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<p style="text-align: justify;">Nepal also supported the recent data published by Central Bureau of Statistics (CBS) on economic growth. CBS projected that the country’s gross domestic product (GDP) will grow at 6.9 percent at basic prices in 2016-17. According to NRB governor, Nepal posses potential for high and sustainable economic growth given that the country focuses on structural development and building investment friendly environment. “By April 17, revenue mobilization of the government based on cash flow has increased by 41.8 percent to Rs 426.52 billion. It is 75.7 percent of annual target.”</p>
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April 28: Nepal Rastra Bank (NRB) has celebrated its 62th anniversary on April 27. In the program, Dr Chiranjibi Nepal, Governor of NRB said that the central bank predicts the inflation rate to remain within the target of 7.5 percent in the current FY. “In the recent months, improved supply situation and growth in agricultural outputs have attributed in decelerating inflation rate. The y-o-y inflation rate of mid-April 2017 is predicted to remain at 3.8 percent,” he said.
Nepal also supported the recent data published by Central Bureau of Statistics (CBS) on economic growth. CBS projected that the country’s gross domestic product (GDP) will grow at 6.9 percent at basic prices in 2016-17. According to NRB governor, Nepal posses potential for high and sustainable economic growth given that the country focuses on structural development and building investment friendly environment. “By April 17, revenue mobilization of the government based on cash flow has increased by 41.8 percent to Rs 426.52 billion. It is 75.7 percent of annual target.”
According to Nepal, out of the 45.5 percent growth in public spending, 45.7 percent is of current expenditure and 12.2 percent is of capital expenditure. “The government has been able to spend 25.4 percent of capital budget so far,” he added.
In the program, Deputy Governor Chintamani Siwakoti mentioned that due to ineffective anti-money laundering control, remittance inflow from formal channel has decreased. Moreover, he informed that NRB will soon implement ‘BASEL III’ and Risk Based Inspection (RBS) system to ‘B’ listed financial institutions as well.
As per Siwakoti, financial accessibility is in increasing trend with the opening of 18.2 million bank accounts in the economy. Similarly, the country has 1,985 ATM outlets and 882 BLB centers. Likewise, customers are utilizing 4.8 million debit cards and 59,000 credit cards. “The economy is pillared by 171 financial institutions with 4,589 branches serving 6,200 customers per branch,” he said.
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<p style="text-align: justify;">According to Nepal, out of the 45.5 percent growth in public spending, 45.7 percent is of current expenditure and 12.2 percent is of capital expenditure. “The government has been able to spend 25.4 percent of capital budget so far,” he added. </p>
<p style="text-align: justify;">In the program, Deputy Governor Chintamani Siwakoti mentioned that due to ineffective anti-money laundering control, remittance inflow from formal channel has decreased. Moreover, he informed that NRB will soon implement ‘BASEL III’ and Risk Based Inspection (RBS) system to ‘B’ listed financial institutions as well.</p>
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<p style="text-align: justify;">Nepal also supported the recent data published by Central Bureau of Statistics (CBS) on economic growth. CBS projected that the country’s gross domestic product (GDP) will grow at 6.9 percent at basic prices in 2016-17. According to NRB governor, Nepal posses potential for high and sustainable economic growth given that the country focuses on structural development and building investment friendly environment. “By April 17, revenue mobilization of the government based on cash flow has increased by 41.8 percent to Rs 426.52 billion. It is 75.7 percent of annual target.”</p>
<p style="text-align: justify;">According to Nepal, out of the 45.5 percent growth in public spending, 45.7 percent is of current expenditure and 12.2 percent is of capital expenditure. “The government has been able to spend 25.4 percent of capital budget so far,” he added. </p>
<p style="text-align: justify;">In the program, Deputy Governor Chintamani Siwakoti mentioned that due to ineffective anti-money laundering control, remittance inflow from formal channel has decreased. Moreover, he informed that NRB will soon implement ‘BASEL III’ and Risk Based Inspection (RBS) system to ‘B’ listed financial institutions as well.</p>
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<p style="text-align: justify;">According to Nepal, out of the 45.5 percent growth in public spending, 45.7 percent is of current expenditure and 12.2 percent is of capital expenditure. “The government has been able to spend 25.4 percent of capital budget so far,” he added. </p>
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<p style="text-align: justify;">Nepal also supported the recent data published by Central Bureau of Statistics (CBS) on economic growth. CBS projected that the country’s gross domestic product (GDP) will grow at 6.9 percent at basic prices in 2016-17. According to NRB governor, Nepal posses potential for high and sustainable economic growth given that the country focuses on structural development and building investment friendly environment. “By April 17, revenue mobilization of the government based on cash flow has increased by 41.8 percent to Rs 426.52 billion. It is 75.7 percent of annual target.”</p>
<p style="text-align: justify;">According to Nepal, out of the 45.5 percent growth in public spending, 45.7 percent is of current expenditure and 12.2 percent is of capital expenditure. “The government has been able to spend 25.4 percent of capital budget so far,” he added. </p>
<p style="text-align: justify;">In the program, Deputy Governor Chintamani Siwakoti mentioned that due to ineffective anti-money laundering control, remittance inflow from formal channel has decreased. Moreover, he informed that NRB will soon implement ‘BASEL III’ and Risk Based Inspection (RBS) system to ‘B’ listed financial institutions as well.</p>
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'published' => true,
'created' => '2017-04-28',
'modified' => '2017-04-28',
'keywords' => '',
'description' => '',
'sortorder' => '5578',
'image' => '20170428123905_nrb.jpg',
'article_date' => '2017-04-28 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '5793',
'hit' => '1405'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
