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Dr KC admitted to emergency ward

Published On: July 5, 2018 01:24 PM NPT By: Republica

SURKHET, July 5: Senior orthopedic surgeon Prof Dr Govinda KC has been admitted to the Karnali Academy of Health Sciences in Jumla after his health started deteriorating.

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Pokhara-Baglung road blocked due to land slide

Published On: July 5, 2018 01:19 PM NPT By: Republica

PARBAT.July 5: The Pokhara-Baglung road has been obstructed since 1 am today due to a landslide that occurred at Bhyaplekhola of Modi rural municipality-5 in Parbat district.

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Diktel-Jayaram road disrupted

Published On: July 5, 2018 01:17 PM NPT By: Republica

KHOTANG, July 5: The Diktel-Jayaram road section in Khotang district along the Mid Hill Highway has been disrupted following a landslide at Barkhetar of Halesi Tuwachung Municipality in the district.

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Nearly 300 including NRA CEO lose jobs as govt annuls political appointments

Published On: July 5, 2018 12:58 PM NPT By: Republica

KATHMANDU, July 5: Nearly 300 government staffers appointed to various sectors by the then Deuba-led government have lost their jobs.

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All political appointments by previous govt. annulled

Published On: July 5, 2018 11:59 AM NPT By: Republica

KATHMANDU, July 4: The meeting of the Council of Ministers has decided to annul all political appointments made by the then government after the election code of conduct was introduced for the House of Representatives and National Assembly elections 2074.

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Dozen human rights activists including Charan Prasain arrested from Maitighar Mandala

Published On: July 5, 2018 11:34 AM NPT By: Republica

KATHMANDU, July 5: Police on Thursday morning arrested student leaders and human rights activists while protesting against the government’s decision to designate Shanti Batika and Maitighar Mandala as restricted zones on Thursday morning.

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Earthquake tremor felt in Dhading

Published On: July 5, 2018 09:44 AM NPT By: Republica

KATHMANDU, July 5: An aftershock of the April 25, 2015 Gorkha Earthquake was felt again today in Dhading district.

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Tilottama mayor to use his salary to provide scholarship to students

Published On: July 5, 2018 09:26 AM NPT By: Republica

BUTWAL, July 5: Mayor of Tilottama Municipality Basudev Ghimire has announced that he would use the salary that he draws on scholarship fund for needy students.

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Rs 93.6 million invested for poverty alleviation in Nuwakot

Published On: July 5, 2018 09:16 AM NPT By: Republica

NUWAKOT, July 5: The Poverty Alleviation Fund (PAF) has invested Rs 93.69 million in various programs in Nuwakot district.

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‘Adalat’ completes its shoot

Published On: July 5, 2018 08:43 AM NPT By: Republica

Shooting of film ‘Adalat’, produced under the banner of Falgunanda Lingden, and directorial of Dinesh Lingden has completed. In the movie, director Lingden has tried conveying the message that the court is responsible for punishing criminals alleged of different charges including battery, and kidnapping among many others. “We have tried to portray the judicial action of the court,” said Lingden. The film was shot in different part of Kathmandu Valley.

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Nepse edges higher despite modest turnover

Published On: July 5, 2018 08:01 AM NPT By: Republica

KATHMANDU: Equities started the day lower and remained weak during the first half of the Wednesday's trading session. However, the benchmark Nepal Stock Exchange (Nepse) index recovered its early losses and climbed firmly higher in the afternoon. At the close, Nepse index was up 8.04 points to close at 1,188.10 points.

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Five farmers receive President Best Farmer Award

Published On: July 5, 2018 07:57 AM NPT By: Republica

KATHMANDU, July 5: Ministry of Agriculture, Land Management and Cooperatives has honored five best-performing farmers with 'President Best Farmer Award' on Wednesday.

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Lending slows as banks focus on recovery of loans at fiscal year-end

Published On: July 5, 2018 07:55 AM NPT By: Republica

REPUBLICA KATHMANDU, July 4 Commercial banks have slowed down their loan investment as they prepare to close their accounts at the end of the current fiscal year. Deposit flow in the banking system, however, has increased amid rise in government spending. Data compiled by Nepal Bankers Association (NBA) shows that 28 commercial banks extended Rs 17 billion in the past three weeks (between June 8 and June 29), while their deposit rose Rs 41 billion in the same period. With this, total outstanding deposit and loans of these commercial banks has reached Rs 2,377 billion and Rs 2,080 billion as of as of June 29. The recovery in deposit mobilization by commercial banks, who have been suffering from the shortage of lendable fund since long, comes in the wake of the rise in government expenditure at fiscal year-end. Increased government spending pumps more cash into the banking system. According to the data of Financial Comptroller General Office, the government has so far spent 54.26 percent of the capital budget allocated for the current fiscal year. The government has spent Rs 181.88 billion out of Rs 335.18 billion allocated for development spending for FY2017/18. A lion's share of such fund was spent in the past two months. Despite deposits growth, bank lending has slowed in recent days. Bankers say that the slowdown in lending at the fiscal year-end is a natural phenomenon in the banking industry. “Since most of the banks focus on recovery of their loans in the last month of the fiscal year, lending slows down during this time,” Bhuvan Dahal, CEO of Sanima Bank Ltd, said. According to bankers, many investors also do not seek loans during this time when business firms close their book and accounts. Banking industry has been seeing shortage of lendable fund in recent months due to mismatch in their deposits and loan growth. As banks expanded their lending investment sharply despite slow growth in deposit, the credit to core capital cum deposit (CCD) ratio of many banks have reached a saturation level. Nepal Rastra Bank (NRB) requires banks to maintain CCD ratio of 80 percent. Many banks even saw their CCD ratio touching the upper limit, leading to a sharp rise in deposit rates. However, even the increment in deposit rates to over 13 percent failed to bring adequate deposits into the banking system. The skyrocketing interest rates prompted bankers to cap their saving rate at 7 percent and fixed deposit at 12 percent.

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Recurrent spending spikes, capex rising steadily

Published On: July 5, 2018 07:48 AM NPT By: Republica

KATHMANDU, July 5: The government’s capital spending is increasing steadily, except for few days, while recurrent spending has spiked in last two weeks, an analysis of spending figures made public by Financial Comptroller General Office shows.

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Valley Pollution Levels for July 4, 2018

Published On: July 5, 2018 07:08 AM NPT By: Republica

Valley Pollution Levels for July 4, 2018

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Nepali fresh ginger gets ‘unhindered’ access to Indian market

Published On: July 5, 2018 06:31 AM NPT By: Republica

KATHMANDU, July 5: India has allowed unhindered export of fresh ginger from Nepal from Monday. This has put an end to the practice of importing Nepali fresh ginger through temporary decisions by India.

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FINLIT Nepal bags Economic Citizenship Award

Published On: July 5, 2018 05:00 AM NPT By: Republica

KATHMANDU, July 5: ​FINLIT Nepal has been awarded with the Economic Citizenship Award 2018.

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JC to probe against district court judge

Published On: July 5, 2018 04:00 AM NPT By: Republica

KATHMANDU, July 5: The Judicial Council (JC) headed by Acting Chief Justice Deepak Raj Joshee has decided on Wednesday to probe against Kathmandu District Court Judge Amrit Bahadur Basnet over his controversial decision to grant bail to an accused who faces fraud charges for misappropriating billions of rupees.

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Asare Bikas

Published On: July 5, 2018 02:00 AM NPT By: Republica

Syndicated loot continues

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Infographics: Who China has trade disputes with

Published On: July 5, 2018 12:05 AM NPT By: Republica

According to the World Trade Organization (WTO), trade disputes are common and they can arise when a government believes that another government has violated an agreement or commitment made in the WTO.

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