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KATHMANDU, Feb. 12 -- Nepal's banks and financial institutions have started facing a decline in excess liquidity with the government collecting excessive internal borrowing and due to an increasing demand for loans from the business community with falling cases of the coronavirus infection.According to Nepal Rastra Bank (NRB), banks now have an excess liquidity of Rs 77.31 billion, which used to stand at more than Rs 200 billion just two months...

news Olis follies My Republica Nepal, Feb. 12 -- Deceit and thuggery have gone to such an extent that in one moment PM says one thing and in the next moment does opposite of what he just said. With the Olitics taking over politics, there is a fusion as well as confusion between Olitics and politics in Nepal. With dissolved parliament and calls for early elections, intense legal battle is being waged inside the court rooms and public agitations and demonstrations are out almost e...

Novel project seeks to promote Nepali tea in the world market Kathmandu Post Ilam, Feb. 11 -- The government has launched a novel project to promote Nepals tea in the international market and improve its quality by using a system that tracks the product along the entire supply chain. The Sustainable Export Promotion Project of Nepali Tea follows the implementation of the trademark Nepal Tea Quality from the Himalayas last September. The effort is expected to further enhance the ...

KATHMANDU, Feb. 11 -- Commercial banks that are facing allegations of charging service fees in an arbitrary manner from their clients have piled up pressure on Nepal Rastra Bank (NRB) to provide them autonomy to determine the service charge amount to their clients.In a meeting conducted by the NRB with the executives of 27 commercial banks on Wednesday, the bankers urged the central bank not to intervene in the pricing policies of the banks,...

news Why did more than 245,000 frontliners refuse to get COVID-19 vaccines in Nepal? My Republica KATHMANDU, Feb. 9 -- Though the government had planned to vaccinate at least 430,000 frontline workers, only 184,857 people chose to get the shot In the first phase of the vaccination drive, the government had planned to inoculate at least 430,000 frontline workers. But, according to the Ministry of Health and Population, only 184,857 people across the country came to the vaccinatio...

news Amid global powers vaccine diplomacy, analysts say Nepal should make the most of it and tread carefully Kathmandu Post Kathmandu, Feb. 8 -- The past few weeks have been busy for Minister of Health and Population Hrydesh Tripathi. Over the last few days, Tripathi has held a series of meetings with ambassadors of various countries-India, the United States and the United Kingdom. On Thursday, Tripathi held talks with Chinese Ambassador Hou Yanqi. The purpose: ensuring early av...

Government yet to fill teacher vacancies, even as decline in education quality is reported Kathmandu Post Kathmandu, Feb. 7 -- Several study reports prepared by the government suggest degradation in the quality of education at public schools over the years. Along with the lack of infrastructure, the reports have pointed out the unavailability of needed teachers to be the main reason behind the deterioration in quality. Yet, successive governments have paid no attention to recrui...

Traders say China imposing undeclared blockade Kathmandu Post Kathmandu, Feb. 6 -- Nepali traders have accused China of conducting an undeclared trade blockade as their merchandise-laden container trucks have not been allowed to cross the border into Nepal for the past 16 months. Naresh Katuwal, president of the Nepal National Traders Federation, said their shipments were still being held up at the northern border on the pretext of the Covid-19 pandemic. Almost 2,000 containers ...

Kathmandu, Feb. 5 -- Nepal's envoy to India Nilamber Acharya has expressed happiness over India giving 1 million doses of COVID-19 vaccine to the Himalayan nation.He also expressed confidence that the country will be getting more doses of the vaccine from the neighbouring nation.Speaking to ANI, Acharya said India is a good neighbour and friend."We are grateful to the Indian Government for gifting 1 million doses of COVID-19 vaccine. We are...

Pakistan Army Chief Bajwa calls for peaceful resolution of J&K issue with India India Blooms Islamabad, Feb. 5 -- In a shift in tone, Pakistan Army Chief General Qamar Javed Bajwa has called for resolution of the issue of Jammu and Kashmir "in a dignified and peaceful manner". Amid strained ties with New Delhi, General Bajwa on Tuesday was quoted as saying by ANI that Pakistan is "a peace-loving country that has rendered great sacrifices for regional and global peace." During a ...