Rajendra Man Shakya, Chief Executive Officer of CMB Finance Limited, a versatile and reputed professional in the financial sector of Nepal, spoke to Nepal Business Times regarding the economic scenario, financial and banking sector of Nepal and the progress achieved by CMB over the years. Excerpts: Read More
Shekhar Raj Bastakoti
Nepal’s political development remained a matter of world appreciation after warring Maoists came to the table talk and accepted political main streaming. The leadership of Girija Prasad Koirala Read More
Contribution of co-operatives in rural area of Nepal Tara Bastakoti
In developed as well as developing countries co-operatives play vital role in rural development. Read More
Politics of Consensus: The only Way out to End Current Political Dead Lock Shekhar Raj Bastakoti
Nepal’s political development remained a matter of world appreciation after warring Maoists came to the table talk and accepted political main streaming. The leadership of Girija Prasad Koirala Read More
Recent preferences of NRB The responsibilities of Nepal Rastra Bank (NRB) play vital role in the economic development, improvement and stability. NRB should steer the economy, the financial sector, monitor the activities of all banking sector and also provide advisory to the government. But then, NRB seems to be ineffective with deepening difficulties and challenges.
In the Fiscal year 2064/65, the inflation reached as high as 13.2 percent to touch the highest of the past 17 years. The inflation stepped on two digits since the very beginning of the year. From 2065 Jestha to 2066 Shrawan, in the period of 15 months, the economy had to face two-digit inflation. Likewise, the inflation reached 9.8 pc in the first four months of the current fiscal year. The retail prices saw a price hike of 14.6 percent which was also the highest of the years. Such a high and uncontrollable inflation as a whole accounts for NRB’s difficulties to maintain stability. Thus, among the preferred utilities for the currency management, open trade should be made even more effective.
Finance companies and their status Finance companies are those intermediaries, which link the savers and users ofcapital. They collect small and scattered saving of the individuals and mobilize it in theproductive sectors in the form of investment or loan. Previously Finance Company Act, 2042used to govern finance companies in Nepal. Now, the Bank and Financial Institutions Ordinance, 2004 governs all types of banks and financial institutions.
Since the restoration of democracy in 1990, number of finance companies has grown drastically in Nepal. And it is the responsibility of the authorized sectors to make the process effecient.
Politcs and our economy It has been almost 15 years from now the Maoist have started their revolution. During this period of revolt, different development sectors have been adversely affected. The infrastructures of developments are so much in dying conditions. Due to regular strike and bandhs most of the small and large scale industries are almost in a condition of shutdown. The export of the home Read More
Analysis It has been almost 10 years from now the Maoist have started their revolution. During this period of revolt, different development sectors have been adversely affected. The infrastructures of developments are so much in dying conditions.
Due to regular strike and bandhs most of the small and large scale industries are almost in a condition of shutdown. The export of the home products was not possible which
ADB to limit hike purchase loan Asian Development Bank (ADB) has suggested government to limit the hire purchase loan. Government has planned to limit the loans given by different financial organization keeping in view of regular traffic jams.
With the help of ADB, Ministry of Infrastructural Development has suggested bank and financial organization not to provide the loan easily.
This decision might adversely affect the whole banking sector as for the bank limited sectors are left to invest their money, for all the bank runs from the flow of the money it have.
Recently NRB has planned to limit and the fix the ceiling on three loan sectors - housing loan, real estate and margin lending for commercial banks. The central bank had brought forth a new directive, according to which commercial banks wouldn’t be allowed to lend more than 25 percent to each sector out of their total lending portfolio. The banks can lend up to 25 percent of their total loan exposure in housing, real estate and margin lending
Politics of Consensus: The only Way out to End Current Political Dead Lock Nepal’s political development remained a matter of world appreciation after warring Maoists came to the table talk and accepted political main streaming. The leadership of Girija Prasad Koirala, thorough understanding of national and international situation and decision making capacity of Puspa Kamal Dahal, “ Prachand” and mediatory role of Madhav Kumar Nepal gave hope and belief to Nepalese people that the dream of New Nepal would be materialized. But as and when time passed, these leaders could not Read More
Nepal: The Destination of Nature Lovers Now that we have seen the prospect of peace in Nepal after more than a decade, it is necessary that we formulate and implement clear tourism policies so that we can lure more tourists from all over the world. Needless to say, Nepal has great potentials of the development of tourism we Read More
Saving Nepal from Split- The Biggest Challenge Saving Nepal from Split- The Biggest Challenge
The world is unionising gradually erasing the past of separation and enmity but a tiny newest republic , Nepal is in the verge of split. Nepal was divided into several states in the past and was integrated into a nation under the leadership of late Prithvi Narayan Shah. It remained a free nation physically during the colonial era but as the world is heading toward globalization, Nepalese politicians are preparing to split the nation according to ethnicity and color. Read More
Why Nepse is in nose-diving trend? Why Nepse is in nose-diving trend?
Nepal Stock Exchange (Nepse), which started the down trend from the beginning of last fiscal year, is no way different Read More
Prime Minister’s India Visit and People’s Expectations Prime Minister Madhav Kumar Nepal has left for the first official visit of India with a large group comprising dignitaries in different walks of life i Read More
Midas CAN SofTech 2010 terminates Midas CAN SofTech 2010 terminated on Saturday, recording a turnout of 50,000 visitors in four days. The event, which was organized at DECC Hall at United World Trade Center, Tripureshwar, drew nearly 20,000 visitors on the last day.
Computer Association of Nepal (CAN) officials told that they were satisfied by the Read More
Capital market continues to go downward Nepal Stock Exchange (Nepse) index lost 3.81 points to close at 432.74 points on Sunday-the opening day of weekly share transaction. Of the eight groups that participated in today's trading, the sub-indices of six groups except that of manufacturing and processing and hydropower groups moved in red zone.
36,181 Nepali jobseekers have appeared in KNT A total of 36,181 Nepali jobseekers have appeared in Korean Language Test (KLT) to qualify themselves for the jobs under Read More
Police indifference hitches arrest of land crooks Police have acted slowly in nabbing notorious land dealers, who attempted to take control of 23 public and private housing Read More
Rajendra Man Shakya, Chief Executive Officer of CMB Finance Limited, a versatile and reputed professional in the financial sector of Nepal, spoke to Nepal Business Times regarding the economic scenario, financial and banking sector of Nepal and the progress achieved by CMB over the years. Excerpts: 
Shekhar Raj Bastakoti
