-Inundation Affects Kathmandu Valley Residents -Tragedy Strikes as Landslide Claims Life and Leaves Several Missing Nepal – The Kathmandu Valley has been hit by heavy rainfall, leading to flooding in rivers and streams. The Weather Forecasting Division has issued an alert due to the continuous downpour that has persisted since last night. The Division has indicated that Nepal will experience several more days of rainfall due to the monsoon’s low-pressure system situated north of its usual location, near Nepal. The heavy rainfall is further exacerbated by the monsoon winds and a low-pressure system affecting Bihar, India. Currently, provinces including Madhes, Bagmati,…
Author: acetech
KATHMANDU: The government has delegated authority to 26 joint secretaries. Joint secretaries from several ministries have been transferred, according to a ministerial directive issued by General Administration Minister Aman Lal Modi. Here is the list of who went where:-
KATHMANDU, July 23: Nepal Stock Exchange (Nepse) on Sunday increased by a whopping 63.24 points to close at 2,227.16 points. The secondary market responded positively to the monetary policy unveiled by Nepal Rastra Bank. The market in the first hours of trading went into slow motion, while it jumped up suddenly after the central bank unveiled the monetary policy at around 1:30 pm. The secondary market opened at 2,163.92 points and gained around 29 points in the first 45 minutes of the trading. The index then dropped to 2,177.23 points in the next one and a half hour. The index…
The Monetary Policy for the current fiscal year 2023-24 unveiled by the Nepal Rastra Bank today has set seven various targets. The structure and targets of the new Monetary Policy seek to maintain the foreign exchange reserve at a level sufficient to cover the anticipated imports of goods and services at least for seven months. The Monetary Policy has determined its policy rates being based on the capacity of the foreign exchange reserves to cover imports and the target annual inflation rate. Additionally, the exchange rate of the Nepalese currency against the Indian currency has been maintained as it is.…
KATHMANDU, July 23: Nepal Rastra Bank (NRB) is going to restructure the loans of borrowers who are in trouble due to natural disasters or other special circumstances. As mentioned in the regulation and supervision of the monetary policy unveiled on Sunday, the NRB will issue a ‘Stressed Loan Resolution Framework’ including measures and procedures to be followed by banks and financial institutions for revival and other management by arranging credit restructuring and other measures. Similarly, it is said that the asset quality of commercial banks will be re-evaluated. In addition, guidelines for internal credit risk classification of banks and financial…
Kathmandu, July 22. Ncell customers can now take benefit from access to unlimited voice calls service in any network bundled with attractive daily data and SMS. Ncell Axiata Limited has launched news combo packs that help customers stay connected all the time be it on on-net or off-net. Customers who need to make off-net calls can subscribe to all-net combo pack that comes with unlimited calls, 2 GB per day data, and 400 all-net SMS at just 998 including taxes. Customers can activate this pack by simply dialing*17118*7*3# For customers who need on-net services, there is unlimited on-net calls service…
Kathmandu:The 41st BP Memorial Day is being celebrated across the country today, commemorating the contribution of the first elected Prime Minister, BP Koirala. A towering figure in the history of Nepali politics, Koirala dedicated his life for the establishment of democracy in Nepal while also making a name for himself in the field of Nepali literature. Born on Bhadra 24, 1971 BS, he died of cancer on 6th Saun 2039 BS. He was elected Prime Minister in Jetha 2016 BS after the first ever parliamentary elections of 2015 BS. Koirala led the Nepali Congress to a two-thirds majority in the…
NC General Secretary Thapa Proposes Formation of 22 New Departments in PartyPardafas Reporter clock 18th Jul 2023facebook sharing buttontwitter sharing buttonemail sharing buttonsharethis sharing buttonwhatsapp sharing buttonNC General Secretary Thapa Proposes Formation of 22 New Departments in PartyNepali Congress General Secretary Gagan Kumar ThapaNepali Congress (NC) party, General Secretary Gagan Kumar Thapa has put forth a proposal to establish 22 additional departments. Thapa presented this proposal during the central working committee meeting held in Lalitpur on Tuesday. The proposal comes at a crucial time for the NC, as it faces challenges in nominating members for most of its existing 48…
Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has stated that his wife Sita Dahal passed away peacefully. Prime Minister Prachanda, addressing the funeral gathering held in Baluwatar on Tuesday, mentioned that they did everything within their means to treat Sita’s illness, without relying on any state-provided facilities. Despite concerns about the possibility of Sita experiencing a painful death in the ICU or on a ventilator, Prime Minister Prachanda remarked that she did not cause suffering to others throughout her life. Sita peacefully chose her own passing. She was admitted to the hospital at 7:30 PM and peacefully left at around 8:30…
Tarapunj Resort operating in Chitwan’s Bharatpur Metropolitan City Ward No. 07 Krishnapur has sold its 51% share. Established hotel chain Yellow Pagoda has purchased a 51% stake in the resort.According to Anil Rajbhandari, President of Hotel Yellow Pagoda, the name of the resort was changed to Hotel Yellow Pagoda Chitwan from 2080 Shrawan 01. The management will also be of Hotel Yellow Pagoda. According to him, the Capital will be increased to 25 crores and the hotel will be operated with star level facilities. The second branch of the chain hotel Yellow Pagoda, which started its service from Kathmandu Jamal…