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Headlines
Bribe-ridden medical education
On the spot fine during monitoring
Lalitpur Finance declared problematic
Address problems of farmers
Factories oppose govt set sugarcane price

Top News

Factories oppose govt set sugarcane price

RADHIKA DHAKAL KATHMANDU, March 30: Sugar manufacturers have announced they will not pay the price of sugarcane fixed recently by the government citing the falling sugar price. They claim that the factories cannot operate by paying the price fixed by government. The government on Thursday had fixed the price of sugarcane for the current fiscal year at Rs 461 per quintal after the factories a...

On the spot fine during monitoring

MOHAN GURUNG KATHMANDU, March 30 The market monitoring teams deployed by the Department of Commerce and Supplies Management can now take action against the firms not meeting the standards on the spot. The draft of the amended Consumer Rights Protection Act has provision allowing the monitoring officer to impose a fine of Rs 5,000 to Rs 15,000 on such businessmen on the spot. The act curre...

Country suffers due to illegal transactions

LOK BAHADUR CHAPAGAI KATHMANDU, March 25 The difference of trade deficit has been limited to 16.1 percent in the first seven months of the current fiscal year. It was 25.3 percent in the corresponding period last year. There was balance of payment (BOP) surplus of Rs 32.80 billion at mid-February while it was 95.78 billion at the corresponding time last year. Remittance growth rate, that ...

FDI commitment rises by 83%

NEERU ARYAL KATHMANDU, Feb 28 Enthusiasm of foreign investors to invest in Nepal has increased after the second Co...
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Liberty-College

Lalitpur Finance declared problematic

KATHMANDU, March 30 The Nepal Rastra Bank (NRB) has declared Lalitpur Finance Limited problematic. The board meeting of NRB chaired by newly appointed Governor Dr Chiranjeevi Nepal has declared the finance company problematic for failing to maintain financial good governance, due to negative capital fund and high bad debts. The finance company has deposit of Rs 1.35 billion, according to the...

Banks blacklist Melamchi

RADHIKA DHAKAL KATHMANDU, Feb 23 Over two dozen private commercial banks have blacklisted the Melamchi Water Suppl...

Uncertainty in FNCCI

KATHMANDU, March 19 The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) is facing legal complexities after arrest of its president Pradeep Jung Pandey. Senior Vice-president functions as acting president if the post of president is vacant as per the FNCCI statute but there is uncertainty in lack of clarity about the process. One faction argues that the post of president is n...

Khadka appointed NOC MD

KATHMANDU, Jan 26 The government has appointed Gopal Bahadur Khadka as the managing director (MD) of Nepal Oil Corpor...

Bribe-ridden medical education

SANJAY PANTHI KATHMANDU, March 30 Promoters of medical college claim that they have paid tens of millions in bribes to officials at the Nepal Medical Council (NMC) and politicians to get affiliation and permission for operation. Senior advocate and promoter of Nepal Medical College Krishna Prasad Bhandari claims the medical college has paid over Rs 30 million in bribes to different bodies...

Information about BP highway on net

SARASWOTI DHAKAL KATHMANDU, March 12 Emergency information system (EIS) has been installed in the Banepa-Bardiwas (BP) Highway constructed with assistance from the Japanese government. The technology installed for the first time in Nepal allows one to get all kinds of information about the 160-kilometer highway including rainfall, landslides, accidents and obstructions through the internet. ...

ISPs cheat internet users

KATHMANDU, Nov 6 Customers have been suffering in lack of quality service even though internet service providers (IS...

Over 3m youths went abroad after 2006

MOHAN GURUNG KATHMANDU, March 21 Over three million Nepali youths have gone abroad in search of work after the political change of 2006 in lack of employment opportunities inside the country. Around 80 percent of Nepalis who have left the country have done so from the fiscal year 2063/64 to the first eight months of the current fiscal year, according to the Department of Foreign Employment. ...

Obstruction of Upper Tamakoshi continues

DIL BAHADUR KC DOLAKHA, March 28: Construction of Upper Tamakoshi Hydropower Project is still stalled after workers rejected the recent agreement to stop the two-week protest at the project. Work has yet to resume for the 16th day due to political division among the workers who returned back after reaching agreement with the Upper Tamakoshi Hydropower Limited (UTKHPL) on Wednesday to immedia...

Irregularities in mess of police, APF

MATRIKA DAHAL KATHMANDU, March 26 Headquarters of the Nepal Police and the Armed Police Force (APF) have deployed teams after financial irregularities in operation of their mess across the country. The forces have deployed special teams to the units across the country to control the irregularities committed due to connivance of office chiefs and mess operators. Around 90 percent of 67,400...

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Market’s Data

Index Current Points Change % of +-
NEPSE 93910 -3.2 -0.003%
Sensitive 19975 -0.53 -0.003%
Float 6604 -0.25 -0.004%
Sen. Float 5485 -0.17 -0.003%
Banking 81830 -1.1 -0.001%
Hotels 19701 0.08 0%
Dev.Bank 200191 51.59 0.026%
HydroPower 79073 -4.32 -0.005%
Finance 215486 -11.94 -0.006%
Insurance 53316 -0.63 -0.001%
Manu & Pro 402359 -41.6 -0.01%
Others 148218 17.95 0.012%
Total Traded Amount Rs: 70491 -10.57 -0.015%
Total Traded Shares: 115650699
Total Transactions: 277283
Currency Unit Purchase Sale
Indian Rupee
100
160
160.15
US Dollar
1
99.56
100.16
AUS Dollar
1
77.18
77.65
EURO
1
108.41
109.06
Pound Sterling
1
148.13
149.02
Japani Yen
10
8.36
8.41
Chinese Yuyan
1
16.02
16.12
Singapore Dollar
1
72.70
73.14
Hongkong Dollar 1 12.84 -
HALLMARK GOLD 51600/per tola
TEJABI GOLD 51350/per tola
SILVER 720/per tola
Petrol(MS)
NRs 110.00/L
Diesel(HSD)
NRs 87.50/L
Kerosene(SKO)
NRs 87.50/L
Aviation Turbine Fuel
NRs 133.00/L(Duty Paid)
Aviation Turbine Fuel(Jet A-1)
USD 1400.00/KL(Bonded)
LP Gas NRs 1470.00/cyl

Seven expectations from 2070

Nepal is gradually corroding in political, economic, social sectors. Every year comes with new energy and vigor but ends with disappointing and failure.

Opinion

Address problems of farmers

Unemployment is at frightening level in the country mired in vicious cycle of political instability. Nobody would want to go abroad to toil in the desert leaving family if there were jobs at home. Opinion
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