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NRB enforces guidelines for QR code payment platforms

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NRB enforces guidelines for QR code payment platforms
My Republica
KATHMANDU, March 3 Nepal Rastra Bank (NRB) has barred the Quick Response (QR) code payment service providers from charging a fee from the customers under any headings.
Enforcing the Nepal QR Code Standardization Framework and Guidelines on Monday, NRB has maintained the provision. The central bank has come up with guidelines with the aim to regulate the growing number of QR code platforms inside the country.
The rule has provided freedom for the acquirers, payment service operators (PSOs) and financial institutions to take service charge from the merchants in the form of the merchant discount rate (MDR). While the acquirers have to fix the rate based on a market-determined value, the central bank holds the power to intervene to regularize and stabilize the MDR, reads the guidelines. ....

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Nepal Rastra Bank asks banks not to blacklist firms failing to clear their loan dues due to COVID-19

KATHMANDU, Feb. 16 Nepal Rastra Bank (NRB) has barred banks from keeping the COVID-19 hit firms in the blacklist if the concerned companies are unable to pay loan dues of up to six months.Unveiling the mid-term review of the Monetary Policy 2020/21, the central bank has asked the banks not to take the assets of such firms into auction till mid-July even if they fail to pay monthly installments. The regulator has enforced the rule at a time. ....

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Ordinary people are hit hard as food prices see a massive surge

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Ordinary people are hit hard as food prices see a massive surge
My Republica
KATHMANDU, Jan. 26 NRB reports price inflation of a meager 2.93 percent, but in reality the prices of major food items increased by 13 percent in a year
Nepal Rastra Bank (NRB) in its Current Macroeconomic report of the first five months of the current fiscal year has stated that the consumer price inflation remained 2.93 percent during the period. But the rosy picture of the country s economic health portrayed by the central bank appears misleading as the prices of major foods have shot up significantly during the study period. ....

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8 reasons why Nepal's share market is on a continuous rise – OnlineKhabar English News

Onlinekhabar
January 26, 2021
Comments
Last week, NEPSE wrapped up the week with its highest closing ever. In the same week, over 1.5 million people applied for the IPO (initial public offer) of Nepal Infrastructure Bank Limited (NIFRA), which was Nepal’s biggest IPO ever. That is not only it, the IPO of Chandragiri Hills Limited saw a similar interest as over 1.1 million people applied for the 100,000 shares.
These recent examples are proof that a lot of people are interested and involved in Nepal’s stock market. While many had believed that stock prices would go down due to Covid-19, ever since the market resumed on May 12, 2020, it has gone from 1,200 to 2,300. Every day, stocks of various companies are circuiting as NEPSE’s index has reached up to 2440 on Monday ....

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