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Nepal to Amend Payment and Settlement Act 2018 to Strengthen Digital Transactions
The Ministry of Finance has drafted the “Payment and Settlement (First Amendment) Act, 2025” to update Nepal’s payment laws, addressing gaps in the 2018 Act and supporting digital finance, inclusion, and innovation.
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NIC Asia Capital Approves 50% Cash Dividend After Strong FY 2081/82 Performance
NIC Asia Capital has approved a 50% cash dividend (including tax) for FY 2081/82 after reporting over NPR 1.16 billion in net profit.
Granth Network Wins Rs 35.39 Million Contract for National ID System Server Parts
Granth Network Pvt. Ltd. has secured a Rs 35.39 million contract to supply spare parts for the National ID Management Information System.
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Can Nepal Meet Its 28,500 MW Power Ambition by 2035 Without Unlocking PPAs?
Nepal’s plan to generate 28,500 MW of electricity by 2035 faces major hurdles, with stalled PPAs and financing gaps raising doubts.
LS Capital Closes NPR 1 Billion Laxmi Sustainable Energy Fund to Drive Green Investments in Nepal
LS Capital has closed its first private equity fund, the NPR 1B Laxmi Sustainable Energy Fund, to scale sustainable investments in Nepal.
HLI Large Cap Fund Opens for Subscription Today; NPR 2B Public Units on Offer
Himalayan Life Insurance’s subsidiary opens HLI Large Cap Fund today, offering 200M units worth NPR 2B to the public at NPR 10 each.
NRB to Exchange Crisp Notes for Dashain from Sept 14 to Sept 26
Nepal Rastra Bank will provide crisp note exchange services for Dashain between Sept 14–26 through its offices and BFIs.
Siddhartha Highway Upgrade in Budget Without Secured Funding; Govt Seeks Concessional Loan from AIIB
Nepal included Siddhartha Highway’s double-lane upgrade in its FY83 budget without secured funding, now seeking concessional loans from AIIB.
Final Day to Apply for Units of NIC Asia Equity Linked Investment Scheme
Thursday is the last day for investors to apply for units of NIC Asia Equity Linked Investment Scheme, a NPR 5B open-ended fund.
NRB Bars Microfinance Promoters Holding Over 25% Stake From Receiving Dividends
NRB’s new directive says microfinance promoters with over 25% ownership will be ineligible for dividends unless they reduce holdings below the limit.
NRB Tightens Dividend Approval Rules for Banks and Financial Institutions
Nepal Rastra Bank has issued a revised procedure requiring banks and financial institutions to meet stricter reserve, capital, and compliance rules before distributing dividends.
Dim Prasad Paudel Appointed Chairman of Agricultural Development Bank
Dim Prasad Paudel has been appointed chairman of Agricultural Development Bank, bringing over 25 years of leadership experience.