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The NEPSE Journal

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All Articles — Page 3

2859 posts

IPPAN3 min read
IPPAN Strongly Objects to SEBON’s Stringent IPO Guidelines, Warns of Severe Capital Drought in Hydropower
To end the chronic tendency of regulatory files languishing in government cabinets for months, IPPAN has demanded a statutory, time-bound approval process. The developers proposed that SEBON must complete its initial review within 15 days of application, process additional requested documents within 7 days, and issue a final binding decision within 60 to 90 days. Additionally, IPPAN firmly demanded a grandfather clause, ensuring that hydropower projects already in the IPO pipeline prior to the implementation of the new guidelines are processed under the old 2017 (2074 BS) regulations to ensure fairness and transitional stability. While SEBON's intent to block financially hollow companies from the stock market is theoretically sound, stakeholders warn that tightening the screws without understanding the ground realities of infrastructure development will ultimately derail Nepal's energy ambitions.
Dipesh Ghimire23 Sep, 2026
Budget 2084/842 min read
Sluggish Development, Aggressive Borrowing: Government Raises 8 Times More Debt Than Capital Expenditure in Two Months
Economic analysts view these statistics as a critical warning sign for the nation's economy. On one hand, the failure to execute the development budget has stalled capital formation, infrastructure growth, and job creation in the market. On the other hand, a massive chunk of state revenue is being drained into unproductive sectors—primarily servicing old debts. Utilizing borrowed funds, which should ideally be invested in high-return infrastructure projects, to merely pay off past loans is a major red flag for the economy. If the government fails to accelerate capital expenditure promptly and boost internal revenue, these spiraling debt obligations will undoubtedly exert catastrophic pressure on the state treasury in the coming months.
Dipesh Ghimire23 Sep, 2026
Microfinance3 min read
The Microfinance Paradox: Profits Surge by 48% as Bad Loans Skyrocket by 64%
Overall, the microfinance sector has amassed total assets worth Rs 655 billion and mobilized over Rs 437 billion in financial resources by mid-July 2026. However, regardless of the sheer size of their operations and capital base, the 64 percent spike in bad loans paired with a growing tendency to defy regulatory directives signals a deepening crisis. The central bank's report clearly warns that unless MFIs urgently rectify their credit quality and adhere strictly to regulatory discipline, their current profit boom will prove unsustainable, ultimately risking a broader shock to the national financial system.
Dipesh Ghimire23 Sep, 2026
NEPSE2 min read
SEBON’s Prior Notice Rule for Major Shareholders Sparks Debate on One-Sided Market Transparency
To foster a genuinely transparent, fair, and stable capital market, regulatory authorities must address these structural discrepancies. A robust disclosure framework cannot operate in a vacuum where only market exits are monitored. For the market to function with absolute integrity, the regulatory net must equally encompass major acquisitions, ensuring that retail investors are protected from the hidden impacts of both artificial supply shocks and undisclosed massive demand.
Dipesh Ghimire23 Sep, 2026
Nepal Rastra Bank1 min read
NRB Takes Action Against Six Microfinance Institutions for Regulatory Breaches
Similarly, the central bank imposed cash fines on two other microfinance companies for failing to maintain their mandatory Cash Reserve Ratio. Win Nepal Laghubitta was fined Rs 58.38 for failing to meet the CRR requirement in the month of Chaitra, 2082. Meanwhile, Sanjeevani Laghubitta faced consecutive fines for failing to maintain its cash reserves for four straight months. NRB slapped fines of Rs 713.88 for Chaitra, Rs 1,067.40 for Baisakh, Rs 1,412.91 for Jestha, and Rs 1,410.78 for Asadh on Sanjeevani Laghubitta.
Dipesh Ghimire23 Sep, 2026
Cheaper Interest Rates3 min read
Cheaper Interest Rates Fail to Spur Credit Demand: Energy and Construction See Growth While Agriculture and Consumption Shrink
This overarching scenario demonstrates that while there is absolutely no scarcity of resources for lending within the banking system, the market is suffering from a severe drought of 'quality and reliable' credit demand. Although the growth in energy, construction, and real estate loans provides a positive signal that certain economic components are trying to move, the decline in agriculture and consumption highlights deep-seated structural weaknesses in the economy. The current necessity goes beyond simply advertising cheaper bank interest rates; it demands urgent policy reforms and the creation of a conducive business environment to restore the lost confidence of entrepreneurs and the general public.
Dipesh Ghimire21 Sep, 2026
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Real Estate Expo 2 min read
Real Estate Expo Concludes with 80,000 Attendees, Signaling Market Rebound; Stakeholders Urge Policy Overhaul
Organized to mark the 75th Diamond Jubilee of the NCC, the expo was hosted by the Nepal Land and Housing Developers' Association and Federation. Bishnu Prasad Ghimire, representing the organizing committee, revealed that several apartments and residential units were booked and sold "on the spot" during the four-day fair. This immediate transaction volume paints a clear picture: the dark clouds that have been hovering over the economy are dispersing, and consumer purchasing power, along with investment confidence, is steadily recovering. The ball is now firmly in the government’s court—whether to harness this renewed private-sector enthusiasm through policy facilitation or to keep the economy trapped in outdated legal red tape.
Dipesh Ghimire21 Sep, 2026
From Trash to Treasure2 min read
From Trash to Treasure: Govt Tables Landmark Bill to Turn Waste into a Multi-Billion Rupee Industry
At the grass-roots level, the bill introduces innovative mechanisms such as community-based "waste banks," recycling centers, and mandatory buy-back schemes requiring manufacturers to repurchase reusable packaging and products from consumers. If passed and vigorously implemented through multi-tiered government coordination, this legislative reform promises not only to resolve the chronic garbage crises plaguing Nepal's major urban hubs, but also to establish a sustainable economic model where waste becomes a continuous source of national revenue.
Dipesh Ghimire21 Sep, 2026
Nepal’s Economy 3 min read
Beyond Relief: Stakeholders Advocate Public-Private Partnerships for Resilient Post-Disaster Housing
Facilitated by Architect Pramila Shilpakar from Khwopa Engineering College, the discourse sent a clear message: disaster management must become an inseparable core of urban development. The expo, jointly organized by the Nepal Land and Housing Developers Association, its federation, and the Nepal Chamber of Commerce, began on mid-September and showcases innovative construction technologies, housing solutions, and infrastructure practices.
Dipesh Ghimire20 Sep, 2026
A Tale of Two Economies4 min read
A Tale of Two Economies: Record External Indicators, but Domestic Market Stagnates
Overall, the mid-August data confirms that the Nepali economy remains trapped in a cycle of "importing goods with remittance money." While a robust external sector provides crucial macroeconomic stability, the general public is unlikely to see relief from the vicious cycle of inflation and unemployment until domestic investment picks up, capital expenditure accelerates, and local jobs are created. The sluggish credit expansion clearly proves that slashing interest rates is not a magic bullet to get the economy moving again.
Dipesh Ghimire20 Sep, 2026

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Insights & Analysis

All Articles — Page 3

IPPAN Strongly Objects to SEBON’s Stringent IPO Guidelines, Warns of Severe Capital Drought in Hydropower

Sluggish Development, Aggressive Borrowing: Government Raises 8 Times More Debt Than Capital Expenditure in Two Months

The Microfinance Paradox: Profits Surge by 48% as Bad Loans Skyrocket by 64%

SEBON’s Prior Notice Rule for Major Shareholders Sparks Debate on One-Sided Market Transparency

NRB Takes Action Against Six Microfinance Institutions for Regulatory Breaches

Cheaper Interest Rates Fail to Spur Credit Demand: Energy and Construction See Growth While Agriculture and Consumption Shrink

Real Estate Expo Concludes with 80,000 Attendees, Signaling Market Rebound; Stakeholders Urge Policy Overhaul

From Trash to Treasure: Govt Tables Landmark Bill to Turn Waste into a Multi-Billion Rupee Industry

Beyond Relief: Stakeholders Advocate Public-Private Partnerships for Resilient Post-Disaster Housing

A Tale of Two Economies: Record External Indicators, but Domestic Market Stagnates

NEPSEtrading

Primary issues

Income & debt

Live market

Read & learn

NEPSE Trading Network

Insights & Analysis

All Articles — Page 3

IPPAN Strongly Objects to SEBON’s Stringent IPO Guidelines, Warns of Severe Capital Drought in Hydropower

Sluggish Development, Aggressive Borrowing: Government Raises 8 Times More Debt Than Capital Expenditure in Two Months

The Microfinance Paradox: Profits Surge by 48% as Bad Loans Skyrocket by 64%

SEBON’s Prior Notice Rule for Major Shareholders Sparks Debate on One-Sided Market Transparency

NRB Takes Action Against Six Microfinance Institutions for Regulatory Breaches

Cheaper Interest Rates Fail to Spur Credit Demand: Energy and Construction See Growth While Agriculture and Consumption Shrink

Real Estate Expo Concludes with 80,000 Attendees, Signaling Market Rebound; Stakeholders Urge Policy Overhaul

From Trash to Treasure: Govt Tables Landmark Bill to Turn Waste into a Multi-Billion Rupee Industry

Beyond Relief: Stakeholders Advocate Public-Private Partnerships for Resilient Post-Disaster Housing

A Tale of Two Economies: Record External Indicators, but Domestic Market Stagnates