Stories By 'Rajesh Khanal'
The Investment Board of Nepal (IBN) has approved foreign investment of $200 million for the development of a 170 megawatt solar power plant, the largest-ever solar project in Nepal. It is the first phase of a project to build solar plants with a total installed capacity of 850 megawatt in Nepal.
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The government has proposed to set up a contributory pension scheme for civil servants under which they will pay 6 percent of their monthly salary into the plan, and the government will match the amount of money that they contribute.
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Sugarcane farmers will now receive a subsidy of Rs60 per quintal, according to the provision put forth by the Cabinet which met last Friday. The move is expected to provide some respite to sugarcane producers who are facing late payments from sugar mills yet again.
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Export earnings from nine products identified by the Nepal Trade Integration Strategy (NTIS) as having high export potential swelled 10 percent in the first 11 months of the last fiscal year due to market diversification and quality improvement.
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Tags: exports
The Nepal Stock Exchange (Nepse) will go fully online on Tuesday. The country’s sole bourse said the Nepse Online Trading System (NOTS) and the existing Computerised Trading System would both become operational.
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Nepal Rastra Bank (NRB) has revised the cash reserve ratio (CRR) for commercial banks from 6 percent to 4 percent and slashed the interest rate spread from 5 percent to 4.5 percent. Unveiling the Monetary Policy for 2018-19, the central bank announced the new provisions to address a shortage of loanable funds besides reining in soaring interest rates on loans.
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