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NRB unveils new monetary policy

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KATHMANDU — Nepal Rastra Bank (NRB) has publicized a monetary policy for the fiscal year 2074-075 BS amid a programme in the Capital on Sunday.

NRB governor Dr Chiranjibi Nepal,speaking at the event,shared that monetary policy has prioritized agriculture, tourism, energy, small and cottage industries and liquidity management.

ALSO READ :  NRB unveils new Monetary Policy for Fiscal Year 2017/18

Likewise, a NRB official said Nepal’s economic growth rate is satisfactory. “Nepal’s balance of payment is satisfactory, financial imbalance is decreasing and there is positive change in economy,” he said.

The NRB said investment would be made in prioritized projects by using monetary instruments to achieve a 7.2 percent economic growth rate in the next fiscal year.

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Economy

TIA to operate services for 21 hrs daily from upcoming mid-May

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KATHMANDU — Minister for Culture, Tourism and Civil Aviation Rabindra Adhikari has said that the Tribhuvan International Airport (TIA), the only international airport in the country, would be operated for 21 hours daily.

In an interaction organized by the Nepal Tourism Infrastructure Development Council here in the Ministry on Tuesday, Minister Adhikari shared that the Ministry was preparing to operate the TIA for 21 hours daily from upcoming mid-May.

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He added that the move was targeted to lessen air traffic pressure as the TIA is facing acute air traffic pressure as of late.

He added that though he was planning to operate 24 hours services in the TIA, it takes time to this effect. He also shared that night flights currently available from Kathmandu to Dangadhi will be extended to Bhadrapur of Jhapa in the near future.

Experts in tourism and culture sectors suggested Minister Adhikari to adopt effective plans and programmes for the development of these sectors.

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