Gold being traded at Rs 166, 000 per tola on Friday
The gold is being traded at Rs 166, 000 per tola in the domestic market on Friday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of silver has dropped by Rs 25 and is being traded at Rs 2,070 per tola today.
Couple found dead in Kanchanpur
A couple was found dead early this morning in their home at Binabari of Laljhandhi Rural Municipality-1 in Kanchanpur district.
Ramesh Badayak (45) and his spouse Kamala (43) were found dead in their bedroom, according to Deputy Superintendent of Police (DSP) of Kanchanpur Umesh Prasad Joshi.
DSP Joshi said that the incident is suspicious adding that bruises of the sharp weapons are visible on the body parts of the deceased.
"Blood is also found at the scene and investigations have been initiated," he added.
PM Oli urges all to work on dengue control
Prime Minister KP Sharma Oli has urged all for their efforts to control dengue spread.
In a video message today, the PM has urged one and all to work for this as some of the districts in the country are affected from dengue spread.
The PM has urged the stakeholders from the federal, province and local levels, civil servants, security bodies, educational institutions, social campaigners and all members of the community to conduct the 'search and destroy' of campaign mosquitoes nationwide at 10:00 am on every Friday.
The PM has stressed that the breeding sites of mosquitoes should be identified and the larva and pupa should be destroyed for the best way to control the dengue spread.
"Making a prosperous Nepal is possible only if the citizens are healthy. So, I urge all to extend their support from their respective places to make this campaign a success for dengue control," the PM stated in his message.
DPM Paudel held talks with MCC Chief Executive Officer Albright
Deputy Prime Minister and Minister for Finance Bishnu Prasad Paudel held a meeting with Chief Executive Officer (CEO) of Millennium Challenge Corporation (MCC) Alice P. Albright in Washington DC, USA on Thursday.
The Embassy of Nepal in Washington DC stated that discussions were held regarding the MCC projects in Nepal being implemented under the MCC Compact Agreement since last year and the cross-border transmission line.
Likewise, the Deputy Managing Director of the International Monetary Fund (IMF), Bo Li, held a meeting with Minister Paudel on Thursday.
During the meeting, discussions were held on the issues of financing, consultation and technical assistance.
On the occasion, Deputy Managing Director Bo said Nepal's economic progress was satisfactory.
Governor of Nepal Rastra Bank Maha Prasad Adhikari, Finance Secretary Ram Prasad Ghimire and Charge' d'Affaires of Nepal Embassy Kumarraj Kharel were present at the meeting.
FinMin Paudel urges investors to invest in Nepal with confidence
Deputy Prime Minister and Minister for Finance Bishnu Prasad Paudel has urged international investors to invest in Nepal's information technology (IT) sector with confidence adding that there is immense potential for investment and high returns in this sector.
At an interaction program organized by the American Chamber of Commerce and Industries today, Minister Paudel urged the investors to invest in Nepal's physical infrastructure, tourism, agriculture, energy and other sectors, and take benefits from the investment.
Likewise, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Chandra Dhakal shared that there are good investment opportunities in Nepal's hydropower and tourism sectors while asking American investors to invest in those areas.
Representatives from multinational companies including Google, Meta, Coca-Cola and others were present on the occasion.
Editorial: PM Oli’s 100 days in office
Prime Minister KP Sharma Oli’s claim that his government achieved 70 percent of its goals in the first 100 days highlights underlying challenges in governance. The period saw some important developments, particularly in governance reforms and handling of the economy. Oli said the government could have performed even better if it were not for the devastating floods and landslides triggered by heavy rains toward the end of September.
Although the floods and landslides wreaked havoc, claiming 391 lives, and affecting over 2,555 families, the government swiftly responded by offering financial assistance. Essential services like water, electricity and communication were restored within 15 days in affected areas. Economic reforms formed a cornerstone of Oli’s early tenure. Long-pending payments to dairy and sugarcane farmers were cleared. The government also facilitated release of outstanding payments worth around Rs 6.75bn to different construction entrepreneurs, which is expected to stimulate development projects. The government also launched an innovative youth startup loan program, offering collateral-free loans of up to Rs. 2.5m to 165 young entrepreneurs, aiming to boost youth-led businesses and employment.
Authentication of the Transitional Justice Bill and the formation of a recommendation committee to establish two transitional justice commissions show the government is serious about taking the peace process, which began 17 years ago, to its logical end.
On the broader economic front, signs of recovery were visible, with the formation of an Economic Advisory Commission fostering confidence in the private sector. A significant achievement during this period was securing investment commitments worth Rs 34bn in over 200 new industries. Federal government spending saw a modest increase, reaching Rs. 329bn, while revenue mobilization grew by 13.3 percent, totaling Rs. 248bn. These figures reflect a cautious but steady recovery from earlier economic instability.
Oli’s government also made strides in healthcare and social welfare. Free treatment for burn victims and the expansion of cancer treatment services to all seven provinces were notable achievements. The government increased compensation for the families of deceased migrant workers to Rs 1m, up from Rs. 700,000, and extended the benefit to families of those who died after returning to Nepal.
In energy and infrastructure, the trilateral agreement reached with India and Bangladesh for the export of 40 MW of hydropower to Bangladesh is an important milestone in regional energy cooperation. Tunneling breakthroughs in three major road projects have also been listed as achievements of the government. Additionally, over 4,000 km of roads were repaired, and 32.5 km were blacktopped.
Oli’s government also prioritized digital and banking inclusion, extending fiber-optic internet (FTTH) to all 77 districts and ensuring banking access in all 753 units. On the international front, streamlined procedures allowed foreign investors to gain approvals quickly, which has helped position Nepal as a more business-friendly destination.
Despite facing criticism and rumors of instability, the government has focused on systemic reforms rather than populist measures. However, the true measure of success will be in transforming these initiatives into visible improvements in people’s lives.
Nepal witnessing effects of 'Dana' cyclone
Nepal has started witnessing the effects of cyclone 'Dana', according to the Meteorological Forecasting Division.
There is a possibility of light rainfall in the eastern part of the country till Friday as a result.
Meteorologist at the Division Min Kumar Aryal said light rainfall has been predicted at some places of Koshi and Madhes Provinces due to the impact of the cyclone.
"The effect of the cyclone will be seen in eastern parts of the country. It developed at Bay of Bengal few days ago", he shared.
EU Ambassador Veronique Lorenzo suggests waste management at local level
EU Ambassador to Nepal Veronique Lorenzo has suggested that Nepal could spur knowledge and adopt the measures of waste management at local level and schools.
She appreciated the role played by the Green Shift Campaign to this end.
Ambassador Lorenzo was speaking at a review program organized by Creasion Nepal with the assistance of the EU.
The program also featured experience sharing on the project. "If the youths launch innovative projects, they can realize change. Youths are indeed the precursor of change," she added.
According to her, waste management and a circular economy could be significant for Nepal. If Nepal works devotedly on green energy, it could emerge a regional champion in this sector, she believed.
On the occasion, Creasion Nepal's Founder Chair Anand Mishra said green shift was not a mere project but a comprehensive campaign.