Nepse surges by 2. 15 points on Monday
The Nepal Stock Exchange (NEPSE) gained 2.15 points to close at 2,488.09 points on Monday.
The sensitive index, however, dropped by 0.89 points to close at 448. 79 points.
A total of 39,754,711-unit shares of 309 companies were traded for Rs 13. 91 billion.
Meanwhile, Muktinath Krishi Company Limited (MKCL) was the top gainer today, with its price surging by 10. 00 percent.
Likewise, Ganapati Laghubitta Bittiya Sanstha Limited (GMFBS) was the top loser as its price fell by 9.94 percent.
At the end of the day, total market capitalization stood at Rs 13. 91 trillion.
Four Maoist ministers resign from Karnali Province government
Four ministers representing the CPN (Maoist Center) in the Karnali Province government have resigned from their posts.
They tendered their resignation to Chief Minister Yamlal Kandel today.
Those resigning from their posts include Social Development Minister Bir Bahadur Shahi, Economic Affairs and Planning Minister Mahendra KC, Minister for Industry, Tourism, Forests and Environment, Dirgha Rawat and Water Resources and Energy Development Minister Rana Singh Pari
Professional Educators Limited and Nepal Life Insurance Company Limited sign equity investment agreement
Professional Educators Limited (Global Group) and Nepal Life Insurance Company Limited signed an equity investment agreement in line with the broader concept of institutional development on Sunday.
Dr Khagendra Prasad Ojha, Chairman of Professional Educators Limited, and Pravin Raman Parajuli, CEO of Nepal Life Insurance Company Limited, signed the agreement amidst a special ceremony held at the Royal Singi Hotel.
The event was attended by directors, CEOs, senior officials, chartered accountants, and legal advisors from both prestigious companies.
This unprecedented institutional collaboration marks a history making milestone in Nepal’s educational arena, being the first of its kind in the investment sector.
Through educational promotion initiatives and new experiments, Professional Educators Limited aims to establish a sustainable institutional structure in the education sector as it moves forward.
By demonstrating excellence in institutional governance and transparency, Professional Educators Limited proves its commitment to maintaining quality and securing the future of students. This initiative is expected to enhance the company's prestige, marking the investment agreement as a cornerstone for educational endowment and development in Nepal.
Embracing modern physical infrastructure, a technology-friendly educational environment, skilled manpower, clear and transparent policies, and consistently achieving excellent results in academics and students’ performance, Professional Educators Limited plans to offer investment opportunities to the general public bringing out an Initial Public Offering (IPO) in the near future.
The company has already initiated the process of security listing.
With the advance initiatives as these, both parties have pledged to advance collaboratively, anticipating a new epoch of development in Nepal’s educational sector.
Additionally, this partnership is seen as the beginning of a new chapter of prosperity in the institutional development of the education sector provided by Nepal’s private sector.
PM to respond to lawmakers' queries today
Prime Minister KP Sharma Oli is scheduled to respond to the queries of lawmakers in the House of Representatives (HoR) today.
The meeting of the HoR has been scheduled for 1 today.
Prime Minister Oli is participating in a question-and-answer session with lawmakers as per the Chapter 9 of the HoR Regulations, 2079 BS.
According to the Chapter, the Speaker shall fix the first hour of a day in the first week of each month for lawmakers to ask questions on important matters directly related to the Prime Minister or ministers within his or her jurisdiction.
This is PM Oli's first question and answer session with lawmakers after he was appointed the PM for a fourth term on July 14.
The PM had secured a vote of confidence with two-third majority from the HoR on Sunday.
Former state minister Ram Chandra Raya murdered
Former state minister Ram Chandra Raya has been murdered.
A group of unidentified persons murdered Raya by using a sharp weapon at Ratanpur in Chandranagar Rural Municipality-1 last night, the District Police Office, Sarlahi informed.
Though his house is in Malangwa Municipality-4, he often comes to Ratanpur.
Police said that they are searching for the perpetrators.
Vehicular movement resumes on Beni-Darbang road after 10 days
Vehicular movement along the Beni-Darbang road section has resumed after 10 days.
The road section was obstructed due to a landslide at Faparkhet, the border of Beni Municipality-4 and Mangala Rural Municipality-2 on July 12.
The 24-km road is considered the 'lifeline' of western Myagdi.
Due to the obstruction, there was a problem in the movement, construction and transportation of food items as well as transporting the patients to the hospital.
Chief District Officer Laxman Dhakal said, "The risk has not abated on the road section. The Beni-Darwang road section has been open since Sunday evening after the landslide debris was cleared".
Mangala Rural Municipality Chair Sata Prasad Roka said that contingency budget has been demanded for the alternative road and the concerned bodies have been requested to work in such a way that the passengers do not suffer from now on.
Landslides are considered the main challenges along the road section.
The road connects Dhaulagiri, Malika and Mangala rural municipalities of Western Myagdi with the district headquarters Beni.
76 animals dead, 222 rescued at CNP
As many as 76 wild animals of 15 species died at the Chitwan National Park (CNP) in the fiscal year 2023/24. Most of them were spotted deer.
According to Information Officer at CNP, Ganesh Prasad Tiwari, two spotted deer were killed by dogs and 22 others died due to natural causes in the last fiscal year.
Similarly, 21 rhinos died in the same period. Tiwari informed that 18 among them had died due to natural causes, two were killed by poachers and death of one has yet to be ascertained.
Likewise, eight tigers had died due to natural causes.
Six barking deer were found in natural dead condition, he shared. Five elephants and four deer had died of natural causes. In the same period, two ghariyal crocodiles died. Death of one was due to a natural cause and the cause of another has yet to be ascertained.
According to Information Officer Tiwari, two marsh crocodiles, one wild boar and three other species of animals died due to natural causes. Of those found dead, 70 were due to natural causes, two by poachers, two due to dog attacks and causes for two deaths unidentified, he said.
Last year, the CNP had rescued 222 animals. The highest number of pythons (141) were rescued. Likewise, 33 snakes, 11 tigers and an equal number of marsh crocodiles were rescued during the period. Among other animals rescued were six spotted deer, three rhinos, deer, boar and leopard (two each), tortoise and ghariyal crocodile.
Information Officer Tiwari shared that nine animals of other species were rescued in the period.
All Nepali students in Bangladesh safe: Foreign Minister Rana
Minister for Foreign Affairs Arzu Rana Deuba informed that all Nepali students in Bangladesh are safe.
She took to social media this morning to share the information about the status of Nepali students and other Nepalis living in Bangladesh.
"The Dhaka-based Nepali Embassy has been regularly in touch with local authorities, college administration and Nepali students regarding their safe stay, security and other assistance as required", the minister said.
The situation evolving due to the recent developments in Bangladesh has affected Nepali students living there, she said that the Ministry of Foreign Affairs has also made proper arrangements for them to stay there safely and return to Nepal if needed. Minister Rana said that the Embassy has been instructed to make necessary coordination for the safety of students living there and facilitate their travel for those who want to return to Nepal.
On Sunday alone, 115 Nepali students had returned home by air and 305 through Kakadbhitta border point. Foreign Ministry officials welcomed 57 Nepali students who returned home on Sunday morning at the Tribhuvan International Airport.
A 'help desk' has been set up at the Ministry and a responsible office has been designated for necessary coordination, the minister further shared. The Nepali Embassy in Dhaka has been keeping regular contact to assist Nepali students after the news of their issues due to the recent developments in Bangladesh.
According to the Ministry of Foreign Affairs, 1,200 students have returned home from Bangladesh till Sunday. The local students in Bangladesh have been protesting against the quota system in employment set by the government.