Corporate Finance
After 30 months, the average single-digit loan interest rate
The weighted average interest rate on commercial banks' loans has dropped to single digits after 30 months, from 9.44 percent at December 2018 to 10.30 percent in January.
Investors are concerned that a capitalization exceeding the actual amount could potentially benefit the market and influence future policy decisions.
The market's capitalization reached 47 trillion 65 billion as of Thursday's close, marking the highest so far.
Process authorized for startup business loan disbursement
The Ministry of Industry, Commerce and Supply approved the 'Startup Enterprise Loan Operation Procedure, 081' on July 30, requiring annual approval for disbursing loans to startup enterprises.
In July, revenue collection more than twice that of the budget.
The Comptroller General's Office reports that revenue collection in the first month of the current financial year exceeded the government budget expenditure by twice.
8.55 billion in foreign investment commitment in July, with 59.75 million coming through the "automatic route"
In July, the Department of Industries approved a total of 8.5 billion rupees in foreign direct investment.
Rashtra Bank is utilizing the financial system's 40 billion in liquidity.
Nepal Rastra Bank plans to draw 40 billion rupees of liquidity from the deposit banking system, despite the existing liquidity in the banking system.
Prior administration failed to meet its revenue collecting goals.
The government raised only 65.59 percent of its target customs duty in the last financial year, despite a surprisingly increased Education Service Fee Tax.
The government's internal debt is growing quickly; by October, the target of 1.5 trillion.
Acceleration in domestic debt collection is a result of banks' and financial institutions' high liquidity and low interest rates.
Over 62 crores revenue were collected.
Taxpayer Service Office Taulihwa collected 86.50 percent of the target revenue in fiscal year 202080.081, exceeding the previous year's target of 716 million and 68 million 10 thousand.
Gautam Budh Airport operation plan approved; government to take 16 billion loans and grants.
The Nepal government has appointed Prakash Prasad Pokharel (Eelam) as the General Manager of Nepal Transport and Warehouse Company, following a Council of Ministers meeting on July 28th.
Reduction in deposit collecting and little enhancement of credit flow.
Nepal Rastra Bank reports 64 trillion 19 billion in banking system deposits, with Central Bank data indicating deposits equal to that amount were collected on July 25.
Third Investment Conference: The government's project failed to draw in investors.
The government's third investment conference was successful, but investors showed no interest. Investment Board Nepal requested Letter of Intent twice, with only two projects applying.
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