Wednesday, September 30, 2015

Private vehicles not to get fuel from tomorrow

Que in Army Petrol pump Bhadrakali Kathmandu
 With fuel crisis deepening in the country, Nepal Oil Corporation is further cutting down the distribution of petroleum Products to private vehicles.

Only government office vehicles, public vehicles and vehicles carrying daily essentials will be liable to get fuel, said NOC spokesperson Laxmi Prasad Dhakal.

School buses also will not get petrol.
NOC was distributing petroleum products to private vehicles on the quota system before.

Tuesday, September 29, 2015

Fuel shortage hits hard Education Institute in Kathmandu Valley

The fuel shortage has badly affected schools/colleges in the Kathmandu Valley since the past few days. The attendance at schools has also declined as fewer vehicles are plying on the roads due to government's directive to operate vehicles on alternate days to lessen the impact of fuel crises.

The school buses have not been able to secure adequate petroleum products as promised, resulting in difficulty to transport students.According to Ramesh Silwal, Vice-Chairperson of the Higher Secondary School's Association- Nepal (HISSAN),  the government announced to provide 20 liters of petrol to each school vehicle, it is not clear where the fuel will be provided. they have requested the Ministry of Home Affairs to facilitate the refueling of the school,  he added.

 Recently, Nepal Oil Corporation (NOC) on Tuesday has sent a letter to the Indian Oil Corporation (IOC), country's sole petroleum products provider, demanding clarification for not refilling 151 oil tankers from four customs. If the problems not solved, situation comes to close schools and colleges in few days.

Monday, September 28, 2015

Nepal Oil Corporation distributing petroleum products from 11 different petrol pumps

  Nepal Oil Corporation (NOC) is distributing Fuels from 11 different petrol pumps in the Kathmandu Valley on Today. Owing to the blockade, the shortage of fuel and other essentials is gradually hitting the Kathmandu denizens and Nepalis across the country.

Spokesperson of NOC Deepak Baral said that the corporation is distributing 240,000 liters of diesel and 108,000 liters of petrol from 11 petrol pumps today. NOC is distributing petroleum products from following pumps.

  • Armed Police Force Headquarter, Halchowk
  • Sajha Petrol Pump, Swayambhu
  • National Trading, Teku
  • Army Camp, Bhadrakali
  • Police Headquarter, Naxal
  • Sajha Petrol Pump, Balkhu
  • Sajha Petrol Pump, Pulchowk
  • Indreni Petrol Pump, Sanepa
  • Army Pump, Lagankhel
  • Madhyapur Oil, Thimi
  • Guheshwori Fuel Center, Thimi
Distribution on Quota system
NOC implemented quota system on petrol products, coming into effect from today, four days after the unofficial blockade imposed by India on the major customs checkpoints at the Nepal-India border.
 According to the new plan, two-wheeler owners will get three liters. While a private four-wheeler will get 10 Litters per Week. Public vehicles can buy up to 30 litres every alternate day. "A taxi can purchase 10 liters, a bus 30 liters, and micro- and mini-buses 20 litres each." Buses belonging to schools or colleges can access 20 liters every alternate day.
Petrol stations have been instructed to keep records to avoid duplication. "Dealers will have to indicate the quantity of fuel on the vehicle registration book," Baral said.

Thursday, September 17, 2015

Indian Foreign Secretary S Jaishankar is coming tomorrow

Indian Foreign Secretary S Jaishankar is coming tomorrow Prime Minister Narendra Modi's Special Envoy. He will take stock of Nepal’s political environment and convey message on behalf of Modi.


President’s office sources said that Ambassador Rae had discussed Nepal’s latest political situation, preparation for promulgation of constitution and protest from Madhesi leaders during his meeting with President Yadav this morning.

Indian Ambassador to Nepal Ranjit Rae met President Ram Baran Yadav this morning before flying to Delhi. He met PM Modi and Jaishankar in Delhi later in the day. Indian External Affairs Minister Sushma Swaraj and National Security Advisor Ajit Doval were also present during the meeting.


Sunday, September 13, 2015

IPO of 4 Hydropower, 2 Dev Bank and 1 Microfinance are coming soon

4 Hydropower, 2 Dev Bank and 1 Microfinance have filed application at the Securities Board of Nepal (SEBON) seeking permission to issue their Initial Public Offering (IPO).

The Hydroelectricity Investment and Development Company Limited will be floating IPO worth Rs 2 arba. The issue manager for this issue will be Citizen Investment Trust. The company had applied for the IPO on Feb 05, 2015.

Similarly, Khanikhola Hydropower Company Limited is in the row to float the IPO worth Rs 4.65 crore to the local residents. Ngadi Groups Power limited and Synergy Power Development Limited , which will issue the IPO worth Rs 4.86 crore and Rs 7 crore respectively. Civil Capital Markets and NIBL Capital Markets are issue manager for the IPO respectively.

Likewise, Samabridhi Bikas Bank is in the process to float the IPO worth Rs 3 crore and Growmore Merchant Banker will be managing its IPO. Nepal Industrial Development Corporation will be issuing worth Rs 18.41 crore.
Another much-awaited IPO is that of Mero Microfinance Bittiya Sanstha Limited which is seeking to float the IPO worth Rs 6.12 crore. Global IME capital Limited will be managing its IPO


Saturday, September 12, 2015

Solar power station to illuminate Mustang

A handover ceremony of Solar Energy Power Station Project, built with the grant of the Government of Tibet Autonomous Region of China, took place at Lomanthang of Mustang district on sept 11.
The handover document was signed by Baldeb Joshi, the local development officer of Mustang, and Ma Qinsheng, deputy director general of Foreign and Overseas Chinese Affairs Office of Tibet Autonomous Region of China.

“This support has greatly helped in the livelihood as well as socio-economic development of the people in the districts. Such cooperation has substantially contributed to develop friendly relations between the peoples of the two countries,” said the statement issued by the Ministry of Foreign Affairs.
According to the statement, the total capacity of this power project is 70 kilowatts and provides power to 221 households of around 1,400 people in the area.

Friday, September 11, 2015

Bijaya Kumar Pandey to be awarded Madan Puraskar for 'Khushi'

Bijaya Kumar Pandey

Journalist Bijaya Kumar Pandey was announced as the winner of the highly esteemed Madan prize for the Nepali year 2071 on Friday, sept 11.

Khushi is a beautiful book based on the writer's memoirs, essays, and portraits. Vijaya host's the most watched talk show in Nepal, inks his own life in this memorable work. The writer has touched almost every issue of human life, starting from alcoholism to power, money, sex, and spirituality.

Anjur Baba Joshi
The Madan Puraskar Trust announced Pandey as the winner for the year for his memoir 'Khushi'.
They also announced that Angur baba Joshi a great Nepali lady won the year's Jagadamba Shree prize, which is awarded to a person for his / her lifetime achievements.

Thursday, September 10, 2015

Patient's relatives manhandle Patan hospital doctors


Patan hospital turned tense on Thursday, sept 10. According to the hospital administration, the dispute arose in connection to arranging an ambulance for a patient recently discharged from the hospital.

The hospital administration said that the  relatives, who were asked to look for the ambulance after their ward was discharged, entered an argument with the doctors stating that it was not their duty to arrange for the ambulance.

Wednesday, September 9, 2015

Woman died after failed to find a bunch of keys

A woman in Mahotarri came primary health center for treatment for snake bite died after the health center failed to find a bunch of keys of the room where anti-venom were stored. Pipriadevi Sahni age of 55 from Bharatpur-3. Sahani, passed away.

 Dr Ashok Kumar Yadav, in charge at the health post, admitted that Sahani died for lack of timely treatment due to the utter negligence of the center as they could not locate the keys of the health post on time.
Family members of Sahani have refused to receive the body of the deceased body until they were given compensation and action taken against the guilty.

Tuesday, September 8, 2015

Dr Harihar Dev Panta 'Father of microfinance of Nepal' passes away


Dr Harihar Dev Panta, who is known as the ‘father of microfinance in Nepal,’ passed away at his house in Anamnagar, Kathmandu on Monday evening. He was fighting lungs cancer since long time.
Dr. Harihar Dev Pant holds a PhD in Economics.

He has been a Micro finance Practitioner for the last 18 years. He is considered a pioneer of the microfinance sector in Nepal, having introduced the Grameen Bank Financial System in Nepal through Nirdhan and Grameen Bikas Banks. Presently he is the Chairman and Chief Exectuive Officer of Nirdhan Utthan Bank Ltd., the biggest microfinance bank in Nepal. He was the first Chairman of the first two Grameen Bikas Banks in Nepal, Purbanchal Grameen Bikas Bank and Sudur Paschimanchal Grameen Bikas Bank. Before entering into the micro finance arena, Dr. Pant worked for 26 years in the Research, Banking Regulation, and Supervision Departments of Nepal Rastra Bank, and resigned as Deputy Governor in 1995. He has also worked as a member of the Board of Directors of Nepal Bank Ltd., Rastriya Banijya Bank, Nabil Bank and Agriculture Development Bank. From 1991 to 1993

Mr. Panta also worked as a Research Advisor to the Central Bank of Gambia, in East Africa, under the International Monetary Fund technical assistance program.

Monday, September 7, 2015

Govt Asks Employees not to disrupt the Communal Identity

The Office of the Prime Minister has issued a statement asking the government employees to not post materials that are likely to disrupt comminual identity in social networking sites like Facebook and Twitter on Monday. The statement is signed by the Office's spokesperson and joint secretary Uttam Kumar Khatri. Various posts in social networking sites have contributed to creating communal discord and have influenced social security as well, the statement reads. It also requests the employees to refrain from sharing or liking such materials posted by others.

Sunday, September 6, 2015

RPP-N take out rally for Hindu state

The Rastriya Prajatantra Party-Nepal (RPP-N) has taken out a Rally leading by RPP-N chairman Kamal Thapa, demanding that the new constitution declare Nepal as a Hindu nation on Sunday. The Rally which started from Babarmahal has reached the New Baneshwor, where it has convened into a corner assembly. The top three parties on Saturday 5 sep night decided to give continuity to secularism in the new constitution. They also agreed to provide description of religions followed in Nepal in the new statute.

Saturday, September 5, 2015

Patrol Sortage in Kathmandu Only a Rumor

Nepal Oil Corporation (NOC) claimed that the shortage of petroleum products in Kathmandu was a rumor. According to source today said that the rumor spread after series of banda in the Kathmandu Valley hampered the supply of the petroleum products here. Nowadays no petrol written most of the petrol pump.

Friday, September 4, 2015

Families of policemen killed in Tikapur incident to get......

The Nepal Police has said Rs 1 million each as financial relief to the families of police personnel killed during clash with protesters in Tikapur of Kailali district.A press statement issued by the Nepal Police Headquarters on Thursday stated that the ‘Nepal Police Relief Fund’ would provide Rs 1 million each to the families of Senior Superintendent of Police Laxman Neupane, Police Inspectors Balram Bista and Keshav Bohara, Head Constables Shyam Bahadur Khadka and Janak Bahadur Negi and policeman Lokendra Bahadur Chand. They announced also that the children of the deceased police personnel would be given scholarships for their higher studies. Likewise, the Fund would bear treatment costs of the injured policemen and run income generating program run for them

Thursday, September 3, 2015

Nepal Credit & Commercial (NCC) Bank Limited is distributing 38% Bonus Share Certificate to its shareholders

Nepal Credit & Commercial (NCC) Bank Limited is distributing 38% Bonus Share Certificate to its shareholders from today (15th Bhadra, 2072). All its Shareholder can collect their certificate from NCM Merchant and Banking Limited, Kamalpokhari, Kathmandu.

China to cut 300,000 troops by 2017

China declared it will cut the number of its standing troops by 300,000 by the end of 2017 on Thursday, in its latest effort to build slimmer but stronger armed forces. Yang Yujun, spokesman of China's Defense Ministry, made the announcement at a press conference hours after President Xi Jinping, also chairman of the Central Military Commission, pledged the military cuts at a massive military parade commemorating the end of WWII. According to him, move will mainly target troops equipped with outdated armaments, administrative staff and non-combatant personnel, while optimizing the structure of Chinese forces. Even after the reduction, China's military will still be the world's largest, which meets China's practical needs, Yang said. Aside from safeguarding national unity and territorial integrity, China needs a military to undertake non-military tasks such as disaster relief, peacekeeping and international rescue, he said.Concerning China's defense budget, Yang said it will be kept on a proper level to meet various needs including expenditure on new armaments, information technology and soldiers' salaries. When debate about whether the money saved from downsizing will be used to develop other weapons, the spokesman reiterated China's defensive nuclear policy, saying it won't use nuclear weapons first and China advocates peaceful exploration of outerspace. China announced in March a 10.1-percent rise in national defense budget in 2015, the lowest growth in five years. Yang noted the military cut announcement will underline China's bonafide and wish to uphold peace, achieve common development and share prosperity with other nations. He also told the press conference that "more reform measures will be released.

Wednesday, September 2, 2015

Nabil Balanced Fund-1 Net Asset Value 18.26 per unit

Nabil Balanced Fund-1 share price stands Rs 18.26 per unit for Shrawan month, which is Rs 2.39 more than Ashar month.
The net profit is Rs 17 crore 90 lakh which is 283% more in comparison to Ashar month.During the same period the company’s received income is Rs 17 crore . 

Tharu lawmakers unite of NC press leadership

Resubmitting the demands to Prime Minister and party president, Sushil Koirala in the meeting of the party's parliamentary party today, a team of 58 lawmakers  warned that they would file amendment proposals on the Bill of the new constitution against party directives to do so if the leadership fails to address their demands.

Earlier, the CA members from Madhesh and Tharu communities had submitted 5-point memorandum including demands on state delineation, electoral constituency determination, ending inequality on citizenship provision and ensuring proportional representation in all sectors.
Arguing that the top parties cannot move ahead with the constitution drafting process by neglecting the demands of the Madhesi and Tharu communities, lawmakers including minister Bimalendra Nidhi warned that they would file individual amendment proposals on the Bill of the new constitution if the leadership fails to address their demands.
The lawmakers also expressed confidence that implementing the 5-point demands would address the dissatisfaction that have surfaced in the Terai-Madhesh currently.

Although the CA does not permit the parties to issue whips, NC had given directives to its lawmakers to not file amendment proposals on the Bill of the new constitution.
The 5-point demand include demarcating two provinces in Terai, determining electoral constituencies based on population, equal treatment to citizenship based on descent and naturalized citizenship, proportional representation in all state bodies and forming constitutional commissions to safeguard minority groups and communities.