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Exchange Rates Rise Today for US, Australian, Canadian, and Singapore Dollars

May 20, Kathmandu – According to the foreign currency exchange rates set by Nepal Rastra Bank, the value of the US dollar, euro, and British pound has increased today. Similarly, the Australian dollar, Canadian dollar, Singapore dollar, and Japanese yen have also strengthened.

Today, the buying rate for the US dollar stands at NPR 152.84 and the selling rate at NPR 153.44. Yesterday, the US dollar buying rate was NPR 152.13 and the selling rate NPR 152.73.

The euro’s buying rate today is NPR 177.58 with a selling rate of NPR 178.28, compared to yesterday’s rates of NPR 177.19 (buying) and NPR 177.88 (selling). The British pound sterling buys at NPR 205.62 and sells at NPR 206.43 today, while yesterday’s rates were NPR 204.90 (buying) and NPR 205.70 (selling). The Swiss franc’s buying rate is NPR 193.75 and selling rate NPR 194.51.

The Australian dollar’s buying rate today is NPR 109.58 and selling rate NPR 110.01, up from yesterday’s NPR 109.26 (buying) and NPR 109.69 (selling). The Canadian dollar is now bought at NPR 110.33 and sold at NPR 110.76, compared to yesterday’s NPR 109.83 (buying) and NPR 110.26 (selling). The Singapore dollar’s buying rate is NPR 119.25, selling at NPR 119.72, up from yesterday’s NPR 118.98 (buying) and NPR 119.45 (selling). The Japanese yen (per 10 units) is bought at NPR 9.56 and sold at NPR 9.60 today, slightly higher than yesterday’s NPR 9.52 (buying) and NPR 9.56 (selling).

View today’s exchange rates below:

Surendra Pandey Urges Urgent Leadership Change Within the Party


20 Jestha, Butwal – Nepali Congress leader Surendra Pandey has emphasized the urgent need for a leadership overhaul within the party. Speaking at a press conference organized by Press Chautari Rupandehi in Butwal on Wednesday, Pandey stated that the results of the recent election served as a major warning and have placed the party in a difficult position.

“The party must change its leadership as soon as possible because we are currently facing challenging circumstances,” he said. “If we fail to understand the public’s warning and remain complacent, the party will weaken even further in the days ahead.”

Pandey stressed the necessity for a radical transformation in the party’s operation style to keep pace with the evolving political and technological environment. “Reformation alone is no longer sufficient; we need a revolution—not only in leadership but also in the organizational structure,” he asserted.

According to Pandey, every leader and party worker should be prepared to relinquish their positions to facilitate this leadership change, emphasizing that the priority is changing the leadership itself rather than debating who should step down.

He recognized the current era as one dominated by artificial intelligence (AI) and digital technologies and called for transforming the party from its traditional physical setup into a digitally-driven organization.

Pandey pointed out that society is continually changing, and consequently, the party’s ideology, leadership development methods, and organizational culture need timely reforms. “Since Madan Bhandari’s time, the world and society have undergone significant changes, so the party must adapt as well,” he said. He remarked that during the last election, while the party reached out to voters and activists door-to-door, other parties had already contacted voters abroad by phone. Therefore, moving forward, the party must be able to communicate its ideas and agenda digitally rather than relying solely on physical meetings with voters and workers.

Acknowledging the party’s current status quo is insufficient to advance its movement, Pandey revealed that a task force has been formed to study and gather suggestions for organizational reforms.

Regarding party leadership, Pandey stated that Nepali Congress chairman KP Sharma Oli should consider stepping down after factoring in the party’s poor election results, his age, and health conditions. “The chairman himself is likely reflecting on this. He has transitioned from leading the party with 174 parliamentarians and serving as prime minister to leading a party with just 25 lawmakers. What does this declining graph imply? Can he sustain this in the remainder of his political life? I hope he takes a mature decision considering these election results, age, health, and other challenges,” he said.

Highlighting the significant challenges of lifting the party from its current situation, Pandey reiterated that all leaders and workers should be ready to step down to enable a leadership change.

‘No Innovation in the Budget’

Former Finance Minister Pandey criticized the budget presented by the government for the upcoming fiscal year, calling it uninspired. Although the budget size has increased by 25 percent, he claimed it lacks any plans for transforming the state’s nature.

He described the budget’s implementation as challenging, noting that it merely carries forward old programs with new terminology and does not announce any fundamental transformations. “The budget is just a continuation of previous plans despite the high hopes and stakes people have,” Pandey said.

Although the budget focuses on the middle class, he argued it fails to protect the interests of lower-income groups or encourage private sector investment.

He questioned how the country can progress when only 1.5 trillion out of a 21 trillion capital expenditure budget was actually spent in the current fiscal year.

Pandey firmly asserted that there is no basis for the government to meet its declared economic growth targets.

List of 100 Defaulters of Kantipur Saving and Credit Cooperative Published (Full List Included)

News Summary

Editorial review completed.

  • The Office of the Management Committee of the Problematic Cooperative has publicized the names of 100 defaulters of the problem-declared Kantipur Saving and Credit Cooperative Limited.
  • The Secretariat has urged individuals who have fully repaid their loans but appear on the list to come forward with proof, and has requested the remaining defaulters to repay their loans promptly.
  • The committee has warned that if loans are not repaid, legal action will be pursued for recovery.

Jestha 3, Kathmandu – The Office of the Management Committee of Problematic Cooperatives has published a list of 100 defaulters of Kantipur Saving and Credit Cooperative Limited, which has been declared problematic. The committee stated that the decision to publish the list was made on Jestha 20, 2083 BS (August 3, 2019 AD).

The information has been disclosed based on members’ loan records. The committee has already requested those who have fully repaid their loans but whose names appear on the list to present proof.

Similarly, defaulters who still have outstanding loans are urged to contact the committee’s office and settle their dues in a timely manner. The committee has warned that legal proceedings will be initiated if payments are not made.

The primary objective of the Problematic Cooperative Management Committee in publishing this defaulter information is to recover cooperative funds and protect the interests of the depositors.

List of 100 defaulters of Kantipur Cooperative:

 

Lift Irrigation Technology Brings Drinking Water to Halesi Tuwachung, Benefiting 31 Families

May 3, Khotang – Following the implementation of the ‘One House, One Tap’ program in Salle, Ward No. 9 of Halesi Tuwachung Municipality, local residents have started enjoying improved water access. The drinking water project, constructed with financial and technical support from the Gorkha Welfare Trust, is now operational and benefits 31 Magar households in Salle.

The project implemented in the drought-prone area utilizes lift irrigation technology, with a total cost of NPR 5.3 million. Of this amount, the Gorkha Welfare Trust contributed NPR 4.6 million, while local users provided labor and cash support valued at NPR 700,000, according to Ward Chairperson Kashiraj Rai.

The consumer committee overseeing the project reported that water is drawn via lift irrigation from the large Pandhero spring and distributed to the settlement. After years of struggling with water shortages, the 31 Magar families can now access clean drinking water right within their own household compounds.

Kedar Rai, Senior Officer of the Gorkha Welfare Society in Dharan, informed that the construction of the system using lift irrigation technology was completed and handed over to the municipality within 72 days. The project has installed individual connections to 26 houses and set up two public water taps. Local residents expressed relief that they no longer need to walk long distances daily to fetch water following the launch of this lift irrigation water supply.

– RASAS

Election Process Advances for Nepal Foreign Employment Entrepreneurs Association

The election process for the Nepal Foreign Employment Entrepreneurs Association has progressed following directives from the District Administration Office Kathmandu. Dissatisfaction with the leadership style of the association’s chairman, Bhuvansingh Gurung, led two-thirds of the office bearers to collectively resign. A management committee formed under the leadership of advisors has decided to hold a special general assembly and elect a new executive committee on 24 Jestha.

The election procedure was advanced after the mass resignation of two-thirds of the office bearers from the Nepal Foreign Employment Entrepreneurs Association. The District Administration Office Kathmandu instructed the dissolution of the executive committee led by Chairman Bhuvansingh Gurung, formally initiating the process for electing a new executive committee. The management committee informed about the election progress during a press conference held today.

Pursuant to Article 26 (4) (b) of the association’s bylaws, a management committee led by advisors was formed. This committee announced the advancement of the election process, including a special general assembly scheduled for Jestha 24. Rajendra Bhandari, the outgoing chairman and management committee member, explained that the management committee was constituted following the collective resignation of two-thirds of the association’s office bearers in accordance with the bylaws.

Currently, the collection of representatives for the upcoming election is ongoing. Bhandari has requested entrepreneurs to participate in the election, which will take place under special circumstances, to select new leadership. The management committee urges all entrepreneurs to engage in the democratic process, contributing to the association’s stability, institutional development, and the formation of capable leadership.

President Emphasizes the State’s Role in Instilling Confidence in Sports as a Future Path

May 3, Kathmandu – President Ram Chandra Paudel stated that sports play a vital role in strengthening mutual friendship, brotherhood, and relations, thereby deepening the sense of national unity. He emphasized that sports also significantly contribute to expanding international relations.

Addressing the inauguration ceremony of the 16th President’s Running Shield Competition organized by the National Sports Council on Wednesday, President Paudel highlighted that in today’s era, sports serve not only as a platform for competition, profession, fame, and recognition but also as a powerful means for an individual’s holistic development.

“Sports cultivate discipline, cooperation, leadership, self-confidence, and form the foundation of national unity,” he said.

President Paudel pointed out the growing enthusiasm for sports in Nepal and stressed the need for the state to instill the feeling that “my future is secure” through sports competitions in these times.

“Starting from the school level, there should be no hesitation in continuously organizing such competitions at federal, provincial, and local levels, linking sports with education to foster and expand sports culture,” he added.


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Customs Duty Reduced on Unassembled Bike Parts from 200cc to 250cc

The government has reduced the customs duty on imported motorcycle parts to boost motorcycle production within Nepal. Under the new regulation, the customs duty on motorcycle parts ranging from 200cc to 250cc has been set at 30 percent, a decrease of 10 percentage points. Conversely, the customs duty on parts for motorcycles between 250cc and 500cc has been increased by 10 percent, reaching 80 percent.

May 3, Kathmandu – The government has adjusted the customs duty on imported parts to encourage complete motorcycle manufacturing in Nepal. This new policy was implemented through the upcoming fiscal year’s budget. The revised customs rates took effect starting May 30, the day after the budget announcement on May 29, reducing the tax on imported parts used in locally assembled motorcycles by 10 percentage points.

Previously, parts imports for motorcycles between 200cc and 250cc were taxed at 40 percent in the current fiscal year, but the rate has now been lowered to 30 percent for the coming fiscal year. However, for parts ranging from 250cc to 400cc, the duty has been increased by 10 percent from 70 percent to 80 percent. Similarly, parts for motorcycles with engine capacities from 400cc to 500cc now face an increased duty of 80 percent.

Manufacturers such as Royal Enfield, Honda, Yamaha, Hero, TVS, and Bajaj import parts and assemble motorcycles locally. These companies have established assembly plants within Nepal, where they assemble bikes from imported components, contributing to domestic production growth.

Two Children Drowned in Flash Flood While Returning from School in Rolpa

20 Jestha, Rolpa – Two children lost their lives after being swept away by a flash flood in the Khahare River in Ratamata area, Gangadev Rural Municipality-6, Rolpa district. On Wednesday evening, the flash flood struck as the children were returning home from school. The victims were 7-year-old Gopal Khadka, son of Nimbahadur Khadka, and 6-year-old Samir KC, son of Sarvajeet Khatri, both residents of Ratamata. The incident was reported around 5:45 pm (quarter to 6), after which police from the Jinawang Area Police Office immediately reached the site. Additional teams from the Ghartigaun Area Police Office also joined the rescue efforts, according to Inspector Sunil Thapa Nepali, Public Information Officer of the Rolpa District Police Office.

Open Basketball Tournament in Nakhipot to Begin This Sunday

The fifth Nakhipot Open Men’s and Women’s Basketball Tournament, organized in collaboration with Nakhipot Youth Club, is set to commence this Sunday. The organizers have confirmed participation from 18 men’s teams and 7 women’s teams so far. The tournament will be held under the primary sponsorship of Lalitpur Metropolitan City Ward No. 14, with the final match scheduled for Jestha 30.

Indrajit Limbu, president of the organizing club, announced at a press conference on Wednesday that team registrations will remain open until Friday, allowing for additional entries. The men’s competition will follow a knockout format, while the women’s teams will compete under a league-cum-knockout system. The defending champions are Nepal Army in the men’s category and Mountain Movers in the women’s category.

Each team is permitted to contract up to three foreign players, although only two may play on the court simultaneously. Vinod Shrestha, club member and tournament coordinator, confirmed that since both participating teams are from Dharan, ‘John and The Local Band’ and ‘Dharan Team’ have secured their spots. This marks the first time teams from outside the Kathmandu Valley are participating.

The men’s champion will receive a cash prize of NPR 100,000, with the runner-up awarded NPR 50,000. In the women’s category, the first-place team will earn NPR 50,000, while the second-place team will get NPR 25,000. The ‘Most Valuable Player’ in the men’s bracket will be awarded NPR 20,000, and NPR 15,000 in the women’s category. Emerging male and female players will each receive NPR 10,000 in cash prizes. Sujan Rai, treasurer of the organizing club, announced that approximately NPR 1.5 million will be spent to run the tournament.

Foreign Employment Department Requests Details of Caregiver Training Graduates

The Foreign Employment Department has instructed training institutions to provide the details of individuals who have completed caregiver training within three days. The department has opened applications from Jestha 17 to Asar 7 to send 2,300 Nepali assistant workers to long-term care centers in Israel. Due to previous issues with fraudulent certificates being submitted, the department plans to pre-register these details this time.

Jestha 20, Kathmandu – The Foreign Employment Department has requested details of individuals who have undergone caregiver training. The department has asked caregiver training providers to submit records of all trainees from the start to the present within three days. This request applies to institutions registered with CTEVT and NAVT to provide details of all caregiver trainees trained to date.

The department has called for applications to fill 2,300 quotas for Nepali assistant workers in Israel’s long-term care centers. For this purpose, it has sought the details of individuals who have received training from the caregiving training providers. Previously, on Asar 11, 2078, the second phase of caregiver recruitment was announced, seeking 2,000 applicants. At that time, some training providers were found to have issued certificates without actual training. Following this, the department conducted investigations and canceled applications of those holding fake certificates.

To prevent recurrence of the problem of applicants submitting fake certificates, the department has requested detailed records of all individuals trained from the beginning until now. The application period has been set from Jestha 17 to Asar 7. Currently, the application process is ongoing, and the department has stated that after the deadline, verification and selection procedures will commence.

Fire Breaks Out at Armed Police Headquarters MT Branch in Halchok, Several Vehicles Damaged

A fire broke out on Wednesday evening at the vehicle branch of the Armed Police Headquarters located in Halchok due to an electrical short circuit. According to the Armed Police, several vehicles were destroyed by the fire. Kathmandu, 20 Jestha. DIG Vishnu Prasad Bhatt, spokesperson for the Armed Police, reported the incident, stating, “There has been some damage. The fire is now under control.”

Nepal to Play Practice Matches Against Jersey Ahead of Upcoming ICC Cricket World Cup League 2 Series

The Nepal national cricket team plans to visit Jersey in July for practice matches ahead of the ICC Cricket World Cup League 2 series. According to the Cricket Association of Nepal, Nepal will play two one-day practice matches in Jersey on July 13 and 15. The League 2 competition involving Nepal, Namibia, and the Netherlands is scheduled to begin on July 21.

May 31, Kathmandu – The Nepal cricket team has finalized plans to tour Jersey in July for preparation before the ICC Cricket World Cup League 2 series. The Cricket Association of Nepal (CAN) has announced that the team will participate in a training camp in Jersey, including two one-day practice matches. The first match is set for July 13, followed by the second on July 15. Subsequently, the League 2 series featuring Nepal, Namibia, and the Netherlands will commence on July 21. Organizing these matches in Jersey aims to provide an ideal environment for Nepal’s preparation. In recent weeks, Nepal has completed two domestic series, winning six out of eight games, solidifying its position in the League 2 points table.

Customs Duty Exemption Limit Raised to NPR 500 for Goods Brought from India

The government has announced a new list specifying the items and their customs duty exemption limits that Nepali travelers can bring while going abroad. Nepalis returning after completing 12 months of foreign employment are now allowed to bring televisions up to 65 inches with duty exemption. For travelers crossing via land routes, the customs duty exemption limit has been increased from NPR 100 to NPR 500. Kathmandu, 20 Jestha — In accordance with arrangements related to Jhiti Guntha, the government has raised the value threshold for goods brought from India into Nepal to NPR 500. Previously, customs duties were applicable on goods valued above NPR 100, but the new financial bill has amended this limit upward. The prior NPR 100 limit had sparked nationwide protests because ordinary citizens were required to pay customs for goods exceeding that amount. The government has now increased this threshold through the budget.

Additionally, students studying in India can bring one laptop, tablet, or computer without being subject to customs duties. The government has released a new list of items that Nepali travelers are allowed to carry, most of which remain unchanged from last year’s list, with some modifications in items and limits. According to the Ministry of Finance, Nepalis residing permanently in Nepal can bring personal use items back from abroad with full customs exemption.

The exempted items include used clothing, bedding, household goods, old items, medicines brought for treatment, assistive devices used by physically disabled persons, and gold and silver jewelry within the limits specified in Schedule 4, Case 1 of the Customs Duty Act 2081. Additionally, one each of used tablets, laptops or desktop computers, watches, cameras, video cameras, and mobile phones can be imported duty-free. Nepali workers returning after 12 months of foreign employment are eligible for customs exemption on televisions up to 65 inches; previously, this exemption was available only to citizens listed in the Social Security Fund, who could bring a television of up to 32 inches duty-free. This exemption can be availed only once.

Two Dead, Nine Injured in Tractor Accident in Bhaktapur

News Summary

Prepared by AI, editorial review completed.

  • A tractor carrying laborers overturned near Manjushree Gumba in Changunarayan Municipality-8, Bhaktapur, resulting in two fatalities.
  • The tractor was returning after completing flooring work at a hotel in Kalmashi when its brakes failed, causing the accident.
  • The injured laborers are currently receiving treatment at local hospitals, according to police.

June 3, Kathmandu – A tractor carrying laborers met with an accident near Manjushree Gumba in Changunarayan Municipality-8, Bhaktapur. The tractor was returning towards Bhaktapur after completing flooring work.

The district police office in Bhaktapur reported that two laborers died after the tractor overturned and crushed them.

According to Bhaktapur Superintendent of Police Surya Bahadur Khadka, the tractor was carrying 12 laborers back from a hotel located in Kalmashi after finishing flooring work when its brakes failed, causing the accident.

The injured laborers are currently undergoing treatment in local hospitals, police added.

अविनाश र भागवतीले नयाँ जुनियर राष्ट्रिय रेकर्ड बनाएका छन्

अविनाश सुनारले बागमती प्रदेशबाट १६ औं केन्द्रीय राष्ट्रपति दौड शिल्डमा १.८६ मिटर उचाईमा उडेर केटाहरूको हाइ जम्पमा नयाँ जुनियर राष्ट्रिय रेकर्ड कायम गरेका छन्। भागवती खड्काले पनि बागमतीबाट ४०० मिटर दौडमा ५८.९४ सेकेन्डको समयमा नयाँ जुनियर राष्ट्रिय रेकर्ड बनाइन्। बागमतीका प्रविन राना र लुम्बिनीका गरिमा चौधरीले क्रमशः केटाहरू र केटीहरूको १०० मिटर दौडमा सुन्तला पदक जिते।

काठमाडौं, ३ जुन – अविनाश सुनार र भागवती खड्काले बुधबार १६ औं केन्द्रीय राष्ट्रपति दौड शिल्ड खेल प्रतियोगितामा नयाँ जुनियर राष्ट्रिय रेकर्ड बनाएका छन्। अविनाशले केटाहरूको हाइ जम्पमा र भागवतीले केटीहरूको ४०० मिटर दौडमा नयाँ रेकर्ड कायम गरे। दुवै खेलाडी बागमती प्रदेशका हुन्। त्रिपुरेश्वरको दशरथ रंगशालामा अविनाशले १.८६ मिटर उचाई पार गर्दै आफ्नो अघिल्लो रेकर्ड १.८२ मिटरलाई पार गरे, जुन उनले गत हप्ता बागमती प्रदेश स्तरको राष्ट्रपति दौड शिल्डमा बनाएका थिए।

कोशी प्रदेशका ट्यांक यादव दोस्रो स्थानमा रहे भने गण्डकी प्रदेशका सानुन चौधरी तेस्रो स्थानमा रहे। केटीहरूको हाइ जम्पमा गण्डकी प्रदेशका आराध्या चालिसे र सुदूरपश्चिम प्रदेशका सुनिता पार्कीले १.४३ मिटर उचाईमा पहिलो स्थान साझा गरे। कोशी प्रदेशकी सुस्मिता बस्नेत तेस्रो स्थानमा रहिन्। भागवती खड्काले ४०० मिटर दौडको हीट ५८.९४ सेकेन्डमा पूरा गर्दै नयाँ रेकर्ड बनाइन्। अघिल्लो रेकर्ड सुदूरपश्चिम प्रदेशकी सङ्गिता बिकको १ मिनेट ०१.१९ सेकेन्ड थियो। फाइनलमा भागवतीले ५९.११ सेकेन्डको समयमा सुन्तला पदक जितिन्।