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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Governor Adhikari further said that the flow of loan from the banking sector has increased this winter. He claimed that the high liquidity of banks will now come in good use with the increase in flow of loan. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He said that the central bank opened forms for refinancing only three months ago and the submissions were approved only in the month of Kartik (mid-October to mid-November). He added that the work procedure for economic revival was approved the following month and therefore it is still now clear how much contributions did a particular bank made. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He added that the central bank has so far approved refinancing of Rs 81 billion. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Governor Adhikari said that only 6 percent industries were fully operational in the month of Jestha (mid-May to mid-June) while the up to 57 percent industries are fully operational now. This will have a positive effect on the economy, added Adhikari.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Governor Adhikari further said that the flow of loan from the banking sector has increased this winter. He claimed that the high liquidity of banks will now come in good use with the increase in flow of loan. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He said that the central bank opened forms for refinancing only three months ago and the submissions were approved only in the month of Kartik (mid-October to mid-November). He added that the work procedure for economic revival was approved the following month and therefore it is still now clear how much contributions did a particular bank made. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He added that the central bank has so far approved refinancing of Rs 81 billion. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“So far, we have approved a total of 81 billion refinancing to 41,000 debtors. Among them, more than 33,000 borrowers are entitled to refinancing facility for small loan of less than Rs 1.5 million,” said Governor Adhikari.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Governor Adhikari further said that the flow of loan from the banking sector has increased this winter. He claimed that the high liquidity of banks will now come in good use with the increase in flow of loan. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He said that the central bank opened forms for refinancing only three months ago and the submissions were approved only in the month of Kartik (mid-October to mid-November). He added that the work procedure for economic revival was approved the following month and therefore it is still now clear how much contributions did a particular bank made. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Governor Adhikari said that only 6 percent industries were fully operational in the month of Jestha (mid-May to mid-June) while the up to 57 percent industries are fully operational now. This will have a positive effect on the economy, added Adhikari.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Governor Adhikari further said that the flow of loan from the banking sector has increased this winter. He claimed that the high liquidity of banks will now come in good use with the increase in flow of loan. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He said that the central bank opened forms for refinancing only three months ago and the submissions were approved only in the month of Kartik (mid-October to mid-November). He added that the work procedure for economic revival was approved the following month and therefore it is still now clear how much contributions did a particular bank made. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He added that the central bank has so far approved refinancing of Rs 81 billion. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Governor Adhikari further said that the flow of loan from the banking sector has increased this winter. He claimed that the high liquidity of banks will now come in good use with the increase in flow of loan. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He said that the central bank opened forms for refinancing only three months ago and the submissions were approved only in the month of Kartik (mid-October to mid-November). He added that the work procedure for economic revival was approved the following month and therefore it is still now clear how much contributions did a particular bank made. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He added that the central bank has so far approved refinancing of Rs 81 billion. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He said that the central bank opened forms for refinancing only three months ago and the submissions were approved only in the month of Kartik (mid-October to mid-November). He added that the work procedure for economic revival was approved the following month and therefore it is still now clear how much contributions did a particular bank made. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He said that the central bank opened forms for refinancing only three months ago and the submissions were approved only in the month of Kartik (mid-October to mid-November). He added that the work procedure for economic revival was approved the following month and therefore it is still now clear how much contributions did a particular bank made. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He added that the central bank has so far approved refinancing of Rs 81 billion. </span></span></span></span></p>
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December 31: The impact of Covid-19 on Nepal’s economy has been less severe than expected, according to Nepal Rastra Bank’s Governor Maha Prasad Adhikari.
Speaking with the new executive committee members of the Nepalese Association of Financial Journalists (NAFIJ) during a virtual meeting on Wednesday (December 30), Governor Adhikari said that the financial activities of most of the sectors except a few are satisfactory at present and that the economy will witness financial in the coming days.
Governor Adhikari said that only 6 percent industries were fully operational in the month of Jestha (mid-May to mid-June) while the up to 57 percent industries are fully operational now. This will have a positive effect on the economy, added Adhikari.
Governor Adhikari further said that the flow of loan from the banking sector has increased this winter. He claimed that the high liquidity of banks will now come in good use with the increase in flow of loan.
He said that the central bank opened forms for refinancing only three months ago and the submissions were approved only in the month of Kartik (mid-October to mid-November). He added that the work procedure for economic revival was approved the following month and therefore it is still now clear how much contributions did a particular bank made.
He added that the central bank has so far approved refinancing of Rs 81 billion.
“So far, we have approved a total of 81 billion refinancing to 41,000 debtors. Among them, more than 33,000 borrowers are entitled to refinancing facility for small loan of less than Rs 1.5 million,” said Governor Adhikari.
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He said that the central bank opened forms for refinancing only three months ago and the submissions were approved only in the month of Kartik (mid-October to mid-November). He added that the work procedure for economic revival was approved the following month and therefore it is still now clear how much contributions did a particular bank made. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He added that the central bank has so far approved refinancing of Rs 81 billion. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Speaking with the new executive committee members of the Nepalese Association of Financial Journalists (NAFIJ) during a virtual meeting on Wednesday (December 30), Governor Adhikari said that the financial activities of most of the sectors except a few are satisfactory at present and that the economy will witness financial in the coming days.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Governor Adhikari further said that the flow of loan from the banking sector has increased this winter. He claimed that the high liquidity of banks will now come in good use with the increase in flow of loan. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He said that the central bank opened forms for refinancing only three months ago and the submissions were approved only in the month of Kartik (mid-October to mid-November). He added that the work procedure for economic revival was approved the following month and therefore it is still now clear how much contributions did a particular bank made. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He added that the central bank has so far approved refinancing of Rs 81 billion. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“So far, we have approved a total of 81 billion refinancing to 41,000 debtors. Among them, more than 33,000 borrowers are entitled to refinancing facility for small loan of less than Rs 1.5 million,” said Governor Adhikari.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Governor Adhikari further said that the flow of loan from the banking sector has increased this winter. He claimed that the high liquidity of banks will now come in good use with the increase in flow of loan. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He said that the central bank opened forms for refinancing only three months ago and the submissions were approved only in the month of Kartik (mid-October to mid-November). He added that the work procedure for economic revival was approved the following month and therefore it is still now clear how much contributions did a particular bank made. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Governor Adhikari further said that the flow of loan from the banking sector has increased this winter. He claimed that the high liquidity of banks will now come in good use with the increase in flow of loan. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He said that the central bank opened forms for refinancing only three months ago and the submissions were approved only in the month of Kartik (mid-October to mid-November). He added that the work procedure for economic revival was approved the following month and therefore it is still now clear how much contributions did a particular bank made. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He added that the central bank has so far approved refinancing of Rs 81 billion. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Governor Adhikari said that only 6 percent industries were fully operational in the month of Jestha (mid-May to mid-June) while the up to 57 percent industries are fully operational now. This will have a positive effect on the economy, added Adhikari.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Governor Adhikari further said that the flow of loan from the banking sector has increased this winter. He claimed that the high liquidity of banks will now come in good use with the increase in flow of loan. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He said that the central bank opened forms for refinancing only three months ago and the submissions were approved only in the month of Kartik (mid-October to mid-November). He added that the work procedure for economic revival was approved the following month and therefore it is still now clear how much contributions did a particular bank made. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He added that the central bank has so far approved refinancing of Rs 81 billion. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Governor Adhikari said that only 6 percent industries were fully operational in the month of Jestha (mid-May to mid-June) while the up to 57 percent industries are fully operational now. This will have a positive effect on the economy, added Adhikari.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Governor Adhikari further said that the flow of loan from the banking sector has increased this winter. He claimed that the high liquidity of banks will now come in good use with the increase in flow of loan. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He said that the central bank opened forms for refinancing only three months ago and the submissions were approved only in the month of Kartik (mid-October to mid-November). He added that the work procedure for economic revival was approved the following month and therefore it is still now clear how much contributions did a particular bank made. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He added that the central bank has so far approved refinancing of Rs 81 billion. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“So far, we have approved a total of 81 billion refinancing to 41,000 debtors. Among them, more than 33,000 borrowers are entitled to refinancing facility for small loan of less than Rs 1.5 million,” said Governor Adhikari.</span></span></span></span></p>
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'summary' => 'December 31: The impact of Covid-19 on Nepal’s economy has been less severe than expected, according to Nepal Rastra Bank’s Governor Maha Prasad Adhikari.',
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Speaking with the new executive committee members of the Nepalese Association of Financial Journalists (NAFIJ) during a virtual meeting on Wednesday (December 30), Governor Adhikari said that the financial activities of most of the sectors except a few are satisfactory at present and that the economy will witness financial in the coming days.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Governor Adhikari said that only 6 percent industries were fully operational in the month of Jestha (mid-May to mid-June) while the up to 57 percent industries are fully operational now. This will have a positive effect on the economy, added Adhikari.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Governor Adhikari further said that the flow of loan from the banking sector has increased this winter. He claimed that the high liquidity of banks will now come in good use with the increase in flow of loan. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He said that the central bank opened forms for refinancing only three months ago and the submissions were approved only in the month of Kartik (mid-October to mid-November). He added that the work procedure for economic revival was approved the following month and therefore it is still now clear how much contributions did a particular bank made. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He added that the central bank has so far approved refinancing of Rs 81 billion. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“So far, we have approved a total of 81 billion refinancing to 41,000 debtors. Among them, more than 33,000 borrowers are entitled to refinancing facility for small loan of less than Rs 1.5 million,” said Governor Adhikari.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Speaking with the new executive committee members of the Nepalese Association of Financial Journalists (NAFIJ) during a virtual meeting on Wednesday (December 30), Governor Adhikari said that the financial activities of most of the sectors except a few are satisfactory at present and that the economy will witness financial in the coming days.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Governor Adhikari said that only 6 percent industries were fully operational in the month of Jestha (mid-May to mid-June) while the up to 57 percent industries are fully operational now. This will have a positive effect on the economy, added Adhikari.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Governor Adhikari further said that the flow of loan from the banking sector has increased this winter. He claimed that the high liquidity of banks will now come in good use with the increase in flow of loan. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He said that the central bank opened forms for refinancing only three months ago and the submissions were approved only in the month of Kartik (mid-October to mid-November). He added that the work procedure for economic revival was approved the following month and therefore it is still now clear how much contributions did a particular bank made. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He added that the central bank has so far approved refinancing of Rs 81 billion. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“So far, we have approved a total of 81 billion refinancing to 41,000 debtors. Among them, more than 33,000 borrowers are entitled to refinancing facility for small loan of less than Rs 1.5 million,” said Governor Adhikari.</span></span></span></span></p>
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