Latest NEPSE News & Share Market Updates
Nepal Government Unveils Dual Housing Strategy for Rasuwa Flood Victims, Prioritizing Rehabilitation and Support
Kathmandu, Nepal – In a decisive move to address the urgent needs of citizens displaced by the devastating Rasuwa floods, the Nepali government has significantly accelerated its temporary housing management initiatives. Recognizing the diverse circumstances of affected families, authorities have rolled out a comprehensive dual strategy, offering both direct rental support and the provision of modular housing solutions. This proactive approach underscores the government's commitment to ensuring the swift and dignified rehabilitation of its citizens in the wake of natural calamities. A key component of this strategy is the provision of financial assistance for those who opt to secure their own rental accommodation. Families comprising up to four members are eligible to receive a monthly allowance of NPR 15,000. For larger families exceeding four members, an additional NPR 2,000 will be provided per individual, ensuring that larger households also receive adequate support to meet their housing needs. This flexible option empowers flood-affected individuals to choose housing that best suits their immediate requirements and preferences, fostering a sense of autonomy during a challenging period. The decision to offer such direct financial aid reflects a pragmatic understanding of the immediate housing market dynamics and the varied needs of displaced populations. Simultaneously, for those who prefer or require a more structured housing solution, the government is meticulously preparing for the deployment of modular homes. This initiative is being implemented under two distinct frameworks. Firstly, for affected citizens who possess safe and suitable land elsewhere, the government will facilitate the construction and arrangement of modular houses on their existing plots. This approach leverages available private land resources while providing modern, resilient housing structures. Secondly, and critically, for families who have lost their land or do not possess alternative safe plots, the government is taking on the responsibility of identifying and managing suitable land parcels. On these government-secured sites, modular homes will be constructed, offering a complete housing solution for the most vulnerable. The Ministry of Physical Infrastructure Development has confirmed that the detailed data collection necessary for the precise implementation of these modular housing projects is currently underway, ensuring that resources are allocated efficiently and effectively. The execution of this ambitious rehabilitation plan is a testament to inter-ministerial collaboration. The Ministry of Physical Infrastructure Development, alongside the Ministry of Land Management, Cooperatives, Federal Affairs, and General Administration, are spearheading these efforts with remarkable speed. A dedicated committee, chaired by the Secretary of the Ministry of Physical Infrastructure Development, has been established to oversee the entire process. This committee comprises four Director Generals from various relevant departments and includes the heads of all local bodies within the affected areas. This multi-stakeholder representation ensures that local needs and ground realities are accurately assessed and integrated into the national response strategy. Local authorities have already furnished the committee with detailed reports on their respective area's specific requirements, while the Ministry of Land is intensifying its efforts in land identification, and the Ministry of Physical Infrastructure Development is fast-tracking all preparations related to housing arrangements. Such comprehensive government interventions are crucial not only for humanitarian reasons but also for maintaining social stability and supporting broader economic recovery. For investors, a stable social environment and effective disaster management signal a government capable of maintaining order and supporting its populace, which indirectly contributes to a predictable operating environment. **Market Update:** In a separate but important announcement, the Nepal Stock Exchange (NEPSE) will observe a market closure on Ashoj 5, Monday. Investors are advised to take note of this scheduled holiday and plan their trading activities accordingly. This closure is a standard practice for national holidays and ensures market integrity. The government's multifaceted approach to the Rasuwa flood crisis, combining immediate financial relief with long-term housing solutions, demonstrates a robust commitment to national resilience and citizen welfare. As data collection and implementation accelerate, the focus remains on providing sustainable and safe living conditions for all affected families.
Nepal's Ministry of Health Launches Comprehensive Burn Care Training to Enhance National Healthcare Capacity
Nepal's Ministry of Health and Population (MoHP), through its National Health Training Center (NHTC), is embarking on a crucial 30-working-day specialized training program dedicated to advanced burn treatment. This significant initiative is poised to substantially upgrade Nepal's capability to manage complex burn cases, thereby addressing a critical gap within the national healthcare system and improving patient outcomes across the country. The primary objective of this intensive program is to cultivate a cadre of highly skilled professionals adept at delivering third-level burn treatment services. This endeavor is particularly vital given the unfortunate prevalence of burn injuries in Nepal, stemming from a variety of sources including domestic accidents, industrial mishaps, electrical incidents, and even natural disasters. Specialized burn care is not merely about saving lives; it is equally crucial for minimizing long-term disability, reducing the extensive rehabilitation period, and significantly enhancing the quality of life for survivors, allowing them to reintegrate into society with greater ease. The training curriculum is meticulously designed for a multidisciplinary team, encompassing surgeons, medical specialists, operating room and intensive care unit (ICU) nurses, and emergency service health workers. This comprehensive program will cover both theoretical knowledge and practical skills across a spectrum of critical areas. These include emergency and surgical management of burn patients, advanced wound care techniques, intricate skin grafting procedures, intensive care protocols tailored for burn victims, stringent infection control strategies, essential nutritional support, and effective pain management. This holistic approach ensures that participants acquire a well-rounded expertise, which is absolutely essential for handling the complexities inherent in severe burn cases. The initial phase of this specialized training is scheduled to be conducted at Kirtipur Hospital, an institution widely recognized for its expertise and often at the forefront of burn care in Nepal. The training will be structured into two distinct stages: the first running from Ashoj 7 to 30, and the second from Kartik 9 to 18. The inaugural cohort will consist of eight dedicated healthcare professionals, with four participants each drawn from Narayani Hospital and Karnali Province Hospital. This strategic selection aims to effectively disseminate specialized knowledge to different regions, thereby bolstering provincial healthcare capabilities and ensuring a more equitable distribution of advanced medical expertise. This advanced program represents a significant progression, building upon earlier foundational training efforts. Previously, 199 individuals received training in basic burn treatment, and an additional 364 were trained in primary burn care. The current initiative marks a substantial leap forward, moving beyond basic and primary care to concentrate on highly specialized, tertiary-level interventions. This continuous evolution demonstrates a sustained and unwavering commitment from the MoHP to consistently elevate the standards of burn care across the entire nation, ensuring that more Nepalis have access to life-saving treatment. While this news directly pertains to public health, its implications resonate profoundly within the broader economic landscape. A healthier population inherently translates into a more productive workforce, which in turn contributes positively to national development and economic growth. Investments in critical healthcare infrastructure and human capital, such as this specialized training program, play a pivotal role in reducing the long-term economic burden associated with preventable disabilities and chronic conditions. For astute investors, a robust and improving healthcare system serves as a strong indicator of a stable and developing economy, which can indirectly foster market confidence and attract both domestic and foreign investment across various sectors. Furthermore, the enhancement of specialized medical services could potentially pave the way for medical tourism in the future, thereby creating new economic avenues and revenue streams for the nation. The government's proactive stance in addressing such critical health needs unequivocally underscores its commitment to human capital development, a key and indispensable factor for sustainable economic growth. Ultimately, this initiative reflects a strategic and invaluable investment in the nation's most precious asset: its people.
Prabhu Bank Unveils 'Prabhu Pravasi Samriddhi Home Loan Scheme' for Overseas Nepalis
Prabhu Bank Limited, a prominent financial institution in Nepal, has unveiled a significant new initiative, the 'Prabhu Pravasi Samriddhi Home Loan Scheme,' specifically designed to cater to the financial aspirations of Nepali citizens working and residing abroad. This strategic move aims to empower the vast Nepali diaspora by providing accessible, competitive, and convenient credit facilities for acquiring residential properties and land in their homeland. The scheme is a testament to Prabhu Bank's commitment to supporting the economic well-being of overseas Nepalis, who are crucial contributors to the national economy through their remittances. Recognizing the long-term financial needs of this demographic, the bank has structured the scheme to facilitate the purchase of homes and apartments, construction or renovation of existing residences, and the acquisition of land. This comprehensive approach ensures that a wide range of housing-related financial requirements can be met. Under the 'Prabhu Pravasi Samriddhi Home Loan Scheme,' eligible applicants can secure a substantial loan amount of up to NPR 30 million (3 Crore Nepali Rupees). The repayment tenure is remarkably flexible, extending up to 25 years, providing borrowers with ample time to manage their financial commitments comfortably. The loan comes with a competitive service charge of just 0.50% and an attractive interest rate set at the bank's average base rate plus an additional 0.50% per annum. These favorable terms are designed to make homeownership more attainable for Nepalis living abroad, encouraging them to invest in their future back home. Beyond home loans, Prabhu Bank has integrated an invaluable educational loan facility into the scheme. This feature allows borrowers to secure financial assistance for the education of up to two children, whether they are studying in Nepal or abroad. The educational loan is offered at an interest rate of the average base rate plus 1.5% per annum, with an added benefit of a 50% discount on administrative fees. This dual-purpose scheme underscores the bank's holistic approach to supporting the diaspora's financial and familial needs. To enhance convenience and accessibility, the 'Prabhu Pravasi Samriddhi Home Loan Scheme' will be available across Prabhu Bank's extensive network of 300 branches nationwide. Furthermore, as an incentive for new participants, the scheme offers complimentary debit card and mobile banking services for the first year, ensuring a seamless banking experience from the outset. Prabhu Bank emphasizes that the introduction of this scheme is deeply rooted in the understanding of remittance's pivotal role in Nepal's economic landscape. By effectively channeling remittances through the formal banking system, the bank aims not only to fulfill the long-term financial needs of overseas Nepalis but also to contribute significantly to national economic growth. This initiative is expected to boost deposit growth, facilitate credit flow into productive sectors, and foster enduring customer relationships, thereby strengthening the overall financial ecosystem. The bank anticipates that this scheme will empower Nepalis abroad to build and acquire residential assets, securing a stable future for themselves and their families in Nepal, while simultaneously promoting financial inclusion and formalizing remittance inflows.
NEPSE Announces Market Closure on Ashoj 5; Investors Advised to Plan Trading Schedules
The Nepal Stock Exchange (NEPSE) has officially announced that trading activities will be suspended on Ashoj 5, a Monday, marking a scheduled market closure. This crucial update, often communicated through various financial news outlets, advises investors and market participants to adjust their trading strategies and portfolio management plans accordingly for the upcoming week. While the specific reason for this particular closure on Ashoj 5 was not detailed in the initial report, such market holidays are typically observed in Nepal for national festivals, public holidays, or other administrative reasons as determined by NEPSE or the Securities Board of Nepal (SEBON). For the vibrant community of NEPSE investors, a market closure means a temporary halt to all buying and selling of listed securities. This impacts not only the execution of new trades but also the settlement cycle for transactions initiated on preceding trading days. Investors who had planned to execute orders on Ashoj 5 will need to reschedule their activities to the next available trading day. This necessitates a proactive approach to portfolio management, especially for those involved in short-term trading or those with urgent liquidity needs. Financial institutions, brokerage firms, and clearing houses will also observe the holiday, affecting their operational schedules. The announcement of market closures is a standard practice globally, ensuring that market operations align with national calendars and providing necessary breaks for market infrastructure maintenance and administrative tasks. NEPSE, as the sole stock exchange in Nepal, plays a pivotal role in disseminating such information to maintain transparency and ensure an orderly market. Investors are always encouraged to refer to official NEPSE and SEBON notifications for the most accurate and timely updates regarding market schedules and operational changes. Staying informed about these closures is fundamental for effective investment planning and avoiding potential disruptions to one's financial activities. In a separate and unrelated development, the same news source also reported an unusual incident involving a bus fire in Tripureshwar, Kathmandu. The incident reportedly led to a heated altercation between the bus driver and traffic police personnel at the scene. According to social media videos and eyewitness accounts, the driver vehemently protested against being issued a fine, claiming he was innocent and being harassed without cause. He expressed extreme frustration, stating his readiness to face severe consequences rather than accept an unjust penalty, and also complained about having to disembark all passengers. This local incident, while noteworthy for its dramatic nature and public attention, bears no direct connection to the operations or closure of the Nepal Stock Exchange. Therefore, while the public's attention might be drawn to various local events, the primary takeaway for the investment community remains the confirmed market closure on Ashoj 5, Monday. This information is critical for all stakeholders in the Nepali capital market. Investors are strongly advised to review their pending orders, adjust their trading calendars, and prepare for the resumption of trading on the subsequent business day. This strategic planning ensures that market participants can navigate the temporary pause without significant impact on their investment goals, reinforcing the importance of diligent information consumption in the dynamic world of stock market investing.
National Life Insurance Bolsters Agent Capabilities with AML, AI, and Digital Training Amidst Grand Recognition Event
National Life Insurance Company Limited recently concluded a significant annual program, honoring its top-performing agents while simultaneously equipping them with crucial knowledge in anti-money laundering (AML), artificial intelligence (AI), and digital media utilization. This comprehensive initiative, held at Hotel Siddhartha Vilasa in Bhairahawa, underscores the company's commitment to fostering a skilled and compliant agent network, crucial for navigating the evolving landscape of Nepal's insurance sector. The three-day event was specifically designed to celebrate agents who successfully met their targets for the fiscal year 2082/83 and earned membership in the prestigious Chairperson Club. Attended by a substantial delegation of 565 participants, including departmental, provincial, and branch heads, alongside key marketing personnel, the program served as a platform for both recognition and professional development. Agents who demonstrated exceptional business performance across Nepal received special accolades, highlighting the company's appreciation for their dedication and hard work. A pivotal aspect of the training focused on anti-money laundering (AML) compliance, a topic of increasing importance in the financial industry. Mr. Padam Prasad Sadari, Deputy Director of the Nepal Insurance Authority, delivered a crucial address, emphasizing the potential for insurance products to be misused for money laundering activities. He urged all stakeholders within the insurance sector to remain vigilant, diligently monitor suspicious transactions, ensure proper identification protocols, and strictly adhere to prevailing legal frameworks. This segment of the training is vital for ensuring that National Life Insurance and its agents operate with the highest standards of integrity and regulatory compliance, safeguarding the financial system against illicit activities. Furthermore, the program delved into the transformative potential of modern technology. Trainer Mr. Bishwaraj Paudel provided insightful sessions on the application of Artificial Intelligence (AI) in various facets of the insurance business. His training covered how AI can revolutionize customer interaction, streamline content creation, enhance strategic business planning, and improve overall information management. This forward-looking approach aims to empower agents with tools that can significantly boost their efficiency and effectiveness in a competitive market. Complementing this, Trainer Mr. Sanjog Koirala elaborated on the strategic use of digital media. He demonstrated how effective deployment of digital platforms can be instrumental in expanding the insurance business, reaching a wider client base, and improving service delivery in the digital age. The leadership of National Life Insurance reiterated its unwavering support for its agent force. Chairperson Mrs. Premarajya Laxmi Singh affirmed the company's commitment to continuously support the skill development, capacity building, and leadership growth of its agents. Echoing this sentiment, Chief Executive Officer Mr. Suresh Prasad Khatri highlighted that the company's commercial achievements are a testament to collective success. He underscored the importance of strengthening the agent network and relentlessly improving the quality of customer service, recognizing agents as the frontline ambassadors of the company. This comprehensive program by National Life Insurance not only acknowledges the hard work of its agents but also proactively addresses critical industry challenges and opportunities. By investing in advanced training on AML, AI, and digital strategies, the company is positioning its workforce to be more resilient, compliant, and technologically adept, ultimately contributing to the sustainable growth and enhanced reputation of National Life Insurance in Nepal's dynamic financial market.
Nepal Government Formalizes Reduced Capital Gains Tax for Stock Market Investors, New Rates Effective Immediately
The Nepali stock market is poised for a significant boost following the formal publication of reduced capital gains tax (CGT) rates in the Nepal Gazette. This crucial decision by the government, aimed at stimulating investor confidence and fostering a more vibrant equity market, comes into effect immediately, promising a more favorable tax regime for both short-term and long-term investors. The Ministry of Finance officially announced the new structure, which differentiates tax liabilities based on the duration of share ownership, a move widely anticipated by the investment community. Under the newly implemented regulations, resident natural persons disposing of interests in entities listed on the Nepal Stock Exchange (NEPSE) will benefit from a tiered tax system. For investments held for a period exceeding 365 days, considered long-term holdings, the capital gains tax rate has been set at an attractive 3.75 percent. This reduction is particularly significant for investors who prefer a buy-and-hold strategy, rewarding them for their patience and commitment to the market's long-term growth. Conversely, for shares held for 365 days or less, classified as short-term investments, the applicable capital gains tax rate will be 5 percent. While still a reduction from previous rates, this slight differentiation encourages longer-term investment horizons, aligning with broader economic stability goals. Previously, the capital gains tax rates for individual investors were notably higher, creating a disincentive for active participation and potentially hindering market liquidity. Although the exact prior rates are not specified in the initial announcement, the general sentiment among market participants was that the tax burden was substantial. This latest amendment, therefore, represents a tangible relief for thousands of active investors who contribute significantly to the daily trading volumes on NEPSE. The government's decision is expected to inject renewed enthusiasm into the market, potentially leading to increased trading activity and a healthier overall market ecosystem. The Ministry of Finance confirmed that this pivotal decision was made by the Council of Ministers, exercising the authority granted by Sub-section (1) of Section 18 of the Economic Act, 2083. This legal backing ensures the stability and permanence of the new tax regime, providing clarity and predictability for investors. Such policy consistency is vital for attracting both domestic and, eventually, foreign institutional investment, which relies heavily on a stable regulatory environment. Market analysts are optimistic about the potential ripple effects of this tax reduction. Lower capital gains tax can lead to higher net returns for investors, making equity investments more appealing compared to other asset classes. This could encourage a shift of funds into the stock market, boosting demand for shares and potentially supporting market valuations. Furthermore, by reducing the cost of transactions, the government aims to enhance market efficiency and liquidity, making it easier for investors to enter and exit positions without excessive tax penalties. This is particularly crucial for a developing market like Nepal, where fostering a robust capital market is essential for channeling savings into productive investments and supporting economic growth. In a related but separate announcement, the Nepali stock market will observe a closure on Ashoj 5, Monday. Investors should take note of this market holiday while planning their trading activities around the implementation of these new tax rates. The combination of a more favorable tax environment and strategic market closures for public holidays underscores the dynamic nature of NEPSE, where regulatory changes and operational schedules constantly shape the investment landscape. This tax reform is a welcome step towards creating a more investor-friendly environment, crucial for the sustained development and maturity of Nepal's capital market.
Samsung Nepal Launches Galaxy S26 FE at Rs 119,999
Samsung Nepal has launched the Galaxy S26 FE, the latest addition to its Galaxy S26 series and the first FE model to come with One UI 9. The Galaxy S26 FE features a triple rear camera system with 3x optical zoom, Nightography and AI-powered image processing. It also includes My FanCam, which automatically tracks a selected person while recording, and Super Steady with Horizontal Lock for smoother video. Powered by One UI 9, the phone also offers updated Galaxy AI features, including a more personalized Now Brief with customizable briefing cards. The Galaxy S26 FE with 8GB RAM and 256GB storage is priced at Rs 119,999 and is available in Pistachio, Graphite and Blueberry. Samsung is offering an exchange bonus of up to Rs 8,000 and a complimentary six-month Google AI Pro subscription valued at Rs 18,351. The device is also available under a 24-month EMI plan starting at Rs 3,256 per month.
Nepal's Hospitality Sector Pushes for Enhanced Apprenticeship Programs to Bridge Skill Gap
Nepal's burgeoning hospitality sector is actively campaigning for a significant overhaul and expansion of its apprenticeship programs, aiming to address the critical shortage of skilled manpower and bolster the industry's long-term growth. In a pivotal policy dialogue organized by the Hotel Association Nepal (HAN), key stakeholders convened to strategize on making apprenticeship initiatives more robust, systematic, and effective. The event, chaired by HAN President Binayak Shah, brought together influential figures from the Council for Technical Education and Vocational Training (CTEVT), provincial government, academic institutions, and leading hotels, underscoring a unified commitment to human capital development. President Shah emphasized the escalating demand for skilled professionals, a direct consequence of the rapid expansion within Nepal's hotel and hospitality landscape. He highlighted the indispensable role of apprenticeship programs in cultivating a workforce that meets industry-specific needs. A central demand emerging from the dialogue was the immediate introduction of diploma-level apprenticeship programs, alongside a substantial increase in the existing quotas for pre-diploma apprenticeships. Furthermore, Shah advocated for allowing private sector educational institutions to affiliate with these programs, believing this would significantly enhance their reach and impact. He also called for the effective implementation of Rule 16(a) of the CTEVT Regulations 2083, which empowers industries to operate their own apprenticeship schemes, thereby fostering greater industry involvement and ownership. In a commendable initiative, Shah announced plans to provide employment opportunities in the hotel industry for 19 industrial trainees from the Post Bahadur Bogati Polytechnic Institute in Nuwakot, particularly focusing on students from disaster-affected regions, linking skill development directly to job creation. Echoing President Shah's sentiments, HAN General Secretary Sajan Shakya reiterated the urgent need to expand apprenticeship quotas to keep pace with the industry's burgeoning requirements. Shakya proudly recounted HAN's four-year engagement with apprenticeship programs, facilitating crucial placements for trainees in hotels to hone their skills. He stressed the importance of creating an environment where private sector entities can seamlessly operate such programs, leveraging their expertise and resources. The dialogue also shed light on practical challenges and proposed solutions. Vishnu Shrestha, HR Head at Hotel Himalaya, observed that while trainees often express interest in diverse roles, they frequently lack the specialized skills required for specific disciplines, leading to operational hurdles. He underscored the necessity for regular evaluation and monitoring of apprentices by their respective educational institutions to ensure consistent skill development and program efficacy. Mohan Katuwal, Vice President of the Federation of Small and Cottage Industries, lauded the mutual benefits of apprenticeship programs for both industries and trainees, transforming students into skilled and employable individuals. He urged the government to ensure that apprentices who successfully complete their training are guaranteed at least two years of employment within the industry, fostering stability and career progression. Katuwal also highlighted the formation of a TVET Council, designed to provide essential advice and recommendations to the government, advocating for more practical and flexible policies and regulations to optimize apprenticeship outcomes. The open session of the program featured insightful contributions from academic leaders and industry professionals, including Dr. Jeevak Bajracharya (Dean, GATE College), Samjhana Basnyat (Principal, IST College), Rohit Dahal (Principal, Nepal Banepa Polytechnic Institute), Aabha Shah (Managing Director, Silver Mountain School), Aslesha Karki (HAN Executive Committee Member), Narayan Paudel (HR Head, Everest Hotel), Amir Pradhanang (General Manager, Hotel Mulberry), and Niraj Pudasaini (Principal, Madan Ashrit Memorial Polytechnic Institute). Their discussions covered the current state, challenges, and potential improvements for apprenticeship programs, enriching the policy discourse. Khubiram Adhikari, Secretary of the Bagmati Province Social Development Ministry, acknowledged the growing industrial demand in the hospitality sector and pledged to increase the current quota of 100 apprentices in the coming days. He affirmed the provincial government's substantial investment in education and emphasized the importance of private sector collaboration to ensure the robustness, systematic implementation, and long-term sustainability of apprenticeship initiatives. Anoj Bhattarai, Acting Member-Secretary of CTEVT, commended HAN's significant contributions to the sector and highlighted the critical role of the private sector in the successful execution of apprenticeship programs. He further informed participants that the process of amending necessary regulations to enhance program effectiveness is underway, with preparations to launch diploma-level apprenticeship courses in the near future. This comprehensive policy dialogue has successfully forged a shared vision among government bodies, technical education providers, the private sector, and hotel businesses. The collective aim is to strengthen collaboration, expand apprenticeship opportunities, and ensure the long-term, effective operation of programs designed to produce a highly skilled and job-ready workforce for Nepal's vibrant hospitality industry. This strategic focus on human capital development is not merely an operational necessity but a crucial investment in the nation's economic future, promising enhanced service quality, increased competitiveness, and sustainable growth for a sector vital to Nepal's prosperity.
SEBON Orders Investigation After Data Center Attack Disrupts NEPSE
The Securities Board of Nepal (SEBON) has taken the technical issue at Data Hub Pvt. Ltd. seriously after the data center hosting the servers of 72 brokerage companies was affected. In a press statement, SEBON said it has directed the concerned authorities to investigate the incident and submit a report with recommendations by Ashwin 12 (September 28). SEBON has also formed a five member inspection team led by an executive director to identify the technical problems that led to the closure of trading. The team will inspect the situation and provide suggestions for preventing similar incidents in the future. This step of SEBON follows reports that the Data Hub infrastructure was hit by a ransomware attack, affecting systems connected to the trading operations of 72 brokers. The incident has raised concerns about the security of data belonging to around 8 million investors amounting more than 45 Kharba. SEBON said it is committed to taking further measures to make Nepal’s securities market safer, more secure and more transparent.
China Donates NPR 11 Million for Bhote Koshi Flood-Affected Children, Reinforcing Bilateral Ties
In a significant humanitarian gesture, the Government of China has extended crucial financial assistance totaling NPR 11 million (approximately USD 82,500) to support children severely impacted by the devastating Bhote Koshi floods in Nepal. This aid underscores the enduring friendship and robust bilateral cooperation between the two neighboring nations, particularly in times of crisis. The official handover ceremony took place at the Ministry of Education and Sports, where His Excellency Chang Maoming, the Chinese Ambassador to Nepal, presented the cheque to Nepal's Minister for Education and Sports, Sasmit Pokharel. This event highlights the direct engagement of high-level officials in ensuring that vital assistance reaches those most in need. During the ceremony, Minister Pokharel expressed profound gratitude on behalf of the Nepali government and its people for China's timely and compassionate support. He emphasized the critical importance of such international solidarity in disaster response and recovery efforts. Minister Pokharel also conveyed his confidence that the strong coordination and collaborative spirit between Nepal and China would continue to flourish in various sectors, fostering mutual growth and stability. Ambassador Chang reiterated that the primary objective of this donation is to provide direct and tangible support to the children whose lives have been upended by the Bhote Koshi floods. He assured that the funds are specifically earmarked for their education and essential needs, aiming to mitigate the long-term adverse effects of the disaster on their development and well-being. The Bhote Koshi region, particularly areas like Sindhupalchok, is highly susceptible to flash floods and landslides, which frequently displace communities, destroy infrastructure, and disrupt educational opportunities for thousands of children. This contribution is more than just financial aid; it represents a commitment to the future of Nepal's younger generation and a testament to the deep-rooted diplomatic relations between Beijing and Kathmandu. For investors, such acts of international cooperation contribute to regional stability and demonstrate a supportive environment for long-term development, indirectly fostering a more predictable and secure operational landscape. The consistent support from international partners like China is vital for Nepal's resilience against natural calamities and its broader socio-economic recovery efforts. By addressing immediate humanitarian needs, these initiatives also lay the groundwork for sustained development and improved living standards, which are fundamental for a thriving economy. The allocation of these funds specifically towards education and necessary support for affected children is a strategic investment in human capital. Ensuring continued access to education and basic amenities for these vulnerable populations is crucial for preventing a lost generation and for building a more resilient future for the affected communities. This humanitarian aid reinforces the broader narrative of international collaboration playing a pivotal role in Nepal's journey towards sustainable development and disaster preparedness.
High-Ranking ANFA Officials Arrested in Major Sports Fraud Investigation
Kathmandu, Nepal – In a significant development underscoring the ongoing efforts to combat corruption and ensure integrity across various sectors, two high-ranking officials of the All Nepal Football Association (ANFA) have been arrested on charges related to match-fixing, irregularities, and fraud. The arrests, carried out by the Central Investigation Bureau (CIB) of Nepal Police, have sent ripples through the nation's sports community and highlight the critical need for transparency and accountability within prominent organizations. The individuals taken into custody are Rabindra Joshi, 60, who serves as the Treasurer of ANFA, based in Pulchowk, Lalitpur Metropolitan City-3, Lalitpur. Alongside him, Sanjeev Pandey, 55, the Accounts Officer at the same association, residing in Lagankhel Thasikhel, Lalitpur Metropolitan City-5, has also been apprehended. Their arrests stem from an ongoing investigation into serious allegations of misconduct that threaten the credibility of Nepali football. The investigation was initiated following a formal complaint filed by Basant Rijal, coupled with a directive from the National Sports Council (NSC) Principal Office in Tripureshwar, Kathmandu. The case, registered as “Nepal Government vs. Rabindra Joshi et al.,” specifically targets offenses related to match-fixing, financial irregularities, and fraudulent activities within the sports sector. The Central Investigation Bureau, known for its expertise in complex criminal investigations, has been diligently pursuing leads, culminating in these high-profile arrests. The CIB's swift action underscores the government's commitment to rooting out corruption, even in areas traditionally perceived as less scrutinized by financial markets. While ANFA is a sports body, the involvement of its treasurer and accounts officer in alleged financial misconduct raises questions about governance, internal controls, and the ethical standards upheld by such prominent national organizations. For investors, particularly those with an interest in the broader economic and governance landscape of Nepal, such incidents serve as a reminder of the importance of robust regulatory frameworks and transparent operations across all sectors, as they can indirectly impact overall market sentiment and investor confidence. Following their arrest, both Joshi and Pandey were presented before the Lalitpur District Court. The court has granted a four-day remand, allowing the police to conduct further intensive investigations into the allegations. This period is crucial for gathering additional evidence, questioning the suspects, and potentially identifying other individuals who may be involved in the alleged malpractices. The outcome of this investigation could have far-reaching consequences for ANFA, potentially leading to significant reforms in its administrative and financial management. This incident comes at a time when Nepal is striving to enhance its international image and attract foreign investment. Maintaining high standards of integrity in all public and semi-public institutions, including sports federations, is paramount. The arrests signal a strong message that irregularities and fraud will not be tolerated, irrespective of the position or influence of the individuals involved. This commitment to the rule of law is a positive indicator for the overall business environment, even if the immediate news pertains to sports. Important Market Update: Separately, for investors and market participants, it is important to note that the Nepali stock market will remain closed on Ashoj 5, Monday. This closure is typically observed for public holidays or specific market events. Investors should plan their trading activities accordingly, as no transactions will occur on this day.
PM Balendra Shah Meets Opposition Leaders Ahead of UN General Assembly Trip
Leaders from the main opposition party, Nepali Congress, met with Prime Minister Balendra Shah today at the Prime Minister and Council of Ministers' Office in Singha Durbar. The Prime Minister invited representatives from the opposition party for key discussions ahead of his address at the United Nations General Assembly. Congress parliamentary party leader Bhishmaraj Angdembe and leader Bishwaprakash Sharma attended the meeting. Prime Minister Shah is scheduled to depart for the United States tomorrow afternoon to attend the United Nations General Assembly session.
Bajaj Launches Free Motorcycle Check-up Camp Ahead of Festive Season
Bajaj has launched a National Free Check-up Camp for motorcycle owners across Nepal ahead of the festive travel season. The camp will run from September 20 to 25 at Bajaj authorized service centers nationwide. Customers can get a free professional check-up of their motorcycles without visiting a separate event venue. During the campaign, customers will also receive a 50% discount on labour charges, 16% on engine oil, and 10% on spare parts and Eurogrip tyres. The initiative is aimed at helping motorcycle owners identify maintenance and repair needs before undertaking longer journeys during the festive season.
Unusual Bus Arson Incident Rocks Kathmandu's Tripureshwar, Investigation Underway
Kathmandu was gripped by an unusual incident today as a bus belonging to Riddhisiddhi Yatayat was deliberately set ablaze at Tripureshwar Chowk, a bustling intersection in the heart of the capital. The incident, which occurred in broad daylight, has prompted a swift police investigation into the perplexing circumstances surrounding the act. According to Senior Superintendent of Police (SSP) Dilip Ghimire, Chief of the Kathmandu District Police Office, preliminary findings suggest a highly unusual scenario: the driver himself is believed to have ignited the Riddhisiddhi Transport bus. This revelation has added a layer of mystery to the incident, raising profound questions about the motive behind such a drastic action. The driver, who sustained injuries during the arson, was immediately transported to the Burn Hospital in Kirtipur for urgent medical attention. His condition and the extent of his injuries are currently being monitored, and medical professionals are working to provide the necessary care. The immediate aftermath saw significant disruption in the Tripureshwar area, a key transit point for daily commuters and commercial traffic. Emergency services, including fire brigades and police units, were promptly dispatched to the scene to douse the flames and manage the ensuing chaos. While the fire was eventually brought under control, the bus suffered extensive damage, rendering it inoperable and representing a substantial financial and operational loss for Riddhisiddhi Yatayat, a prominent name in Nepal's private transport sector. The incident also caused temporary traffic diversions and delays, impacting the daily routines of countless city residents. Authorities have launched a comprehensive investigation to uncover the precise reasons that led the driver to commit such an act. The police have yet to disclose the identity of the driver or specific details about the bus, citing the ongoing nature of the inquiry. Investigators will be meticulously looking into various possibilities, including personal grievances, mental health factors, industrial disputes, or any other underlying issues that might have precipitated this extreme measure. Understanding the motive is crucial not only for potential legal proceedings but also for addressing any broader systemic issues that might exist within the transport industry or among its workforce. This incident, while seemingly isolated, underscores the importance of public safety and security in urban environments. For investors, particularly those with stakes in the logistics, transport, or tourism sectors, such events, even if not directly market-moving, can highlight the operational risks and the critical need for robust security protocols, comprehensive employee welfare programs, and effective dispute resolution mechanisms within companies. The efficient and safe functioning of public transport is vital for the economic pulse of a city like Kathmandu, and any disruption, especially one stemming from internal factors, warrants careful attention from both public and private sector stakeholders. The transport sector in Nepal, predominantly managed by private operators, faces its own set of challenges, including intense competition, fluctuating fuel prices, infrastructure limitations, and complex labor relations. While it is premature to definitively link this specific incident to broader systemic issues, it serves as a stark reminder of the complexities involved in managing large-scale public services. The public and the business community will be keenly awaiting further updates from the police investigation, hoping for clarity on the motive and assurances that such incidents can be prevented in the future, thereby maintaining confidence in the safety and reliability of public transportation services across the nation.
Nepal's Home Secretary Delivers Somber Update on Rasuwa Flood, Rescue Efforts Persist in Challenging Hydropower Tunnels
The recent devastating floods in Rasuwa district have cast a somber shadow over Nepal, with Home Secretary Kedarnath Sharma delivering a grim update on the prospects of finding individuals missing since the disaster. Addressing the Law, Justice, and Human Rights Committee, Secretary Sharma stated that the likelihood of discovering survivors is now considerably low, signaling a heartbreaking reality for the affected families and the nation. Despite this bleak assessment, the government remains steadfast in its commitment to the ongoing search and rescue operations, particularly focusing on the challenging environments within hydropower project tunnels. The floods, which have caused widespread destruction and displacement, have presented formidable obstacles to rescue teams. Secretary Sharma highlighted the extreme difficulties encountered, including treacherous geographical conditions, a notable lack of advanced technological resources, and the sheer complexity of the disaster-stricken areas. These factors have significantly prolonged the efforts to access and search certain hydropower tunnels, where many workers and residents might have sought refuge or been trapped. International search and rescue experts, who have been on the ground, have corroborated these challenges, emphasizing the exceptionally difficult terrain that has hampered rapid and effective intervention. Nepal's energy sector heavily relies on hydropower, making the impact on these projects a critical concern for investors and the national economy. The damage to these vital infrastructures not only represents substantial financial losses but also poses potential threats to the country's energy supply and development goals. The government's continued focus on these tunnels underscores the strategic importance of these assets and the urgency to assess and mitigate further damage, as well as to account for any personnel who might have been working there. Secretary Sharma outlined a phased approach to the disaster response, indicating that once the exhaustive search and rescue missions conclude, the focus will systematically shift towards relief distribution, followed by comprehensive rehabilitation and long-term reconstruction efforts. This strategic progression is crucial for restoring normalcy and rebuilding the lives and livelihoods of those impacted. The government's commitment to these subsequent phases will be vital in demonstrating resilience and ensuring the sustained recovery of the affected regions, which in turn can influence investor confidence in the nation's stability and development trajectory. "Our immediate attention is entirely on search and rescue," Secretary Sharma affirmed during the committee meeting. "Following this, we will gradually transition to providing relief, and then to the critical tasks of rehabilitation and reconstruction. While I am not a disaster expert, the chances of finding survivors now are unfortunately quite low. However, international practices suggest that in some extraordinary cases, individuals can be found alive even after 21 days. We haven't seen such instances elsewhere in this particular disaster yet. Our specific efforts are concentrated on the hydropower tunnels, where individuals might have been trapped. All heads of security agencies are actively involved in these operations. We faced significant challenges, including a lack of certain technologies and extremely difficult geographical conditions, which international experts have also acknowledged. These factors regrettably led to some delays in the initial search and rescue efforts." Beyond the immediate rescue operations, the government is also prioritizing the protection and welfare of vulnerable populations, particularly women and children, in the flood-affected areas. Secretary Sharma confirmed that these efforts are being meticulously coordinated with local government bodies. Representatives from the National Child Rights Council have been deployed to various holding centers established for children, ensuring their safety and well-being. Local governments are actively managing the care of rescued children and those who have been separated from their parents amidst the chaos. Furthermore, local non-governmental organizations are providing crucial support in managing these holding centers, ensuring that the children receive necessary care and assistance. Encouragingly, no serious issues or additional problems regarding the condition of these children have been reported thus far, highlighting the effectiveness of these collaborative protection efforts. This holistic approach to disaster management, encompassing both immediate response and long-term societal welfare, is a testament to the government's comprehensive strategy in navigating this national crisis.
Nepal Government Set to Withdraw Electricity VAT Amidst Public and Industrial Pressure
The Nepali government is reportedly preparing to reverse its decision to impose Value Added Tax (VAT) on electricity tariffs, a policy introduced just two months ago through the budget for the current fiscal year 2083/84. This significant policy shift comes in response to widespread opposition from both domestic consumers and industrial sectors, who argued that the additional tax would substantially increase their operational costs and household expenses. The initial imposition of VAT on electricity tariffs was met with immediate backlash. Under the new budget, household consumers using more than 50 units of electricity per month were subjected to a 5% VAT, while industrial and other commercial customers faced a steeper 13% VAT. This move was widely perceived as an added burden during a period of economic recovery and rising living costs. For households, it meant higher monthly utility bills, directly impacting disposable income. For industries, the 13% VAT translated into increased production costs, threatening their competitiveness in both domestic and international markets. Industrialists vociferously argued that higher electricity costs would inevitably lead to more expensive goods and services, ultimately fueling inflation and placing further strain on consumers. The strong public and private sector protests appear to have compelled the government to reconsider its stance. Sources indicate that a principal agreement to remove the VAT on electricity tariffs was reached during a recent discussion between Energy, Water Resources, and Irrigation Minister Biraj Bhakta Shrestha and Finance Minister Dr. Swarnim Wagle. This consensus underscores the government's responsiveness to public sentiment and the economic concerns raised by key stakeholders. Furthermore, the Energy Ministry sources suggest that Prime Minister Pushpa Kamal Dahal 'Prachanda' is also positive about revoking the VAT, paving the way for a swift resolution. The decision to impose VAT on electricity was likely driven by the government's need to bolster revenue collection and manage fiscal deficits. However, the immediate and strong negative reaction highlighted the potential adverse effects on economic activity and consumer welfare. The reversal of this policy is expected to bring considerable relief to millions of Nepali households and thousands of businesses. For industries, particularly manufacturing and service sectors, the removal of the 13% VAT will help stabilize production costs, potentially leading to more competitive pricing and stimulating economic growth. It could also alleviate some inflationary pressures, benefiting the broader economy. The formal annulment of the VAT on electricity tariffs is anticipated to be decided in an upcoming Cabinet meeting. Once approved, this move will effectively roll back a policy that had sparked considerable debate and concern across the nation. This episode serves as a crucial reminder of the delicate balance governments must strike between revenue generation and ensuring economic stability and public welfare. For investors, this development signals a government willing to adapt its policies in response to economic realities and stakeholder feedback, which can be interpreted as a positive sign for business predictability and operational costs in Nepal. The swiftness of the reversal, just two months after implementation, also highlights the dynamic nature of policy-making in the country. This policy reversal is particularly significant for Nepal's energy sector, which has been a key focus for national development. While the country aims for greater energy self-sufficiency and export potential, ensuring affordable access to electricity for its citizens and industries remains paramount. The removal of VAT aligns with the broader objective of promoting industrialization and improving the quality of life for Nepalis by keeping essential utility costs manageable.
eSewa Launches Campaign Highlighting Direct-to-Wallet Remittance Services
eSewa has launched its ‘Antai Bhaye Pani Aafanta Ko Najik’ campaign, highlighting its direct-to-wallet remittance service for Nepali families. Through authorized remittance partners, Nepalis living abroad can send money directly to their family members’ eSewa Wallets in Nepal. Recipients can use the funds for everyday payments such as electricity and water bills, telephone and internet bills, insurance premiums, school fees and other digital transactions. The campaign also promotes the use of formal remittance channels and digital payments. According to eSewa, receiving remittances directly in wallets can reduce the need for cash withdrawals through agents or banks and make it easier for families to use remittance income for regular expenses. The campaign focuses on how digital remittance services can help Nepalis working abroad remain financially connected with their families while expanding the use of digital financial services in Nepal.
Two Major Shareholders to Sell Portions of Ownership in Hathway Investment Nepal
Hathway Investment Nepal Limited announced that two of its major shareholders intend to sell a total of 685,747 shares over the next three months. The investment company received official formal requests regarding the planned share sale on September 18, 2026. Under regulatory rules set by the Securities Board of Nepal (SEBON), major investors who plan to sell 5% or more of their share holdings must notify the public at least 15 days in advance. This mandatory advance notification gives current and prospective investors clarity regarding impending ownership changes on the secondary market.
Sun Nepal Life Launches Sun Smart Protection Insurance Plan
Sun Nepal Life Insurance has launched the ‘Sun Smart Protection Insurance Plan’ on the occasion of its ninth anniversary, targeting affordable financial protection for people aged 18 to 65. The plan was launched by Chief Executive Officer Raj Kumar Aryal during an anniversary program held on Asoj 1. It is designed to provide financial protection to family earners, particularly those balancing professional and household responsibilities. The plan offers coverage starting from Rs 1 million, with the insured amount determined based on the policyholder’s income. Premiums can be paid monthly, quarterly, half-yearly or annually. In case of the insured’s death, the plan provides 100% of the sum assured. Optional benefits include funeral expenses of up to Rs 50,000 and up to Rs 100,000 in emergency healthcare coverage under the Sun Medicare facility. The policy is available through Sun Nepal Life’s branch offices and digital platforms. Sun Nepal Life has a paid-up capital of Rs 5.28 billion and operates through 136 branches and sub-branches with more than 40,000 agents.
Rs 4.6 Arba Invested for Jaldigad Hydropower Project
A total investment of Rs. 4.60 arba has been secured for the 22.50 MW Jaldigad Hydropower Project to be developed in Aathbiskot Municipality of Rukum West. Rastriya Banijya Bank, Nepal Bank, and Nepal Infrastructure Bank (NIFRA) will jointly provide Rs 3.36 arba in loans for the project promoted by Shangrila Hydropower Pvt. Ltd. The remaining Rs 1.23 arba will be financed through promoter equity. The agreement was signed by Shangrila Hydropower Chairman Khagendra Neupane and Rastriya Banijya Bank CEO Devendra Raman Khanal. Representatives of Nepal Bank and NIFRA were also pre The project is expected to generate 133.45 GWh of electricity annually and has a construction period of 33 months. Most preparatory works, including land acquisition, have already been completed. The promoter group has previously developed the 4.55 MW Bikash Hydropower Project in Gorkha, which was completed around six months ahead of schedule. The group is also developing the 4.6 MW Budhigandaki Hydropower Project in Gorkha, which is targeted to begin power generation within the next six months.
Samsung Nepal Launches Dashain-Tihar Offers with Cashbacks, Gifts and Lucky Draws
Samsung Nepal has launched its Dashain-Tihar festive campaign, “Smart Upgrade Gharma, Lucky Surprise Chadma,” offering cashbacks, free gifts and lucky draw prizes on selected TVs and home appliances. The campaign runs from September 20 to November 16, 2026. Customers purchasing eligible Samsung TVs, refrigerators, washing machines or air conditioners can register for the lucky draw by sending the product’s 14-digit serial number via SMS to 37273. The campaign includes 31 daily winners, who can receive either a 9KG front-load washing machine or a 55-inch UHD TV, while eight weekly winners will receive a 1-ton air conditioner. Customers can also get cashback of up to 26% on TVs, 21% on refrigerators and 18% on washing machines. Exchange bonuses of up to Rs 5,000 on refrigerators and Rs 3,000 on washing machines are also available, along with selected free gifts such as soundbars, NETTV packages and Surf Excel Matic detergent. Samsung has also introduced a 24-month EMI option through Hulas Finserve Hire Purchase Ltd. for eligible purchases. Customers can exchange old appliances through ArkoStore or authorized Samsung retailers under the campaign.
सामसङको Galaxy S26 FE सार्वजनिक, नयाँ AI र उच्चस्तरीय क्यामेरा मुख्य आकर्षण
सामसङ नेपालले Galaxy S26 परिवारमा नयाँ सदस्यका रूपमा Galaxy S26 FE सार्वजनिक गरेको छ। One UI 9 सहित बजारमा आउने यो Galaxy S26 सिरिजको पहिलो स्मार्टफोन हो। नयाँ स्मार्टफोनले उच्चस्तरीय क्यामेरा र नयाँ Galaxy AI सुविधामार्फत फोटो खिच्ने, क्रिएट गर्ने र कनेक्ट गर्ने अनुभवलाई थप सहज बनाउने कम्पनीले जनाएको छ।पातलो र हल्का डिजाइनमा तयार गरिएको Galaxy S26 FE मा ग्राहकले धेरै रुचाउने सुविधाहरू समावेश गरिएको सामसङले जनाएको छ। यसले Galaxy S सिरिजको प्रिमियम अनुभवलाई थप ग्राहकसम्म पुर्याउने कम्पनीको भनाइ छ। सामसङ नेपालका सिनियर डाइरेक्टर तथा हेड अफ MX प्रणय रत्न स्थापितले Galaxy S26 FE दैनिक जीवनका सुविधालाई अझ अर्थपूर्ण बनाउने गरी डिजाइन गरिएको बताए। स्पष्ट तस्बिर र सहज एडिटिङ Galaxy S26 FE मा सुधारिएको ट्रिपल रियर क्यामेरा र उन्नत इमेज प्रोसेसिङ प्रविधि रहेको छ। यसले स्थिर तस्बिरदेखि छिटो गतिमा भइरहेका दृश्यसम्म स्पष्ट रूपमा खिच्न र सजिलै एडिट गर्न सहयोग गर्ने कम्पनीले जनाएको छ। नयाँ Galaxy फोल्डेबलमा प्रस्तुत गरिएको My FanCam सुविधा पनि Galaxy S26 FE मा उपलब्ध छ। यसले छनोट गरिएको व्यक्तिलाई आफैं ट्र्याक गर्दै फ्रेमको बीचमा राख्ने र चलिरहेको दृश्यअनुसार भिडियोको फ्रेम मिलाउने काम गर्छ। भिडियो खिच्दा Horizontal Lock सहितको Super Steady सुविधाले छिटो चलिरहेका गतिविधिको भिडियोलाई स्थिर र सीधा खिच्न सहयोग गर्छ। फोनमा 3x Optical Zoom पनि रहेको छ, जसले टाढाका दृश्य खिच्न सहज बनाउने कम्पनीको दाबी छ। Galaxy S सिरिजमा रहेको Nightography सुविधाले कम प्रकाशमा पनि उज्यालो र स्पष्ट तस्बिर खिच्न तथा कठिन अवस्थामा समेत फोटोका विवरणलाई स्पष्ट राख्न सहयोग गर्ने बताइएको छ। नयाँ Galaxy AI अनुभव One UI 9 सहित Galaxy S26 FE मा दैनिक कामलाई सहज बनाउने विभिन्न इन्ट्युटिभ र कन्टेक्स्ट-अवेयर Galaxy AI सुविधाहरू समावेश गरिएको छ। यी सुविधाले प्रयोगकर्ताको दैनिक रुटिनअनुसार आवश्यक जानकारी उपलब्ध गराउनुका साथै काम व्यवस्थित गर्न सहयोग गर्ने कम्पनीले जनाएको छ। Galaxy S25 सिरिजमा प्रस्तुत गरिएको Now Brief लाई पनि थप व्यक्तिगत बनाइएको छ। प्रयोगकर्ताले मौसम र स्वास्थ्यसम्बन्धी जानकारीजस्ता आफूलाई आवश्यक ब्रीफिङ कार्ड छनोट गर्न सक्नेछन्। सामान्य निर्देशन प्रयोग गरेर आफ्नै कार्डसमेत बनाउन सकिने भएकाले Now Brief लाई दिनभरि थप उपयोगी रूपमा प्रयोग गर्न सकिने कम्पनीको भनाइ छ। मूल्य र उपलब्धता सामसङ नेपालका अनुसार Galaxy S26 FE को 8GB RAM र 256GB स्टोरेज भेरियन्ट उपलब्ध हुनेछ। मोडल: Galaxy S26 FE (8/256GB) रंग: Pistachio, Graphite र Blueberry मूल्य: रु. १ लाख १९ हजार ९९९ १२ महिनाको EMI: रु. ६ हजारबाट २४ महिनाको EMI: रु. ३ हजार २५६ बाट विशेष अफर Galaxy S26 FE खरिदमा सामसङले विभिन्न अफरसमेत सार्वजनिक गरेको छ। ग्राहकले रु. ८ हजारसम्मको एक्सचेन्ज बोनस प्राप्त गर्न सक्नेछन्। यसले फोन खरिद गर्दा आवश्यक डाउन पेमेन्ट घटाउन सहयोग गर्ने कम्पनीले जनाएको छ। त्यस्तै, ग्राहकले रु. १८ हजार ३५१ मूल्य पर्ने ६ महिनाको Google AI Pro Subscription निःशुल्क प्राप्त गर्नेछन्। यसका साथै २४ महिनाको EMI सुविधा उपलब्ध हुनेछ, जसको मासिक किस्ता रु. ३ हजार २५६ बाट सुरु हुने कम्पनीले जनाएको छ। असोज ५ गते, सोमबार, नेपाली शेयरबजार बन्द रहने भएको छ।
Both Houses of Federal Parliament Meeting Today
The meeting of both houses of the federal parliament is being held today. Speaker Dol Prasad Aryal is set to announce the details of a letter from the President's office concerning the authentication of a bill during the House of Representatives meeting at Singh Darbar, scheduled for 1:00 PM. In addition, SitaBadi, Minister for Women, Children, Gender and Sexual Minorities, is expected to propose that the 'Children (First Amendment) Bill, 2083' be sent to the relevant committee for a quarterly discussion. Similarly, Law, Justice and Parliamentary Affairs Minister SovitaGautam will present a proposal on behalf of Prime Minister and Defense Minister Balendra Shah to pass the National Service Corps Bill, 2083. Furthermore, Agriculture, Forest and Environment Minister Geeta Chaudhary will address questions related to her ministry during the National Assembly meeting at 1:15 PM. She will also propose the passing of the Infectious Animal Disease (Control) Bill, 2083. Additionally, today will see meetings of the Law, Justice and Human Rights Committee, the Agriculture and Natural Resources Committee, and the Infrastructure Development Committee.
Himalayan Bank is Auctioning 8,50,124.57 Units of Promoter Shares To General Public/ Institutions From Today
The existing promoters of Himalayan Bank Limited (HBL) are selling 8,50,124.57 units of promoter shares in an auction to the general public/institutions. 8,50,124.57 units of promoter shares will be auctioned. Individual investors, companies, and institutions are all eligible to bid in an auction. Interested individuals are requested to bid for the auction within 15 days, i.e., 19th Ashwin, 2083, from this notice's publication date, i.e., 5th Ashwin, 2083. Interested investors should submit their bids at the company's central office located at Kamaladi, Kathmandu. Notice:
Nepal Micro Insurance Appoints Himalaya Securities Banker as New Share Registrar
Nepal Micro Insurance Company Limited has officially changed its share registrar, moving its share administration management from Himalayan Investment Banker Limited to Himalaya Securities Banker Limited. The decision was made following a resolution by the company's Board of Directors during a meeting held on Bhadra 5, 2083. Under this new arrangement, which takes effect from Ashoj 2, 2083 onward, Himalaya Securities Banker Limited will handle all share related services. These duties include maintaining official security records, processing share transfers and name changes, managing share freezing and unfreezing requests, and keeping the shareholder registry updated. All shareholders and interested stakeholders are advised to direct their share management inquiries and service requests to the newly appointed institution.
Gold Price Falls While Silver Price Rises; Check Today's Trading Rate
Gold prices have witnessed a moderate fall in the domestic market today, falling by Rs. 1300 per tola to settle at Rs. 303,900 per tola, down from the previous rate of Rs. 305,200 per tola. The Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA) reported that Tejabi gold price also falls by Rs. 1300 per tola to reach Rs. 303,200 per tola, compared to Rs. 304,500 per tola on the previous day. Meanwhile, Silver prices moves in the opposite direction, price rises by Rs. 10 now trading at Rs. 4,805 per tola up from previous rate Rs. 4,795 per tola.
Market to Remain Closed Today Due to Data Center Issue
The Nepal Stock Exchange (NEPSE) will remain closed today, September 21, 2026, due to a technical problem at the data center of Data Hub Pvt. Ltd., where the servers of 72 stockbroker companies are hosted. According to NEPSE, the technical issue has been affecting the data center since the morning of September 20 and has not yet been resolved despite ongoing efforts. NEPSE said operating the market under the current situation could potentially affect its trading system. The decision was made after the Stock Brokers Association of Nepal also requested that today’s regular trading session be closed. NEPSE has closed the market in accordance with Rule 21(1) of the Securities Listing and Trading Regulations, 2075, and apologized for the inconvenience caused to investors and other stakeholders.
677 Workers Missing, 515 Trucks and Containers Lost in Bhotekoshi Flood
As many as 677 workers have gone missing and 515 trucks and containers have been reported lost following the Bhotekoshi River flood in Rasuwa on Bhadra 10. The figures were presented by the Federation of Nepal Truck Transport Entrepreneurs at a meeting led by Rajiv Pokharel, Director General of the Department of Transport Management. The federation said the number of missing workers and vehicles could increase as further details are collected. Federation President Rajendra Bikram Baniya called for a detailed assessment of the losses in the transport and cargo sector and relief and compensation for affected workers and transport entrepreneurs. The Ministry of Physical Infrastructure Development has formed a committee under Pokharel to assess the human and physical damage caused by the flood and recommend a basis for compensation. The committee has been given 15 days to submit its report to the minister. The committee includes representatives from the ministry, the minister’s secretariat, transport entrepreneurs and transport workers’ organizations, along with representatives of the federation.
Shine Resunga Development Bank Unveils Book Closure Date for its 16% Dividend; Calls AGM on Ashwin 28
Shine Resunga Development Bank Limited (SHINE) has called its 18th AGM on 28th Ashwin, 2083. The meeting will be held in Hotel Saffron C.K. Private Limited, Butwal, Rupandehi starting at 11:30 AM that day. Among the other agendas, the AGM will endorse a 16% dividend for the fiscal year 2082/83. The 338th meeting of the Board of Directors has decided to distribute the dividend from the paid-up capital of Rs. 5.02 Arba. 6% bonus shares and 10% cash dividend have been proposed. Thus, the bonus shares are a little over Rs. 30.13 crore and the cash dividend is worth a little over Rs. 50.21 crores. Furthermore, there is an agenda to endorse the auditor's report with PL statements, financial reports, and cash flow reports for FY 2079/80 and appoint an auditor for the fiscal year 2080/81. The book closure date is on Ashwin 13. Therefore, the shareholders maintained before that day are entitled to dividend payout and can attend this AGM. AGM Notice:
Beni Hydropower Project Limited IPO Allotment Concludes: Lucky 8,63,200 Applicants Allotted 10 Units Each via Lottery System
Beni Hydropower Project Limited's IPO allotment was concluded today at the premises of the issue manager, NMB Capital Limited. The company had issued 8,63,200 units as an Initial Public Offering (IPO) to the general public from 22nd Bhadra, 2083, to 26th Bhadra, 2083. The company's issued capital is Rs 1.04 arba. Of this, 20%, i.e., 20,80,000 unit shares, were issued to the public. Out of the total issue capital, 10%, amounting to 10,40,000 unit shares worth Rs. 10.40 Crores, were allocated to project-affected locals in Solukhumbu District. The remaining 10% of the issued capital, i.e., 10,40,000 unit shares, were for the general public. Of this general public issue, 10% a total of 1,04,000 unit shares, were allotted to Nepalese citizens working abroad. Of the general public issue, 2%, i.e., 20,800 units, have been set aside for the company's employees, and 5% of the total offered shares, i.e., 52,000 units, have been reserved for mutual funds. The remaining 8,63,200 units were issued to the general public, and the allotment concluded today. The issue received a total of 2,305,233 valid applications for 25,631,440 units. Meanwhile, 46,327 applications for 5,69,470 units were disqualified. As per the allotment results 86,320 applicants were allotted 10 units each through a lottery system. Allotment Module: The IPO result can be accessed by CDSC IPO Result, MeroShare, and NMB Capital Limited. ICRA Nepal has upgraded the issuer rating of Beni Hydropower Project Limited (BEPL/the company) to [ICRANP-IR] BB+ (pronounced ICRA NP Issuer Rating Double B Plus) from [ICRANP-IR] BB (pronounced ICRA NP Issuer Rating Double B). Issuers with this rating are considered to have a moderate risk of default regarding the timely servicing of financial obligations Beni Hydropower Ltd is a hydropower development company founded in 2016. The company is developing the Upper Solu Khola Hydropower Project, a run-of-river type project with a licensed capacity of 18 MW. The project is located in Beni (Salleri), Solukhumbu District, Nepal. The project is currently under construction.