ECONOMY
NRB moves to lower interest rates
NRB moves to lower interest rates
KATHMANDU, July 12: Nepal Rastra Bank (NRB) has brought in monetary policy for the upcoming fiscal year 2018/19 with a number of measures aimed at addressing the skyrocketing lending rates in recent months.
Jul 12, 2018
SOCIETY
Dr KC ready for talks with govt through team
Dr KC ready for talks with govt through team
KATHMANDU, July 12: Dr Govinda KC, senior orthopedic surgeon and professor at the Institute of Medicine (IOM), has refuted the accusation by government officials that he was not ready for talks.
Jul 12, 2018
ECONOMY
Banks can now count subsidized edu loans as deprived sector credit
Banks can now count subsidized edu loans as deprived sector...
KATHMANDU, July 12: The Nepal Rastra Bank (NRB) has introduced a provision in the Monetary Policy for Fiscal Year 2018/19 which allows banks to count loans against academic certificates, and higher education loans for students of marginalized and Dalit community, among others, as deprived sector len...
Jul 12, 2018
ECONOMY
NRB tightens personal overdraft, resources to stock market
NRB tightens personal overdraft, resources to stock market
KATHMANDU, July 12: Nepal Rastra Bank (NRB) has controlled the flow of investment of bank and financial institutions (BFIs) toward revolving type of credit including overdraft. Unveiling the Monetary Policy for Fiscal Year 2018/19, the central bank reduced the limit of personal overdraft loan to Rs...
Jul 12, 2018
POLITICS
RJPN may pick PP leader through vote Saturday
RJPN may pick PP leader through vote Saturday
KATHMANDU, July 12: As consensus appears elusive among the aspirants for the post of parliamentary party (PP) leader in the Rastriya Janata Party-Nepal (RJP-N), the party is set to elect its PP leader through election on Saturday.
Jul 12, 2018
SOCIETY
20 meters of Narayanghat- Mugling road subsides 1 foot
20 meters of Narayanghat- Mugling road subsides 1 foot
CHITWAN, July 12: A 20 meters length of the newly-widened Narayanghat-Mugling road subsided about 1 foot near Gaighat on Tuesday evening. Traffic has been made one-way along the damaged section.
Jul 12, 2018
ECONOMY
Paddy transplantation lower in eastern tarai
Paddy transplantation lower in eastern tarai
KATHMANDU, July 12: Paddy transplantation in eastern tarai districts is lower this season compared to other parts of the country. According to the report, paddy transplantation has been done on 30,625 hectares of land in Jhapa, 13,200 hectares in Morang, 11,000 hectares in Sunsari, 8,100 hectares in...
Jul 12, 2018
POLITICS
PM instructs minister to end transport syndicate
PM instructs minister to end transport syndicate
KATHMANDU, July 12: Prime Minister KP Oli has expressed concerns over the failure of the Ministry of Physical Infrastructure and Transportation to take necessary measures to fully end syndicate in public transportation.
Jul 12, 2018
SOCIETY
Tippers banned on Suryabinayak - Koteshwar road during busy hours
Tippers banned on Suryabinayak - Koteshwar road during busy...
KATHMANDU, July 12: Due to a spate of road deaths, mainly of motorcyclists, in accidents involving tippers, the government has decided to restrict tippers and other cargo vehicles to ply the Suryabinayak-Koteshwar section of the Arniko Highway during rush hours. The ban has been effected from Wednes...
Jul 12, 2018
SOCIETY
53 die, 9 missing in rain-related incidents in past 9 days
53 die, 9 missing in rain-related incidents in past 9 days
KATHMANDU, July 12: A total of 53 individuals died, nine have gone missing and 22 were injured in various monsoon-related incidents across the country in the last nine days.
Jul 12, 2018