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Commerce and Economy

Monitory crisis in offing

By Our Reporter Commercial banks have increased interest rates to attract deposits as they have seen liquidity crunch in the offing. The Banks had expected liquidity flow after the elections. Money came in the market during the elections but that money didn’t reach to the Banks as expected. This means, …

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Germany grants EUR 15 million for transmission line

By Our Reporter The Government of Germany has agreed to provide Nepal with an additional development grant of EUR 15 million, which will go towards building 43 Kilometer Damauli-Lekhnath hydro electricity transmission line. In November 2016 the German Government had committed EUR 16 million for a transmission line project under …

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Sunrise Bank holds 10th AGM


By Our Reporter Sunrise Bank Ltd held its 10th AGM on 19 December. The AGM was chaired by Bank’s chairman of the Bord of Directors, Motilal Dugger. The Bank has distributed 15 percent bonus share to its shareholders. The Bank has now reached its paid-up capital above eight billion rupees.

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Machhapuchre Bank hands over medical equipments


By Our Reporter Machhapuchre Bank Ltd under its social responsibility programme has donated medical equipments to the Myagdi District Hospital in Beni. The equipments and medicines worth Rs. 119 thousand rupees are useful for treatment of eye, nose, ear and child treatment. The equipments were handed over to Madhab Regmi, …

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“IME Chhakka Panja” final result announced


By Our Reporter The final winner of IME’s Dashain Campaign “IME Chhakka Panja Offer” has been announced and IME customer Nilamani Rokaya has become the winner of the campaign in the bumper lucky draw. He had remitted the money from Malaysia to his families in Nepal. He or his nominee …

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Mega Bank to invest on deprived community


By Our Reporter Mega Bank Ltd has announced to reach its investment by four billion rupees for deprived community by end of the current fiscal year, informed its acting chief executive office Anupama Khunjeli. The Bank has already invested two billion rupees to this community and by the end of …

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Japan provides mobile clinic car


By Our Reporter Ambassador of Japan Masashi Ogawa signed a grant contract for providing a mobile clinic car to the Phul Kumari Mahato Memorial Hospital in Siraha District. The grant contract was signed between the Embassy of Japan and the chairman of the hospital, Dr. Upendra Mahato. The grant assistance …

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Left alliance to give stable government and economic development

By Our Reporter The UML and Maoist Center have already managed two-thirds majority in the House of Representatives and Province Parliament elections. If both the parties will get better results in proportional election, in that case, the Left alliance will be able to manage two-thirds majority dominance. However, the UML …

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Easy to send money home from India


By Our Reporter IME Ltd. and Muthoot Finance have signed an agreement for Indo-Nepal remittance services amid a program at IME’s corporate office in Panipokhari, Kathmandu. Khilendra Paudel, Chief Operating Officer of IME and K.R. Bijimon Chief General Manager of Muthoot Finance signed the agreement. The program was attended by …

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Japanese support for Disaster Risk Reduction Project


By Our Reporter Japan is providing financial assistance of US dollars 419,859 to Sharpla Neer – Citizens’ Committee in Japan for overseas support under the grant assistance for Japanese NGO projects scheme. Shapla Neer, an international NGO based in Japan, will work with a Nepalese partner NGO, Rural Reconstruction Nepal …

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