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Republica

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Daily market commentary: Stocks end Monday’s session with modest gain

Published On: January 12, 2021 06:00 AM NPT By: Republica

KATHMANDU, Jan 11: After opening the day around 30 points higher, the local equity market benchmark witnessed correction amidst active profit booking. The Nepal Stock Exchange (Nepse) index traded 20 points higher at mid-day but experienced a steady decline in the afternoon trading hours. After trading in red briefly in the final hour, a recovery at the end saw Nepse close with a 3.70 gain at 2,239.43.

No plan to recall ambassadors now: Govt

Published On: January 11, 2021 07:52 PM NPT By: Republica

KATHMANDU, Jan 11: The government has clarified that there is no plan to recall Nepali ambassadors serving in various countries.

FDI in primary production should ensure use of advanced technology and local raw materials: Private sector

Published On: January 11, 2021 06:00 PM NPT By: Republica

KATHMANDU, Jan 11: The private sector has urged the government to allow foreign direct investment (FDI) in primary agriculture production only after assessing prudently the nature of investment.

‘Tehi Sachcha Nepali’ released

Published On: January 11, 2021 05:15 PM NPT By: Republica

‘Tehi Sachcha Nepali’, a song with the theme of nationality, was released on the eve of Prithvi Jayanti on Sunday via YouTube.

PM Oli pays tribute to late King Prithvi Narayan Shah

Published On: January 11, 2021 04:42 PM NPT By: Republica

KATHMANDU, Jan 11: On the occasion of the 299th Prithvi Jayanti (birth anniversary of late King Prithvi Narayan Shah) on Monday, Prime Minister KP Sharma Oli has recalled the special contribution of the unifier of modern Nepal and paid him tributes and respect.

Govt holding talks with three countries to procure COVID-19 vaccine: Health minister

Published On: January 11, 2021 03:42 PM NPT By: Republica

KATHMANDU, Jan 11: The government is holding talks with Russia, India and the United Arab Emirates to procure COVID-19 vaccines, said Minister for Health and Population, Hridayesh Tripathi.

Leaders of NCP (Dahal-Nepal faction) advise Election Commission to suspend ongoing preparations for polls

Published On: January 11, 2021 03:02 PM NPT By: Republica

KATHMANDU, Jan 11: Leaders of the ruling Nepal Communist Party (Dahal-Nepal faction) visited the Election Commission on Monday and advised the election body to stop the preparations for the midterm elections scheduled for April 30 and May 10.

Army chief inaugurates Prithvi Narayan Shah Study Center at army HQ

Published On: January 11, 2021 02:30 PM NPT By: Republica

KATHMANDU, Jan 11: "Prithvi Narayan Shah Study Center" was inaugurated on Monday, coinciding with the 299th birth anniversary of Prithvi Narayan Shah, the father of modern Nepal.

Tourism minister urges tourism entrepreneurs to resolve problems through dialogue

Published On: January 11, 2021 01:54 PM NPT By: Republica

KATHMANDU, Jan 11: Minister for Culture, Tourism and Civil Aviation, Bhanubhakta Dhakal has urged tourism entrepreneurs to resolve their problems through dialogue. He said that it is not necessary to put pressure on the government by agitating for the work that can be done through the implementation of policies and rules.

SKODA launches all-new SKODA KAROQ in Nepal

Published On: January 11, 2021 01:20 PM NPT By: Republica

KATHMANDU, Jan 11: As part of the SKODA's Nepal 2.0 strategies, MAW Enterprises Pvt Ltd, the official distributor of SKODA cars in Nepal, has extended its SUV portfolio by introducing the all-new SKODA KAROQ.

Salyan supplies agro products worth Rs 220 million in four months

Published On: January 11, 2021 12:38 PM NPT By: Republica

SALYAN, Jan 11: Salyan district has supplied Agriculture products worth over Rs 220 million in the first four months of the current fiscal year. Agricultural goods worth amounting to Rs 221.2 million were exported from the district in the period from mid-July to mid-November in 2020.

Massive fire destroys property worth Rs 7 million in Panchthar

Published On: January 11, 2021 11:25 AM NPT By: Republica

PANCHTHAR, Jan 11: A fire that broke out at Kummayak Rural Municipality of Panchthar on Sunday turned two houses into ashes.

Almost 50 pc COVID-19 patients staying isolated at home breach health protocols, study finds

Published On: January 11, 2021 09:55 AM NPT By: Republica

The study shows COVID-19 patients have faced problems of managing separate rooms and toilets while staying isolated at their homes

Nepse surpasses 2,200 mark on Sunday

Published On: January 11, 2021 08:38 AM NPT By: Republica

KATHMANDU, Jan 11: The second trading week of January began on a high note with the Nepal Stock Exchange (Nepse) index trading in green throughout the session. After climbing more than 30 points in the beginning trading hour, the index pulled back slightly at mid-day. The index advanced further in the latter trading hours with Nepse closing at 2,235.73– up 41.24 against Thursday’s close.

14 firms accused of evading govt tax worth Rs 1.34 billion by using fake VAT receipts

Published On: January 11, 2021 08:00 AM NPT By: Republica

KATHMANDU, Jan 11: The Department of Revenue Investigation (DRI) on Sunday filed cases at the High Court in Patan against the proprietors of 14 firms on the charge of revenue leakage by using fake value added tax (VAT) receipts.

How the country can be kept safe is my biggest worry at present: Former King

Published On: January 10, 2021 07:50 PM NPT By: Republica

KATHMANDU, Jan 10: Former King Gyanendra Shah has said that it was already late to analyze whether the current national politics is honest, nation-centered and pro-people.

CIAA files corruption case against 17 on charge of transferring ownership of land  on Karmanasa River banks to housing company

Published On: January 10, 2021 07:18 PM NPT By: Republica

KATHMANDU, Jan 10: The Commission for the Investigation of Abuse of Authority (CIAA) on Sunday filed a corruption case at the Special Court against 17 people including the then chief of the Survey Office in Lalitpur, Buddhiman Jaisi, on the charge of transferring the ownership of land on the banks of the Karmanasa River in Lalitpur to a private housing company.

NRB starts enquiry against banks accused of giving borrowers undue pressure

Published On: January 10, 2021 06:00 PM NPT By: Republica

KATHMANDU, Jan 10: Nepal Rastra Bank (NRB), the country’s central bank, has started an enquiry against the banks that have been blamed for mounting undue pressure on the borrowers to clear their loans.

Police arrest “Narapisach” who leaked data of Vianet Communications last year

Published On: January 10, 2021 05:20 PM NPT By: Republica

KATHMANDU, Jan 10: Police have arrested a teenager on the charge of leaking consumers’ data of Vianet Communications in April last year.

Students close to NCP (Dahal-Nepal faction) clash with police in capital (with photos)

Published On: January 10, 2021 05:19 PM NPT By: Republica

KATHMANDU, Jan 10: Students close to the faction of the ruling Nepal Communist Party (NCP) led by Pushpa Kamal Dahal and Madhav Kumar Nepal clashed with police during their protest demonstration at Maitighar in Kathmandu on Sunday afternoon.