Commitment for full compliance of inclusive principle inevitable: Vice President

Vice President Ram Sahaya Prasad Yadav has emphasized the shared commitment and engagement of all sides to fully comply with the inclusive principle in the constitutional organs and bodies.

In his message on the occasion of Constitution Day and National Day, 2082 BS of the Federal Democratic Republic today, he highlighted the need of all-side engagement and commitment for the full implementation of the fundamental rights, consolidation of federal structures and judicious sharing of power, and resources and empowering province and local level.

"The Constitution is a historic achievement of the enduring struggle of the Nepali people. It has laid the foundation for our national aspirations, sovereign rights, and democratic values", the message reads.

Recent efforts and actions to address the 'Gen Z' movement within the framework of the Constitution and the formation of an interim government has reiterated the message of the Constitution's flexibility, solution-oriented nature, and inclusive character, the Vice President noted.

"The Constitution provides us with guarantees of equality, freedom and social justice. The main law of the land has laid the foundation for building a prosperous nation by binding a multi-ethnic, multilingual, multi-religious and multicultural society in the thread of unity," he stated in the message.

Heavy rainfall likely in some places

Moderate rainfall is likely to take place in some areas of the hilly regions of the country, including Koshi, Bagmati, Gandaki, and Lumbini Provinces, as well as a few places in the remaining areas.

In one or two locations in the hilly and Tarai regions of Koshi, Bagmati, Gandaki, and Lumbini Provinces, there is a possibility of heavy rainfall.

Tonight, the weather will generally be cloudy in the hilly regions of the country, including Koshi, Madhesh, Bagmati, and Gandaki Provinces while there will be partial cloud cover in the remaining Terai regions.

There is a chance of moderate rainfall in a few areas of Koshi, Madhesh, Bagmati, and Gandaki Provinces, as well as one or two places in the remaining areas.

The Meteorological Forecasting Division has urged one and all to adopt safety precautions and preparedness, citing the risk of landslides and debris flows due to rain.

Constitution has integrated Nepali society into broader national unity: President Paudel

President Ram Chandra Paudel has said that the present Constitution has integrated Nepali society having ethnic, lingual, religious, cultural and geographical diversities into the broader national unity by ending all forms of discriminations and oppressions resulting from centralized and unitary state systems.

In his message of best wishes on the occasion of Constitution Day today, the President called on all to stay united to realize the aspirations of sustainable peace, good governance, development and prosperity through the federal democratic republic systems.

The Constitution has set a broader goal to create an egalitarian society based on social justice and socialism-oriented economy.

He emphasized the need to ensure equal access for all citizens to services and facilities provided by the State as guaranteed by the Constitution, and to provide social security guarantees to ordinary citizens.

The Constitution has provided equal protection to the unique geographical structure of the mountain, hills and Tarai, which is multi-ethnic, multi-lingual, and multi-cultural. He expects that no one will inflict harm to the mutual harmony, fraternity and coexistence among the Nepalis keeping such diversities in the center.

Today, the Constitution Day (National Day) is being celebrated in commemoration of the epochal achievement of the promulgation of the Constitution of the Federal Democratic Republic Nepal on 20 September 2015.

On this occasion, the President extended best wishes to all Nepali sisters and brothers at home and abroad. The Head of the Nation offered heartfelt tributes to all known and unknown martyrs who sacrificed their invaluable lives during various movements for the establishment of the Federal Democratic Republic. Further, he expressed respect and reverence for the leaders of the political parties who led the movements for the establishment of the republic, lauding the contribution of the common citizens and political activists who participated in the democratic movements.

Constitution Day and National Day, 2025 being marked today (With photos)

The Constitution Day and National Day, 2025 is being celebrated today by organizing several programs.

President Ram Chandra Paudel is scheduled to attend the main function of the day at Army Pavilion, Tundikhel in Kathmandu at 8:30 am today.

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On the occasion, newly-appointed Prime Minister of the Interim Government Sushila Karki is addressing the ceremony.

In the recent adverse political circumstances, events such as procession and parade for the day will not feature in the celebrations.

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The Constitution of Nepal was proclaimed on Ashoj 3, 2072 (20 September 2015) through the epoch-making Constituent Assembly which was formed on the backing of the arduous struggle and sacrifices of the Nepali people.

'The Constitution of Nepal, 2072' was promulgated following the second-round election to the Constituent Assembly with relentless efforts and prolonged disputes.

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It may be noted that the then President Dr Ram Baran Yadav had announced the promulgation of the Nepal Constitution from the CA meeting hall at the New Baneswor-based International Conference Centre in the evening of Asoj 3, 2072 BS.

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PM Karki holds telephone conversation with Indian PM Modi

Newly appointed Prime Minister Sushila Karki held a telephone conversation with his Indian counterpart Narendra Modi on Thursday.

During the conversation between the heads of government of the two close neighbors, matters relating to Nepal-India relations, issues of bilateral interest, and mutual concerns were discussed, it has been said.

On the occasion, Prime Minister Karki extended best wishes to her Indian counterpart on the occasion of his 75th birthday. She also recalled the centuries-old friendly relations between Nepal and India and briefed Prime Minister Modi on the latest political developments in Nepal.

In response, the Indian Prime Minister congratulated Prime Minister Karki on her appointment to the post of Prime Minister of Nepal and pledged the continued support of India to Nepal as a good neighbor in the days to come, according to the Ministry of Foreign Affairs.

 

The Indian Prime Minister extended heartfelt condolences for the tragic loss of life during the recent protests in Nepal. 

Prime Minister Modi conveyed India’s readiness to continue working closely to further strengthen the special ties between the two countries and India’s full support to Nepal in its efforts towards restoring peace and stability, and for the progress of the people of Nepal.

Prime Minister Modi also extended felicitations on the occasion of the upcoming National Day of Nepal.

The leaders agreed to remain in touch.

 

 

 

 

Gold price drops by Rs 900 per tola on Thursday

The price of gold has dropped by Rs 900 per tola in the domestic market on Thursday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 215, 200 per tola today.

Similarly, the price of silver has dropped by Rs 30 and is being traded at Rs 2, 520 per tola.

28th Ganeshman Singh Memorial Day today

The 28th Ganeshman Singh Memorial Day is being observed today.

The supreme commander of the people's movement in 1990 is being remembered by recognizing his contribution to the restoration of democracy in the country.

An epitome of sacrifice and courage in Nepali politics, Singh had become a source of inspiration for many after the success of the people's movement in 1990.

Born on Kartik 24,  1972 BS at Chaksibari in Chhetrapati, Kathmandu, Singh passed away on Asoj 2, 2054 BS. Born into a noble family in Kathmandu, he became active in the campaign to overthrow the Rana regime as a member of the Praja Parishad, Nepal's first political party established in 1997 BS.

He was jailed for many years during his strive for democracy in the country. He joined BP Koirala during exile in India, coming together to establish the Nepali National Congress party in 2003 BS.

Ganeshman was a senior minister in the government formed after the first ever parliamentary elections in 2015 BS. He also played a leading role in the 2036 BS student movement and the subsequent referendum.

Marking the occasion of Leader Singh's 28th Memorial Day, various programs are being organized by the sister and well-wisher organizations of the Nepali Congress. The events start with a wreath-laying ceremony scheduled to be held at the statue of Ganeshman Singh at Shobha Bhagwati in Kathmandu this morning.

 

Banks lower deposit interest rates further

 

The average interest rates offered by banks for the month of Ashoj (mid-September to mid-October), the third month of the current fiscal year 2025/26, have declined further.  Banks have been reducing interest rates in recent months as deposits in the banking system pile up and demand for credit slows.

According to the new interest rate published by commercial banks on Tuesday, the average minimum interest rate on ordinary savings accounts across the 20 commercial banks now stands at 2.75 percent, with the maximum at 3.81 percent. Similarly, the average minimum interest rate on individual fixed deposits (FDs) is 3.39 percent, while the maximum is 5.46 percent.

In the previous month, the average minimum interest rate on savings accounts was 2.76 percent and the maximum was 3.84 percent. For personal fixed deposits, the average minimum stood at 3.49 percent and the maximum at 5.59 percent.

According to the Nepal Bankers Association (NBA), all commercial banks have reduced their savings account interest rates compared to previous month. The decrease ranges from 0.002 percentage points to 0.033 percentage points. For individual fixed deposits, the decline ranges between 0.109 percentage points and 0.126 percentage points.

As a result, most banks now offer a minimum of 2.75 percent percent interest rate on ordinary savings accounts, while individual fixed deposit rates range between 2.75 percent and 5.5 percent. Nine commercial banks have lowered their interest rates on fixed deposits for Ashoj, while 10 banks have kept their rates unchanged. Standard Chartered Bank Nepal, however, bucked the trend, raising interest rate on individual fixed deposits by 0.050 percentage points to 5.18 percent.

Some banks, however, are still offering up to six percent interest on personal fixed deposits. Himalayan, Global IME, Machhapuchchhre, NIC Asia and NMB are offering six percent interest on fixed deposits. Machhapuchchhre Bank is the only commercial bank to increase its interest rates on saving accounts. 

Among government-owned banks, Nepal Bank Ltd is offering up to 5.25 percent on individual fixed deposits and 3.25 percent on institutional fixed deposits. Similarly, Rastriya Banijya Bank is offering 5.5 percent and four percent, respectively, while Agricultural Development Bank has capped its interest rates on fixed deposits at 5.05 percent for individuals and three percent for institutions. 

Analysts say interest rates fell also because of the Monetary Policy for 2025/26 which reduced the bank rate from 6.5 percent to six percent and the deposit collection rate from three percent to 2.75 percent.

Anil Sharma, Executive Director of the Nepal Bankers’ Association, said the continued abundance of liquidity in the banking system and the likelihood of it increasing further has pushed deposit rates steadily downward in recent months.