The government has brought a budget of Rs 1.964 trillion for the fiscal year 2025/26, targeting 6% economic growth and aiming to keep inflation below 5.5%. Unveiling the fiscal plan in a joint session of the Federal Parliament on Thursday, May 29, Deputy Prime...
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Kathmandu: The stock market is slowing down further after the budget. Investors are surprised when the trading volume along with the index slows down. Even when there are talks of one policy reform after another for the stock market, the market has not stirred. It...
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Kathmandu. Manoj Kumar Gyawali has been appointed as the Chief Executive Officer (CEO) of Nabil Bank. The bank's board of directors meeting held on Thursday decided to appoint Gyawali as the CEO. His tenure will be 4 years effective from 22nd Jestha,...
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Kathmandu: There are many differences of opinion on the issue of separating bankers and entrepreneurs. In particular, entrepreneurs and bankers have been arguing that it should not be separated, while the regulatory body Nepal Rastra Bank has been trying to separate it.
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Kathmandu. The government has made arrangements through the budget for the fiscal year 2082/83 to allow tourists entering Nepal by air or land to bring foreign currency or traveler's checks equivalent to five thousand US dollars that can be exchanged in Nepal. It has been...
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Kathmandu. Two directors of Nepal Rastra Bank have been promoted to executive directors. Directors Dr. Dilliram Pokharel and Dirgha Rawal have been promoted to executive directors. With the promotion of two directors to executive directors of the central bank, some responsibilities have also been changed.
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Kathmandu: The US and China are in the midst of their second trade war in seven years. Earlier this year, President Trump announced an initial 34 percent tariff on China, which China retaliated with. For a time, both countries' tariffs were above 100 percent (i.e.,...
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Kathmandu. Many expected the stock market to gain momentum after the announced budget. Many expected the market to increase because the budget followed a market-friendly policy. The budget included issues such as keeping the capital gains tax on share transactions as it is, making a...
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Kathmandu. Two directors of Nepal Rastra Bank have been promoted to executive directors. Directors Dr. Dilliram Pokharel and Dirgha Rawal have been appointed as executive directors. With the promotion of two directors to executive directors of the central bank, some responsibilities have also been changed....
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BAFIA stands for Banks and Financial Institutions Act (BAFIA) 2073. Especially after the People's Movement 2062/63, various old laws were amended in time and the BAFIA Act 2063 was brought. It has 14 chapters and 134 sections. The act, which was later amended in 2073,...
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Kathmandu: Individual investors and hedge funds have had to pay millions of dollars in fines for manipulation or insider trading in the stock markets of developed countries. Although regulators in Nepal take such incidents as normal, those who engage in insider trading, cornering or any...
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Kathmandu: While President Donald Trump’s trade war continues to disrupt US financial markets, European stocks have emerged as the clear winner. As Europe’s economic outlook brightens, stock markets around the world have also performed well, Bloomberg writes.According to data compiled...
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Kathmandu: The base rate of banks and financial institutions has been continuously decreasing. As the base rate, which is considered the main determinant of interest rates, is decreasing, the interest rate that banks charge their customers is decreasing. In the last 1 year, the average...
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Kathmandu: Due to the prolonged recession in the economy, the ability of the general public to borrow is declining. Even though interest rates have come to a very low point, even residential home loans have not been able to increase. According to the data of...
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Kathmandu: India's central bank has taken another step towards internationalising the Indian rupee (INR). The Reserve Bank of India (RBI) is seeking the central government's approval for the first time to allow local banks to lend to foreign borrowers in Indian rupees, Reuters reported.
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