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BFIs cut lending rates by 1.57 percentage points over the past year due to excess liquidity

Nepal, Feb. 6 -- Banks and financial institutions (BFIs) lowered interest rates on both loans and deposits over the past year as weak economic activity and excess liquidity constrained business growth... Read More


One killed in 'syringe' attack in Jhapa

Nepal, Feb. 6 -- One person has been killed in a syringe attack in Bhadrakpur Municipality-10, Satrabighe, Jhapa. According to the District Police Office, local Khem Dhakal died after being attacked b... Read More


Directives issued to control price hike of daily essentials

Nepal, Feb. 5 -- The Department of Commerce, Supplies and Consumer Protection has directed producers, importers and distributors to stop the sudden and unjustified price hike seen in daily consumer go... Read More


When Cost-Cutting Threatens Universal Health Coverage

Nepal, Feb. 5 -- The Constitution has guaranteed citizens' right to health. In a country with a democratic system of governance like ours, ordinary citizens must be ensured access, particularly to the... Read More


Singapore Installs the Gen Z Governance Kernel

Nepal, Feb. 5 -- Forget tiny upgrades. Gen Z does not want a patched version of democracy or bureaucracy. They want a FORK-a government designed for their era. In software development, "forking" refe... Read More


Govt limits funding assurance for multi-year projects to three years

Nepal, Feb. 5 -- The government has capped the validity of its budgetary funding assurance for multi-year contract projects at a maximum of three fiscal years. Issuing a new guideline on Wednesday, t... Read More


BFIs focus on short term loans to minimize risks amid increasing bad debts

Nepal, Feb. 5 -- Banks and financial institutions (BFIs) increased private sector lending by 3.4 percent in the first six months of the current fiscal year (FY), with a growing focus on short-term and... Read More


Seven, including five Bangladeshis, arrested for unlawful confinement, fraud

Nepal, Feb. 5 -- Nepal Police have arrested a gang involved in unlawful confinement and fraud. A team from the Kathmandu District Police Range arrested seven people who allegedly rented a house in Bh... Read More


Forex Updates: USD selling at Rs 145, euro at 171.22

Nepal, Feb. 5 -- The buying rate for one pound sterling is Rs 197.91, and the selling rate is Rs 198.73. One Swiss franc is being bought at Rs 185.89 and sold at Rs 186.66. One Australian dollar has ... Read More


Oli's dig at Balen: A passenger claiming to fly the plane is risky

Nepal, Feb. 5 -- CPN UML chair KP Sharma Oli has said that a person sitting on a plane as a passenger claiming to fly it is not only irrelevant but also risky. Addressing an interaction program organ... Read More