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Highest BoP deficit after 2010-11

The country’s balance of payments (BoP) situation faced deficit of Rs 9.27 billion in the fifth month of the current fiscal — the highest after...

NRB seeks hike in gold import quota

Due to the increasing demand for raw gold in the domestic market amid the ongoing season of wedding and other rituals, Nepal Rastra Bank (NRB)...

Volkswagen sales hit record of 10.74 million in 2017

German automaker Volkswagen had record sales of 10.74 million vehicles last year as markets in Brazil and Russia rebounded strongly.... ...

Credit crunch situation not as severe as believed earlier

Dispelling concerns about huge cash withdrawal for tax submission at the end of the second quarter, swift and prompt handling of the situation by the...

China’s economy set to slow to 6.5 percent in 2018 as government turns off cheap money: Reuters poll

China’s economy is expected to cool this year as a government-led crackdown on debt risks and factory pollution drag on overall activity, a Reuters poll...

‘Unpredictability in interest rate hampering the business climate’

While coming to the end of second quarter of this fiscal, banks and financial institutions are under pressure to maintain credit to core capital plus...

Nepal Telecom to distribute cash dividend

Nepal Telecom Company Limited has decided to provide Rs 55 in dividend per share from the profit of fiscal year 2073/074 BS.... ...

Funds in govt coffers can’t be transferred to banks: Panel

In a blow to banks reeling under the credit crunch, the study panel formed by the Ministry of Finance (MoF) has said that the ministry...

Insurance subgroup leads market rally

The secondary market index went up by 16.46 points or 1.15 per cent in the trading week between January 7 and 11.... ...

Tobacco products imports drop by 30 per cent

Owing to different government programmes in force to discourage consumption of tobacco, the import of tobacco products has come down lately.... ...

China’s new Silk Road hits political, financial hurdles

China's plan for a modern Silk Road of railways, ports and other facilities linking Asia with Europe hit a $14 billion pothole in Pakistan....

Clean feed to be implemented soon: Minister Basnet

The government is gearing up to implement the much delayed clean feed policy in the near future.... ...

Collective trademark for Nepali orthodox tea

The government has introduced a collective trademark for Nepali orthodox tea — Nepal Tea — in a bid to explore and enhance the market for...

Bank deposits growing at almost half the rate of loan expansion

Bankers seem to have largely ignored the credit crunch situation of the last fiscal, as credit expansion of banks is almost double than deposit collection...

NRB approves profit repatriation of Ncell

Following the Supreme Court’s verdict to allow the private telecommunication service provider Ncell to repatriate its profit, Nepal Rastra Bank (NRB) — the central regulatory...