Indu Barma new captain of Nepal national women's cricket team
The Cricket Association of Nepal (CAN) has appointed Indu Barma as the new captain of the Nepal national women's cricket team.
Rubina Chhetri had been captaining the national women’s team.
Though Chhetri has been included in the team, Barma will captain the T20 series to be held in Hong Kong.
Vice-captain Bindu Rawal, Rubina Chhetri, Sita Rana Magar, Asmina Karmacharya, Kajol Shrestha, Kanchan Shrestha, Somu Bista, Puja Mahato, Roma Thapa, Sangita Rai, Khusi Dangol, Samjhana Khadka and Sonu Pakhrin are in the team.
The team will leave for Hong Kong to play the four-nation T20 series from November 15 to 19.
Finance Minister Mahat urges Asian banks to invest in Nepal
Finance Minister Dr Prakash Sharan Mahat has urged the banks from Asia to invest in Nepal.
Addressing the Asian Bankers Association (ABA) 39th Conference that kicked off here today, he said there are immense possibilities for investment in Nepal and urged the chief executive officers of the banks from the Asian countries to pump investment in Nepal.
"There is a big opportunity for investment in Nepal for the private sector as well as for foreign investors. Hydropower sector has a huge potential for investment in the context of India pledging to purchase 10,000 megawatts of power from Nepal in 10 years. Therefore, I urge you to invest in hydropower development without any inhibition. The government is committed to facilitating this," the finance minister reiterated.
Stating that the government will promote green energy through policy measures, he said Nepal has set the target of achieving the zero-carbon emission goal by 2045 making all sectors of the economy carbon-free.
Finance Minister Mahat said the World Bank and the Asian Development Bank have also expressed their commitment to invest in the mega hydel projects in Nepal and assured the participating bank CEOs that the government will create an investment-friendly climate to attract foreign direct investment. He added that investment has been increasing in the hydroelectricity development sector in recent years.
The finance minister stated that policy arrangements are being made by the government placing electricity production, small industries and agriculture in priority.
On the occasion, Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari said the country's economy is in normal state despite various challenges and it needed to be made further dynamic. Stating that the time has come to completely restructure the means and resources of the banking sector directly contributing to the economic growth, he stressed on the need of securing sustainable economic growth.
He expressed worry that the inflation rate in the country was still above the limit set by the central bank, saying still some emerging markets and developing economies have been facing high inflation. "The escalating war between Israel and Hamas in West Asia and the drawn-out Russia-Ukraina conflict have posed a challenge in keeping prices stable. As a result of this, many central banks have continued to adopt strict measures through monetary policy, which means we will have to grapple with high interest rate for long time."
Governor Adhikari said that Nepali banks have made progress in a short time and stressed on the need of developing the digital banking system.
He pointed out the need of the Asian banks to make the management effective by internalizing the possible risks so as to prevent problematic loans from increasing. The NRB Governor said the rapid technological change has benefited the banking system a lot and this has been transforming banking into a profession, stressing on its sustainability.
ABA Chair Eugene S. Acevedo pointed out the need of bringing an effective plan along with collaboration for the sustainability of the overall economy of the Asian countries. He expressed the belief that the Conference will help the Asian banks to come up with the concept of their forthcoming strategy.
Nepal Bankers' Association Char Sunil KC said the conference having the participation of the CEOs of banks from Asian countries that is being organised for the first time in Nepal will help form the long-term strategy on their effective role in facing the challenges in the Nepali banking sector.
Representatives of more than 60 banks and financial sectors of 18 countries are attending the two-day conference jointly organized by Nepal Bankers' Association and the Asian Bankers Association.
Nepse plunges by 11. 85 points on Thursday
The Nepal Stock Exchange (NEPSE) plunged by 11. 85 points to close at 1,852. 08 points on Thursday.
Similarly, the sensitive index dropped by 1. 36 points to close at 357. 04 points.
A total of 2,833,731-unit shares of 282 companies were traded for Rs 836 billion.
Meanwhile, Sayapatri Hydropower Limited was the top gainer today with its price surging by 6. 96 percent. Likewise, Mountain Energy Nepal Limited was the top loser as its price fell by 6.58 points.
At the end of the day, the total market capitalization stood at Rs 2. 85 trillion.
PM, ministers to contribute one month’s salary for earthquake victims
Prime Minister Pushpa Kamal Dahal along with federal ministers are to contribute one month's salary to the relief fund for earthquake victims.
A Cabinet meeting held on Thursday decided to donate one month's salary from the Prime Minister to ministers for the assistance of the earthquake victims.
Similarly, the meeting has decided to provide Rs 5 per liter of the infrastructure tax levied on fuel for the Budhigandaki Hydropower Project.
Grade 12 grade improvement exam results out
The National Examinations Board (NEB) has published the results of the Class 12 grade improvement (supplementary) examination.
The NEB stated in a press release today that the results of the Class 12 grade improvement (supplementary) examinations conducted on September 26 and 27, 2023 by NEB, Office of the Controller of Examinations, Sanothimi, Bhaktapur, have been published.
A total 117,882 students had sat for the examination and of them 88,947 or 75.45 percent students have secured grades, according to NEB.
The Board stated that the examination of 15 students was canceled.
Gold being traded at Rs 114, 700 per tola
The gold is being traded at Rs 114, 700 per tola in the domestic market on Thursday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, tejabi gold is being traded at Rs 114, 150 per tola.
Similarly, the silver is being traded at Rs 1, 380 per tola today.
'Quake survivors may face psycho-social problems'
Recommendations have been made to pay attention to the potential psycho-social problems among the earthquake survivors in the quake-hit areas.
A psychiatric doctor underlined the need of stepping up psycho-social counseling, especially to the women and children who are in a state of fear due to the earthquake.
Citizens have been mentally and psychologically traumatized in earthquake-hit areas, Psychiatric Doctor of Karnali Province Hospital Purna Rawal suggested the government run a complete package of psycho-social programs in the quake-hit areas.
"Aftershocks are frequent in the area. Citizens are in precarious condition. Psycho-social problems can be seen among the people in such situations. All three tiers of governments should pay attention to psycho-social counseling along with relief and rehabilitation", he added.
Meanwhile, the Karnali Province government said that it has deputed a team of psychosocial counselors to the field for counseling services.
Communist Party of China Tibet Secretary Wang calls on PM Dahal
Secretary of the Tibet Autonomous Region of the Communist Party of China (CPC) Wang Junzheng called on Prime Minister Pushpa Kamal Dahal on Thursday.
A delegation led by Wang and Prime Minister Dahal held a meeting at the latter’s residence in Baluwatar this morning.
During the meeting, they discussed the issue of bilateral cooperation and mutual interest, the Prime Minister’s Secretariat said.
On the occasion, Prime Minister Dahal thanked the Chinese government for providing relief materials to the earthquake victims.
Chinese Ambassador to Nepal Chen Song was also present in the meeting.
The Chinese leader, who is on a five-day official visit to Nepal, is scheduled to meet leaders of various political parties.
He is scheduled to leave for Pokhara on Friday.
During his stay in the lake city, he will attend the Nepal-China cultural exchange program to be organized on Saturday.
On Sunday, he is scheduled to observe the projects of Bhakatpur which were damaged by the 2015 devastating earthquake and are being rebuilt with the help of the Chinese government.
He will leave for Colombo, Sri Lanka the same day.