News & Updates

  • Synopsis of Monetary Policy

    Click  to download Synopsis of Monetary Policy

  • Nepalese taking prior approval from DoFE for abroad job till July 15, 2013 reached 56769

    Nepalese taking prior approval from Department of Foreign Employment (DoFE) for abroad job for the month of Ashad 2070 (i.e. July 15, 2013) reached to 56769. Hence Nepalese taking prior approval for abroad job from Shrawan till Ashad end 2070 (July 16, 2012 to July 15 2013) reached to 702519. Out of total Nepalese (702519) […]

  • Yeti Development becomes the biggest Development Bank in Nepal

    Yeti Development Bank Ltd started its integrated transaction from Ashad 31, 2070 after the merger process among the then Manakamana Development Bank, Yeti and Valley Finance completed. The bank became the biggest Development bank in terms of capital base amongst “B” class Development Banks licensed by Nepal Rastra Bank. The bank now has a capital […]

  • An account payee cheque mandatory to firm/company/Institution and offices

    NRB has made a policy decision to  issue an account payee cheque mandatorily to the firm/company/institution and offices effective from Shrawan 01, 2070 (BS). The NRB issued a circular notice to all the banks and financial institutions to this effect in order to maintain uniformity, transparency and make a payment system riskless through Cheque.

  • Budget Highligths – F/Y-2070/71

    Total budget: Rs 517.24 billion Regular Expenditure: Rs 275.66 billion Development Expenditure: Rs 241.58 billion Employee’s salary to increase by 18% along with dearness allowance of 1000 rupees for all level staffs. Tax exemption limit increased from Rs 160,000 to Rs 200,000 for individual and Rs 200000 to Rs 250,000 for married salaried Increment on […]

  • Income Tax Relief for Salaried People

    The budget has also increased the tax exemption limit of individual and married to Rs 200,000 and Rs 250,000 respectively. Prior to this, such limit was Rs 160,000 and 200,000 respectively for individual and married. However, one percent social security tax is mandatory irrespective of earnings of individual or married. This arrangement is likely to […]

  • Employee’s Salary increased by 18%

    The budget Speech for the F/Y 2013/14 has revised the Salary of employees by 18% on the basic pay along with dearness allowance of thousand rupees for all level staff.

  • Welcome to the official homepage of GRS Consulting Service Pvt. Ltd.

    GRS is a newly incorporated company with the objective of rendering management consulting solutions primarily to the local establishments in strategy formulation, innovation, restructuring and problem solving in various sectors. GRS provides services in the areas of Management and Compliance Consultancy and International Representation. GRS has developed a customized Database CMS product GRS Search for […]

  • Merger of Royal Merchant Banking, RARA Bikash Bank and Api Finance Limited

    Royal Merchant Banking, RARA Bikash Bank Ltd. and Api Finance Limited merged in the name of Apex Development Bank Ltd from July 15, 2013. The bank has now become National level Development Bank after the merger.  It has now 15 branches across the country.

  • Global IME Bank formally integrated two Development Banks

    Social Development Bank Ltd and Gulmi Bikas Bank Ltd formally integrated into Global IME Bank Ltd from 14 July, 2013. Prior to this, IME Financial Institution and Lord Buddha Finance had merged with the then Global Bank Ltd. The Bank has now 64 branches and few more branches are under the process of opening. The […]