14.74 trillion budget, how much in which Sector ? (Budget Highlights)

NRB New circular :Banks not to increase 0.50 % interest rate on FD

Nepal Rastra Bank has curtailed the right of banks and financial institutions to increase interest rates on deposits. NRB amends Unified Guideline 2076. Bank will not be allowed to fix higher interest rate on call deposit and institutional term deposit than the minimum set by...

Income tax exemption from 25 to 75 percent to the business Industry in the budget

Kathmandu. Finance Minister Dr. Yuvaraj Khatiwada has announced to give special exemption in income tax to small industrialists and businessmen in the budget of the fiscal year 2077/78. The budget of the Fiscal Year 2077/78 has given a large amount of income tax exemption to...

All the branches of the bank must invest in soft-loan fiscal year

Kathmandu. The government has announced in the budget of the coming fiscal year that all the branches of the bank must invest in concessional loans.A branch of a commercial bank has to provide soft loan to at least 10 people....

Rs. 1474.64 billion Budget announced for the fiscal year 2077/078

Finance Minister Dr. Yubaraj Khatiwada has announced the budget of Rs. 1474.64 billion for the fiscal year 2077/078.Of this, Rs. 948.94 billion has been allocated for current expenditure, Rs. 352 billion for capital expenditure and Rs. 172 billion...

China prepares to introduce digital Yuan by 2022

China is preparing to introduce the digital yuan in 2022. China is currently embarking on a digital yuan currency pilot project called E-RMB.The Central Bank of China, the People's Bank of China, has started work on the project in four...

21 Development Bank's profit increased by 10.39 percent

In the third quarter of the current fiscal year, the profit of 21 development banks has increased by an average of 10.39 percent. The profit growth rate of development banks is 2.36 percent higher than that of commercial banks.In the third quarter, 21 development...

61 percent citizens have Bank accounts in Nepal

As the government has promoted financial access, it has been found that about 61 percent of the people have bank accounts in banks and financial institutions. By mid-February of the current fiscal year, 746 out of the total 753 branches of commercial banks have been...

Corona impacts, Rs 168 billion loss on economy: NRB

This is stated in the third quarterly review of the monetary policy of Nepal Rastra Bank (NRB), which has caused a loss of more than Rs 168 billion to the Nepalese economy due to the corona virus infection. With an average economic growth of 7.3...

32 trillion investment of banks and finance at risk - Experts

Effect of Corona Covid-19Banks and financial sector investments are at risk due to the corona virus (Covid-19). Investments by banks and the financial sector to be at risk as uncertainty grows about when will the corona virus ended.

18 commercial banks issued 52.60 billion bonds

Kathmandu. Bonds of Rs. 52.60 billion have been issued up to the third quarter of the current Fiscal Year 2076/77.The Nepal Rastra Bank (NRB) said in a quarterly review of monetary policy that 18 commercial banks had issued bonds worth...

The current economic growth rate will be 2.3 percent only

Kathmandu. The economic growth rate will fall to 2.3 percent this fiscal year. Yuvaraj Khatiwada has told. Announcing the Economic Survey Report 076 and 77 in the Federal Parliament, the Finance Minister has estimated that the economic growth rate will shrink to 2.3 percent in...

The current economic growth rate will be 2.3 percent only

Kathmandu. The economic growth rate will fall to 2.3 percent this fiscal year. Yuvaraj Khatiwada has told. Announcing the Economic Survey Report 076 and 77 in the Federal Parliament, the Finance Minister has estimated that the economic growth rate will shrink to 2.3 percent in...

Remittances decreased by Rs 67 billion in Nepal

Kathmandu. While reviewing the monetary policy, Nepal Rastra Bank has informed that there has been a sharp decline in remittances. According to NRB, remittance of Rs 75.48 billion was received in April last year.In the corresponding month of the previous...

The government will pay amount for 2 months of social security fund

Kathmandu. The government will pay the amount of the social security fund. Addressing the nation, Prime Minister KP Sharma Oli said that the government would pay the amount for the lock-down period. He recently announced that the government would pay the contribution to the social security fund.