Kathmandu: Consumer price inflation saw a significant decline, standing at 3.57% in mid-July 2024, down from 7.44% a year earlier. The annual average inflation for FY 2023/24 was recorded at 5.44%, a decrease from 7.74% the previous year. In the food and beverage category, notable increases were observed in spices (26.40%), pulses and legumes (9.96%),… Continue reading Consumer price inflation drops to 3.57% Y-o-Year in Mid-July 2024
Month: August 2024
Gold prices hit record high in domestic market
Kathmandu: On Sunday, gold prices reached an all-time high in the domestic market. The Federation of Nepal Gold and Silver Dealers’ Associations reported that the price of fine gold has surged to NPR 152,600 per tola, marking a significant increase of NPR 3,000. This new figure sets a record for gold prices in Nepal. Previously,… Continue reading Gold prices hit record high in domestic market
NRN Nepal Development Fund set to launch this month
Kathmandu: The NRN Nepal Development Fund, amounting to NPR 10 billion, will be implemented starting this month. The agreement was reached during a discussion at the Finance Ministry involving Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel, Non-Resident Nepali Association (NRNA) President Dr. Badri KC, and Founder President Dr. Upendra Mahato, among others. The… Continue reading NRN Nepal Development Fund set to launch this month
National volleyball players to receive cash rewards following CAVA Nations League success
Kathmandu: The Nepalese government has announced substantial cash rewards for the Nepali women’s volleyball team in recognition of their impressive performance in the CAVA Women’s Volleyball Nations League. The team, which secured the runner-up position, will each receive Rs 300,000 as a reward. The decision, made during a Cabinet meeting on Thursday, recognizes the achievements… Continue reading National volleyball players to receive cash rewards following CAVA Nations League success
Avalanche triggers catastrophic flood and landslide in Solukhumbu district
Kathmandu: A devastating flood and landslide, triggered by a massive avalanche, struck Thame village in the Solukhumbu district on Friday, causing extensive damage. According to police the disaster has resulted in the destruction of at least twelve houses and a school building. Twelve houses, one clinic, and one basic school have been swept away. Additionally,… Continue reading Avalanche triggers catastrophic flood and landslide in Solukhumbu district
Govt begins preparations for 10th National Sports Competition
Kathmandu: Discussions on the operational guidelines for the 10th National Sports Competition have advanced significantly. Today, Youth and Sports Minister Tejulal Chaudhary and Tanka Lal Ghising, Secretary of the National Sports Council (NSC), convened at the Sports Ministry to review and finalize the procedures for the upcoming event. The 10th National Sports Competition will take… Continue reading Govt begins preparations for 10th National Sports Competition
Monsoon disasters claim 211 lives in Nepal so far
Kathmandu: A total of 211 people died from monsoon-triggered disasters and other incidents in the past months in the country while 48 have gone missing. According to the National Disaster Risk Reduction and Management Authority (NDRRMA), the deaths from the monsoon-induced disasters were 170 while the remaining fatalities were due to fire, snakebites, high altitude… Continue reading Monsoon disasters claim 211 lives in Nepal so far
Nepal govt intensifies rescue operations for Nepalis held hostage in India
Kathmandu: The Nepali government has ramped up efforts to rescue and repatriate Nepalis who were held hostage in India under false pretenses. The Ministry of Women, Children, and Senior Citizens has taken decisive action to assist these individuals, who were lured to Kashmir with promises of lucrative wages for road construction work but were subsequently… Continue reading Nepal govt intensifies rescue operations for Nepalis held hostage in India
Supreme court postpones hearing on Kulman Ghising’s NEA appointment case
Kathmandu: The long-awaited Supreme Court hearing regarding the case filed by Hitendradev Shakya against Kulman Ghising’s appointment as the Managing Director of the Nepal Electricity Authority (NEA) has been postponed once again. Shakya’s petition, which seeks the cancellation of Ghising’s appointment, was scheduled for a hearing on Wednesday. However, the hearing has been delayed yet… Continue reading Supreme court postpones hearing on Kulman Ghising’s NEA appointment case
Nepali Parliament passes transitional justice bill
Kathmandu: The House of Representatives has passed the bill concerning transitional justice, known as the “Enforced Disappearances Enquiry, Truth, and Reconciliation Commission (Third Amendment) Act.” The bill, presented by Law, Justice, and Parliamentary Affairs Minister Ajay Kumar Chaurasiya, amends the existing 2071 Act. The legislation will now move to the National Assembly for consideration. If… Continue reading Nepali Parliament passes transitional justice bill