FinMin Warns CIT against Interest Rate Manipulation

Mar 18, 2019 Merolagani

Finance Minister Dr Yubraj Khatiwada has warned Citizen Investment Trust (CIT) against interest rate manipulation in the money market.

Speaking in the 29th anniversary as well as foundation stone laying ceremony of CIT, the Finance Minister cautioned CIT that he has been keeping a close eye on its activities.

 "Stock market is the actual playground for CIT, so, it should concentrate on active participation in the stock market not in money market. Do not try to manipulate interest rate in the money market," warned Khatiwada.  


comments powered by Disqus

Nepal reports 1,172 new COVID-19 Cases; 637 in Valley

Sep 23, 2020 04:33 PM

On Wednesday, Nepal has confirmed 1,172 additional COVID-19 cases. With this, the number of COVID-19 cases has reached 67,804 in the country. Out of them, 17,414 are active cases.