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Prachanda's Alliance-Hopping, a Quest for Power

Prachanda's Alliance-Hopping, a Quest for Power

- by Loknath Sangroula

For those who choose to see life's tapestry woven only with the threads of power and success, Prachanda might seem like a role model or stand as a beacon of hope. However, in the eyes of those who believe that beyond power also lie the realms of principled politics, morality, self-respect, and dignity, he undeniably appears as an opportunist of the highest order.

Take measures to channelize remittance to productive sectors

Take measures to channelize remittance to productive sectors

- by Republica

Nepal continues seeing an unprecedented surge in remittances, a vital part of the country's economy. Nepal received Rs 839 billion in remittance in the first seven months of the current fiscal year 2023/24. This amount is 21.6% more than that of the first seven months of the previous fiscal year. While the immediate financial benefits of this influx are undeniable, it's crucial to emphasize the necessity for long-term economic sustainability too.

UML urges Gandaki govt not to take decisions with long-term impact

UML urges Gandaki govt not to take decisions with long-term impact

- by Republica

GANDAKI, March 11: The CPN-UML Gandaki Province Assembly parliamentary party has urged the Gandaki provincial government not to take decisions having long-term impacts. The UML parliamentary party Chief Whip Govinda Bahadur Nepali said that a meeting of the parliamentary party had taken this decision on Sunday.

Costly ministerial makeovers: Over Rs 600,000 spent on refurbishments with each ministerial change in Kathmandu

Costly ministerial makeovers: Over Rs 600,000 spent on refurbishments with each ministerial change in Kathmandu

- by Bhuwan Sharma

KATHMANDU, March 11: Once a minister changes, more than Rs 600,000 is spent on cleaning, painting and changing the furniture in the quarters prepared for the minister's residence. The Federal Secretariat Construction and Management Office has been formed for the purpose of supervising and managing the minister's quarters and for the immediate provision of goods if requested by the members of the minister's family living in the minister's residence.

Large investors boost share mortgage loans by 11.6 percent in 7 months

Large investors boost share mortgage loans by 11.6 percent in 7 months

- by Republica

KATHMANDU, March 11: Large stock investors have increased their utilization of share mortgage loans, marking an increase by 11.6 percent in seven months. According to the data of Nepal Rastra Bank (NRB), till mid-February, loans of margin trading (share securities) have surged to Rs 85.172 billion whereas, till mid-July, 2023, the disbursement stood at Rs 76.30 billion.

FinMin Barshaman Pun holds meeting with WB Country Director

FinMin Barshaman Pun holds meeting with WB Country Director

- by Republica

KATHMANDU, March 11: Finance Minister Barshaman Pun held a meeting with Faris Hadad-Zervos, the Country Director of the World Bank for the Maldives, Nepal and Sri Lanka, at the Ministry of Finance on Monday and urged him to increase the World Bank's economic and technical assistance to Nepal.

Holy month of Ramadan begins from tomorrow

Holy month of Ramadan begins from tomorrow

- by Republica

BIRATNAGAR,  March 11: The holy month of Ramadan, one of the biggest festivals of the Muslim community, begins from Tuesday. Those observing this month-long festival fast throughout the day-time.

Police investigating incident of assault on former AIG Shrestha

Police investigating incident of assault on former AIG Shrestha

- by Republica

KATHMANDU, March 11: Police are investigating an incident involving the assault of former Armed Police Force AIG Thakur Mohan Shrestha, who is also an executive committee member of the Rastriya Prajatantra Party (RPP). The assault took place as Shrestha was leaving the office of RPP Chairman Rajendra Lingden at the party’s central office in Dhumbarahi on Sunday morning. Shrestha has filed a complaint with the Maharajgunj Police Circle regarding the incident.