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The Nepal Stock Exchange (NEPSE) gained 35.55 points to close at 2,696.65 points on Tuesday.

Similarly, the sensitive index surged by 3.23 points to close at 485. 38 points.

A total of 40,371,778-unit shares of 329 companies were traded for Rs 17. 26 billion.

Meanwhile, Progressive Finance Limited (PROFL), Barun Hydropower Co. Ltd. (BARUN), SANJEN JALAVIDHYUT COMPANY LIMITED (SJCL) and Nepal Warehousing Company Limited (NWCL) were the top gainers today, with their price surging by 10. 00 percent.

Likewise, Asian Hydropower Limited was the top loser as its price fell by 10.00 percent.

At the end of the day, total market capitalization stood at Rs 4. 27 trillion.

US Ambassador to Nepal, Dean R. Thompson paid a courtesy call on Minister for Industry, Commerce and Supplies, Damodar Bhandari, at the latter’s office in Singha Durbar today.

On the occasion, Minister Bhandari said that Nepal and the US have common views on topics like democracy, human rights, sovereign equality, stating the US was the first country providing foreign assistance to Nepal.

"I express high appreciation to the American government for extending cooperation for the economic-social development and strengthening the democratic institutions of Nepal. The development cooperation received from the United States of America has made an important contribution to various sectors including education, health, transport, communication, agriculture and environment among others," he said.

Noting that the US is the second biggest destination country for export of Nepali goods, the industry minister said it was an important country also in terms of the number of tourists visiting the country.

"Nepal and the USA entered into the Trade and Investment Framework Agreement (TIFA) in 2011 and this Ministry has been leading the country in the meetings of the TIFA Council under this agreement, representing the Government of Nepal," he added.

The Sixth Meeting of the Council was held in Kathmandu on May 19, 2023. The minister stated the meeting held discussions on various topics of bilateral trade and investment promotion. The minister expressed that the Seventh Meeting of TIFA Council will take place in the USA in the near future.

Referring to the facility provided by the US government for customs-free entry in the US market to 77 types of goods manufactured in Nepal until the end of 2025 through Nepal Trade Priority Program for supporting Nepal for its post-earthquake economic revival, Minister Bhandari said, "I highly commend this facility that the American government provided to Nepal during the then time of distress."

Stating that trade and competitive programs are now in implementation with the support of USAID and collaboration of Nepal's private sector, financial sector and concerned ministries, he expressed the belief that such program would help in professional capacity building of micro, small and middle-scale entrepreneurs as well as to export Nepali products in USA and European market.

Minister Bhandari mentioned that Nepal has received direct foreign investment from the US in different sectors including communication and Information Technology, energy and agriculture, adding the government made attempts to create a more investment-friendly environment amending seven different laws in the eve of recently held investment summit.

The industry minister expected more investment in hydropower, energy, tourism, information technology from the US government.

Similarly, the US Ambassador said the collaboration between US and Nepal would be continued in different sectors including health, education, transport, communication, agriculture and environment.

Explaining that programs of USAID, which was said to be discontinued in past, would be continued, he mentioned that the meeting of Trade and Investment Framework Agreement between the government of Nepal and the government of the United States of America entered into force in 2011 would be held in Nepal on coming September 16 and 17. 

He also assured of taking efforts to expand the deadline as the deadline of the facility exporting 77 different products of Nepal in the US market has remained till the end of 2025.

Simrik Ventures, in collaboration with Kathmandu University (KU), has launched the Bachelor in Aviation Management (BAM) program—the first of its kind in Nepal. The BAM program is offered under the Kathmandu University School of Management (KUSOM) and is affiliated with Siddhartha Vanasthali Institute in Banepa.

During a program held in Banepa, Vice-chancellor of Kathmandu University (KU), Bhola Thapa, inaugurated the School of Aviation Management. He emphasized that KU has always prioritized youth-oriented programs and has been committed to producing human resources for industry and economic development. “Management faculty is the strength of KU,” he added.

Thapa further stated that aviation is a critical sector, making it essential to educate students and develop skilled human resources. “This program will also help connect KU with the international market, as the aviation sector is not limited to a single country.”

The BAM program combines industry experience, educational legacy, and academic excellence to provide students with comprehensive training and preparation for success in Nepal’s growing aviation industry.

The four-year undergraduate program aims to equip students with the skills and knowledge necessary to effectively manage aviation operations, airlines, and airports. The curriculum covers a wide range of topics, including aviation law and regulations, aviation safety and security, air traffic control, airport planning and management, airline operations, aviation finance and economics, aviation marketing and sales, and human resources management.

The program also offers practical training in managing aviation-related activities. Students will learn about various aspects of aviation, including technologies, equipment, and systems. The students will also learn how to handle complex situations, work under pressure, and communicate effectively with a diverse range of stakeholders.

Pushpa Ram KC, chair of Siddhartha Vanasthali Institute, said that the BAM program is not just an academic course but a visionary step towards shaping the future of the aviation industry in Nepal and beyond. “We envision Nepal becoming a hub for aviation education in Asia and beyond, contributing significantly to the socio-economic development of our country.” 

Sanjiv Udash, executive director of the BAM program, highlighted the opportunities awaiting students, including roles in airport management, airline operations management, aviation safety and security, aviation consulting, and aircraft leasing and finance. “To ensure students receive the best education and personal growth, the program offers state-of-the-art facilities, such as modern classrooms equipped with the latest technology for an enhanced learning experience, a comprehensive library with a wealth of resources for research and study, and sports and recreation facilities that encourage a healthy and balanced lifestyle.” 

He further said the program is committed to recognizing and supporting academic excellence and dedication through various scholarships and awards, including Achievers Awards for outstanding achievements and Academic Excellence Awards for celebrating academic brilliance. “Around Rs 850,000 will be the cost for the four-year program, and there are 33 seats available per year. The application form is open until Aug 23, and the entrance exam (KUUMAT) is scheduled for Aug 30.”

The program was attended by several notable figures, including Capt Rameshwar Thapa, chairperson of Simrik Ventures; Pradip Raj Pandey, former general manager of Nepal Airlines and founder and former CEO of Nepal Tourism Board; Achyut Wagle, registrar of KU; Bijay KC, dean of KUSOM; and Bijay Shrestha, vice-chair of Himalayan Airlines. Capt Thapa provided a token of love to the guests of the event.

Admission requirements 

Nepali or non-Nepali nationals with a 10+2, intermediate, or equivalent level study program of at least two years in any discipline with a minimum of 40 percent in aggregate or a CGPA of 1.6 on a scale of 4.0, and a minimum D+ grade in each subject from a university or board recognized by KU, are eligible to apply. GCE Advanced Level students must have passed a minimum of three subjects in A Level and one general paper in AS Level with similar marks/grades requirements. International Baccalaureate (IB) students must have passed a minimum of six courses (at least three courses in Higher Level) with 24 points in aggregate. CTEVT students should have a three-year diploma with 40 percent in aggregate, and CBSE students must have a minimum of 40 percent aggregate. Additionally, 10 percent of the seats are reserved for foreign students. However, all applicants must appear for and pass the KUUMAT entrance test.

Career opportunities

Airport management

• Airport Operations Manager
•  Airport Security Manager
• Airport Facilities Manager

Airline management

• Airline Operations Manager
• Revenue Management Analyst 
• Customer Service Manager

Aviation safety and security

• Aviation Safety Inspector
• Safety Manager

Aviation consulting

• Aviation Consultant
• Regulatory Affairs Specialist 

Aircraft leasing and finance

• Leasing Manager
• Finance Analyst

Air traffic management

• Air Traffic Controller
• Air Traffic Management Specialist

Government and regulatory bodies

• Aviation Policy Analyst
• Regulatory Compliance Manager

Aviation logistics

• Logistics Manager
• Supply Chain Coordinator

Aviation marketing and sales

• Marketing Manager
• Sales Manager

Aviation training and education

• Training Manager
• Aviation Instructor

Astha Giri of Machhapuchchhre Tole, Pokhara Metropolitan City-7 was happy to buy fresh vegetables near her house on Monday evening.

Many homemakers like her were crowding to buy vegetables there. Consumers are happy after the Pokhara Metropolitan City opened a farmer's mart at Ward 7 Ratnachowk from Monday for the sale of vegetables brought by agri-ambulances from different villages.

Holding a bag full of vegetables such as seasonal green vegetables, tomatoes, and bitter gourd in her hand, Astha said, "We used to go to Prithvi Chowk to buy vegetables. We are happy now that we get fresh vegetables so close to our home. To promote the consumption of local products, the metropolis has launched farmer's markets at various locations in Pokhara, it is said.

The metropolis has launched an agriculture ambulance to bring the agricultural products produced in the village to the market to directly connect consumers with farmers so that the middle man cannot impose high costs to the consumers. The agricultural ambulance has helped in the sale and distribution of vegetables produced in the rural settlements of the metropolis free of cost. Since last year, the metropolis has launched an agricultural ambulance.

Manhar Kadaria, Head of Metropolitan Agriculture and Economic Development Division, said that 'agriculture ambulances' connect producers and consumers easily and effectively.

According to him, such markets are conducted once a week in seven places of Pokhara, but due to increasing demand, markets are conducted twice a week in some wards of the metropolis.

Kadaria further said that collection centers have been established at 21 places in the metropolis for the collection of agricultural products produced by small farmers in rural areas and ambulances reach those places and bring the agricultural products to the market.

Pakistani Ambassador to Nepal Abrar H. Hashmi paid a courtesy call on Minister for Foreign Affairs Arzu Rana Deuba on Monday.

During the meeting, various matters relating to Nepal-Pakistan relations and cooperation were discussed. 

Nepal and Pakistan have had an excellent relationship since the establishment of diplomatic relations in 1960.

There is a close collaboration in the areas of economic collaboration, trade and investment, tourism and in the areas of education and culture. 

Bagmati Province Chief Minister Bahadur Singh Lama is seeking a vote of confidence today.

The meeting of the Bagmati Province Assembly is scheduled to begin at 3 pm, according to Purna Bahadur Darji, secretary at Province Assembly secretariat.

CM Lama is undergoing a floor test as per constitutional mandate of securing confidence vote within 30 days of appointment.

Nepali Congress leader Lama was appointed CM on July 23. He is now seeking a vote of confidence as per Article 168 (4) of the constitution of Nepal, and Rule 143 (1) of Province Assembly Regulation, 2074.

The Nepali Congress has 37 members, while ruling partner CPN-UML 27, and CPN (Moist Center) 21, RPP 13, CPN (Unified Socialist) seven and Nepal Workers and Peasants' Party (NWPP) three, and Hamro Nepali Party two.

NC leader Bahadur Sing Lama was appointed as the Chief Minister following the agreement between NC and UML for the coalition government.

The price of gold has dropped by Rs 100 per tola in the domestic market on Tuesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 146, 000 per tola today. It was traded at Rs 146, 100 per tola on Monday.

Similarly, tejabi gold is being traded at Rs 145, 300 per tola.

Meanwhile, the price of silver has dropped by Rs 10 and is being traded at Rs 1,740 per tola today.

A highway eatery has been fined for selling stale food to the customers at Malekhu, Dhading.

New Riya Hotel located at Char Kilo of Thakre Rural Municipality-8 in the district was found selling unhygienic food to the customers, thereby prompting the local authority to take action.

The District Administration Office fined Rs 200,000 to the hotel owner as per Consumer Protection Act, 2075.

After the consumers complained that the eatery provided contaminated things such as samosa and curry that were emanating a rancid smell, it was taken action by a market monitoring team led by Assistant Chief District Officer, Yubraj Aryal.

On Sunday morning, Assistant CDO Aryal was informed over phone that the New Riya Hotel was selling unhygienic food items.

Immediately after receiving the information, a police team from Khanikhola Office reached the hotel. "As the food items kept for sale were found stinking, the hotel owner was taken under control and a report prepared in the presence of a team including ward chairman," Aryal added. 

The foods kept for sale were prepared a day before. The hotel proprietor later admitted that the refrigerator conked out, thereby mistaking temperature.

Samosa and curry were found to be cooked a day before, emanating a foul smell.

The hotel has been providing eatery for the bus passengers, especially to and from Kathmandu via Dhading.

The owner of the hotel is Rajesh Pathak (39) from Shivapuri Rural Municipality of Nuwakot district.