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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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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As the risk of coronavirus infection is on the rise, the government is planning to use academic session by considering to practising alternative learning system as the mainstream. 

At a virtual programme organised here today, Spokesperson at the Ministry of Education, Science and Technology Ministry Dipak Sharma said that the government is taking this decision so that the whole academic year won’t be spared. The Ministry reached this point considering the fact of health risks as well as the reality to get access to the class.     

He argued that the National Curriculum Evaluation Council has already decided in principle to give approval for the alternative learning and the Curriculum Development Centre is assessing other technical aspects including the credit hours. 

The students’ individual evaluation would be done to advance the course and the students’ record would be maintained from each school to confirm the number of the students’ enrolment. 

For this to materialize, Alternative System’s Learning Facilitation Guidelines, 2020 would be amended within a week. 

On the occasion, Chairman of Nepal Teachers’ Federation Baburam Thapa argued that the discussion on the academic session was a positive move but trading barbs on teachers for poor delivery was not acceptable.    

Arguing that educational result and operation as in the regular period was not likely, Thapa urged to prioritize self-study at this time. Private and Boarding Schools Organisations of Nepal (PABSON) president Tikaram Puri suggested initiating the student admission process if the new academic session is to be formally initiated. He demanded that the school new session should be counted from June 15 onwards. 

President of National Private and Boarding Schools Association of Nepal (N-PABSAN), Rituraj Sapkota said the learning of all students cannot be guaranteed and managed well unless all the students were documented even though the alternative system is formally recognised.

President of Federation of Community Schools Management Committees Nepal, Krishna Thapa said there was no other option than to count the alternative learning as a part of the school session. He suggested that several schools would be able to run classes by maintaining social distancing if the fear and concerns of the parents could be addressed. He also stressed on linking teachers with students in alternative learning. 

President of Guardians Federation and Academic Session Management Recommendation Committee member Suprabhat Bhandari suggested preparing a plan for mobilizing the national volunteers for the regularity of the academic session as the risk of coronavirus pandemic was not going to go away shortly.

Former secretary at the Ministry of Education, Bhim Lal Gurung said although the alternative learning was appropriate in the time of crisis, its managerial aspect was quite challenging. He stressed on the need for cooperation and the development of infrastructure for making the alternative learning functional.

Headteacher of Nilbarahi School, Kathmandu, Dr Januka Poudel shared that a survey showed most of the students of the school did not have access to the internet and information technology. So this is the challenge in an alternative method of teaching and learning, she said.

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Tiktok, previously, has become one of the most used mobile applications where people make video contents and share it in social platforms. Nepalese have also been keen towards this application; recently, the usage of tiktok has increased by 25% in nepal and alongside several difficulties have also risen.

While users of other internet service providers are facing problems using the Tiktok app, the users of ClassicTech, as claimed by Classic Tech, are conveniently using the application without any technical difficulty or hindrance, even during the peak hours.

Classic Tech has collaborated with Akamai to connect the content bandwidth of tiktok in order to facilitate easy services to their customers. Its server can handle twice the traffic it has currently with ease.

Classic Tech believes that its technical team that works 24 hours will handle any kind of problems without causing inconvenience to the users. Also, they claim that the customers have never had any problem using tiktok before and still don't have any problem.

 

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