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The lack of skilled workforce for the industrial sector, insufficiency of raw materials and market issues for produced goods have been highlighted as major concerns for the industrial development in Nepal. 

According to a study conducted by the Nepal Rastra Bank (NRB), capital insufficiency, high production cost, technological backwardness, lack of full efficiency, brain drain and problems in management and operation of environment-friendly industries have been depicted as other challenges for the industrial development.   

The document highlights urgency to accelerate the development of industrial infrastructure, increase industrial production and productivity, ensure proper management and supply of raw materials, enhance the competitiveness of domestic products and diversify export-oriented goods. 

These have been cited in a report issued by the Central Bank. 

According to the report, industries based in the Karnali Province face various problems including capital insufficiency and challenges for marketization for their sustainability. 

A large number of youths involved in foreign employment have been cited as one of key factors behind industries facing the shortage of required skilled and technical workforce. 

According to the study, since the Madhes Province is a hub for production of rice, wheat, maize, sugarcane, oilseeds, vegetables, fruits, dairy products, there is significant potential for the expansion of agro-based industries, food processing industries, sugar industries, dairy industries, edible oil industries, rice mills and animal feed industries.

The House of Representatives is holding deliberation on budget allocation under the ministry headings on June 15 and 16. 

The related ministers will be furnishing responses to the queries raised in the HoR meeting on June 17 and 18, according to the Parliament Secretariat. 

The government had unveiled the estimate of revenue and expenditure for the upcoming fiscal year, 2083/84 in HoR meeting on May 29. 

Finance Minister Dr Swarnim Wagle has already given response to the general queries on budget in the HoR.

The Nepal Stock Exchange (NEPSE) plunged by 4. 00 points to close at 2, 724. 03 points on Sunday.  

Similarly, the sensitive index dropped by 0. 53 points to close at 467. 09 points.

A total of 9,856,525-unit shares of 342 companies were traded for Rs 1. 56 billion.

Meanwhile, Sopan Pharmaceuticals Limited (SOPL) and Appolo Hydropower Limited (APHL) were the top gainers today with their price surging by 14. 99 percent.

Likewise, Kalinchock Hydropower Limited (KHPL) was the top loser as their price fell by 10. 66 percent.

At the end of the day, the total market capitalization stood at Rs 4. 65 trillion.

Romania's centrist President Nicusor Dan on Sunday designated Adrian Vestea, a member of the ​liberal party, as prime minister, after independent candidate Eugen Tomac withdrew, Reuters reported. 

Vestea, 52, is the county council president of the central Romanian county of Brasov. Eugen Tomac had been ​seeking to lead a government of technocrats, ​but lacked support from the parties in ⁠parliament.

The Socceroos’ future has arrived early, after Australia’s next generation delivered one of their best World Cup victories, upsetting highly-fancied Turkey 2-0 in Vancouver to start their 2026 campaign in style, The Guardian reported. 

They can thank a trio of young stars, all of whom were in doubt to start the match.

Nestory Irankunda finished a brilliant end-to-end attack with a goal in the 27th minute, assisted by midfielder Paul Okon-Engstler.

Young goalkeeper Patrick Beach – thrust into the starting side in a pre-match selection shock – pulled off a series of dazzling parries, including one in the first half that will be a contender for save of the tournament, according to The Guardian. 

The price of gold has increased by Rs 1, 200 per tola in the domestic market on Sunday. 

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 293, 200 per tola today. It was traded at Rs 292, 000 per tola on Friday.

Similarly, the price of silver has increased by Rs 55 and is being traded at Rs 4, 895 per tola today.

The Bangladesh Embassy in Kathmandu distributed gourmet Bangladeshi mangoes to distinguished friends across Nepal under its annual “Season’s Best Compliments” initiative, as a gesture of goodwill and friendship between the two countries.

At least 1,750 kilograms of premium quality Bangladeshi mangoes were distributed to Nepali dignitaries, senior government officials, ambassadors, and members of the diplomatic corps in Kathmandu, business leaders, civil society representatives, and great friends/ well-wishers of Bangladesh and its people on the occasion, reads a statement issued by the Embassy. 

The mangoes, freshly harvested from two orchards in Chapai Nawabganj-also known as the mango capital of Bangladesh—were transported to Nepal via Banglabandha Port, Fullbari Land port (Siliguri border), and Kakarbhitta Port.

This initiative reflects the enduring friendship and close people-to-people ties between Bangladesh and Nepal.

The Embassy of Bangladesh expresses its sincere appreciation to all those who contributed to making this unique “Mango Diplomacy” initiative in Nepal a grand success.

The CPN-UML has launched a 'Mission Awakening', targeting the local and provincial elections. 

Central members have been mobilized under the campaign.

Chief of the Publicity  and Publication Department of the party, Niraj Acharya, said that the UML was going to conduct the campaign to woo voters in the party's favour in the upcoming elections. 

In order to improve relations with the people, the UML recently forwarded the policy of six mantras focusing party's link to people- 'go to people', 'listen to people', 'be popular among people', 'mobilize people's organizations', 'internalize essence of party's guiding principle (peoples multiparty democracy)' and 'prepare a qualified and capable leadership who can secure victory at every level'.  

Even the details of the action plan as per six mantras have been circulated to the party line, according to Acharya.