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Birgunj Metropolitan City has opened a well-equipped vegetable and fruit wholesale market near Railway Road in Chhapakaiya. The Rs 7m facility, wich came into operation from Sunday, was built to manage the vegetable and fruit vendors who had been operating their business from a vacant property of BP Garden near Ghantaghar in Birgunj Metropolitan City-9 for years.

The new market has 28 shuttered shops, warehouses, and toilet facilities. Birgunj Metropolitan City Mayor Rajeshman Singh formally inaugurated the newly constructed wholesale vegetable and fruit market. On the occasion, Mayor Singh said that the construction of the wholesale vegetable and fruit market is linked to the identity and name of the people of Chhapakaiya.

According to Arvind Lal Karna, Chief Administrative Officer of the metropolis, 28 shutters have come into operation in 14 units built at a cost of Rs 7m in the first phase. All basic facilities including electricity, water, toilets, sewage disposal and security are available in the wholesale market premises. Karna informed that there are plans to expand the number of units and physical infrastructure by investing an additional Rs 7m in the coming phase.

Deep Kumar Rai of Shyamshila-1, Bhojpur has become an example that hard work can grow gold even in your own soil. After returning from foreign employment a few years ago, he started a dairy industry and has made it a good source of income. The chhurpi business he produces from this dairy is earning millions of rupees annually.

Rai collects 400 liters of milk daily through the Chhintalung Dairy Industry and produces chhurpi from it.  He sends chhurpi worth about Rs 5m abroad annually and has been producing about 400 to 500 kilograms of chhurpi monthly.

He sells quality chhurpi produced in the dairy for up to Rs 1,150 per kilogram. Rai said that there is no problem in collecting milk after the rural municipality targeted farmers and distributed cows under subsidy in Pauwadung. He said, “There was a problem in transporting the milk produced by farmers to the district headquarters. After the industry was established here, it has become easier for farmers to sell. I go to their homes and collect milk.” Rai has been selling chhurpi along with ghee for Rs 750 per kg and kharuva ghee for Rs 1,000.

Farmers in the Shyamshila area had been facing the problem of lack of market even though they have been engaged in commercial animal husbandry for the past years. But now, Ward Chairperson Rajendra Tamang said that the market system has become much easier. He said, “Earlier, there was a problem with the market, there were no convenient roads to transport goods from villages, there were no vehicles, now that problem is no more, compared to before, it has become easier to deliver milk products not only to the district headquarters but also to external markets.”

The rural municipality chairperson Kiran Rai said that the ‘Milk Mission Program’ has been launched to make the rural municipality self-reliant in milk. He informed that improved breed cows and buffaloes have been provided as grants in areas suitable for animal husbandry. “We have been providing 50 percent grant support to farmers who want to raise animals,” said Kiran, “Farmers have started earning good income from milk sales. This incentive program has connected farmers to income generation.”

The rural municipality had distributed 13 improved breed buffaloes last year to provide nutrition and income to the locals. The rural municipality has stated that improved breed cows are being distributed again since the last fiscal year.

The price of gold has dropped by Rs 1, 000 per tola in the domestic market on Tuesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 251, 900 per tola today.  It was traded at Rs 252, 900 per tola on Monday.

The price of silver, however, has increased by Rs 15 and is being traded at Rs 3, 600 per tola.

The Nepal Stock Exchange (NEPSE) plunged by 3. 02 points to close at 2, 606. 67 points on Monday. 

Similarly, the sensitive index dropped by 1. 50 points to close at 446. 75 points.

A total of 10,146,400-unit shares of 331 companies were traded for Rs 4. 66 billion.

Meanwhile, Upper Syange Hydropower Limited (USHL) was the top gainer today with its price surging by 10. 00 percent.

Likewise,  Support Microfinance Bittiya Sanstha Ltd. (SMB) was the top loser as its price fell by 5. 16 percent.

At the end of the day, the total market capitalization stood at Rs 1. 47 trillion.