Foreign Minister Saud, China Ambassador Chan hold talks
Foreign Minister NP Saud and Chinese Ambassador to Nepal Chan Song held a meeting on Tuesday. The Chinese Ambassador had reached Singha Durbar this afternoon to meet Minister Saud. During the meeting, they discussed Nepal-China relations and high-level visits from both countries among other issues, a source said. Chief of Army Staff Parbhu Ram Sharma is also preparing to go to China. Probably, he will leave for China in the last week of May.
Flydubai Nepal chief, station manager barred from entering TIA
The Civil Aviation Authority of Nepal has barred Flydubai Nepal chief and station manager from entering Tribhuvan International Airport for spreading false information about the Flydubai flight. On Monday, the Boeing 737-800 aircraft with 167 passengers on board flying to Dubai from Kathmandu was preparing to come back to Kathmandu for forced landing after it witnessed a technical glitch in one of the engines. The plane headed towards its destination after holding in the Nepali sky for a few minutes. The aircraft landed safely at the Dubai International Airport on Monday night itself. The authority, however, concluded that the Flydubai Nepal chief had given false information to the headquarters. Though they had informed the headquarters that the flight experienced a bird strike during take off, the basis for the same was not found, Gyanendra Bhul, Assistant Spokesperson at the CAAN said. He said that a two-member committee has been formed to investigate the incident. The committee comprising an engineer and a pilot will prepare a detailed report about the incident. Bhul said that the FlyDubai aircraft has been grounded in Dubai. “The plane has been grounded in Dubai. The aircraft will be grounded until the investigation concludes,” he said. The CAAN has taken the incident seriously and an investigation will be launched to find out the truth, he said.
Nepse surges by 17. 36 points on Tuesday
The Nepal Stock Exchange (NEPSE) gained 17.36 points to close at 1,905.68 points on Tuesday. Similarly, the sensitive index surged by 4.27 points to close at 363. 65 points. A total of 2,700,570-unit shares of 264 companies were traded for Rs 885 billion. Meanwhile, Taragoan Regency Hotel Limited was the top gainer today, with its price surging by 8.00 percent. Sunrise Bluechip Fund was the top loser as its price fell by 10.00 percent. At the end of the day, total market capitalization stood at Rs 2. 77 trillion.
Om Rijal on reviving folk literature
Om Rijal is a Nepali novelist and poet who is known for his folk literature. One of his well-known works is his novel ‘Hataru’, which sheds light on the native culture of the Karnali province of Nepal. Some of his other notable works are ‘Yarsagumba’, his poem collection, and ‘Rudai Bagdaicha Mugu Karnali’, a travel memoir. Babita Shrestha from ApEx talked to Rijal about what inspires him to write where he also talked about some of his works. What inspired you to become a writer? I was brought up in Dullu, Dailekh, which is well-known for its folk customs. I grew up hearing folklore, and stories. The Damai community sang folk tunes frequently which we still hear today. As a result, I have a strong connection to folk culture and tradition. I think that is the key source of inspiration. I wanted to incorporate the native culture I grew up witnessing in my writings. My love for participating in poetry recitals and contests dates back to my school days. My first poem, ‘Ghaita’ was published in one of the local newspapers which fueled my enthusiasm to write. Do you stick to a particular theme while writing? I lean toward poetry, essays, and novels. I’ve also written two fiction novels in Nepali. In most of my works, I try to reflect on Nepali people, culture, and nature. I actually had this idea during my travels to various parts of Nepal, especially Mugu and Karnali. It gave me a new perspective on the diversity on Nepali people and culture. Hataru is one of your most celebrated works. Can you tell us a little about it? In contrast to my previous works, ‘Hataru’ was written with an ambition rather than just out of fascination. This book depicts the folk civilization of the Karnali province a century ago. In this book, a mother tells her child about how she overcame life’s adversities. It was a story I heard from an elderly woman in one of the villages in Karnali. Sunkesa, the protagonist, represents every Nepali woman who has managed to stand strong despite facing everyday difficulties and harassment. For me, Hataru is like a cultural archive of the Karnali province. I collected different stories from villages, experiences of men and women and the culture of that period. From Hataru, people can explore the treasures of Karnali, which, I think, has been neglected in Nepali literature. I stayed in Karnali for three and a half years. I realized that the Damai community has contributed the most to Karnali’s civilization. It took a lot of effort and time to understand every aspect of their culture and traditions. For instance, I spent 12 days trying to record just one song. It’s a song called ‘Karko’, that they sing during funerals. It was hard to document each and every aspect of their culture. But I enjoyed working on this book. Despite the many obstacles, it was worthwhile. What sort of feedback and criticism have you received for your works? I got a lot of recognition because of Hataru. It was written in Dailekh’s local language which used to be spoken a century ago. For instance, in that language, jiya means mother, bauju means father, bu means grandfather and buwa means grandmother. I have incorporated archaic language through all of my characters, which has been criticized by non-native readers. I agree that it’s not a smooth read for everyone. However, Haturu is a valuable resource for folk literature reference and research. What books do you recommend to aspirant readers? Literature that promotes culture is useful for readers in general and can be very helpful in understanding diversity and civilization. They provide in-depth knowledge that motivates you to refute unfavorable viewpoints. There are several amazing works that have promoted the language, history, and folk culture which remains at the top on my reading list. They are ‘Karna’ by Dr. Naba Raj Lamsal and ‘Sumnima’ by BP Koirala. I suggest they start by giving these books a read. Rijal’s picks Sumnima by BP Koirala ‘Sumnima’ is a novel written by BP Koirala. The book was published in 1969 by Sajha Prakashan and it tells the story of a Kirat woman and a Brahmin boy. Koirala wrote the book in eight days during his imprisonment at the Sundarijal jail. Karna by Dr Naba Raj Lamsal ‘Karna’ by Dr Naba Raj Lamsal is one of the books among his three epics—‘Karna’, ‘Dhara’, and ‘Agni’. The epic takes Karna, the sidelined Mahabharata hero, as the central character, and retells the story from a completely different viewpoint.
DoI develops mechanism to approve FDIs up to Rs 100m online
In a first, the Department of Industry (DoI), the government agency responsible for providing services to foreign investors, has developed a mechanism to approve foreign direct investments (FDIs) through the online channel. The mechanism allows the department to approve FDI worth Rs 100 million automatically. The government has already published a notice in this regard in the Nepal Gazette and the system will be implemented on Jestha 1. “Through the newly-developed mechanism, the government can approve FDI worth Rs 100m,” said Ram Chandra Tiwari, Director General of DoI. In the federal budget for the current fiscal year, the government has announced that foreign investment of up to Rs 100m will be approved through an automatic system. Accordingly, DoI has prepared the necessary software infrastructure. In addition, the amendment process of the Foreign Investment and Technology Transfer Regulation, 2077 BS has also been initiated to give it legal recognition. According to Tiwari, DoI has made necessary changes to the regulations and has sent it to the Ministry of Industry, Commerce, and Supplies for approval. The ministry will complete the process and send it to the cabinet for authorization. “We will implement the mechanism after the cabinet approves the regulations,” said Tiwari. “We also aim to increase the FDI threshold through the system in the near future.” At present, approvals of foreign investment proposals require going through paperwork which many investors see as tedious. As a result, there was a lot of trouble in getting foreign investment approved. However, after the implementation of the mechanism, investors can get approval for investments up to Rs 100m online without having to visit the DoI office. In addition, the department will also send the necessary documents to the Office of the Company Registrar (OCR) and include the documents in the registration process. However, investors will have to go to OCR to register the companies themselves. The introduction of the mechanism is expected to ease the approval process for foreign investments. According to Tiwari, the services will be more effective with the implementation of the new system. However, the investments to be approved by other ministries and agencies will not be done through this system. The technology has been developed in such a way that only investments in the areas specified in the regulations can participate in the automated process. Foreign investors can invest 100 percent or through a joint investment agreement with Nepali partners. The information on investment approval will be automatically sent to the bodies concerned such as the Nepal Rastra Bank and OCR etc. through the system. This system has already been implemented in Nepal's neighboring countries including India and Bangladesh. In Nepal, most FDIs are less than Rs 100m. So far, DoI has approved 5,545 FDI projects amounting to Rs 421bn.
At least 12 killed in blasts at Pakistan counterterrorism office
Two explosions have rocked a counterterrorism facility in northwest Pakistan, killing at least 12 people and injuring more than 50 others, police said, Aljazeera reported.
Sharifullah Khan, a police official in Kabal, told Al Jazeera that at least 12 people died in the blasts on Monday at the Counter-Terrorism Department (CTD) in Khyber Pakhtunkhwa province’s Swat Valley while more than 50 were reported injured. He added that he doesn’t believe the blasts were caused by “terrorism”. The “explosions occurred after explosive material in the CTD building’s basement caught fire”, he said. The building complex also houses the Kabal district police station and headquarters of a reserve police force, but the main damage was done at the counterterrorism department building.Provincial police chief Akhtar Hayat said there was an old ammunition store in the office, and police were probing whether that caused the explosions or if it was an attack, according to Aljazeera.
Two attacks on large police bases have been linked to the Pakistani Taliban, known as Tehreek-e-Taliban Pakistan (TTP) since the start of the year.
Most of those killed on Monday were police counterterrorism officers, Hayat said, adding that a woman and her child who were passing by the building were also killed. Bilal Faizi, spokesman for Khyber Pakhtunkhwa’s provincial rescue service, said the search for more wounded was still in its initial stages. The regional hospital administration said it received several wounded people, some of them in critical condition.Gold price increases by Rs 400 per tola on Tuesday
The price of gold has increased by Rs 400 per tola in the domestic market on Tuesday. According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 109, 500 per tola today. The gold was traded at Rs 109, 100 per tola on Monday. Meanwhile, tejabi gold is being traded at Rs 109, 000 per tola. Similarly, the silver is being traded at Rs 1,420 per tola today.
RSP President Lamichhane elected from Chitwan-2
Rastriya Swatantra Party President Rabi Lamichhane has been elected as the member of the House of Representatives from Chitwan-2 for the second time in a row by securing 54, 176 votes. He defeated his closest contender Jit Narayan Shrestha of the Nepali Congress by a margin of 42, 962 votes. Shrestha garnered 11, 214 votes. Similarly, Ram Prasad Neupane of the CPN-UML obtained 10, 936 votes. Lamichhane had received 49, 300 votes out of 84, 315 votes in the previous election. His nearest rival Umesh Shrestha of the Nepali Congress had received 14, 988 votes.







