BIZ BRIEFS New rice varietyKATHMANDU: Hardinath-1 (BG1442) paddy has been recommended for this harvesting season for terai and inner-terai. A meeting of variety approval, release and registration sub-committee at the National Seed Board recommended the rice on... 02 Apr, 2004
LETTERS Stop taking advantageThis is in reference to the news titled “Nepal air deal with Croatia” published on March 28. It is not surprising that our “all-mighty” Civil Aviation’s top brass including seven-member government delegation left for a... 29 Mar, 2004
Experts stress efficient currency operations Himalayan News ServiceKathmandu, March 24:Senior Experts and officials associated with the Nepal Rastra Bank (NRB) have stressed on the need to handle bank notes carefully and greater efficiency to avoid counterfeiting. “The role of central banks in... 24 Mar, 2004
EBL opens representative office in India Himalayan News ServiceKathmandu, March 23:Everest Bank Ltd (EBL), a joint venture bank with Punjab National Bank (PNB), has launched a representative office at Kasturba Gandhi Marg, New Delhi, following the necessary approval from the Nepal Rastra Bank... 23 Mar, 2004
Old tune In recent years, terms like restructuring, reforms, privatisation and liberalisation have been fashionable in Nepal in connection with the economy and public enterprises. This has been in line with the guidelines provided by such multilateral lending... 19 Mar, 2004
IMF mission in capital to review state of economy Himalayan News ServiceKathmandu, March 12:Following the approval of aid to Nepal by the International Monetary Fund (IMF) to the tune of $70 million every year for three years, under the Poverty Reduction Growth Facility (PRGF) in September last year,... 13 Mar, 2004
Remittances push up forex reserve to Rs 122.2b Himalayan News ServiceKathmandu, March 3:Gross foreign exchange reserve during the six months of fiscal year 2003-04 has reached Rs 122.2 billion, thanks to an increased inflow of remittances. The current reserve is enough to cover merchandise imports... 03 Mar, 2004
Umbrella law The ordinance concerning financial institutions has received royal assent. It is an umbrella law that regulates the financial sector and seeks to do away with the unnecessary duplication between various laws. Separate laws have tended to conflict with... 19 Feb, 2004
Govt spending up by 6.2 pc Himalayan News ServiceKathmandu, February 5Government spending on the basis of cash flow data has increased by a rate of 6.2 per cent to Rs 24.7 billion in contrast to a decline of 1.9 per cent last year, according to the first five months of the... 06 Feb, 2004
NRB directive to banks on letter of credit Himalayan News ServiceKathmandu, February 5Nepal Rastra Bank (NRB) has issued directives at the beginning of this week to commercial banks of the country to make an advance payment to importers while importing goods through the letter of credit (LoC).... 06 Feb, 2004
Remittances come handy again Himalayan News ServiceKathmandu, January 21A sharp rise in private remittances has resulted in a current account surplus that has helped to see favourable balance of payments (BoP) during the first four months of the current fiscal year 2003-04.... 22 Jan, 2004
StanChart posts profit Himalayan News ServiceKathmandu, January 9The 17th annual general meeting of Standard Chartered Bank Nepal Ltd (SCBNL) was successfully convened at the Birendra International Convention Centre (BICC), Kathmandu, yesterday. "The year 2002-03 holds... 10 Jan, 2004
