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Government decides to impose Prohibitory Order in areas with 500 active cases

2nd September 2020
"Government decides to impose prohibitory order and lockdown in highly affected areas."

Along with the week prohibitory order added in Kathmandu Valley, the government has decided to give authority to issue prohibitory order in the districts having more than 500 COVID-19 patients. 

Similarly, Dr. Jageshwor Gautam, the spokesperson added that the local governing bodies of the area having more than 200 active COVID cases have the authority to impose lockdown in the area/district.

Currently, 12 districts along with Kathmandu, Lalitpur, Morang, Sunsari, Chitwan, and Rupandehi have more than 500 active COVID cases. Likewise, 6 districts i.e. Siraha, Bhaktapur, Makwanpur, Kapilvastu, Dang, and Kailali have more than 200 active cases in Nepal.

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NRB directs remittance service providing companies for providing easy service during lock down

20th August 2020
"Nepali citizens in abroad employment can be withdrawn easily in the situation of lockdown."

Nepal Rastra Bank (NRB) has directed the remittance service providing companies to make arrangements so that the remittance send by the Nepali citizens in abroad employment can be withdrawn easily in the situation of lockdown.

The central bank has also directed the remittance service providing companies to open their counter for paying the money remitted by Nepalis on foreign employment to their families.

Lockdown has been imposed since Thursday in various places of the country including in Kathmandu Valley following the increased risk of coronavirus pandemic.

NRB stated in a press release today that the remittance service provider firms have been urged to make these arrangements in view of the difficulty faced by the families of those Nepalis who are in abroad employment as they cannot easily access the remittances due to the lockdown. 

It also urged these companies to open their counter and provide the remittance-related financial services throughout the lockdown period by adopting all the health safety process with the presence of a minimum of staff by coordinating with local administration.

Likewise, the central bank has urged all to carry out the remittance fund transfer and foreign currency exchange in coordination with the bank and financial institutions as well as to make the transactions electronically as far as possible by fully keeping to the health safety protocol.

Source: RSS

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Tribhuvan University Exercises Subsidized Learning Data Packs

24th August 2020
"TU is resolving the internet problems faced by students and teachers by subscribing to various data pack offers."

Due to the on-going Coronavirus pandemic, the traditional educational approach has been replaced by the online education system. Tribhuvan University (TU), the eldest university of Nepal, has also been conducting online classes of different faculties since last few months. However, several students who currently are in their hometowns or villages are facing internet problems and have been objecting the decision.

To resolve this problem, TU along with its affiliated campuses and colleges have decided to enable different highly-subsidized data pack offers catered by telecommunications service providers- NTC and Ncell, to aid the internet problem faced by several teachers and students. Previously, Ncell had brought Mobile Class Data Pack in collaboration with TU as well.

Recently, Shanker Dev Campus, a TU affiliated campus, has sent the list of the phone number of its students and teachers to NTC; and, has managed the subscription of suitable data pack for the students and teachers as per their requirement. 

Besides TU, other schools, colleges, institutions and universities are also subscribing the subsidized data packs such as e-Shikshya Package and Happy Learning Pack by NTC and Mobile class data pack and Student Plan by Ncell.
 

 

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Limitations for Digital Transactions set by NRB: Maximum of Rs 25000 set for per transactions in e-Wallets

31st August 2020
"NRB set some limits for digital transactions."

Nepal Rastra Bank (NRB) has set some limitations for digital transactions through the integrated directive on the payment system.  The limitations on digital transactions via e-wallets, mobile/ internet banking, and cards have been set.

Limitations for e-Wallets

As per the new arrangements, fund transfer limits for e-wallets have been set as:

S. No. Fund Transfer per transaction per day per month
1 Agent or Sub-agent to the wallet               - 25,000 100,000
2 Bank to Wallet 25,000 100,000 500,000
3 Wallet to other Bank 25,000 100,000 500,000
4 Wallet to wallet 25,000 100,000 500,000

NRB stated that no limit will be imposed while transferring money from an e-wallet to one's own account. In addition, the payment service provider will not be allowed to charge any fee to the customer for the transactions made through point of sale (POS) machine from the merchants of department stores, hotels, shops, etc.

Limitations for Mobile and Internet Banking

As per the new arrangements, limitations for transactions via Mobile and Internet Banking have been set as:

S. No. Instruments per day per month
1 QR Code 100,000 10,00,000
2 Merchant Payment 10,00,000 30,00,000
3 Account Transfer 10,00,000 50,00,000

However, no limit will be imposed on various types of payments such as taxes, revenue, fines, vehicle fees, registration, and service fees to be paid at the concerned office of the Government of Nepal.  Also, no limit will be imposed on the payment of electricity service, telecommunication service, drinking water service, insurance premium, and social security allowance; bill payment for educational institutions, health institutions, air services, transport services, hotels, and restaurants.

Limitations for Card Payments

The limitations set as per the new arrangements for transactions via cards have been set as:

S. No. Instrument per transaction per day per month
1 Prepaid Card 25,000            -          -
2 Debit Card 25,000 100,000 400,000
3 Kiosk Card             - 25,000 50,000
4 NFC Card 25,000             -           -

The credit cards, generally, cannot be used for cash transactions; but, in case of emergency, the customer is allowed to withdraw up to 10% of the amount of credit card. Prepaid cards can be issued by banks and financial institutions up to a maximum of Rs 100,000 and by payment service providers up to a maximum of Rs 25,000. 
 

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