India to Provide Promised Monetary Support for Development of Janakpurdham 

November 19: Bharatiya Janata Party (BJP), India's ruling party, has assured that the monetary assistance of Rs 1 billion pledged by India's Prime Minister Narendra Modi for the development of Janakpurdham would be provided…

Finance Minister Stresses on Simplifying Development Laws
Finance Minister Stresses on Simplifying Development Laws
  0   1 minutes 41 seconds to read

November 19: Finance Minister Janardan Sharma has said that the government is ready to operate big projects without any obstructions and to facilitate the development…

Nepal and India Discuss Energy Cooperation   
Nepal and India Discuss Energy Cooperation   
  0   1 minutes 2 seconds to read

November 19: The energy secretaries of Nepal and India discussed various aspects of energy cooperation between the two…

CAAN Fails to Pass its Budget 
CAAN Fails to Pass its Budget 
  0   4 minutes 0 seconds to read

November 18: Even though the first quarter of the current fiscal year has already completed, the Civil Aviation Authority of Nepal has failed to pass its budget for the current fiscal…

Bankers ask NRB to raise CD Ratio to 92 Percent
Bankers ask NRB to raise CD Ratio to 92 Percent
  0   3 minutes 25 seconds to read

November 18: Banks have demanded an increase in the Credit Deposit (CD) ratio to address the liquidity crunch in the banking sector.…

Government to Set up Mechanism to Hear Taxpayers' Complaints   
Government to Set up Mechanism to Hear Taxpayers' Complaints   
  0   3 minutes 16 seconds to read

November 18: Finance Minister Janardan Sharma has said that the government is committed to make the taxation system and the tax administration systematic and accountable to the…

IRD Felicitates Highest Taxpayers
IRD Felicitates Highest Taxpayers
  0   1 minutes 56 seconds to read

November 17: The Inland Revenue Department has felicitated the highest taxpayers in the fiscal year 2020/21 in various categories on the occasion of the 10th National Tax…

NRB Report Paints Mixed Picture of Economy
NRB Report Paints Mixed Picture of Economy
  0   3 minutes 2 seconds to read

NRB Report Paints Mixed Picture of Economy November 17: The Current Macroeconomic and Financial Situation Report of the country published by Nepal Rastra Bank (NRB) paints a mixed picture of the economy. The report which has provided data of the first three months of the current fiscal year, shows some indicators improving while some others deteriorating. According to the report, foreign exchange reserves have further declined while the current account deficit has increased significantly. Similarly, inflation has increased and remittance inflow has declined further. The gross foreign exchange reserves decreased 5.7 percent to Rs.1319.32 billion in mid-October 2021 from Rs.1399.02 billion in mid-July 2021. In the US Dollar terms, the gross foreign exchange reserves decreased 6.5 percent to 10.98 billion in…