Nepse plunges by 6. 26 points on Monday

The Nepal Stock Exchange (NEPSE) plunged by 6. 26 points to close at 2,012.07 points on Monday.

Similarly, the sensitive index dropped by 0. 91 points to close at 355. 66 points.

A total of 7,290,200-unit shares of 315 companies were traded for Rs 2. 87 billion.

Meanwhile, Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) and Mai Khola Hydropower Limited (MKHL) were the top gainers today with their price surging by 10. 00 percent. Likewise, River Falls Power Limited (RFPL) was the top loser as its price fell by 9. 98 percent.

At the end of the day, the total market capitalization stood at Rs 3. 19 trillion.

Nepali Embassy in Saudi Arabia denounces media report

The Embassy of Nepal in Riyadh, Saudi Arabia, has denounced a recent media report alleging that the Embassy charged fees from employers' companies for document verification.

In a press statement, the Embassy expressed its serious concern regarding the matter and made it clear that no complaints about such purported irregularities have been lodged with the Mission, as claimed in the media.

The Embassy refuted the credibility of the news article claiming the involvement of Ambassador Nawaraj Subedi, Deputy Chief of Mission Dr Damaru Bhallav Paudel, and Second Secretary Tikaram Upadhayay in such affairs.

The Embassy clarified that during the current online demand paper attestation process, documents are authenticated by the ambassador/deputy chief of mission, following oversight by the operator, document verification officer and labor counselor. 

The Embassy affirmed that no additional fees are charged for this service, apart from the government-determined revenue. Despite facing challenges such as adverse climate conditions, vast territory, and a unique environment, the Embassy said it is committed to serving the service-seekers to the best of its abilities within limited resources.

According to the Embassy, it holds online interactions with relevant authorities, including the Nepal Association of Foreign Employment Agencies and the Department of Foreign Employment, to address issues promptly, including document attestations, rescue operations, and repatriation efforts.

Three tigers die in cage of Parsa National Park

Three tigers kept inside a cage in the Parsa National Park (PNP) have died.

Two male and one female tiger rescued from Chitwan National Park and Thori of Parsa and brought here have died.

An eight-year-old adult male elephant that was brought here after rescuing from Chitwan National Park has also died lately, the Parsa National Park Administration said. PNP Information Officer Santosh Bhagat said the wild cat, which was sick for some days, was found dead when the keepers went to the cage to feed it.

Two tigers kept in a cage at PNP had also died two months back. The PNP Administration said the tigers might have died due to illness as they were kept in a single cage that could accommodate only two tigers.

PNP Chief Conservation Officer, Ram Chandra Khatiwada, informed that the tigers died as they had to be kept in the cage for a long time after rescuing them.

A tiger count conducted in 2022 put the number of Royal Bengal Tigers in PNP at 41.

China positive to operate more flights to different cities of China from Kathmandu, Pokhara: Foreign Minister

Deputy Prime Minister and Minister for Foreign Affairs Narayan Kaji Shrestha termed his visit to China significant and fruitful.

Speaking at a press conference organized at the Tribhuvan International Airport, he expressed his belief that his visit to the northern neighbor would further strengthen the relationships between the two countries.

He said that both sides have agreed to operate more flights to different cities of China from Kathmandu and Pokhara.

Minister Shrestha further said that this would help expand the trade and people-to-people relations between the two countries and bring more Chinese tourists to Nepal.

He said that a discussion was also held on implementing the BRI projects.

The minister was of the opinion that the Chinese side was positive in providing capital and technology to increase the productivity of Nepal's agriculture sector.

Moreover, Minister Shrestha said that he has urged for more participation of Chinese investors in the Third Nepal Investment Summit to be held in Kathmandu on April 28-29.

At the invitation of Chinese Foreign Minister Wang Yi, Minister Shrestha left for China on March 25.

During the visit, he held meetings with high-level political leadership, including Chinese People's Political Consultative Conference (CPPCC) Chairperson, Wang Huning, and Foreign Minister Wang Yi in Beijing.

Matters related to different dimensions of bilateral relations between Nepal and China were discussed on the occasion.

Deputy Prime Minister Shrestha also called on Vice Minister of the Communist Party of China's Foreign Department Sun Haiyan. On the occasion, they discussed ways to deepen relations between the CPN (Maoist Centre) and the Communist Party of China.

DPM Shrestha addressed a pre-investment conference organized at the Nepali Embassy in Beijing, calling upon Chinese investors to invest in Nepal.

He also visited the southwestern city of China, Chongqing Municipality. On the occasion, Shrestha and Secretary of the Communist Party of China Zhejiang Committee Yuan Jiajun held a delegation-level meeting. On the occasion, DPM Shrestha said Nepal and China should move forward together in the journey of economic prosperity.

Similarly, DPM Shrestha also held a meeting with Wang Junzheng, party secretary of China's Xizang Autonomous Region. During the meeting, Shrestha said Nepal and China should move forward together in the journey of economic prosperity. Similarly, Deputy Prime Minister Shrestha met Wang Zhungheng, party secretary of China's Xizang Autonomous Region, and urged him to resolve the problems being faced by the people of the Nepal-China border area.

He visited the Consulate General of Nepal in Lhasa and directed them to pay attention to economic diplomacy. A delegation headed by DPM Shrestha also visited the Kailash Mansarovar area in Tibet. He also met Sichuan People's Government Governor Huang Xiaoxiang and urged him for Chinese investment in Nepal.

Parliamentary hearing process of proposed Auditor General Raya begins

The parliamentary hearing process of the proposed Auditor General Toyam Raya has proceeded from today.

The Secretary-General of the Federal Parliament, Padma Prasad Pandey informed that today's meeting of the Parliamentary Hearing Committee decided to issue a notice to the general public to submit to the committee within 10 days if there is any complaint related to Raya.

The meeting of the Constitutional Council on Sunday decided to recommend Raya, National Statistics Office Secretary, for the appointment to the post.

 

Gold price hits new record at Rs 131, 000 per tola on Monday

The price of gold has increased by Rs 1, 600 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 131, 600 per tola today. It was traded at Rs 130, 000 per tola on Sunday.

Similarly, tejabi gold is being traded at Rs 130, 950 per tola. It was traded at Rs 129, 400 per tola.

Meanwhile, the silver is being traded at Rs 1,535 per tola today.

Demonstration staged outside Singha Durbar demanding repatriation of Nepalis 'trapped' in Russian army

A demonstration was staged in Kathmandu on Monday demanding to rescue the Nepalis ‘trapped’ in the Russian army.

The family members and relatives of those serving in the Russian army staged the demonstration demanding rescue, relief and information about the situation of the missing.

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Police have arrested 12 people who were staging the demonstration demanding rescue of their relatives from the southern gate of Singha Durbar.

They have also demanded that the government make efforts to repatriate the missing and provide compensation to the families of the deceased.

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Bagmati Province CM Jamarkattel seeking vote of confidence today

Bagmati Province Chief Minister Shalikram Jamarkattel is seeking a vote of confidence at 1 pm today.

A meeting of the Business Advisory Committee of the Provine Assembly held on Sunday had fixed the agenda with a decision to put the proposal relating to the vote of confidence for discussion in Bagmati Province Assembly today.

According to Province Assembly secretary Krishna Hari Khadka, the meeting has decided to take a vote of confidence in the meeting of the Province Assembly today. The meeting is scheduled to discuss the proposal related to the vote of confidence of Chief Minister Jamarkattel and present it for decision.

Chief Minister Jamarkattel will present the motion related to the vote of confidence in the Province Assembly meeting and assembly members from different parties will put their views on the proposal, secretary Khadka said.

Chief Minister Jamarkattel was compelled to seek a vote of confidence after the Nepali Congress withdrew its support from the provincial government. Accordingly, he had registered a proposal with the Secretariat regarding taking the vote of confidence.

The CM needs a total of 56 votes in the Province Assembly to sustain the government.

In Bagmati Province, Nepali Congress has 37 members, CPN-UML 27, Maoist Center 21, Rastriya Prajatantra Party 13, CPN (Unified Socialist) seven, Nepal Majdoor Kisan Party three and Hamro Nepali Party two.