Stock Exchange
As of 2015-03-26    14:59:43       ADBL 465 ( 966 ) ( 6 )       AHPC 342 ( 4,501 ) ( -2 )       ALICL 1,235 ( 556 ) ( 1 )       APEX 140 ( 359 ) ( 2 )       ARDBL 210 ( 207 ) ( -4 )       BGDBL 324 ( 10 ) ( -6 )       BHBL 270 ( 3,650 ) ( -10 )       BLDBL 318 ( 340 ) ( 0 )       BPCL 588 ( 321 ) ( 5 )       BUDBL 205 ( 155 ) ( 8 )       CBBL 1,570 ( 333 ) ( 0 )       CBL 283 ( 7,254 ) ( 1 )       CCBL 305 ( 5,529 ) ( -2 )       CDBL 340 ( 1,269 ) ( 2 )       CFCL 202 ( 140 ) ( 0 )       CHCL 1,600 ( 5,207 ) ( -14 )       CNDBL 182 ( 131 ) ( 6 )       CSDBL 377 ( 439 ) ( -38 )       CZBIL 450 ( 3,624 ) ( 0 )       DDBL 1,180 ( 515 ) ( -22 )       EBL 2,080 ( 1,928 ) ( -13 )       EBLCP 985 ( 120 ) ( -20 )       EIC 953 ( 60,246 ) ( -38 )       EKBL 278 ( 617 ) ( 2 )       GBBL 314 ( 74 ) ( -6 )       GBIME 442 ( 4,949 ) ( 7 )       GBIMEP 250 ( 38,512 ) ( 0 )       GDBL 318 ( 42 ) ( 0 )       GFCL 225 ( 550 ) ( -4 )       GLICL 525 ( 286 ) ( 3 )       HAMA 151 ( 240 ) ( -6 )       HBDL 111 ( 770 ) ( -3 )       HBL 852 ( 327 ) ( -5 )       ICFC 270 ( 1,962 ) ( -6 )       ICFCPO 135 ( 70,271 ) ( 6 )       IDBL 179 ( 4,594 ) ( -1 )       JBBL 187 ( 1,765 ) ( -1 )       JBNL 270 ( 2,553 ) ( 0 )       JEFL 150 ( 500 ) ( 1 )       KAFIL 235 ( 500 ) ( -2 )       KBL 376 ( 8,052 ) ( 1 )       KCDBL 235 ( 220 ) ( -4 )       KDBL 160 ( 2,458 ) ( 2 )       KEBL 593 ( 120 ) ( 22 )       KFL 160 ( 785 ) ( 0 )       KKBL 390 ( 599 ) ( -7 )       KMBL 346 ( 6,695 ) ( -10 )       KMCDB 1,080 ( 170 ) ( 20 )       KRBL 265 ( 120 ) ( -2 )       LBL 530 ( 3,148 ) ( -14 )       LFLC 216 ( 824 ) ( -2 )       LGIL 375 ( 241 ) ( 1 )       LICN 2,480 ( 136 ) ( -2 )       LLBS 860 ( 2,077 ) ( -10 )       LUBL 349 ( 2,235 ) ( -4 )       MBBL 217 ( 3,378 ) ( 0 )       MBL 550 ( 8,247 ) ( -3 )       MDB 490 ( 28 ) ( -9 )       MDBL 220 ( 3,440 ) ( -5 )       METRO 338 ( 156 ) ( -5 )       MFIL 188 ( 358 ) ( -3 )       MLBBL 965 ( 24 ) ( 19 )       MTBL 385 ( 100 ) ( 5 )       NABIL 1,887 ( 1,816 ) ( -17 )       NABILP 1,315 ( 1,850 ) ( -10 )       NBB 495 ( 12,717 ) ( 0 )       NBBL 1,893 ( 270 ) ( -37 )       NBF1 14 ( 9,725 ) ( -0.040000000000001 )       NBL 310 ( 8,445 ) ( -4 )       NCCB 579 ( 3,126 ) ( 18 )       NGBL 270 ( 20 ) ( -10 )       NHPC 127 ( 8,400 ) ( 0 )       NIB 702 ( 1,304 ) ( 2 )       NIBPO 487 ( 5,400 ) ( -6 )       NIBSF1 10 ( 18,500 ) ( 0 )       NICA 647 ( 2,082 ) ( -5 )       NLBBL 1,225 ( 142 ) ( -50 )       NLG 630 ( 87 ) ( 11 )       NLIC 4,550 ( 9,099 ) ( 6 )       NLICL 2,280 ( 1,305 ) ( 20 )       NLICP 2,374 ( 7,500 ) ( 92 )       NMBSF1 10 ( 15,000 ) ( -0.050000000000001 )       NNLB 1,020 ( 20 ) ( 19 )       NTC 637 ( 5,700 ) ( -48 )       NUBL 1,270 ( 369 ) ( 20 )       OFL 345 ( 30 ) ( -7 )       OHL 702 ( 1,070 ) ( -1 )       PCBL 426 ( 31,606 ) ( 3 )       PLIC 1,090 ( 162 ) ( -17 )       PRVU 330 ( 43,881 ) ( 2 )       PURBL 390 ( 675 ) ( -17 )       REDBL 225 ( 658 ) ( -7 )       RHPC 486 ( 556 ) ( -2 )       RMDC 701 ( 2,392 ) ( -3 )       SADBL 408 ( 5,167 ) ( -2 )       SANIMA 550 ( 8,132 ) ( 0 )       SBBLJ 393 ( 34 ) ( -7 )       SBI 911 ( 110 ) ( 3 )       SBL 653 ( 165 ) ( -7 )       SCB 1,930 ( 869 ) ( 10 )       SDBL 223 ( 5,897 ) ( -6 )       SETI 205 ( 33 ) ( -3 )       SFL 150 ( 311 ) ( 0 )       SHBL 1,391 ( 2,642 ) ( -15 )       SHINE 341 ( 810 ) ( 2 )       SHL 441 ( 2,065 ) ( -10 )       SHPC 733 ( 403 ) ( 0 )       SIC 1,039 ( 60 ) ( -20 )       SICL 707 ( 981 ) ( -15 )       SIL 712 ( 500 ) ( -7 )       SKBBL 1,498 ( 1,750 ) ( -14 )       SLBBL 2,800 ( 64 ) ( 39 )       SLICL 605 ( 1,657 ) ( 0 )       SMFDB 1,520 ( 671 ) ( 25 )       SRBL 382 ( 2,154 ) ( -1 )       SUBBL 295 ( 137 ) ( -10 )       SUPRME 160 ( 2,902 ) ( 3 )       SWBBL 1,610 ( 29 ) ( -19 )       TDBL 216 ( 1,029 ) ( 1 )       TRH 266 ( 1,540 ) ( 0 )       UIC 960 ( 7,983 ) ( -25 )       VBBL 156 ( 13,465 ) ( -2 )       YETI 136 ( 1,469 ) ( -1 )   
Headlines
Irregularities in mess of police, APF
Govt vehicles lack third-party insurance
Price of sugarcane set at Rs 461
Falling remittance growth rate
Country suffers due to illegal transactions

Encouragement for small/medium projects

Energy crisis has lost its novelty now and has become a part of our life. Having to collect drinking water after waiting for hours, cross rivers riskily on a tube or by hanging on a tuin (rope bridge) to go to school or other works and other hardships have become part of Nepali lifestyle even as other countries have taken a huge leap in development. The government data claims that electricity has already reached to 60 percent of the population, and looking at the poles and wires strung for distribution of electricity may justify that claim. But the reality is opposite with 60 percent of the population deprived of electricity. The difficult geographical terrain and scattered settlements make taking electricity to every settlement virtually impossible. The government data claims that just 23 percent of the people are below the poverty line but the recently updated data of the United Nations Conference on Trade and Development (UNCTAD) shows that 39 percent of Nepalis are below the poverty line as per international standards. Being below the poverty line means inability to spend for basic minimum living standard. The fact that one needs citizenship certificate and land ownership certificate to get connected to the government distribution system means a large number of land-less population does not get electricity connection. This has raised questions about credibility of the government data on access to electricity.

Access to electricity does not merely mean getting connection and holding a bulb, but multi-dimensional use of electricity. Many consumers still are forced to use electricity only for light. A huge amount is going abroad in import of liquefied petroleum gas (LPG) even though using electricity for cooking is a cheaper option due to lack of regular supply and interest of the consumers to substitute LPG with electricity. Similarly, electricity can be used to power trains, metro, monorail, trolleys and other means of transportation but the possibility has been limited merely to science books in Nepal. Such pathetic is the state of Nepal Electricity Authority (NEA)—responsible for generation, transmission and distribution of electricity—that it has not been able to even provide sufficient electricity for lighting purpose far from powering industries. The country has to face power cuts for over 12 hours a day during the dry season due to the huge disparity between demand and generation of electricity. The NEA issues load-shedding schedule to inform the consumers, but it cuts supply even when there should not be power cuts from time to time leading to damage of electrical/electronic appliances. Service-providers like the NEA and the Nepal Telecom (NT) do not even fulfill the formality of apologizing for obstruction of services without prior information due to lack of a legal provision in Nepal to sue for losses incurred due to substandard and irregular service, and get compensation.

The measures to address energy crisis include construction of enough hydropower projects, maximizing use of solar energy at public places and government offices, and connecting additional electricity generated by big corporate houses, shopping malls and industries to the national transmission line. Construction of big hydropower projects need big investment and is not possible through efforts of Nepali investors alone. We should, therefore, also try to construct small and medium projects, and many Nepali investors have invested on construction of such small and medium projects in recent years. But these projects have been facing uncertainty in lack of timely power purchase agreement (PPA).

The government is preparing a policy to sign PPA at a single flat rate for projects with installed capacity of up to 100 MW after the government made some policy arrangements in the budget for the current fiscal year to promote construction of small and medium projects. Flexibility should be maintained to ensure that the PPA rate can be reviewed on the basis of the prevailing cost of constructing projects and rate of inflation while determining the rate in such a manner. It is also necessary to hold adequate discussions with the investors concerned before bringing such policies of long-term significance. 

Comments

Epaper

epaper

Market’s Data

Index Current Points Change % of +-
NEPSE 94240 -8.89 -0.009%
Sensitive 20019 -2.24 -0.011%
Float 6643 -0.29 -0.004%
Sen. Float 5513 -0.26 -0.005%
Banking 82201 -1.3 -0.002%
Hotels 192764 -32.29 -0.017%
Dev.Bank 79710 -2.49 -0.003%
HydroPower 216804 -10.35 -0.005%
Finance 53544 -1.12 -0.002%
Insurance 405407 -0.3 -0%
Others 70608 -56.38 -0.08%
Total Traded Amount Rs: 276152854
Total Traded Shares: 535738
Total Transactions: 1331
Currency Unit Purchase Sale
Indian Rupee
100
160
160.15
US Dollar
1
99.98
100.58
AUS Dollar
1
78.67
79.15
EURO
1
109.95
110.61
Pound Sterling
1
149.34
150.24
Japani Yen
10
8.42
8.47
Chinese Yuyan
1
16.10
16.19
Singapore Dollar
1
73.23
73.67
Hongkong Dollar 1 12.89 -
HALLMARK GOLD 51800/per tola
TEJABI GOLD 51550/per tola
SILVER 725/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

Falling remittance growth rate

There was an interesting impact of the worsening Maoist conflict on the Nepali society. It created awareness against social discrimination and other inequalities on the one hand while individuals active in economic activities were displaced due to fear. Opinion
japanremit

Archives

app
karobardaily
dhulikhel