Monetary policy for FY 2074\75 made public

Kathmandu, July 9: Nepal Rastra Bank (NRB) today publicized a monetary policy for the fiscal year 2074\75 BS amid a programme in the Capital. Speaking at the event, NRB governor Dr Chiranjibi Nepal shared that monetary policy has prioritized agriculture, tourism, energy, small and cottage industries and liquidity management. Likewise, a NRB official said Nepal’s economic growth rate is satisfactory. “Nepal’s balance of payment is satisfactory, financial imbalance is decreasing and there is positive change in economy,” he said....

Farmer compensated for loss of goats in lightning strike

Myagdi, July 7: The District Livestock Service Office has compensated a farmer who incurred huge economic losses after his goats were killed in lightning strike at Myagdi’s remotest village – Dhaulagiri rural municipality 1 – last year. On August, 15, 2016, lightning strike killed 95 goats at a barn at Gurja’s Purano Buki area. The concerned farmer lost Rs 900,000 in the unfortunate incident. The farmer has received Rs 165, 000 in compensation, District Livestock Service Office, Animal Development...

Sajha extends Swoyambhu-Suryabinayak bus route to Sanga

Bhaktapur, July 6: The Sajha Yatayat has extended its Swayambhu of Kathmandu-Suryabinayak of Bhaktapur route to Sanga that borders with Kavre. The service was extended on the initiatives of people’s representatives of the Surya Binayak Municipality. The Sajha currently operates 20 buses in Bhaktapur and newly launched service will be available in the office hours (evening) until the next few days and the Sajha said it is waiting for the route approval from the Department of Transport Management to...

Mango production decreases in Siraha

Lahan, July 2: Production of mango has decreased in Siraha, known as the capital city of mango, this year. According to the District Agriculture Development Office, the mango production decreased this year due to disease and also due to the fact that the production was high last year. Horticulture officer Bindeshwor Yadav said that 43,428 metric tons of mango was produced in 5,170 hectare of land this year. The production was 42,057 metric tons in 4,950 hectares last year....

Bank is not a business firm: NRB governor

Kathmandu, June 30: Nepal Rastra Bank (NRB) Governor Dr. Chiranjibi Nepal has stressed on the need of enhancing the efficiency and transparency of banks and financial institutions. Inaugurating the integrated transactions of the Kumari Bank Limited here on Friday, the central bank governor called on the banks to reach the local levels (village level) as soon as possible since big economic activities are going to take place at the local level and big capital would be required there following...

Stock brokers halt NEPSE

Kathmandu, June 29: The domestic share market remained affected today due to protests from the stock brokers. Stock Brokers Association of Nepal obstructed the market, citing the lack of clarity in the provision regarding the pay of value added tax (VAT) while making transactions in the security market. Though the officials of Securities Board of Nepal (SEBON) and Association sat for talks to find a way out to the dispute, the meeting ended inconclusively thus prompting the stock brokers...

DoI to complete registration process through online

Kathmandu, June 19: The Department of Industry (DoI), strengthening the capacity of its online service launched four months ago to receive documents for the registration of industry, is to complete the entire registration process through an e-system. Onwards, the verification of documents will take place through the online system and will be forwarded to the authority concerned via the same channel. To date, the e-copies of documents sent to the Department by clients, seeking the registration of their business,...

Returnee migrants running resort by investing 15 million

Parbat, June 19: A resort named Blue Angels with the facility of swimming pool, the first of its kind in Dhaulagiri zone, is coming into operation soon as the construction work of the resort has reached the final stage. Three youth from Kushma Bazaar involved in different professions have made a total of Rs 15 million investments for the business venture located at Kushma Municipality-4, Parbat. Alok Shrestha, one of the investors said that very few construction works have...

Nepse suffers double-digit fall

Kathmandu, June 18: Having suffered a decline in past few days, Nepal Stock Exchange continued to fall by double-digit today. According to the Nepse, the market slid down by 13.61 points to 1,575 points. A total of 843,912 shares of the total 143 companies were traded worth Rs 590 million, the Nepse said. Sensitive Index has also decreased by 1.95 points. Banking group plunged by 17.4 points, hotel by 18.36 points, development bank by 10.93 points and hydropower by...

KMC overshoots advert revenue target by a whopping margin

Kathmandu, June 16: The Kathmandu Metropolitan City (KMC) collected more revenue generated from taxation on adverts than the set target and that too with just one month left till the end of the ongoing fiscal year. The KMC collected Rs 15.5 million more than the set target of Rs 50 million. KMC has so far raised Rs 65.5 million, said KMC Revenue Division Chief, Druba Kafle. Kafle added that the metropolis had collected Rs 41.7 million in the fiscal...

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