City Kathmandu Financial News

The Associated Press.  The chopper was returning to the capital Kathmandu on Tuesday morning after bringing the five tourists on a sightseeing trip to the world's highest park.  A search effort was underway involving another helicopter in the skies and police along with soldiers on the ground. Much of the mountainous area is only accessible on foot with no roads, AP reported.  Sagar Kadel, an Airport official said that weather conditions had caused changes to be made to the helicopter's planned flight route.

Prithvi Subba Gurung on Sunday said that former King Gyanendra breached the agreement he had reached with political parties that he would honour the constitution. «The government will take action if he continues to indulge in activities directed against the constitution,» he said. Speaking at a programme in Lamjung district, Gurung said, «The ex-monarch has violated the agreement he had reached with the political parties in the past that he would honour the constitution and not indulge in activity that would undermine the sovereign people.» Gyanendra had reached the agreement with political parties that the government would let his mother, former queen Ratna Rajyalaxmi Shah, to live in a section of Narayanhiti Palace, and to let him live in Nagarjun Palace on the outskirts of Kathmandu, he said. The government had agreed to provide him with the facilities entitled to a former head of the state and that he would honour the constitution and also not interfere with sovereign rights of the Nepalese citizens, Gurung added. However, the former king had breached the agreement with his statement during the democracy day on February 19, he said.

KP Sharma Oli has said the meeting with Indian Prime Minister Narendra Modi on the sidelines of the BIMSTEC Summit in Thailand's Bangkok was «fruitful and progressive.» Addressing a press conference after landing back in Kathmandu on Saturday afternoon, the Nepali Prime Minister said that a commitment has been established between the two counterparts to take the relationship to newer heights. «We (both the Prime Ministers) have made the commitment that the Nepal-India relation will be taken to new heights, further deepening it, covering wider aspects and solve the problems that arise over the time. It is common that neighbours will encounter problems and it is resolved through dialogue, we both are convinced about it. The meeting went very well and I am very happy and consider it as fruitful for both the countries. While talking about him (Indian Prime Minister), I also understand that he is happy with the meeting, which I decode from the talks with him,» Oli said in the press briefing at the VVIP lounge of Tribhuvan International Airport.

Jajarkot district on Friday, officials said on Saturday. Two back-to-back earthquakes struck western Nepal on Friday evening, occurring just three minutes apart.

Airtel, HDFC Bank, Macrotech Developers, Maruti Suzuki, Hindustan Zinc among others will be in focus due to various news developments. SpiceJet SpiceJet, which had regular flights to Nepal before the Covid pandemic, has received scheduled approval and slots from Kathmandu's Tribhuvan International Airport (TIA).

Kathmandu on Friday witnessed a tense situation after pro-monarchy protesters pelted stones, attacked the office of a political party, set fire to vehicles and looted shops in the Tinkune-Baneshwor area of Kathmandu. Two persons, including a TV cameraman, were killed and 110 others injured in the clashes between the security personnel and the pro-monarchy protesters. As the protest was organised on the call of Gyanendra Shah, Kathmandu Metropolitan City's (KMC) mayor Balendra Shah sent a letter to his residence at Nirmala Niwas at Maharjgunj on the outskirt of Kathmandu asking him to pay Nepali Rupees 7,93,000 as compensation against the damage. In the letter sent to the former monarch, copies of which were released to the media, the KMC said that the protest organised with the call of the former monarch had damaged various properties belonging to the metropolis and affected the environment of the capital city. Durga Prasai, who was the convener of Friday's agitation, had met Gyanendra Shah a day before and received instructions to stage the agitation demanding reinstatement of monarchy and a Hindu state.

An earthquake measuring 4.1 magnitude on the Richter scale hit Baglung district, about 300 kilometres from Kathmandu, at 6.20 a.m., the National Earthquake Monitoring Centre said. The epicentre of the tremor was the Khukhani area in the district.

Prakriti Lamsal, however, echoes far beyond its walls—in Odisha, where students are protesting, and in Nepal, where government officials and student communities are demanding answers.

regional cross-border connectivity, Union minister Manohar Lal jointly inaugurated electricity transmission from Nepal to Bangladesh, along with Bangladesh power adviser Md Fouzul Kabir Khan and Nepal power minister Dipak Khadka through a virtual event. This historic occasion marks the first trilateral power transaction, which has been carried out through the Indian grid. New Delhi had announced its decision to facilitate the first trilateral power transaction from Nepal to Bangladesh through the Indian grid, with an export of up to 40 MW of power during the visit of the then prime minister of Nepal, Pushpa Kamal Dahal 'Prachanda', to India in 2023.

climate change, a rapid analysis by a team of leading scientists said on Thursday. The analysis by World Weather Attribution (WWA) also underscored the urgent need for Nepal to limit development in low-lying, riverside areas of Nepali cities to prevent and protect people from future floods. WWA is a collaboration of international scientists that analyses and communicates the possible influence of climate change on extreme weather events, such as storms, extreme rainfall, heat waves, and droughts. The floods in Nepal followed three days of extreme rainfall starting September 26. As records were broken across central and eastern Nepal, with some weather stations recording more than 320 mm on September 28, massive floods and landslides claimed at least 244 lives and caused a heavy loss to the country.

Makwanpur district are missing, believed to have been caught in a landslide triggered by heavy rains, the ANFA said on Saturday. The rains, which have caused several fatalities in the area, led to the incident. The incident occurred in Indrasarowar, not far from the capital Kathmandu, while the players were moving to a safer location, ANFA said in a statement. «Search efforts are currently underway… the other players who were at the same location have been safely moved to a secure area,» ANFA added.

landslides caused by heavy downpours in Nepal killed at least 10 people across the Himalayan country, with rescue teams searching for 18 missing, a disaster official said Saturday. Parts of Nepal have been inundated with rainfall since Friday, prompting disaster authorities to warn of flash floods in multiple rivers. «Police are working with other agencies and locals to rescue and find the missing people,» Basanta Adhikari, a spokesman for Nepal's National Disaster Risk Reduction and Management Authority, told AFP.

landslides that killed at least 10 people with seven missing during the last 24 hours, while disrupting transport, officials said on Saturday. Most rivers in the Himalayan nation have swollen, spilling over roads and bridges, authorities said, after nearly a week's delay in the retreat of South Asia's annual monsoon rains brought torrential downpours across the region. Police were working to clear debris and re-open roads to traffic after landslides blocked highways at 28 locations, police spokesman Dan Bahadur Karki said.

open dialogue and warmheartedness. «There exist few problems, not many, between Nepal and India, and they can be resolved, if we maintain warm heart and open dialogue,» Oli said here at the launch of former administrator Surya Nath Upadhyay's book titled 'International Watercourses Law: A Perspective on Nepal-India Cooperation'. «India is our friendly neighbour and Nepal and India have rich cultures so we should have an open dialogue. The blame cannot be merely imposed on the geopolitical situation for our inability to speak openly. We should not be involved in any game meant for gaining and sustaining power,» Oli said. «Earlier, foreign relations were maintained and dominated by the country's strengths. After the IInd World War, a country should present its national interests reasonably and justifiably in line with international treaties and agreements.»

Prozeal Green Energy and Nepalese firm Golyan Power have inked a joint venture agreement for setting up solar power projects in the Himalayan nation. The agreement was signed on Tuesday at Golyan Group headquarters in Kathmandu, marking a significant milestone in both companies' commitment to advancing renewable energy solutions, a statement said. The agreement was signed by Shobit Rai, Director of Prozeal Green Energy, and Akshay Golyan, Director of Golyan Power. The partnership underscores a shared vision to contribute meaningfully to a cleaner and greener future for Nepal.

international travel. A recent report by MakeMyTrip, covering the period from June 2023 to May 2024, highlights a significant rise in the number of Indians taking international trips, with a 32% growth in people going on two or more international journeys. Those taking three or more trips have grown by 37%, underscoring India's growing appetite for global travel.

post-mortem of the 27 Indian pilgrims who were killed in the tragic bus accident in Nepal was underway in a hospital in the Bagmati province on Saturday, ahead of the transportation of the bodies to Maharashtra, a media report said. At least 27 Indian pilgrims, all from Maharashtra, who were in Nepal for a 10-day tour, were killed and 16 others injured after their bus veered off the highway and fell into a fast-flowing river in central Nepal on Friday. The post-mortem of bodies is being held in the Bharatpur Hospital in the Chitwan district of the Bagmati province, the MyRepublica news portal reported. The bodies were sent from the Anbu Khaireni Hospital to Chitwan for a post-mortem, the report said, quoting Deputy Superintendent of Police Deepak Rai.

Nepal Prime Minister K P Sharma Oli on Sunday extended an invitation to his Indian counterpart Narendra Modi to visit the Himalayan nation. Oli extended the invitation to Prime Minister Modi for the visit through visiting Foreign Secretary Vikram Misri, who paid a courtesy call on the Nepalese Prime Minister, according to a statement issued by the Prime Minister's secretariat here. Oli was sworn in as Nepal's prime minister for a fourth time last month. He assumed office after the government led by Pushpa Kamal Dahal 'Prachanda' lost the vote of confidence in the House of Representatives. Misri also called on the former prime minister and Nepali Congress president Sher Bahadur Deuba at his residence at Budhanilkantha on the outskirts of Kathmandu.

Check all the Bangladesh news LIVE updates here on LiveMint.As the situation in Bangladesh worsened following Sheikh Hasina's resignation amid heavy protests, several former diplomats and experts have raised concerns about the scenario and asked the Indian government to remain vigilant.Pinak Ranjan Chakravarty, who also served as Indian High Commissioner to Bangladesh, also elaborated on the situation and opined that the possibility of foreign hands behind the unrest can't be ruled out."Bangladesh has seen many such crises in the past... It has happened because of many reasons, basically their internal ones.

Chinese ambassador to Nepal kicked up another controversy through social media, drawing the ire of the local population. In the latest such instance, Chen Song faced criticism for passing a «joke» about a bus accident in Nepal. On July 28, while reposting a news article titled «19 kg magnet, brought to search for the lost bus, is itself missing», he wrote on X, «Find the magnet then». He was referring to the July 12 accident, when a bus travelling from Kathmandu to Gaur and another coming from Birgunj to Kathmandu were swept away into the Trishuli river at Simaltal, Chitwan district of Nepal. Out of 65 passengers, 62 were missing. The whereabouts of the buses and most of the passengers are still unknown. Upon the request of the Nepal government, India sent a 12-member diving team with magnets to assist in the search. The Chinese ambassador's comments appeared to be targeted not only at Nepal but also at the failure of the Indian team, according to Kathmandu-based people.

Saurya Airlines plane crash at Kathmandu's Tribhuvan International Airport resulted in the deaths of 18 individuals. The incident occurred as the aircraft, carrying 19 people, caught fire shortly after skidding off the runway. The dramatic event was captured on video and shared on social media, though the authenticity of the footage remains unverified. Other footage displayed rescue workers sifting through the burned wreckage scattered across green fields, with bodies being transported to ambulances on stretchers as local residents observed. Officials reported that the airport was temporarily closed.

Rescuers assisted by divers from Nepal's security forces on Saturday resumed the search for over 50 people, including seven Indians, still missing after two passenger buses were swept away by a mudslide into a rain-swollen river in the Himalayan nation. The two buses carrying 54 passengers went missing in the Trishuli River in the landslides at the Simaltal area along the Narayanghat-Mugling road in Chitwan district. Earlier, it was reported that there were more than 60 people on board the two buses. The Nepali Army, Nepal Police and armed police personnel along with deep divers are being mobilised to resume the search operation, according to the Nepal Police.