central
Nepal Rastra Bank Proposes QR Code Payment Limits for Indian Transactions
A recent proposal by Nepal’s central bank suggests imposing limits on payments made via Quick Response (QR) codes for Nepali nationals in India, aiming to enhance financial transparency and security. The panel suggests capping monthly QR code payments at IRs 100,000 (Rs160,000), except for transactions at specific locations like hotels, hospitals, and medicine shops, where […]
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Bikram Sambat: The Traditional Hindu Calendar System and the Nepali New Year Celebration
Bikram Sambat, also known as the Vikram Samvat, is a traditional Hindu calendar system that has been used in various parts of South Asia for centuries. It is named after King Vikramaditya, a legendary ruler of ancient India, and is based on a solar year of 365.2425 days. The Bikram Sambat year typically begins in […]
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Bank Holidays in Nepal 2080
Nepal Rastra Bank, the central bank of Nepal, recently released the annual bank holiday schedule for the period of 2080 BS (April 14, 2023-April 12, 2024). This announcement by NRB follows the government’s decision to allow certain essential service-providing institutions, such as banks, to operate on certain public holidays declared by the government. The NRB […]
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