Stories By 'Rajesh Khanal'
Nepal Stock Exchange (Nepse) last week plunged 26.7 points to close at 1,112.87 points, as the high interest rate continued to affect investors’ confidence at a time when a number of listed companies posted healthy profits in the first half of the current fiscal year.
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The Cabinet has approved the Safeguards, Anti-Dumping and Countervailing Bill clearing the way for it to be tabled in Parliament The proposed legislation will allow the government to prevent dumping by imposing additional tariffs on foreign products that are being sold in the domestic market at less than their normal value
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Nepal will receive transshipment privileges and permission to use electronic tracking on Nepal-bound cargo at Kolkata port from Friday. But importers complain that limited services by shipping companies and poor infrastructure at the harbour still remain as hurdles to faster cargo movement.
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Nepal blew Rs103 billion on fuel imports in the first six months of the current fiscal year, despite regular power supply to households and industries.
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Nepal’s foreign currency reserves dropped 6.64 percent to $9.41 billion in the mid- July to mid-January period as import expenses surged despite a notable rise in the earnings from remittance.
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Nepal Infrastructure Bank, the first bank established as a public-private partnership, received its operating licence from Nepal Rastra Bank on Monday.
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