Kathmandu-Nepal Rastra Bank (NRB) is set to withdraw an additional Rs. 20 billion from the banking system today, Chaitra 10, as part of its ongoing efforts to manage excess liquidity. This measure comes as banks and financial institutions struggle with surplus funds due to declining credit demand. Central Bank’s Move to Curb Excess Liquidity The central bank has been consistently utilizing deposit collection tools to absorb surplus liquidity from the market. According to NRB, the bidding process for this withdrawal will take place at 3 PM today. Financial institutions wishing to participate can submit bids within the prescribed limits. Bidding…
Author: nadmin
Bagmati Province delivered a commanding performance to defeat Koshi Province by 131 runs in the Prime Minister’s Cup National Men’s One-Day Cricket Tournament. The match took place on Saturday at Deukhuri Cricket Ground in Lamahi, Dang. Bagmati’s Bowling Masterclass Restricts Koshi to 109 Runs Chasing a target of 241, Koshi Province struggled against Bagmati’s disciplined bowling attack and was bowled out for just 109 runs in 25.3 overs. Ais Bhattarai was the top scorer for Koshi with 37 runs, while Sujan Thapaliya contributed 25 and Firdosh Ansari added 24. However, the remaining batters failed to reach double figures, leading to…
Nepal made history on March 21 by securing their first-ever victory over Singapore in an international football friendly. The 175th-ranked Nepali team stunned 160th-ranked Singapore with a 1-0 win at the National Stadium, leaving the home crowd of 5,078 in disappointment. This defeat marks Singapore’s first loss to Nepal in four encounters and raises concerns about their performance ahead of the Asian Cup qualifiers. Lackluster Performance Frustrates Singapore Coach Singapore’s head coach, Tsutomu Ogura, did not hold back in his post-match press conference, expressing deep disappointment in his team’s performance. “If we play like this, we cannot win against any…
Nepal is currently experiencing a partial influence of local and westerly winds, affecting weather conditions across various regions. According to the Weather Forecasting Division, the impact is primarily observed in the hilly and mountainous areas, bringing variations in cloud cover and precipitation. Partly Cloudy Skies in Hilly Regions As of Thursday morning, the hilly regions of Nepal remain partly cloudy, while most other areas of the country experience clear skies. The weather conditions are being closely monitored by the Weather Forecasting Division, which has issued updates on potential rainfall and snowfall in specific regions. Possibility of Rain and Thunderstorms The…
As the world’s tallest peak continues to attract adventurers from across the globe, concerns over overtourism and climate change are mounting in Nepal. Officials warn that an increasing number of climbers, environmental degradation, and safety risks are pushing Mount Everest to its limits. A Deadly Climbing Season Raises Alarms In 2023, Everest recorded its deadliest season yet, with 18 fatalities due to exhaustion, sickness, and accidents. While foreign climbers made up a portion of the casualties, Nepalese authorities are deeply concerned that many of the deceased were local guides and support staff assisting these expeditions. The climbing industry has long…
Nepal has taken a big step in trade logistics as tank containers carrying crude oil arrived at Birgunj Dry Port for the first time. This change will lower costs and make imports more efficient. A shipment of 90 tank containers with 20,000 tonnes of crude soybean oil entered Nepal via Birgunj Dry Port on Sunday. The Nepal Intermodal Transport Development Board (NITDB) announced this on Tuesday. The shipment, bought by Shivashakti Pvt. Ltd., a cooking oil company in Jitpur, Bara, was transported from Argentina via Haldia Port, India. Lower Costs and Better Transport Using rail for oil transport will cut…
How biofuels are changing Transportation Key insights by Stanislav Kondrashov, TELF AG founder As the global push toward decarbonization accelerates, the focus on alternative fuels is expanding beyond the electrification of transport and renewable energy infrastructures, as recently pointed out by the founder of TELF AG Stanislav Kondrashov. Among the most promising innovations emerging in this context are biofuels — fuels derived from biological materials such as plants, algae, and organic waste. These renewable-origin fuels have the potential to significantly reduce greenhouse gas emissions, as the founder of TELF AG Stanislav Kondrashov also explained. While electric vehicles and battery technologies…
Dolly Parton made her first public appearance since the death of her husband, Carl Dean, on March 3. The country music icon took part in the 40th-anniversary preview event of her Dollywood theme park in Pigeon Forge, Tennessee, where she paid a heartfelt tribute to her late husband. Parton, 77, had kept her relationship with Carl Dean mostly private throughout their 57-year marriage. However, during the ceremony, she opened up to attendees about her loss and the enduring love she has for Dean. Paying Tribute at Dollywood “You know how I loved him, and he would want me to be…
Nepal’s women’s cricket team is set to chase a target of 105 runs against Hong Kong in the ongoing Women’s T20 International Cricket Tournament in Uganda. This match holds significant importance for Hong Kong as they aim for a spot in the final, while Nepal’s chances of advancing have already faded. Hong Kong Sets a Competitive Target Winning the toss, Hong Kong opted to bat first and posted a total of 104 runs for the loss of eight wickets in the allotted 20 overs. Nepal’s bowlers displayed commendable efforts, restricting Hong Kong from setting a larger target. However, Nepal’s inconsistent…
The Kathmandu District Administration Office (DAO) has urged the public to celebrate Holi in a respectful and orderly manner. Highlighting the festival’s deep cultural and historical significance in fostering unity and brotherhood, officials emphasized the need to maintain public peace and social harmony. In a notice issued on Tuesday, the DAO extended its best wishes for Phagu Purnima (Holi) while cautioning against unruly behavior that could disrupt public order. The notice referenced the Social Behavior (Reform) Act and Regulations, 2033 BS, which regulate religious, social, and cultural celebrations. “We request everyone to celebrate responsibly and refrain from activities that could…