Roundup of Economic & Business News (Aug 1 - Aug 2)

Stock market loses Rs 3b in a day
eKantipur.com, Aug 2
KATHMANDU, Aug 2 - Alarmed by another heavy single-day fall that wiped out Rs 3 billion from the share market on Tuesday, Nepal Stock Exchange (NEPSE) has decided to suspend matching transaction from Wednesday, in order to cool down the heated market by barring brokers from conducting both buying and selling activities. more…

SAARC defers free trade dispute
BBC, Aug 2
South Asian foreign ministers have agreed to defer a dispute between India and Pakistan over the implementation of a regional free trade agreement. more…

"Enforce provision of capital adequacy": Dr. Pant
Nepalbiznews.com, Aug 2
Institute for Development Studies (IfDS) has requested Nepal Rastra Bank (NRB) to immediately enforce the previously announced provision regarding to the adequacy of capital. more…

FNCCI begins Environ and energy promotion service Biz News
Nepalbiznews.com, Aug 2
Federation of Nepalese Chambers of Commerce and Industries (FNCCI), the apex body of the industries and commerce across the nation, has launched "Industrial Environment and Energy Promotion Program (IEEP)" with the view to make Nepalese industries nationally and internationally competitive. more…

Reversing 'Lahure' legacy in 'New Nepal'?
Comentary
Surendra Phyyal
eKantipur.com, Aug 1
On my recent flight back to New Delhi, two gentlemen were seated next to me. Returning to my assignment base in the next door neighborhood, I was privileged. Not Mohamed Khan and Ramesh Chaudhary, both of Morang district (I still remember their name because I helped them fill out their disembarkation cards) were bound for Kuala Lumpur, Malaysia. more…

Stock market loses Rs 3b in a day
eKantipur.com, Aug 1
Alarmed by another heavy single-day fall that wiped out Rs 3 billion from the share market on Tuesday, Nepal Stock Exchange (NEPSE) has decided to suspend matching transaction from Wednesday, in order to cool down the heated market by barring brokers from conducting both buying and selling activities. more…

Economy Survey: Foggy figures erode credibility
eKantipur.com, Aug 1
The recently unveiled Economy Survey for the last fiscal year 2005/06 presented misleading and contradictory figures of some major sectors, raising serious questions over its credibility. more…

Weak treasury recipe for risks
The Himalayan Times, Aug 1
Experts from banking and financial sector today said that sound treasury management (TM) is required to control risks in the banking system, including the functions of banking, money-market, capital market transactions, project financing, borrowing, investment and hedging instruments. more…

India accuses Pakistan of jeopardising SAFTA
India Monitor, August 1
India on Monday accused Pakistan of jeopardising the South Asian Free Trade Agreement (SAFTA) after Islamabad failed to implement key tariff reductions for New Delhi, a senior Indian official said. more…