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
Biz briefs Accounts body in offingKATHMANDU: Eight Asian countries, including Nepal have set up the Asian Governmental Accounts Association with an objective of promoting professional understanding among governmental accounts institutions and exchange technical... 12 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
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
Euro-area experts raise growth forecast A regular survey of professional economic forecasters conducted by the European Central Bank showed that they expect the euro-zone economy to grow by 1.4 per cent this year, fractionally faster than previously anticipated, the ECB said on Thursday. In... 09 May, 2002
