Kathmandu: In a devastating incident along the Narayanghat-Mugling road in Chitwan, Nepal, the bodies of 19 passengers from two buses that were swept away by a landslide into the Trishuli River have been recovered so far. The incident occurred last Friday morning, shaking the Bharatpur Metropolitan City-29 community. The tragedy involved two buses: Angel Deluxe,… Continue reading Victims identified: 14 bodies identified out of 19 deceased on Narayanghat-Mugling bus tragedy
Category: Featured News
Nepal, Bangladesh, and India prepare for landmark electricity trade agreement
Kathmandu: Nepal is on the brink of a major stride in its energy sector as preparations intensify for a pivotal electricity trade agreement. Scheduled for July 28, energy ministers from Bangladesh and India are set to visit Nepal to finalize the terms of this groundbreaking deal. The agreement, initially inked between Nepal and Bangladesh, aims… Continue reading Nepal, Bangladesh, and India prepare for landmark electricity trade agreement
NEPSE hits 35-month high with record daily turnover
Kathmandu: On Wednesday, Nepal Stock Exchange (NEPSE) witnessed a remarkable surge, achieving a daily turnover of Rs 12.05 billion, marking its highest figure in the past 35 months. The bullish trend follows recent political developments where Nepali Congress and CPN-UML formed a coalition to replace the former government. This alliance has bolstered investor confidence, particularly… Continue reading NEPSE hits 35-month high with record daily turnover
PM Oli to seek vote of confidence amid constitutional deadline
Kathmandu: Prime Minister KP Sharma Oli has announced plans to seek a vote of confidence in the House of Representatives on Sunday, according to Mahesh Bertaula, Chief Whip of the CPN-UML party. PM Oli, appointed under Article 76 (2) of Nepal’s Constitution, has a mandated period of one month to secure a vote of confidence,… Continue reading PM Oli to seek vote of confidence amid constitutional deadline
Nepali students in Bangladesh urged to stay indoors amid protests
Kathmandu: The Embassy of Nepal in Dhaka, Bangladesh, has issued a notice urging Nepali students residing there to refrain from leaving their residences and hostels unless necessary. This advisory comes amidst ongoing protests by students in Bangladesh against the government’s reservation system in public sector jobs, resulting in tragic fatalities with six students reported killed… Continue reading Nepali students in Bangladesh urged to stay indoors amid protests
Gold prices surge to record highs, silver also rises
Kathmandu: Today, the price of gold has soared to a historic peak of Rs 149,800 per tola, marking a significant increase of Rs 2,000 compared to Tuesday’s rate of Rs 147,800 per tola. Simultaneously, the standard gold price has risen to Rs 149,100 per tola from Rs 147,100 per tola yesterday. In tandem, silver prices… Continue reading Gold prices surge to record highs, silver also rises
NAC repays loans amid economic challenges
Kathmandu: Nepal Airlines Corporation (NAC) has begun repayment of loans obtained from the Employees Provident Fund (EPF) and the Citizen Investment Trust (CIT) for the acquisition of aircraft. As of mid-July 2024, NAC has successfully returned over Rs 430 million towards its loan obligations for two narrow-body and two wide-body aircraft utilized for international operations.… Continue reading NAC repays loans amid economic challenges
China’s auto industry opposes U.S. inflation reduction act
Kathmandu: The China Chamber of Commerce for Import and Export of Machinery and Electronic Products, on behalf of China’s automobile industry, on Tuesday expressed serious dissatisfaction with and firm opposition to the relevant measures under the U.S. Inflation Reduction Act (IRA). The chamber said it firmly upholds the legitimate rights and interests of the development… Continue reading China’s auto industry opposes U.S. inflation reduction act
Tragic bus accident in Nepal: 15 bodies recovered, dozens missing after buses swept away in Trishuli River
Kathmandu: On Friday morning, two buses, Angel Deluxe heading from Birgunj to Kathmandu and Ganpati Deluxe heading from Kathmandu to Gaur, were swept away in the Trishuli River near Simle, Chitwan. Among the 65 passengers on board, three have been rescued safely, while 62 are reported missing. So far, 15 bodies have been recovered from… Continue reading Tragic bus accident in Nepal: 15 bodies recovered, dozens missing after buses swept away in Trishuli River
PM Oli takes oath of office and secrecy
Kathmandu: KP Sharma Oli sworn in as Nepal’s Prime Minister at Sheetal Niwas on Monday, with President Ram Chandra Paudel administering the oath of office and secrecy. President Paudel appointed Oli to the position on Sunday, citing Article 76 (2) of the Constitution. Oli assumes office following his alliance with the NC and the withdrawal… Continue reading PM Oli takes oath of office and secrecy