Nepal Financial News

Chinese influence" may have played a role in encouraging the Leftist unity in Nepal with PM Pushpa Kamal Dahal 'Prachanda' dropping the Nepali Congress as its partner and form an alliance with the Communist Party of Nepal (CPN)-UML led by K P Sharma Oli. The year-long Nepali Congress and Prachanda-led CPN (Maoist Centre) coalition collapsed on Monday, with Prachanda joining hands with the CPN-UML to revive the «Left alliance». Thereafter, Prachanda reshuffled his cabinet to include ministers from the Communist party and created an eight-point programme to run Nepal. Despite contesting the elections in a pre-poll alliance with the Congress, Prachanda became the Prime Minister on December 26, 2022, with the UML's support. But the partnership could not last long after his party decided to support the Nepali Congress in the presidential election. The UML had pulled out of the government on February 27 last year, and Prachanda and Nepali Congress joined hands to form the government.

Earlier, Nepal had set a challenging target of 185 runs for the Netherlands to clinch the T-20I triangular series title. Batting first after winning the toss at the TU International Cricket Ground, Nepal posted a total of 184 runs, losing 8 wickets in 20 overs. Opener Ashif Sheikh scored a brisk 47 runs off 37 balls, Gulshan Jha scored 34 runs off 25 balls, Kushal Malla 26 runs off 11 balls, captain Rohit Paudel 25 runs off 19 balls, and Kushal Bhurtel added 20 runs off 10 balls.

Standard Chartered Bank, India has appointed Sanjay Gurjar the Co-Head, Client Coverage — Corporate, Commercial and Institutional Banking (CCIB) for India and South Asia, the company said in a statement on Tuesday. Gurjar’s remit will cover Local Corporates & Middle Markets in India, Bangladesh, Sri Lanka & Nepal. Prior to this assignment, Gurjar was the Managing Director & Head, Banks & Broker Dealers (BBD), ASEAN & Head Financial Institutions (FI), Singapore.

Jharkhand Police has handed over a compensation of Rs 10 lakhs to the husband of a Spanish woman who was allegedly gang-raped in Dumka on Friday. According to the police, the Spanish woman was gang-raped in Hansdiha police station limits when she was en route to Nepal from West Bengal. «We did a fast investigation and from the side of district administration, we are providing all the help to them (rape survivor and husband). Under the victim compensation scheme, we have given them Rs 10 lakh. We will try for a speedy trial and conviction of the accused,» Anjaneyulu Dodde, Deputy Commissioner, said on Monday.

PTI, the performer was allegedly gang-raped by three co-artists in a car after being given an intoxicating substance. All the three co-artists hailed from Palamu. The incident took place around 200 km from Ranchi, on a road in Vishrampur.

ANI, Jaishankar emphasized that “big bullies" do not extend aid amounting to USD 4.5 billion when neighbouring countries face distress. EAM Jaishankar at the event on Sunday, “The big change today in this part of the world is what has happened between India and its neighbours.

non-basmati white rice to Tanzania and 80,000 tonne of broken rice to Djibouti and Guinea Bissau. The export is permitted through National Cooperative Exports Limited (NCEL), the Directorate General of Foreign Trade (DGFT) has said in a notification. Though exports of non-basmati white rice have been banned since July 20, 2023 to boost domestic supply, exports are allowed on the basis of permission granted by the government to certain countries to meet their food security needs on request. Tanzania is an East African nation, while Djibouti is at the northeast coast of the African continent.

Times Now. “We are in the hospital, and something happened to us that we wouldn’t wish on anyone. Seven men raped me, and they have beaten us and robbed us, although not many things (were taken) because what they wanted was to rape me. We are in the hospital with the police, it happened tonight in India," the 28-year-old Spanish travel vlogger shared in her video post on Instagram.

ALSO READ: LeT’s Tunda tells court he wasn’t arrested in India The central probe agency agency said 12 people have been convicted in the case so far. These 12 include Irfan and Hamir-Ul-Uddin who were sentenced to life imprisonment by the Terrorist and Disruptive Activities (Prevention) Act (TADA) court on Thursday. Abdul Karim Tunda, a key accused in the 1993 serial train blasts case, was acquitted on Thursday.

13th ministerial conference (MC13) of the World Trade Organization (WTO) got extended and entered into the fifth day as the 166-members couldn’t reach a consensus on key issues of agriculture, fisheries subsidies, ending the moratorium on imposing customs duties on e-commerce transmissions and dispute resolution reform. Moreover, talks on elements on trade inclusiveness, women’s participation in trade, industrial policy and environment, in the draft Abu Dhabi package also remained unresolved. “Members are indicating that additional time will be needed to iron out some of the outstanding issues,” said an official, adding that, for this reason, the informal meeting of heads of delegation and the formal closing session were postponed to Friday.

TADA (Terrorist & Anti-disruptive Activities Act) court in Ajmer today acquitted 1993 serial bomb blasts' main accused Abdul Karim Tunda, more than 30 years after the bomb blasts carried out in five trains across India to coincide with the first anniversary of Babri Masjid demolition in Ayodhya on Dec 6, 1992. «The honourable court has acquitted Abdul Karim Tunda from all the charges. The CBI failed to present any strong evidence against Abdul Karim Tunda,» says Tunda's advocate Shafiktullah Sultani. The TADA court had framed charges against main accused Abdul Karim Tunda and two others — Irfan alias Pappu and Hamiruddin — on Sept 30, 2021, for orchestrating the blasts in Lucknow, Kanpur, Hyderabad, Surat and Mumbai on the intervening night of Dec 5-6, 1993.

Indian nationals hired by Moscow, with the help of recruiters around the world, for the Russian army in Ukraine. Two years into the war tens of thousands of Russian soldiers have died in Ukraine, and Moscow is on a global quest for more combatants, sometimes with the assistance — complicit or oblivious — of informal intermediaries. An Indian translator working in a military recruitment centre in Moscow told AFP journalists in New Delhi that his facility was one of a network across Russia.

Also Read: Bank Holidays in 2024. Check the full list here Maha Shivratri is celebrated with huge fervour where devotees observe fast and worship Lord Shiva, also referred to as Mahadev. Different stories are popular across the country and in different parts of Nepal and the West Indies related to Lord Shiva.

adventure tourism is virtually untapped. The 2020 Adventure Tourism Development Index ranks India 96th among 191 countries, below Bhutan (14th) and Nepal (67th). This is due to a lack of infrastructure, trained personnel, stringent safety guidelines, and a cohesive policy among GoI, states, private sector and local communities.

NTA) has announced that the National Eligibility cum Entrance Test for Undergraduate (NEET-UG) will be conducted at exam centres in 14 foreign cities on May 5. This decision comes after requests from aspirants, as the initial information bulletin for the exam did not mention centres outside India. «It has been decided that the exam will also be conducted in 14 foreign cities in 12 countries,» said NTA Senior Director (Exams) Sadhna Parashar. According to NTA Senior Director (Exams) Sadhna Parashar, the exam will be conducted in 12 countries, including cities like Dubai, Abu Dhabi, Sharjah (UAE), Kuwait City (Kuwait), Bangkok (Thailand), Colombo (Sri Lanka), Doha (Qatar), Kathmandu (Nepal), Kuala Lumpur (Malaysia), Lagos (Nigeria), Manama (Bahrain), Muscat (Oman), Riyadh (Saudi Arabia), and Singapore.

India has allowed exports of onions on government-to-government basis to some countries, on recommendation of the Ministry of External Affairs, said people aware of the matter. One of the persons said a limited quantity of onion exports has been allowed for bilateral purposes though no decision has been taken on lifting a complete ban on onion exports. Details of the exporting agency could not be ascertained. Another person said the government has permitted exports of onions in limited quantities to Bangladesh, Sri Lanka, Mauritius, Bahrain, Bhutan and Nepal, among others.

₹129 per share, with a face value of ₹10 per share. The issue price is 12.90 times of the face value of the equity share. The SME IPO is a a fixed price issue of ₹29.26 crores.

Nepal's Home Minister Narayan Kaji Shrestha who has directed local authorities to crack down against illegal activities by citizens from the neighbouring country. Shrestha's directive came against recent activities by certain Chinese nationals who violated visa norms and Forex regulations, ET has learnt.

return to the NDA last month. Owaisi also claimed that he had predicted Kumar's move well ahead of the JD(U) president going back to the BJP-led alliance “...When I told you last year in Kishanganj that Nitish Kumar will switch sides and asked you to not trust him then I was called the 'B team' of the BJP... You have voted in the name of secularism, you have voted to stop the BJP and PM Modi but what did you get?" Owaisi said on Friday.

Act East Policy Affairs Minister Chandra Mohan Patowary said that the Act East Policy, under the stewardship of Prime Minister Narendra Modi, has reinvigorated India's engagement with its Eastern neighbours, while the country’s relationships with Bangladesh and Bhutan have seen a new era of cooperation in areas of trade, transit and water resources management. Patowary today attended the inaugural session of “Act East through Northeast 2.0 — The Round Table Conference on Inter Country Economic Corridor through Northeast of India for Inclusive Growth” held at a city hotel. Building on the momentum of the previous successful conclave in 2022, the second instalment of the roundtable conference organised by Act East Policy Affairs Department, Govt of Assam aims to explore the fresh opportunities presented by the Act East Policy for the Northeast region. It also seeks to develop a strategic framework for enhancing economic and cultural connections with Southeast Asian countries, with a focus on bolstering bilateral relations with neighbouring Bangladesh and Bhutan.

RBI) signed terms of reference (ToR) with Nepal Rastra Bank on Integration of Unified Payments Interface (UPI) of India with National Payments Interface (NPI) of Nepal for cross-border remittances. The banking regulators of India and Nepal signed and exchanged Terms of Reference for integration of cross border payment between the two countries. The integration is aimed at facilitating cross-border remittances between India and Nepal by enabling users of the two systems to make instant, low-cost fund transfers.