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News tagged 'austerity measures'

Banks to adopt austerity measures as COVID-19 hits businesses

Jun 29, 2020

KATHMANDU, JUNE 28 With their financial position being hit and expected to be hit even harder in the coming months due to the COVID-19 pandemic, banks and financial institutions (BFIs) are falling back on austerity measures including not renewing the agreement of those working on contract basis, reducing allowances of staffs and bringing down the a...

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