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Sunday, October 17, 2021
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    Economy | Finance

    The Central Bank has released new guidelines to improve the transparency and customer-friendliness of the banking system; the limit on margin loans has not...

    As a result of the new rule, banks and financial institutions are no longer authorized to send out random warnings to debtors who have not paid their loans. Under the new laws, banks and financial institutions will only be able...

    Interest rates for Kartik have begun to be revealed by commercial banks.

    The interest rates for the month of Kartik have been announced by the commercial banks. During the month of Ashwin, interest rates were raised by commercial banks, an effect that was believed to be caused by a decrease in liquidity...

    The private sector has demanded that the MCC be approved.

    The Millennium Challenge Corporation has endorsed the Nepal-US Cooperation Project, which was requested by private sector business organisations (MCC). In a joint statement made on Wednesday, several organisations, including the Federation of Nepalese Chambers of Commerce and Industry, the...

    Sajilo Pay Launched as Nepalโ€™s first multilingual payment app

    On the occasion of the Dashain festival, Sajilo Pay, a payment service firm regulated by the Nepal Rastra Bank, launched the country's first bilingual payment app, dubbed 'Sajilo Pay,' on the App Store. Nepal's variety and culture were taken...

    In the second week of Ashwin, there was an increase in weekly lending and deposit figures

    The Nepal Bankers' Association has released a detailed study on the deposit and lending trends in the country's commercial banks. The entire deposit increased by Rs. 38 billion in Ashwin's second week, bringing it to Rs. 4,218 billion. The deposit...

    Understand the protest against the sanitary pad tax in Nepal.

    Throughout the summer, groups of women demonstrate in Maitighar Mandala in Kathmandu on balmy afternoons almost every day. Almost all of them have their pants painted brilliant crimson with red paint and are lying down on the ground. "Don't...

    According to the Finance Ministry, illegal income would not be permitted for investment.

    Money laundering, terrorist activities, corruption, and other criminal actions would not be tolerated by the government, which would prosecute anyone responsible. By amending Section 11 of the Income Tax Act, 2058, in accordance with the financial bill, 2078, the Finance...

    Finance Mininister has urged microfinance institutions (MFIs) to lower interest rates on loans

    In a recent statement, Finance Minister Janardan Sharma encouraged microfinance institutions (MFIs) to lower the interest rates they are now charging on loans. MFOIs all throughout the country have been making investments through loans with interest rates ranging from...

    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...

    The government has allocated a record amount of Rs15 billion to ensure the availability of fertiliser

    As a result of sharp price increases on the world market, the government has set aside a record Rs15 billion for its fertiliser subsidy programme this year, worrying that shortages, which have been a familiar source of pain for...

    Latest News

    The electricity supply station for Huaxin Cement Factory is now operational.

    The Nepal Electricity Authority (NEA) has turned on a switching station in Dhading district, which would supply electricity to...