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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.

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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

Cricket stadium constructed in Hetauda

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HETAUNDA — The construction of a national level cricket stadium has been completed in Hetauda.

The cricket stadium of national standard has been constructed at Huprachaur of Hetauda with the technical support of Makawanpur Cricket Association and coordination of District Sports Development Committee

It took two years to complete the construction of cricket stadium. The stadium along with cricket pitch and morning walk track has been constructed at the cost of around Rs 3 million.

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The stadium is appropriate for national tournament and practice, said District Sports Development Committee Chairperson Madhav Timilsina. The cricket ground has the length of 140 metres and breadth of 120 metres.

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