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International

IMF to be run by Nepalese

International Monetary Fund (IMF) has decided not to appoint resident representative in Nepal. The Nepal office will be run by local staff from November 2010. Nepal operations will be overseeing from its resident representatives in New Delhi India. A press release issued by resident representative of IMF in Nepal Alexander Pitt on Monday, said the decision ...

Kuroda to visit Nepal

President of the Asian Development Bank (ADB) Haruhiko Kuroda is scheduled to make a four-day official visit to Nepal starting from Monday. A total of 69 different projects funded by the ADB are running throughout the country out of which 32 are loan and grant supported white the rest have been receiving technical assistance. Nepal has ...

Three-day workshop on EIF

The government of Nepal is hosting a three-day sub-regional workshop on the Enhanced Integrated Framework (EIF) from Monday in Kathmandu. The EIF workshop organised in partnership with United Nation Development Programme (UNDP) and the Integrated Framework Executive Secretariat in the WTO, aims to help Asia’s poorest countries benefit more from world trade with a view ...

IMF suggests tightening bank licensing policy

The International Monetary Fund (IMF) executive Directors has said that after years of macroeconomic stability, Nepal’s economy is experiencing a substantial, albeit somewhat delayed, impact of the global crisis, which is exposing the country’s structural weaknesses. After IMF Executive Board Concluded 2010 Article IV Consultation with Nepal on May 28, its Executive Board Assessment said ...

ADB approves $12 m for rural financing

The Asian Development Bank (ADB) has agreed to support the second phase of development programme for rural finance in Nepal. The ADB Board of Directors today approved a loan of $60.4 million, and a grant of $12.1 million — both from its concessional Asian Development Fund (ADF), for the second phase of the Rural Finance Sector ...

S Korea job aspirants flocks in Dasharath Stadium

Hundreds of foreign job aspirants have been queuing under the blazing sun on Tuesday in front of Dasharath Stadium to buy forms for Korean Language Test (KLT) exam. The foreign job aspirants willing to work in South Korea have to qualify for jobs under the Employment Permit System (EPS) set by the Korean Government. Tribhuwan University is ...

IFC, Nirdhan to work together to facilitate SMEs

The International Finance Corporation (IFC) of the World Bank (WB) group has announced to forge collaboration with Nirdhan Utthan Bank aiming to facilitate small and medium enterprises (SMEs) for employment generation in the country. The IFC has been acting in conjunction with private sector of developing countries to float loans especially in rural areas to assist ...

Entrepreneurs urge to promote Nepalese products in France

Small and medium entrepreneurs on Monday underscored the need to promote Nepalese products in France to boost exports that have been falling down for some couple of years. Nepal’s exports to France in the last fiscal year amounted to Rs. 1.14 billion against imports of Rs. 2.44 billion. Handmade paper products, handicraft items, carpets and pashmina ...

Envoy committed to disseminate Nepal in France

Nepal Tourism Board (NTB) officials and representatives of travel trade on Tuesday requested the newly appointed Ambassador of Nepal to France Mohan Krishna Shrestha to publicise Nepal as a premier destination in France. With the Nepali ambassador absence in France for the long time, a popular adventure destination to French tourist have remained in shade, said ...

WRC to organize Destination India 2010

Wide Range Consultancy (WRC) Nepal is organising “Destination India 2010” a two day event on June 18 and 19 at Everest Hotel, New Baneshwor in collaboration with the Indian Embassy in Nepal and EdCIL Ltd., India. WRC, Nepal is a leading educational consultancy, authorised by EdCIL Ltd. India, governmental enterprise of India and governed by Ministry ...
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  • Most Recent Article

    NRB’s eye on paid up capital of Foreign Exchangers

    Nepal Rastra Bank’s (NRB) recent study showed the about 200 companies that get involved in foreign exchanges including money changers, money transfer agencies, hotels, travel agency and cargo companies did not have paid up capital in form. As per the Company Act, a company is registered only after the concerned company demonstrates the paid up [...]...

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    Forex

    Forex

      Forex for 2010-09-03
      CurrencyUnitBuyingSelling
      US Dollar174.4075.00
      Euro195.3896.15
      Pound Sterling1114.78115.70
      Australian Dollar167.5868.13
      Singapore Dollar155.2055.64
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    Gold

    Gold

      Rs /10 gm *Differ
      Hallmark Gold29,625.00-
      Worked Gold29,445.00-
      Silver460.50-
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