Author: Himalaya Post

Major Highlights of Monetary Policy

Posted by | Jul 18, 2020 | ,

– Ram Chandra Rupakheti 1. The upper bound of the Interest Rate Corridor has been kept unchanged to 5 percent, the deposit collection rate as the lower bound of IRC has been reduced from 2 percent to 1 percent, repo rate as the policy rate has been reduced from 3.5 percent to 3 percent. 2. The total credit in the agriculture sector should be at least 15 percent of the total credit. This will be done by banks and financial institutions till 2080, Ashad end. 3. To help in those agriculture sectors for self-sufficient, 0.2% provision in the first year and 0.6% provision in the second year of operations have been made on the loan. These sectors include fruit farming like mango, sweet orange (junar), lychee, kiwi, dragon food, avocado, etc. 4. Agriculture bank will be made as leader of lenders in agriculture sectors. 5. Farmer’s credit card will be distributed to farmers by Agricultural Development Bank. 6. By the end of 2081, the loan should be disbursed at least to 10 percent of total credit in energy sectors. It is added a policy for the experience gainers in energy sectors to issue energy bonds for the long-term fund in the energy sectors. 7. There is a facility of lower interest rate to be 1 percent addition in the base rate to hydropower companies who complete the project and...

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Gurung & Magar Bestowed with Star 2020,World Book of Records

Posted by | Jul 12, 2020 |

World Book of Records,London and World Record Publishing Company has initiated publishing an edition Star 2020 to appreciate the Corona Warriors. During the lockdown period and combat against COVID-19 individuals,professionals,health workers, organizations who have been pivotal and paved the way forward to serve humanity have been bestowed with the Star2020.Globally several bonafide warriors and organizations have already been bestowed with this coveted recognition. Anil Burja Magar( Social Activist/Entrepreneur) and Ganika Gurung ( Social Activist/Entrepreneur) have been bestowed with Star 2020.They initiated Hunger Relief Program and served tens and thousands of needy within Kathmandu Valley. Similarly they also held Emergency Blood Donation Camps at this dire state from their organization Lions Club of Creative Youth in different parts of the valley.Admidst the Felicitation Ceremony held at World Trade Centre, Lion Tanka Bahadur Shrestha,PMJF,District Governor,District 325 A1,Lion Karma Gurung,PMJF,Second Vice District Governor,Lion Ananta Prasad Bhetwal,PMJF,Past District Governor(GST Multiple Coordinator MD325),Sagar Katwal(President,World Book of Records,Nepal) ,Nirnaya Shrestha (Performing Artist/Social Worker) and dignitaries from various walks of life were present. On being felicitated with Star 2020,Anil Burja Magar and Ganika Gurung were congratulated byShri Virendra Sharma ( Member of Parliament,England ),Dr.Diwakar Sukul( Chairman,World Book of Records,London),Shri Santosh Shukla(President,World Book of...

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Gurung & Magar Bestowed with Star 2020,World Book of Records

Posted by | Jul 12, 2020 | ,

World Book of Records,London and World Record Publishing Company has initiated publishing an edition Star 2020 to appreciate the Corona Warriors. During the lockdown period and combat against COVID-19 individuals,professionals,health workers, organizations who have been pivotal and paved the way forward to serve humanity have been bestowed with the Star2020.Globally several bonafide warriors and organizations have already been bestowed with this coveted recognition. Anil Burja Magar( Social Activist/Entrepreneur) and Ganika Gurung ( Social Activist/Entrepreneur) have been bestowed with Star 2020.They initiated Hunger Relief Program and served tens and thousands of needy within Kathmandu Valley. Similarly they also held Emergency Blood Donation Camps at this dire state from their organization Lions Club of Creative Youth in different parts of the valley.Admidst the Felicitation Ceremony held at World Trade Centre, Lion Tanka Bahadur Shrestha,PMJF,District Governor,District 325 A1,Lion Karma Gurung,PMJF,Second Vice District Governor,Lion Ananta Prasad Bhetwal,PMJF,Past District Governor(GST Multiple Coordinator MD325),Sagar Katwal(President,World Book of Records,Nepal) ,Nirnaya Shrestha (Performing Artist/Social Worker) and dignitaries from various walks of life were present. On being felicitated with Star 2020,Anil Burja Magar and Ganika Gurung were congratulated byShri Virendra Sharma ( Member of Parliament,England ),Dr.Diwakar Sukul( Chairman,World Book of Records,London),Shri Santosh Shukla(President,World Book of Records)...

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India Builds Administrative & Academic Block of Mahadev Masta Chaturdev Campus Ratapani, Mugu

Posted by | Jul 9, 2020 | ,

The Administrative & Academic Block of Mahadev Masta Chaturdev Campus, newly built under the Nepal-Bharat Maitri Development Cooperation programme at a cost of NRs. 35.11 million, was formally inaugurated today via video-conferencing by representatives of Village Development Council Ratapani, Lui in Mugu District, School Management Committee and Embassy of India, Kathmandu. The Campus, established in 2007, is a community owned educational institute affiliated to Tribhuvan University and approved by UGC Nepal. It offers four years’ full time bachelor degree courses. Students from over 24 VDCs including Humla and Bajura study at the Campus and it has been providing various scholarship facilities for deserving students. The construction of the new Administrative & Academic Block was implemented by District Coordination Committee, Mugu. The newly built infrastructure of the school is expected to boost learning environment for students. On behalf of people and Government of India, the Embassy is happy to be associated with the project which compliments the effort of Government of Nepal in augmenting infrastructure in the field of...

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India Builds Shree Saptmai Gurukul Sanskrit Vidhyalaya in Ilam District

Posted by | Jul 6, 2020 | ,

Shree Saptmai Gurukul Sanskrit Vidhyalaya, at Barbote Village Development Committee, Ilam, built under the Nepal-Bharat Maitri Development Cooperation programme at a cost of NRs. 31.13 million, was formally inaugurated via video-conferencing by representatives of Barbote VDC, School Management Committee and Embassy of India, Kathmandu. The Vidhyalaya was established in 2009 as a primary school and subsequently upgraded as a Secondary Level School in 2014. The School has a unique qualification of imparting Vedic as well as modern education also in Sanskrit, to its students. The school provides residential facility for students coming from adjoining districts of Ilam. The four storied new school building constructed with Government of India’s grant assistance, has school and hostel blocks comprising of ten class rooms, nine dormitories for residential students, four study rooms, warden office, one living room, one common hall, three store room and separate sanitation facilities for boys and girls on each floor. The project was implemented by DCC, Ilam. The newly built infrastructure of the school is expected to boost learning environment for students. On behalf of people and Government of India, the Embassy is happy to be associated with the project which compliments the effort of Government of Nepal in augmenting infrastructure in the field of...

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