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Tuesday, October 26, 2021
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    Monetary

    Growth projections are dampened by sluggish tourism and services

    According to the Asian Development Bank, Nepal's economic growth will slow to 4.1 percent in the current fiscal year 2021-22, compared to the previous forecast of 5.1 percent. This is primarily due to high Covid-19 infection and risks, which...

    Afghan central bank drained dollar stockpile before Kabul fell: document

    A report prepared for Afghanistan's international donors found that the Afghan central bank used up most of its US dollar cash reserves in the weeks leading up to the Taliban taking control of the country, exacerbating the country's current...

    Nepal’s economy is expected to grow at a modest rate of 4.1 percent in fiscal year 2022.

    It is predicted that Nepal's economy will grow by 4.1 percent (at current market prices) in fiscal year (FY) 2022, up from an estimated growth rate of 2.3 percent in FY2021, according to the most recent Asian Development Outlook...

    Investors deliver a letter to the NRB outlining their 18-point demand.

    The Share Market Reform Struggle Committee has delivered a memorandum to the Nepal Rastra Bank (NRB) requesting that the Rs 120 million limit on margin lending, which was imposed by the NRB through monetary policy, be removed from effect. On...

    Nepali Rupee is pegged with Indian Rupee. Is the fixed exchange rate beneficial?

    The Nepalese rupiah is linked to the Indian rupee. Nepal's neighbour, India, accounts for the majority of the country's trade. As a result, India is our largest trading partner. Furthermore, Nepalese and Indian people have special ties that go...

    Commercial banks are unable to meet the demand for loans to small and medium-sized businesses.

    In the previous fiscal year, commercial banks failed to meet the lending requirement for small and medium-sized businesses. Commercial banks have disbursed such loans at a rate of 10.1 percent over the legal requirement of 11 percent, according to Nepal...

    The policy for establishing manufacturing industries will be simplified: Minister of Finance

    Finance Minister Janardan Sharma has stated that policies to build manufacturing-focused firms will be streamlined. On Wednesday, he made the promise while receiving a memorandum from the Confederation of Nepalese Industries (CNI). The FNI sent a memorandum to the Finance Minister,...

    Following the monetary policy, the NEPSE plummeted by 24 points, with a total transaction value of more than Rs 21 billion

    On Sunday, the first trading day after the Nepal Rastra Bank unveiled its monetary policy, the NEPSE index fell by double digits. On this day, the index fell by 24.57 points, limiting it to 3154.34 points. It is believed that...

    The current scenario argues that agricultural soft loans should be monitored.

    Despite the fact that the government is expanding its investment in agriculture, the promised results are still a long way off. One of the State's attempts to support the agriculture industry is the establishment of soft credit provisions. According to...

    Nepal Rastra Bank setting up national payment switch

    In order to promote cashless transactions, the Nepal Rastra Bank (NRB) would establish a countrywide payment switch. In announcing the monetary policy on Friday, the NRB stated that the fiscal year 2022/23 will be designated as the year of promotion...

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