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The Chandragiri Hills, which carries a historic and religious importance, has been the main attraction to both domestic and foreign tourists lately. Situated southwest of Kathmandu, the federal capital of the country, seven kilometers away from Thankot, Kathmandu, the tourist destination serves as a perfect fit for touristic, religious and recreational activities, also making an ideal spot for those who want to take a rest and enjoy away from the hustle and bustle of city life. The 2,551 meters-high natural heaven is surrounded by the wilderness with the eye-catching views of the Himalaya Mountain ranges in the background. A majestic view of Mount Everest, and the Kathmandu Valley, neighbouring Dhading, Nuwakot and Makawanpur districts is something that will entice people and tourists alike. Apart from being a major choice for the people who want to organise any meeting, seminar, assembly and any musical programs, it also serves as a stop for those visiting the Kathmandu Valley for recreational activities like a cable car ride, and for those who are keen in religion and history for research and a study. Besides, the area is also home to one of the most important Hindu temples, the Bhaleshwor Mahadev, which is believed to possess wish-granting powers. It has its historical significance as well. Going by a history, Prithvi Narayan Shah, King from the Shah dynasty, a unifier of the modern Nepal took a first glimpse of the present Kathmandu Valley (then known as Nepal Khalto), which in fact instilled in his mind an idea to annex the Valley into his kingdom. He is also believed to have got spiritual powers for the unification process after undergoing a 'sadhana' (meditation) here. He is told of having disguised himself while ascending the hills so as to avoid being recognized by the Malla Kings of the Kathmandu Valley. So, in his honor, his statue has been erected in the hills. The statue has been a main attraction to anyone visiting here. Visiting people pose with it for a photograph. Bhaleshwor Temple, the statue of Prithvi Narayan Shah, ziplines, a Children Park, a horse ride, the Chandragiri Hills resort, and shopping marts are among other attractions to the hills. It is believed that the Bhaleshwor Mahadev temple was built here after the incarnation of God Mahadev manifested. The temple has received an increasing number of pilgrims from home and neighboring India. A cable car network is a new addition to the beauty of the hills. Constructed by the Chandragiri Hills Limited, the cable car came into operation commercially on 16 December, 2016. Following this, inflow of tourists, domestic and foreign, has been high, said the Chandragiri Hills finance chief Binayak Pokharel. One of the options for tourists to reach the hills is a trekking route. The trekking route leading to the hills has been in existence since long, and tourists visiting the hills still take this route, he said. The cable car is operational seven days a week from 8 am to 8 pm. Over 71,100 tourists took a cable car ride in a single one month (mid-December, 2022 to mid-January, 2023), he said. It charges Rs 799 for a Nepali citizen for a round trip, and Rs 600 for a Nepali student. Similarly, USD 22 is charged for a foreign citizen. Manufactured by Doppelmayr/Garaventa Group, an international manufacturer of ropeways and people movers for ski areas, urban transport, amusement parks, and material handling systems based in Austria, the cable car is a gondola lift transportation system. The 2.46 km line runs from Thankot to the Chandragiri Hills. It has two stations consisting of 38 gondolas that can carry 1,000 people per hour. It also has three gondolas that carry goods. Each gondola carries eight persons at a time. In general, it takes 9 to 14 minutes to reach the top of the hills from the Thankot station. Over 2,000 people took a cable car ride on a regular day, and the figure rose to 4,500 and 5,000 on a holiday. The hills received a total of 507,411 domestic tourists, and 63,344 foreign tourists including from the SAARC (South Asian Association for Regional Cooperation) countries in the previous fiscal year, 2021/22, Pokharel said. There are two ziplines (100 meters and 200 meters) in operation, thus contributing to attracting an increasing number of tourists, he said. A 100 meters zipline was constructed at the cost of Rs 7 million. The zipline aims to attract both domestic and foreign tourists alike, said the Chandragiri Hills General Manager Sanjib Thapa. The 100 meters zipline spans from near the Bhaleshwor Temple to the children park. It charges Rs 400 each person for a 100 meters zipline ride, and Rs 800 for a 200 meters ride. It aims to develop the hill as an 'integrated tourist destination' and deliver superior product and services by empowering our customers, stakeholders and society as a whole, said Thapa. "We have built various physical infrastructures with the policy of promoting domestic and foreign tourism," he said. However, the global COVID-19 pandemic did not spare the cable car service as well. The number of tourists, both domestic and foreign, visiting the hills sharply dropped during the years when the virus took its toll, he said. But this year when the infection has almost subsided, there is a silver lining for the company. The inflow of tourists has been gradually on track, he said. The hills also run a resort here. The resort has served as a spot for tourists who want to take rest and let go of their tiredness away from the hustle and bustle of Kathmandu. It has also managed halls for organizing national and international seminars, meetings, conferences and gatherings, he said, adding that the country's governmental and non-governmental organizations held programs here.  

The Nepal Stock Exchange (NEPSE) plunged by 24. 44 points to close at 1,995.49 points on Wednesday. Similarly, the sensitive index dropped by 3. 56 points to close at 378. 37 points. A total of 3,729,976 unit shares of 257 companies were traded for Rs 1. 28 billion. Meanwhile, Adarsha Laghubitta Bittiya Sanstha Limited was the top gainer today with its price surging by 10. 00 percent. Likewise, Bottlers Nepal Limited was the top loser with its price dropped by 9. 61 percent. At the end of the day, the total market capitalization stood at Rs 2. 88 trillion.

The preparations for implementing Central Digital KYC (Centralized Electronic Know Your Customer) in the Nepali capital market have reached the final stage. The CDS & Clearing Limited (CDSC), the company responsible for providing centralized depository, clearing, and settlement services, has reached the final stage of preparations for implementing Central Digital KYC. In October 2020, the Securities Board of Nepal (Sebon), the capital market regulatory body, issued a guideline related to Centralized KYC and instructed the CDSC to implement Central Digital KYC. "Following the instruction, CDSC had begun the process of implementing Central Digital KYC, which has now reached the final stage," said Suresh Neupane, Spokesperson of CDSC. At present, brokerage companies, merchant bankers, and other capital market service providers have collected customer details digitally and in paper form, but it is not centralized. Customers are required to submit their personal details to every organization related to the capital market. After opening a Demat account, the customer has to fill out KYC even when opening a share account, broker ID, and other accounts. Given the current situation, CDSC has said Centralized KYC is being introduced whereby if customers fill out personal details in one entity, they do not have to again fill KYC to other entities. Currently, central digital KYC is also being tested in some broker companies and merchant bankers. "Now we are testing central digital KYC in some of the entities related to the capital market. And, the result is also very good," said Neupane, adding, "After completing the rest of the preparations, we will implement the Centralized KYC within the next 2 months." Once the Centralized KYC comes into implementation, the customers do not have to go through a troublesome process. According to CDSC, the system (software) of Centralized KYC should be approved by the Department of Information Technology of the Nepal government. With the process for getting approval already initiated, CDSC believes it will get the approval in the next 15 days. However, the agency is yet to determine the service fee to be charged to the customer regarding centralized KYC. According to the company's officials, discussions are ongoing with the Sebon, brokerage companies, merchant bankers, investors, and other stakeholders. "Once we get approval from the Information Technology Department and fix the service fee, it won't take long for us to implement the centralized KYC," said Neupane.

The price of gold has increased by Rs 500 per tola in the domestic market on Wednesday. According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 102, 300 per tola today. The gold was traded at Rs 101, 800 per tola on Tuesday. Meanwhile, tejabi gold is being traded at Rs 101, 800 per tola. It was traded at Rs 101, 300 per tola. Similarly, the price of silver has increased by Rs 15 and is being traded at Rs 1,270 per tola today.