Corporate Finance

The World Bank decided to lend the government $20 billion, while talks to borrow an additional $8 billion have been delayed.

The Nepal government has agreed to a 20 billion 12 billion rupee World Bank loan and 150 million US dollars concessional loan assistance through the Nepal Disaster Resilience Credit

Capital spending went up by 65%.

The Ministry of Finance reports signs of economic improvement and has announced significant actions taken within three months of the new government's formation.

Just in October, damage to the Upper Tamakoshi project resulted in a loss of 85 crore.

Energy, Water Resources, and Irrigation Minister Deepak Khadka inspected the Upper Tamakoshi hydropower project in Dolakha, damaged by floods on October 11th and 12th.

The Prime Minister's Disaster Relief Fund has received over Rs 1.74 billion in donations.

Aiming to support disaster survivors, the Prime Minister Natural Disaster Relief Fund received over Rs 1.74 billion in contributions from individuals and institutions.

Surprising rise in loans during the celebration

Disasters like floods and landslides affected credit disbursement before Dashain, leading to an expected decrease in loan disbursement this year, despite increased festive season credit flow.

The Dodhara Chandani dry port project receives approval for land.

The Nepal Intermodal Transport Development Board was granted permission by the Sudurpaschim cabinet last month to utilize 43 hectares of Mayapuri community forest for the project.

Regarding Dharamshala, the fund stated that since the annual rent of $51,000 is so low, it makes sense to negotiate a new deal.

The Pashupati Area Development Fund has decided to enter into a new agreement with Gaushala Dharamshala due to a low annual amount of 51,000 from the Marwari Service Committee, which was not received

Agreement on the IPO of Citizens Capital and Downey Agro Farm

Citizens Capital Limited and Downe Agro Farm Limited have signed an agreement for the issue of ordinary shares and appointment of a sales manager.

With a 22.1 percent increase, foreign exchange reserves hit 21 trillion 52 billion, the greatest amount in Indian currency.

The total foreign exchange reserves, which stood at Rs.20 trillion 41 billion 10 crores at June 2081, rose by 5.5% to Rs.21 trillion 52 billion 53 crores by August 2081.