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.Follow @gorkhapost
Govt to present its policies and programmes Monday
KATHMANDU — The government is preparing to present its policies and programs for the fiscal year 2018/19 at the Federal Parliament on Monday.
According to Joint Spokesperson at the Federal Parliament Secretariat Keshav Aryal, all preparations are over for the release of the government policies and programs to be made by the President Bidya Devi Bhandari from New Baneshwor-based Federal Parliament Building at 4:00 pm Monday.
President Bhandari would unveil the government policies and programs for the first time in the joint meeting of the Federal Parliament after the promulgation of the new constitution.
As per the constitution, the President can address any of the House meeting or the joint meeting of the Federal Parliaments and summon the lawmakers for their presence.
Vice President, top leaders of different political parties, high-ranking government officials, chiefs of the constitutional bodies, chiefs of the security bodies and chiefs of the diplomatic missions in Nepal are invited for the program.Follow @gorkhapost