Author: Onu Akter

Lalitpur Municipal Corporation (LMC) has proposed a budget of Rs 7.47 billion for the fiscal year 2025/26. Deputy Mayor Manjali Shakya Bajracharya presented the income and spending plan in the municipal assembly on Tuesday. Out of the total budget, Rs 2.96 billion is set aside for current expenses. The remaining Rs 4.50 billion is allocated for capital expenditure, which includes long-term projects and infrastructure. The LMC aims to collect Rs 3.71 billion from local revenue sources. The budget focuses on key priorities such as good governance, protecting heritage and culture, building sustainable infrastructure, and promoting greenery and environmental care. Other…

The UML Secretariat meeting of the Communist Party of Nepal–Unified Marxist Leninist (CPN-UML) is scheduled for today. The gathering will begin at 1:00 PM at the party’s headquarters in Chyasal, Lalitpur. Prime Minister and party chairman KP Sharma Oli will lead the meeting. The party’s central office secretary, Dr. Bhisma Adhikari, confirmed that the agenda will include preparation plans for the upcoming statute convention. The meeting will also focus on the party’s organizational work and address current political issues. The CPN-UML has planned its statute convention from September 5 to 7 (Bhadra 20 to 22) at the Sunrise Conference Center…

Nepal has selected new partners for its biometric passport program. German companies Veridos and Mühlbauer secured the contract, beating longtime provider Idemia Public Security. The deal has sparked debate and led to a formal protest from the French firm. Nepal had worked with Idemia for 15 years. Many expected the French company to win again, especially with alleged tender conditions favoring the incumbent. However, the new bidding process surprised observers. According to Nepal’s procurement law, the contract goes to the lowest bidder. Five companies joined the competition. In the final decision, Veridos and Mühlbauer offered more cost-effective solutions. The passport…

India has been named the likely winner of the first Test against England at Headingley by former England fast bowler Stuart Broad. As the match heads into its fifth and final day, the game is evenly balanced, but Broad thinks India hold the edge. England faces a tough task as they try to chase a target of 371 runs. On the other hand, India needs only 10 wickets to seal a win. With a turning and cracking pitch likely to cause problems for batters, Broad said India should be seen as the favourites. “Getting through that new ball period is…

Nepal Rastra Bank released the official foreign exchange rates for Tuesday. The central bank updates these rates daily based on global market trends and local currency movements. The exchange rate for the US Dollar has slightly dropped. The buying rate is NPR 138.51, and the selling rate is NPR 139.11. These rates show a small decrease compared to the previous day. The Euro is trading at NPR 158.79 for buying and NPR 159.48 for selling. The UK Pound Sterling is set at NPR 185.29 for buying and NPR 186.09 for selling. The Swiss Franc stands at NPR 169.19 for buying…

Nepal’s House of Representatives (HoR) is set to hold a key meeting today to approve the Appropriation Bill 2082. The session will begin at 11:00 am and is expected to move forward with important financial decisions for the country. Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel will present the proposal for the bill’s approval during the meeting. This bill is vital as it outlines the government’s spending plan for the upcoming fiscal year. Its passage is required for the implementation of the national budget. In addition to the Appropriation Bill 2082, the session will also include the presentation…

The travel insurance market is seeing rapid growth in 2025, driven by rising global tensions, unpredictable weather, and increasing travel disruptions. Travelers and companies alike are rethinking how they plan and protect their journeys. With more delays, cancellations, and route changes, insurance policies are no longer a luxury—they are becoming essential. In early 2025, one U.S.-based broker, InsureMyTrip, reported a 32% increase in worldwide travel insurance quote requests compared to the same months in 2024. In Europe, Allianz Partners noted a smaller but steady 3% rise in travel insurance subscriptions for the 2025 summer season. The trend shows that both…

Indian fast bowler Prasidh Krishna had a mixed outing during the first Test at Leeds, where he took three important wickets but also registered an unwanted record. His spell of 3 for 128 runs in 20 overs gave him the worst economy rate ever by an Indian bowler who has bowled at least 20 overs in a Test match. Krishna dismissed Ollie Pope, Harry Brook, and Jamie Smith, all key players in England’s strong batting line-up. However, the England batters attacked him throughout his spell. He ended with an economy rate of 6.40, surpassing the previous record held by Varun…

Nepal Rastra Bank published the official foreign exchange rates for Monday, reflecting slight shifts in several major currencies. These rates guide banks and money changers across the country and are used for international trade, travel, and remittance transactions. The US Dollar saw a small drop today. The buying rate is now NPR 138.24, while the selling rate stands at NPR 138.84. The Euro is set at NPR 159.29 for buying and NPR 159.98 for selling. The Pound Sterling follows closely with a buying rate of NPR 185.93 and a selling rate of NPR 186.74. Switzerland’s currency, the Swiss Franc, has…

Both chambers of Nepal’s Federal Parliament are meeting today to address key legislative matters. Discussions will focus on responses from several ministers and the presentation of important reports and proposals. The House of Representatives (HoR) session is scheduled to begin at 11:00 am at the Federal Parliament Building in New Baneshwor. The agenda includes ministers replying to questions raised during debates on the Appropriation Bill, 2082. These discussions cover several ministries. They include Forest and Environment, Federal Affairs and General Administration, Energy, Water Resources and Irrigation, Defense, Agriculture and Livestock Development, Health and Population, Law, Justice and Parliamentary Affairs, and…