranking officials, the government has approved directives limiting the treatment support to Rs 1.5 million, and to once in a lifetime.
The Reserve Bank of India tightened cash deposit rules on Monday, just days before the demonetisation deadline, saying individuals can bank over 5,000 rupees ($73.83) of old notes only once until December 30 if they provide a satisfactory reason.
BEIJING, Aug 19: The Chinese government is holding chief editors of news websites personally liable for content after several portals this year posted material that was seen as embarrassing to President Xi Jinping.
KATHMANDU, July 14 In a bid to tighten the flow of finance from the banking sector to the stock market, Nepal Rastra Bank (NRB) has revised the policy to float loans of banks and financial institutions (BFIs) against the shares pledge. Issuing the monetary policy for the fiscal year 2016/17 today, NRB Governor Chiranjibi Nepal announced the revision on the valuation of the shares which banks accept as collateral to float their loans.