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Jeremy Bowen: Iran-US Ceasefire Offers Temporary Relief for Civilians but Is Unlikely to Last Long

Ruins of a building damaged in an airstrike in Tehran

Image source: Getty Images

On the same day, Donald Trump declared he would “destroy Iranian civilization today,” yet hours later Tehran’s ten-point plan was described as “useful” for upcoming talks in Pakistan.

First, the ceasefire provides temporary relief for civilians across the Middle East who have been caught in conflict since February 28, when the US and Israel initiated military action against Iran.

However, this does not extend to the people of Lebanon. Israel has excluded Lebanon from the ceasefire agreement and has continued to carry out intense and destructive airstrikes there.

Elsewhere, the relief may also be short-lived. Both Iran and the US have reasons to end the war, yet their positions remain deeply divergent. With mutual distrust prevailing, only two weeks remain to reach any accord.

US Vice President J.D. Vance described the agreement as a “weak truce.” That term indeed seems fitting.

डोल्पा : सुन्दरताको खानी, सुविधाबाट टाढा

Dolpa: A Treasure of Beauty Hindered by Lack of Infrastructure

Dolpa, naturally abundant in beauty, still lags behind in infrastructure development. Its stunning landscapes and natural heritage have the potential to attract tourists, yet the lack of adequate facilities poses significant obstacles to its progress. Access and transportation remain major challenges in the region. It is essential to explore new development approaches that protect Dolpa’s natural beauty and cultural heritage while promoting sustainable growth.

अमेरिकी डलरको भाउ बढ्यो, पाउण्ड, स्वीस फ्रयांक र अष्ट्रेलियन डलर घट्यो

US Dollar Strengthens, While Pound, Swiss Franc, and Australian Dollar Weaken

The Nepal Rastra Bank has set today’s buying rate for the US dollar at NPR 147.96 and the selling rate at NPR 148.56. The values of the UK Pound Sterling, Swiss Franc, Australian Dollar, and Singapore Dollar have declined today. The central bank has stated that exchange rates may be adjusted as needed, and commercial banks may set different rates. Kathmandu, 27 Chaitra.

According to the exchange rates determined by Nepal Rastra Bank today, the US dollar has appreciated in value. Conversely, the Pound Sterling, Swiss Franc, Australian Dollar, and Singapore Dollar have depreciated. Today, the buying rate for one US dollar is NPR 147.96, and the selling rate is NPR 148.56. Yesterday, the buying rate was NPR 147.84, and the selling rate was NPR 148.44.

Today, the European Euro’s buying rate is NPR 172.82, and the selling rate is NPR 173.53. Yesterday, the Euro’s buying rate was NPR 173.08, and the selling rate was NPR 173.78. The value of the UK Pound Sterling has also decreased today, with a buying rate of NPR 198.45 and a selling rate of NPR 199.26. Yesterday, these rates were NPR 199.09 and NPR 199.90 respectively.

The Swiss Franc has also declined today, with a buying rate of NPR 187.05 and selling rate of NPR 187.81. These were NPR 187.70 and NPR 188.46 yesterday. The Australian Dollar’s value has similarly decreased today, with a buying rate of NPR 104.13 and selling rate of NPR 104.55, compared to yesterday’s rates of NPR 104.29 and NPR 104.72.

Speaker Dol Prasad Aryal Urges Timely Completion and Accelerated Progress for Budhigandaki Hydroelectric Project

Speaker Dol Prasad Aryal has called for setting a firm deadline and accelerating the construction of the Budhigandaki Hydroelectric Project. Energy Minister Biraj Bhakta Shrestha has pledged the government’s full support to facilitate the completion of this project. The Budhigandaki Hydroelectric Project, with a capacity of 1,200 megawatts, is a national pride initiative, estimated to cost NPR 374 billion. Kathmandu, 26 Chaitra.

Speaker Dol Prasad (DP) Aryal expressed serious concern regarding the construction progress of the Budhigandaki Hydroelectric Project. In a discussion held on Thursday in his office with Energy Minister Biraj Bhakta Shrestha and Project Chief Executive Officer Arun Rajouria, he emphasized the urgent need to progress the construction within a defined timeline. He stated, “This is a project of national pride. It not only contributes to electricity generation but also directly supports tourism, expansion of agricultural markets, and employment promotion. Further delays are unacceptable.”

The Speaker urged the project’s leadership to prioritize this initiative at the highest level. He underscored the importance of establishing a clear work schedule that specifies start and completion dates. During the discussion, Minister Shrestha affirmed the government’s commitment to providing all necessary support to accelerate the project’s progress. Additionally, Rudra Singh Tamang, Joint Secretary of the Ministry, assured that the ministry would extend substantial assistance to advance the project. Bodhnarayan Shrestha, Member of Parliament from Dhading, expressed that the government’s special prioritization of large-scale projects demonstrates its serious commitment to national prosperity.

The Budhigandaki Hydroelectric Project is a reservoir-based 1,200-megawatt installation located along the border of Gorkha and Dhading districts. It carries an estimated budget of NPR 374 billion.

गृहमन्त्री सुधन गुरुङले ‘काउन्ट’ गरेकामध्ये ५ भीआईपी छुटे

Home Minister Sudhan Gurung Announces Release of Five VIPs Initially Detained in Public Crackdown

According to recent reports, during Prime Minister Balendra Shah’s tenure, five VIPs, including former Prime Minister KP Sharma Oli and former Home Minister Ramesh Lekhak, who were arrested in connection with the suppression of the Janajati movement, have been released. Home Minister Sudhan Gurung publicly shared this update on Facebook. Kathmandu, 26 Chaitra. Almost immediately after assuming office, Prime Minister Balendra Shah’s administration began a high-profile series of arrests. Initially, former PM KP Sharma Oli and ex-Home Minister Ramesh Lekhak were detained on charges of suppressing the Janajati movement. The District Administration Office arrested them on 14 Chaitra, a day after the new government was formed.

As the number of VIP arrests increased, Home Minister Gurung frequently updated the public by posting detailed arrest information and warrants on Facebook. According to Gurung, five such VIP detainees have since been released. Oli was freed on Thursday morning, with Lekhak also released the same day. Prior to this, three other VIPs had been released. On 17 Chaitra, former Chief District Officer of Kathmandu, Shavi Rizal, was released on bail. Rizal had been arrested by a team from the Crime Investigation Office in Sukhimuhan. He was the Chief District Officer of Kathmandu during the Janajati movement and was accused of suppressing the protest on 23 and 24 Bhadra 2079 (September 2022).

The investigation commission, led by Gauribahadur Karki, had recommended disciplinary action against Rizal. However, he was released on the same day he was arrested. Rekha Sharma, a Member of Parliament from Lumbini Province, was also freed after detention. Sharma was arrested on the night of 15 Chaitra before being released on 22 Chaitra. She was accused of keeping a minor girl in her home and forcing her into child labor. The girl claimed she had worked in the MP’s household for six years and had experienced physical abuse. Metropolitan employees, ward representatives, and police conducted an inquiry and even drafted a formal statement at the site.

Due to the complex condition of the girl, the municipal task force rescued her promptly and placed her in a protective shelter. However, no legal case was filed against the MP. Following a decision by the Attorney General’s office dated 16 Jestha 2082 (May 2025), Kathmandu District Court ordered Sharma’s release from custody. Another high-ranking official, Shankar Agrawal, was also released on 22 Chaitra after completing the statement process. He was among those detained in this crackdown.

Nepalese Photojournalist Narendra Shrestha’s Image Declared Best in World Press Photo Contest

Photojournalist Narendra Shrestha from Nepal has been awarded top honors at this year’s World Press Photo contest for his striking image of the burning Singha Durbar. The photograph vividly captures the fire that broke out during the Janajati movement at Singha Durbar, the central administrative complex of Nepal. This marks the first time in the 71-year history of the World Press Photo competition that a photo taken by a Nepalese photographer has been recognized as the best. In previous years, images capturing events in Nepal were typically shot by foreign photojournalists who received awards.

This year, the contest drew participation from 37,047 photojournalists across 141 countries. Shrestha’s photograph won first place in the ‘West Central and South Asia’ category. Selected from over 57,000 submissions, his image was deemed outstanding. Shrestha commented, “I have been dedicated to this field for 25 years continuously. Achieving success this time fills me with immense joy. Winning this contest is a great honor for any photojournalist worldwide.”

Based in the Netherlands, the non-governmental organization organizes exhibitions and various programs worldwide. Shrestha captured the awarded photograph for the European Pressphoto Agency (EPA).

कन्सल्टेन्सीको जागिर खाँदाखाँदै सांसद, अब उपसभामुख – Online Khabar

MP Rubikumari Steps Away from Consultancy, Likely to Assume Deputy Speaker Role

Rubikumari Thakur, a 25-year-old proportional representation MP from the Labor Culture Party, is a promising candidate for the position of Deputy Speaker. She completed a three-year diploma in engineering and has been working for the past seven months at a consultancy in Dhanusha, earning a monthly salary of NPR 20,000. Rubi has expressed her commitment to addressing social issues such as the dowry system, child marriage, and unemployment through parliamentary initiatives, while also planning to pursue a Bachelor of Education degree. Kathmandu, 26 Chaitra.

Rubikumari became affiliated with the Labor Culture Party before Hark Sampang launched his electoral campaign in Dhanusha. After meeting Hark for the first time, she actively canvassed voters through door-to-door visits. Having secured her seat through the proportional representation system, Rubikumari is considered a strong contender for the respected position of Deputy Speaker, enjoying support from the largest parliamentary party, Rastriya Swatantra Party.

She described her journey into parliament as unexpected. Reflecting on her inclusion on the proportional representation list, she said, “I am an ordinary person. However, I always watched Labor Culture Party and Chairman Hark Sampang’s videos. Believing the country needed such leaders, I became a supporter. Becoming a parliamentarian is quite a surprise for me.” Unless a major unforeseen political event occurs, she is almost certain to assume the role of Deputy Speaker.

Announcement: Student Enrollment from Baisakh 15 and Classes Begin from Baisakh 21

Kathmandu, 26 Chaitra – The new academic session 2083 and student enrollment will commence from Baisakh 15. The government has decided to launch the new academic session starting on this date. While there had been some uncertainties regarding the enrollment start date, the Education and Human Resource Development Center has confirmed that the enrollment campaign will also begin on Baisakh 15. The notice issued by the center states that the enrollment campaign will start on Baisakh 15, and classes will begin on Baisakh 21.
Previously, the academic session generally started from Baisakh 1. The notice further specifies that from Baisakh 2 onwards, schools will engage in promotional and creative educational activities. By Baisakh 15, schools are expected to prepare work plans, annual calendars, educational plans, and update school improvement plans, along with conducting programs related to professional capacity development for teachers.
Furthermore, plans must be developed to improve student learning achievements. Since it has been decided to designate Saturdays and Sundays as separate public holidays in educational institutions, schools are instructed to formulate and implement academic programs accordingly.

सुशासनमा रास्वपा निर्मम, प्रश्न उठ्ने बित्तिकै बर्खास्त

Rastriya Swatantra Party Enforces Strict Governance: Minister Dismissed Amid Controversy

Following a recommendation from Rastriya Swatantra Party (Raswapa) Chairman Ravi Lamichhane, Prime Minister Balendra Shah removed Minister of Labor, Employment and Social Security Deepak Kumar Sah from his post within 14 days. The disciplinary committee recommended action after finding that Minister Sah violated the party constitution by appointing his wife as a member of the Health Insurance Board.

Kathmandu, 26 Chaitra — After investigations and information regarding Minister Sah presented by Raswapa Chairman Ravi Lamichhane, Prime Minister Balendra Shah officially dismissed him from the ministerial position on Thursday. Minister Sah came under fire for allegedly abusing his office to secure a permanent appointment for his wife, Junu Shrestha, as a member of the Health Insurance Board, which was deemed a violation of party rules.

Article 71 of the Raswapa constitution explicitly prohibits appointing family members to any party or state bodies. Specifically, clause 71(2) states, “No recommendation or nomination shall be made for appointing family members of central or provincial party body members to any party or state organization.”

Raswapa’s acting disciplinary committee chief, Ramakant Rimal, confirmed that after verifying the violation of party regulations by Minister Sah, the committee recommended appropriate disciplinary measures. As Sah’s conduct contradicted the party’s values, policies, and principles, Chairman Lamichhane sent a letter recommending disciplinary action.

Following media reports exposing Minister Sah’s irregularities, the disciplinary committee sought clarification from him; however, Sah provided false and incomplete information. Based on this, Chairman Lamichhane recommended to the Prime Minister on 26 Chaitra to remove Sah from his post. The dismissal was made under Articles 25(4) and 69 of the party constitution. Article 25(4) emphasizes the chairman’s responsibility to uphold party ideals and dignity, while Article 69 allows recalling officials if they misuse their position.

Adhering to party constitution enforcement, Chairman Lamichhane’s recommendation led Prime Minister Shah to dismiss Minister Sah. Political analyst and professor Dr. Krishna Pokharel stated this move clearly signals Raswapa’s commitment to good governance. He noted, “In a parliamentary system, the Prime Minister holds the authority to dismiss ministers, and decisions based on party recommendations must be accepted by all.”

Chairman Lamichhane has previously oriented party MPs, affirming strict discipline within the party and rejecting any anarchic tendencies. He stated in an address, “We will enforce the ‘Right to Recall’ rigorously.”

Since its inception, Raswapa’s constitution includes provisions for recalling MPs. The revised constitution maintains this mechanism, allowing for recall of both directly elected and proportional representation members. Directly elected representatives can be recalled by general members, while proportional representatives can be recalled by the central committee. Proportional representatives acting against party interests may be subject to performance evaluations or other recall reasons. Article 69 empowers ordinary members dissatisfied with their representatives’ performance to initiate recall processes through the central committee according to regulations.

Due to the alliance with former Kathmandu Metropolitan City chief Balendra Shah’s faction during candidate selection, Raswapa had to finalize nominations hurriedly. Candidates from various parties and professions, some with controversial past behavior, joined Raswapa, which has drawn criticism.

Dr. Pokharel explained, “There was limited time to thoroughly vet the MPs’ backgrounds, and legal complexities exist in recalling members. The constitution mandates a somewhat complex process.”

In a prior instance, proportional representative MP Dhaka Kumar Shrestha was dismissed from Raswapa following an audio scandal revealing financial irregularities. Transparency International Nepal’s former chairman Khemraj Regmi regarded such actions positively, stating, “Immediate disciplinary action upon evidence of nepotism sends a constructive message.”

Strengthening Local Governments Is Essential: Speaker Aryal

Speaker Dol Prasad Aryal emphasized the necessity for local governments to play an effective role in delivering services to the public. He stated that work should be carried out with a strong focus on service recipients, ensuring that no errors occur in service delivery. He also highlighted the importance of strengthening local governments and fostering coordination among all levels of government on issues including budgeting. Kathmandu, 26 Chaitra.

On the occasion of the 33rd establishment day of the Nepal Municipal Association, Speaker Aryal urged prioritizing social development and good governance through the exchange of experiences and best practices. He reiterated the need to prioritize service recipients and avoid any form of service error.

Speaker Aryal stressed that service recipients’ satisfaction should take precedence over institutional or personal gains. He pointed out that local governments must play an active role in bringing joy to the people and making them feel that the government is working for their benefit. Highlighting the necessity of coordination among all governmental tiers regarding strengthening local governments and budgeting, he affirmed his commitment to this task.

उपसभामुखमा श्रम संस्कृतिलाई रास्वपाको ‘सरप्राइज’ – Online Khabar

Labor Culture Party Secures Surprise Support from RASWAP for Deputy Speaker Position

News Summary

  • The Labor Culture Party has secured the Deputy Speaker position in the new House of Representatives, with Rubi Kumari Thakur nearly certain to be appointed.
  • RASWAP has decided to support the Labor Culture Party, providing Rubi Kumari Thakur with backing exceeding two-thirds of parliamentary votes.
  • Leader of the Rastriya Prajatantra Party (RPP) parliamentary group, Gyanendra Bahadur Shahi, has raised questions regarding RASWAP’s support.

March 9, Kathmandu. After the formation of the new House of Representatives, Hark Sampang is known as the individual who frequently issues warnings to the RASWAP-led government both inside and outside the parliament. Sampang, who is also the president of the Labor Culture Party, often raises questions on social media about the government’s and RASWAP’s conduct. Despite his party sitting on the opposition benches, RASWAP has decided to support the Labor Culture Party’s candidate for Deputy Speaker.

For the first time entering parliament as a new force, the Labor Culture Party has been awarded the prestigious post of Deputy Speaker in the House of Representatives.

With seven MPs, the party’s candidate Rubi Kumari Thakur is almost certain to secure the Deputy Speaker post because with RASWAP’s support, she garners backing from over two-thirds of the House members.

RASWAP General Secretary Kavindra Burlakoti has confirmed that the alliance among transformative forces after the new elections has resulted in RASWAP supporting the Labor Culture Party.

Since RASWAP holds the Speaker position in the House of Representatives, constitutional provisions require that the Deputy Speaker be from another party and gender group. Based on this, RASWAP engaged in dual deliberations regarding whether to support the Labor Culture Party or the Rastriya Prajatantra Party (RPP).

RPP parliamentary leader Gyanendra Bahadur Shahi met with RASWAP Chairperson Ravi Lamichhane a few days ago to discuss support for the Deputy Speaker candidate. On Thursday, Shahi said he had another discussion with Lamichhane, where he received assurances of support for RPP. Following this, RPP leaders convened a meeting to nominate Saraswati Lama as their candidate for Deputy Speaker.

Meanwhile, RASWAP also was in dialogue with the Labor Culture Party. Hark Sampang held talks with Prime Minister and senior RASWAP leader Balendra Shah. While the RPP meeting was ongoing, RASWAP leaders including Kavindra Burlakoti held discussions with the Labor Culture Party. RASWAP has stated that it was during these discussions that the decision to support the Labor Culture Party was finalized.

When RPP leaders arrived to register the candidacy of Saraswati Lama, Labor Culture Party MPs including Rubi Kumari Thakur were waiting with nomination forms. RPP initially submitted Saraswati Lama’s candidacy with their own MPs as proposers and supporters. Later, RASWAP’s Kavindra Burlakoti and Labor Culture Party’s Aren Rai, who were part of the negotiations, also came to the registration site and registered Thakur’s nomination as second proposer.

After registering the candidacy based on RASWAP’s assurance, RPP parliamentary leader Shahi questioned Chairperson Lamichhane, asking why such support had been promised. Speaking to journalists at the parliamentary secretariat after the nomination, Shahi said, “We will see how much of his words are fulfilled.”

However, Shahi acknowledged that since RASWAP has formally endorsed Rubi Kumari Thakur, she is nearly certain to become Deputy Speaker. With RASWAP and Labor Culture Party combined, there are 189 seats in the House of Representatives, which amounts to more than two-thirds majority.

Decision Made Just 10 Minutes Prior

On Wednesday night, RASWAP General Secretary Kavindra Burlakoti held conversation with Labor Culture Party Chairman Sampang. On Thursday morning, RASWAP Chairperson Lamichhane called RPP parliamentary leader Gyanendra Shahi with the same message—“Please file your candidacy. We desire representation of the indigenous nationalities cluster in the Deputy Speaker post.”

The CPN did not receive such a message and subsequently decided not to put forward their candidate for Deputy Speaker, despite initially claiming the position. Meanwhile, RSP and RASWAP were deliberating over their candidates.

RPP had initially planned to nominate Khushbu Oli. After RASWAP Chairperson Lamichhane requested a candidate from the indigenous nationalities cluster, Khushbu was convinced and Saraswati Lama was nominated as the candidate.

Similarly, the Labor Culture Party originally intended Ambika Devi Sangraula as their candidate, but following RASWAP’s request for a candidate from the indigenous cluster, they decided to nominate Rubi Kumari Thakur after consultation.

Both RPP and RASWAP had understood that they would support each other during the vote and were preparing accordingly.

However, both RPP and Labor Culture Party were ‘surprised’ during the process of candidate registration.

While the RPP candidates were registering, Thakur of the Labor Culture Party was waiting for her turn. As RPP leaders were taking photos post-registration, Labor Culture Party General Secretary Aren Rai and RASWAP General Secretary Kavindra Burlakoti arrived together. Burlakoti announced the decision to support Thakur.

Following that, Aren Rai acted as proposer, with RASWAP’s Ashok Chaudhary and Labor Culture Party’s Ambika Devi Sangraula as supporters for Thakur’s nomination.

Burlakoti admitted that the decision was reached at the last moment. He mentioned that the CPN and RPP had also sought to put forward candidates for Deputy Speaker.

According to Burlakoti, “There were proposals from the CPN at the cross meetings. We accepted some and rejected others. This decision was finalized just 10 minutes ago. We were waiting to see who would file nomination. We had not promised anyone earlier.”

He further explained that when they entered the nomination office, only a few minutes remained before the 2 pm deadline.

“As time was running out, officials from the parliamentary secretariat and others had said it would still be possible to submit nominations after entering inside the door,” he added.

Despite the last-minute nature of the decision, Burlakoti said it reflects the public sentiment.

He concluded, “There is public expectation that the party moves forward unitedly and we considered that. The Speaker’s post will be secured and the Deputy Speaker will be a person of younger age. The Constitutional Council will also appear inclusive.”

RPP Left Isolated

There are six parties in the House of Representatives. In the contest for the Deputy Speaker position, five parties stood together while RPP remained isolated.

The Nepal Communist Party, RPP, and Labor Culture Party all claimed the Deputy Speaker post and sought support from RASWAP. Nepali Congress and CPN-UML neither claimed the post nor urged RASWAP to support their candidate.

Due to the absence of a candidate nomination message from RASWAP, the opposition parties affiliated with the CPN engaged in dialogue. Mohan Acharya from Congress, Gurup Prasad Baral from UML, and Barshaman Pun from the Nepal Communist Party were involved in discussions. Labor Culture Party General Secretary Aren Rai also participated in these talks.

However, these four parties had not communicated with RPP. After RASWAP gave its support to RPP, all opposition parties except RPP decided to support Labor Culture Party’s candidate.

RPP had not initiated dialogue with other parties hoping for RASWAP’s support, and RPP parliamentary leader Shahi himself approached RASWAP for backing.

On March 5, Shahi went to meet RASWAP Chairperson Lamichhane at his residence. Following a phone call from Lamichhane, Shahi was initially enthusiastic.

However, after RASWAP ultimately decided to support the Labor Culture Party’s candidate, RPP found itself sidelined.

Similar to Shahi, Labor Culture Party Chairman Sampang was also in dialogue with top leaders of RASWAP. On March 6, Sampang met with Prime Minister Balendra Shah at the Prime Minister’s Office.

Ultimately, the Labor Culture Party has triumphed in securing the Deputy Speaker support.

With RASWAP’s backing, Rubi Kumari Thakur is ensured to become the Deputy Speaker. RASWAP alone has 182 MPs in the 275-member House. Nepali Congress holds 38 seats, CPN-UML 25, Nepal Communist Party 17, Labor Culture Party 7, and RPP 5.

Six Members Appointed to the National Planning Commission

Chaitra 26, Kathmandu – The government has appointed six new members to the National Planning Commission. The appointed members include Arjun Jung Thapa, Prof. Dr. Sanjay Acharya, Dr. Devendra Gauchan, Reshu Aryal, Prof. Dr. Sudan Jha, and Dr. Pukar Malla. Member Thapa is a former Secretary of the Ministry of Physical Infrastructure, while Prof. Dr. Acharya serves as a professor of economics at Tribhuvan University.

Additionally, Dr. Gauchan is a senior fellow at the Institute for Integrated Development Studies (IIDS). Aryal is an educationist who previously served as an advisor during Balen Shah’s tenure as mayor of Kathmandu Metropolitan City. Prof. Dr. Jha is a professor of computer science and engineering at Kathmandu University, and Dr. Malla is the co-founder and chairperson of the Governance Lab as well as an executive coach at Nepal Leadership Academy. Earlier, the government had appointed Dr. Gunakar Bhatt as the vice-chair of the National Planning Commission.

Umesh Sapkota Arrested for Deceiving Women and Seizing Property

Umesh Sapkota from Kavrepalanchok has been arrested by the Kathmandu Valley Crime Investigation Office, Teku, on charges of enticing women and seizing their property. After obtaining an arrest warrant from the Dang District Court, he was taken into custody in Bhaktapur and transferred to the Tulshipur Police Station. Police have confirmed that the case was registered following allegations of coercion.

Police investigations reveal that Umesh Sapkota manipulated divorced women by gaining their trust and mortgaging immovable property in their names at banks to withdraw money. The 40-year-old Sapkota, a resident of Panauti Municipality-2, Kavrepalanchok, currently living in Srikhanda Pur, Dhulikhel Municipality-5, Mahakali group, reportedly promised assistance to women and then used deceitful tactics to seize their assets, according to the investigation.

पेट्रोलियम पदार्थको मूल्यमा भारी वृद्धि, ग्यासको मूल्य पनि बढ्यो

Significant Price Hike in Petroleum Products, Gas Prices Also Increased

Nepal Oil Corporation has increased the price of petrol by NPR 17 per liter and diesel by NPR 25 per liter, aligning with the rise in global market prices. The revised prices set petrol between NPR 216.50 and NPR 219 per liter, while diesel ranges from NPR 204.50 to NPR 207 per liter. Although the corporation increased prices to reduce losses, it warns of an estimated deficit of around NPR 781 million across all sectors, which could impact supply.

Kathmandu, 26 Chaitra – Nepal Oil Corporation has raised fuel prices due to increasing international market prices, resulting in substantial losses for the corporation. According to the new adjustments, petrol prices have been increased by NPR 17 per liter and diesel/kerosene by NPR 25 per liter. Petrol prices now vary from NPR 216.50 to NPR 219 depending on the location, while diesel/kerosene prices are set between NPR 204.50 and NPR 207.

“Even after adjusting customs duties and infrastructure development taxes, the corporation faces a biweekly loss of NPR 1.02191 billion. Currently, the deficit per liter stands at NPR 16.65 for petrol, NPR 109.50 for diesel, and NPR 416.37 per cylinder for LPG. The total biweekly loss amounts to approximately NPR 1.02191 billion,” the Nepal Oil Corporation stated in its release.

“If such losses continue, payments to Indian Oil Corporation could be affected, potentially causing supply disruptions. Therefore, without further delay, prices have been raised by NPR 17 per liter for petrol, NPR 25 per liter for diesel/kerosene, NPR 100 per cylinder for LPG, and NPR 6 per liter for domestic aviation fuel,” the corporation further explained. Currently, the price of 14.2 kg LPG cylinders has reached NPR 2010, while domestic aviation fuel prices have been increased by NPR 6 per liter. Despite these hikes, the corporation estimates a biweekly loss of approximately NPR 781 million. The increased losses pose a risk to fuel supply, and consumers are urged to use petroleum products prudently.

Nepal Stock Exchange Urges Defunct Companies to Pay Annual Renewal Fees

The Nepal Stock Exchange has urged 21 companies to pay their outstanding annual renewal fees along with penalties. Most of these companies have ceased operations, while a few are still operational. According to the paid-up capital, companies are required to pay an annual renewal fee ranging from NPR 50,000 to NPR 100,000, NEPSE clarified. Kathmandu, 26 Chaitra.

NEPSE has requested even those companies that have been dormant but are still listed on the market to settle their annual renewal fees. Among those who have not paid, some companies are operational but have no stock market transactions, while the majority are defunct or facing problems. Despite being inactive, these companies remain listed on the market.

In an official notice, NEPSE stated that a total of 21 companies must pay their annual renewal fees in accordance with the Securities Listing Regulations. These companies have yet to remit their renewal fees, NEPSE emphasized. All fees must be paid with applicable penalties. NEPSE warned that failure to pay will result in an annual interest charge of 10 percent.

Companies with a paid-up capital up to NPR 50 million are required to pay an annual renewal fee of NPR 50,000, while those with a higher paid-up capital must pay NPR 100,000. NEPSE noted that these 21 companies have not yet paid their fees. Most of these are currently non-operational, although a few remain active but have no trading activity. Among the companies that have not paid their fees are defunct entities like Butwal Spinning Mills, Gorakhkali Rubber Industry, Crystal Finance, Himalayan Finance, Karnali Development Bank, Nepal Share Markets, Capital Merchant Banking and Finance, Nepal Welfare, Samjhana Finance, Himalayan Finance, and Shri Bhrikuti Pulp and Paper. Additionally, NEPSE has asked companies such as Birat Suga, Arun Herbal Industry, Harisiddhi Brick Industry, Nepal Film Development, and Flour Himalayan to pay their renewal fees. Firms including Shriram Sugar Mills, Yak and Yeti Hotel, Jyoti Spinning Mills, Nepal Bitumen and Barrel Industry, Nepal Trading, and Raghupati Jute Mill have also been urged to clear their annual renewal fees.