KATHMANDU: CPN-UML Vice Chairman and former Finance Minister Surendra Pandey has hoped that Nepal will not see a situation in which Finance Minister Janardan Sharma will have to flee the country.
Nepal suspends Central Bank Governor amid forex woes
According to sources, differences had emerged between Adhikari and Sharma in the wake of the dwindling forex reserves and the current state of Nepal’s economy.
Nepal suspends central bank governor Maha Prasad Adhikari amid forex woes
In a rare move, the Nepal government has suspended the country’s Central Bank Governor Maha Prasad Adhikari over disagreements with Finance Minister Janardhan Sharma and for not doing enough to pull …
Pressure to legalize illegal foreign currency is a crime: Former Finance Minister Pandey
The CPN-UML has accused the government of suspending the governor of Nepal Rastra Bank (NRB) to cover up its incompetence.
Nepal bans luxury items’ imports amid dwindling forex reserves: Report
The biggest challenge at hand for the Nepalese government is the proper management of forex reserves, said Nepal Rastra Bank (NRB) spokesperson Gunakar Bhatta.
Tourist activity slowly picking up in Nepal as Covid restrictions are eased
The tourism sector, the backbone of the Nepalese economy, came to a griding halt in April 2020 due to the COVID-19 pandemic, officials said on Saturday …
‘Nepal’s economy won’t face crisis like Sri Lanka’
“The situation facing Sri Lanka and our economy is completely different. So instead of creating a panic by comparing Nepal’s economy with that of Sri Lanka, let’s focus on improvi …
‘Nepal’s economy won’t face crisis like Sri Lanka’
“The situation facing Sri Lanka and our economy is completely different. So instead of creating a panic by comparing Nepal’s economy with that of Sri Lanka, let’s focus on improvi …
‘Nepal’s economy won’t face crisis like Sri Lanka’
“The situation facing Sri Lanka and our economy is completely different. So instead of creating a panic by comparing Nepal’s economy with that of Sri Lanka, let’s focus on improvi …
Nepal central bank governor suspended when finance minister is in question and country’s economy is in crisis
The government has suspended the central bank governor in a rare move. Maha Prasad Adhikari, the Nepal Rastra Bank governor, faced an automatic suspension on Friday following the government’s move of …