Nepal's central bank on Friday lowered its benchmark policy rate at which it lends to commercial banks to 7.5% from 8.5%. "There is contraction in economic activities and the move is expected to reverse the slowdown," Prakash Kumar Shrestha, chief of the Economic Research Department of the central bank told Reuters after the third quarter monetary policy review.
Nepal s fierce ex-guerrilla chief becomes new Prime Minister pakobserver.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pakobserver.net Daily Mail and Mail on Sunday newspapers.
KATHMANDU – A former Maoist guerrilla who led a decade-long insurgency against Nepal's Hindu monarchy was on Sunday (Dec 25) appointed prime minister for a third time, in alliance with the main opposition after last month's election returned a hung parliament. Pushpa Kamal Dahal, who still goes by his nom de guerre Prachanda – meaning "terrible" or "fierce" – will.
The Fiji TimesNepal s fierce ex-guerrilla chief becomes new prime minister fijitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fijitimes.com Daily Mail and Mail on Sunday newspapers.