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Out of 19 candidates for the House of Representatives (HoR) elections in Kanchanpur-2, 15 have lost their deposits after failing to secure minimum votes.

According to Election Officer Prkash Bahadur Bhandari, the HoR Elections Act-2074 BS mandates the confiscation of deposits of an election candidate who fails to secure 10 percent of the total valid votes. 

As per the provision, 11 candidates from various political parties and four independents have lost their deposits. 

They are Rastriya Prajatantra Party (RPP)'s Tirtha Raj Chautaut (1,993), Janamat Party's Ramchandra Bhatta (125), Sitaram Rana (72) of Nepal Workers and Peasants' Party ( 72), Ram Bahadur Karki of Rastriya Janamorcha (195), Dharmananda Joshi (195)  of Pragatisheel Loktantrik Party (195), Khadak Tamrakar (143) of Samyukta Nagarik Party, Tej Bahadur Badawal (18)  of Miteri Party Nepal, and Lokendra Bahadur BK (143) of Nepal Communist Party(Maoist). 

Likewise, Yogendra Bahadur Saud (93) of Ujyalo Party Nepal, Premawati Rana ( 560) of Nagarik Unmukti Party Nepal, Jaggu Chaudhary  (37) of Aam Janata Party, independent candidates Birendra Rana (81), Bhanubhakta Bohara ( 26), Siddharaj Joshi(19), Harish Bahadur Bhatta (44) have also lost the deposits.  

Deepak Raj Bohora of Rastriya Swatantra Party (RSP) was elected with 33,952 votes while his nearest competitor Narayan Prasad Saud secured 10,827 followed by CPN-UML candidate Bachan Bahadur Singh with 6,418 votes. Nepali Communist Party (NCP) candidate Madhav Pant got 6,337.

Out of 65,347 votes cast here, 4,230 were declared invalid, according to the Election Officer's Office. 

The Election Commission has updated that the Rastriya Swatantra Party (RSP) secured victory in 124 constituencies, standing atop the vote count following the March 5 House of Representatives elections.

The vote count updated at 1 pm showed that the Nepali Congress is in the second spot with a huge margin- 17 victories, while it is trailed by CPN-UML with eight victories. The RSP, NC and UML candidates are leading in one constituency each.

The Nepali Communist Party (NCP) secured seven victories, while it was trailed by the Shram Shanskriti Party with three victories. The Rastriya Prajantantra Party (RPP) and an independent candidate won the election with one seat each.

Under the proportional representation vote count which is also going on, RSP has topped with over 4.1 million votes, while it is followed by NC with over 1.3 million votes, UML with over 1.1 million votes, NCP with over 614, 000  votes and Shram Sanskriti Party with over 300 votes.

The Nepal Stock Exchange (NEPSE) surged by 162. 93 points to close at 2, 827. 43 points on Monday. 

Similarly, the sensitive index dropped by 28. 11 points to close at 494. 10 points.

A total of 1,143,767-unit shares of 261 companies were traded for Rs 1. 65 billion.

Meanwhile, Corporate Development Bank Limited (CORBL) and Shiva Shree Hydropower Ltd (SSHL) were the top gainers today with their price surging by 10. 00 percent.

Similarly, Reliance Spinning Mills Limited (RSML) was the top loser as its price fell by 1. 49 points. 

At the end of the day, the total market capitalization stood at Rs 4. 83 trillion.

The price of gold has dropped by Rs 3, 700 per tola in the domestic market on Monday. 

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 313, 200 per tola today.  It was traded at Rs 316, 900 per tola on Sunday.  

Similarly, the price of silver has dropped by Rs 65 per tola and is being traded at Rs 5, 410 per tola.