September 4th, 2010
NRB’s eye on paid up capital of Foreign Exchangers
Articles
August 9th, 2010
Insurance business increased by 50 percent
Insurance business increased by 50 percent
According to a data released by Insurance Board of Nepal (IBN) on Sunday total insurance business for the fiscal year 2009/10 increased by 50 percent this year. In comparison to last fiscal year’s amount of Rs. 10.90 this year it surged to Rs. 15.40 billion. As per the data, life insurance and non-life insurance policies worth ...
August 1st, 2010
Liquidity crunch over: governor
Liquidity crunch over: governor
According to Nepal Rastra Bank (NRB) liquidity crunch in the banking system is finally over. Surge in deposits has resulted in banks having excess cash and inter-bank rates and Treasury bill coupon rate declining sharply. “Banks have started lending which shows that there is no credit crunch,” said governor Yubaraj Khatiwada said at an interaction ...
July 25th, 2010
Home stay guidelines passed
Home stay guidelines passed
The government is all set to implement the home stay guidelines which will come into effect from August 17. The government has come up with the guidelines as part of its initiative to ensure local communities reap the benefits of tourism industry. The government came up with the home stay concept to do away with possible ...
June 20th, 2010
Remittance via banking channel stressed
Remittance via banking channel stressed
Although the use of formal channel for bringing remittance home is growing gradually, about 34 percent remittance is being brought in through informal channel such as Hundi system. Nepal Remit Association, a body of money transfer companies, said remittance companies were bringing 44 percent of total remittance while banks and financial institutions bring 22 percent. As many ...
June 17th, 2010
Nepal witness growth in tourists arrivals in the third quarter
Nepal witness growth in tourists arrivals in the third quarter
International visitor arrivals in Nepal witnessed a substantial growth of 30 percent in the first quarter of 2010, the Pacific Asia Travel Association (PATA) announced on Wednesday. Of the total growth registered visitors from South Asian Association for Regional Co-Operation (SAARC) increased by 20.98 percent to 25,160 while its share in overall tourist arrivals stood ...
May 14th, 2010
Nepal to benefit from ‘feed the future initiative
Nepal to benefit from ‘feed the future initiative
The U.S. Embassy on Wednesday announced that Nepal has been selected as one of 20 focus countries for President Obama’s $3.5 Billion Feed the Future initiative. Feed the Future is a comprehensive country-owned and agriculture-led approach that aims to significantly and sustainable reduce hunger and poverty in the developing world. The U.S. Government has named ...
April 29th, 2010
Inflation decline slightly
Inflation decline slightly
The year-on-year consumer inflation declined to 11.2 percent during the first eight months of the current fiscal year from 12 percent of seven months. It had increased by 13.1 percent last year. Despite some moderation in price rise, price of food and beverages increased by 15.7 percent whereas non-food items saw the rise of their price ...
April 21st, 2010
Migrants workers swells up significantly
Migrants workers swells up significantly
Job aspirants’ Nepali migrant workers numbers has increased significantly in the first nine month of the current fiscal year. According to Department of Foreign Employment, the number of Nepali workers leaving for foreign employment soared to 63.29 percent as compared to same period last year. The department said that increased demand had been attributed to the ...
March 23rd, 2010
Newly appointed governor vows to address financial sector
