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Stock Market Declines by 12 Points Amid Increased Trading Volume

On Thursday, the stock market fell by 12.36 points, with the NEPSE index closing at 2,742 points. Despite the decline, trading volume increased from NPR 382 crore to NPR 389 crore. Share prices of 72 companies rose, while 188 companies saw their prices fall, and all sector indices dropped by less than 1 percent.

Kathmandu, Jestha 7 – Following a 30-point rise the previous day, the stock market slipped by 12.36 points on Thursday, settling the NEPSE index at 2,742 points. Although the market declined, trading activity saw a slight upturn. The total turnover increased to NPR 389 crore from NPR 382 crore the day before.

The market remained in the red throughout the day. Prices rose for 72 companies, declined for 188, and stayed unchanged for 9 companies. Although all sector indices experienced declines, each sector’s fall was contained within 1 percent. Specifically, the declines were: Banking 0.57%, Development Banks 0.31%, Finance 0.21%, Hotel and Tourism 0.86%, Hydropower 0.68%, Investment 0.33%, Life Insurance 0.10%, Manufacturing and Processing 0.36%, Microfinance 0.50%, Non-life Insurance 0.42%, and Other Groups 0.31%. The Trading sector remained stable.

Bungul Hydropower saw the most notable price increase at 6.18%. Among the groups with significant price gains, debentures of banks and financial institutions led the list. On the other hand, Apara Lohorekha registered the highest decline of 14.95%. Other notable losses included Jhapa Energy down 8.12%, Mountain Hydro Nepal down 7.40%, and City Hotel down 3.80%.

The top five companies by trading volume were Aankhukhola Hydropower, Ridi Power, Bungul Hydropower, NRN Infrastructure, and First Microfinance.

Discussion Begins Between Drafting Committee and Political Leaders for Constitution Amendment

The task force formed to draft a discussion paper for constitutional amendments has initiated talks with leaders of various political parties. The task force, coordinated by Asim Shah, political advisor to Prime Minister Balen Shah, held discussions at the Prime Minister’s Office to gather suggestions.

The discussions included leaders such as Kabindra Burlakoti, General Secretary of Rastriya Swatantra Party (Raswap), Madhav Sapkota of the Nepal Communist Party (NCP), CK Raut, Chairperson of Janamat Party, and Keshav Jhaal of the Rastriya Mukti Party. Today, on 7th Jestha in Kathmandu, the task force convened at the Office of the Prime Minister and Council of Ministers with the participation of political party leaders to discuss the draft for constitutional amendment.

Ebola Outbreak Prompts Postponement of DR Congo’s World Cup Football Training

Due to the outbreak of the Ebola virus in the eastern region of the country, the Democratic Republic of Congo has postponed the training sessions for its national football team, which is set to participate in the FIFA World Cup 2026, originally scheduled to take place in the capital, Kinshasa. So far, the virus has infected approximately 600 individuals, with 139 confirmed deaths among those affected.

DR Congo plans to send the national team to Belgium for training sessions. The country is making its first World Cup appearance since 1974. However, the World Health Organization (WHO) has stated that the virus infection has not yet reached pandemic levels.

According to Jerry Kalemoka, spokesperson for DR Congo’s national team, international media have been informed that the matches scheduled in Europe before the World Cup will proceed as originally planned. DR Congo is set to play friendly matches in Liège, Belgium, against Denmark on June 3 and in Marbella against Chile on June 9.

The current outbreak is caused by a rare strain of Ebola virus known as ‘Bundibugyo.’ Government agencies are actively working to contain this outbreak. At present, there is no available vaccine for this virus. The WHO estimates that it could take approximately nine months to develop an effective vaccine. Additionally, the United States has imposed entry restrictions on non-American travelers who have visited DR Congo, Uganda, or South Sudan in the past 21 days.

Egypt Announces Preliminary Squad for FIFA World Cup 2026

Egypt has revealed its preliminary squad for the upcoming FIFA World Cup 2026 under the leadership of head coach Hossam Hassan. The team will be captained by Mohamed Salah, who, alongside Omar Marmoush, will lead the attack. Egypt is preparing for a friendly match against Russia in Cairo on May 28 and will compete in Group G of the World Cup against Belgium, New Zealand, and Iran. (May 20, Kathmandu)

Head coach Hossam Hassan announced the preliminary squad on Wednesday. Mohamed Salah will serve as captain, partnering with Omar Marmoush in the offensive line. Notably, Nantes forward Mostafa Mohamed was excluded from the preliminary roster after scoring only four goals in 24 appearances this season and with his club’s relegation from Ligue 1.

Among the new inclusions is young talent Hamza Abdelkarim from Barcelona’s Under-19 team, who earns his first call-up to the national team. He is considered one of Egypt’s promising forwards. Egypt is preparing for the friendly match against Russia scheduled for May 28 in Cairo. Following the roster reduction by one player, the final 26-member squad will be announced. Ahead of the World Cup, Egypt also plans a friendly against Brazil on June 6 in Cleveland.

Placed in Group G, Egypt will begin its World Cup campaign on June 15 against Belgium, followed by matches against New Zealand on June 21 and Iran on June 26.

Egypt’s preliminary squad:
Goalkeepers: Mohamed El Shenawy, Mostafa Shobeir, El Mahdi Soliman, Mohamed Alaa
Defenders: Mohamed Hany, Tarek Alaa, Hamdi Fathi, Rami Rabia, Yasser Ibrahim, Hossam Abdelmaguid, Mohamed Abdelmonem, Ahmed Fatouh, Karim Hafez
Midfielders: Marwan Attia, Mohand Lashin, Nabil Emad, Mahmoud Saber, Ahmed Zizo, Imam Ashour, Mostafa Ziko, Mahmoud Trezeguet, Ibrahim Adel, Hossam Hassan
Forwards: Omar Marmoush, Mohamed Salah, Akte Abdullah, Hamza Abdelkarim

जनतासँग बढी कर नलिन सांसदहरूको माग – Online Khabar

Lawmakers Urge Government to Avoid Tax Hikes and Provide Incentives to Citizens

During the House of Representatives session, MPs urged the government not to increase taxes on the public and to offer concessions when taxes are paid. They also raised various demands to improve roads, bridges, airports, and waste management, aiming to remove existing obstacles. Kathmandu, 7 Jestha.

In today’s meeting, MP Sulabh Kharel emphasized the need to establish a system that grants benefits to taxpayers. MP Sushant Vaidik alerted relevant authorities to expedite road construction delayed in Pyuthan and requested the construction of lightning-resistant towers to prevent damage from lightning strikes. MP Sushil Khadka highlighted that instead of promoting proper waste management, obstacles have increased, and called for the cancellation of the scrap tax.

MP Sushma Swarnakar called for uninterrupted electricity supply, citing the authority over electrical services. MP Suhang Nembang demanded repairs to roads in Ilam that have been deteriorating since the monsoon season began. MP Som Sharma drew the government’s attention to conduct a factual and thorough investigation into the shooting incident on Bhadra 23, urging action against those responsible. MP Smriti Chaudhary claimed that the future of the youth is at risk and called for policies to prevent youth migration abroad.

Magnesium Glycinate Supplements Illegal in Nepal; Strict Action Against Sales Enforced

The government has explicitly stated that no supplements containing magnesium glycinate are permitted for sale or distribution in Nepal. The Department of Food Technology and Quality Control has confirmed that, to date, no products containing magnesium glycinate have been registered or authorized for sale. The department warned that legal action will be taken against the sale and distribution of unregistered products and urged consumers to remain vigilant. Kathmandu, 7 Jestha.

The government clarified that no permission has been granted to sell or distribute any supplements containing ‘magnesium glycinate’. The Department of Food Technology and Quality Control issued a notice expressing serious concern over misleading advertisements related to magnesium glycinate circulating on various social media platforms. According to the department, under the Food Hygiene and Quality Control Act, 2081, and the Supplementary Food Regulation Procedures, 2072, registration with the department is mandatory before any food, health, nutritional, dietary supplement, nutraceutical, or probiotic product can be sold or distributed.

However, the department has stated that no product containing the magnesium glycinate molecule has been registered or authorized as a dietary supplement for sale and distribution thus far. The notice emphasizes, “If any unregistered product containing the magnesium glycinate molecule is sold or distributed under the name of dietary supplements, strict action will be taken according to the Food Hygiene and Quality Control Act, 2081.” The department also advised consumers to exercise caution when using such unauthorized and unverified supplement products.

Nirudevi Pal Appointed to Lead KP Oli’s Secretariat

Nirudevi Pal, a central committee member of the CPN-UML, has been assigned the responsibility of managing the secretariat of party chairman KP Sharma Oli. According to a proposal passed in the secretariat meeting, Pal has been appointed to oversee Oli’s secretariat. In addition to this role, Pal has also been entrusted with the position of chief of the National Volunteers Force. Kathmandu, 7 Jestha.

Pal, who is a former president of the Youth Association, had been managing Oli’s secretariat for some time prior to this official appointment. Along with the chairman’s secretariat, she has been tasked with leading the National Volunteers Force as well.

42nd National Table Tennis Championship to Begin on June 27

The 42nd National Table Tennis Championship is scheduled to take place from June 27 to June 30. A total of 116 players will participate, representing all seven provinces and three departmental teams. Competitors, including men, women, juniors, and cadets, will compete in 11 categories under league-cum-knockout and knockout formats. June 10, Kathmandu.

Organized by the All Nepal Table Tennis Association, the event will be held at the National Table Tennis Training Center in Lainchaur. Officials announced during a press conference on Wednesday that 70 players will come from the seven provinces (10 players each), 30 from three departmental teams (10 players each), and 16 top players (8 men and 8 women) have been directly selected for the championship.

The competition will feature team events for men and women, men’s and women’s singles, men’s doubles, women’s doubles, mixed doubles, junior boys and girls (under 19), and cadet boys and girls (under 15), comprising 11 events in total. Four events will be played using a league-cum-knockout system, while the rest will follow a knockout format. Association officials emphasized that including junior and cadet categories aims to provide young players the opportunity to gain experience by competing alongside senior athletes.

The National Sports Council (NSC) has granted annual support of NPR 800,000 for the event, with the Table Tennis Association managing the remaining funds. The total estimated budget for the championship is NPR 3.5 million.

भाजपालाई उछिनेको केही घण्टामै कक्रोच पार्टीको एक्स अकाउन्ट बन्द

Cockroach Party’s X Account Banned in India After Surpassing 11.7 Million Followers

The Cockroach Janata Party’s X (formerly Twitter) account has been blocked in India just hours after surpassing 11.7 million followers on Instagram, overtaking the official account of the Bharatiya Janata Party (BJP). The party’s founder, Abhijeet Deepak, confirmed the account blockage in India, stating, “As expected, the Cockroach Janata Party’s account has been blocked in India.”

This satirical campaign emerged from youth frustration over controversial statements by Chief Justice Dhananjaya Y. Chandrachud and evolved into a digital movement focusing on issues such as unemployment, leaked exam papers, and institutional accountability. On 7th May in Kathmandu, the Cockroach Janata Party (CJP) crossed 11.7 million followers on Instagram, surpassing the BJP’s official Instagram account, which currently has approximately 8.7 million followers.

The X account of this satirical political movement was blocked in India on Thursday, further amplifying the meme-based campaign initiated by Jenzee. Abhijeet Deepak shared a screenshot confirming the account’s blockage in India. Reacting to the development, Deepak wrote, “As expected, the Cockroach Janata Party’s account has been blocked in India.”

This action came amid unprecedented growth of the Cockroach Janata Party across social media platforms. Having started as an online satire movement just days ago, the campaign quickly transformed into a major digital initiative driven by youth disgruntlement with unemployment, exam paper leaks, political rhetoric, and institutional non-responsiveness. Combining humor, memes, and political messaging, the movement rapidly amassed massive online participation.

The name “Cockroach Janata Party” itself arose as a satirical response to controversial remarks made by India’s Chief Justice Dhananjaya Y. Chandrachud during court proceedings last week. The Chief Justice referred to some unemployed youth and online activists as “cockroaches” and “parasites,” which triggered widespread outrage online.

Government Issues 9-Point Directive to Reform Dairy Development Corporation

The Ministry of Agriculture, Forestry and Environment has issued a 9-point directive aimed at reforming the Dairy Development Corporation (DDC). Minister Gita Chaudhary has instructed measures to bring fundamental improvements in the DDC’s management, financial transparency, and service delivery. According to the directive, the DDC will implement electronic record-keeping for all processes, including milk collection, sales distribution, accounting systems, and employee attendance, within three months. Kathmandu, 7 Jestha.

The directive includes the following points: 1. Submit authentic monthly data on milk collection, sales distribution, and income-expense details for the past five years to the ministry within 15 days, and ensure monthly reports are sent to the ministry within seven days of the following month. 2. Collect outstanding dues as per prevailing laws and inform the ministry within one month. 3. Integrate all processes, from milk collection, dairy product sales and distribution, billing, accounting, asset, and inventory status into electronic record-keeping following the Government of Nepal’s approved 100-point reform plan within three months.

4. Mandate electronic attendance for all employees and workers, and provide payment for regular and overtime work only when verified by such electronic attendance. 5. Provide services strictly as per existing laws, issue a code of conduct for employees and workers, and enforce it rigorously. 6. Update the valuation of the institution’s physical assets and prepare a business plan accordingly. 7. Assign performance targets to each employee, prepare evaluation indices based on work descriptions, and implement a structured performance evaluation system. 8. Document the list of tasks performed by the institution and those outsourced, map workflow and processes, prepare a Business Process Reengineering plan, and submit improvement measures to the ministry. 9. Set milk collection and dairy product sales targets for each distribution and production center chief and staff under the DDC, evaluate their performance, and ensure the institution maintains profitability from these operations.

MP Dr. Tosima Karki Urges Government to Immediately Formulate National Trauma Policy

Dr. Tosima Karki, Member of Parliament from the Rastriya Swatantra Party, has urged the government to promptly develop a National Trauma Policy to prevent road accidents. She emphasized the urgent need to address the suffering caused by the loss of many lives in traffic incidents by formulating and swiftly implementing this policy. Dr. Karki also highlighted that the government, while constructing roads, has failed both morally and policy-wise to protect its citizens from accidents.

May 20, Kathmandu – Speaking during the special session of the House of Representatives on Thursday, Dr. Tosima Karki called on the government to take immediate action in drafting a National Trauma Policy. She stressed that the policy must address the anguish caused by numerous fatalities due to road accidents and be implemented without delay.

“The state collects taxes and builds roads. Yet, an inability to safeguard its citizens from road accidents is not merely an administrative weakness but also a moral and policy failure of the state,” she said. “We are surprised about what previous governments have done, how they did it, and where the shortcomings exist. However, the Nepalese people have placed great hope in this government. Delays due to pending files or guidelines are no longer acceptable.”

She further added, “Building roads is feasible, but a government that cannot protect its citizens from accidents fails both morally and policy-wise. We need to tell the people of Nepal that while you received vaccinations against COVID-19, the government must also provide a policy-level vaccination against the unannounced epidemic of road accidents. We are ready to contribute. Therefore, I request that the government start formulating the National Trauma Policy immediately, which can prevent major accidents and save lives in the future.”

Cockroach Janata Party: New Political Force Rises on Instagram with Over 10 Million Followers in Five Days

Following Chief Justice of India, Surya Kant’s remark comparing certain youths to ‘cockroaches,’ the ‘Cockroach Janata Party’ was founded and has since amassed over 11.7 million followers on its Instagram account. The party’s manifesto states that the Chief Justice will not be rewarded with a Rajya Sabha seat after retirement and declares that anyone tampering with votes will be arrested under the Unlawful Activities (Prevention) Act (UAPA). Founder Abhijeet Deepke remarks, “This movement went viral within three days,” with young people demanding that traditional political shadows be avoided. Dated May 20, Kathmandu.

Chief Justice Surya Kant’s ‘cockroach’ analogy sparked widespread debate on social media. In response, the ‘Cockroach Janata Party’ was established and rapidly gained popularity, boasting 11.7 million Instagram followers, a number that continues to rise. For comparison, India’s ruling Bharatiya Janata Party (BJP) has 8.7 million followers on Instagram, while the main opposition Congress Party holds 13.2 million followers.

The party was founded by Maharashtra-based Abhijeet Deepke. Its slogan reads: “Secular, Socialist, Democratic, Lazy.” On a single day, the party’s followers increased by more than 4 million. On May 15, while hearing a case, Chief Justice Surya Kant compared some unemployed youths to cockroaches. The party manifesto states, “If any legitimate vote is erased, the Chief Election Commissioner will be arrested under the UAPA, as that is no less than terrorism.”

Abhijeet Deepke explains, “While listening to the Chief Justice’s statement on X, where he compared youth critics of the system to cockroaches and parasites, I shared my views on social media. I received surprising responses from many Generation Z and under-25 youths. They said, ‘We need to unite and create a platform.’ Subsequently, I founded the CJP (Cockroach Janata Party).”

महावीर पुन भन्छन्– बरु रकेट बनाउन सजिलो छ, बाँदर आतंक कम गर्ने प्रविधि छैन

Mahaveer Pun: Developing Rockets Is Easier; No Effective Technology Yet to Reduce Monkey Menace

Independent MP Mahaveer Pun stated in a parliamentary session that taxing alone will not reduce the monkey menace and emphasized the need for research. He revealed that he has been trying for seven years to develop technology to mitigate the monkey problem but hasn’t succeeded. He also mentioned that the National Innovation Center has spent 5–6 million rupees on research and has requested local municipalities for additional support.

Kathmandu, 21 May — Independent MP Mahaveer Pun clarified during the House of Representatives meeting that imposing taxes alone will not solve the problem of monkey-induced disturbances. Speaking on Thursday, he shared his perspective and noted that despite working on this issue for seven years, no success has been achieved. He further explained that no scientist worldwide has been able to develop technology to reduce monkey interruptions, stating that making rockets is easier than inventing such a solution.

“You are raising the issue of monkey menace now, but I have been concerned about it since seven years ago. The National Innovation Center has invested 5–6 million rupees in related research,” he said, adding, “I have urged every rural municipality to raise one million rupees to enable thorough research in this area. This cannot be addressed through taxation alone in Parliament.”

Additionally, MP Pun stressed the necessity of allocating targeted funding to advance research on controlling the monkey menace. “Many parliamentarians have imposed taxes. Building rockets is easier and the technology is available. However, I have searched worldwide for technology to deter monkeys, and none exists. Adequate budget must be allocated for this research,” he emphasized.

Nepal Business Summit 2026 Concludes Emphasizing Investment-Friendly Environment

The Nepal Business Summit 2026 was successfully held in Kathmandu through a collaborative initiative by the Nepal Business Institute, NIKKI, CBFIN, and FIN. Finance Minister Dr. Swarnim Wagle highlighted that the government has implemented fundamental changes in economic policy and governance, urging the private sector to invest actively. Foreign Minister Shisir Khanal presented the government’s vision for rapid and sustainable economic development, emphasizing investment promotion and technology partnerships.

The summit, hosted in Kathmandu, was jointly organized by the Nepal Business Institute (NBI), Nepal-India Chamber of Commerce & Industry (NIKKI), Confederation of Banking and Financial Institutions Nepal (CBFIN), and Federation of Export Entrepreneurs Nepal (FIN). Dr. Swarnim Wagle, keynote speaker and Finance Minister, noted that the current government has received a clear mandate from the public to bring substantial changes in economic policy and governance systems, with both public and private sectors already experiencing the positive impacts, contributing to ongoing progress.

Kunal Kayal, Acting Chairman of NIKKI, highlighted the importance of bringing together policymakers, business leaders, financial institutions, entrepreneurs, and development partners on a common platform to address shared development challenges. He stated that NIKKI is actively strengthening trade relations between Nepal and India, particularly in business, energy, infrastructure, cross-border connectivity, and integrated financial facilitation. He reiterated NIKKI’s commitment to facilitating dialogue between the government and private sector, promoting cross-border partnerships, and enhancing economic cooperation.

Dr. Gunakar Bhatt, Vice Chairman of the National Planning Commission, cited data showing that over the past five years, Nepal has experienced an outflow of 9.7 billion NPR in dividends and an inflow of 6 billion NPR in investments, underscoring that substantial investment opportunities still exist within Nepal. Former Nepali Ambassador to India Dr. Shankar Sharma discussed how India’s Neighbour First Policy and strategic initiatives related to regional supply chains have maintained a positive environment for Nepal. In the closing session, Foreign Minister Shisir Khanal articulated the government’s perspective on achieving rapid and sustainable economic development grounded in good governance, predictable policies, and structural reforms.

MP Officer Urges Immediate Payment of Over 140 Million to Milk-Producing Farmers in Makwanpur

Member of Parliament Lima Officer Acharya of the National Independent Party has urged the government to establish a legal framework ensuring that farmers receive payment for their agricultural products within 15 days. She highlighted that over 140 million Nepalese rupees remain unpaid to milk-producing farmers in Makwanpur and expressed concern that youth across the country are forced to seek employment in Gulf countries due to delayed payments for their produce. Officer stated, ‘Not just grain but food self-sufficiency is essential, and without timely payments to farmers, prosperity in the country is impossible.’

On 7 Jestha in Kathmandu, MP Lima Officer Acharya appealed to the government during the zero hour session of the House of Representatives on Thursday to enact legal provisions guaranteeing immediate payment to farmers for their agricultural products. She demanded the establishment of a law mandating that farmers receive payment for their produce within 15 days. She said, ‘I urge the government to legally guarantee mandatory payment to farmers within 15 days.’

According to Officer, failure to pay for products such as milk, sugarcane, and rice compels young people to seek employment opportunities in Gulf countries. She added, ‘More than 140 million rupees in payments are pending to milk-producing farmers in Makwanpur alone. This is not just a Makwanpur issue, but a common situation for many farmers across the country producing sugarcane, milk, rice, and other products.’

She questioned, ‘When farmers have to wait months or even years to receive the value of their hard work, how do they manage to pay for cattle feed or their children’s school fees on time? Because of this, today’s energetic youth are forced to leave fertile lands barren and migrate to the Gulf deserts for employment. Emptying the farmers’ pockets makes national prosperity unattainable.’

Officer emphasized the need not only for grain production but also for food self-reliance in the country.