Business | Market | Economy
SEBON Approves Himalayan Capital’s “Himalaya 80-20” Mutual Fund Scheme with 10 Crore Units
The Securities Board of Nepal (SEBON) has given its approval for the “Himalayan 80-20” mutual fund scheme, which is valued at Rs 1 Arba. This closed-end scheme will offer 10 crore unit shares with a par value of Rs 10 per share. The scheme is sponsored by Himalayan Bank Limited (HBL) and managed by […]
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“80% Surge in Life Insurance Policies for Foreign Employment, NIA Statistics Show”
According to the Nepal Insurance Authority (NIA), the number of life insurance policies taken by individuals working abroad has increased by a significant 80.68 percent within a year. From Jestha 2079 to Jestha 2080, the number of life insurance policies subscribed for foreign employment rose from 876,541 to 1,583,746. Overall, there has been growth […]
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Nepal Rastra Bank Issues Rs. 20 Arba Reverse Repo for the Fourth Time
Nepal Rastra Bank (NRB) has responded to the accumulation of excess liquidity in the banking system by issuing another reverse repo. After previously issuing reverse repos on two separate occasions, NRB has now introduced Rs. 20 Arba on Tuesday. The reverse repo is a monetary tool utilized to absorb surplus liquidity and bring stability […]
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“126 MW Power Added to Dordi Corridor: Enhancing Electricity Transmission”
The 132 KV Dordi Corridor Double Circuit Transmission Line Project has successfully connected 126.84 MW of electricity. This transmission line was built to transfer power from the Dordi River and its tributaries in Lamjung efficiently. Previously, the power infrastructure in the region was not fully utilized due to a lack of electricity. However, since […]
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ADB Approves $50M Loan to Boost Nepal’s Trade
The Asian Development Bank (ADB) has approved a $50 million USD loan to help Nepal boost its domestic and international trade. Trade and industry currently make up 14.1% of Nepal’s GDP. The Nepalese government aims to increase the trade sector’s contribution by improving trade and export promotion, enhancing customs and logistics systems, and strengthening […]
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Pokhara Metropolis Offers 70% Grant in Agro Sector.
Pokhara Metropolitan City has announced plans to offer a 70 percent grant in the agriculture sector based on production. The Deputy Mayor, Manju Devi Gurung, revealed this during the presentation of the budget for the upcoming fiscal year 2080/81. The city aims to prioritize investment by providing a minimum of 70 percent grant to classified […]
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“Sanima Reliance Life Insurance Offers 100% Waiver on Delayed Charges Till Asar 28”
Sanima Reliance Life Insurance has introduced a renewal scheme aimed at waiving off 100% of delayed charges for its current policyholders. The scheme will be available from Asar 11 to 28, 2080. The company has encouraged its customers to take advantage of this opportunity, according to a media statement.
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“CorporatePay Surpasses NRs 50 Billion Transaction Milestone in Jestha 2080”
In the month of Jestha, 2080, the monthly transactions through CORPORATEPAY exceeded NRs. 50 Billion, marking the highest amount for a single month since its launch in Magh 2077. The total transaction value for the current fiscal year has surpassed NRs. 421 Billion, a significant increase from the previous fiscal year’s NRs. 190.5 Billion. […]
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Nepal and India Sign 5-Year Pact for 200 MW Power Supply
India and Nepal have made a significant agreement for India to purchase 200 megawatts (MW) of electricity from Nepal during the rainy season. The deal will last for five years and is seen as an important step in their long-term electricity trade. Unlike the previous method of selling electricity through a competitive market, this new […]
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“Auction of Promoter Shares of Jyoti Bikash Bank and Prabhu Bank Begins Today”
Jyoti Bikash Bank Limited (JBBL) is offering 168,496 units of promoter shares for sale through a public auction. The auction is open to individual investors, companies, and institutions, and will take place from the 10th to the 17th of Ashad, 2080. The minimum bid rate is set at Rs. 126, and the minimum bid […]
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