Nepse surges by 6. 22 points on Tuesday
The Nepal Stock Exchange (NEPSE) gained 6.22 points to close at 2,085.30 points on Tuesday.
Similarly, the sensitive index surged by 1.95 points to close at 372. 02 points.
A total of 8,305,786-unit shares of 315 companies were traded for Rs 4. 08 billion.
Meanwhile, Global IME Laghubitta Bittiya Sanstha Ltd. (GILB) was the top gainer today, with its price surging by 10. 00 percent. Likewise, Buddha Bhumi Nepal Hydropower Company Limited (BNHC) was the top loser as its price fell by 5.51 percent.
At the end of the day, total market capitalization stood at Rs 3. 30 trillion.
Influence of local wind brings rain and respite in Valley
The Kathmandu Valley witnessed a thunderstorm due to the influence of the local wind today.
According to the Meteorological Forecasting Division, the local wind developed from the vicinity of Butwal, southwest of Katmandu, entered the Valley via Dhading, causing the rainfall.
According to the Division's senior meteorologist Min Kumar Aryal, the wind triggered the rains for one-and-a-half hours before moving towards the north. This is a pre-monsoon phenomenon, he said.
At present, Nepal is experiencing the influence of local winds, partial impact of the Westerly wind, and a low-pressure system that is currently spread from the Northwest State of India to East Bengal.
According to the Division, it is partly to generally cloudy in Koshi, Madhesh, Bagmati, and Gandaki Provinces along with the hilly regions and partly cloudy in the rest of the country.
Light to moderate rain with thunder and lightning is likely to take place at a few places in Koshi, Madhesh, Bagmati, Gandaki, and Lumbini Provinces and at one/two places in the rest of the country.
There are chances of light snowfall at one or two places in the country's high hilly and mountainous region.
Similarly, tonight, it will be partly to generally cloudy in Koshi, Madhesh, and Gandaki Provinces along with the hilly regions and partly cloudy to mainly fair in the rest of the country. Light to moderate rain with thunder and lightning is likely to occur at a few places in Koshi, Madhesh, and Gandaki provinces and at one/two places in the rest of the country.
Monsoon is anticipated to enter Nepal on June 13, although this date may vary by a couple of days. In Nepal, the monsoon period is tentatively set from June 1 to September 30.
More rainfall than average has been predicted during monsoon this year in Nepal.
MCC Deputy Vice President Brooks calls on FinMin Pun
Millennium Challenge Corporation (MCC) Deputy Vice President Jonathan Brooks called on Finance Minister Barshaman Pun on Tuesday.
A team led by Vice President Brooks called on Finance Minister Pun at Singha Durbar today.
During the meeting, Minister Pun said that the government is committed to complete the MCC Projects within the deadline.
He said that there will be coordination and cooperation from the Ministry to complete the project on time.
“The government is committed to completing the project of the MCC Compact on time,” he said.
Saying that the works are being carried out in full swing, Minister Pun said that he is confident that the project would be completed on time.
Minister Pun assured that the problems like land compensation and use of forest area among others to be surfaced during the implementation of the project would be resolved through MCC Nepal.
Vice President Brooks informed Minister Pun about the progress being made in the construction of transmission lines and roads under the project.
He expressed his satisfaction over the progress.
Nearly Rs 60 billion under the MCC would construct 315 km long transmission lines and 77 km roads in five years.
According to the agreement, out of Rs 60 million, MCC would provide Rs 45 billion as a subsidy while the Nepal government has to invest Rs 15 billion.
Out of Rs 45 billion grant, most of the amount will be spent on the construction of the Nepal-India international transmission line.
The project will build a cross-border transmission line from Butwal to Gorakhpur in India.
A 315 km long double circuit 400 KV transmission line will be constructed.
Similarly, the construction of substations at Ratmate in Belkotgadhi Municipality of Nuwakot, Damauli in Tanahun and Bhumhi in Nawalparasi West has already been started.
Likewise, the electricity to both the 400 KV sub-station under construction by the Nepal Electricity Authority at Lapsiphedi in Kathmandu and the authority's 400 KV sub-station at Hetauda in Makawanpur will be supplied from Ratmate.
This is the largest transmission line in Nepal that can transmit 400 KV high- capacity electricity.
A total of 856 towers will be constructed under the project.
The transmission lines will be built in Kathmandu, Nuwakot, Sindhupalchowk, Dhanding, Makawanpur, Chitwan, Tanahun, Palpa, Nawalpur and West Nawalparasi.
The quality of the 305 km strategic road network will be improved under the project.
The 40 km Dhankhola-Lamahi road section from Bhaluwang of Dang along the Mahendra Highway to the west has been expanded through new technology and the 35 km Lamahi-Shivakhola road section of the same highway has been repaired.
The expansion of the Pokhara-Baglung road section of the Mid-Hill Pushpalal Lokmarga has almost been completed.
Nepal and the US signed the MCC project in 2017 and it was implemented with the endorsement of the House two years back after a prolonged debate and discussion at the high political leadership.
ICC Men’s T20 World Cup: Nepal taking on Netherlands today
Nepal are locking their horns against the Netherlands in their first match of the ICC Men’s T20 World Cup today.
Nepal, which are in Group D, will play against the Netherlands at 9:15 pm Nepali time at the Grand Prairie Cricket Stadium in Dallas, USA.
Along with Nepal, the Netherlands, Bangladesh, Sri Lanka and South Africa are in Group D.
Nepal will play their second match against Sri Lanka on June 11, third against South Africa on June 14 and fourth against Bangladesh on June 16.
Nepal are playing in the World Cup after a decade.
It is necessary for Nepal, which are aiming to make into Super Eight, to register a victory in the first match.
So far, out of 12 T20I matches, Nepal have won five matches, lost six matches and made one match draw.
Nepal and the Netherlands are competing for the first time in the World Cup.
Nepali team
Rohit Paudel (team captain), Kushal Bhurtel, Asif Sheikh, Anil Kumar Sah, Dipendra Singh Airee, Kushal Malla, Lalit Rajbansi, Karan KC, Gulsan Jha, Sompal Kami, Pratik GC, Sandeep Jora, Abhinas Bohara, Sagar Dhakal and Kamal Singh Airee.
Gold price increases by Rs 2, 700 per tola on Tuesday
The price of gold has increased by Rs 2, 700 per tola in the domestic market on Tuesday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 142, 700 per tola today. It was traded at Rs 141, 000 per tola on Monday.
Similarly, tejabi gold is being traded at Rs 142, 000 per tola.
Meanwhile, the price of silver has increased by Rs 25 and is being traded at Rs 1,860 per tola today.
KMC arranges 374 beds for helpless at 52 hospitals
The Kathmandu Metropolitan City (KMC) has arranged 374 beds at 52 hospitals for the free treatment of helpless and poor people.
The private hospitals are obliged to allocate minimum 10 percent beds and free treatment to the helpless and indigent people as per KMC's edict.
Public health inspector at Health Department of KMC, Dhanendra Shrestha, informed that, so far, 70 patients benefited from the scheme launched last February. Most of those receiving the service are from out of the capital city.
After the private hospitals flouted legal provisions, the KMC introduced a free treatment work procedure, 2080 and brought to strict implementation.
The KMC has also managed a system where the availability of beds, treatment services and other schemes at private hospitals can be checked online. Some of such indigent patients were discharged after treatment while some still undergoing treatment.
Shrestha further informed that most of such patients are suffering from ear, nose and throat (ENT) problems, and kidney disease, while some had respiratory and eye problems.
A hotline 1180 of KMC could be dialed to receive information about the treatment or for the service.
PM Dahal extends best wishes to Nepali cricketers
Prime Minister Pushpa Kamal Dahal has extended best wishes to the Nepali cricket players for the excellent performance in the ICC T20 World Cup going on in the US.
Issuing a press note today, PM Dahal believed that the World Cup would further glorify Nepal's identity.
He said he was confident that Nepali team would achieve a historic victory.
PM Dahal reminded that the government he had led were taking significant decisions for the development of sports and encouragement to players while the country known for the Sagarmatha and the Buddha is adding a new hat- the country of cricket players.
"Nepali team is playing the ICC T20 World Cup after a decade. It is a matter of glory. It has drawn global attention towards Nepal. I thank Nepali cricket team for its untiring efforts and struggle for success," PM Dahal reiterated.
AMN, Jasmine Hygiene pledge Rs 1m for menstrual health
In a move to promote menstrual hygiene and create inclusive economic growth opportunities, USAID Nepal and the USAID Water, Sanitation, and Hygiene Partnership and Learning for Sustainability #2 (WASHPaLS#2) Dignified Workplace Program convened around 100 Nepali business leaders to celebrate Menstrual Hygiene Day 2024 in Kathmandu.
The event underscored the commitment of Nepal’s industrial and private sector leaders to fostering menstruation-friendly workplaces, highlighting the positive impact on working women and businesses. This initiative aims to create inclusive economic growth opportunities for all Nepali people.
Two major pledges marked the event: Dignified Workplace Advisory Board members and directors of the Annapurna Media Network, Sachan Thapa and Subha Khanal, committed Rs 1m worth of media spotlight to the Dignified Workplace Program in Nepal. Additionally, Executive Director of Jasmine Hygiene, Punit Sarda, pledged NPR one million worth of sanitary pads to the program.
USAID Nepal Health Office Director Patricia Mengech attended the event and stated, “The United States Government, through the US Agency for International Development (USAID), is proud of our partnership with the private sector to dignify menstruation across the country and improve the sexual and reproductive health of women workers in Nepal. This support is part of a long-standing partnership—dating back over 70 years—between the US Government and Nepal to improve the health care and wellbeing of Nepalis. By helping remove another obstacle to the advancement of women, together we are contributing to our joint responsibility to make sure economic growth is inclusive of the vulnerable, poor, and marginalized populations (which so often include women), and to promote gender equality and inclusion.”
Dignified Workplace Advisory Board member Gaurav Agarwal, Director of Everest Hospitality and Chairman of the Shikhar Insurance Board, expressed his gratitude in a vote of thanks, stating, “A Dignified Workplace where women are respected and taken care of, including their menstrual hygiene needs, is a human right.” Agarwal also thanked the client companies pioneering the Dignified Workplace Program in Nepal, including Kathmandu Marriott, Fairfield by Marriott, Shikhar General Insurance, Hotel Tibet in Lazimpat, The Wonderland, ECOORB, Hulas Remittance, Om Gold House, Sunita Foundation, and Simrik Air.
The event saw the presence of several other distinguished Nepali business leaders, including Tsering Dolkar Lama and Tsewang Sadutshang from Hotel Tibet, Sashikant Agarwal from MS Group and Reliance Spinning, Saurav Jyoti from the Jyoti Group, Ram Sharan Ji Bhandari from Hams Hospital, Shikhar Garg from Om Gold House and The Wonderland, and Sahara Joshi from NYEF, among others.
Menstruation often brings shame, embarrassment, and physical discomfort for women in Nepal and globally. The Dignified Workplace program in Nepal, a two-year incubation action research project by USAID Nepal and USAID WASHPaLS#2, aims to improve menstrual health and hygiene (MHH) and sexual and reproductive health (SRH) for women workers. It supports the local Dignified Workplace Network in Nepal to deliver integrated workplace-based advisory services.
USAID/WASHPaLS #2, a five-year (2021–2026) task order funded by the Bureau for Global Health, identifies and shares best practices for achieving sustainability, scale, and impact of evidence-based environmental health and WASH interventions.
