A House Committee on Friday directed the government to take action against the Pappu Construction company that has been winning contracts of development projects despite having a reputation of delivering poor structures or leaving its projects incomplete. A meeting of the Parliament's Development Committee held at Singha Durbar directed the government to take action against the Pappu Construction company.
Governor of the Nepal Rastra Bank Chiranjivi Nepal on Friday appealed all the microfinance institutions (MFIS) to opt for merger. Speaking at an interaction in the capital, the governor of the central bank said that the merger between the MFIs is essential for their sustainability as the market is already overcrowded with MFIs. Governor Nepal said that NRB has a plan to establish banks and microfinance institutions at all local levels by the mid-July this year.
Former Education Minister and ruling Nepal Communist Party leader Dhaniram Poudel died in Chitwan after suffering a heart attack on Friday morning. He was 53. Poudel died of cardiac arrest at his home at 7 am today, according to NCP's district chairman Yam Bahadur Pariyar.The family members rushed him to Madi-based Bagauda Hospital after he suffered cardiac arrest.
The Bibeksheel Nepali Party has urged the government to withdraw the proposed Guthi bill tabled in the Federal Parliament. Issuing a press statement on Friday, the party suggested the government to draft new Guthi bill in consultation with concerned stakeholders. The party has claimed that the proposed Guthi bill is against the spirit of the Constitution.
The U.S. military on Friday released a video it said shows Iran’s Revolutionary Guard removing an unexploded limpet mine from one of the oil tankers targeted near the Strait of Hormuz, suggesting the Islamic Republic sought to remove evidence of its involvement from the scene. Iran denies being involved, accusing the U.S. instead of waging an “Iranophobic campaign” against it. The U.S. Navy rushed to assist the stricken vessels in the Gulf of Oman, off the coast of Iran, including one that was set ablaze Thursday by an explosion.
New Zealand’s heart-breaking defeat by the Netherlands in their women’s World Cup opener had ignited an even bigger fire in the bellies of the Football Ferns ahead of their next encounter against Canada, midfielder Katie Bowen said. New Zealand kept the eighth-ranked Dutch at bay until a Jill Roord header in the 92nd minute sealed the three points for the European champions.