India to cut fiscal deficit Agence France Presse New Delhi, July 5: India’s new left-leaning government implemented a law today binding it to slash the fiscal deficit and cut borrowings from the central bank, an official in the finance ministry said. The Fiscal Responsibility... 07 May, 2004
Fed prepares for rate hike Associted PressWashington, May 3:A replay of 1994?That’s one question facing Federal Reserve policy-makers when they meet tomorrow and try to determine how an economy accustomed to super-low interest rates will react to rising rates. A decade ago,... 04 May, 2004
BIZ BRIEFS Accord to reform customsKATHMANDU: An agreement was reached between the governments of Nepal and the People’s Republic of China on April 28 on making mobile container scan/vehicle x-ray inspection system available at Birgunj customs within a year.... 30 Apr, 2004
IMF paints rosy outlook for global economy Associated Press Washington, April 22:International Monetary Fund (IMF) is warning that its projections of stronger growth for the global economy could change if there are new terrorist attacks or a spike in oil prices.Finance ministers and central... 22 Apr, 2004
Financial sector reform II Privatisation is not a solution Devendra Pratap ShahFinancial Sector Reform (FSR) was an agenda discussed in the recently concluded pre-consultative meetings of Nepal Development Forum. A well-functioning financial service sector is essential for the country’s sustained economic... 20 Apr, 2004
Global outlook is brighter, says OECD The GuardianLondon, April 11:The outlook for the global economy is improving, although concerns are emerging about prospects for the United States and the eurozone, the Organisation for Economic Cooperation and Development (OECD) said. The Bank of... 11 Apr, 2004
NIDC employees flay liquidation proposal Himalayan News ServiceKathmandu, April 1:Employees of the financially crippled Nepal Industrial Development Corporation (NIDC) have criticised the government’s decision of liquidation of the state-owned enterprises as an ‘unjustifiable’ move. ... 02 Apr, 2004
BIZ BRIEFS NCC offers ‘Saving Plus’ KATHMANDU: Nepal Credit and Commerce Bank (NCC Bank) has introduced a special saving scheme ‘NCC Saving Plus’ for general customers, says a press statement issued by the bank. The scheme provides interest on the basis... 30 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
South Korea faces tough days ahead SEOUL: Prolonged political uncertainty over the impeachment of President Roh Moo-hyun could stall economic recovery in South Korea, the Bank of Korea warned on Tuesday. "There are concerns about a delay in the economic recovery and improvement in... 16 Mar, 2004
BIZ BRIEFS Monetary policy stable TOKYO: The Bank of Japan (BoJ) decided on Tuesday to leave its easy monetary policy unchanged, a position which the central bank governor said will be maintained until deflation disappears. The central bank’ said its... 16 Mar, 2004
China urged to support WTO talks’ resumption Associated Press Beijing, March 15:China shares Europe’s hopes for a quick resumption of World Trade Organisation (WTO) talks to promote freer trade, the European Union’s top trade official said today, citing “a common sense” that the process... 15 Mar, 2004
