Nepse plunges by 0. 21 points on Wednesday

The Nepal Stock Exchange (NEPSE) plunged by 0. 21 points to close at 1,960.60 points on Wednesday.

Similarly, the sensitive index dropped by 0. 17 points to close at 349. 40 points.

A total of 5,874,967-unit shares of 305 companies were traded for Rs 2. 54 billion.

Meanwhile, Infinity Laghubitta Bittiya Sanstha Limited (ILBS) was the top gainer today with its price surging by 9. 99 percent. Likewise, Kumari Sabal Yojana (KSY) was the top loser with its price fell by 10. 00 percent.

At the end of the day, the total market capitalization stood at Rs 3. 10 trillion. 

Jordan Chhetri: I am climbing Everest to test my limits

Jordan Chhetri, a cancer survivor, has embarked on an expedition to climb Mt Everest to raise money for the hospital that cared for him. He was 14 when the doctor told him that he had State 4 Non-Hodgkin's Lymphoma. He beat the disease after nine months of intensive treatment and set up a charity, Perform with Purpose, to raise money for children with cancer by climbing Mt Everest. He also aims to be the first Nepali/English cancer survivor to stand on the Everest summit. In an interview with ApEx, Chhetri talked about his preparation for the Everest expedition. Excerpts: 

How is your health now?

I am in very good health. I have been training for this purpose for 14 months now.

How did it feel to get permission to climb Mount Everest given your health condition?

When I spoke with my doctor about this project, he said it's absolutely fine. I was ecstatic when those words came out.

You were diagnosed with cancer at the age of 13. What was that time like?

It was a strange feeling. I cannot describe this; you have this thing inside of you, threatening to take your life. So it felt scary, to say the least. No one knows how it happens; sometimes it just does, and I am okay with that. I underwent intense chemotherapy which lasted for around nine months. One does not really return to normalcy because there is always a fear of it coming back. But I learned early on that if you dwell on that fear, you will only get depressed and worried. I do not have enough hours in the day to worry about things I can not control.

I am 29 years old now. I will be the first Nepali/English cancer survivor in history to summit the massive mountain! I am doing this for the support of the Southampton Hospitals Charity, for children coming to be treated at the same hospital where I received treatment, inside the Southampton Charity Hospital, specifically on the 5th floor, in the Piam Brown Ward.

How long have you been in Nepal? What kind of preparations are being made for your expedition?

I have been in Nepal for 22 days now. I have been learning and training with the British Gurkha Training Centre in Pokhara. These guys, who are striving to be elite, are something else -hardworking and dedicated to their craft. I am currently in Namche Bazaar, taking an active rest day. This place is beautiful. I have no other words to describe Namche. All the preparatory works, including training, gear check, and briefing, have been completed. I have already received a permit to summit Everest.

You have come to Nepal to climb Mount Everest. Does it have any purpose, or is it just your hobby?

I came to Nepal to learn about the country and climb the world's tallest mountain to test my limits and see how far I can push my body. This mountain is the perfect place for that.

Do you also have plans to support cancer patients in Nepal?

I reached out to some Nepali cancer charities, but none of them ever got back to me. So, I have been raising money solely for the Piam Brown Ward of the Southampton Hospitals.

Who else is in your Everest expedition team?

I am climbing with Gelje Sherpa of AGA Adventures. These guys have been nothing short of amazing, helping me with all my administration work. Adrianna Brownlee of AGA Adventures has been on call 24/7 to answer any questions I had leading up to my project.

Sunkoshi-Marin Diversion Multi-purpose Project achieves tunnel breakthrough

A tunnel breakthrough of the Sunkoshi-Marin Diversion Multi-purpose Project has been achieved.

Prime Minister Pushpa Kamal Dahal inaugurated the tunnel breakthrough amidst a program at Kanadhungri, Sunkoshi Rural Municipality-7 today.

After the Prime Minister pressed on the TBM switch, the TBM machine that had entered the tunnel from Kusumtar of Kamalamai Municipality-2 for digging the tunnel exited from the tunnel from the other side at Kanadhungri on the bank of the Sunkoshi River.

The tunnel stretches from Kusumtar, Kamalamai Municipality-2 to Kanadhungri of Sunkoshi-7. It is 13.3 kilometres long.

Project Chief Mitra Baral said they have been successful to accomplish the breakthrough a year ahead of the target. The breakthrough of the tunnel has been achieved in 19 months of the start of digging of the tunnel.

According to Baral, the tunnel was dug up to 72 meters on a single day. The works of digging the tunnel had started on October 14, 2022. However, the work on digging up the tunnel was disrupted six times since then. The works were stalled as the TBM machine could not dig the tunnel further up due to the dry landslide and mudslide inside the tunnel.

The tunnel has a diameter of 5.5 meters and the quality segment has been used for building the tunnel with the help of high technology. A 30 meters high and 158 meters long dam would be constructed across the Sunkoshi River at Kanadhungri and the water from the dam channeled through the tunnel to Marinkhola stream at Kusumtar.

At Kusumtar, the water would be dropped through penstock pipe from a height of 66 meters to generate 31.07 megawatts of electricity.

The Chinese construction company, China Overseas Engineering has got the contract for the construction of the tunnel. This company has carried out tunnel construction work of the Bheri Babai Diversion Project before this.

Project Chief Baral informed that COVEC was awarded the contract worth Rs 10 billion 50 million and 680 thousand for digging the tunnel alone.

The Project aims to provide irrigation water and produce electricity for the five districts of the Madhes throughout the year.

Along with power generation, the main objective of the project is to provide irrigation facilities on 122 thousand hectares of land in Bara, Rautahat, Sarlahi, Mahottari and Dhanusha districts of Terai by using the infrastructure of Bagmati irrigation project.

According to the project, the total cost of the project is Rs 49.42 billion.

 

Upcoming budget will be introduced in a new manner: PM Dahal

Prime Minister Pushpa Kamal Dahal asserted that the policies, program and budget for the upcoming fiscal year would be introduced in a new manner.

Addressing the party cadres at Mulkot of Sunkoshi rural committee of CPN (Maoist Center) today, PM Dahal, also Chairperson of the CPN (Maoist Center), claimed that the national economy had improved a lot since he held the reign of the government. "Economy has improved a lot since I assumed the leadership of the government."

PM Dahal said that the upcoming policy, program and budget would be formulated by targeting those lagging behind in economic index thereby laying the foundation of socialism.

To make the government's upcoming policy and program more people-oriented, he said that suggestions would be solicited from various parties.

Furthermore, the Head of the Government said that the incumbent government had firmly taken forward the campaign for good-governance, social justice and prosperity, and had set a new record in the campaign of good-governance.

According to him, the incumbent government had worked hard to deliver justice for loan shark victims, to control smuggling of gold and bring to book the culprits of Lalita Niwas land grab scam among others.

He reaffirmed the commitment to continue with the pro-public works despite the fact that a few people did not like the reformative actions spearheaded by the government.

On a different note, the PM mentioned that the incumbent government had promoted Nepal's relations with international communities in a balanced manner and diplomatic relations of Nepal with other countries were further becoming stronger with the exchange of high-level visits in recent days.

Minister for Energy, Water Resources and Irrigation and CPN (Maoist Center) Deputy General-Secretary Shakti Bahadur Basnet, Member of Parliament from Sindhuli district, Lekhnath Dahal, party leader and former Minister Haribol Gajurel and Bagmati Province Assembly member Yuwaraj Chaulagain, among others were present in the program.

 

Lawmaker Suhang Nembang takes of office and secrecy

CPN-UML candidate Suhang Nembang, who was elected to the House of Representatives from Ilam-2, took the oath of office and secrecy on Wednesday.

Speaker Devraj Ghimire administered the oath of office and secrecy to Nembang amidst a function organized at the hall of Agriculture Committee in Singha Durbar this afternoon.

Deputy Speaker Indira Rana, Law, Justice and Parliamentary Affairs Minister Padam Giri, Defense Minister Hari Prasad Uprety, chief whips of various political parties and Parliament Secretariat General Secretary Padam Prasad Pandey among others were present on the occasion.

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Nembang defeated Nepali Congress candidate Dambar Khadka by a margin of 5, 830 votes in the by-election held on April 27.

Nembang mustered 27, 772 votes while his closest contender Khadka garnered 21, 942 votes.

The by-election was held in Ilam-2 after the demise of Subash Nembang, father of Suhang Nembang.

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Gold being traded at Rs 136, 400 per tola

The gold is being traded at Rs 136, 400 per tola in the domestic market on Wednesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, tejabi gold is being traded at Rs 135, 750 per tola.

Similarly, the silver is being traded at Rs 1,675 per tola today.  

Drought takes toll in Humla; crops dry up in fields

Humla is currently in the grip of a long spell of drought. Due to the drought, the ready-to-harvest crops, including wheat in the fields of Bargaun, Thehe, Limatang, Torpa and other villages here have dried up.

Farmers of Simkot Rural Municipality-1, 2, 3 and 4 complained that the crops have been ruined due to drought.

In absence of alternative water arrangements, they are worried about cultivating another crop and eking out a livelihood for their families.

Gajima Lama, a resident of Simkot Rural Municipality-3, said famine might take place in absence of snow in the winter. 

There has been no snow this year, she said, adding that there may emerge a situation of starvation in the area.

Lama further voiced her complaint that she could not cultivate crops now due to lack of rain as it was already delayed to sow millet.

Gaugora Bohara, a farmer of Simkot Rural Municipality-2, Thehegaun said they could not cultivate chilies, corn, pumpkins and other vegetables in the wait for rain.

"Eight to 10 years ago, the fields were not dry like this, but the problem has arisen when there is no snow and rain in the winter season this year", he shared.

PM Dahal directs authorities to complete remaining works of Sunkoshi Marin Diversion on time

Prime Minister Pushpa Kamal Dahal has directed the authorities to complete remaining works of the Sunsari Marin Diversion Multipurpose Project in the designated time.

After enquiring about the project in the course of monitoring its site in Sunkoshi Rural Municipality today, PM Dahal directed to diagnose possible problems in the project and fix them in a timely manner, PM's personal secretariat informed.

"There may emerge several challenges in the multipurpose project having larger scope of work", PM Dahal said, adding, "Please be prepared with thinking, action plan and early preparation to identify and resolve the problem". 

He also instructed the authorities to work in a way to get returns of investment on time.

PM Dahal directed the project chiefs to prepare a concrete action plan for punishment and rewards to the project employees.

Stressing the need for completing the construction works related to barrage, powerhouse, electromechanical, transmission line, river control and social development works on time with high priority, the Prime Minister said that all the works as specified in the action plan and procurement master plan should be completed within the stipulated time.

Assuring that there would be no budget crunch as marine diversion is a transformative project of national pride, PM Dahal said that the government would fully facilitate the construction of the project.