Tuesday Sep 28, 2021
Tuesday Sep 28, 2021

Foreign investment and debt management regulations positive: CNI


Nepalnews
2021 Jun 08, 22:26, Kathmandu

The Confederation of Nepalese Industries (CNI) has welcomed the ‘Nepal Rastra Bank Foreign Investment and Foreign Debt Management Regulations, 2078’.

The Confederation has congratulated the central bank for putting in place policy arrangement to facilitate the inflow of foreign investment and foreign loan. The CNI has come up with ‘Make in Nepal’ campaign to increase industrial outputs in Nepal by attracting domestic and foreign investment.

The regulations have made a provision that there is no compulsion for foreign investors to obtain approval from the central bank to bring in or send out foreign currency once the approval was taken from the foreign investment approval agency. This arrangement will facilitate the foreign investors to bring in investment without taking much time.

The arrangement specified in the regulations noted that the foreign company or investors will obtain accounting certificate within seven days after the submission of the application for the same. The by-law also has a provision that the bank should give decision within 15 days of the application submission to allow the foreign investors to return the income generated in Nepal to his/her home country.

READ ALSO:

Confederation of Nepalese Industries CNI Nepal Rastra Bank Foreign Investment and Foreign Debt Management Regulations Foreign investment debt management regulations

Additional News

Editor's Choice

Nepal's First Online News Portal
Published by Nepalnews Pvt Ltd
Editor: Raju Silwal
Information Department Registration No. 1505 / 076-77

Contact

KMC-02, UttarDhoka,
Lazimpat, Nepal

Newsroom
+977–01–4445751 / 4445754

E-mail
info@nepalnews.com editor@nepalnews.com

Terms of Use Disclaimer
© NepalNews. 2021 All rights reserved. | Nepal's First News Portal