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The Nepal Stock Exchange (NEPSE) plunged by 17. 18 points to close at 2,240.41 points on Monday.

Similarly, the sensitive index dropped by 4. 07 points to close at 397. 18 points.

A total of 25,079,079-unit shares of 322 companies were traded for Rs 8. 73 billion.

Meanwhile, Civil Bank Debenture 2088 (CBLD88) was the top gainer today with its price surging by 10. 00 percent. Likewise, Janaki Finance Company Limited (JFL) was the top loser as its price fell by 10. 00 percent.

At the end of the day, the total market capitalization stood at Rs 3. 55 trillion.

Nabil Bank celebrated its 40th anniversary and extended its commitment to a sustainable future on Friday amid an event in Kathmandu. Coinciding with the anniversary, the bank plans to provide customers more opportunities and facilities. “In this regard, we have begun implementing a sustainable banking system to reduce emissions, invest in renewable energies and to promote socio-economic development,” said Gyanendra Dhungana, CEO of the Bank.

He expressed gratitude to the clients, employees, investors and others working to sustain long-lasting relationships. “The bank has focused on specific development to provide service through technology.”

Chairperson of Nabil Bank, Upendra Prashad Paudyal; Managing Director of Nepal Electricity Authority, Kul Man Ghising; Country Representative of WWF Nepal, Ghana Shyam Gurung; Director-General of ICIMOD, Pema Gyamtsho; and National Director of Habitat for Humanity International Nepal, Eliza Sthapit, were among the attendees.

According to Hanaa Singer-Hamdy, coordinator of the UN Resident in Nepal, “Banks can empower individuals and small businesses, promote ecotourism, and support digital transformation by promoting the use of digital finance and inter probability where the digital transformation is needed to access all the digital services by investing in digital infrastructure.” Since its inception, the bank has always provided technology-based services, claims the Bank. “More than 60 services are currently available via mobile.” The event also featured a panel discussion.

Beginning the Q&A session with the panelists, journalist Bhusan Pathak expressed gratitude to Nabil Bank for the opportunity and offered kind wishes to each and every participant and stakeholder. The purpose of the session was to learn more about their motivation for collaborating and about more about new planning. Nabil Bank’s Chairperson Paudyal said they aim to provide training for new entrepreneurs, adding: Our sustainable banking initiative is meant to provide long-term service and not short-term profit.  Since 2018, we have additionally established an environmental risk management system, and much progress has been accomplished.”

“The banking sector has a tremendous opportunity as it converts to sustainability. The bank needs to beware and invest in hydropower and linear infrastructure development, which is linked worldwide,” said Gurung, recognized as the WWF Network’s Snow Leopard Champion. Sthapit shared her thoughts on relationship building, interrelation and partnership with Nabil. 

Gyamtsho addressed water management and air pollution, saying, “Investing in and conserving hydroelectricity for people in need can help ensure sustainability. To combat air pollution, one must be able to invest in electric vehicles in Kathmandu’s most polluted areas. He added, “This brings out a huge opportunity for a bank to look forward to sustainability.”

According to Ghising, sustainability is crucial for social and economic as well as environmental reasons. “EVs are now operating in rural areas of Nepal also, and this transformation has been made possible by a reliable supply of hydropower,” he continued. “Demand and investment in induction EV charging stations are also crucial. Our electricity export now surpasses imports,” he said, calling for stronger commitments on the part of the government on the development front. 

Nabil Bank has been providing services through 22 extension counters and 316 ATM machines with a network of 268 branches across the country, serving more than 2.2m customers through direct banking services.

President Ram Chandra Paudel today administered the oath of office and secrecy to all 19 newly-appointed ministers in the KP Sharma Oli-led government.

Prithvi Subba Gurung has been appointed as the Minister for Communications and Information Technology, Ramesh Lekhak as  Minister for Home Affairs, Sharad Singh Bhandari as Minister for Labour, Employment and Social Security,  Arzu Rana as Minister for Foreign Affairs, Pradip Yadav as Minister for Water Supply and Sanitation, Balaram Adhikari as Minister for Land Management, Cooperatives, and Poverty Alleviation, Damodar Bhandari as Minister for Industry, Commerce and Supplies, and Nawal Kishor Shah Sudi as Minister for Women, Children, and Senior Citizens.

Likewise, Devendra Dahal has been appointed as the Minister for Physical Infrastructure and Transport, Tejulal Chaudhary as the Minister for Youth and Sports, Pradip Paudel as the Minister for Health and Population, Ajay Kumar Chaurasiya as the Minister for Law, Justice and Parliamentary Affairs, Badri Prasad Pandey as the Minister for Culture, Tourism and Civil Aviation, Ramnath Adhikari as the Minister for Agriculture and Livestock Development, Bidhya Bhattarai as the Minister for Education, Science and Technology, Manbir Rai as the Minister for Defense, Deepak Khadka as the Minister for Energy, Water Resources and Irrigation, Raj Kumar Gupta as the Minister for Federal Affairs and General Administration and Ain Bahadur Shahi as the Minister for Forests and Environment.

Prior to this, Prime Minister KP Sharma Oli took the oath of office and secrecy.

It was followed by the oath-taking ceremony of Deputy Prime Ministers Prakashman Singh and Bishnu Prasad Paudel.

Vice President Ram Sahaya Prasad Yadav, Prime Minister Oli, Chief Judge Bishowambhar Prasad Shrestha, Speaker Devraj Ghimire, National Assembly (NA) Chairperson Narayana Prasad Dahal, outgoing Prime Minister Pushpa Kamal Dahal 'Prachanda', former Prime Minister Sher Bahadur Deuba, Jhalanath Khanal and Dr Baburam Bhattarai, various political leaders, lawmakers, government's senior officials, chiefs of security agencies, chiefs and representatives of Nepal-based diplomatic missions and distinguished personalities from different walks in the society were present on the occasion.

President Ram Chandra Paudel administered the oath of office and secrecy to newly-appointed Deputy Prime Ministers Prakash Man Singh and Bishnu Prasad Paudel today.

They took the oath amidst a special ceremony held at Rashtrapati Bhawan, Sheetal Niwas this morning.

Singh took the oath as the DPM and Minister for Urban Development while Paudel as the DPM and Minister for Finance.

Vice President Ramsahay Prasad Yadav, Prime Minister KP Sharma Oli, Chief Justice Bishwambhar Prasad Shrestha, Speaker Devraj Ghimire, National Assembly chair Narayan Prasad Dahal, outgoing Prime Minister Pushpa Kamal Dahal 'Prachanda', former Prime Ministers Sher Bahadur Deuba, Jhalnath Khanal and Dr Baburam Bhattarai, leaders of various political parties, lawmakers, high-ranking officials of the Government of Nepal, chiefs of security agencies, heads and representatives of foreign diplomatic missions in Nepal and distinguished persons contributing in various fields of social life were present in the ceremony.

Prime Minister KP Sharma Oli expanded his Cabinet on Monday.

PM Oli appointed Prakash Man Singh as the Deputy Prime Minister and Minister for Urban Development and Bishnu Paudel as the Deputy Prime Minister and Minister for Foreign Affairs.

Similarly, Ramesh Lekhak has been appointed as the Minister for Home Affairs, Arzu Deuba as the Minister for Foreign Affairs, Ajay Chaurasiy as the Minister for Law, Justice and Parliamentary Affairs and Badi Prasad Pandey as the Minister for Tourism and Culture.

Likewise, Bidhya Bhattarai has been appointed as the Minister for Education, Man Bir Rai as the Minister for Defense, Ram Nath Adhikari as the Minister for Agriculture, Damodar Bhandari as the Minister for industry, Sharad Singh Bhandari as the Minister for Labor, Prithvi Subba Gurung as the Minister for Communication and Information Technology, Pradeep Yadav as Minister for Drinking Water and Nawal Kishor Sah as the Minister for Women.

Furthermore, Devendra Dahal has been appointed as the Minister for Physical Infrastructure, Deepak Khadka as the Minister for Energy, Balram Adhikari as the Minister for Land Reforms, Ain Bahadur Shahi as the Minister for Forest, and Teju Lal Chaudhary as the Minister for Sports.

Newly appointed ministers have already taken the oath of office and secrecy.

Prime Minister KP Sharma Oli took the oath of office and secrecy on Monday.

President Ram Chandra Paudel administered the oath of office and secrecy to PM Oli amidst a special ceremony organized at Sheetal Niwas this afternoon.

President Paudel appointed CPN-UML Chairman Oli as the prime minister as per Article 76 (2) of the Constitution of Nepal.

With this Oli has become the prime minister of Nepal for the fourth time.

He became the prime minister for the first time on October 11, 2015.

Later, he was appointed as the prime minister for the second time on February 15, 2018 and third time on May 13, 2021.

Vice President Ram Sahaya Prasad Yadav, speaker of the House of Representatives Devraj Ghimire, Chief Justice Bishwombar Prasad Shrestha, National Assembly Chairman Narayan Prasad Dahal, outgoing prime minister Pushpa Kamal Dahal, former prime ministers Sher Bahadur Deuba, Jhalanath Khanal, Baburam Bhattarai, lawmakers, representatives of diplomatic missions and chiefs of security agencies among others were present on the occasion.

After taking the oath of office and secrecy, Oli expanded his Cabinet

Resident doctors working in All India Institute of Medical Sciences, Delhi, have asked AIIMS director Dr M Srinivas to provide the status of stipend of the foreign national residents in AIIMS.

In a letter signed by Dr Indra Shekhar Prasad, the president of the association, and Dr Raghunandan Dixit, general secretary, on behalf of all the resident doctors in AIIMS raising their concern regarding the non-payment of stipends of the foreign national residents at AIIMS, have asked for an urgent initiation of the disbursement of stipends to the resident doctors without further delay.

“This long-standing grievance demands immediate redressal and decisive intervention,” said Dr Prasad, in an interview with ApEx.

The resident doctors have been lamenting that they have to perform usual clinical/hospital duties as part of their courses without remuneration, while their Indian counterparts get more than InRs 100,000 for the same job.

At least 60 foreign students enrolled in MD, MS, MDS, DM and MCH courses are working as resident doctors in one of India’s top medical colleges of which most of them are Nepalis. They log 12 hours on a normal shift and have to put in 48 hours extra during emergencies, without getting paid.

“They are working in different departments and have their jobs duty hours scheduled as per the need and emergency. But they have not been provided the stipend till now,” said Dr Prasad.

As their long-pressed demand for stipend has gone unheard, resident doctors at AIIMS had earlier requested the government of Nepal to take up the matter with India. The issue however has not been resolved.

“We have asked for a stipend with the AIIMS administration on humanitarian grounds. No one should be barred from the stipend regarding their nationality and geographical location,” Dr Pradad said.

“Denial of their stipends not only undermines their morale but also tarnishes AIIMS's reputation as a beacon of medical education and equality.”

Unlike at AIIMS, Nepali students in Post-Graduate Institute of Medical Education and Research (PGIMER), Chandigarh and Jawaharlal Institute of Postgraduate Medical Education and Research (JIPMER), Puducherry have been getting the stipend for their service.

These institutions started paying the Nepali students after Prime Minister KP Sharma Oli raised the issue during his visit to India in 2020.

Indian Prime Minister Narendra Modi has congratulated CPN-UML Chairman KP Sharma Oli on his appointment as the prime minister of Nepal.

Indian Prime Minister Modi congratulated Prime Minister Oli through social media.

The Indian Prime Minister said that he is ready to work closely to further strengthen the friendship between the two countries.

He stressed that both countries should work for the progress and prosperity of the people.

Indian PM Modi expressed his confidence that the relationship between the two countries will be further strengthened.

UML Chairman Oli was appointed as the prime minister on Friday.