Stories Tagged 'Nepal rastra bank'
The National Reconstruction Authority has sought advice of the Prime Minister’s Office on whether to award the contract of constructing the building of Nepal Rastra Bank to a joint venture involving the controversial Pappu Construction.
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The National Reconstruction Authority is in a dilemma over awarding the contract for constructing a Nepal Rastra Bank building to a joint venture involving the Pappu Construction due to the controversy surrounding the contractor which has quoted the lowest price for the post-earthquake rebuilding project.
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Nepal Rastra Bank (NRB) on Sunday launched a comprehensive database on financial inclusion that consistently measures people’s use of financial services across Nepal.
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The Nepal Rastra Bank (NRB) said it would be issuing fresh bank notes from October 7 through 22 different branches in the Kathmandu Valley for the upcoming Dashain festival.The crispy paper money goes into high demand as new notes are traditionally given as gifts during the festival.
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Pappu Construction, currently under government scrutiny for failing to complete a large number of infrastructure projects within the prescribed deadlines, is all set to get another high profile contract.
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A rising US dollar is going to make the upcoming festive season painful for the general public as dearer imports will force them to fork out more cash to buy the same amount of goods. Nepal Rastra Bank (NRB) fixed the exchange rate of the US dollar at Rs116.10 on Thursday. Compared to the beginning of the current fiscal year which started in mid-July, the Nepali rupee has depreciated by almost Rs7 per dollar.
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