With the onset of the autumn season, preparations for the Dashain festival, the biggest festival of Nepal begin in the country. This year’s celebrations therefore come with traditional fanaticism and modern day complications as the society and economy changes. Dashain, a festival that goes on for 15 days in celebration of the Hindu goddess Durga, is also one of the important occasions to gather together and enjoy delicious meals and rejoice by performing some of the cultural activities. But unlike the past years, this celebration brings apprehensions on structures and the economy. Out of all the manifestations of Dashain’s early…
Author: nadmin
Needessary and proper diplomatic tour to New York has begun today by the Nepalese Prime Minister KP Sharma Oli to lead and represent the delegation in the 79th session of the United Nations General Assembly. Annually, thisKelowna important forum opens an opportunity for Nepal to raise its concerns and participate in the debates of major international significance. As Prime Minister left Tribhuvan International Airport, he has encouraged the Nepali involvement in setting doctrine for the future and to seek support for Nepals development domain. So, the UN General Assembly gives a prospect to Nepal to emerge their concerns being a…
Today, the government has unveiled a set of ambitious programs in an attempt to improve the infrastructure of Nepal and, therefore, encourage the boost of the country’s economy in transportation and energy sectors. The announcement has been made by the Ministry of Physical Infrastructure and Transport for new construction of highways, railways, and hydropower projects that are promising to change Nepal’s geographical map and economy. Out of these projects, the most ambitious and still under construction project is the East-West Electric Railway which envisages establishment of an electric railway from east to west of this Nepalese kingdom. This project which…
Today the city of Kathmandu Valley was filled with the joys of the first day of one of the largest most colourful festivals in Nepal, Indra Jatra. This festival which starts from the eighth month of the Nepali calendar and last for eight days is celebrated after the ending of monsoon in honor of Indra, the Hindu god of rain started with the installation of a wooden pillar called Yosin or Indradhoj Linga in Hanumandhoka in Basantapur Durbar Square. Being a typical Newar cultural festival thousand of devotees and the observer had assembled at the core of Kathmandu to witness…
In this regard the Nepali nation is keenly debating about its place in the in international arena as well as its internal issues, as it prepares itself for the Prime Minister KP Sharma Oli’s speech at 79th United Nations General Assembly held in New York. This year’s General Assembly is scheduled to be from September 10-28, 2024, and it has special significance for Nepal as it is also going to host the Leaders’ Summit of the Future scheduled on September 22-23 where leaders from across the globe will debate on matters that determine the future of the world. Prime Minister…
Lovers of jewelry in Nepal are facing a test as prices of gold have hit record high on September 15, 2024. FENEGOSIDA said that fine gold has been trading at Rs. 1,56,800 per tola and this was up from the previous trading rate of 1,56,300 per tola. It has led to talks about the causes behind this impressive rise and its effects on the nation’s economy and consumers as well as the investors. This is not the only effect which has been observed and seems to be part of a movement which has been witnessed over the past few weeks.…
The Nepalese market of digital payments is rapidly expanding: the transaction traffic has increased by more than 200% within the past year. This emerging Fintech revolution is gradually changing the way people of Nepal, especially the common populace, perform their financial transactions whether in the cities or the villages. According to the Nepal Rastra Bank (NRB) mobile banking has more than 15 million users that are nearly 50 % of the population. QR code payments are now prevalent with even the small shops on the streets and local vendors adopting the technology. These include the following reasons; The outbreak of…
People of Kathmandu Valley are in a very critical situation of water scarcity as the Melamchi Water Supply Project is still in problem. The project which has been planned to provide 170 million litres of water daily from Melamchi River in Sindhupalchowk district to the valley has been under construction for more than two decades. The previous delay was due to the adverse effects of floods and landslages that occurred in 2021 that affected the infrastructure of the project. In spite of the government’s promises, the repair work has been very slow and millions of the valley residents continue to…
NEPSE index increased by 78. 17 points today, which will bring the end of the week in the plus and provide further stimulus to the spirits of investors. The benchmark index ended the day at 2,187. 45 points, its highest level in more than six months due to traders’ optimism in positive economic data and government policies. The trading activity was also good with more than 15 million shares traded with a value of over 6 billion Nepali rupees. Banking stocks were on recovery trail as most of the major banks touched their upper circuits. Experts have pointed out the…
The secretariat of one of Nepal’s main opposition parties, the Communist Party of Nepal (Unified Marxist-Leninist), or UML, held an emergency meeting today due to deepening factional divisions within the party. The meeting held behind the doors at the party’s central office in Kathmandu continued for over six hours as the leaders struggled over factional problems and policies. Party Chairman KP Sharma Oli began the meeting by appealing to the members for unity and discipline stressing that no one should be eyeing their personal positions at the expense of the party’s best interest. However, insiders attending the meeting witnessed furious…