Major Highlights CPI-based Inflation remained 19 percent on y-o-y basis. Imports increased 7 percent and exports increased 37.8 percent. Remittances increased 6 percent in NPR terms and 10.4 percent in USD terms. Balance of Payments remained at a deficit of 15.15 billion. Gross foreign exchange reserves stood at USD 11.71

    Banking news/ QR stands for quick response and information is stored within its maze-like lines that can be read by smartphones. It has being used in every product and service as provides reliable and fast access to any kind of today’s information contained in the code. First used in Japan’s automobile industry, the

Bhuvan Kadel,Executive Director of Nepal Rastra Bank: Nepal Rastra Bank has been formulating various policies on electronic payment from last 5- 7 years, Where, NRB has formulating through paper.After the formulation of “Payment and Exemption Act 2075” the “Payment and Exemption Rules 2077” has also come up again. Then there is the permission policy, integrated

Kathmandu / Smart Choice Technology (SCT) and Media International has been reached an agreement on the operation of ‘Financial Digitization Literacy’. On Monday, in the agreement reached Smart Choice Technology signed the agreement, By Chief Executive Officer Mr. Dipesh Maskey and Chairman Mr. Madhav Nirdosh on behalf of Media International. According to this agreement, Smart

Madan Shrestha Ex-Deputy Director of ADBL                                               A financial institution is a company involved in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange. Effectively everyone

Madan Shrestha A financial institution is a company involved in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange. Effectively everyone living in a developed economy has an ongoing or at least periodic need for the services of financial institutions. In the context of Nepal, the major

Laxmi Bank Ltd. inaugurated its 5th Extension Counter in the District Court of Rajbiraj today. The new extension counter will offer full range of retail banking services including small businesses.  With the new addition, Laxmi Bank network, now, includes 121 Branches, 5 Extension Counters, 4 Hospital Counters, 151 ATMs, 2500 remittance agents, and 61 Branchless

Indian government has extended the nation-wide lockdown by another 19 days till May 3, 2020. India’s lockdown has been extended till May 3, 2020, Prime Minister Modi said in an address to the nation. The lockdown extension comes after the Prime Minister Modi held a video conference with state chief ministers on April 11, and

Two more Covid 19 cases has been proven on Monday in Nepal. The health ministry has confirmed the case in a 19-year-old man from Rautahat and 65-year-old woman from Lamkichulha in Kailali. With the added two cases, the total number of Covid-19 cases in Nepal has now reached 14. According to the Sudurpaschim Provincial Health

Amid the mounting human toll and global economic fallout triggered by the COVID-19 pandemic, South Asian governments must ramp up action to curb the health emergency, protect their people, especially the poorest and most vulnerable, and set the stage now for fast economic recovery, says the World Bank in its twice-a-year-regional update. According to World