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A woman died after a landslide buried a house in Baglung district on Wednesday night.

The deceased has been identified as Khil Kumari Sharma (55) of Titaura, Baglung Municipality-7, according to Meghnath Gaire, Ward Chairman.

Sharma had been living alone. The neighbors informed the people's representatives and police about the disaster this morning.

Landslide obstructs Mid-Hill Highway

Meanwhile, the landslide triggered by incessant rainfall obstructed the Mid-Hill Highway.

The landslide occurred at Bayaldanda of Kathekhola Rural Municipality in the district.

The obstruction has disrupted vehicular movement to and from Purba Rukum, Paschim Rukum and Jajarkot districts, according to Deputy Superintendent of Police in the district, Bijay Yadav.

Similarly, Baglung bazaar has been waterlogged due to heavy rains that occurred since Wednesday evening. 

Inundation in the marketplace has caused a huge loss of property.  

The Prithvi Highway has been obstructed due to a landslide at Mauwakhola of Ichchhakamana Rural Municipality-3 on Thursday.

Nirala Bhandari, police inspector at the Area Police Office, Muglin, informed that an excavator is being used to remove the debris.

However, it would take time because continuous rainfall and mudslide is hampering the work. With the obstruction, the vehicles are stranded on the road.

As the rainy season began during the upgrading of the road, it has caused frequent mudslides, thereby obstructing the traffic on one of the busiest highways in the country.

A total of 55,979 tourists visited the Khumbu region in the last 11 months of the current fiscal year.

The Sagarmatha National Park shared this information.

Information officer at the Park, Manoj Kumar Mandal, said most of the tourists were foreign- 48,402, while the number of domestic tourists was 7,577.

Most of the tourists visited the region in April. April is the tourist season.

Meanwhile, the Park collected Rs 136 million in revenue in the last 11 months. Every Nepali is charged Rs 100, while those from SAARC countries Rs 1,500 each and others Rs 3,000.

The Gross foreign exchange reserve of the country has increased by 27.8 percent to Rs 1967.19 billion as of mid-June 2024 from Rs 1539.36 billion in mid-July 2023. In US dollar terms, the gross foreign exchange reserves increased 25.7 percent to 14.72 billion in mid-June 2024 from 11.71 billion in mid-July 2023.

According to a statement released on the 'Current Marcoeconomic and financial situation' of the country based 11 months data as of mid-June, of the total foreign exchange reserves, reserves held by NRB increased 30.2 percent to Rs.1752.77 billion in mid-June 2024 from Rs 1345.78 billion in mid-July 2023.

Reserves held by other banks and financial institutions increased 10.8 percent to Rs 214.42 billion in mid-June 2024 from Rs 193.59 billion in mid-July 2023. The share of Indian currency in total reserves stood at 22.3 percent in mid-June 2024.

Likewise, Balance of Payments (BOP) remained at a surplus of Rs 425.67 billion in the review period against a surplus of Rs 224.9 billion in the same period of the previous year.

The current account remained at a surplus of Rs 200.39 billion in the review period against a deficit of Rs 79.53 billion in the same period of the previous year.

In the review period, capital transfer decreased 25.7 percent to Rs 5.46 billion and net foreign direct investment (FDI) remained a positive of Rs.8.16 billion. In the same period of the previous year, capital transfer amounted to Rs.7.35 billion and net FDI amounted to Rs 4.65 billion.

Furthermore, the consumer price inflation moderated to 4.17 percent in mid-June 2024 compared to 6.83 percent a year ago. Food and beverage category inflation stood at 5.76 percent whereas non-food and service category inflation stood at 2.94 percent in the review month.

During the period, the total trade deficit decreased 1.7 percent to Rs 1314.44 billion. Such a deficit had decreased 15.2 percent in the corresponding period of the previous year. The export import ratio decreased to 9.6 percent in the review period from 9.7 percent in the corresponding period of the previous year.

This is due to a decrease in merchandise exports by 3.0 percent to Rs 139.26 billion compared to a decrease of 22.7 percent in the same period of the previous year. Exports to India decreased 4.5 percent while that to China increased 57.7 percent. Similarly, export to other countries decreased 1.7 percent. Exports of zinc sheet, particle board, juice, readymade garment, and oil cakes among others increased whereas exports of palm oil, soyabean oil, woolen carpet, brans, tea among others decreased.

In the review period, total revenue mobilization of the Government (including the amount to be transferred to provincial and local governments) stood at Rs 919.19 billion. Revenue mobilization recorded a growth of 9.8 percent in the review period in contrast to a decrease of 11.2 percent in the same period of last fiscal year. The tax revenue amounted to Rs 829.04 billion and non tax revenue Rs 90.15 billion in the review period.

According to the Ministry of Finance, Financial Comptroller General Office (FCGO), the total expenditure of the Government stood at Rs.1181.30 billion during the eleven months of 2023/24. Compared to a growth of 13.6 percent in the last fiscal year, government expenditure increased by 0.4 percent in the review period. The recurrent expenditure, capital expenditure and financial expenditure amounted to Rs.822.81 billion, Rs 134.98 billion and Rs 223.51 billion respectively in the review period.

In the meantime, remittance inflows increased 19.3 percent to Rs 1327.51 billion in the review period compared to an increase of 22.7 percent in the same period of the previous year. In the US Dollar terms, remittance inflows increased 17.3 percent to 9.98 billion in the review period compared to an increase of 13.0 percent in the same period of the previous year.