Stories Tagged 'Nepal rastra bank'
After the hedging regulation was implemented last February, Nepal Rastra Bank had planned to launch hedging solutions. Four months have already passed since the regulation was enforced.
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Some tourism entrepreneurs suspect that many hotels and resorts undervalue their incomes so that they can pay less taxes.
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Orders the authorities concerned to find whether the funds entered the country violating Money Laundering Prevention Act
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Nepal bought Indian rupees worth Rs393.77 billion by selling US dollars to pay for imports from the southern neighbour during the first nine months of the fiscal year despite pressure on its greenback reserves. The figure includes Indian rupees bought by Nepal Rastra Bank and commercial banks.
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Nepal’s gasoline consumption almost doubled in the last five years, leading to a yawning trade deficit besides causing environmental consequences. According to a report released by the Central Bureau of Statistics last week, Nepalis consumed 90 percent more fuel than they did five years ago.  
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