How fast can Nepal go cashless?

March 12, 2020 10:54 am

KATHMANDU, March 12: Gone are the days when people used to carry bags full of cash to settle large amount of transactions, as people are now picking up with cashless transaction modes, though at slower pace in contrast to escalating technologies.

Nepse sees fluctuation this week

June 29, 2019 17:36 pm

KATHMANDU, June 29: The domestic share market faced an irregular pace in terms of transactions this week as well.

BUTWAL, July 8 : Land and housing transaction in Rupandehi district was expected to increase this year with the designation of Butwal as temporary capital of Province 5. But such transactions have fallen this year, data of Land Revenue Office, Rupandehi, shows.

KATHMANDU, May 22: The Central Investigation Bureau (CIB) of Nepal Police has arrested a man on the charge of involvement in transacting illegal crypto-currency ‘bitcoin’ and swindling over Rs 3 million from various individuals.

KATHMANDU, April 17: The four-day Flora Expo 2018 organized by the Floriculture Association Nepal (FAN) concluded on Monday, recording transactions worth around Rs 6.2 million.

KATHMANDU, March 19: Country’s financial condition is getting tighter as all indicators of financial transactions with other countries have posted negative indicators.

PALPA, Feb 26: The Palpa Festival and Trade Fair organised by the Palpa Chamber of Commerce and Industry performed transactions worth Rs 120 million.

MYAGDI, Jan 22: The sixth Myagdi Festival and Maghe Sankranti Fair, and Province No 4 level Agriculture, Tourism and Industrial Trade Fair concluded here on Sunday, with transactions of around Rs 80 million.

KATHMANDU, August 14: Nepal Rastra Bank (NRB) is preparing to allow development banks to handle government transactions in local units after commercial banks showed reluctant to show their presence in all local units.

KATHMANDU, July 8: The domestic share market recorded transactions worth around 2.64 billion rupees in this week's trading that closed on Friday.

RUKUM, June 7: The CPN (Maoist Center) has started validating the land transactions carried out under the then 'people's government' run by the former rebels in Rukum district. The land transactions are currently being validated in Banphikot and Sani Bheri rural municipalities of the district and the Maoist Center claims they will do that throughout the district.

ROLPA, June 2: Tek Bahadur Damai, 30, bought a piece of land for Rs 50,000 in 2003. There was also a small hut in the land. The transaction was given legitimacy by the Maoist rebel led administration as the rebels run parallel government in the district in those days. Thirteen years down the line, Damai, a local of Ghartigaun, is now dragged into a legal battle. Its previous owner has filed case in district court accusing Damai of illegally occupying the land. The accusation comes at a time when property prices in the area, like elsewhere in the district, have skyrocketed.

KATHMANDU, April 19: The number of suspicious transaction reports (STRs) by various bank and financial institutions, insurance companies and securities companies, among other entities that deals with cash transactions, more than tripled in the last fiscal year.

KATHMANDU, April 3: A food expo organized by the Department of Food Technology and Quality Control (DoTQC) in Kathmandu ended on Saturday recording a transactions worth Rs two million, the department said.

KATHMANDU, March 21: The 6th Nepal International Trade Fair concluded in Kathmandu on Monday, recording Rs transactions worth more than Rs 200 million.

KATHMANDU, Nov 29: The 14th Handicraft Trade Fair and 12th Handicraft Competition organized by the Federation of Handicraft Associations of Nepal concluded on Tuesday, recording transactions worth around Rs 100 million.

KATHMANDU, Aug 15: The government has made profit earned by firms and non-government organizations by selling land and buildings taxable income, requiring them to pay 10 percent as advance tax while transferring ownership.

KATHMANDU, July 21: The government has reduced brokerage commission for trading of share and securities in the stock market.