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World record holder climber Kami Rita Sherpa has successfully scaled Mt Everest for the 31st time, breaking the record he set last year.

The 55-year-old Sherpa of Thame, Solukhumbu, broke his own record after reaching the top of the world's tallest peak at 4 am today. 

Last year, he set a record by standing atop Everest for the 29th and 30th time.

As per the Department of Tourism, the climbing season to scale Mt Everest has concluded from today. 

Around 500 people summited Mt Everest in this season.

Creating employment and income-generating opportunities for the growing workforce entering the labor market each year remains a major challenge for Nepal. With limited opportunities within the country and economic progress falling short of expectations, a significant number of Nepali youth have migrated abroad for employment.

Pitambar Dhakal, former dean of Mid-Western University and a prominent civil society leader, noted, “The culture of going abroad for employment has increased significantly in Karnali as well. Even youth who had gone abroad for studies have returned home, only to leave again due to the belief that they cannot find suitable employment or earn a decent income here.”

Karnali, like the rest of the country, was deeply affected by years of conflict and political instability. During the 10-year armed insurgency led by the then-Maoists, many schools in Karnali were disrupted. The Maoist campaign against so-called “bourgeois education” led to widespread school dropouts in rural areas, depriving many children of educational opportunities. As a result, a generation of young people was unable to receive a proper education and access employment.

Dhakal also pointed out several other factors behind the continued outmigration: a lack of trust in earning potential through local investments; absence of a culture that respects labor; low wages and high cost of living; a growing desire to escape poverty quickly; declining interest in agriculture; the influence of globalization; increasing demand for Nepali workers in the global labor market; and the visible economic progress of returnees, which inspires others to migrate. In addition, the private sector has shown limited involvement in job creation, and rapid technological advancements have further expanded access to information about foreign opportunities.

Despite Nepal’s development potential, many citizens are compelled to seek employment abroad due to limited local options. While foreign employment has helped reduce poverty and unemployment, experts argue that reliance on it should gradually decrease. A domestic environment must be fostered where young people can thrive professionally.

Social worker Jagatjung Bista emphasized, “We should enhance the quality of foreign employment by ending the exploitation and deception faced by Nepali workers—even in countries where labor agreements exist. More importantly, we must cultivate a mindset that values working and earning within our own country, and one that respects all forms of labor.”

The BP Koirala Memorial Cancer Hospital in Chitwan has launched 'Flow Cytometry' test, which is conducted to identify the variant of blood cancer.

The Hospital has imparted necessary training to doctors and technicians for the same. More than 90 people underwent the test after launching the service, said Chief of Lab Department of the Hospital, Dr Greta Pandey. 

Earlier, the samples had to be sent to India for the test after paying a high charge. One can undergo the test now only at Rs 12,000, according to the Hospital. There is no actual data on how many people suffer from blood cancer every year in Nepal. 

Flow Cytometry is the type of advanced test performed on a sample of bone marrow extracted from patients with blood cancer. 

The service began in the hospital after training was imparted to a doctor and a technician sending them to Tata Memorial Cancer Hospital in India.

Executive Director of the Hospital, Dr Shivaji Poudel, mentioned that the hospital has been expanding its service by installing equipment and imparting training to human resources in order to make cancer treatment more effective.

Finance Minister Bishnu Paudel briefed President Ram Chandra Paudel about the budget for the fiscal year 2025/26. 

As per the constitutional provision, the government is presenting the budget in the Federal Parliament on May 29.

Finance Minister Paudel reached Shital Niwas this morning and briefed the President about the budget for the next fiscal year,  according to the President's Personal Secretariat.

Before presenting the budget, Finance Minister Paudel will present the economic survey in Parliament today.

The price of gold has dropped by Rs 200 per tola in the domestic market on Tuesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 190, 900 per tola today. It was traded at Rs 191, 100 per tola on Monday.

Similarly, the price of silver has dropped by Rs 10 and is being traded at Rs 1, 995  per tola today.

As bank interest rates continue to decline, insurance companies in Nepal have significantly increased their investments in the stock market, channeling over Rs 37bn into listed shares to diversify portfolios and maximize returns. This reflects a broader trend of seeking higher yields in a low-interest-rate environment, with insurers capitalizing on the Nepal Stock Exchange (Nepse) to bolster profitability.

According to the Nepal Insurance Authority (NIA), 24 listed insurance companies have invested
Rs 37.61bn in shares listed on the Nepse as of mid-April 2025, a sharp rise from Rs 16.51bn in mid-April 2024. The surge in investment is driven by the need to offset diminishing returns from traditional fixed-income instruments, such as bank deposits, which have become less lucrative due to declining interest rates.

Institutional investors, particularly insurance companies, play a pivotal role in stabilizing the stock market. Unlike individual investors, who often engage in short-term, speculative trading, institutions adopt a long-term investment approach. This strategy reduces panic-driven sell-offs, cushions market volatility and enhances liquidity. The steady capital inflows from insurers foster market resilience and boost confidence among individual investors. Insurance companies, as some of the largest institutional investors in Nepal’s capital market, are instrumental in driving this stability.

NIA regulations permit insurance companies to allocate up to 10 percent of their investable funds to shares of listed companies. Life insurance companies have been particularly aggressive, increasing their investments in ordinary shares by an impressive 108 percent over the past year. By mid-April 2025, life insurers had invested Rs 33.07bn in the secondary market, compared to Rs 4.54bn invested by non-life insurance companies. 

Experts attribute this shift to the sharp decline in interest rates, which has eroded returns on low-yielding bank deposits. With traditional investment avenues offering diminished profitability, insurers are increasingly turning to the stock market to maintain financial viability. This trend not only reflects adaptive financial strategies but also signals growing confidence in Nepal’s equity market.

Minister for Communications and Information Technology Prithvi Subba Gurung has said that this year's budget allocation will be based on the classification and priorities of projects. He mentioned that there will be no 'populist' budget. 

During an interaction to collect feedback for the progress report of Dordi Rural Municipality in Lamjung and for the annual budget and programs for the upcoming fiscal year 2025/26, Minister Gurung said that budget for projects that can only be discussed but  not be implemented will be discouraged this time.

Also the government's spokesperson, Minister Gurung also stated, "Many projects have been left unfinished due to excessive spending, and the budget will prioritise completing such neglected projects."

He said that the projects made without any 'estimate' would not be in the priority of the budget. Minister Gurung said that the government would lay emphasis on making the national pride projects successful. He said the government was focused on completing national pride projects first. 

Lauding the good practices of Dordi Rural Municipality, he suggested the local levels to focus on plans to improve the living standard of the people, bring economic prosperity and alleviate poverty while making the budget.

The federal government will implement large projects like roads and highways,” he said, “local governments should prioritise plans to eliminate poverty and create jobs.” 

He mentioned that in the era of information technology, the ministry has emphasised expanding digital access at the local level to make e-governance more effective. 

On the occasion, the municipality released a progress report highlighting achievements in agriculture, employment, health, and education.

Ruling Party Nepali Congress President Sher Bahadur Deuba has emphasised the need to make Nepal an education hub for foreign students by ensuring quality education in the country. 

During a discussion program on education policy organised by his party's Education Department today, he stated that since education is an important matter, efforts should be made to improve its quality, to keep domestic students in the country and even to attract foreign students.

Former Prime Minister Deuba expressed the view that arrangements should be made to fulfill the desire of all parents to provide good education to their children in the country. 

Department head Nain Singh Mahar stressed on the need for developing research-oriented policy in education.