Category/exclusive-news (Total Articles : 2498 )
Corona insurance : Strictly underwriting instructions follow up
The Regulatory Insurance Committee has directed to tighten the corona insurance.Under Corona Insurance, which started on April 22, there is a facility to purchase two types of insurance policies at Rs 50,000 and Rs 100,000 respectively.
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Corona effect : 30 % of bank employees may losing their jobs
Banks and financial institutions plan for staff cuts to reduce costs when economic activity stops due to lock-down (covid-19).Currently, contract employees are most affected in the banking sector. Banks and financial institutions are now cutting down on temporary and outsourced...
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Rs 6 billion monthly relief to recover the economy - Dr. Shankar Sharma
Kathmandu. The economist Dr. Shankar Sharma has said that the economy is in a serious crisis due to the corona virus. He said that Rs 6 billion monthly relief is needed for the people who have lost their jobs. He stressed on the need for...
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Development Bank earns Rs 4 billion profit: Growth rate 7.78 percent higher than commercial bank
Kathmandu. As of mid-April 2020 of the current fiscal year, 10 national level development banks have earned net profit of around Rs 4 billion.The 10 operating development banks have earned a profit of Rs 3.92 billion as of mid-April. Profit...
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Attraction in Corona Insurance, 130,000 insured
In Nepal, the Corona insurance policy brought by the Insurance Committee targeting Covid (19) has attracted a lot of people. So far, more than 130,000 people have taken out Corona insurance.Chairman of the Non-Life Insurance Association Deep Panda said that...
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21 commercial banks reduce the base rates
More benefit to borrowersKathmandu. The base rate of 21 commercial banks has decreased in April. The base rate of Nepal Investment Bank has remained the same while the base rate of the remaining five banks has increased.Bank of...
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Corona effect :The world economy contracted by 3.0 percent
According to the World Economic Outlook published by the International Monetary Fund in April, the global economy is expected to shrink by 3.0 percent by 2020 due to the global corona epidemic. Similarly, according to the Central Statistics Office, Nepal's economic growth is projected to...
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Gold price rises above 90,000 per tola
Gold prices have been rising in the international market due to Corona virus Covid-19.At present, the price of gold per ounce in the international market has reached 1754 US dollars. Calculating this price according to the exchange rate of Nepali...
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Himalayan Bank's profit exceeds Rs 2 billion
Himalayan Bank has increased its paid up capital to Rs 9.37 billion. The reserve fund has increased by 28 percent this year as compared to last year. The reserve fund amount, which was more than Rs 5.30 billion last year, has been maintained at more...
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The Nepal government must be serious lost economy from COVID -19 - Binod Chaudhary
Nepal's economy is in its worst state due to the Corona virus Covid-19. The International Monetary Fund (IMF) has projected Nepal's economic growth to be only 1 percent, calling it worse than in 2008.The United Nations has noted that 44...
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ADB Commits around 30 Billion Loans support to Nepal
Finance Minister Dr.Yuvaraj Khatiwada and Asian Development Bank's President Masachugu talked to further support for Nepal's development .During the talks, ADB commits 250 million dollor (around 30 Billion Nepalese rupees) loans to protect Nepal's...
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NRB relief package : Loan within 7 days, 5% interest rate Only, 2 percent discount on current loan interest, interest rate cannot be increased for 6 months
Corona affected business's 2 percent discount on loan interestNepal Rastra Bank has brought relief package for the businessmen affected by Corona. NRB has made an arrangement to give 2 percent discount in interest to entrepreneurs and allow...
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Interest rates zero, Banks around the world, what are Nepal's banks doing?
The corona virus has caused a worldwide economic downturn. Industries and businesses are closed. Rich countries have slashed bank interest rates to zero percent. During the economic crisis, the head of the US Federal Reserve took special steps to reduce interest rates to zero.
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The financial progress of NIC Asia Microfinance, Issuing biggest IPO fund
The progress of NIC Asia Microfinance, which is the largest of the microfinance institutions, has applied to the Securities and Exchange Board to sell its primary shares worth Rs 475.5 million.NIC Asia Microfinance has earned a net profit of Rs...
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The corona crisis does not collapse the stock market
The corona virus has caused an extreme crisis in the world economy. The ADB estimates that the global economy will lose 4.1 trillion due to the Corona virus epidemic. The ADB has warned that the Kovid-19 epidemic in the United States, Europe and other countries...
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