Nepse plunges by 9. 75 points on Monday

The Nepal Stock Exchange (NEPSE) plunged by 9. 75 points to close at 2,076.67 points on Monday.

Similarly, the sensitive index dropped by 2. 89 points to close at 395. 94 points.

A total of 10,981,591 units of the shares of 234 companies were traded for Rs 4. 34 billion.

Meanwhile, CYC Nepal Laghubitta Bittiya Sanstha Limited was the top gainer today with its price surging by 10 percent. Likewise, Global IME Bank Limited Debenture was the top loser with its price dropped by 9. 75 percent.

At the end of the day, the total market capitalisation stood at Rs 2. 96 trillion.

Oli demands formation of committee to probe into involvement of unauthorized persons in budget-making process

The main opposition CPN-UML Chairman KP Sharma Oli has demanded the formation of a parliamentary committee to probe into involvement of unauthorized persons in the budget-making process.

Speaking at a special session of the House of Representatives on Monday, he said that all the things like increasing or reducing the tax rates came with bad intentions.

“Let’s form a parliamentary committee to investigate this issue. It cannot be imagined to formulate the budget with the help of outsiders,” he said.

Saying that it is not a common thing to involve unauthorized persons in the budget-making process, the former Prime Minister said that a parliamentary committee should be formed to investigate the incident and should make the report public.

Rohingyas stage demonstration outside UN office in Pulchowk (In photos)

Rohingyas, who have been living in Nepal as refugees after being displaced from Myanmar, staged a demonstration outside the office of United Nations in Pulchowk, Kathmandu on Monday.

They staged the demonstration demanding resettlement in third countries.

Earlier on June 27, the Rohingyas had staged a protest outside the office of United Nations High Commissioner for Refugees (UNHCR) in Kathmandu, saying that the UNHCR cut off the financial aid it has been giving to the Rohingya refugees and their children.

Their parents said that they have been facing difficulties in paying school fees among others after the UNHCR cut off the financial aid.

The government of Nepal has termed the Rohingyas living in Nepal as illegal immigrants.

The UNHCR, however, has recognized them as refugees.

Indian Embassy security guard shoots himself to death in Kathmandu

A security guard committed suicide at the Indian Embassy in Lainchaur, Kathmandu.

According to the Indian Embassy, Deepak Singh (32) of Uttarkhand, India shot himself to death while on duty.

The body has been taken to the Maharajgunj-based Tribhuvan University Teaching Hospital (TUTH) for postmortem.

Indian Embassy spokesperson Nabin Kumar said that Singh shot himself while on duty and he died on the spot.

Further investigation into the incident is underway.

 

Three Indian nationals held with pistol, bullets in Rautahat

Police have arrested three persons in possession of a pistol in Rautahat on Sunday.

A police team deployed from the Area Police Office, Lumbini apprehended the trio with the pistol, two rounds of bullets and a knife last night.

Police said that they have also seized a motorbike (UP 55 AD 0648) from them.

The detainees have been identified as bike rider Medi Husain (34) aka Chinak of Siddharthanagar, India, pillion riders Akbar Khan (51) and Asik Ali (55), SP Rabindra Regmi said.

Further investigation into the incident is underway, police said.

 

 

 

 

Indian envoy to Nepal Srivastava calls on Home Minister Khand

Indian Ambassador to Nepal Naveen Srivastava called on Home Minister Bal Krishna Khand on Monday.

This is the first time that Srivastava held a meeting with Home Minister Khand after being appointed as the ambassador.

During the meeting held at the Home Ministry, the duo discussed issues of mutual interest and strengthening bilateral ties.

On the occasion, Home Minister Khand urged the Indian government through Srivastava to provide chemical fertilizers at the earliest.

He also thanked India for its continued support to maintain peace, development and prosperity in Nepal.

Home Minister Khan wished Srivastava a successful tenure.

 

 

Janata Samajbadi Party recalls three of its four ministers

The Janata Samajbadi Party has recalled three of its four ministers from the government.

The party has decided to recall Minister for Forest Ram Sahaya Yadav, Minister for Physical Infrastructure Renu Kumari Yadav and Minister for Agriculture Mahendra Raya Yadav.

Party Chairman Upendra Yadav submitted the names of new ministers to Prime Minister Sher Bahadur Deuba by including the dissident faction.

Yadav has recommended the names of Pradeep Yadav, Mrigendra Singh and Mohammad Ishtiyaq Rai for the new ministers.

The Chairman met the Prime Minister on Sunday evening and submitted the list of new ministers.

 

Video shows Akron police kill Black man in hail of gunfire

A Black man was unarmed when Akron police chased him on foot and killed him in a hail of gunfire, but officers believed he had shot at them earlier from a vehicle and feared he was preparing to fire again, authorities said Sunday at a news conference, Associated Press reported.

Akron police released video of the shooting of Jayland Walker, 25, who was killed June 27 in a pursuit that had started with an attempted traffic stop. The mayor called the shooting “heartbreaking” while asking for patience from the community.

It’s not clear how many shots were fired by the eight officers involved in the shooting, but Walker sustained more than 60 wounds. An attorney for Walker’s family said officers kept firing even after he was on the ground.

Officers attempted to stop Walker’s car early in the morning for unspecified traffic and equipment violations, but less than a minute into a pursuit, the sound of a shot was heard from the car, and a transportation department camera captured what appeared to be a muzzle flash coming from the vehicle, Akron Police Chief Steve Mylett said. That changed the nature of the case from “a routine traffic stop to now a public safety issue,” he said.

Police body camera videos of the nighttime confrontation show the minutes that followed. Several shouting officers with guns drawn approach the slowing car on foot, as it rolls up over a curb and onto a sidewalk. A person wearing a ski mask exits the passenger door and runs toward a parking lot. Police chase him for about 10 seconds before officers fire from multiple directions, in a burst of shots that lasts 6 or 7 seconds, according to Associated Press.

At least one officer had tried first to use a stun gun, but that was unsuccessful, police said.

Mylett said Walker’s actions are hard to distinguish on the video in real time, but a still photo seems to show him “going down to his waist area” and another appears to show him turning toward an officer. He said a third picture “captures a forward motion of his arm.”

The officers were separated at the scene afterward, and each one indicated a belief that Walker had been moving into a firing position, Mylett said.

The footage released by police ends with the officers’ gunfire and doesn’t show what happened in the moments after.

Mylett said an officer firing at someone has to be “ready to explain why they did what they did, they need to be able to articulate what specific threats they were facing ... and they need to be held to account.” But he said he is withholding judgment on their actions until they give their statements, and he said the union president has told him that all are “fully cooperating” with the investigation.

Police said more than 60 wounds were found on Walker’s body but further investigation is needed to determine exactly how many rounds the officers fired and how many times Walker was hit. Officers provided aid, and one can be heard saying he still had a pulse, but he was pronounced dead, Mylett said.

A handgun, a loaded magazine and an apparent wedding ring were found on the seat of the car. A casing consistent with the weapon was later found in the area where officers believed a shot had come from the vehicle.

Ohio Attorney General Dave Yost vowed a “complete, fair and expert investigation” and cautioned that “body-worn camera footage is just one view of the whole picture.”

The officers involved in the shooting are on paid administrative leave, which is standard practice in such cases, Associated Press reported.

Demonstrators marched peacefully through the city and gathered in front of the Akron justice center after the video was released. NAACP President Derrick Johnson said in a statement that Walker’s death wasn’t self-defense, but “was murder. Point blank.”

Walker’s family is calling for accountability but also for peace, their lawyers said. One of the attorneys, Bobby DiCello, called the burst of police gunfire excessive and unreasonable, and said police handcuffed Walker before trying to provide first aid.

“How it got to this with a pursuit is beyond me,” DiCello said.

He said Walker’s family doesn’t know why he fled from police. Walker was grieving the recent death of his fiancee, but his family had no indication of concern beyond that, and he wasn’t a criminal, DiCello said.

“I hope we remember that as Jayland ran across that parking lot, he was unarmed,” DiCello said. 

He said he doesn’t know whether the gold ring found near the gun in the car belonged to Walker, according to Associated Press.