Home Nepal stock Today’s national news in brief « Khabarhub

Today’s national news in brief « Khabarhub


KATHMANDU: Khabarhub brings you an insight into the main developments of the day in Nepal, including politics, business/economy, sports, entertainment and more.

NC decides to form electoral alliances based on local circumstances and needs

The Nepali Congress (NC) took the formal decision to form electoral alliances based on local situations and needs.

A meeting of the Central Working Committee (CWC) held on Tuesday decided to that effect.

CN has officially decided to coordinate with coalition partners CPN-Maoist Center, CPN-Unified Socialist, Janata Samajbadi Party (JSP) and Rastriya Janamorcha at the local level for the upcoming May 13 elections.

Agenda and visit of Prime Minister Deuba’s delegation to India still undecided

The agenda for Prime Minister Sher Bahadur Deuba’s next visit to India has yet to be decided.

At a press conference held at the Foreign Ministry on Tuesday, the ministry’s spokesperson, Sewa Lamsal, said preparations for Prime Minister Deuba’s visit to India were underway. “However, the agenda and the members of the delegation were not yet finalized.”

Prime Minister Sher Bahadur Deuba leaves for a three-day visit to India on April 1. He is due to meet with his Indian counterpart Narendra Modi on April 2. On the same day, Prime Minister Deuba is due to pay a courtesy visit to the Vice President of India.

FCAN asks for construction holidays as the price of building materials doubles

The Federation of Contractors Associations of Nepal (FCAN) has called on the government to declare a construction holiday, saying construction materials have become too expensive.

Speaking at a press conference held in Kathmandu on Tuesday to announce the decision of the federation’s recent national gathering, FCAN President Ravi Singh said construction holidays should be declared as investment also increased due to the high cost of building materials.

He urged minimizing the impact of rising construction material prices if construction vacancies could not be declared. He said construction work could not be carried out under the current situation.

The government approves several proposals put forward by China

The government has decided to approve the subsidy and technical assistance related to the feasibility study of the cross-border railway to be received under the economic and technical cooperation agreement proposed by China.

Government Spokesperson and Minister of Communication and Information Technology, Gyanendra Bahadur Karki, informed in this regard during a press conference held on Tuesday while making public the decisions of the Council of Ministers held on 28 March.

Minister Karki said that the Cabinet meeting had decided to extend the duration of the Implementation Agreement regarding the Nepal Petroleum and Natural Gas Resources Survey for two years. It decided to approve the Letter of Intent on Customs and Quota Free Settlement between Nepal and China as well as the agreement regarding the feasibility of grid connection between the two countries.

NEPSE descends in a spiral; the market continues to fall

The bearish trend in the stock market also continued on Tuesday.

The market fell 14.26 points today. At the same time, the Nepse index closed at 2,527.58 points.

The amount of the transaction also decreased to Rs 1.75 billion.

Shrestha named SC Justice

President Bidya Devi Bhandari, on the recommendation of the Judicial Council, on Tuesday appointed Til Prasad Shrestha as a Supreme Court judge.

Prior to this, Shrestha served the Biratnagar High Court as Chief Justice.

Earlier, the Parliamentary Hearing Committee (PHC) approved Shrestha’s nomination after conducting a hearing.

NOC proposes granting a public holiday on Sunday to reduce fuel consumption

The Nepal Oil Corporation has proposed to grant public holidays on Saturday and Sunday and also to reintroduce the even-odd rule in public and private vehicles to reduce fuel consumption in the country.

Sending a 10-point proposal to the Ministry of Industry, Trade and Supply on Tuesday, the company suggested adding a public holiday on Sunday as well.

Foreign Minister Dr Khadka meets his Indian counterpart Jaishankar in Colombo

Foreign Minister Dr Narayan Khadka met Indian External Affairs Minister S Jaishankar on on the sidelines of the 18th BIMSTEC Ministerial Meeting in Colombo, Sri Lanka.

During the brief side meeting, issues such as cooperation in the fields of connectivity, energy, fertilizers, health and electricity, including preparations for the planned visit in April of the Prime Minister Sher Bahadur Deuba in India, were discussed.

The two leaders also agreed to monitor the progress and push the Ramayan circuit forward.

Two injured in the explosion of an IED in Itahari

Two people were injured in a bomb blast at Itahari Sub Metropolitan City-2 in Sunsari.

According to Sunsari District Police Bureau, an improvised explosive device (IED) was detonated at a Janajagriti tole based house in Itahari Sub Metropolitan City-2 at 10:45 p.m. Monday. The IED kept in a bag had exploded, according to the police.

Meanwhile, police have recovered a leaflet from Himal Suraksha Parishad, which is organizing an armed struggle calling for the abandonment of federalism.