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Insurance bill stalled in parliamentary committee

Kathmandu, December 25 The insurance bill has been stalled at the Federal Parliament’s Finance Committee since one-and-a-half years as the Ministry of Finance and the committee have been unable to conclude the related discussions. On…

Dharahara achieves 32pc reconstruction progress

Kathmandu, December 25 Thirty-two per cent of reconstruction works of the historic tower Dharahara has been completed so far and if everything goes as planned, its construction will be completed within December next year, as…

Move to tighten lending criteria condemned

Kathmandu, December 25 Bankers have expressed their reservations against the recent move of Nepal Rastra Bank to tighten lending standards for auto and personal home loans. Stating that the NRB’s move — which requires banks…

NRB directs Himalayan Bank to elect directors based on proportion of shares

Kathmandu, December 25 Himalayan Bank Ltd (HBL) will now have to ensure that its board directors representing institutional shareholders are elected on the basis of the proportion of shares they hold in the financial institution.…

Trump says he and Xi will sign China trade deal

PALM BEACH: US President Donald Trump said on Tuesday he and Chinese President Xi Jinping will have a signing ceremony to sign the first phase of the US-China trade deal agreed to this month. “We…

Siddhartha Bank’s discount offers

KATHMANDU: On the occasion of its 17th anniversary, Siddhartha Bank Ltd (SBL) has announced special discount offer for its valued customers for 31 days from December 25 to January 24, as per a press statement.…

Finance committee seeks investors’ feedback

Kathmandu, December 24 The Finance Committee under the Federal Parliament has urged stock market investors to submit their suggestions in writing for implementation of a 58-point suggestion made by Nepal Rastra Bank (NRB) for capital…

Khumbu Pasang Lhamu top royalty earner

Kathmandu, December 24 Khumbu Pasang Lhamu Rural Municipality of Solukhumbu district has topped the chart of natural resource royalty earners at the local level, generating Rs 115 million in income in the last fiscal from…