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The World Bank has projected that Nepal’s gross domestic product (GDP) would fall due to climate change. It has been shown that the negative impact of climate change could reduce the GDP by 25 percent after 70 years. The World Bank made such a projection while making public the report ‘Nepal development update’, on Monday. It has been said in the report that its impact will also depend on the model and parameters adopted by Nepal to control the effects of climate change. That is why, the World Bank has drawn the attention of the government to formulate the policy by observing the changes in the climate. The World Bank stressed on the change in policy as it can affect the construction of infrastructure and foreign employment in Nepal as well. The World Bank has handed the micro fiscal model over to the Nepal government for the same. It has been learnt that this model is also being used in the preparation of Nepal development update. This model is being used in the analysis of economic and monetary facts. If Nepal adopts the model emphasized by the World Bank, it will help in policy making, economists said. According to the report, Nepal has mentioned the options to make environment-friendly policies in the future and to protect the rivers from the risk of drying in the country which has a huge contribution in hydroelectricity. Economist and ICIMOD Program Coordinator Dr Mani Nepal said that the formulation of a good policy would help reduce the risk in the future. It has been mentioned in the report the ways to control the impact of climate change on agriculture and on labor and employment and infrastructure among other sectors. Nepal said that it would help to avoid risks if Nepal changes the policy on such issues. Meanwhile, the World Bank has suggested Nepal to lift the ban on imports. Instead, Nepal has been suggested to increase the policy interest rate based on needs and loan facility. By doing so would subdued external demand and discourage imports, the World Bank said.

Three persons died and two others were injured when a boat capsized at Ghol in Narayani river in Susta of Nawalparasi district on Monday. Police identified the deceased as Guddu Harijan (22), Niraj Harijan (18) and Ranjit Gupta (18) of Susta-4. The ill-fated boat carrying youths returning home after a picnic capsized in Susta Rural Municipality-4 yesterday. Kishor Harijan and Sohit Sahahi, who were injured in the incident, have been taken to Bhairahawa for medical treatment. Police said that they are looking into the case.  

Newly appointed US Ambassador to Nepal Dean R. Thompson and CPN (Maoist Center) Chairman Pushpa Kamal Dahal held a meeting at the latter’s residence in Khumaltar on Tuesday. During the meeting, the duo discussed bilateral ties between the two countries and contemporary political issues among others, Dahal’s Secretariat said. On the occasion, former Prime Minister Dahal thanked the United States for its continuous support to Nepal’s economic development. Ambassador Thompson said that he was happy to be appointed as the ambassador of Nepal, a beautiful country rich in nature and cultural diversity. He believed that the relations between Nepal and the US would reach new heights during his tenure.  

The main opposition CPN-UML is unveiling its election manifesto for the elections to the House of Representatives and Province Assembly slated for November 20. According to Publicity Department Deputy Head Bishnu Rijal, the party will unveil the manifesto at 1 pm today. Earlier, the party had formed a Draft Committee under the headship of party Chairman KP Sharma Oli to prepare the manifesto. The final shape to the manifesto was given as per the suggestions to the committee. After unveiling the manifesto, Oli will hold a “live debate” on the manifesto. Meanwhile, Nepali Congress, CPN (Maoist Center) and CPN (Unified Socialist), who had formed an alliance against the UML, have already unveiled their respective manifestos on Monday.

Brazil’s electoral authority says Luiz Inácio “Lula” da Silva has defeated incumbent Jair Bolsonaro to become the country’s next president, Aljazeera reported. The news on Sunday marked a stunning return to power for the 77-year-old, of the leftist Workers’ Party, who had led Brazil from 2003 to 2010. His 2018 imprisonment over a corruption scandal sidelined him from that year’s election, paving the way for then-candidate Bolsonaro’s win and four years of far-right politics, according to Aljazeera. The result marked the first time since Brazil’s 1985 return to democracy that the sitting president has failed to win re-election.

Dengue infection has spread in almost all the 77 districts of the country. The Ministry of Health and Population said that 54 people have died from the infection so far. Two people have died from dengue in the last 24 hours. The dengue infection has been confirmed in 46, 768 people till Friday from mid-July. The Ministry has urged the people to clean their surroundings and wear full sleeve clothes to prevent dengue.    

The Nepal Stock Exchange (NEPSE) gained 16. 39 points to close at 1,874.87 points on Monday. Similarly, the sensitive index surged by 4.93 points to close at 370. 86 points. Meanwhile, a total of 2,574,975 unit shares of 224 companies were traded for Rs 69 billion. In today’s market, all sub-indices saw green except for Development Bank. Meanwhile, Sayapatri Hydropower Limited was the top gainer today, with its price surging by 10. 00 percent. Upper Hewakhola Hydropower Company Limited was the top loser as its price fell by 8.16 percent. At the end of the day, total market capitalization stood at Rs 2. 69 trillion.

The CPN (Maoist Center) unveiled its election manifesto on Monday. The election commitment paper was unveiled by organizing a press conference at the party office in Sanepa this afternoon. The manifesto made public today includes forming a high level commission to investigate the property of office bearers. The party has also said that it would establish a National Employment Authority to resolve the problem of unemployment.