Airee becomes second best all-rounder in the world
Dipendra Singh Airee, a member of the Nepali national cricket team, has been ranked second among the T20 all-rounders in the world.
According to the new rankings released by the International Cricket Council (ICC) today, Airee climbed to second from the sixth position previously.
He is behind England's Liam Livingston, who is top-ranked with 253 points. Airey has 230 points
Similarly, Airee is ranked 43rd in ODI international ranking for batsmen. Earlier, he was ranked 45th.
Among the all-rounders, Gulshan Jha and Kushal Bhurtel are in the 53rd and 60th position respectively.
As a team, Nepal is ranked 17th in T-20 team rankings.
Similarly, Nepal's Aasif Sheikh is ranked 82nd and Kushal Bhurtel is ranked 83rd in ODI rankings.
Rohit Kumar Poudel, the captain of the Nepali team, is in the 87th position in the rankings.
Chitwan reports first case of Q fever
A case of Q fever has been detected at Madi Municipality of Chitwan.
The fever which is caused by Coxiella burnetii bacteria has been confirmed on a domesticated cow at Madi.
This fever is transmittable to humans to livestock and vice-versa.
The local government said this is the first case of Q fever detected in the district. Municipality's livestock section chief Dr Rabin Bastakoti said the sample test of the cow was made at the Central Veterinary Laboratory.
The cow which was four months pregnant feel sick and the infection led to the pregnancy loss. The case was diagnosed through the PCR test.
Medication for three weeks to three months is prescribed to treat the disease. Fever, and loss of appetite are among the symptoms of the disease which was first confirmed in 1935 in Australia.
It primarily affects livestock, but can also infect humans if a mite bites a human after biting an infected animal. It is also transmitted by consumption of raw milk or meat extracted from infected animals.
Symptoms in humans include fever and chest pain and the severity of the case.
Saudi Arabia expresses sorrow over recent disasters in Nepal
Salman bin Abdulaziz Al Saud, the King of Saudi Arabia, has expressed his sorrow over the significant loss of life and property in the recent flooding and landslides in Nepal.
He extended his heartfelt condolences and sincere sympathy to President Ram Chandra Paudel, the families of the deceased, and the Nepali citizens.
He wished for the safe return of the missing to their families, and a swift recovery for the injured.
Similarly, in a separate message to the President, Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, has expressed his sorrow over the loss the country suffered in the disasters.
Dry landslide damages eight containers near Tatopani in Rasuwa
A dry landslide damaged eight containers parked near Tatopani in Rasuwa on Tuesday night.
The vehicles en route to Kerung for transporting goods were stopped on the roadside with the information that the roadway towards Kerung has been blocked by the recent landslide.
These containers were left on the roadside in absence of a parking lot in the area. Though the Syafrubesi-Rasuwa road section that was earlier disrupted by the rains resumed on Tuesday, containers heading to Kerung were unable to proceed due to the road obstructions on the Chinese side.
It is said the Rasuwa District Administration has been urged informed by the Kerung administration that it will take around 40-50 days to restore Rasuwagadhi-Kerung route at it has been significantly damaged by the landslide, according to District Police Office, Rasuwa's Chief Keshab Bhattarai.
Other containers presently stuck here have been urged to cancel the trips and return according to Bhattarao. With the resumption of the Syafrubesi-Rasuwagadhi section on Tuesday afternoon, 40 containers en route to Kerung entered Timure.
IFRC releases over Rs 90 million to support Nepal in wake of devastating flooding
The International Federation of Red Cross and Red Crescent Societies - IFRC has released over Rs 90 in emergency funds from IFRC-DREF to support the Nepal Red Cross action on the ground.
IFRC Secretary General and CEO Jagan Chapagain has announced this.
The floods in Nepal have taken a devastating toll, not only in terms of lives lost but also with entire communities—especially those south of the Kathmandu Valley—being cut off from the rest of the country due to landslides and destroyed infrastructure, he said. "In response, hundreds of Nepal Red Cross volunteers are working tirelessly with evacuations, search and rescue operations, and distributing essential supplies."
PHC endorses Raut as next Chief Justice
The meeting of the Parliamentary Hearing Committee today has unanimously approved the nomination made to appoint Prakashman Singh Raut as the new Chief Justice.
In the meeting of the Committee held at Singha Durbar, the proposed Chief Justice Raut had presented a 24-point action plan to be implemented during his term as the head of the Supreme Court.
His name was recommended by the Constitutional Council on September 16. He was recommended to the Council as the senior-most justice of the apex court by the Judicial Council.
Raut will take over from incumbent Chief Justice of the Supreme Court, Bishwambhar Prasad Shrestha, who retires on October 5.
As per the Constitutional provision, Justice Raut will be formally appointed as the Chief Justice by the President, following the endorsement by the parliamentary hearing committee.
Also today, the Parliamentary Hearing Committee unanimously endorsed the nomination of the government to appoint Chitra Lekha Yadav as the next Nepali Ambassador to Australia.
Fixed deposits decline as interest rates come down
With interest rates on savings coming down with every passing month, the proportion of fixed deposits in total deposits parked in banks and financial institutions (BFIs) is also declining.
This shows banks, awash with liquidity, are not making any efforts to attract fixed deposits where they need to provide higher interest rates.
Data released by the Nepal Rastra Bank (NRB) shows, BFIs had deposits totaling Rs 6,445bn in mid-August, of which fixed deposits accounted for 57.5 percent. This proportion was 61.3 percent in mid-Aug 2023.
With fixed deposits declining, the proportion of other saving products have increased. According to the NRB, regular savings products accounted for 26.7 percent of total deposits in mid-Aug 2023, which has increased to 30.3 percent in mid-August, 2024.
Bankers say the proportion of fixed deposits to total savings is declinding as BFIs earlier prioritized fixed deposits to increase their deposit base due to liquidity shortage in the banking system. With interest rates on deposits declining since the last fiscal year, the share of fixed deposits has also started to decrease.
The banking system is in a liquidity surplus situation at present. The central bank has already absorbed nearly Rs 250bn from the banking system through different instruments since mid-July, with a plan to absorb another Rs 50bn underway.
Central banks around the world injects money into the banking system when there is a liquidity shortage and absorbs from the system when there is excess liquidity. Bankers say banks are sitting on investable funds of approximately Rs 75bn.
As the liquidity situation improved, the Nepal Bankers’ Association—the association of commercial banks—ended the gentlemen’s agreement among Class ‘A’ banks in mid-July last year, allowing them to set interest rates on their own. The average interest rate on deposits fell to 5.66 percent in the first month of the current fiscal year 2024/25 (mid-Julty to mid-August) compared to eight percent in the same month of the previous fiscal year.
The proportion of fixed deposits rises when there is a shortfall of liquidity as banks compete with themselves to attract deposits by offering high interest rates. Since this is not the case now, banks, which are awash with loanable funds due to slow credit demand in the market, are not offering high interest rates on deposits.
According to the central bank’s directives, banks can offer a maximum of five percentage points higher interest on fixed deposits compared to the minimum interest rate on regular savings accounts. The difference between the maximum and minimum interest rates on all types of domestic currency deposit accounts, except for call deposits, should not exceed five percentage points.
Heavy rainfall likely in Koshi and Bagmati; Concerned authorities directed to remain highly alert
Minister for Home Affairs Ramesh Lekhak directed all the authorities concerned and relevant mechanisms to remain highly alert and do the needful preparations as heavy rainfall is expected in some places of the Koshi and Bagmati Provinces.
The instruction comes in response to the weather forecast bulletin released by the Department of Hydrology and Meteorology regarding the probabilities of downpour in some parts of these two provinces.
Minister Lekhak called on all three security agencies, National Disaster Risk Reduction and Management Authority (NDRRMA), Chief District Officers and local governments for caution towards possible risks of disasters.
The Department has appealed to the public for alertness and readiness to mitigate the potential risks of the predicted rainfall and its consequences.
Emphasizing alertness and readiness in this context, Minister Lekhak said, "I have directed the Chief District Officers of Koshi Province and Bagmati Province and Chiefs of all security agencies in the disaster-prone provinces to remain alert."
Furthermore, the NDRRMA and Chiefs of security agencies under the Ministry of Home Affairs have been asked to coordinate efforts for early preparedness.
Minister Lekhak urged travelers to be careful while traveling, noting the conditions of major highways and roads due to recent series of rain-triggers landslide and flood while the risk of floods and landslides still persist in some parts.