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| INTERVIEWS |
 “ The norm should be capital adequacy, not paid-up capital” [ 2009-07-14 12:44:50 ]
Sashin Joshi, the CEO of NIC Bank Ltd. and the President of Nepal Bankers ’ Association (NBA), shares his views on the latest situation of Nepali banking industry. Excerpts from an interview: |
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| DISCUSSION QUERIES |
| Posted By: Pushpendra |
| Query:I could see the following impact of global financial crisis over the Nepalese Economy:
1. Rise in Inflation :
As Nepal is an import oriented economy, the purchases have to be made in USD. As we all know the cost of dollar rises with the global crisis the cost of imports will rise resulting in the higher rate of Inflation.
2. Decrease in the Grants and Loans:
Another important player of the Nepalese economy is the foreign grant and loan. With the rise in the crisis there will definately be the decrease in the foreign grants and loan effecting the economy of the country.
3. Decrease in remittance :
Another important source of Nepalese livelihood is through the remittances from the foreign country. As the crisis prolong, the foreign employees will loose their job resulting in the decrease in the remittances. |
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| Posted By: Saroj |
| Query:If an individual disposes of land & building which was held by himself for more than 10 years and for less than Rs 50 lacs then whether the tds is required on such transaction??Further if such amount is more than Rs 50lacs then is tds required? |
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| Posted By: Pushpendra |
| Query:Is the adjustment in allowances as stated in the current budget reasonable enough to sustain the employees in the rising inflation of the country? |
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| Posted By: Pradeep |
| Query:I have registered a pvt. ltd. company having PAN no. not vat, mentioning its objective to trade nepaleses herbs. I want expert advice whether it is necessary to register under excise department? |
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| Posted By: Gokul |
| Query:Dear Sir,
I am working in private company.
Pls write me the accounting treatment of tax deduction on interest by the bank. |
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| Posted By: jeevan |
| Query:what is the maximum validity period of Temporary Account Number (TAN)? and for how many times can it be issued? |
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| Posted By: ashim |
| Query:is it necessary to deduct tds while payment of telephone bills and electricity bills? |
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| FOREX WATCH |
Open Market Exchange Rates
Mon, Jul 12, 2010
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| Currency |
Unit |
Buying/Rs. |
Selling/Rs. |
| British £ |
1 |
112.95 |
113.86 |
| IC |
100 |
160 |
160.15 |
| Japanese ¥ |
10 |
8.4 |
8.46 |
| Australian $ |
1 |
65.25 |
65.78 |
| Canadian $ |
1 |
71.42 |
71.99 |
| Singapore $ |
1 |
53.93 |
54.37 |
| Euro (€) |
1 |
94.56 |
95.32 |
| Chinese Yuan |
1 |
10.98 |
11.06 |
| Swiss Franc |
1 |
70.78 |
71.35 |
| US $ |
1 |
74.35 |
74.95 |
| Saudi Arabian riyal |
1 |
19.82 |
19.98 |
| UAE Dirham |
1 |
20.24 |
20.4 |
| Qatari riyal |
1 |
20.42 |
20.59 |
| Malaysian ringgit |
1 |
23.31 |
23.5 |
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