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A team of Kathmandu Valley Crime Investigation Office recovered 462 kg of red sandalwood from Kandaghari on Wednesday.

Sanuram Bhattarai, Chief at the Kathmandu Valley Crime Investigation Office, informed that they are further investigating the case.

“A total of 462 kg of red sandalwood has been recovered from Kandaghari. We will send it to the Forest Office for official verification,” he said.

During the investigation, police have arrested two persons. The identities of the arrestees, however, are yet to be established.

Kathmandu is beautiful. Tourists are fascinated by the myriad things you can do here, from cultural walks and temple visits to one-day hikes and hilly getaways. But for those of us living here, things can become a bit mundane, especially if you don’t have a full day to indulge in activities. This week, we bring to you four things you can do when you are bored and need a little something to cheer you up but only have a few hours at your disposal

Attend the evening aarati at Pashupatinath

The Pashupatinath temple is a really nice place to go to when you want to spend some time by yourself or immerse yourself in some spiritual or religious activities. There’s a lot of space and a lot of things to do in the area. The evening aarati in Pashupatinath riverbanks which in winter takes place from 6:00 pm to 7:30 pm every day is something everybody must witness. It’s a special puja that priests do to worship Lord Shiva and the entire environment comes alive with the sights, sounds, and smells of prayer and worship. Those who have seen it confess to wanting to attend it whenever they can. It’s a sight that slowly calms you down and fills you with a sense of peace. Make sure you go a little before time so that you get a nice place to sit as it can get a bit crowded.

Evening stroll at Patan Durbar Square

A mini vacation is just what we need after a hectic work week. It’s a great way to relax and recharge for another busy week. But a weekend getaway isn’t always possible or practical. This is when a visit to any one of the Durbar Squares in Kathmandu Valley comes in handy. It’s like a mini getaway. There is so much to do and see at the Durbar Squares. Patan Durbar Square is one of our favorites. From quaint little eateries and tea shops to various kiosks selling all sorts of knickknacks, a stroll at Patan Durbar Square makes you feel like a tourist in your hometown. You can just sit on one of the benches at the center of the square and take in the surroundings. It’s especially beautiful at night when all the lights come on. Be sure to bargain if you decide to do some shopping as the vendors tend to hike the prices at random.

Enjoy some delicacies at the farmer’s market at Le Sherpa Restaurant

There are many farmer’s markets in Kathmandu these days. Some happen during the weekdays while others are up and running on the weekends. Our favorite is the one at Le Sherpa that takes place every Saturday from 8:00 am to 1:00 pm. People can be seen just basking in the sun, indulging in some hot tea or coffee or some cold beer too. There are all sorts of stalls with various kinds of food available here to suit your taste. From Biryani and Pad Thai to cakes and cheeses, you can take your pick depending on what you are in the mood for. You can also shop for jewelry, perfumes, handicrafts, home decor, etc. Gather your friends and family and spend a lovely Saturday morning catching up with them at the market while you buy your week’s worth of groceries. You will also be supporting local businesses so it’s a win-win situation.

Spend a few hours at a bookstore

There was a time when Kathmandu didn’t have good bookstores. Now, the book industry is trying to change that. There are many new bookstores coming up and even the ones that have been in business for years have revamped their spaces and services to make shopping for books a fun affair. Ekta books at Thapathali, Kathmandu, spread across three expansive floors, is a nice place to hunt for your next read. They have recently opened a cafe too so you can even have a drink and grab a bite to eat while you read a few pages. Books Mandala in Baluwatar, Kathmandu, is another great place to visit. Here, you are very likely to find the book you have been searching for as they stock all sorts of titles, from popular authors to lesser known writers. Wisdom Books and Aroma Center in Bhanimandal, Lalitpur, can be your go-to place to browse through books, buy some cool notebooks, incense, candles, stationery items, and handicrafts. They have recently opened a small cafe of sorts where you can get some tea, coffee, and homemade food.

Most commercial banks in Nepal have kept their interest rates unchanged for the month of Magh (mid-Jan to mid-Feb). Of the 20 commercial banks in the country, 17 have maintained their interest rates on individual fixed deposits for the 10th month of fiscal year 2024-25, while two have lowered their rates, and one has raised.

Interest rates on deposits are not increasing as credit expansion by banks has been slow due to the prolonged economic slowdown. Because of excess liquidity in the banking system, the central bank mopped up Rs 40bn through a deposit auction on Sunday.

Laxmi Sunrise Bank is the only Class ‘A’ bank that has raised its interest rate for the new month. The bank, which offered 5.5 percent interest on individual fixed deposits in Poush (mid-Dec to mid-Jan), is now offering 5.75 percent in Magh.

Agricultural Development Bank Ltd (ADBL) and Nepal SBI Bank have lowered their interest rates on individual fixed deposits. ADBL, which offered 5.57 percent interest in Poush, is now offering 5.51 percent. It has kept the interest rate on institutional fixed deposits unchanged at 3.25 percent. Meanwhile, Nepal SBI Bank has decreased its rates by 0.5 percentage points for both individual and institutional deposits. Nepal SBI has fixed interest rates for individual and institutional fixed deposits at 5.5 percent and 4.5 percent, respectively, for Magh.

Citizens Bank International has raised its interest rate on institutional fixed deposits by 0.5 percentage points to 4.5 percent. The bank has kept the interest rate on individual fixed deposits unchanged at 5.65 percent.

NIC Asia Bank and NMB Bank are offering the highest interest rate of 6.6 percent on individual fixed deposits in Magh. The two banks are also offering the highest interest rate of 5.6 percent on institutional fixed deposits. Nepal SBI Bank is offering the lowest interest rate of 5.5 percent on individual fixed deposits. ADBL and Standard Chartered Bank are offering the lowest interest rate of 3.25 percent on institutional fixed deposits.

Nepal Bank Ltd, which has kept its interest rate on individual fixed deposits unchanged, has lowered interest rate on institutional fixed deposits by 0.55 percentage points to 4.15 percent.

Everest Bank Ltd, Global IME Bank Ltd, Himalayan Bank Ltd, Kumari Bank Ltd, Machhapuchchhre Bank Ltd, Nabil Bank Ltd, Nepal Investment Mega Bank Ltd, NIC Asia Bank, NMB Bank, Prabhu Bank Ltd, Prime Commercial Bank Ltd, Rastriya Banijya Bank Ltd, Sanima Bank Ltd, Siddhartha Bank Ltd and Standard Chartered have kept their deposit interest rates unchanged.

President Ram Chandra Paudel has expressed the confidence that the Maghe Sankranti festival would inspire one and all to develop a civilized, cultured and an equitable society by preserving nature and culture.

In a message today on the occasion of Maghe Sankranti, the President has extended best wishes to all Nepali sisters and brothers at home and abroad for their happiness, peace and prosperity.

Different communities celebrate this festival in their own ways.

The Tharu community observes it as New Year while the residents in Tarai district mark the day as the festival of baths known as Nahan.

The President has also recalled the tradition of holy bath and offering puja in different religious sites including Barahchhetra, Devghat, Ridi and others.

President Paudel has said that such festivals will have crucial roles in spreading the fame of Nepal after building a common identity of Nepalis by connecting our special and unique festivals, cultural and ethnic diversities.

The President has expressed confidence that such festivals would contribute to maintain brotherhood, mutual reconciliation and tolerance to further strengthen our national unity.

Maghe Sankranti or Makar Sankranti is being celebrated throughout the country today. It is observed by taking holy dips in rivers and ponds, worshiping at various temples and savoring delicacies like ghee, yam, Khichadi and sweets such as Chaku and sweets made of sesame and molasses.

According to astrological charts, Makar Sankranti has special significance as the sun starts its ascendancy entering into the northern hemisphere from this day onwards.

On this day, sunlight moves from the Tropic of Capricorn towards the Tropic of Cancer. It is believed that the days get longer and nights shorter from today itself. According to ‘Bhabisya Puran’ and ‘Dharma Sindhu’, religious texts, devotees will get special blessings and will have a robust body if they observe the festival as per the rituals.

Likewise, the Newar community observes the festival by taking ghee, Chaku and remembering departed souls. This festival is called ‘Ghyo Chaku Sallnhu’. The seniors apply mild-hot edible oil to the heads of juniors on this day.

A large number of devotees throng Devghat, Barahchhetra, Ridi, Panauti, Dolalghat and Kankai in Nepal and Prayag and Gangasagar in India to take a holy bath and perform Shraddha.

The festival has significance in view of Ayurveda and medical science as well. Food items that are taken on this day are the sources of a balanced diet which increases the immunity power of the human body. On this day, a festival is organized at the Tilmadhav Narayan Temple in Taumadhi Tole, Bhaktapur, where puja of Deepakankar Buddha is performed.

The Tharu and Magar communities celebrate this festival as Maghi with much fanfare and gaiety. Likewise, the people in the Tarai districts mark the day as the festival of baths known as Nahan.

The government has announced a public holiday on the occasion of Maghe Sankranti/Maghi festival.

The government has paved the legal way for Nepali Information Technology (IT) companies to invest abroad by amending existing laws through an ordinance. An ordinance to amend some Nepal acts—one of the three ordinances that the government has recommended to the President to issue—enables Nepali IT companies to invest abroad, open their branch offices abroad and bring their earnings back to Nepal.

According to an official at the Ministry of Communications and Information Technology (MoCIT), interested companies must submit applications to the MoCIT to avail the facilities. “After studying the application and assessing the company’s capability, the central bank will provide foreign exchange facility to the company on the recommendation of the ministry,” the official said.

While the government is drawing flak for bypassing parliament to amend laws, industry people say the provisions introduced through the ordinance are crucial for the growth of Nepali IT industry.  They say the government’s fresh moves align with the policies and programs that the government brought for the IT sector through its policies and programs for the fiscal year 2024/25. While recognizing IT as a crucial sector for economic transformation, the budget speech stated that the government aims to achieve IT exports worth Rs 3 trillion and create 500,000 direct jobs over the next decade. 

Nepal exported $515m worth of software and IT services in 2002—a growth of 64.2 percent compared to the previous year, according to a study conducted by the IIDS. As many as 14,728 independent software developers, over 106 companies and more than 50,000 freelancers are involved in the IT service export industry, the report states.

Prime Minister KP Sharma Oli has said that the legal reforms brought through the ordinance will allow Nepali IT companies to invest abroad, open branch offices and legally repatriate their earnings home. “There were some legal hurdles in the IT sector, which the government has addressed through this ordinance,” Oli said in a social media post on Saturday. “We facilitate bringing IT earnings back to the country. We believe this will develop IT as a foreign currency-earning industry.”

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

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 155, 800 per tola today. It was traded at Rs 155, 700 per tola on Sunday.

Similarly, the silver is being traded at Rs 1,860 per tola today.

Classes have been suspended in 93 community schools in Solukhumbu district due to extreme cold. 

Seven local governments have announced winter holidays for the community schools in their area after it became difficult to run classes due to the excessive cold.

Prakanda Neupane, Information Officer of the Education Development and Coordination Unit, Solukhumbu, said the schools have been gradually closing down since last November.

There are 289 community schools in the district and of these, 93 have been closed for the winter holiday.

Out of the eight local levels in the district, all the local levels except Sotang Rural Municipality have given winter holidays.

Nawaraj Parajuli, an employee at the Weather Station at Salleri, said that the temperature has reached minus 20 degrees Celsius in the upper region of the district. The temperature has dropped to minus even in the Salleri region.