Speaker calls all-party meeting for 10 am today
Bagmati Province Assembly Speaker Bhuwan Kumar Pathak has called for an all-party meeting today.
Speaker Pathak has called an all-party meeting for 10 am on Sunday to discuss the conduct of the provincial assembly meeting. It may be noted that the meeting has been stalled following the objection of opposition parties including UML.
A meeting of the provincial assembly has also been called for 11 today, with the probability of a consensus being reached from the all-party meeting. The provincial assembly meeting has not been held since July 7.
The provincial assembly meeting called for September 4 was postponed three times after the government and opposition parties failed to reach an agreement.
Good Reads
Better Than The Movies
Lynn Painter
Romance | Young Adult
Perpetual daydreamer Liz Buxbaum gave her heart to Michael a long time ago. But her cool, aloof forever crush never really saw her before he moved away. Now that he’s back in town, Liz will do whatever it takes to get on his radar. Wes has only been a pain in Liz’s butt since they were kids. Pranks involving frogs and decapitated lawn gnomes do not make a potential boyfriend. Yet, somehow, Wes and Michael are hitting it off, which means Wes is Liz’s in.
But as Liz and Wes scheme to get Liz noticed by Michael so she can have her magical prom moment, she’s shocked to discover that she likes being around Wes. And as they continue to grow closer, she must re-examine everything she thought she knew about love – and rethink her own ideas of what happily ever after should look like.
Kathmandu Dilemma: Resetting India-Nepal Ties
Ranjit Rae
Non-Fiction | Politics
The first two decades of the new millennium have witnessed a dramatic socio-political transformation in Nepal. A violent Maoist insurgency ended peacefully, a new constitution abolished the monarchy and established a secular federal democratic republic. Nevertheless, political stability and a peace dividend have both remained elusive. Nepal is also buffeted by changing geopolitics, including the US-China contest for influence and the uneasy relationship between India and China. As a close neighbor, India has been deeply associated with the seminal changes in Nepal, and the bilateral relationship has seen many twists and turns. Partly a memoir, this book examines India’s perspective on these developments, in the context of the civilizational and economic underpinnings of the India-Nepal relationship, as well as issues that continue to prevent this relationship from exploiting its full potential.
Know My Name
Chanel Miller
Memoir | Feminism
She was known to the world as Emily Doe when she stunned millions with a letter. Brock Turner had been sentenced to just six months in county jail after he was found sexually assaulting her on Stanford’s campus. Her victim impact statement was posted on BuzzFeed, where it instantly went viral. Thousands wrote to say that she had given them the courage to share their own experiences of assault for the first time. This is her story of trauma, transcendence, and the power of words. Her story illuminates a culture biased to protect perpetrators, indicts a criminal justice system designed to fail the most vulnerable, and, ultimately, shines with the courage required to move through suffering and live a full and beautiful life. Know My Name will forever transform the way we think about sexual assault, challenging our beliefs about what is acceptable.
Agriculture Census 2021/22: Agricultural land in the country has decreased over the past decade
In what could be an eye-opener for policymakers and the government, the Agriculture Census 21/22 has shown that the agricultural land in Nepal has decreased in the last decade. The census made public by the National Statistics Office (NSO) on Thursday shows agricultural land in the country has reduced by 0.3m hectares in the last 10 years.
The census says the total area of agricultural land holdings in Nepal in FY 2021/22 stood at 2.22m, down from 2.52m in FY 2011/12.
According to the census, while the number of families involved in farming has increased, it has been seen that the arable land is decreasing. The number of families involved in agriculture has increased by 0.3m to 4.13m in FY 2021/22 from 3.36m in FY 2011/12.
The land has become more fragmented over the years, according to the census. In the last 10 years, both the total number of land parcels and the average number of land parcels per holding have decreased. “In 2021/22, the total number of parcels is 11,583.9 thousand and the average number of parcels per tenant is 2.8,” says the census. The average parcel size has decreased from 0.21 hectares in 2011/12 to 0.19 hectares in 2021/22.
Most of the agriculture holdings in Nepal are owned and operated by the owners themselves. The census shows 81.6 percent of land holdings are fully owned, 1 percent are fully rented, 0.2 percent are unidentified ownership and 16.8 percent are either partly owned, or rented or under other arrangements.
Of the total land operated by agriculture holdings, 2.12m hectares (95.6 percent) are used for agriculture, 80,700 hectares are covered by forest, 12,900 hectares are used for ponds, and the remaining 3,200 hectares are other land. The area of forest has increased by 46.9 percent and the area of ponds by more than three times in the last one decade.
The majority of agricultural land, which amounted to 1.730m hectares is used for temporary crops which include paddy, maize, wheat, and vegetables while 145,400 hectares is used for permanent crops. In the past 10 years, the land used for temporary crops has decreased by 392,316 hectares, and for permanent crops by 23,093 hectares.
Of the total land used for temporary crops, 1.216m hectares is used for paddy plantation. However, there has been a 16 percent decrease in the area used for paddy plantation in the last decade. “The same trend is observed for maize and wheat,” says the census. However, the census has shown a significant increase in the area used for vegetable farming. The area for vegetable farming has increased to 107,700 hectares in 2021/22 from 84,400 hectares in 2011/12.
While the government and the central bank have been prioritizing agriculture loans directing banks and financial institutions (BFIs) to lend 13 percent of their loans to the agriculture sector, the number of farmers availing such loans has decreased in the last 10 years. According to the census, only 12 percent of farmers have taken agri-loans from the BFIs in 2021/22, down from 22 percent in 2011/12. Of them, 39 percent have taken such loans from cooperatives.
Box
Total area of agricultural land FY 2021/22 2.22 million hectares FY 2011/12 2.52 million hectares Number of families involved in farming FY 2021/22 4.13 million FY 2011/12 3.36 million |
Of the total land Used for agriculture 2.12 million hectares Covered by forest 80,700 hectares Used for ponds 12,900 hectares Other land 3,200 hectares |
Of agricultural land Used for temporary crops 1.730 million hectares Used for permanent crops 145,400 hectares |
Area for temporary crops Paddy 2021/22 1.216 million hectares 2011/12 1.456 million hectares Maize 2021/22 559,900 hectares 2011/12 673,700 hectares Wheat 2021/22 654,200 hectares 2011/12 749,400 hectares Vegetable 2021/22 107,700 hectares 2011/12 84,400 hectares |
Tarun Dal cadres stage protest demanding resignation of Home Minister Shrestha
Tarun Dal cadres have staged a protest against the attack on Joint General Secretary of Nepali Congress Mahendra Yadav on Friday.
Cadres of the youth wing of the Congress staged a demonstration at the Bhrikutimandap-based Exhibition Road this afternoon demanding resignation of Home Minister Narayan Kaji Shrestha.
The protesters also chanted various slogans against the Home Minister.
Yadav was attacked with a khukuri while he was exiting from the Reporters’ Club on Thursday afternoon.
The NC leader, who sustained injuries on his head, is undergoing treatment at the Trauma Center.
Meanwhile, police have arrested Shyam Bahadur Sapkota of Nuwakot for his alleged involvement in the attack.
Nepse plans to launch ‘Nepse 30’ index within a month
Nepal Stock Exchange (Nepse) is gearing up to launch the new stock trading index ‘Nepse 30’ within a month. After completing the necessary technical and policy preparations, the Nepse plans to bring ‘Nepse 30’ into operation by the first week of October.
The ‘Nepse 30’ index is currently being tested internally. The test, which started on July 25, has shown that the ‘Nepse 30’ index can be operated. According to Nepse officials, an official announcement on it will be made soon.
The procedure prepared for the operation of ‘Nepse 30’ has been submitted to the Nepse board for approval. The upcoming board meeting of the Nepse is likely to endorse it, paving the way for the operation of the ‘Nepse 30’ index.
Nepse Spokesperson Murahari Parajuli said that the related procedure has already reached the Nepse board. “The upcoming meeting of the board will discuss the procedure,” he said, “After the approval of the board, the ‘Nepse 30’ index will come into operation.”
According to Parajuli, Nepse has also completed technical preparations including the IT system required to operate the ‘Nepse 30’ index. Currently, a trial is being carried out internally selecting a few companies.
Nepse has envisioned Nepse 30 as an index based on the share trading of 30 selected companies. The new index will comprise the top 30 companies that meet the criteria set by Nepse among all the listed companies.
However, Nepse 30 will not be a separate index. At present, there are 13 sub-indices in Nepse alongside sensitive, float, and sensitive float indices. According to Nepse, companies from six sectors including banks and financial institutions, microfinance, insurance, hydropower, manufacturing, and trade and services will be included in the Nepse 30 index. Each of these sectors will have a minimum of one company to a maximum of eight companies in the index.
Companies having profits in the last three years, having earnings per share of more than 10 percent of the paid-up capital, and having earnings per share higher than the inflation will be eligible for the ‘Nepse 30’. Similarly, the companies are also required to have issued at least 25 percent of the shares to the general public and have at least 20,000 shareholders.
Similarly, companies’ average daily turnover in the last six months should be at least 2.5m, and their average daily share trading of 5,000 units.
The Nepse has said that it is introducing ‘Nepse 30’ with the aim of developing, operating, and managing indices to strengthen secondary market transactions.
The ‘Nepse 30’ index will be implemented as an index based on market capitalization including immediately tradable (free float) shares.
Nepse had previously prepared to bring the ‘Nepse 50’ index. However, it went for the ‘Nepse 30’ arguing that there could be problems in managing 50 companies.
ICC Women’s T20 World Cup Asia Region Qualifier: Nepal lose to Thailand
Nepal have faced a defeat at the hands of Thailand in their first semi-final match played today under ICC Women’s T20 World Cup Asia Region Qualifier.
Thailand thrashed Nepal by 46 runs in the match held at the UKM YSD Oval Cricket Stadium in Malaysia.
With the defeat, Nepal's dream of reaching the World Cup Global Qualifiers has been shattered.
Nepal, who were chasing a target of 106 runs, scored 59 runs losing all the wickets in 19. 3 overs.
Kabita Kunwar made the highest 11 runs for Nepal while Apsari Begum and Kabita Joshi each scored 10 runs. The rest of the Nepali batters could not make runs in the double digit.
Onicha Kamchomphu and Thipachcha Puthawang of Thailand took three wickets each while Nataya Buchatham took two wickets, and Phanita Maya and Sunida Chaturangaratna took one wicket each.
Thailand, who were invited to bat first after losing the toss, scored 105 runs in the allotted 20 overs at the loss of two wickets.
For Thailand, Nanapat Koncharoenkai hit the highest 59 runs, including four fours, off 63 balls. Similarly, Nathakam Chantham made 31 runs and Chunida Sutiruang made 11 runs not-out.
Kabita Kunwar and Puja Mahato took one wicket each for Nepal.
With this victory, Thailand reached the final of the tournament and booked a berth in the World Cup Global qualifiers.
Nepal had reached the semi-final as the runner-up in Group 'A' and Thailand as the winner of Group 'B'.
Gold price increases by 300 per tola on Friday
The price of gold has increased by Rs 300 per tola in the domestic market on Friday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 112, 300 per tola today. It was traded at Rs 112, 000 per tola on Thursday.
Meanwhile, tejabi gold is being traded at Rs 111, 750 per tola. It was traded at Rs 111, 450 per tola.
Similarly, the silver is being traded at Rs 1,410 per tola today.
KUAIC to organize AI meetup
In order to bring together AI enthusiasts, working professionals, and students from across the country, Kathmandu University Artificial Intelligence (KUAIC), a student-led organization, has been in the process of planning a gathering scheduled for September 9-10 at Kathmandu University’s Panchkhal Campus. This two-day event encompasses a diverse program featuring panel discussions, expert presentations, interactive games, entertainment, and an opportunity to witness cutting-edge AI projects in action.
The event has secured significant sponsorship, with Rastriya Banijya Bank (RBB) serving as the title sponsor and Hamro Patro as the app partner. Further support comes from esteemed entities such as NAST (Nepal Academy of Science and Technology) and the Panchkhal Municipality. Additionally, there are several other key partners, including Fuse Machine as a silver sponsor, and Prixa, WorldLink, Prince Construction, Janaki Krishi Sansar, and Sonai Seed Center also joining as silver sponsors. Grit Feat, Dish home, and NIMB are contributing as Bronze sponsors.
The AI Meet 2023 has garnered media support from Avenues Television and enjoys support from Kabita Agri Pvt Ltd as a collaborating partner. The event also benefits from the backing of the CSIT Association Nepal and Dev Community Nepal as community partners.