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Prime Minister KP Sharma Oli has said the government is consistently working towards legal and institutional reforms for creating employment by promoting the investment environment in the country.

Responding to the queries by lawmakers in today's meeting of the House of Representatives, he said that all works have been carried out accordingly giving priority to programs to increase production, productivity and employment to provide employment opportunities to the unemployed youth.

"The government is providing concessional loans up to Rs 2.5 million to startup enterprises to create employment opportunities in the country. In the current fiscal year, 1,000 people are to get concessional loans through this programme," he said.

Stern action will be taken against anyone misappropriating foreign currency He said action would be taken as per the law if anyone was found misappropriating foreign currency illegally.

He clarified that legal action would be taken as per the Foreign Exchange Regulation Act, 2021 BS.

The PM said that however arrangements have been made to facilitate investment exchange in the information technology sector. "Article 25 of the Constitution of Nepal states that every citizen shall have the right to acquire, enjoy, sell, obtain commercial benefits and carry out other transactions of property subject to the law under the right to property," he said adding that the ceiling of property has been determined with the provision of land ceiling and progressive tax system in the relevant laws.

Stating that the provision of free and compulsory education up to the basic level and free education up to the secondary level is already under implementation as per the constitution of Nepal, the Prime Minister said providing the university education could also be made free in future as permitted by the means and resources at disposal.

He made it clear that no provisions for giving capital punishment to people convicted of corruption could be made as Article 16 of the Constitution of Nepal, in the context of living with dignity, states that no law shall be made to punish anyone with death penalty and as Nepal is a state party to the Second Optional Protocol of the International Covenant on Civil and Political Rights.

Stressing that the present government is committed to implementing the concept of 'Prosperous Nepal, Happy Nepali', keeping in mind the issue of securing the goal of socialism-oriented economy through high economic growth, equitable distribution and equal access to development, the PM said various social security programs have been used to give shape to socialism.

PM Oli added that the Social Security Fund has also been developed as an important mechanism for social security. Govt serious on completing 'national pride' projects on time Prime Minister Oli also said on the occasion that the government was serious about completing big projects of national pride and national priority on time.

He said he was serious and sensitive about the timely completion of big projects of national pride and national priority, including Sikta Irrigation and Babai Irrigation Project. "Out of the outstanding liabilities of these projects to be paid at the end of the fiscal year 2080/81, Rs 22.43 billion has been paid so far,” he added.

According to him, the project planning outline has been approved and implemented in consultation with the National Planning Commission and other ministries concerned to improve the development pattern, speed and culture.

Prime Minister Oli expressed the confidence that with this modality the projects would be completed effectively on time by utilizing limited resources efficiently.

He said that he has been monitoring the projects from the 'Action Room' at the Office of the Prime Minister and Council of Ministers and facilitating their timely completion. 

Foreign Minister Arzu Rana Deuba and Minister of State for Foreign Affairs of Qatar Sultan bin Saad bin Sultan Al Muraikhi held a meeting in Muscat, Oman today.

They met on the sidelines of the 8th Indian Ocean Conference in Muscat, Oman.

During the meeting, they discussed various issues of Nepal-Qatar relations, bilateral interests and mutual benefits, as well as scholarships for Nepali students and skilled technical manpower in Qatar.

On the occasion, Minister Rana urged Minister Muraikhi to help in the release of Nepali youth Bipin Joshi, who is under the control of the Hamas group.

Foreign Minister Rans praised the role played by the Qatari government in brokering a ceasefire and peace talks between the Israeli government and Hamas, and called for a special initiative for the release of Bipin, who is under the control of Hamas.

Earlier, Minister Rana had made the same request in a phone call with Mohammed bin Abdulaziz Al-Khulaifi, Minister of State for Foreign Affairs of Qatar.

Khulaifi is the chief negotiator and mediator in peace talks between the Israeli government and Hamas.

The Nepal government has been making diplomatic efforts for Bipin's release since last year.

Minister Rana has been urging for Bipin's release through the United Nations, international and regional forums and meetings.

Bipin was abducted by the Hamas group in an attack on Israeli soil in October 2023. 

An eight-member committee has been formed to investigate the balloon explosion incident that took place during the inaugural ceremony of the 'Pokhara Visit Year 2025' held in Pokhara yesterday.

Home Minister Ramesh Lekhak formed an eight-member probe committee under the coordination of Kaski's Chief District Officer Bharatmani Pandey.

The committee has been asked to submit its report within 15 days.

The committee consists of Chief Administrative Officer of Pokhara Metropolitan City Shivraj Chaulagain, Superintendent of Police of Kaski Shyambabu Oliya, Chief of Armed Police Force No. 24 Battalion Surya Prasad Timilsina, Deputy Director of National Investigation Department at Kaski District Office Suresh Kumar Tiwari and Assistant Chief District Officer of Kaski Ganga Bahadur Chhetri is assigned as Member Secretary.

Similarly, the committee will also include an explosives expert as a member.

Deputy Prime Minister and Finance Minister Bishnu Paudel and Pokhara Metropolitan City Mayor Dhanraj Acharya were injured during the inauguration ceremony where the incident took place in Pokhara on Saturday.

Both DPM Paudel and Mayor Acharya are being treated in the intensive care unit of the Burn Hospital in Kirtipur.

After the formation of the investigation committee, the Home Minister visited the Burn Hospital and inquired about injured persons' health condition. 

Prime Minister KP Sharma Oli has said that the two large political parties of the country have formed the government for the nation's development and stability, and there is no need for any misgivings between the present ruling partners.

The PM was responding to questions posed by lawmakers in today's meeting of the House of Representatives.

He said that the present government was formed with the participation of two major political parties and other parties who played an important role in Nepal's democratic movement for development, prosperity and stability.

According to him, there was high confidence and understanding among the alliance parties to continue the country's development and prosperity and maintain political stability.

The Prime Minister expressed the belief that policy and legal reforms through the ordinances issued by the government some time ago would improve the business environment and increase economic activities by boosting investment.

He made it clear that it is not appropriate for parties that brought the ordinance with the provision of support of 20 percent of the parliamentary party members of a party for splitting the party in the past to oppose the ordinance issued with the goal of policy and legal reforms now.

In response to a question raised by Communist Party of Nepal (Maoist Centre) lawmaker Barshaman Pun, PM Oli said the government was committed to make the allocated budget priority-based and result-oriented, to address the challenges seen in the economy by carrying out economic reform programmes, to accelerate development activities, to improve service delivery and to maintain good governance.

The PM further said that arrangements have been made to select only the projects that have been included in the project bank while formulating the budget and selecting and prioritizing the project to increase capital expenditure and improve the implementation of the project by maintaining austerity in the current expenditure.

Similarly, he added that arrangements have been made to select only those projects that have been prioritized in the sector and those ones for which the source of investment has been ensured and those that will give returns in a short time, and the projects for which all the preparatory works of have been completed according to the project classification criteria.

Prime Minister Oli stressed that mechanisms would be activated to expedite the implementation of the projects, to solve the problems seen in the management of contracts, to make timely amendments to the public procurement law and to maintain inter-government tier and inter-agency coordination. 

US President Donald Trump on Thursday offered to sell state-of-the-art fighter jets to India as he and Prime Minister Narendra Modi vowed to ramp up trade, rekindling a bond that defies the new US administration's punitive approach to much of the world.

Modi, only the fourth world leader to visit the White House since Trump's return, described the fellow nationalist as a friend and told him he was adopting a take on his "Make America Great Again" slogan.

Trump said that he found a "special bond" with Modi and India and, in an uncharacteristic if ironic show of humility, complimented Modi as being a "much tougher negotiator" than he is.

Successive US administrations have seen India as a key partner with like-minded interests in the face of a rising China, and Trump announced that the new administration was ready to sell one of the top US military prizes -- F-35s.

"Starting this year, we'll be increasing military sales to India by many billions of dollars," Trump told a joint news conference with Modi.

"We're also paving the way to ultimately provide India with the F-35 stealth fighters," Trump said.

India would join an elite club of countries that include NATO allies, Israel and Japan that would be allowed to buy the F-35, which can operate without detection at supersonic speeds.

India currently relies on an ageing fleet of Russian fighter jets as well as a small number of French-made Rafale aircraft.

India's arch rival and neighbour, Pakistan, however said it was "deeply concerned" about the sales.

"Such steps accentuate military imbalances in the region and undermine strategic stability. They remain unhelpful in achieving the objectives of durable peace in the region," said Shafqat Ali Khan, spokesman for the Ministry of Foreign Affairs.

Continuing a push from his predecessor Joe Biden, Trump said that the two countries also planned investment in ports, railways and underseas cable to "build one of the greatest trade routes in all of history," running from India to Israel to Europe and beyond.

Trump has dueled with both friends and foes on economic issues. Hours before meeting, Trump announced reciprocal tariffs on all countries, including India.

Speaking next to Modi, Trump called India's "unfair, very strong tariffs" a "big problem" but said that the two countries would hold negotiations to close a trade deficit in India's favor.

Modi said that the world's largest and fifth-largest economies would work on a "mutually beneficial trade agreement" to be sealed "very soon," with a focus on oil and gas.

Joining Trump's meeting with Modi was SpaceX and Tesla tycoon Elon Musk, who has launched an aggressive effort as Trump's right-hand man to overhaul the US bureaucracy.

Modi also met one-on-one with Musk, raising questions over whether the world's richest man was meeting the Indian leader in an official or business capacity.

The Indian premier posted pictures of himself shaking hands with the beaming Musk, with several children on Musk's side of the room, and Indian officials on the other.

Modi offered quick tariff concessions ahead of his visit, with New Delhi slashing duties on high-end motorcycles -- a boost to Harley-Davidson, the iconic US manufacturer whose struggles in India have irked Trump.

India has already accepted a US military flight carrying 100 shackled migrants last week as part of Trump's immigration crackdown. The treatment drew protests from India's opposition which accused Modi of sacrificing the dignity of citizens to please Trump.

Trump in turn announced the United States would extradite to India a suspect in the bloody 2008 siege of Mumbai, whom he called "one of the very evil people in the world."

Tahawwur Hussain Rana, a Canadian citizen of Pakistani origin who was based in Chicago, was convicted in 2011 and later sentenced to 13 years in prison.

Modi and Trump share much in common, with both campaigning on promises to promote majority communities over minorities and both doggedly quashing dissent.

In 2020, Modi delighted Trump by inviting him before a cheering crowd of more than 100,000 people to inaugurate the world's largest cricket stadium in his home state of Gujarat.

Trump could visit India later this year for a summit of the Quad -- a four-way grouping of Australia, India, Japan and the United States. AFP 

The Nepal Stock Exchange (NEPSE) plunged by 7. 26 points to close at 2, 678. 47 points on Thursday.

Similarly, the sensitive index dropped by 0. 52 points to close at 449. 88 points.

A total of 15,875,152-unit shares of 302 companies were traded for Rs 7. 92 billion.

Meanwhile, Matribhumi Lagubitta Bittiya Sanstha Limited (MATRI) and Kumari Sabal Yojana (KSY) were the top gainers today with their price surging by 10. 00 percent.

Likewise, Nyadi Hydropower Limited (NYADI)​​​​​​​ was the top loser as its price fell by 10. 00 percent.

At the end of the day, the total market capitalization stood at Rs 4. 44 trillion.

Deputy Prime Minister and Minister for Urban Development, Prakash Man Singh, has stressed the need to institutionalize the achievements secured in the country following the system transformation.

Speaking at a meeting with Nepali Congress (NC) cadres in Hetauda today, the party leader Singh highlighted the need for economic prosperity as a means to protect political achievements.

He added that the stability of the new system would be ensured if citizens experienced economic progress and prosperity.

He further stressed that the government should create an environment where citizens can easily exercise their constitutional rights.

According to DPM Shrestha, politics will find the right path provided that citizens' needs and aspirations are properly addressed.

The NC, according to him, must focus its efforts on advancing this cause.

Stating that job opportunities and development are the current priorities of the citizens, Singh argued that the incumbent government has taken steps to meet these aspirations along with guarantee of political stability.

Furthermore, NC leaders underlined the need of maintaining coordination and collaboration within the party to strengthen its organization and promote broader unity among the cadres.

The event, chaired by NC Makwanpur President Buddha Lama, was attended by NC central member and Bagmati Province Minister for Economic Affairs and Planning, Kundan Raj Kafle, and NC Bagmati Province President Indra Bahadur Lama

The Nepal Stock Exchange (NEPSE) gained 1. 86 points to close at 2, 685. 73 points on Wednesday.

Similarly, the sensitive index surged by 0. 25 points to close at 450. 40 points.

A total of 15,520,559-unit shares of 307  companies were traded for Rs 8. 71 billion.

Meanwhile, Guardian Micro Life Insurance Limited (GMLI)​​​​​​​ was the top gainer today, with its price surging by 9. 99 percent.

Likewise, Upakar Laghubitta Bittiya Sanstha Limited (ULBSL) and Super Madi Hydropower Limited (SMHL)​​​​​​​​​​​​​​ were the top losers as their price fell by 10.00 percent.

At the end of the day, total market capitalization stood at Rs 4. 45 trillion.