Author: Himalaya Post

Standard Chartered Bank Nepal has received fifth AAA rating confirmation

Standard Chartered Bank Nepal has received fifth AAA rating confirmation

Posted by | Mar 29, 2024 | ,

KATHMANDU- ICRA Nepal has reaffirmed the issuer rating of [ICRANP-IR] AAA to Standard Chartered Bank Nepal Limited (SCBNL) for the fifth consecutive year. The rating is considered to have the highest degree of safety regarding the timely servicing of financial obligations, such issuers carry the lowest credit risk. In the rationale statement, ICRA Nepal states, “The rating reaffirmation factors in the bank’s sustained strong capitalisation profile with capital to risk weighted assets ratio (CRAR) of ~16% and tier-I capital of ~13% as of mid-January 2024 against the regulatory minimum of 11% and 8.5%, respectively. The rating also factors in...

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The Disconnected Connectivity of SOUTH ASIA

The Disconnected Connectivity of SOUTH ASIA

Posted by | Mar 26, 2024 | , ,

– Chandi Raj Dhakal SAARC countries have established a number of institutional frameworks to promote regional economic integration over the last three decades. However, the share of intraregional trade in the total trade of the South Asian countries is stagnating at 5% only, less than one third of its potential. One of the major impediments in unleashing the true potential of the region is lack of an integrated transport and people to people connectivity. Connectivity links both places and people by creating the physical infrastructure necessary for the flow of goods, labour and information. Connectivity is the cornerstone of...

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Indian Embassy celebrates 59th Indian Technical & Economic Cooperation

Indian Embassy celebrates 59th Indian Technical & Economic Cooperation

Posted by | Mar 24, 2024 | ,

The Embassy of India, Kathmandu celebrated the 59th Indian Technical & Economic Cooperation (ITEC) Day on 22 March 2024.  Around 300 guests, including several Members of Parliament, senior Government  officials, ITEC alumni and prominent Nepalese alumni of academic institutions from India attended the celebrations. Launched in 1964, the ITEC programme builds on India’s vast and rich network of governance and development related expertise, by offering both short and long term capacity building programmes in higher educational institutions and training facilities in India, in more than 160+ partner countries, including Nepal. It has been utilized by more than 200,000 Government...

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Pokhara Hosts Odissi Dance Event on Holi Eve Celebrating India Nepal Cultural Connect

Pokhara Hosts Odissi Dance Event on Holi Eve Celebrating India Nepal Cultural Connect

Posted by | Mar 24, 2024 |

A cultural event featuring Indian Classical Odissi dance and Nepali folk dance was organized in Pokhara to celebrate the rich cultural heritage of India and Nepal. The event was organized by the Swami Vivekananda Cultural Centre of the Embassy of India, Kathmandu, along with Nepal Tourism Board and Pokhara Tourism Council. Honourable Chief Minister of Gandaki, Mr. Surendra Raj Pandey graced the cultural event as the Chief Guest. Dignitaries from Gandaki Provincial Government and Kaski Local Government also attended the event. Honorable Chief Minister Mr. Pandey noted that Nepal and India share many cultural similarities and the event helped...

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Indian Embassy celebrated 22nd Golden Jubilee Scholarship Day

Indian Embassy celebrated 22nd Golden Jubilee Scholarship Day

Posted by | Mar 17, 2024 | ,

KATHMANDU- Celebration of the 22nd Golden Jubilee Scholarship Day at the Embassy of India, Kathmandu on 15th March 2024 The Embassy of India, Kathmandu celebrated the 22nd Golden Jubilee Scholarship Day on 15 March 2024. Around 200 students enthusiastically participated in the celebrations. Prof Dr. Gyanendra Giri, Vice Chancellor of BP Koirala Institute of Health Sciences, Dharan; Prof Dr. Subarna Lal Bajracharya, Vice Chancellor of Lumbini Buddhist University, Lumbini; Prof Dr Bhola Thapa, Vice Chancellor of Kathmandu University, Dhulikhel; Prof Dr. Punya Prasad Regmi, Vice Chancellor of Agricultural & Forestry University, Chitwan; Prof Dr. Sailesh Mani Pokhrel, Vice Chancellor...

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