German Ambassador Volz pays courtesy call on Minister Ghising
German Ambassador to Nepal Udo Eugen Volz paid a courtesy call on Minister for Energy, Water Resources and Irrigation Kulman Ghising today.
In the meeting held in the Ministry of Energy, Water Resources and Irrigation at Singha Durbar, Ambassador Volz congratulated Minister Ghising and wished him a successful tenure.
During the meeting, the two discussed Nepal-Germany cooperation and deliberated on various ongoing projects being run in Nepal in the financial assistance of Germany, including the solar power project and the Lekhnath-Damauli 220 KV transmission line.
Their talk also touched on expanding assistance in Nepal's energy transformation.
Similarly, Minister Ghising acknowledged Germany's enduring support to Nepal and urged it to consider increasing the assistance.
He said the Madhya-Marsyangdi and Marsyangdi hydro power projects built with the support of Germany were 'life-line' to Nepal's energy sector.
Emphasizing the importance of completion of the Pokhara-Butwal-Bharatpur triangle project to be executed by 2029 in assistance of Germany and the European Union for energy sector, he called for extended cooperation in expanding electricity use in electric vehicles and domestic consumption in those three areas.
He also sought German support in conducting feasibility studies for trolley buses and building charging stations in the areas connecting these three cities.
The Minister also urged technical and expertise support for reconstruction of the public infrastructures damaged in arson incidents during the recent Gen-Z movement.
In reply, the German ambassador Volz informed that a German team will visit Nepal in December to identify the areas where Germany would provide assistance to Nepal for the next two years and consult on a review of the assistance.
British envoy Fenn calls on PM Karki
Ambassador of the United Kingdom to Nepal Rob Fenn along with his delegation paid a courtesy call on Prime Minister Sushila Karki today.
During the meeting took place at the Office of the Prime Minister and Council of Ministers, both sides discussed matters of mutual interest and bilateral cooperation.
Prime Minister Karki stated that promoting good governance and ensuring the successful conduct of the upcoming election were the main priorities of the current government, which was formed under exceptional circumstances.
She reaffirmed the government's firm commitment to holding the election in a free, fair, and impartial manner on the scheduled date of March 5, 2026.
The two sides also reflected on the longstanding and cordial relationship between Nepal and the United Kingdom, which dates back to historic times, and expressed mutual interest in further strengthening ties in the future.
On the occasion, Ambassador Fenn extended his best wishes for Prime Minister Karki’s successful tenure.
He also assured her that the British government is ready to provide necessary support to Nepal in the process of conducting the election.
Oli proposes to hold UML General Convention from Dec 13-15 in Pokhara
CPN-UML Chairman Oli has proposed in the political report he presented in the Central Committee meeting to hold the party General Convention from December 13-15 in Pokhara, according to UML's Head of the Publicity and Publication Department Rajendra Gautam.
He also presented his views in the political report about the Gen Z protests held on September 8 and 9, and the current government.
The report stresses on cooperation among democratic forces for the unity and defence of the republic and the Constitution.
I will step down from leadership if Central Committee orders me: Oli
CPN-UML Chairman KP Sharma Oli stressed on the need for strong unity within the party during difficult and adverse situations.
Inaugurating the party's 10th Central Committee meeting meeting at Rambagh Palace in Bhanimandal, Lalitpur, today, he clarified that the CPN-UML is a party which is not one that drifts wherever the wind blows.
The UML Chair and former Prime Minister Oli said that the UML continuously works for patriotism, nationalism, development and social justice, urging all parties to unite in the national interest in the current situation.
"If the party's Central Committee tells and orders me, I am ready to step down from leadership happily. But I will not leave the country neglected in a difficult situation. It is not Facebook that decides whether I should resign as the party chairperson; it is the Committee that decides. Whenever the Committee says so, I am ready to step down from leadership very happily. No member of this Committee should go outside chasing populism," party Chairman Oli said.
Chairman Oli also called on the leaders and workers of the CPN (Unified Socialist) to return to the UML.
Oli is currently presenting the contemporary political report in the meeting. The meeting will continue until October 17.
Speaker Ghimire holds consultations with political parties on contemporary politics
Speaker Devraj Ghimire today held a meeting with various political parties to discuss contemporary political developments.
In the meeting held at the Speaker's Office in Singha Durbar, political parties put their views on behalf of the respective sides.
Stating that the role of political parties is crucial at present for the protection of the Constitution and the promotion of democracy, the Speaker expected cooperation from all political parties towards that end.
Talking to media following the meeting, Shyam Kumar Ghimire, Chief Whip of the Nepali Congress in the dissolved House of Representatives, said the Congress, being a democratic party, would not back down from the election.
"The Supreme Court is the final venue for defining the constitutionality of the dissolution of the House of Representatives. In the present context, we will not move back from the election," he said.
CPN-UML Chief Whip in the dissolved Parliament, Mahesh Kumar Bartaula, said a writ has been already registered in the Supreme Court challenging the Parliament dissolution, expressing his hope that the court would address the issue accordingly.
He said that the party formally believes the restoration of the Parliament would be the way to 'streamline' the politics.
CPN (Unified Socialist) leader Rajendra Prasad Pandey said the party would take part in the election if the government ensured a favourable atmosphere towards that end.
The then chief whips and whips of most of the political parties represented in the dissolved HoR were present in the meeting.
Nepse plunges by 22. 58 points on Wednesday
The Nepal Stock Exchange (NEPSE) plunged by 22. 58 points to close at 2, 505. 58 points on Wednesday.
Similarly, the sensitive index dropped by 2. 92 points to close at 4397. 02 points.
A total of 7,611,660-unit shares of 318 companies were traded for Rs 3. 10 billion.
Meanwhile, Samata Gharelu Laghubitta Bittiya Sanstha Limited (SMATA) was the top gainer today with its price surging by 6. 93 percent.
Likewise, Samaj Laghubittya Bittiya Sanstha Limited (SAMAJ) and Bindhyabasini Hydropower Development Company Limited (BHDC) were the top losers as their price fell by 10. 00 percent.
At the end of the day, the total market capitalization stood at Rs 1. 42 trillion.
UML CC meeting begins, party Chair Oli to present political report
The 10th Central Committee meeting of the CPN-UML commenced today at the Rambagh Palace in Bhanimandal, Lalitpur.
This is the first Central Committee meeting following the Gen Z protests held on September 8–9, the subsequent formation of a new government, the announcement of parliamentary elections scheduled for March 5, 2026, and the dissolution of the House of Representatives.
Addressing the meeting, party Chair and former Prime Minister KP Sharma Oli emphasized the need for party unity to foster democracy, peace, development, social justice, and prosperity.
Oli is also scheduled to present his political report during the session.
Earlier, the party’s Central Secretariat meeting, held on October 12, had agreed to organize the party’s 11th National General Convention in the second week of December.
A committee has been formed to prepare a contemporary political report for the meeting.
The committee includes Deputy General Secretaries Pradeep Gyawali, Standing Committee Member Rajendra Gautam, and the party’s Chief Whip in the dissolved parliament, Mahesh Bartaula.
During the meeting, Chair Oli administered the oath of office and secrecy to Dr Bijay Subba, who was elected Chair of the party’s Central Election Commission during the second Statute Convention held on September 7.
President Paudel and NA Chair Dahal hold meeting
President Ram Chandra Paudel and National Assembly Chairman Narayan Prasad Dahal held a meeting today.
In the meeting that took place at the President's Office, Shital Niwas today, Dahal informed the President about his (Dahal's) participation in the 151st General Assembly of the Inter-Parliamentary Union (IPU) on behalf of Nepal's Federal Parliament.
The 151st General Assembly of the IPU, which has members from the parliaments of 181 countries worldwide, will be held in Geneva, Switzerland from October 19 to 23.
A delegation of the Federal Parliament, led by the Chair of the National Assembly, is going to participate in the IPU 151st general assembly.
On that occasion, Chairman Dahal also informed the Head of State regarding the National Assembly elections to be held in Magh.
The Chairman of the upper house of the Federal Parliament, Dahal, met with Prime Minister Sushila Karki on Sunday to discuss and provide information on contemporary issues such as Nepal's participation in the IPU General Assembly and the National Assembly elections.
