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Guideline on seed capital for startups awaits cabinet’s nod for implementation

KATHMANDU: The government is preparing a working guideline to provide startups with collateral free subsidized loans of up to Rs 2.5 million. According to the Ministry of Industry, Commerce and Supplies (MoICS), the Ministry of Finance (MoF) approved the final draft of the guideline last week. “After the Cabinet...

Guideline on seed capital for startups awaits cabinet’s nod for implementation
NRB makes stricter rules for microfinance loans

NRB makes stricter rules for microfinance loans

Gold and silver traders accuse police administration of causing unnecessary hassles

Gold and silver traders accuse police administration of causing unnecessary hassles

NRB introducing provision to bar a person from taking loans from multiple microfinance institutions

NRB introducing provision to bar a person from taking loans from multiple microfinance institutions

NRB released IES for Q2 of FY 2022/23

NRB released IES for Q2 of FY 2022/23

MFIs agree to return Rs 1.60 bn that they had illegally collected from clients

MFIs agree to return Rs 1.60 bn that they had illegally collected from clients

budget size cut by 14% as current fiscal’s economic growth target unlikely to be achieved

budget size cut by 14% as current fiscal’s economic growth target unlikely to be achieved

Nepal, World Bank launch $100m water sector governance and infrastructure support project

Nepal, World Bank launch $100m water sector governance and infrastructure support project

Monetary policy review: NRB gives relief to borrowers

Monetary policy review: NRB gives relief to borrowers

Foreign investors repatriated earnings of Rs 22.55 billion in FY 2021/22

Foreign investors repatriated earnings of Rs 22.55 billion in FY 2021/22

Commercial banks are found increasingly violating the financial related laws

Commercial banks are found increasingly violating the financial related laws

Nepal received FDI of Rs 2.55 billion, a drop of 80 percent

Nepal received FDI of Rs 2.55 billion, a drop of 80 percent

Inflation at 7.26%, foreign currency reserve enough to cover 9.1 months import

Inflation at 7.26%, foreign currency reserve enough to cover 9.1 months import

8 arrested for hacking bank accounts using mobile apps

8 arrested for hacking bank accounts using mobile apps

Himalaya SJB Rana, first Nepal Rastra Bank Governor passes away

Himalaya SJB Rana, first Nepal Rastra Bank Governor passes away

World Bank sees rising risk of global recession in 2023

World Bank sees rising risk of global recession in 2023

NRB taken away free interbank ATM facility

NRB taken away free interbank ATM facility

Government struggles to raise money as MoF announces austerity measures

Government struggles to raise money as MoF announces austerity measures

India pledges grant amount of Rs 8.8 billion to Nepal for FY 2023/24

India pledges grant amount of Rs 8.8 billion to Nepal for FY 2023/24

Bill on money laundering to be amended through fast track process

Bill on money laundering to be amended through fast track process

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