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Govt entices cooperatives to buy paddy

KATHMANDU, OCTOBER 21 The government has decided to provide subsidies to the cooperatives that buy paddy from farmers. A Cabinet meeting held on Monday decided to provide subsidy worth of Rs 112 per quintal to…

Immigrants are still sending lots of money home despite the coronavirus job losses – for now

NEW YORK: Banks and aid agencies have been warning of a pandemic-related plunge in the amount of money sent by migrants to family back home who rely on the income. In a typical year, more…

New Nabil Bank chairman takes oath

KATHMANDU: Upendra Prasad Poudyal, the newly appointed chairman of Nabil Bank, took the oath of secrecy on Wednesday with Governor of Nepal Rastra Bank, Maha Prasad Adhikari. The ceremony was carried out virtually on digital…

Trade deficit narrows down nearly 25 per cent

KATHMANDU, OCTOBER 21 While the adverse impact of coronavirus has been witnessed on various sectors of the economy, it was more pronounced on external trade and credit expansion of banks and financial institutions (BFIs) in…

consumer price inflation at 4.52pc

KATHMANDU: The macroeconomic update unveiled by the Nepal Rastra Bank on Wednesday showed that the consumer price inflation (CPI) in the country accelerated to 4.52 per cent in the second month of this fiscal year…

Sugar imported by Salt Trading for festive season to arrive today

KATHMANDU, OCTOBER 20 Unlike the delays that used to occur in the previous years, sugar purchased by Salt Trading Corporation (STC) is all set to arrive on Wednesday. As per STC, around 2,500 tonnes of…

COVID anxiety: BFIs to stay shut for five days starting Friday

KATHMANDU, OCTOBER 20 Banks and financial institutions (BFIs) will remain closed for five days starting from Friday. Due to the upcoming festivals, BFIs will be closed for five days from Friday, thus Nepal Bankers’ Association…

LetsDoThis Global sets up office in Nepal

KATHMANDU: LetsDoThis Global — India’s flagship go-to-market engine — has set up an office in Nepal with its very own tech expert, Shiv Kandel heading the business here as the chief executive officer. Fostering a…

New Honda CR-V

KATHMANDU: Syakar Trading Company, the authorised Honda car distributor of Nepal, has introduced new Honda CR-V 2020 with the new IDTEC engine, enhanced performance and luxurious interiors that comprise style, performance and safety at its…

Nepal Investment expands operations

KATHMANDU: Nepal Investment Bank Ltd (NIBL) has expanded its operation by opening its 18th and 19th extension counters at Shukuldhoka, Bhaktapur and Machhegaun, Chandragiri ward number nine. The Shukuldhoka extension counter was inaugurated by NIBL…