Author: Himalaya Post

Nepal Rastra Bank (NRB) Governor, Maha Prasad Adhikari has stressed on the need of the governments and the central banks of AFI and G 24 member states to focus on reviving the economy dented by COVID-19. The Central Bank Governor expressed this view while addressing the Roundtable Meeting of the G 24 AFI Policymakers on Wednesday. On the occasion he reiterated focusing on resource management and promotion of policy and regulatory concessions and digital banking system for the revival of the small and medium enterprises/ businesses. Governor Adhikari suggested taking the adverse situation brought about by the global coronavirus pandemic as an opportunity to promote the electronic pay system and e-commerce. “Promotion of digital banking can help in enhancing youth employment and entrepreneurship development,” he said. Also the Board Member of the Alliance for Financial Inclusion (AFI), Governor Adhikari said the problems seen due to COVID-19 should also be seen as opportunities. The meeting held discussions on the policy initiatives adopted for minimizing the impact of COVID-19 on the economy and the financial inclusion of the youths, NRB stated in a press release. It also laid emphasis on the role of youths in economic growth and development as well as on promotion of financial inclusion through digital...

Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has informed the International Monetary Fund and the World Bank Group on the effect of COVID-19 on Nepal’s economy and the financial sector as well as on the policy provisions adopted to mitigate it. The central bank stated this in a press release on Tuesday. It stated that Governor Adhikari participated in the annual joint meeting of IMF and the World Bank Group through online and informed about the positive practices being done in Nepal. Governor Adhikari attended the virtual meeting held from October 12 to 18. He thanked the IMF for its economic and technical support to Nepal’s development process. Likewise, Governor Adhikari held discussions with Alfonso Garcia, the Vice President of the International Financial Corporation (IFC)’s Asia pacific Region. On the occasion, the IFC vice president inquired about the institutional restructuring of Nepal’s financial sector, enhancement of the fiscal capacity, investments in the hydropower sector and issuing bonds in domestic currency, among other topics. The NRB Governor also participated in the discussions held on October 15 while during the virtual side meeting with the IMF representatives on October 16 he discussed on the adverse impact of COVID-19 on the country’s economy and public health. NRB Economic Research Department Executive Director and Spokesman, Dr Gunakar Bhatta participated in the meeting with IMF’s Monetary and Capital Market Department through virtual means...

Kathmandu – Gorkha Brewery has clarified that there is no compromise in Brewery’s quality products. Deputy managing director Surendra Silwal has informed that there is no any harmful deed has been performed against public health. Silwal added, Beer is prepared under the recipe designed by the specialist to CarlesBerg Company. Quality reduction isn’t under our capacity. Lab tests goes every day and samples are being tested even from the market after its dispatch regularly to be attentive to public health. “Carlesberg Company follows the strict protocol to continue its 200 years faith in quality. So they recruit their agents” He added “we ourselves are responsible to the clients, we cannot go against public will.” “Some are trying to make us infamous by extending not existing matters regarding to the quality of our products.” He urges not to be...