Mahat slams Khatiwada's white paper Kathmandu, April 2 Former finance minister and leader of opposition party Nepali Congress, Ram Sharan Mahat has criticised the white paper recently presented by Finance Minister Yubaraj Khatiwada as ‘misleading' and ‘an attempt to defame the... 03 Apr, 2018
NBA formally halts interbank lending to NIC Asia Bank Kathmandu, March 11 Following the decision of the executive meeting of Nepal Bankers’ Association (NBA) to halt interbank transaction with NIC Asia Bank on Friday, a meeting of all the member banks of NBA, excluding NIC Asia Bank, endorsed the... 12 Mar, 2018
Majority of banks halt credit disbursement At a time when the government has been setting an annual target of seven to eight per cent growth for the next decade, banks and financial institutions are passing through a perennial crisis of loanable funds and a majority of the banks have halted... 09 Mar, 2018
MoF revises down spending target, growth rate Kathmandu, March 7 Stating that the government will not be able to spend the resources allocated in the fiscal budget 2017-18, the Ministry of Finance (MoF) has brought down the expenditure target to Rs 1,082.99 billion from Rs 1,278.99 billion... 08 Mar, 2018
Local units to receive Rs 75 billion today Kathmandu, November 16 The Ministry of Finance (MoF) is transferring the second instalment of government grant worth Rs 75 billion to all 753 local units tomorrow. As per the provision of the Appropriation Act, the government has to release the... 17 Nov, 2017
Schedule to release grant may be deferred KATHMANDU: The Ministry of Finance (MoF) may defer the schedule of release of second instalment of the grant to local bodies due to lack of resources. As per the provision of Appropriation Act, the government has to release the first instalment to... 31 Oct, 2017
Rs 88.53bn raised from domestic borrowing Kathmandu, July 5 The Ministry of Finance (MoF) has raised debt worth Rs 88.53 billion from the domestic market to maintain the budget deficit of current fiscal year 2016-17. The government had initially proposed to raise Rs 111 billion through... 06 Jul, 2017
EDITORIAL: Cash crunch The CRR provision will compel the BFIs to make investments only in the productive sectors that ensure employment opportunity and stimulate the domestic economy Private banks and financial institutions (BFIs) have urged Nepal Rastra Bank (NRB), the... 27 Jun, 2017
Pvt sector urges central bank to reduce CRR Kathmandu, June 25 The private sector has urged Nepal Rastra Bank (NRB) to reduce the cash reserve ratio (CRR) for banks and financial institutions (BFIs) by one per cent through the Monetary Policy for next fiscal. NRB is preparing to unveil... 26 Jun, 2017
Lending growth surges 20pc despite low deposit collection Kathmandu, June 1 Commercial banks have mobilised a total of Rs 278 billion credit in the first 10-and-a-half months of the current fiscal 2016-17 against deposit collection (in local currency) of Rs 212 billion. According to data unveiled by... 02 Jun, 2017
Govt unlikely to meet revised capex target Kathmandu, May 27 It seems the government will miss the revised target of capital budget spending as capital expenditure stands at just Rs 104.92 billion against the revised target of Rs 262 billion in the first 10-and-a-half months of this... 28 May, 2017
Central bank holds pre-budget discussion with private sector Kathmandu, May 8 Private sector has said that the next fiscal budget should focus on increasing investment in the infrastructure to bridge the yawning infrastructure gap, raise the competitiveness of production sector and attract investment in... 09 May, 2017
