Submit your Article

The Nepal Stock Exchange (NEPSE) gained 2. 41 points to close at 2, 730. 00 points on Monday.

Similarly, the sensitive index surged by 1. 23 points to close at 459. 61 points.

A total of 23,770,348-unit shares of 319 companies were traded for Rs 11. 87 billion.

Meanwhile, Upakar Laghubitta Bittiya Sanstha Limited (ULBSL) and Bhugol Energy Development Company Limited (BEDC)​​​​​​ were the top gainers today, with their price surging by 10. 00 percent.

Likewise, Green Development Bank Ltd. (GRDBL) and River Falls Power Limited (RFPL)​​​​​​​ 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. 52 trillion.

Remittance inflows increased 4.1 percent to Rs 763.08 billion in the review period compared to an increase of 22.2 percent in the same period of the previous year.

Nepal Rastra Bank (NRB) stated this in its report, 'Current Macroeconomic and Financial Situation of Nepal.' The report is based on six months data ending Mid-January, 2024/25.

In the US Dollar terms, remittance inflows increased 1.1 percent to Rs 5.58 billion in the review period compared to an increase of 19.5 percent in the same period of the previous year.

Net secondary income (net transfer) reached Rs 832.76 billion in the review period compared to Rs.799.54 billion in the same period of the previous year.

The number of Nepali workers, both institutional and individual, taking first-time approval for foreign employment stands at 230,439 and taking approval for renew entry stands at 162,628. In the previous year, such numbers were 206,390 and 133,940 respectively.

Meanwhile, Net services income remained at a deficit of Rs 43.53 billion in the review period compared to a deficit of Rs.35.43 billion in the same period of the previous year.

Under the service account, travel income increased 5.1 percent to Rs 41.86 billion in the review period which was Rs 39.82 billion in the same period of the previous year.

Under the service account, travel payments increased 9.7 percent to Rs 101.92 billion, including Rs 56.83 billion for education.

Such payments were Rs 92.87 billion and Rs 58.95 billion respectively in the same period of the previous year, the central bank stated in its report.

The gold is being traded at Rs 162, 800 per tola in the domestic market on Monday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of silver has dropped by Rs 15 and is being traded at Rs 1,895 per tola today. 

Charang and Chaile of Mustang are to get a 33kV substation soon. At an initiative of Lo-Ghekar Damodarkunda Rural Municipality of Mustang, the Nepal Electricity Authority (NEA) has initiated the process of constructing two 33 kV electricity substations in Charang and Chaile in Upper Mustang.

The NEA has prioritized the construction of a 33 kV electricity substation in order to solve the severe electrical problems faced by Mustang and to provide reliable power to the Korala border, which borders northern China, and its physical and technical management work has been underway.

The NEA had invited bids for the construction of 33 kV substations in Charang and Chaile in the previous fiscal year. Lopsang Chomphel Bista, chairperson of the rural municipality informed that the final decision on the substation contract called for by the Authority will be made by February. “The work on the extension of the power line has now reached the final stage. It will be decided soon which company will get the substation,” he said. “As soon as the contract is finalized, the construction of the substation will begin.”

As the substation contract process reaches the final stage, an on-site inspection of the site where the 33 kV electricity substation will be built in Charang and Chaile of Mustang has been conducted. According to chairperson Bista, the site for the 33 kV substation was selected two years ago. He claimed that the long-standing electricity problem faced by Mustang district will end forever after the construction of the 33 kV substation along with the expansion of the 33 kV transmission line.

Mustang has an 11 kV transmission line in operation. Due to this, there have been extreme problems in electricity supply time and again. Although the NEA has a 33 kV transmission line in Kowang, the lack of a 33 kV substation in the area above it used to cause a lot of trouble in electricity supply. When there was a technical problem with electricity in any place in Mustang, the entire district would be in darkness. Chairperson Bista said that if the NEA completed the construction of the 33 kV line and substation, such problems would not have to be faced, he said. The distance of the 33 kV substation is 50 km. The NEA has made preparations to place two substations at a distance of 103 km from Kowang to Charang. For this, the NEA had called for electricity substation contracts in October of fiscal year 2023.

Similarly, a contract for the construction of a 33 kV electricity substation in Upper Mustang was called for on 6 July 2023. The authority had signed a contract agreement with Paradise Builders to complete the work of expanding electricity poles and other works within two years at a cost of Rs 276.5m and the work has been started.

Santosh Pyakurel, electrical engineer of the company, informed that the work of 33 kV electricity transmission in Mustang has been completed and the work of pulling wires has begun. According to him, out of a total of 2,265 poles to be expanded, 1,800 poles have been expanded.