English News
NRB to issues development Treasury Bill worth Rs 10 billion tomorrow
Sunakhari News/Kathmandu. The Nepal Rastra Bank (NRB) is all set to issue a Treasury Bill worth Rs 10 billion on Thursday. The central bank has planned to issue the 'Development Treasury Bill 2086 (Cha)' on July 6 with a term of six years. It may be noted that the government uses the Development Treasury Bill as a tool to raise public debt. Banks and finances, non- bank and finance institutions, insurance companies and organised institutions and common people can purchase it. ....
Around 750,000 Nepali get labour permits in 11 and half months
Sunakhari News/Kathmandu. The number of people acquiring new labour permits is reported to be increasing. According to the Department of Foreign Employment, around 750,000 Nepali people got labour permits as of July 1 of the current fiscal year, 2022/23 that is ending on July 16 as compared to around 650,000 in the previous year. According to the Department director and information officer Gurudatta Subedi, 740,000 foreign job aspirants have acquired labour permits, and most of t....
Municipality provides grant to farmers for milk production
Sunakhari News/Kathmandu. Kawaswoti municipality in Nawalparasi (Bardaghat-Susta-East) has provided grant to the milk producer farmers. The municipality has distributed grant to the farmers based on the volume of milk production. As informed, the municipality has provided grant amounting to over Rs 2.6 million. Chief of Kawaswoti Municipality Livestock Development Section, Dr Tekraj Poudel said the municipality offered Rs 1.5 in grant for each liter to encourage milk production. In the curren....
ADB Approves Support for Strengthening of Customs and Logistics Sector in Nepal
Sunakhari News/ Kathmandu.The Asian Development Bank (ADB) has approved a $50 million loan to support the implementation of policy reforms by the Government of Nepal to help improve its domestic and international trade. In fiscal year 2022, trade and industry contributed 14.1% to Nepal’s gross domestic product (GDP). The government is pushing to increase the contribution of trade to GDP by improving the trade and export promotion environment and strengthening the supply chain of primary pro....
Nepal becoming a destination for foreign filmmakers
Kathmandu, June 10 (RSS): Film shooting of Indian movies and web series has been increasing in Nepal since the recent past. Though Nepal had become filming location for documentaries produced in English language, the number of Indian films that were shot here had not increased much. Two years ago, the movie 'Uunchai' was shot in Nepal for a month. The country got much needed publicity through this film starring popular Indian artists like Amitabh Bachchan, Anupam K....
SEBON responsible for promoting investment of 5.6 million investors in capital market: Minister Mahat
Sunakhari News/ Kathmandu. Finance Minister Dr Prakash Sharan Mahat has said the Securities Board of Nepal (SEBON) has its significant role in the investment sector. In his address to the 31st anniversary of the SEBON here today, the Minister was of the view that the share market had its special charm in view of investment and income. So the roles and responsibilities of the Board have obviously increased. It was the responsibility of the Board to ensure securit....
Global Economy on Precarious Footing Amid High Interest Rates
Sunakhari News/ Kathmandu. Global growth has slowed sharply and the risk of financial stress in emerging market and developing economies (EMDEs) is intensifying amid elevated global interest rates, according to the World Bank’s latest Global Economic Prospects report. Global growth is projected to decelerate from 3.1% in 2022 to 2.1% in 2023. In EMDEs other than China, growth is set to slow to 2.9% this year from 4.1% last year. These forecasts reflect broad-based downgrades. &....
IFC’s Invests USD 55 Million in Nepal’s Financial Sector to Support SME Growth and Green Finance
Sunakhari News/Kathmandu. IFC’s $55 million for Siddhartha Bank Limited (SBL) will support the bank in increasing access to finance for small businesses, while also fostering climate finance in Nepal. IFC has been supporting the growth of Nepal’s financial sector for the past two decades, and this is our largest investment in any financial institution in the country. This investment is also the first ever foreign currency syndicated loan facility in the financial sector in Nepal....
Nepal’s Growth Faces Slowdown Amidst Domestic and External Challenges
Sunakhari News /Kathmandu - Growth in Nepal this year will be slower than previously projected due to the impacts of import restrictions, monetary policy tightening, higher inflation, and shrinking government expenditure reflecting lower government revenue, according to the World Bank’s twice-a-year country update. Released today, the latest Nepal Development Update (April 2023): Fine-Tuning Policy in a Turbulent Environment, projects Nepal’s economy to grow by 4.1 percent in FY23, a ....
Aleksandar mitrović a fulham striker recieved eight game ban for pushing refree
Sunakhari/Kathmandu-Fulham's Aleksandar Mitrovic has been given an eight-match ban by an independent commission after pushing referee Chris Kavanagh in their FA Cup loss at Manchester United. The Serbia striker received a three-match ban for the sending off, three for violent conduct and an additional two for "improper, abusive, insulting and threatening" language. He will also receive a £75,000 fine.fulham manager Marco Silva will serve a two-match ban after he was sent off.In add....