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NRB unveils new monetary policy

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KATHMANDU — The national bank of Nepal , Nepal Rastra Bank, on Thursday unveiled the monetary policy for the new fiscal year 2016/17 with a goal to achieve objectives of the government’s annual budget statements.

NRB Governor Chiranjibi Nepal unveiled the vital fiscal document amid a special function in the Capital today.

NRB has revised a policy to float loans of the bank and financial institutions (BFIs) against the shares pledge.

According to the revised policy, BFIs will be able to float only 50 percent loans on the valuation of average trading price of the shares of last 180 days or latest market price of the share, whichever is low.

The policy has prioritised flow of capital to various productive sectors including agriculture, energy, tourism, small and cottage industries as well as underprivileged population.

The Policy aims to restrict inflation to 7.5 per cent and achieve the economic growth of 6.5 per cent.

The NRB Governor hoped that the document would help the government maintain economic stability and achieve its fiscal targets.

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Nirmala Panta rape, murder case : Locals protest after wrong suspect paraded

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BHIMDUTTANAGAR — Locals who were protesting against the rape and murder of Nirmala Panta of Kanchanpur’s Bhimdatta Municipality, have enforced shutdown in Bhimduttanagar Bazaar on Tuesday, protesting police’s failure to reveal facts behind the murder of 13-year-old girl and parading wrong suspect on Monday.

The District Police Office, organising a press conference on Monday,had made public Dilip Singh Bista (41), of Baghphanta, Bhimdatta Municipality-19 as Nirmala’s murderer.

Locals have shut down the market area stating that police were not being able to make public the true murderer(s) as they are not convinced by the findings of police citing that Bista was mentally unsound, according to the District Police Office.

Transportation has also been halted.

Bista, a resident of Khanna Chauraha area in Bhimdutta Municipality-19, was apprehended near the scene of crime on Sunday, according to police.

Police making public the wrong suspect has infuriated the locals and fueled the protest.

The agitators including various civil society organisations and human rights defenders have been picketing the District Administration Office and staging rally on the street mounting pressure on the police to reveal the facts behind the heinous crime.

Meanwhile, it had been learnt that police have fired rounds of teargas shells to contain the agitated mob.

Nirmala was found murdered in a sugarcane field on July 27, a day after she had gone to her friend’s home to get a notebook.

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