Nepse surges by 69. 80 points on Sunday
The Nepal Stock Exchange (NEPSE) gained 69. 80 points to close at 2, 727. 58 points on Sunday.
Similarly, the sensitive index surged by 13. 64 points to close at 458. 37 points.
A total of 24,848,079-unit shares of 330 companies were traded for Rs 12. 95 billion.
Meanwhile, Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB), Global IME Laghubitta Bittiya Sanstha Ltd. (GILB), Aviyan Laghubitta Bittiya Sanstha Limited (AVYAN), Vijaya laghubitta Bittiya Sanstha Ltd. (VLBS) and Bhugol Energy Development Company Limited (BEDC) were the top gainers today, with their price surging by 10. 00 percent.
Likewise, Samudayik Laghubitta Bittiya Sanstha Limited (SLBSL) was the top loser as its price fell by 10. 00 percent.
At the end of the day, total market capitalization stood at Rs 4. 52 trillion.
Existing Commission will address land-related issues: Minister Adhikari
Minister for Land Management, Cooperatives and Poverty Alleviation, Balaram Adhikari, has said the government is working in a way that the Commission formed now to address the land-related issues would be the final one.
While inaugurating a building for the Land Revenue and Survey Office at local Chabahil today, he said the Commission has been granted the authority now unlike the previous Commissions.
He said no fake landless people will be recognized as the landless people as in this digitalized age the status of land possession of anyone will be easily known with the online entry of the citizenship certificate.
Minister Adhikari urged the Office employees to not work against rules and procedures, warning an action in case of violation of rules.
The Land Management Minister said that land that was capped during the 2021 BS Land Reform Policy, has now been registered and it should be corrected.
He also urged the Office to ensure the archiving of the details of public land across the country.
He said the Office has been established to provide the land revenue and survey services from a single venue.
Secretary at the Ministry of Land Management, Cooperative and Poverty Alleviation, Arjun Prasad Pokhrel stressed that office employees should work with a new vision, advising them to protect the old data in a systematic way.
PM Oli addresses Parliament session, claims progress in development endeavors
Prime Minister KP Sharma Oli has claimed progress in ongoing development endeavors.
In his address to the fifth session of the House of Representatives that convened today, the Prime Minister said the successful completion of projects launched to achieve prosperity in the nation is among the goals of the government.
"The government is making steady progress in executing projects that contribute to a prosperous Nepal," he stated.
Citing the recent breakthrough on the Siddhababa tunnel as a significant achievement, he said that the project will help minimize travel difficulties for passengers while enhancing infrastructure sustainability.
He also referenced progress on the Dhedre tunnel in Makwanpur, part of the Kathmandu-Terai Madhesh Expressway, and the Jogbani-Kimathanka project, a project of national pride.
Similarly, construction on the Butwal-Narayangadh road section is advancing, and efforts are underway to develop the Kirtipur Cricket Ground into a stadium equipped with floodlights, according to the Prime Minister, who further said the completion of an advanced stadium in Surkhet and the resumption of several previously stalled projects are among the achievements of the incumbent government.
Regarding political stability, he said that Parliament is now free from the recurrent compulsion of the Prime Minister seeking a vote of confidence.
"In the past six months, our experience is that we are free from the repeated need to test our vote of confidence," he said.
First-ever inter-school Hackathon
Adhyayan School and Leapfrog Technology in collaboration with Code for Nepal and Veda have organized Nepal’s first-ever inter-school hackathon. This event, held in Kathmandu, brings together 235 students from 33 schools to tackle educational challenges under the theme “The Future of Learning.”
The hackathon comprises an orientation, a boot camp, a mentorship phase, and Demo Day,
spanning from January 26 to February 19, 2025, according to the organizer. It officially commenced with an orientation session on January 26, 2025, at Leapfrog Technology. Students from grades 7 to 10 will harness the power of Scratch and Python to develop innovative solutions addressing issues in education, health, and society, under the guidance of 32 expert mentors, organizer said.
On the final day, the top seven teams will present their projects at Rastriya Nach Ghar, where the winners will be awarded cash prizes of Rs. 1,00,000, Rs. 75,000, and Rs. 50,000, respectively. More than just a competition, Hack-अ-Thon fosters creativity, problem-solving, and social responsibility, aiming to shape Nepal’s next generation of tech leaders, according to the organizer.
PM Oli urges businesspersons to boost exports
Prime Minister KP Sharma Oli has urged the businesspersons and industrialists to boost exports to the neighbouring countries, India and China by augmenting domestic production.
Inaugurating the 8th International Chamber Expo organized by the Nepal Chamber of Commerce at Bhrikutimandap today, PM Oli said identification of the most marketable goods and their international trade contributes to national economy.
The infrastructure development which is gaining a pace will be further intensified to ensure Nepal's graduation to the status of country with mid-level income by 2026, he informed.
The Head of the government shared that efforts were on to develop the Tribhuvan International Airport as a boutique airport while Nepal's access to sea would be ensured gradually to ease trade expansion. "Only things bought for consumption does not suffice to elevate business," he said, underlining the need for boosting production with the use of science and technology.
Present government is devoted to economic development, Oli reminded. PM Oli underlined the need for unity and activism of all sides to develop Nepal.
PM Oli expressed happiness over Chamber's expo that aimed at launching improvement.
On the occasion, Minister for Communications and Information, Prithvi Subba Gurung, viewed government was planning legal arrangement with policy clarity on artificial intelligence.
The ordinance the government brought was for the commercial and professional development of information technology.
Chairman of the Nepal Chamber of Commerce, Kamalesh Kumar Agrawal, expressed happiness that the recent ordinances the government brought had spread positive hope in the industrial sector.
There are 125 stalls showcasing the products from Nepal, India, Pakistan and other in the fair. The expo lasts through February 3.
Over Rs 290 million collected in revenue in six months
The Transport Management Office, Hetauda, has collected more than Rs 290 million in revenue in six months of the current fiscal year, 2081/82.
Office Chief Prabin Shrestha said they collected such amount of revenue from the registration of new vehicles, renewal and distribution of driving license in half way into the current fiscal year.
A total of Rs 173.8 million in revenue was collected from distribution of driving license, while Rs 45.36 million from vehicle tax, and Rs 45.6 million from income of transport sector.
Similarly, 1,280 motorcycles, 513 small vehicles, 337 three-wheeler tempo and e-rickshaws, 321 medium and large vehicles and five tractors were registered in the transport office during the period, he added.
Likewise, 3,611 licenses including 2,163 new ones were distributed while 2,984 licenses were renewed.
The office had collected Rs 560.7 million in revenue under different headings in the fiscal year, 2080/81.
PM Oli extends Sonam Lhosar greetings
Prime Minister KP Sharma Oli has extended best wishes on the occasion of Sonam Lhosar, the New Year of Tamang community, today.
Taking to social site, Facebook, PM Oli extended best wishes to all people celebrating the Sonam Lhosar.
He wrote, "Today is the New Year or Sonam Lhosar of Tamang community. I remember multi-coloured flags on the roofs of houses and monasteries."
The cultural performance with selo and damphu bear much significance during this festival, he said, extending best wishes to jhamman (all) nanaanga (sisters) and jyojyoale (brothers) on this occasion.
GCSG successfully holds two events on climate governance
The Global Center for Climate & Security Governance (GCSG) recently organized two impactful events aimed at enhancing the understanding of climate change and governance.
The discussion program, titled "Climate Governance: Sensitizing and Enhancing Understanding on Climate Change," convened provincial parliamentarians, academia, civil society, and security agency representatives.
Both events took place in Dhanusa, Madesh Province, and in Itahari, Kosi Province, under the moderation of Abhaya Raj Joshi, Executive Director of GCSG.
The discussions provided a nuanced understanding of the critical issues surrounding climate governance, fostering dialogue and collaboration among key regional stakeholders.
Keynote presentations were delivered by Dev Narayan Mandal, an expert in environmental and sustainability issues, at the Madesh Province event and by Dr. Deepak Prakash Bhatt, who focused on parliamentary oversight and international practices in policy-making processes in both provincial events.
Additionally, Deepak Bikram Thapa Chetri shared his expertise on disaster and climate security in Kosi Province, Nepal.
Both events successfully brought together diverse participants to explore the intricacies and challenges of climate governance, paving the way for improved understanding and collaborative efforts in addressing climate change.