Nepse plunges by -12. 10 points on Wednesday

The Nepal Stock Exchange (NEPSE) plunged by -12. 10 points to close at 2, 163.06 points on Wednesday.

Similarly, the sensitive index dropped by -1. 11 points to close at 396. 31 points.

A total of 33,525,702-shares of 300 companies were traded for Rs 9. 76 billion.

Meanwhile, Global IME Laghubitta Bittiya Sanstha Ltd and Nepal Warehousing Company Limited were the top gaines today with their price surging by 10. 00 percent.

Likewise, Eastern Hydropower Limited  and Bhugol Energy Development Company Limited 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. 17 trillion.

Another Nepali dies in the Ukraine war

One more Nepali youth—Sajan Gurung (32) from Lamjung district—has died while fighting in the Russia-Ukraine war, pushing further the toll of Nepalis in the war and raising questions about the safety of more than 200 youths that are reportedly involved in the war. Leaving behind his parents, wife and son, Gurung had headed for Russia three months ago and joined the Russian army. His family came to know about his death five days ago. 

Though the government claims to have intensified diplomatic efforts with Russia to address some of the key concerns surrounding the Nepali youths involved in the war, nothing has been done as yet to repatriate the youths. The government maintains that the Kremlin should have stopped the Nepalis from joining the Russian army in the first place.  Prime Minister Pushpa Kamal Dahal said recently that approximately 200 Nepalis have been serving in the Russian army, but independent observers have said upon their return from Russia that the number could be much higher. Till date, the Ministry of Foreign Affairs has confirmed the death of more than 10 Nepalis in the war. 

In the wake of mounting deaths in the war, the Department of Foreign Employment has stopped issuing work permits to those seeking jobs in Russia and Ukraine.  The government seems to have no idea about the exact number of Nepalis fighting the war, the number of prisoners of war and the number of those injured in action. Minister for Foreign Affairs NP Saud had pledged to seek those details, in vain.

Nepse surges by 54. 54 points on Tuesday

The Nepal Stock Exchange (NEPSE) gained 54. 54 points to close at 2, 175. 17 points on Tuesday.

Similarly, the sensitive index surged by 9. 26 points to close at 397. 43 points.

A total of 23,370,053-unit shares of 304 companies were traded for Rs 8. 02 billion.

Meanwhile, Butwal Power Company Limited, United Modi Hydropower Ltd, Himalayan Power Partner Ltd, NRN Infrastructure and Development Limited  and Nepal Warehousing Company Limited were the top gainers today, with their price surging by 10. 00 percent.

Likewise, Jyoti Bikash Bank Bond 2087 was the top loser as its price fell by 9. 99 percent.

At the end of the day, total market capitalization stood at Rs 1. 18 trillion.

Nepse surges by 31. 62 points on Sunday

The Nepal Stock Exchange (NEPSE) gained 31. 62 points to close at 2, 120.62 points on Sunday.

Similarly, the sensitive index surged by 4. 02 points to close at 388. 17 points.

A total of 16,605,234-unit shares of 314 companies were traded for Rs 5. 45 billion.

Meanwhile, Himalayan Power Partner Ltd, Kalika power Company Ltd, Terhathum Power Company Limited, Madhya Bhotekoshi Jalavidyut Company Limited and 
Mathillo Mailun Khola Jalvidhyut Limited were the top gainers today, with their price surging by 10. 00 percent.

Likewise, Mega Mutual Fund -1 was the top loser as its price fell by 9. 53 percent.

At the end of the day, total market capitalization stood at Rs 1. 15 trillion.

Drawing resources you might want to check out

Most of us took an art class in school. We did a little drawing, some coloring, and a fair bit of painting. But as the ‘more serious’ subjects took over to make our grades go up, art took a backseat. Now, we can barely make a tree that doesn’t resemble a cloud or a flower that doesn’t look like perhaps a bee stung it a little too hard. While some people have an innate talent for drawing, anyone can learn how to draw, it doesn’t matter whether you are 16 or 60.

Many tutorials on YouTube and Instagram are quite handy in teaching you some basics of drawing. But it can be a pain to find one that can help when you are just starting. It can be a little too overwhelming as they all focus on different things—some start with color theory, others with perspective or the physics of light. So, we decided to whittle it down for you. Here are five online resources that can help you get started and soon create a masterpiece that is worthy of being hung in your living room.

Arty Factory

This site has an ever-growing resource of free art tutorials. Since the website is supported by advertisements, you don’t need to pay for a lesson. Arty Factory focuses on free art lessons, art appreciation techniques, and free design lessons. The art lessons include segments like pencil drawing, how to draw animals, ancient Egyptian art tutorials, and perspective drawing. The art appreciation section includes easy-to-digest information about the art of different eras, movements, styles, and techniques. The design lessons encompass color theory, graphic design, typography, and more. The resource is designed in a way to help you work on your artistic skills while making you enjoy the process of creating an artwork.

Drawing Now

Drawing Now might be a great site for kids to get started on learning how to draw but it can also teach beginners of all ages the basics to feel like they have got a grasp on things. It has thousands of free step-by-step drawing lessons. You can learn how to draw cartoon-style animals and characters. There are also tips on sketching in each tutorial. Learn to draw Puss in Boots, Super Mario, Mickey Mouse, The Grinch, and a horde of other fun characters. You can even send them a request for your favorite cartoon character and they will make a video on it. The best thing is that you can print the tutorial pages and work on them offline, in your own time. The site has broken down the tutorials according to grades so it’s easy to keep track of your progress or join in on a level you feel comfortable with.

Proko

With drawing tutorials by Stan Prokopenko who was born in Ukraine during the Chernobyl, Proko has many professional drawing courses. Most of them are paid courses though. But there are plenty of free tutorials as well. You can check them out and decide if you want to invest in a professional course. Most of the videos start with the basics before moving on to more advanced techniques. You can learn basic shading and three-dimensional effects, figure or portrait drawing among many other things.  The basic drawing course, which is free, has 27 lessons. The fundamentals of figure drawing has 32 videos. Anatomy of the human body has 115 free lessons. So, there is plenty of material for you to go through before stepping it up a notch with the paid versions.

Drawspace

Drawspace operates with the principle that everyone can draw if given the right resources and tips. Here, you can get more than 500 classes for all levels and learn to draw and sketch. The user-friendly layout helps you gradually build up your skills. There are both free and paid classes. You have to register (for free) to be able to access them. The lessons are tested by teachers, professors, and instructors. The site also provides many downloadable PDF tutorials that have detailed instructions. The curriculum provided by Drawspace is used by millions of students and teachers alike around the world so it’s pretty comprehensive. Whether you want to learn a new skill, spark your creativity, or boost your memory, Drawspace lessons are designed to benefit people of all ages and skill levels.

Creative Blog

This is a really fun website that will teach you how to draw while giving you a bunch of other great materials to learn from as well. Creative Blog is an art and design magazine site where you will find a selection of drawing tutorials for beginners. These include videos and written guides that teach you how to draw a cat, a dog, a dragon, people, and more. Be prepared to get lost in this world of amazing content. You can learn how to make your artwork seem bright or paint a snowy scene in watercolor while also learning how to fix a black screen on MacBook or use Pages on iOS.

Editorial: Upper House losing reputation

The Election Commission (EC) is holding National Assembly polls on January 25 to fill 19 seats that are becoming vacant on March 4. The EC has published the final list of candidates contesting the election. However, the major parties, mainly the Nepali Congress and CPN (Maoist Center), have faced a backlash from their cadres and people alike over the selection of candidates. 

The upper house serves as an eclectic council of experts and scholars that advises the House of Representatives. It plays an important role in making the lower house and the government accountable. However, the selection of candidates by major parties tells a different story. Leaders, who were rejected by voters in the House of Representatives (HoR) elections multiple times, have been granted tickets. Such practice undermines the spirit of the upper house as the dominance of same old defeated faces in parliament discourages youth leaders within major parties. There is deep dissatisfaction over the selection of candidates within the NC. Moreover, parties have violated the principle of inclusion in candidate selection. The Nepali Congress, for example, doesn’t have a single candidate representing the Madhes region.

Not only the Nepali Congress, the Maoist Center and CPN-UML have, in the past, appointed leaders who lost House of Representatives elections to the upper house. Since its formation in 2018, only a few experts have been sent to the upper house. This has tarnished the status and glory of the upper house. Contrary to its intended role as the conscience keeper of parliament, the National Assembly has failed to function independently due to excessive influence of government and political parties.

The top leaders of major parties, however, appear unaffected by the backlash over candidate selection. The major parties need to to take this matter seriously, as the diminishing trust of the people toward parliamentary bodies poses a threat to democracy as a whole. At a time when some people are criticizing the 2015 Constitution and democracy, unpopular decisions by major parties will further erode public trust in the current system. Therefore, parties must address this issue seriously and work toward restoring the reputation of parliament.


 

Gold price drops by Rs 100 per tola on Wednesday

The price of gold has dropped by Rs 100 per tola in the domestic market on Wednesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 118, 500 per tola today. It was traded at Rs 118, 600 per tola.

Meanwhile, tejabi gold is being traded at Rs 117, 950 per tola. It was traded at Rs 118, 050 per tola.

Similarly, the price of silver has dropped by Rs 5 and is being traded at Rs 1,410 per tola today.

Nepse surges by 20. 62 points on Tuesday

The Nepal Stock Exchange (NEPSE) gained 20. 62 points to close at 2,080. 12 points on Tuesday.

Similarly, the sensitive index surged by 5. 64 points to close at 382. 92 points.

A total of 17,949,562-unit shares of 309 companies were traded for Rs 6. 11 billion.

Meanwhile, Karnali Development Bank Limited (KRBL), Sindhu Bikash Bank Ltd (SINDU), Kalika Laghubitta Bittiya Sanstha Ltd (KMCDB), Saptakoshi Development Bank Ltd (SAPDBL) and Upper Syange Hydropower Limited (USHL)​​​​​​​ were the top gainers today, with their price surging by 10. 00 percent.

Likewise, Dhaulagiri Laghubitta Bittiya Sanstha Limited (DLBS)​​​​​​​was the top loser as its price fell by 8. 19 percent.

At the end of the day, total market capitalization stood at Rs 1. 12 trillion.