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Prime Minister KP Sharma Oli is seeking a vote of confidence in the House of Representatives on July 21, Sunday.

CPN-UML Chief Whip Mahesh Kumar Bartaula said that July 21 has been determined as the date on which Prime Minister Oli will be seeking a vote of confidence in the House of Representatives, the lower house of the Federal Parliament.

UML Chair KP Sharma Oli was appointed the Prime Minister on July 14 in accordance with Article 76(2) of the Constitution of Nepal.

The UML Parliamentary Party leader Oli became the Prime Minister for the fourth time with the support of the Nepali Congress, the largest party in the House of Representatives.

He is seeking a vote of confidence in accordance with Article 76 (4) of the Constitution which requires that the Prime Minister appointed on the backing of two or more parties should take the vote of confidence in the House of Representatives within 30 days.

Locals have attacked a team who had come to inspect the proposed railway at Bharatpur Metropolitan City-7 in Chitwan on Wednesday.

They also set their vehicle (Bagmati Province 01-030 Cha 7190) on fire.

The locals, who staged a demonstration saying that the government is constructing the railway in a dense settlement, torched the vehicle today.

Investment commitments in the tourism sector have increased by 20.81 percent in fiscal year 2023/24 compared to the previous fiscal year.

According to the Department of Industry (DoI), it has received Rs 30.53bn worth of investment commitments from 134 different tourism ventures like hotels and cable car projects in 2023/24. The department had received such commitments worth Rs 25.27bn from 76 projects in 2022/23. 

While the number of projects have nearly doubled compared to 2022/23, the investment commitment has not increased in the same proportion, an official at the DoI said. The official said that seven of these projects have made investment commitments above Rs 1bn each.

The largest investment commitment has come from The Massif Hotel Pvt Ltd which has expressed commitment to spend over Rs 4.81 billion. The five-star property, which is being built by Guna Group—a conglomerate having business interests ranging from real estate to the aviation sector—in Gwarko of Lalitpur, will have 302 rooms. According to rating company ICRA Nepal, the estimated cost of the project is Rs 6.5bn and the promoters plan to raise 75 percent of the project cost through bank financing. 

Similarly, Veda Hospitality Pvt Ltd is building a 270-bed hotel in Lumbini. The company promoted by Golyan Group has proposed to invest Rs 4.6bn to build a five-star hotel in Kamahariya of Mayadevi Rural Municipality of Rupandehi. The group has signed a management contract with Hyatt Group. The property will be named Hyatt Regency Lumbini. Golyan Group also operates Hotel Hyatt Place in Soaltee Mode, Kathmandu.

Likewise,  Prabhu Group has proposed to invest Rs 2bn in a cable car project in Icchakamana Rural Municipality of Chitwan. The lower station of the cable car project will be near Ramailo Danda on the Prithvi Highway, while the top station will be at Ichchhakamana Devi Temple premises on the Mahabharat hill.

Hospital entrepreneur Durga Prasai is investing Rs 2.84bn in Hotel Atrium in Jhapa. The hotel will have 120 beds and a 200-seat restaurant. Likewise, Hotel Buddha Pvt Ltd has been registered in Lumbini with an investment commitment of Rs 1.85bn. The hotel will have 200 beds. 

Similarly, Watford Hotel Management Pvt. Ltd. have expressed commitment to invest Rs 1.16bn to open a 92-room hotel. has been registered with an investment commitment of Rs 1.16bn for a 92-bed hotel.

Likewise, KTM Hospitality has made an investment commitment of Rs 1.15bn to open a resort in Chitwan, while Yaksha Hospitality has proposed to invest Rs 2bn to open a 115-room hotel.

The Nepal Stock Exchange (NEPSE) gained 54.04 points to close at 2,364.63 points on Wednesday.

Similarly, the sensitive index surged by 10.25 points to close at 419. 77 points.

A total of 32,095,937-unit shares of 306 companies were traded for Rs 12. 05 billion.

Meanwhile, Central Finance Co. Ltd. (CFCL) was the top gainer today, with its price surging by 10. 00 percent.

At the end of the day, total market capitalization stood at Rs 3. 75 trillion.

Manoj Basnet has been appointed as the General Manager of Annapurna Media Network.

According to the decision of the management of the Annapurna Media Network, Basnet was appointed as the General Manager with effect from July 17.

Annapurna Media Network Chairman Captain Rameshwar Thapa, CEO Sanat Neupane and Editor-in-Chief Akhanda Bhandari welcomed the newly appointed General Manager Basnet amidst a special function held at the Annapurna Post on Wednesday.

Basnet, who entered the media industry through reporting as a district correspondent 17 years ago, has experience working in Kantipur Media Group and Annapurna Post.

Annapurna Post National Daily, Annapurna Express, AnnapurnaPost.Com, AP1 Television and Radio Annapurna are under the Annapurna Media Network.

Basnet has expertise in news reporting, sales, distribution, marketing, corporate strategy, performance management and brand management among others.

Basnet is a professional member of the American Marketing Association.

He is also associated with the International News Media Association (INMA).

Annapurna Express Editor Kamal Dev Bhattarai, Radio Annapurna News Head Bhupal Luintel, Accounts Head Sunil Paudel and HR Head Indu Shrestha among others were present on the occasion.

The Kathmandu metropolis has resumed the expansion of footpaths in the New Road area.

Following the order from the Patan High Court, the metropolis started expanding the footpaths by demolishing the road in New Road.

Earlier, the Kathmandu metropolis and Road Division Office had a dispute due to lack of coordination.

Saying that it was against the standard, the Kathmandu metropolis had cut the  road section between New Road gate and Juddha Salik.

In response, saying that the move of the metropolis was against the law, the Road Division Office had repaired and blacktopped the road section.

The footpath expansion work began following the interim order issued by Patan High Court Judge duo as demanded by the metropolis.

The price of gold has increased by Rs 2, 000 per tola in the domestic market on Wednesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 149, 800 per tola today. It was traded at Rs 147, 800 per tola on Tuesday.

Similarly, tejabi gold is being traded at Rs 149, 100 per tola. It was traded at Rs 147, 100 per tola.

The price of silver, however, has dropped by Rs 10 and is being traded at Rs 1,895 per tola today.  

A day after assuming the high office, Prime Minister KP Sharma Oli has said his government will work to bring positive results in all walks of national life. PM Oli said the new administration will work to make a noticeable impact on areas such as corruption control, development, construction work and public service delivery.

Speaking during a program that the CPN-UML’s Sindhupalchok district committee had organized at the PM’s official residence in Baluwatar on Tuesday, Oli said his government will focus on “good governance and development, corruption control/elimination and development”.
The government will work to remove difficulties facing the people in relation to public service delivery, he said, requesting all people to be confident that the three sectors—social, development and administration—will work in tandem to serve them. 

The government has taken the losses resulting from floods, landslides and natural disasters seriously, he said, adding that it is making arrangements for the distribution of relief materials.

The newly-formed Cabinet has decided to provide relief to the families of individuals missing for 10 days in natural disasters, including landslides, on a par with aid provided to the families of those deceased in the disasters. 

“Governments keep coming and going. But this change of guard has given rise to new hope and trust. The whole country is hopeful that good governance and development will follow. Also people are hopeful of getting the services and facilities easily,” Oli added.

PM Oli and his Cabinet took the oath of office and secrecy at Sheetal Niwas on Monday after his communist party, the CPN-UML, forged a coalition with the center-left Nepali Congress. This is Oli’s fourth term as PM.