January 17, 2022, Monday

Finance

Nepal reeling under fertilizer shortage as China reluctant to supply it on time

Nepal reeling under fertilizer shortage as China reluctant to supply it on time

KATHMANDU: Nepal faces a shortage of fertilizer as China has been reluctant to supply chemical fertilizer to Nepal as per the agreement. The northern neighbor, China, which earlier showed a big-brotherly attitude by encroaching Nepal’s land in the Humla district, has come under yet another controversy due to its failure to provide chemical fertilizer to…

FDI in first five months of current FY increases by 49.6 percent; Govt’s capital expenditure stands at 13.44 percent

FDI in first five months of current FY increases by 49.6 percent; Govt’s capital expenditure stands at 13.44 percent

KATHMANDU: Out of Rs 378.09 billion allocated for the Fiscal Year 2021/22, the government has spent Rs 50.80 billion from mid-July and mid-January, the Financial Comptroller General Office (FCGO), said. This means that 13.44 percent has been spent on development projects in the last six months. The government had spent 14.4 percent in the first six…

  • Minister wants cooperatives to be responsible to members

    Minister wants cooperatives to be responsible to members

    KATHMANDU : Minister for Land Management, Cooperatives and Poverty Alleviation, Shashi Shrestha, have urged cooperatives to be accountable to their members. In her address to the 15th AGM of National Cooperative Bank Limited (NCBL) here today, the Minister said the...

  • Nabil Bank and Nepal Bangladesh to undergo merger

    Nabil Bank and Nepal Bangladesh to undergo merger

    KATHMANDU: Nabil Bank is set to acquire Nepal Bangladesh Bank (NBB). A letter of agreement on acquisition was signed on Thursday. As per agreement, NBB’s 100 points of share would be equalized to 43 points of share of Nabil Bank....

  • Gold price up by Rs 200 per tola today

    Gold price up by Rs 200 per tola today

    KATHMANDU: The price of gold has increased by Rs 200 per tola in the domestic market on Friday. According to the Federation of Nepal Gold and Silver Dealers Association (FENEGOSIDA), hallmark gold is being sold for Rs 92,700 per tola...

  • Nimbus bags HRM Award for Corporate Excellence

    Nimbus bags HRM Award for Corporate Excellence

    KATHMANDU: Nimbus has won the HRM Award for Corporate Excellence 2021 in the agri-enterprise group for corporate excellence. Nimbus won the title at the first ‘The HRM Award for Corporate Excellence 2021’ held in Kathmandu. After winning the award, Nimbus...

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