NEWS

Umbrella Organisation of Bankers Decides to Lower Interest Rate for SMEs
Umbrella Organisation of Bankers Decides to Lower Interest Rate for SMEs
  0   1 minutes 25 seconds to read

April 22: The Confederation of Banks and Financial Institutions Nepal (CBFIN), an umbrella organisation of commercial banks, development banks and financial institutions of the country, has decided to charge one percent less interest on loans up to Rs 10 million from April 13 onward to small and medium-scale enterprises…

Western Union Announces Home Delivery Service in Nepal
Western Union Announces Home Delivery Service in Nepal
  0   1 minutes 28 seconds to read

April 22: Western Union Money Transfer on Tuesday (April 21) announced that Annapurna Travel & Tours and Hulas Rmittance will provide home delivery service for Western Union money transfers in…

Private Sector Demands Financial Stimulus worth 5 Percent of GDP
Private Sector Demands Financial Stimulus worth 5 Percent of GDP
  0   2 minutes 25 seconds to read

April 22: Stating that the ongoing lockdown to contain the spread of coronavirus has had a chain effect on the overall economy of the country, the private sector has urged the government to announce a fiscal stimulus package worth 5 percent of the Gross Domestic…

Statups on the Verge of Running out of Business
Statups on the Verge of Running out of Business
  0   1 minutes 56 seconds to read

April 22: Startup ecosystem enablers, mentors, investors and entrepreneurs have appealed the government to form a ‘Nepal Covid 19 Start-up Assistance Scheme’ to support the start-ups.…

Coronavirus Cases Jump to 42 in Nepal
Coronavirus Cases Jump to 42 in Nepal
  0   1 minutes 20 seconds to read

April 22: The number of coronavirus patients in the country has jumped to 42 following confirmation of 11 new cases on Tuesday (April…

Lockdown Takes Toll on Foreign Trade
Lockdown Takes Toll on Foreign Trade
  0   2 minutes 40 seconds to read

April 21: The ongoing nationwide lockdown to control the spread of coronavirus has severely affected foreign trade of Nepal during the month of March.…

Ill-Timed Ordinances Draw Widespread Criticism
Ill-Timed Ordinances Draw Widespread Criticism
  0   4 minutes 26 seconds to read

April 21: The government’s decision to issue two new controversial ordinances has courted widespread criticism at a time when it should be focused on preventing the spread of coronavirus in the…

Inflation Remains above 6 Percent
Inflation Remains above 6 Percent
  0   3 minutes 29 seconds to read

April 21: The year-on-year consumer price inflation stood at 6.7 percent in mid-March 2020 compared to 4.2 percent a year…

Government to Ease Import of Black Peppers
Government to Ease Import of Black Peppers
  0   1 minutes 32 seconds to read

April 21: The government is preparing to ease the restriction on import of black pepper after the herbal medicinal plants in the country started facing shortage of raw materials to make Ayruvedic medicine with the use of the…

Private Sector Employers Decide to Deduct 50% Salary of Workers
Private Sector Employers Decide to Deduct 50% Salary of Workers
  0   2 minutes 49 seconds to read

April 20: Umbrella organisations of Nepal’s business enterprises and industries have inched closer to an agreement regarding payment of workers during the lockdown period.…

Central Bank tells BFIs to Submit Financial Report
Central Bank tells BFIs to Submit Financial Report
  0   1 minutes 42 seconds to read

April 20: Nepal Rastra Bank (NRB) has instructed banks and financial institutions (BFIs) to present their financial report regularly as the central bank has to study the impacts of coronavirus on the country’s…