Policy change fails to curb misuse of letter of credit Himalayan News ServiceKathmandu, May 29Nepal Rastra Bank (NRB), the central bank of Nepal, changed its policy on issuing letters of credit (L/C) four months ago, following a brief slump in Nepal’s business scenario. But the new policy has failed to... 29 May, 2002
Plastic notes of Rs 10 to be issued by October Himalayan News Service Kathmandu, May 25The Nepal Rastra Bank (NRB and Note Printing Australia (NPA) Limited have signed a contract for printing 50 million plastic ten-rupee banknotes to be circulated in Nepal. The printing of the polymer notes, which... 25 May, 2002
Survival strategies, stability to be major concerns in coming budget Economists and experts have urged for survival strategies — guaranteeing stability and peace as key factors to be incorporated in the forthcoming budget 2002-03. They also suggested introducing flexible fiscal policies and more spending on social... 24 May, 2002
RBB handover chaos likely to be resolved The much awaited handover of the management of Rastriya Banijya Bank (RBB), one of the country’s two most pioneering commercial banks, is in the process of management-handover. This had once seemed like a distant concept, but is now just round the... 13 May, 2002
GDP increment less by 1 per cent The Gross Domestic Product (GDP) of the country during this fiscal year is expected to increase by 0.84 per cent at fixed prices of the year 1994/95 and by 4.35 per cent at current price value, as compared to the previous year. Similarly, the annual... 09 May, 2002
