NRB to Invest Rs 726.9 million in Fixed Deposit

NRB to Invest Rs 726.9 million in Fixed Deposit
Published on: 2017-02-24         212 views

February 24: Nepal Rastra Bank (NRB) is investing Rs 726.9 million on 'A' listed commercial banks, 'B' listed national level development banks and 'C' listed national level finance companies. The central bank is investing the funds accumulated in its various trusts as fixed deposits (FD) in the aforementioned banks and financial institutions (BFIs) from March 14 2017 to March 13. . . Read More »


NT's Festival Offer

NT's Festival Offer
Published on: 2017-02-24         112 views

February 24: Nepal Telecom (NT) has brought a festival offer for its customers on the occasion of Maha Shivaratri. Issuing a press statement, the company informed of providing new facility in its data pack as per the company's policy of providing telecommunication services in. . . Read More »


Sunrise and RBB to Finance Annapurna Cable Car Project

Sunrise and RBB to Finance Annapurna Cable Car Project
Published on: 2017-02-24         93 views

February 24: Annapurna Cable car to be constructed in Sarangkot of Kaski has obtained a consortium loan under the headship of Sunrise Bank. The cable car project which is ought to be 2.3 kilometres long will be jointly financed by Sunrise Bank and Rastriya Banijya Bank. The project is being constructed by Pokhara based tourism. . . Read More »


Garima Starts ATM Outlet in Beni

Garima Starts ATM Outlet in Beni
Published on: 2017-02-24         91 views

February 24: Garima Bikash Bank has started an ATM outlet in its Beni branch. The bank started the ATM as per its campaign of providing advance banking to its customers, said the bank in a press. . . Read More »


Bajaj Pulsar NS 160 “Power to Play” Launched in Nepal

Bajaj Pulsar NS 160 “Power to Play” Launched in Nepal
Published on: 2017-02-24         131 views

February 24: Hansraj Hulaschand & Co, the Sole distributor of Bajaj motorcycles for Nepal has launched Pulsar NS. . . Read More »


Free AC Service Camp of CG

Free AC Service Camp of CG
Published on: 2017-02-24         79 views

February 24: Chaudhary Group (CG) has started a free service camp for CG, LG and TCL brand of AC. The group is the authorised distributor of the brands in the Nepali market. Issuing a press statement, the company informed that the customers can exchange any brand of ACs with CG, LG or TCL brand of AC s in the camp. According to the company, the camp will be organised till March 10 in Kathmandu, Narayangadh, Butwal, Pokhara and Nepalgunj. Similarly, the group will organise the camp in Biratnagar, Itahari. . . Read More »


Private Sector Vital for Infrastructural Development: CNI

Private Sector Vital for Infrastructural Development: CNI
Published on: 2017-02-23         104 views

February 23: Organisers of Nepal Infrastructure Summit 2017 that was held on February 19/20 in Kathmandu has claimed of being successful. Confederation of Nepalese Industries (CNI), organiser of the summit, inviting a press meet on Wednesday, February 23 claimed that the summit was a success. The second session of Nepal Infrastructure Summit 2017 was organised with an object to start discussion on importance of private sector's participation in infrastructure development. The confederation opined that the summit proved private sector's importance in the construction of sustainable and secure infrastructural network for the development of the. . . Read More »


India Allocates Rs 91.5 Bn for Arun III

India Allocates Rs 91.5 Bn for Arun III
Published on: 2017-02-23         55 views

February 23: Indian Government has allocated Rs 91.57 billion for the construction of 900MW Arun III Hydroelectricity Project (HEP) located at Sankhuwashabha. The meeting of Indian cabinet of ministers under the chairmanship of Indian Prime Minister Narendra Modi on February 22 allocated INR Rs 57.23 billion for the HEP. According to online portal of Times of India, Indian Power Minister Piyush Goyal confirmed the news of HEP. "The HEP is expected to get a financial. . . Read More »


Financial Services through Mobile

Financial Services through Mobile
Published on: 2017-02-23         122 views

February 23: IME Digital solution and UK Aid Sakchhyam Project have entered into a partnership regarding providing payment and financial services through mobile phone in Nepal. The companies signed on an agreement paper amid a program on February 22 regarding the. . . Read More »


NIC Asia Capital Obtains Merchant Banking Approval

NIC Asia Capital Obtains Merchant Banking Approval
Published on: 2017-02-23         98 views

February 23: NIC Asia Capital, a subsidiary company of NIC Asia Bank has obtained an approval of merchant banker. The company obtained the approval of merchant banking services including issue managing, securities underwriting, share registration and investment management from Securities Board of Nepal (SEBON) as per the Securities Broker Regulation,. . . Read More »


Chhetri Bags Car in Berger Paints Prize Scheme

Chhetri Bags Car in Berger Paints Prize Scheme
Published on: 2017-02-23         75 views

February 23: Berger Paints has announced the winners of Berger 'RangManch Scheme'. According to the company, Pushpa Khatri Chhetri from Pokhara bagged Ford Figo as bumper prize under the scheme. Similarly, the company rewarded Pulsar 200 cc to Binod Rijal and Sangita Ale from Kathmandu and Pokhara respectively. Likewise, the company informed that it rewarded Samsung S 7 to three winners, 32 inches Sony Bravia TV to four winners. Moreover, the company rewarded 23. . . Read More »


Himalaya Airlines Supports Children

Himalaya Airlines Supports Children
Published on: 2017-02-23         79 views

February 23: Himalayan Airlines have supported children of Prayas Nepal with food and stationery items under its corporate social responsibility. The airlines supported the children home with 17 sacks of rice. . . Read More »


Renault's Test Drive

Renault's Test Drive
Published on: 2017-02-22         95 views

February 22: Advance Automobile, the authorised distributor of Renault vehicles for Nepal has organised Renault test drive in various cities in Nepal. Issuing a press statement, the company informed that the visitors can get experience of Renault cars in the test drive program which was kicked off on February. . . Read More »


Amendment in Monetary Policy: Relief to Industries; Tightens Trade

Amendment in Monetary Policy: Relief to Industries; Tightens Trade
Published on: 2017-02-22         111 views

February 22: Nepal Rastra Bank has attempted to provide relief to the productive sector of the country through the amendment of monetary policy of the current FY. The big industrial projects were in problem due to the abnormal increase in interest rate of loans caused by lack of liquidity in banking system since last few months. Moreover, credit to core. . . Read More »


Insurance Companies Record 60% Raise in Net Profit

Insurance Companies Record 60% Raise in Net Profit
Published on: 2017-02-22         134 views

February 22: In the second quarter of the current FY, the 17 insurance companies have logged 60.12 per cent increase in their net profit. According to the unaudited second quarter financial report of the companies, the net profit of the companies reached Rs 1.28 billion. Such profit was Rs 799.8 million during the corresponding period of the last. . . Read More »


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While You Rule the Roost…

While You Rule the Roost…

By Madan Lamsal

When the issue of who should be appointed the new chairman of the Insurance Board (IB) cropped up in a Cabinet meeting a few weeks ago, the Finance Minister took out a name-list from one of the pockets of his . . . read more »