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Process to Transfer Funds from Dormant Bank Accounts to the State Treasury

The new government’s 100-point action plan on public administration reform includes a measure to transfer funds from dormant bank accounts to the state treasury. The spokesperson for Nepal Rastra Bank has stated that implementing this measure will require necessary legal amendments. The 78th point of the cabinet-approved action plan states: “To effectively utilize the state’s dormant resources, banks and financial institutions must collect details of accounts inactive for 10 years or more, and any unclaimed funds after completing legal procedures should be transferred to the state treasury. Additionally, other sources should be identified and managed, with this process to be completed within 90 days.”
Central bank officials report that there are “more than 10 million” such accounts, containing “billions of rupees.” Nepal, with a population of nearly 30 million, reportedly has over 60 million bank accounts, according to Nepal Rastra Bank.
Nepal Rastra Bank spokesperson Gurupraj Paudel emphasized that legal provisions must be added and amended to implement the government’s announcement, noting that the government is expected to propose such changes. Krishna Raj Acharya, an economics professor at Tribhuvan University, commented that while the proposal is theoretically sound, Nepal needs to consider its international financial commitments and established global practices.
“Furthermore, transferring individual savings to the state treasury is not a straightforward matter. The existing 20-year dormancy period is being reduced to 10 years, so further clarification is needed on this,” said Professor Acharya. However, he added, “This is a beneficial measure for a country like Nepal. For nations with weak economies, such small sources provide an effective means to mobilize resources.”

७१औं वर्षमा पत्रकार महासंघ, सरकारले सञ्चारसम्बन्धी कानुन ल्याउने अध्यक्ष शर्माको विश्वास

On 71st Anniversary, Press Federation Chairperson Sharma Expresses Confidence in Government to Enact Media-Related Laws

March 30, Kathmandu – The Nepal Press Union, the common institution representing Nepali journalists, is celebrating its 71st founding anniversary today. On this occasion, the union has organized various programs across the Kathmandu Valley and nationwide. President Nirmala Sharma issued a message highlighting the responsibility of accountable journalism. She appealed to everyone to ensure the public’s right to accurate information and to fulfill the role expected by society.

With a history spanning seven decades, established as the country’s oldest and leading civil organization, the union has continuously worked to protect press and expression freedom while dedicating itself to the welfare of working journalists, President Sharma stated in her congratulatory message. “We are prioritizing efforts to establish strong democracy and the rule of law through professional and accountable journalism,” she wrote in the message. “The union has played a prominent role in protecting human rights, safeguarding citizens’ right to accurate information, and addressing public interest issues.”

Emphasizing that journalists and journalism are inherently linked to democracy, President Sharma said, “In some instances, it may be necessary to express opinions on public interest matters beyond professional responsibilities.” She added, “It is our duty to resist any attempts by any arm or level of the state to curtail or control constitutionally guaranteed press and expression freedoms under any pretext.” “Even a decade after the implementation of the democratic constitution, incidents compromising press freedom are increasing, and the union remains committed to opposing such violations,” she stressed.

Following the recently concluded House of Representatives election, the union has expressed confidence in the newly formed government holding nearly a two-thirds majority to end the longstanding political instability. Likewise, President Sharma urged the government to bring forward media-related and other essential laws after consulting with the union and stakeholders, as these have long been pending. She also highlighted the need to boost morale by ensuring compensation for media houses and journalists who suffered during the Janjati movement struggles and various accidents, based on data collected by the union.

With the advancement of information technology, the use of social media has increased the challenge of the spread of misinformation. In this context, President Sharma stated it is the union’s responsibility to uphold its dignity and bring the legacy to new heights by practising responsible journalism. She further noted that the union is actively working to strengthen relationships with national and international organizations to ensure the physical and professional safety of journalists. Additionally, she informed that the union has initiated efforts to include all media outlets and working journalists in the Social Security Fund.

Impact of the Strait of Hormuz Crisis on the Internet

Video caption begins, Impact of the Strait of Hormuz crisis on the Internet

Impact of the Strait of Hormuz Crisis on the Internet

The Strait of Hormuz crisis extends far beyond petrol and gas issues.

It could slow down your WiFi service and cause disruptions in digital payments and banking apps.

It may even affect streaming services and impact your overall digital experience.

Watch the video.

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पतञ्जली मुद्दामा विशेष अदालतको आदेश– बहस नोट पेश गर्नू

Special Court Orders Submission of Debate Notes in Patanjali Corruption Case


March 29, Kathmandu – The Special Court has ordered both parties to submit their debate notes in the corruption case involving former Prime Minister Madhav Kumar Nepal and others.

The bench of the Special Court, comprising members Hemanta Rawal, Dilliratna Shrestha, and Umesh Koirala, directed both the prosecution and the defense to present their debate notes.

The Commission for the Investigation of Abuse of Authority (CIAA) had alleged corruption in the Patanjali case for the sale and exchange of land exceeding legal limits. Additionally, it was accused that there was inducement to purchase land beyond stipulated limits and to prepare false documents. The CIAA also implicated staff members of the Land Revenue Office in Kavre district in the case.

The CIAA raised questions over the roles of former Prime Minister Madhav Kumar Nepal, then Law Minister Prem Bahadur Singh, Land Reform Minister Dambar Shrestha, and Chief Secretary Madhav Prasad Ghimire.

Furthermore, individuals who purchased land through these exchanges have also been charged with corruption, leading to the filing of the case.

Nepali Congress Schedules Central Disciplinary Committee Meeting

The Nepali Congress has called a Central Disciplinary Committee meeting for Wednesday, Chaitra 18, at 1 PM. Acting General Secretary Krishna Prasad Dulal informed that the meeting will be held at the party’s central office in Sanepa. The purpose of this meeting is to discuss matters related to the party’s internal discipline.

मन्त्रीहरु पुल्चोक क्वाटरमा सर्ने तयारीपछि न्यायाधीशहरुलाई नैतिक संकट

Judges Face Ethical Challenges as Ministers Prepare to Move into Pulchok Quarters

Judges currently reside in the old ministerial residence located in Pulchok, Lalitpur. As the government begins allocating Pulchok quarters for newly appointed ministers, some judges residing there are planning to relocate. The presence of both ministers and judges in the same compound raises concerns about potential impacts on the administration of justice, prompting preparations for alternative housing arrangements. After the ministers moved to the Bhaisepati residence, the Pulchok quarters were designated for judges and the Chief Registrar. However, the Bhaisepati residence became uninhabitable following arson during the January movement. Kathmandu, 15 Chaitra.

Since the government started accommodating new ministers at Pulchok quarters, certain judges have started planning their relocation, at least temporarily. The prospect of ministers and judges sharing the same compound led to efforts to devise alternative arrangements, as it might affect the impartiality and functioning of the judiciary. Ministers shifted to a newly established, well-equipped residence in Bhaisepati, after which the Pulchok residence has been occupied by judges.

The arson attack during the January movement caused significant damage to the new ministerial residences in Bhaisepati. Except for the Defense Minister’s residence, all others became unsuitable for habitation. Following the January movement, the interim government designated all ministerial residences as minister quarters. A Supreme Court judge stated, “Currently, renovation and repainting are underway in at least five houses in the Pulchok quarters. Some ministers will move in soon,” he added, “While those of us living outside have no problem, judges residing there have started feeling uncomfortable.”

According to a judge residing at the Pulchok residence, judges are discussing two options. One is to live nearby, though frequent visits and meetings raise concerns about potentially compromising judicial independence, so efforts to regulate this matter are ongoing. “Such arrangements relate to the code of conduct, so it would be difficult to live that way,” the judge explained, “but moving out from here is also problematic, so we remain uncertain.” There are currently 19 buildings in the Pulchok quarters, connected to the Harihar Bhawan compound. Since the Chief Justice resides at the Baluwatar residence and some judges live in their own homes, not all quarters are in use.

Minister of Energy Birajbhakta Shrestha Holds Briefing with Ministry Staff

March 29, Kathmandu – Birajbhakta Shrestha, Minister of Energy, Water Resources, and Irrigation, engaged in discussions with senior officials of his ministry regarding the overall status, progress to date, existing challenges, and the forthcoming work plans. According to his secretariat, Minister Shrestha closely examined the progress of various projects and programs under the ministry, emphasizing the importance of making service delivery more effective, transparent, and citizen-oriented.

The minister highlighted that achieving the government’s goals for sustainable development in the energy sector, optimal utilization of water resources, and expansion of irrigation systems to boost agricultural production requires clear action plans, timely implementation, and a responsible work approach. Additionally, he underscored the need to cultivate coordination, discipline, and a result-focused work culture within the ministry. Minister Shrestha instructed staff to perform their duties with complete commitment, integrity, and high morale.

Emphasizing prioritizing results that citizens can directly perceive, he noted the necessity for all parties to unite in advancing towards self-reliance in the energy sector. Minister Shrestha expressed his commitment to enhancing the ministry’s overall efficiency by converting upcoming challenges into opportunities and ensuring effective coordination between policy, planning, and implementation.

टिचिङ अस्पतालको बेड नम्बर ५०१ – Online Khabar

Court Orders Effective Medical Care for Former Prime Minister KP Sharma Oli

The District Court of Kathmandu has issued an order mandating effective medical arrangements for the treatment of former Prime Minister KP Sharma Oli. Oli is currently undergoing monitoring with a Holter monitor to evaluate heart rhythm issues. He has previously undergone two kidney transplants and has been diagnosed with gallstones.

March 29, Kathmandu – On Sunday, the District Court of Kathmandu directed authorities to ensure adequate medical care for former Prime Minister and UML Chairman KP Sharma Oli, who is in police custody. Since Saturday morning, Oli has been receiving treatment at Tribhuvan University Teaching Hospital (Maharajgunj). The attending physicians report that his health condition is stable. A Holter monitor has been placed on him to continuously monitor heart irregularities.

Doctors admitted Oli to the hospital Saturday morning after detecting an irregular heartbeat. Cardiologists and thoracic vascular transplant specialists at the Manmohan Cardiothoracic Vascular and Transplant Center have been overseeing his care. While X-rays revealed gallstones, medical teams plan to decide by Monday whether surgery is necessary.

Due to his history of two kidney transplants, doctors have placed Oli under close observation. After his arrest Saturday morning, police transferred him to the hospital for medical examination. On Sunday, the District Court extended his detention and reiterated the need for appropriate medical arrangements. Senior Superintendent of Police Ramesh Thapa confirmed that Oli will remain hospitalized.

Prachanda Calls for Impartial Investigation into Oli


Chaitra 15, Kathmandu – Pushpa Kamal Dahal Prachanda, coordinator of the Nepal Communist Party (NCP), has emphasized the need for an impartial investigation concerning CPN-UML Chairman KP Oli.

Speaking with journalists on Sunday at the NCP office in Paris Danda, Prachanda stated that the investigation into Oli must be conducted independently and fairly, without any political demands or prejudice.

“Let there be no political pressure or bias from any side. I have already stated that impartiality must be maintained and that the inquiry should be conducted in an independent manner,” Prachanda said.

He also mentioned that the issue of investigating the assets of former prime ministers was initially raised in Parliament by their own party members.

“I was the one who first raised this issue in Parliament, calling for an investigation of everyone’s assets,” Prachanda added.

Furthermore, he shared that while they have not yet reviewed the government’s proposed 100-point agenda for administrative reforms, they will study it thoroughly and respond accordingly.

कर्मचारीका दलीय ट्रेड युनियन खारेजीको घोषणाले तरंग

Government Decision to Abolish Partisan Trade Unions in Public Administration Sparks Debate

The government has decided to eliminate partisan trade unions within public administration and end political interference, mandating civil servants to perform their duties without affiliation to any party or interest group. Conflicting views have emerged between supporters and opponents of trade unions as the government prepares to draft a Civil Service Bill within 45 days.

Kathmandu, 15 Chaitra – Among the 100 administrative reform agendas ratified by the cabinet on the day the government was formed under senior Rastriya Swatantra Party leader Balendra Shah, the 12th point highlights the plan to abolish partisan trade unions in public administration. The aim is to end unwanted interference and informal pressure, thereby streamlining decision-making and service delivery. The government intends to maintain public administration free from political influence, ensuring it remains impartial, neutral, and accountable to citizens.

Accordingly, “Civil servants, including teachers and professors, will be required to perform their duties without any direct or indirect affiliation to political parties, groups, or interest centers; legal action will follow any violations.” However, discussions around abolishing partisan trade unions have revealed divided opinions.

Administrators and former employees largely support the government’s move, while union-affiliated staff members oppose it. Administration expert Kashiraj Dahal remarked that calls to remove partisan trade unions have existed for some time but never succeeded. “All parties have experienced the influence of trade unions during their governance, but none managed to remove them. This decision should be welcomed and implemented,” he added. Some former employees also argue that party-affiliated unions are unnecessary.

Revenue officer Shailendra Singh considers failure to dissolve party-aligned unions a barrier to civil service reform. “Apart from party-linked unions, faction-based unions have also emerged. Official trade unions are acceptable, but the sooner party-affiliated unions are dissolved, the better it is for everyone,” he asserted.

Party-affiliated unions legally incorporated under the National Trade Union Network include Nepal Civil Service Employees Union, Nepal Civil Servants Organization, Nepal National Civil Service Employees Organization, Unified Government Employees Organization, Madhesi Civil Service Employees Forum, and Independent Civil Servants Employees Organization.

After the government’s decision, the Civil Service Employees Union chairman Uttam Kutuwal noted ongoing internal consultations, stating, “We are not a partisan trade union but a national-level trade union defined by law.” Similarly, Lalbabu Yadav, chairman of the Madhesi Employees Forum, denied that his organization is partisan. Registered in Magh 2065 (Nepali calendar), it advocates for the rights and interests of Madhesi, Tharu, Muslim, and Dalit employees. “Being a partisan organization is not desirable, but unions formed for protecting employee rights are necessary,” Yadav explained.

Bhavani Nyaupane Dahal, chairperson of the Civil Service Employees Organization, mentioned that legal consultations are underway and all trade unions are preparing a joint stance. They appear to disagree with the government’s decision. “We have attained trade union rights through struggles, and many comrades lost their jobs for this cause. We are ready to correct shortcomings but abolition is unacceptable,” she stated.

Party-aligned employee organizations began to proliferate following 2048 BS (Nepali calendar). The Nepali Congress-led government at the time reversed disciplinary actions against nearly 1,000 employees who were punished during labor movements. After the political parties formed, employees reportedly stopped respecting political leadership.

Some union officials even reportedly showed disrespect towards the prime minister. Former Prime Minister Sushila Karki noted employees’ non-compliance. Former Public Service Commission chair Umesh Prasad Mainali explained that post-2046 BS political changes saw the creation of party-affiliated employee organizations aimed at fueling and suppressing employee movements alternately. According to Mainali, these organizations neglected their duty to work for employee welfare and instead focused on transfers and promotions. Political parties began to accept their recommendations, weakening discipline.

Mainali also noted that the Communist Party of Nepal (Unified Marxist–Leninist) had the most influence among employee organizations. “UML was more proactive than other parties. While nepotism existed in Congress, UML relied more strongly on party loyalty and aimed for partisan infiltration of administration,” he said.

Implementation Challenges of the Abolition Decision

Article 34(3) of the Constitution of Nepal guarantees every worker the right to form and join trade unions and engage in collective bargaining. Additionally, Section 53 of the Civil Service Act 2049 outlines trade union provisions. Proponents of trade unions argue these legal provisions necessitate their continued existence.

Former chair Punya Prasad Dhakal emphasized management’s role, stating, “An official trade union is necessary. The Constitution and national and international laws must be respected.” Constitutional expert and administrator Kashiraj Dahal clarified that national and international laws ensure rights for labor and capital-related trade unions but that policy-making officials should not have trade unions. “If all employees are given trade union rights, then judges and security personnel would also need to be accorded such rights.”

The government plans to draft a federal Civil Service Bill within 45 days. The bill had previously stalled during the federal parliament’s legal process. However, implementation is expected to face significant challenges. Administrator Dahal recommends thorough legal amendments to ensure effective policy implementation following the government’s decision.

Court Grants 5-Day Custody Extension for Oli and Lekhak to Continue Investigation

March 24, Kathmandu – The court has authorized the continued detention of CPN-UML Chairman and former Prime Minister KP Sharma Oli, along with Congress leader and former Home Minister Ramesh Lekhak, for further investigation. On Sunday, Judge Anand Prasad Shrestha of the Kathmandu District Court issued an order to extend their custody by 5 days, according to information provided by Deepak Kumar Shrestha. The government prosecutor had requested custody for up to 10 days for investigative purposes.

The protests of September 7 and 8, known as the Janajati agitation, were subject to suppression. At the time, KP Sharma Oli was the Prime Minister and Ramesh Lekhak was the Home Minister. The commission formed to investigate the repression during the agitation recommended criminal proceedings against Oli and Lekhak. Based on these recommendations, the necessary arrest warrants were issued and both were taken into custody on Saturday morning. Lekhak appeared in court in person today, while Oli joined virtually from Tribhuvan University Teaching Hospital due to health concerns.

महेश बस्नेत – Online Khabar

Mahesh Basnet Alleges Conspiracy to Arrest Him

Mahesh Basnet, Secretary of the CPN-UML, has claimed that there is a conspiracy to arrest him. He stated that this plot is aimed at weakening the movement against party Chairman KP Sharma Oli. Basnet revealed that a false complaint was lodged against him three years ago, which police later confirmed as fabricated. He added that a supplementary complaint has since been registered and the case is currently under review.

Basnet accused Home Minister Sudan Gurung of orchestrating efforts to file information against him, saying, “There is a conspiracy to arrest me to undermine the retaliatory protests against our Chairman, KP Sharma Oli.” He explained that three years ago, a fake individual was presented by a third party to lodge a false complaint against him, which was subsequently proven fake through police investigation.

He further stated, “This act is a wrongdoing executed under the authoritarian style of the government led by Balendra Shah and the leadership of Home Minister Sudan Gurung.” Basnet denied rumors claiming he was unreachable or absconding, calling such reports entirely false and misleading. He also accused these rumors of being spread deliberately to confuse public opinion.

Koshi Province Assembly Demands Release of Oli and Lekhak

Members of the Koshi Province Assembly have demanded the release of former Prime Minister KP Sharma Oli and former Home Minister Ramesh Lekhak. The assembly members allege that these leaders were arrested as a form of political retaliation, criticizing the commission’s report formed to investigate the events of Bhadra 23 and 24 as biased. They have also warned of the risk that the new government may destabilize the country by taking political revenge against opposing leaders.

Biratnagar, 15 Chaitra – Lawmakers from Koshi Province have called for the immediate release of former Prime Minister and CPN-UML Chair KP Sharma Oli and former Home Minister and Nepali Congress leader Ramesh Lekhak. Both were detained on Saturday on charges related to the suppression of events that occurred on Bhadra 23 and 24. During Sunday’s provincial assembly session, members condemned the arrests as politically motivated and demanded their release.

Assembly members Dolma Tamang, Sirjana Rai, Kishorchandra Dulal, Meena Shrestha, Geetadevi Regmi, Khageshwari Paudel, and Home Bahadur Thapa stated that the new government’s move to initiate arrests is inappropriate and urged immediate release. They cautioned that such actions might lead to instability within the country. Speaking at the session, UML member of parliament Tilakumar Menyangbo described the arrests as objectionable and highlighted the risk that the commission’s report, tasked with investigating the Bhadra 23 and 24 incidents, could push the country toward conflict.

एमाले लुम्बिनी सांसद रेखा शर्मा पक्राउ – Online Khabar

Lumbini Province Assembly Member Rekha Sharma Arrested

News Summary

Prepared after editorial review.

  • Lumbini Province Assembly Member Rekha Sharma has been arrested by the Kathmandu Valley Crime Investigation Team in Dhumbarahi.

March 30, Kathmandu: Lumbini Province Assembly Member Rekha Sharma has been arrested.

The Kathmandu Valley Crime Investigation Team apprehended her a short while ago. She was arrested from Dhumbarahi, Kathmandu.

She faces allegations of keeping a minor girl at her home and subjecting her to child labor.

A file recommending no charges against Sharma was prepared by the District Government Attorney’s Office in Kathmandu and had passed through the Senior Government Attorney’s Office to the Attorney General’s Office.

During the rescue of the girl, representatives from the Metropolitan Municipality Police, ward officials, and the police themselves arrived at the scene and collected evidence.

What are the facts of the case?

Some interns attached to Kathmandu Metropolitan had been conducting a survey about the education of children studying in community schools but living separately from their parents. During this survey, it was discovered that the minor girl was being exploited through forced labor.

The minor girl, who had been living and working at Assembly Member Sharma’s house for six years, reported being physically abused.

According to the minor, the landlord’s family (the family of Province Assembly Member Rekha Kumari Sharma) would beat her with hands and sticks and force her to do chores such as mopping, cooking, and watering plants.

She also complained that she had not been allowed to visit her family for six years and was denied permission to return home even during the Dashain festival. The panel also held a private discussion with her when examining the survey documents. After detecting signs of torture, Kathmandu Metropolitan Municipality filed a police complaint against Assembly Member Sharma.

Given the dire condition of the minor, the Metropolitan Municipality task force rescued her and placed her in a protection home. During the rescue, the Metropolitan Police, ward representatives, and Nepal Police gathered evidence at the site.

The girl’s father arrived in Kathmandu and filed a habeas corpus petition in the Supreme Court.

Stock Market Drops 71 Points Following Formation of New Government

The stock market declined by 71 points to close at 2,879 NEPSE points on the first day after the new government was formed. Despite the market drop, the total transaction volume reached NPR 1.503 billion, higher than last Thursday’s figures. A brokerage firm director attributed the market decline to the impact of crackdowns and protests on investor sentiment. Kathmandu, 15 Chaitra.

Following the formation of the new government led by Balendra Shah, the stock market opened with a 71-point loss, pushing the NEPSE index below the 2,900 mark. The market consistently moved downward throughout the day, ultimately settling at 2,879 points. Despite the decline in index points, transaction volume increased compared to last Thursday’s NPR 1.316 billion, reaching NPR 1.503 billion today.

Among stocks, 9 companies saw price increases, 256 companies experienced declines, and 1 company’s price remained unchanged. All sectoral indices recorded losses, with the finance sector dropping the most by 3.38%. Likewise, banking declined by 2.78%, development banks by 2.89%, hotel and tourism by 2.25%, hydropower by 2.21%, investment by 2.98%, life insurance by 2.20%, manufacturing and processing by 1.07%, microfinance by 2.11%, non-life insurance by 2.23%, others by 2.52%, and trade by 3.01%.

Six companies posted price gains of 10%. These companies include Reliance Spinning Mills, Super Khudi Hydropower, Rizline Energy, Suryakund Hydroelectric, Bhujung Hydropower, and Hotel Forest. CYC Nepal Laghubitta’s shares rose by 7.1%, and Solu Hydropower increased by 3.5%. On the other hand, companies witnessing price declines include Unique Nepal Laghubitta (-6.17%), Himal Dolakha (-5.45%), Abhiyan Laghubitta (-5.39%), and Mountain Hydro Nepal (-5.37%).

Among the actively traded stocks today were Ridi Power, Ngadi Group, Solu Hydropower, Shivam Cement, and National Hydropower. What caused the market to decline? Many had anticipated renewed enthusiasm following the new government’s formation, especially after its pro-private sector decisions. However, a brokerage firm operator pointed to crackdowns and ongoing protests as the primary reasons for the negative investor sentiment. He stated, “There was no significant reason for the market to drop today after the government’s formation considering the previous days’ gains, but the crackdowns and protests have negatively influenced investor psychology.”

He further explained that the market had previously reached a high level with profits, but with the uptick in crackdowns and protests recently, there was increased selling pressure on Sunday. Last week, NEPSE had risen by 73 points. A month ago, the index stood at 2,673 points, and at today’s open on Sunday, it was at 2,950 points. “Some investors wait for the right time to sell their shares. The new government’s formation provided an opportunity for easier large-scale sales, which might have contributed to the increased selling,” he added.