Nepal Minute - out of the ordinary

Business

Monetary policy: Central bank prepares to solicit suggestions
Monetary policy: Central bank prepares to solicit suggestions NRB sources indicate the upcoming policy review could ease restrictions on margin loans to boost...
Gold price soars to a record high as local currency weakens
Gold price soars to a record high as local currency weakens Local bullion dealers predict a tola of yellow metal may hit Rs120,000-level in a month...
Auto dealers urge govt to stop counting cars as luxury items
Auto dealers urge govt to stop counting cars as luxury items NADA claims tens of thousands of people have lost their jobs due to recent government...
Governor suggests merger of state-controlled banks
Governor suggests merger of state-controlled banks The NRB chief says the three commercial banks with government stakes should take a long...
Nepal's foreign trade slides in first half of this fiscal
Nepal's foreign trade slides in first half of this fiscal Trade volume drops nearly 22 per cent to Rs873.47 billion from last year's Rs1.18 trillion...
Govt gives permits to 145 industries in six months
Govt gives permits to 145 industries in six months The Department of Industry reports 145 local and foreign industries with proposed investments totalling Rs139...
Nepal's retail inflation rate slows to 7.38 per cent in December
Nepal's retail inflation rate slows to 7.38 per cent in December NRB's financial report indicates a decline in inflation for the last two months on the...
Nepse loses over 41 points on last day of second quarter
Nepse loses over 41 points on last day of second quarter After a promising start, equities struggle to keep momentum to close at 2149.41 points as...
Banks to cut deposit rates starting Jan 15; loan rates after three months
Banks to cut deposit rates starting Jan 15; loan rates after three months The central bank mandates a 5 per cent gap between fixed deposit and savings interest...
'Sharp, long-term downturn to hurt developing countries'
'Sharp, long-term downturn to hurt developing countries' This would be the first decade with two worldwide recessions in over 80 years, says...
Global IME begins integrated transactions after another merger 
Global IME begins integrated transactions after another merger  The Global IME consolidates its position as the largest bank in Nepal after Bank of...
NTA instructs ISPs to block crypto, network marketing sites
NTA instructs ISPs to block crypto, network marketing sites The telecom regulator has warned of stringent action against anyone involved in such activities that...
NOC reduces fuel prices
NOC reduces fuel prices After revision, a litre of petrol will cost Rs175, diesel and kerosene Rs172 each effective...
Private sector requests central bank to go beyond guidelines
Private sector requests central bank to go beyond guidelines The FNCCI has demanded a reduction in interest rates to resolve the current liquidity crunch
NCC says illegal trading inflicts huge losses on Nepal
NCC says illegal trading inflicts huge losses on Nepal Panel recommends 10 suggestions to Deputy Prime Minister and Home Minister Rabi Lamichhane
Relief to borrowers as NRB revises working capital loan rules
Relief to borrowers as NRB revises working capital loan rules The amended guidelines allow businesses more than two years to adjust loans exceeding their working...
Mid-Modi hydro project conducts successful test run
Mid-Modi hydro project conducts successful test run The 18-MW project will start commercial production in 15 days, officials say
FM Poudel says economy isn’t out of control, vows to fix it 
FM Poudel says economy isn’t out of control, vows to fix it  FNCCI President Shekhar Golchha has advised the government to come up with immediate special measures
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