After paddy transplantation was severely disrupted in lack of rainfall, the Madhes Province government has officially declared the entire region a drought-affected zone. A cabinet meeting of the provincial gove
The Nepal Rastra Bank (NRB) unveiled the Monetary Policy for the upcoming Fiscal Year 2025/26 on Friday with measures to expand private sector credit, manage non-performing loans (NPLs) and non-banking assets, and promote the share market.
Nepal Rastra Bank (NRB) has adopted a policy to effectively monitor, investigate, and take action against suspicious transactions in order to remove Nepal from the 'grey list' of the Financial Action Task Force (FATF) regarding the money laundering issue.
Unveiling its Monetary Policy for the FY 2025/26, the NRB announced today a new policy rate of 4.5 per cent for next FY from existing 5 per cent. Policy rate is interest rate of the loan provided by NRB to the banks and financial institutions for short term.
In today's meeting of the National Assembly, Minister Khadka tabled a proposal seeking consideration on Water Resources Bill, 2081 received from the House of Representatives with message. The meeting unanimously passed the proposal.
The Nepal Rastra Bank (NRB) has issued the monetary policy for the upcoming fiscal year 2082/83 (2025-26).
The banks and financial institutions of the country witnessed moderate growth in deposits mobilisation and private sector lending during the first 11 months of the current fiscal year. Deposits mobilisation at Banks and Financia
Tourists on a pilgrimage to Kailash Mansarovar via Nepal are bearing the brunt of a lengthy VISA verification process. Nepali tour operators have complained that around 3000 tourists are stuck in Kathmandu as the Chinese Embassy is taking more than 10 days for VISA verification.
The Koshi Province Government has improved its budget spending in the fiscal year 2024/25. This year, the government has succeeded in spending more than 77 per cent of its total allocated budget, showing notable improvement in the execution of the capital expenditure compared to previous years.
Global IME Bank scored high enough to be awarded as the best bank on the basis of reliability, mobilization of financial resources, expansion of access, establishment of strategic relations, development of commercial and client-friendly services, credit ratings and so on.
The Independent Energy Producers' Association, Nepal (IPPAN) has urged the government to make arrangements for restoring electricity infrastructure damaged by the flood that entered Nepal from Tibet via the Lhende Stream into Bhotekoshi River last Tuesday morning.
The gross domestic product (GDP) at basic prices is preliminary estimated to grow by 4.8 per cent in the third quarter of the current fiscal year 2024/25. In the preliminary seasonally unadjusted q