Latest NEPSE News & Share Market Updates
Unlocking Liquidity: A Deep Dive into NEPSE's Lowest Public Float Companies and Upcoming Promoter Share Releases
The Nepal Stock Exchange (NEPSE) is a dynamic market, and understanding the nuances of share distribution is crucial for investors. A recent analysis has shed light on a critical aspect of market liquidity: the public float of recently listed companies and the impending expiry of promoter share lock-in periods. This review, encompassing 52 companies whose promoter lock-in periods are yet to conclude, offers valuable insights for investors navigating the NEPSE landscape. Companies that completed their IPOs more than three years ago and have already seen their promoter lock-in periods expire were intentionally excluded from this specific analysis, ensuring a focus on the most relevant upcoming liquidity events. The analysis specifically targets shares that constitute the public float, which includes those issued to the general public, foreign migrant workers, and mutual funds. Shares allocated to project-affected individuals and employees were not factored into this calculation, providing a clearer picture of freely tradable shares. The findings reveal a significant disparity in public float percentages among these companies, with some exhibiting remarkably low numbers, which can have profound implications for market liquidity and price discovery. Leading the list of companies with the smallest public float is **Swastik Laghubitta Bittiya Sanstha Limited (SWASTIK)**. With only 231,000 public shares, representing a mere 40% of its total 577,500 listed shares, SWASTIK stands out. Its shares were allotted on August 28, 2025, meaning the promoter lock-in period is set to expire on August 28, 2028. While the mutual fund lock-in period concluded earlier on February 28, 2026, the significant block of promoter shares remains restricted. Financially, SWASTIK reported a robust EPS of Rs. 21.11 and a net profit of Rs. 1.21 crore in the fourth quarter of FY 2082/83, with its latest traded price at Rs. 1,904. It's important to note that for BFIs and microfinance institutions, employee/staff shares might become tradable after their three-year lock-in, but promoter shares are subject to stricter regulatory restrictions, often extending beyond the initial three years. Following closely is **Everest Colour Limited (ECL)**, which has 790,000 public shares, accounting for 26.33% of its 3 million listed shares. Allotted on June 18, 2026, ECL's promoter lock-in period will expire on June 18, 2029, with the mutual fund lock-in ending on December 18, 2026. The company posted an EPS of Rs. 7.38 and a Q4 net profit of Rs. 2.21 crore, with a recent trading price of Rs. 1,400. **Sarvottam Paints Industries Limited (SAPIL)** features with 850,000 public shares, making up 25% of its 3.4 million listed shares. Its shares were allotted on June 25, 2026, and the promoter lock-in period is slated to end on June 25, 2029. The mutual fund lock-in period for SAPIL concluded on December 25, 2026. SAPIL reported an EPS of Rs. 6.60 and a Q4 net profit of Rs. 1.71 crore, trading at Rs. 1,394.80. Among the energy sector, **Him Star Urja Company Limited (HIMSTAR)** has 1.119 million public shares, representing 30% of its 3.73 million listed shares. Allotted on July 16, 2025, its promoter lock-in period will expire on July 16, 2028. The mutual fund lock-in period ended on January 16, 2026. Despite a Q4 net loss of Rs. 11.80 crore and an EPS of Rs. 1.15, its latest traded price was Rs. 659.90. **Jhapa Energy Limited (JHAPA)** also shows a 25% public float with 950,475 shares out of 3.8 million listed. Allotted on September 24, 2025, its promoter lock-in expires on September 24, 2028. JHAPA reported an EPS of Rs. 3.86 and a Q4 net profit of Rs. 1.46 crore, with a recent price of Rs. 1,013. Interestingly, **Mabilung Energy Limited (MABEL)**, while on this list, boasts the highest public share percentage among the top 10, with 1.89 million public shares accounting for 49% of its 3.86 million listed shares. Allotted on August 24, 2025, its promoter lock-in ends on August 24, 2028. MABEL, however, reported a negative EPS of Rs. 1.16 and a Q4 net loss of Rs. 0.45 crore, trading at Rs. 567.30. **Chirkhwa Hydro Power Limited (CKHL)** has 1.2 million public shares, representing 30% of its 4 million listed shares. Its shares were allotted on November 2, 2023, with the promoter lock-in period expiring relatively sooner on November 2, 2026. CKHL reported the highest Q4 net profit among these companies at Rs. 5.30 crore and an EPS of Rs. 13.25, with a recent price of Rs. 575. **Appolo Hydropower Limited (APHL)** holds 1.41 million public shares, making up 30% of its 4.7 million listed shares. Allotted on April 24, 2026, its promoter lock-in will end on April 24, 2029. APHL posted a negative EPS of Rs. 6.65 and a Q4 net loss of Rs. 1.93 crore, trading at Rs. 689. Rounding out the list are **Salapa Bikas Bank Limited (SABBL)** and **Kalinchowk Hydropower Limited (KHPL)**. SABBL has 1.724 million public shares (33% of 5.22 million listed), with its promoter lock-in expiring on January 9, 2029. It reported an EPS of Rs. 1.46 and a Q4 net profit of Rs. 1.95 crore, trading at Rs. 870. KHPL, with 1.375 million public shares (25% of 5.5 million listed), sees its promoter lock-in expire on April 20, 2029. It reported an EPS of Rs. 1.10 and a Q4 net profit of Rs. 0.61 crore, trading at Rs. 760. The size of a company's public float is a critical determinant of a stock's liquidity. A small public float often translates to lower trading volumes and potentially higher price volatility, as even minor buying or selling pressure can significantly impact the share price. For investors, this means that while a low float might sometimes lead to rapid price appreciation due to scarcity, it also carries the risk of difficulty in exiting positions without affecting the market price. Furthermore, the impending expiry of promoter lock-in periods presents a significant event for these stocks. When a substantial block of promoter shares becomes eligible for trading, it can lead to an increase in the supply of shares in the market. This increased supply, depending on the demand, could exert downward pressure on the stock price. Savvy investors will closely monitor these dates, assessing the potential impact on market dynamics. However, it is crucial to emphasize that a low public float alone does not dictate whether a stock is overvalued or undervalued. A holistic investment approach requires investors to delve deeper into a company's fundamentals. This includes a thorough examination of its earnings per share (EPS), overall financial health, valuation metrics, and future growth prospects. The financial figures cited in this analysis are based on the Q4 results of FY 2082/83, and the data was compiled on August 30, 2026, using the Last Traded Price (LTP) of August 27, 2026. By combining an understanding of market structure with fundamental analysis, investors can make more informed decisions and capitalize on opportunities within the NEPSE market.
Nepal Bolsters Border Security and Flood Preparedness with New CCTV Installations in Rasuwa
In a proactive move to enhance national security and disaster preparedness, Nepal has commenced the installation of advanced Closed-Circuit Television (CCTV) systems along its border with China in the strategically vital Rasuwa district. This initiative, spearheaded by the Centre for Hydrology and Water Resources Research, is a direct response to the heightened risk of potential lake outbursts following the recent devastating flash floods in the Bhote Koshi River basin. The decision to deploy these monitoring devices underscores a critical need for real-time surveillance in a region highly susceptible to transboundary hydrological hazards. Rasuwa, a mountainous district, serves as a crucial gateway for trade with China via the Kerung/Kyirong border point and is home to significant infrastructure, including several hydropower projects. The recent Bhote Koshi floods, which caused widespread damage and disruption, have highlighted the urgent necessity for robust early warning systems to mitigate future catastrophes. According to meteorologist Sauhardra Johi, the newly installed CCTVs will play a pivotal role in continuously monitoring the flow and water levels of the river systems originating from the Tibetan plateau. This real-time data will be instrumental in assessing potential risks, particularly from glacial lake outburst floods (GLOFs) and other sudden hydrological events that can cascade down the valleys with destructive force. The ability to detect anomalies and changes in river dynamics will enable authorities to issue timely pre-warnings, providing invaluable time for local communities and critical infrastructure operators to take preventative measures and evacuate if necessary. For investors, particularly those in Nepal's burgeoning hydropower sector and infrastructure development, this development signals a positive step towards enhanced risk management. The Rasuwa region hosts several key hydropower projects, such as the Upper Trishuli-1 and Chilime projects, which are inherently vulnerable to the impacts of flash floods and GLOFs. By implementing advanced monitoring technologies, the government is demonstrating a commitment to safeguarding these vital assets, thereby potentially reducing operational risks and enhancing the long-term viability and attractiveness of investments in the region. Improved disaster preparedness can translate into greater project stability, fewer disruptions, and ultimately, more predictable returns for shareholders. Furthermore, the protection of critical trade routes, such as the Pasang Lhamu Highway connecting to the Kerung border, is paramount for Nepal's economic stability. Uninterrupted connectivity ensures the smooth flow of goods and services, which is essential for national commerce and international trade relations. The CCTVs contribute to this by providing an early alert mechanism that can help prevent or minimize damage to these vital arteries, ensuring economic resilience. This technological intervention is part of a broader national strategy to bolster disaster risk reduction capabilities across Nepal, a country highly vulnerable to climate change impacts. By leveraging modern surveillance tools, the government aims to create a more resilient environment, protecting lives, livelihoods, and national assets. Such proactive measures not only enhance national security but also foster greater confidence among domestic and international investors, signaling a more secure and predictable operating environment in a region that is both geographically challenging and economically significant.
Rasuwa Floods Inflict Severe Damage on Hydropower Sector, Urgent Relief Measures Proposed
Nepal's vital hydropower sector has been dealt a significant blow following catastrophic flash floods in the Bhotekoshi and Trishuli river basins on August 26, 2026. In response to the widespread devastation, the government has officially declared a state of emergency across the affected districts, prioritizing high-level search, rescue, and rehabilitation operations. However, beyond immediate humanitarian concerns, the floods have exposed critical vulnerabilities in the nation's energy infrastructure, prompting urgent calls for targeted economic relief to safeguard the sector's future. The immediate aftermath saw multi-ton transmission towers near riverbanks undermined by torrents of water and debris. This destruction extended to key transmission towers, substations, and high-voltage evacuation lines, effectively stranding operational power plants and disconnecting a staggering 430–740 megawatts (MW) from the national grid. Such a substantial loss of power generation capacity has not only created an energy deficit but has also triggered severe market volatility on the Nepal Stock Exchange (NEPSE), impacting investor confidence in the energy sector. Specifically, five listed operating hydropower projects in Rasuwa, alongside several downstream plants in Nuwakot, bore the brunt of the damage. These projects, with a combined capacity of 164.42 MW, suffered significant structural damage or were forced offline. The affected projects include the 111 MW Rasuwagadhi Hydropower Project, the 22 MW Chilime Hydropower Project, the 20 MW Langtang Khola Hydropower Project, the 6.42 MW Upper Mailung A Hydropower Project, and the 5 MW Mailung Khola Hydropower Project. The disruption to these key assets underscores the urgent need for comprehensive recovery strategies. In light of the declared government emergency, investors and energy producers, represented by the Independent Power Producers' Association, Nepal (IPPAN), are strongly urging authorities to complement disaster relief efforts with concrete economic policies. An indicative list for such a bailout plan has been proposed, aiming to mitigate financial distress and ensure the long-term viability of these crucial projects. One of the primary proposals is the **extension of generation licenses**. Currently, generation licenses are typically issued for 35 years, as per the Hydropower Development Policy, 2001. However, Section 4 of the Electricity Act, 1992, grants the Department of Electricity Development (DoED) the legal authority to issue licenses for up to 50 years. Stakeholders argue that since the 35-year limit is an administrative policy restriction rather than a statutory cap, the Ministry of Energy, Water Resources and Irrigation, and the DoED possess the legal mandate to extend licenses up to the full 50-year ceiling. Granting extended license terms to flood-affected plants would provide a low-cost regulatory mechanism to offset operational downtime, revenue loss, and lengthy reconstruction timelines without necessitating direct government financial bailouts. This measure is crucial for ensuring project viability and investor returns over a longer horizon. Another critical demand is **concessional financing**. To prevent defaults and secure the financial survival of flood-hit hydropower projects, soft or interest-free loans are deemed essential. Such financing would facilitate the rebuilding of damaged infrastructure and ensure equitable returns to capital providers by managing the funds required to bring these affected projects back into operation. This is vital for maintaining the financial health of the companies and their ability to contribute to the national grid. **VAT and customs exemptions** are also being sought. Restoring complex hydropower civil structures and electromechanical systems often requires substantial capital expenditure, frequently running into millions of dollars. Waiving standard import duties on necessary equipment and materials would directly reduce reconstruction costs, allowing cash-strapped projects to reallocate scarce capital more efficiently toward physical restoration. This direct cost-saving measure would significantly ease the financial burden on developers. For under-construction projects whose progress has been severely impacted by destroyed access infrastructure, an **extension of the Required Commercial Operation Date (RCOD)** is crucial. This would allow banks to extend grace periods on loan principal repayments, aligning them with updated project completion timelines. Such flexibility is paramount to prevent project abandonment and ensure the eventual commissioning of these vital energy sources. Finally, **fast-track rehabilitation of grid infrastructures** is a non-negotiable priority. The Nepal Electricity Authority (NEA) and the DoED must coordinate and prepare an aggressive action plan for the swift rehabilitation of swept-away transmission towers, substations, switchyards, and other distribution systems. Without a robust and functional national grid, even fully restored power plants cannot evacuate their generated electricity, rendering their recovery efforts futile. Implementing such a targeted relief package is not merely about aiding individual projects; it is about restoring investor confidence, safeguarding the stability of the NEPSE financial market, and securing Nepal's long-term energy future. The resilience of the hydropower sector is intrinsically linked to the nation's economic growth and energy independence, making these proposed measures critical for a sustainable recovery.
CPN-UML Pledges Significant Aid for Rasuwa Flood Victims, Emphasizing Direct Relief
The Communist Party of Nepal (Unified Marxist-Leninist), CPN-UML, a prominent political force in the nation, has announced a substantial financial commitment of NPR 1.2 crore (approximately USD 90,000) dedicated to the rescue, relief, and rehabilitation efforts for communities devastated by recent floods, landslides, and inundation in Rasuwa district. This significant pledge underscores the party's commitment to national recovery during times of crisis and highlights the broader societal responsibility shared by political entities. The announcement was made by Party Chairman and former Prime Minister KP Sharma Oli during a program held at the party’s central office in Chyasal, Lalitpur, on Monday. This public declaration serves to mobilize both internal party resources and broader public support for the affected regions. The initial phase of this relief initiative saw immediate contributions totaling NPR 20 lakh (approximately USD 15,000) from two key party committees: the Bagmati Province Committee and the Kathmandu Valley Special Province Committee. These funds were formally handed over to Chairman Oli, marking the commencement of the party's fundraising drive. Chairman Oli articulated a clear vision for the deployment of these funds, emphasizing the party's intention to actively mobilize resources from the central level to ensure the target of NPR 1.2 crore is met. More critically, Oli stressed the importance of ensuring that aid reaches the genuine victims swiftly and efficiently, rather than merely channeling funds into government accounts. This approach reflects a desire to bypass potential bureaucratic delays and ensure direct impact, a sentiment often echoed by citizens and aid organizations alike during disaster response. He highlighted the need for assistance to reach those most in need without getting entangled in procedural complexities, a common challenge in large-scale relief operations. The recent monsoon season has brought unprecedented challenges across Nepal, with several districts, including Rasuwa, experiencing severe flooding and landslides that have displaced thousands, destroyed infrastructure, and tragically claimed lives. The Bhote Koshi and Trishuli river basins, in particular, have been under high alert, leading to widespread devastation and necessitating urgent humanitarian intervention. In this context, the CPN-UML's initiative is a crucial component of the broader national effort to mitigate the impact of these natural calamities and support long-term recovery. Beyond the financial pledge, Chairman Oli also issued a broader appeal to all stakeholders, urging them to accelerate the pace of relief and rehabilitation work in the affected areas. This call to action signifies the collective responsibility required to address such widespread disasters, involving not just political parties but also government agencies, non-governmental organizations, and the private sector. For investors, such political stability and coordinated disaster response are critical indicators of a nation's resilience and its ability to manage crises, which can indirectly influence economic outlooks and investment climates. The effectiveness of these relief efforts will be closely watched as Nepal navigates the challenging aftermath of these natural disasters, striving to rebuild and restore normalcy for its citizens.
Critical Rescue Operation Intensifies at Upper Trishuli-1 Hydropower Project as Families Join Search for 576 Missing Personnel
The dire situation at the Upper Trishuli-1 Hydropower Project (216 MW) has escalated, with a critical rescue mission now underway to locate and extract hundreds of workers and employees who have been trapped at the construction site for an agonizing six days. In a significant development, a specialized helicopter team, crucially including relatives of the missing personnel, has departed for the remote project site, signaling a renewed and more urgent phase of the operation. This intensified effort comes after continuous and mounting pressure from the distraught families, who have been relentlessly lobbying the project's promoter company, Nepal Water and Energy Development Company (NWEDC), at its Thapathali office. Their appeals highlighted the prolonged isolation of technical staff, employees, and laborers, trapped amidst the devastating floods that have ravaged the Trishuli River basin. Following extensive discussions between NWEDC and the affected families, the company has taken the decisive step to fund the aerial rescue mission and coordinate with government authorities to facilitate the deployment of both rescue personnel and family representatives to the site. The helicopter team, comprising project representatives and relatives of those unaccounted for, is tasked with a dual objective: to closely monitor the ongoing search and rescue operations and to gather firsthand information about the actual conditions on the ground. Anupa Sapkota, sister of the missing engineer Sachin Gautam, articulated the profound anxiety driving their participation, stating their urgent need to ascertain the well-being of her brother and his colleagues. This direct involvement of families underscores the gravity of the situation and the desperate hope for positive news. According to official reports from the project, a total of 254 individuals have been successfully rescued from the project site and its immediate vicinity thus far. However, this glimmer of hope is overshadowed by the alarming statistic that over 576 individuals remain out of contact, painting a grim picture of the challenges faced by rescue teams. The sheer number of missing personnel underscores the severity of the disaster and the immense scale of the ongoing crisis. The prolonged delay in achieving effective rescue operations, now stretching into its sixth day, has fueled considerable anger and frustration among the families. Their concerns are amplified by fears that those trapped in precarious locations, such as cliffs and tunnels, may have been deprived of essential sustenance, including food and water, for an extended period, placing their lives in extreme peril. With all road access to the site completely severed due to the widespread flood damage, aerial rescue remains the sole viable option for reaching the stranded individuals. This incident at Upper Trishuli-1 not only highlights the immediate human tragedy but also casts a spotlight on the inherent risks associated with large-scale infrastructure projects in Nepal's challenging geographical terrain, particularly during monsoon seasons. For investors in Nepal's burgeoning hydropower sector, such events serve as a stark reminder of the operational and environmental risks that can impact project timelines, costs, and overall viability. The coordinated response from NWEDC, involving both financial commitment and collaboration with government bodies, will be closely watched as a testament to corporate responsibility in times of crisis. The nation holds its breath, hoping for the safe return of all those still missing, as the critical rescue operation continues against formidable odds.
Shivam Cement and Shivam Holdings Pledge Multi-Million Rupee Aid for Flood Victims
In a commendable display of corporate social responsibility, Shivam Cement Limited and its subsidiary, Shivam Holdings Limited, have announced substantial aid packages to support communities devastated by the recent floods and landslides that struck Nepal on Bhadra 10 (August 26). The catastrophic events have left a trail of destruction, particularly impacting regions like Rasuwa, necessitating urgent relief, rescue, and reconstruction efforts. Shivam Cement Limited has committed to providing crucial material support for housing reconstruction. In close coordination with the Government of Nepal, the company has decided to supply 100 bags of Shivam OPC cement free of charge to 110 flood-affected households. This initiative alone translates to a total contribution of 11,000 bags of cement, a vital resource for rebuilding homes and infrastructure. Considering the average market price of cement, this donation represents a significant material investment in the recovery of these communities, estimated to be worth approximately NPR 8.8 million. This direct provision of building materials underscores Shivam Cement's understanding of the immediate and long-term needs of disaster-stricken families, ensuring that their contributions directly facilitate the arduous process of rebuilding. Complementing this material aid, Shivam Holdings Limited has extended financial assistance by donating NPR 1.1 million to the Prime Minister's Disaster Relief Fund. This monetary contribution is aimed at bolstering the broader relief, rescue, and rehabilitation operations spearheaded by the government. Such financial support is critical for various aspects of disaster management, including providing immediate shelter, food, medical supplies, and logistical support to those displaced and affected. The combined value of these contributions from Shivam Cement and Shivam Holdings totals nearly NPR 10 million, highlighting a robust commitment to national recovery efforts. The companies expressed their firm belief that these contributions will significantly enhance the effectiveness of the ongoing relief and post-disaster reconstruction campaigns. Their commitment extends beyond a one-time donation, with Shivam Cement pledging continuous support and cooperation for the rehabilitation of affected citizens' lives. This will involve ongoing collaboration with government bodies, local authorities, and other relevant agencies, highlighting a sustained dedication to community welfare during challenging times. For investors, such proactive engagement in corporate social responsibility (CSR) initiatives by Shivam Cement and Shivam Holdings is a positive indicator. It reflects a company that is not only focused on its core business operations but also deeply invested in the well-being of the society in which it operates. A strong CSR profile can enhance brand reputation, foster goodwill among stakeholders, and potentially contribute to long-term sustainability and investor confidence. In a nation frequently susceptible to natural calamities, companies demonstrating such commitment often build stronger community ties and a more resilient operational environment. This strategic approach to social investment can differentiate a company in the market and resonate positively with ethically conscious investors, signaling robust governance and a forward-thinking management philosophy.
Nepal Declares 15 Local Levels in 5 Districts Disaster-Stricken Zones Amidst Bhote Koshi Floods
In a significant move to accelerate relief and reconstruction efforts, the Government of Nepal has officially declared 15 local levels across five districts as 'disaster-stricken areas.' This crucial decision comes in the wake of devastating floods originating from the Bhote Koshi-Lende Khola region, situated along the Nepal-China border, which have caused widespread damage and displacement. The Ministry of Home Affairs formally announced this declaration through a notice published in the Nepal Gazette. This measure, effective for a period of three months starting from Bhadra 11, 2083 (August 27, 2026), has been enacted under the authority granted by Sub-section (1) of Section 32 of the Disaster Risk Reduction and Management Act, 2074. The declaration underscores the government's commitment to a rapid and coordinated response to the ongoing humanitarian and infrastructural crisis. Home Ministry Secretary Rajkumar Shrestha emphasized that the primary objective behind this declaration is to expedite the provision of relief, streamline rescue operations, and fast-track reconstruction activities in the severely affected regions. By designating these areas as disaster-stricken, the government aims to unlock special provisions for resource allocation, emergency procurement, and inter-agency coordination, ensuring that aid reaches those in need without bureaucratic delays. The affected areas span across five critical districts, highlighting the extensive reach of the recent floods. In Rasuwa district, the Uttargaya, Gosaikunda, Kalika, and Aamachhodingmo Rural Municipalities have been declared crisis zones. Nuwakot district sees its Bidur and Belkotgadhi Municipalities, along with Kispang and Tarkeshwor Rural Municipalities, included in the declaration. Dhading district's Galchhi, Siddhalek, Gajuri, and Benighat Rorang Rural Municipalities are also on the list. Furthermore, Gandaki Rural Municipality in Gorkha and Devghat and Aabukhaireni Rural Municipalities in Tanahu have been designated as disaster-stricken areas. This geographical spread indicates a significant impact on both mountainous and mid-hill regions, affecting diverse communities and local economies. For investors, this declaration carries several implications. The immediate focus will be on the humanitarian response, but the long-term economic repercussions are substantial. Infrastructure development, particularly roads, bridges, and hydropower projects in these regions, will face significant setbacks. Companies involved in construction, logistics, and power generation might experience disruptions and increased operational costs. The agricultural sector, a cornerstone of the rural economy in these areas, is likely to suffer extensive crop losses and damage to arable land, potentially impacting food supply chains and related industries. Moreover, districts like Rasuwa, a gateway to the Langtang National Park and a crucial trade route with China, will see their tourism and cross-border trade activities severely hampered, affecting hospitality and import/export businesses. The government's increased expenditure on relief, rescue, and reconstruction will necessitate budget reallocations, which could influence overall fiscal policy. While the declaration signals a concerted effort towards recovery, the path to full restoration will be challenging and prolonged. This situation underscores the critical need for robust disaster preparedness, resilient infrastructure development, and comprehensive risk management strategies to safeguard Nepal's economic stability against the increasing frequency and intensity of natural calamities.
Tragic Flash Flood Claims Lives of Mother and Daughter in Pokhara
Pokhara, Nepal – A heart-wrenching incident unfolded in Pokhara's bustling market area this past weekend, as a sudden and powerful flash flood, triggered by intense evening rainfall, tragically claimed the lives of a young mother and her two-year-old daughter. The devastating event, which occurred on Friday evening (Bhadra 12), has cast a pall of grief over the popular tourist city and highlighted the severe risks posed by monsoon-induced natural calamities. The victims have been identified as 26-year-old Sushma Dahal and her two-year-old daughter, Ranika, residents of Dhungepatan, Pokhara-30. According to Chitrangat Baral, Assistant Chief District Officer of Kaski, the tragedy struck at Harkachok, near the Janapriya Campus in Pokhara Metropolitan City-17, a busy intersection frequented by commuters and pedestrians. Eyewitness accounts and police reports indicate that the family was navigating the city's streets amidst the heavy downpour. Sushma Dahal, her daughter Ranika, and her husband, Kamal Dahal, were traveling on a scooter from Birauta towards Prithvi Chowk. As the intensity of the rain increased, the streets quickly transformed into raging torrents, with flash floods (locally known as 'bhel') rapidly accumulating. Sensing the danger, Kamal Dahal prudently stopped the scooter at Harkachok. However, in a moment of unimaginable misfortune, as they were dismounting, the powerful current swept little Ranika away, pulling her into a roadside drain. In a desperate and heroic attempt to save her child, Sushma Dahal immediately plunged into the swirling waters after her daughter. The relentless force of the flood, however, proved overwhelming, dragging both mother and daughter approximately two kilometers downstream to the Birauta area. The harrowing scene unfolded rapidly, leaving Kamal Dahal in a state of shock and despair as he witnessed his family being carried away by the unforgiving waters. Upon Kamal Dahal's frantic calls for help, local residents and law enforcement agencies swiftly mobilized for a rescue operation. The search efforts culminated in the discovery of Sushma and Ranika in an unconscious state within a canal at Birauta, Pokhara-17. They were immediately rushed to Gandaki Medical College for urgent medical attention. Despite the valiant efforts of medical personnel, Sushma Dahal succumbed to her injuries on Friday night. Her daughter, Ranika, tragically passed away the following morning, Saturday (Bhadra 13), leaving the community in profound sorrow. This tragic incident serves as a stark reminder of the inherent dangers associated with Nepal's monsoon season, particularly in urban areas where rapid urbanization can exacerbate the impact of heavy rainfall. Inadequate drainage systems, coupled with the sheer volume of water during intense downpours, often lead to flash floods that can turn ordinary streets into perilous waterways. The incident has prompted renewed discussions among local authorities and residents regarding the need for improved urban planning, robust drainage infrastructure, and enhanced public safety awareness campaigns to mitigate such risks in the future. The local administration has expressed its deepest condolences to the grieving family and has assured that all necessary support will be extended during this difficult time. As Pokhara, a city renowned for its natural beauty and vibrant tourism, grapples with this profound loss, the incident underscores the critical importance of preparedness and vigilance during the annual monsoon period, urging both residents and visitors to exercise extreme caution when navigating flood-prone areas.
Nepal Police Issues High Alert as New Lake Burst in Tibetan Region Threatens Trishuli River Basin
Nepal's security agencies have issued a high alert following reports of a new lake burst in the Tibetan Autonomous Region, posing a significant threat to communities and infrastructure along the Trishuli River basin. The Nepal Police recently released an urgent notice, advising all security personnel involved in rescue and relief operations, as well as the general public, to exercise immediate caution and remain vigilant. The Chief District Officer (CDO) of Rasuwa, Narendra Pariyar, confirmed receiving information from the Chinese authorities regarding the lake's breach. "We have received notification from the Chinese side that a dammed lake has burst," CDO Pariyar stated, adding, "Circulars have already been issued to residents in the riverine areas to move to safer locations." This proactive communication underscores the seriousness of the potential impact and the importance of cross-border cooperation in managing transboundary water hazards. The lake, reportedly formed near the confluence of the Chochen Khola and Purepu Tsangpo rivers in Tibet, is a critical concern. These rivers are recognized as upper tributaries within the extensive Trishuli River system, meaning any significant discharge from the burst lake will directly impact downstream areas in Nepal. The Trishuli River is one of Nepal's major waterways, vital for numerous economic activities, including hydropower generation, agriculture, and transportation, with key national highways often running parallel to its course. This incident highlights the inherent vulnerabilities of the Himalayan region to natural disasters, particularly those originating from glacial or landslide-dammed lakes. Such events, often exacerbated by climate change, can lead to devastating flash floods, known as Glacial Lake Outburst Floods (GLOFs) or similar phenomena. The sudden surge of water can cause widespread damage to critical infrastructure like bridges, roads, and operational hydropower projects, disrupting supply chains and local economies. For investors, this development warrants close monitoring. Companies with significant assets or operations in the Trishuli River basin, particularly those in the hydropower, construction, and tourism sectors, could face operational disruptions, project delays, or even physical damage. The potential for economic losses and the need for extensive rehabilitation efforts could impact their financial performance. The government's swift response and coordination with international partners are crucial in mitigating these risks and ensuring the safety of lives and property. Authorities are maintaining continuous vigilance and are prepared to escalate rescue and relief efforts if necessary. The incident serves as a stark reminder of the need for robust early warning systems, comprehensive disaster preparedness plans, and sustained international collaboration to address the complex challenges posed by transboundary river systems and the increasing frequency of extreme weather events in the region.
Nepal Celebrates Gaijatra: A Festival of Remembrance and Social Commentary
Nepal is currently immersed in the vibrant celebrations of Gaijatra, a deeply rooted traditional and cultural festival that spans eight days, commencing from Bhadra Krishna Pratipada and culminating on Ashtami. Today, the Kathmandu Valley, along with numerous other cities across the nation, is abuzz with various programs marking this significant occasion. For investors and observers of Nepal's socio-cultural landscape, understanding such festivals offers valuable insights into the nation's rhythm and its people's enduring traditions. At its core, Gaijatra is a poignant festival of remembrance. It is observed in solemn memory of family members who have passed away within the preceding year. A central ritual involves parading cows, or individuals adorned as cows, through the streets of their respective localities. Devotees offer milk, fruits, bread, beaten rice, yogurt, grains, and monetary donations to these participants. A profound religious belief underpins this practice: it is believed that by circumambulating the city in this manner, the souls of the departed will grasp the tail of a cow and successfully traverse the Vaitarani River, ensuring their peaceful journey to the afterlife. This spiritual dimension highlights the deep cultural values that shape Nepali society. The historical genesis of Gaijatra is equally compelling, tracing back to the Malla dynasty. Legend has it that King Pratap Malla initiated this festival to console his beloved Queen, who was inconsolable after the untimely demise of their son. To demonstrate that grief is a universal human experience, the King commanded his subjects to parade cows in the names of their own deceased family members through the city. When this act alone failed to alleviate the Queen's sorrow, he further decreed the organization of various comedic and satirical performances. This royal decree is widely credited with establishing the enduring tradition of humor and social commentary that remains a hallmark of Gaijatra to this day. This historical narrative underscores the festival's unique blend of solemn remembrance and lighthearted social critique. Even centuries later, the legacy of King Pratap Malla persists, with the traditional Gaijatra procession still passing through the historic Hanuman Dhoka Royal Palace in Kathmandu. While the festival is celebrated in various cities throughout Nepal, its grandeur and special charm are particularly pronounced in the Kathmandu Valley. Beyond the initial processions, the eight-day observance features an array of activities, including farces, satirical displays targeting social anomalies, lively singing and dancing, and the poignant recitation of mournful Ramayana songs in honor of the departed. These diverse expressions reflect the multifaceted nature of the festival. Gaijatra's journey has not been without its challenges. During the Panchayat era, specifically after the royal coup of Poush 1, 2017 BS (1960 AD), the festival faced a ban, primarily due to its inherent satirical elements often directed at political systems. However, its cultural significance proved too strong to suppress. In 2033 BS (1976 AD), the Nepal Royal Academy played a pivotal role in its revival, reintroducing Gaijatra as a grand festival complete with elaborate tableaux and its characteristic humor and satire. This resilience highlights the deep cultural roots of the festival. Today, Gaijatra continues to serve as a vital platform for social commentary. Its humor and satire are not merely for entertainment; they are powerful tools that bring awareness to societal inconsistencies and injustices, encouraging reflection and change. The festival also showcases unique cultural artifacts, such as the ancient samples of rice and paddy from the Satyayuga displayed in Patan, and the exquisitely written books in gold and silver letters exhibited in Thamel, Kathmandu, which are considered particularly noteworthy attractions. In contemporary times, Gaijatra has evolved to publicly expose and address existing anomalies and inconsistencies within society through entertaining and satirical programs. Newspapers and media outlets also actively participate by publishing special humorous and satirical issues that delve into social evils. The festival's reach extends beyond the Kathmandu Valley, with enthusiastic celebrations observed in cities like Banepa, Dhulikhel, Panauti, Barhabise, Trishuli, Dolakha, Khotang, Bhojpur, Chainpur, Ilam, Dharan, Biratnagar, Birgunj, Hetauda, and Pokhara, particularly where the Newar community has a significant presence. This widespread observance underscores its national importance. Comedians and artists also seize this occasion to organize special performances, further enriching the festival's vibrant tapestry. Gaijatra, therefore, stands as a testament to Nepal's rich cultural heritage, blending solemn remembrance with a lively spirit of social critique and community engagement.
NEPSE Dips by 2.35% This Week Amidst Broad Market Correction and Reduced Turnover
The Nepal Stock Exchange (NEPSE) concluded the trading week with a notable decline, shedding approximately 2.35% of its value. Starting the week at 2618.72 points, the benchmark index closed at 2557.31 points, marking a decrease of 61.41 points. This downturn was consistent throughout the four trading days of the week, with the index closing lower on each occasion, signaling a pervasive bearish sentiment across the market. Beyond the headline index, other key indicators also reflected the market's subdued performance. The Float Index, which tracks the performance of freely tradable shares, saw a decline of 10.24 points. Similarly, the Sensitive Index, representing the performance of 'A' class companies, dropped by 4.50 points, while the Sensitive Float Index decreased by 3.73 points. These movements collectively underscore a broad-based correction affecting various segments of the Nepali equity market, indicating that the selling pressure was not confined to a few large-cap stocks but rather spread across the broader market. The week's trading activity also saw a significant reduction in market liquidity. The average daily turnover plummeted by 11.48% compared to the previous week, settling at NPR 3.97 billion, down from NPR 4.49 billion. This decrease in trading volume, coupled with a 4.68% reduction in the average daily number of shares traded, suggests a cautious approach from investors, possibly due to profit-booking or a lack of strong buying interest amidst prevailing uncertainties. Interestingly, the average daily transaction count slightly increased by 1.79%, indicating that while individual transaction sizes might have been smaller, more participants were engaging in trades, perhaps reflecting a higher frequency of smaller buy/sell orders or increased retail participation in a volatile market. The overall market capitalization of NEPSE-listed companies also mirrored the index's decline, shrinking by approximately 2.5%. From NPR 45.04 trillion at the close of the previous week, the total market value contracted by NPR 105 billion, settling at NPR 43.98 trillion. This reduction in market wealth highlights the impact of the week's bearish trend on investor portfolios and the overall valuation of the Nepali stock market. An analysis of the thirteen sub-groups revealed a widespread decline, with only one sector managing to post gains. The Manufacturing and Processing sub-group emerged as the sole gainer, increasing by 0.55% (57.45 points) to close at 10412.01 points. This resilience in the manufacturing sector could be attributed to specific company performances, positive industry outlooks, or perhaps defensive buying by investors seeking stability. In stark contrast, the Non-Life Insurance sector experienced the steepest decline, plummeting by 6.58% (685.36 points) to 9733.78 points. This significant drop suggests potential concerns within the sector, a major sell-off by institutional investors, or profit-booking after previous gains. Other notable losers included the Mutual Fund and Hydropower sub-groups, both of which saw their indices fall by approximately 5%. The hydropower sector, in particular, has been under pressure recently, possibly due to regulatory changes, project delays, or broader investor sentiment towards high-beta stocks that tend to be more volatile. In terms of individual stock performance, the week saw the listing of 8,505,749.19 units of bonus shares from two companies: Chilime Hydropower Company and Prabhu Insurance. This influx of new shares can sometimes exert downward pressure on prices, especially if investors immediately sell their bonus entitlements. Among the top performers, Sarbottam Paints continued its impressive run, surging by 74.87% to close at NPR 1,394.80. CYC Laghubitta Bittiya Sanstha also posted strong gains, increasing by approximately 10%. Conversely, Rasuwagadhi Hydropower Company was the biggest loser, with its share price dropping by 24.47%. Mailung Khola Jalvidhyut Company and Trishuli Jalvidhyut Company also faced significant selling pressure, declining by approximately 23.5% and 22%, respectively. These sharp declines in hydropower stocks further underscore the sector's vulnerability during this period of market correction. A review of floor sheet data, which tracks popular buy and sell activities, indicated that Soaltee Hotel, Sarbottam Paints, and Upper Syange Hydropower were among the most actively bought stocks. This suggests sustained investor interest in these particular companies, possibly driven by fundamental strength, growth prospects, or speculative buying. On the selling side, Makar Jitumaya Suri Hydropower, Pure Energy, and Mithila Laghubitta Bittiya Sanstha saw the highest selling interest. These insights can provide a glimpse into short-term investor sentiment and preferred trading counters, highlighting areas where investors are either taking profits or reducing exposure. Looking ahead, the Nepali capital market is entering a crucial period as listed companies begin to announce and distribute dividends from their earnings in the last fiscal year. While some companies have already declared their returns, many more are expected to follow suit. Investors are eagerly awaiting these announcements, which could potentially inject renewed optimism and liquidity into the market, especially if dividend yields prove attractive. Despite the recent market correction, the upcoming dividend season could serve as a significant catalyst, influencing investor decisions and potentially shaping the market's trajectory in the coming weeks, offering a glimmer of hope amidst the current bearish sentiment.
Nepal Ramps Up Rescue Operations, Safely Evacuates 121 Foreign Tourists Amidst Bhote Koshi and Trishuli Flood Devastation
Nepal is currently grappling with the aftermath of severe floods in the Bhote Koshi and Trishuli river basins, which have wreaked havoc across the districts of Rasuwa, Nuwakot, Dhading, and Gorkha. In a testament to the nation's swift response and coordinated efforts, 121 foreign tourists have been safely rescued from these affected regions so far. This ongoing crisis, which began on Wednesday, Bhadra 10 (Nepali calendar), has prompted an extensive and multi-agency rescue operation, underscoring Nepal's commitment to the safety and well-being of its visitors. The Nepal Tourism Board (NTB), in its latest situation report (Update-6), has provided a comprehensive overview of the rescue efforts. The Ministry of Culture, Tourism and Civil Aviation, in collaboration with the NTB, Tourist Police, and various other stakeholders from the tourism sector, has been relentlessly working to ascertain the safety of tourists caught in the disaster. Their concerted actions have been crucial in navigating the challenging terrain and ensuring timely assistance to those in distress. Rescue operations have been significantly intensified to reach both stranded and injured tourists, as well as local citizens affected by the floods. As of Friday afternoon at 3:30 PM, the breakdown of the 121 foreign nationals successfully evacuated reveals a diverse group. Among them, 85 were Indian citizens, 16 Chinese, and 9 South Korean. Additionally, the rescued individuals include two each from the United States, Russia, and Italy, along with one each from Bulgaria and Switzerland. The nationalities of three individuals are yet to be determined, highlighting the dynamic and often chaotic nature of such large-scale rescue missions. The devastating floods have not only caused immediate disruption but also posed significant challenges to the region's infrastructure and local communities. The Bhote Koshi and Trishuli rivers are vital arteries, and their sudden surge has led to widespread damage, impacting transportation networks and communication lines. Despite these formidable obstacles, the dedication of rescue teams has remained unwavering, demonstrating remarkable resilience and professionalism. Recognizing the critical need for immediate assistance, the Nepal Tourism Board has proactively publicized emergency helpline numbers for tourists who may be stranded or require aid in the flood-affected areas. These crucial contact points include a toll-free number 1234, a dedicated hotline number 1144, and the Tourist Police mobile number 9851289445. These helplines serve as lifelines, connecting those in peril with the resources and support they desperately need. The tourism sector is a cornerstone of Nepal's economy, contributing significantly to its GDP and providing livelihoods for countless individuals. Events like the Bhote Koshi and Trishuli floods, while tragic, underscore the inherent risks associated with natural disasters in a geographically diverse country like Nepal. However, they also highlight the nation's robust emergency response mechanisms and its unwavering commitment to protecting its visitors. The swift and coordinated rescue of over a hundred foreign nationals sends a strong message about Nepal's preparedness and its dedication to maintaining its reputation as a safe and welcoming destination. As search and rescue operations continue, the focus remains on ensuring that no individual is left behind. The long-term recovery efforts will involve rebuilding damaged infrastructure, supporting affected communities, and reinforcing disaster preparedness measures. The international community's support and understanding during this challenging period will be vital as Nepal works towards full recovery and continues to welcome tourists to its breathtaking landscapes. This incident, while unfortunate, serves as a stark reminder of nature's power and the collective human spirit to overcome adversity.
Nepal's Cabinet Unveils Key Decisions: Flood Relief, Agricultural Support, and Fiscal Responsibility
In a pivotal cabinet meeting held on Bhadra 12, 2083 (August 28, 2026), the Government of Nepal announced a series of crucial decisions aimed at addressing immediate national challenges, particularly the aftermath of devastating floods, while also bolstering the agricultural sector. These decisions underscore the government's commitment to disaster response, economic stability, and food security, sending clear signals to both citizens and investors about its proactive governance. One of the most significant directives issued by the cabinet was to the Ministry of Finance, tasking it with the immediate preparation of a comprehensive relief and rehabilitation package. This 'Business Recovery Package' is specifically designed to support individuals and commercial organizations severely impacted by the catastrophic floods that struck the Nepal-China border region of Rasuwagadhi and the Bhote Koshi River, along with its downstream areas, on Bhadra 10, 2083. The floods caused extensive damage to infrastructure, livelihoods, and businesses, necessitating urgent governmental intervention. This package is expected to include various forms of financial assistance, subsidies, and other facilitations to help affected communities and enterprises rebuild and recover. For investors, this move signals the government's dedication to mitigating economic disruptions caused by natural disasters, potentially safeguarding investments in affected regions and fostering a more resilient business environment. Further demonstrating its commitment to national development, the cabinet granted theoretical approval to the Agricultural Inputs Company Limited for the procurement of 25,000 metric tons of Diammonium Phosphate (DAP) fertilizer. This vital agricultural input will be acquired through a Government-to-Government (G2G) purchasing mechanism from the Government of India. This strategic decision is critical for Nepal's predominantly agrarian economy, ensuring a timely and adequate supply of essential fertilizers to farmers. Such procurement helps prevent potential shortages, stabilizes agricultural production, and ultimately contributes to national food security. A consistent supply of fertilizers is paramount for maintaining crop yields, supporting farmers' incomes, and controlling food inflation, all of which are crucial for overall economic stability and investor confidence in the agricultural sector. In a powerful gesture of solidarity and fiscal responsibility, the cabinet also decided that the Prime Minister and all cabinet members would donate one month of their salary and remuneration to the Prime Minister's Disaster Relief Fund. This decision, directly aimed at aiding those affected by the Bhote Koshi and Rasuwagadhi floods, highlights the government's empathy and commitment to contributing personally to national relief efforts. Beyond the financial contribution, which will bolster the fund's capacity to provide immediate assistance, this act serves as a strong symbolic message to the public, encouraging broader participation in disaster relief and fostering a sense of collective responsibility. Such leadership can enhance public trust and demonstrate a unified approach to national crises, which is a positive indicator for overall governance and stability. Collectively, these cabinet decisions reflect a government actively engaged in addressing both immediate humanitarian crises and long-term economic imperatives. By focusing on disaster relief, agricultural support, and demonstrating fiscal commitment, Nepal's leadership aims to stabilize affected regions, strengthen critical economic sectors, and reinforce public confidence. These measures are vital for fostering a resilient economy capable of navigating challenges and attracting sustained investment, both domestically and internationally.
Prithvi Highway Nears Full Reopening, Signaling Economic Relief and Renewed Connectivity
The Prithvi Highway, a vital artery connecting Nepal's capital Kathmandu to the western and central regions of the country, is on the verge of full restoration following days of relentless rainfall, devastating floods, and widespread landslides. This critical infrastructure, which serves as a lifeline for trade, tourism, and daily commutes, has seen its various sections gradually reopen, with authorities now in the final stages of clearing the remaining obstructions. The imminent full resumption of traffic is poised to bring significant economic relief and restore seamless connectivity across the nation. For days, the highway's closure had severely disrupted supply chains, impacted businesses reliant on timely transportation of goods, and stranded countless travelers. The economic repercussions of such prolonged disruptions are substantial, affecting everything from agricultural produce reaching markets to the flow of essential commodities and tourist traffic. The Prithvi Highway is not merely a road; it is a crucial economic corridor that underpins a significant portion of Nepal's internal trade and tourism industry. Its obstruction meant higher transportation costs, delays, and a palpable slowdown in economic activity in affected regions. According to the latest reports, significant progress has been made in clearing the extensive debris and landslides that had rendered parts of the highway impassable. The Galchhi-Baireni section, a key stretch, has already been operational for one-way traffic since yesterday evening, allowing a gradual resumption of vehicle movement. Similarly, the Jarikhet section, which suffered severe damage including a washed-away bridge and extensive road coverage by floodwaters, has also seen traffic resume after intensive clearing operations. These partial reopenings have provided a much-needed respite, but the full impact will only be felt once the entire highway is accessible. The remaining work is concentrated in a few critical areas within the Malekhu region, specifically around Pokhari, Bange, and Galaudi. Here, approximately 700 meters of the road section are still covered in accumulated debris, requiring concerted efforts from road crews and heavy machinery. The Department of Roads, in collaboration with other relevant agencies, is working tirelessly, estimating that these final obstructions will be cleared by this evening. This rapid deployment and efficient coordination highlight the government's commitment to restoring normalcy and mitigating the economic fallout of the natural disaster. The full reopening of the Prithvi Highway will not only facilitate the smooth flow of goods and people but also inject renewed confidence into the affected local economies. Businesses that faced inventory shortages or delivery delays can now anticipate a return to regular operations. Tourists, both domestic and international, will once again have reliable access to popular destinations, boosting the hospitality and travel sectors. This restoration is a testament to the resilience of Nepal's infrastructure and the dedication of its workforce in the face of natural calamities. While the immediate focus is on full restoration, authorities are also urging travelers to exercise utmost caution and adhere to traffic regulations in the newly cleared sections. The recent events underscore the vulnerability of mountainous terrain to heavy rainfall and the critical need for robust infrastructure planning and maintenance. Looking ahead, there will undoubtedly be discussions on enhancing the highway's resilience against future natural disasters, perhaps through improved drainage systems, slope stabilization, and alternative routes to ensure uninterrupted connectivity. The complete reopening of the Prithvi Highway marks a significant step towards recovery and reinforces the nation's commitment to maintaining its vital economic lifelines.
Sanima Bank Limited Proposes 10% Cash Dividend for FY 2082/83
Sanima Bank Limited (SANIMA) has proposed a 10% cash dividend for the fiscal year 2082/83. The meeting of the Board of Directors (BODs) had decided to distribute a 10% cash dividend (including tax) worth RS. 1.35 Arba. The paid-up capital of the company stands at Rs. 13.58 Arba. This decision is subject to approval from the NRB, after which it will be endorsed at the AGM of the bank. Dividend History:
Janai Purnima: Unraveling the Sacred Thread of Tradition, Spirituality, and Well-being
Janai Purnima, an auspicious Hindu festival celebrated with profound reverence across Nepal, marks a significant cultural and spiritual event. This annual observance, also known as Rishitarpani, is primarily dedicated to the sacred thread ceremony, where devotees consecrate new threads (Janai or Yagyopavit) and replace their old ones, reaffirming their commitment to spiritual discipline and ancestral traditions. The festival is a poignant reminder of the ancient Vedic heritage and the profound wisdom embedded within its rituals. At its core, Janai Purnima revolves around the wearing of the Janai, a sacred cotton thread. This ritual is typically observed by individuals who have undergone the Upanayan Sanskar, a significant rite of passage in Hinduism that initiates one into spiritual learning and a life bound by vows. The Janai is traditionally worn over the left shoulder and under the right arm, symbolizing a continuous connection to the divine, particularly Brahma, the creator. Far from being a mere decorative accessory, the Janai is considered a "Yagyopavit," literally meaning "that which is worn for Yagya" (sacred fire ritual). It is also referred to as "Brahmasutra," the thread of Brahma, signifying its role in linking the wearer to the ultimate reality and divine knowledge. The construction of the Janai itself is steeped in meticulous ritual and symbolism. It is not an ordinary thread but a specially prepared one, consecrated with powerful Vedic mantras, invoking divine presence. The process involves taking a spun cotton thread, measuring it to 96 anguls (a traditional unit of length), wrapping it 96 times around four fingers of the right hand, and forming three distinct strands. These three strands are then braided together, tripled again, and finally united with a sacred knot known as the Brahmagranthi, accompanied by the chanting of the Pranava mantra (Om). The number 96 holds profound significance, representing the revered Vedamata Gayatri and the potent Gayatri Mantra, a cornerstone of Vedic spirituality. The three strands of the Janai are rich in symbolic meaning, representing the Hindu trinity of Brahma (the creator), Vishnu (the preserver), and Mahesh (Shiva, the destroyer). They also embody the three Gunas (qualities) of existence: Satva (goodness, purity), Rajo (passion, activity), and Tamo (ignorance, inertia). Furthermore, these strands are believed to encapsulate three elements, three situations, and three fundamental natures, reflecting the intricate interconnectedness of the cosmos and the human experience. The origin of the Janai tradition is often traced back to ancient legends. It is believed that in ancient times, during the month of Shrawan, great sages would travel to villages and towns, imparting wisdom and fostering love, harmony, and camaraderie among people. On Shrawani, or Janai Purnima, these sages would perform grand Yagyas, inviting householders to participate. Devotees, with immense faith, would receive Guru Mantras from the sages, pledging to live a life guided by truth, love, and harmony. In return, the sages would tie a Raksha Sutra (protection thread) on their wrists and adorn them with the Janai annually, serving as a constant reminder of their sacred vows. The chanting of specific mantras, such as "Yenabaddho Bali Raja..." for the Raksha Sutra and "Yagyopavitam Paramam Pavitram..." for the Janai, accompanies these rituals, invoking blessings for truthfulness and a prosperous life. Beyond its profound religious and cultural significance, the Janai is also associated with traditional beliefs regarding well-being. Proponents suggest that wearing the Janai can subtly activate the body's delicate nervous system, contributing to its overall balance. Similarly, the Raksha Bandhan tied on the wrist is believed to help regulate blood pressure and other physiological processes through its interaction with the pulse. A particularly interesting tradition involves placing the Janai over the right ear, a practice mentioned in Hindu scriptures. This is believed to awaken the Surya Nadi (solar channel), which is traditionally associated with alleviating stomach-related ailments and blood pressure issues. Furthermore, wearing the Janai is thought to help control the body's subtle energy flows, aiding in the regulation of emotions like anger and desire. It is widely believed to instill a sense of purity and sanctity, guiding the mind away from negative thoughts and actions, thereby fostering a disciplined and virtuous life. In conclusion, Janai Purnima is more than just a festival; it is a vibrant tapestry woven with threads of ancient wisdom, spiritual commitment, and cultural identity. For investors and observers of Nepali society, understanding such deeply rooted traditions offers valuable insight into the cultural fabric that shapes daily life, community values, and even the broader economic landscape, where cultural events often drive local commerce and tourism. It underscores the enduring power of tradition in a rapidly modernizing world, reminding us of the spiritual foundations that continue to influence millions.
From Cultural Tradition to Billion-Rupee Business: The Economic Evolution of Kwati on Janai Purnima
Nepal's rich tapestry of traditions offers a unique blend of cultural practices, health benefits, and burgeoning economic opportunities. One such example is Kwati, a special sprouted mixed bean soup traditionally consumed on Saun Shukla Purnima, widely known as Janai Purnima or Gunpunhi. While deeply rooted in Newar community traditions, this nutritious dish has transcended its cultural origins to become a nationwide culinary phenomenon, now driving a multi-billion rupee market. The term 'Kwati' itself holds cultural significance, with 'Kwa' meaning hot and 'Ti' referring to soup or broth in Nepal Bhasa. This hearty soup is prepared from nine different types of sprouted legumes, typically including chickpeas, green peas, black gram, mung beans, cowpeas, kidney beans, soybeans, horse gram, and broad beans. The practice of consuming Kwati is not merely a culinary delight but a profound confluence of Nepali culture, health, and an ancient agricultural lifestyle, with its origins believed to trace back to the Malla period or even earlier agricultural societies of the Kathmandu Valley. Historically, the consumption of Kwati is intrinsically linked to the agricultural cycle. During the monsoon months of Ashar and Saun, farmers engage in strenuous paddy transplantation, often working long hours in waterlogged fields. This intense labor, coupled with the damp and cold weather, can lead to a depletion of energy and a susceptibility to seasonal ailments. By Janai Purnima, the main transplantation activities conclude. Kwati emerged as a warm, nutritious, and energy-boosting meal designed to rejuvenate the body, restore strength, and provide internal warmth, thereby safeguarding against the cold and fatigue of the monsoon season. The process involves soaking the nine types of legumes for 4-5 days until they sprout, a method that significantly enhances their nutritional profile, multiplying their vitamin and protein content. Beyond its cultural and historical roots, Kwati is a powerhouse of nutrition. Sprouting the legumes doubles their vitamin B, C, and protein content. This process also makes the beans easier to digest, preventing common issues like gastric discomfort often associated with unsprouted legumes. Furthermore, when cooked with warming spices like ajwain (carom seeds) and black pepper, the hot broth acts as a natural remedy, protecting against cold-related illnesses and rheumatic pains prevalent during the rainy season. The abundant fiber and antioxidants found in Kwati also play a crucial role in boosting immunity, making it an ideal dietary inclusion for overall well-being. What was once a household preparation, requiring days of soaking and sprouting, has now transformed into a significant commercial enterprise. The rapid pace of modern life, urbanization, and busy schedules have propelled Kwati into the commercial mainstream. Weeks before Janai Purnima, grocery stores, supermarkets, and online platforms are flooded with pre-packaged mixtures of the nine legumes. Moreover, local markets and vegetable mandis, particularly in areas like Ason and Indrachowk in the Kathmandu Valley, witness exceptionally high demand for ready-to-eat, pre-sprouted Kwati, catering to consumers who prefer convenience without compromising tradition. The economic footprint of Kwati during the Janai Purnima season is substantial. Hundreds of tons of legumes are consumed across Nepal during this festive period. The trade volume for Kwati and its constituent legumes alone reaches billions of rupees annually, underscoring its significant contribution to the local economy. However, this burgeoning demand also highlights a critical challenge: Nepal's heavy reliance on imports. A substantial portion of the legumes used in Kwati, such as chickpeas, kidney beans, and cowpeas, are imported from countries like India, Canada, and Australia. This dependence on foreign markets presents a compelling case for boosting domestic legume production to ensure food security and retain economic value within the country. Interestingly, Kwati, once a distinct culinary identity of the Newar community in the Kathmandu Valley, has now evolved into a nationwide food culture. The Nepal Tourism Board itself acknowledges Janai Purnima as a national festival, specifically mentioning Kwati as a special dish of the Newar community, yet its consumption has spread far beyond. This cultural diffusion has been a key driver in its commercialization, transforming Kwati from a niche cultural delicacy into a widely marketable food product. From an agricultural perspective, Kwati is not a single crop but a blend of various pulses and legumes. Nepal's Ministry of Agriculture and Livestock Development data indicates that annual pulse production fluctuates, typically ranging from 340,000 to 380,000 metric tons. While the Terai and Inner Madhesh regions are major producers of chickpeas, black gram, green peas, and mung beans, the hilly and high-Himalayan regions contribute significantly to kidney beans, cowpeas, broad beans, and horse gram. Indigenous varieties like horse gram and local hill beans largely meet domestic demand for Kwati. However, domestic production of pulses and legumes only covers less than half of the total national demand, necessitating substantial imports. Customs Department data reveals that Nepal imports approximately NPR 10 billion to NPR 13 billion worth of various legumes annually, amounting to about 200,000 to 250,000 metric tons. India remains the largest source, followed by Canada (for peas and kidney beans), Australia (for chickpeas), Russia, Myanmar, and Brazil. The journey of Kwati from a traditional Newar dish to a national economic driver exemplifies the dynamic interplay between culture, health, and commerce. For investors, this trend signals potential opportunities in enhancing local legume cultivation, developing value-added Kwati products, and streamlining supply chains to reduce import dependence. As Nepal continues to embrace its rich heritage while navigating modern economic realities, Kwati stands as a testament to the enduring power of tradition to fuel economic growth and foster national identity.
New Flood Surge in Bhote Koshi Triggers High Alert Across Trishuli River Basin
Nepal's northern region is once again grappling with the immediate threat of devastating floods, as a significant surge in water levels was reported in the Bhote Koshi River in Rasuwa district. On Friday, Bhadra 12 (August 28), midday, the water level originating from China's Tibet side experienced a substantial increase, with floodwaters reaching Syaphrubesi. This alarming development has prompted the Flood Forecasting Division to issue a high alert for the entire Trishuli River basin, extending its warning up to Muglin, and implicitly, to areas further downstream towards Chitwan, as indicated by the initial alert. According to the Flood Forecasting Division, at 12:31 PM on Bhadra 12, an urgent advisory was disseminated, stating, "As the flood in the Bhote Koshi River in Rasuwa is increasing and has reached Syaphrubesi, residents in the Trishuli River basin (up to Muglin) are requested to remain in a safe place with high alert until further notice." This directive underscores the critical need for immediate evacuation and heightened vigilance among communities residing along the riverbanks. The root cause of this latest surge has been identified by the Nepal Police: the bursting of a natural lake formed by the Lhendi Khola in Tibet. This lake had accumulated a large volume of water following a severe flood event that occurred just two days prior, on Bhadra 10 (August 26). The sudden release of this impounded water has exacerbated the already precarious situation in the region, which has been reeling from a series of flood-related incidents. For investors and businesses with stakes in Nepal's infrastructure, tourism, and hydropower sectors, these recurring flood events in critical regions like Rasuwa and the Trishuli basin present significant concerns. Rasuwa, a key transit point for trade with China and home to several hydropower projects, is particularly vulnerable. The repeated disruption of road networks, damage to power infrastructure, and the potential impact on cross-border trade routes can lead to substantial economic losses and delays in project timelines. While the immediate focus remains on human safety and disaster response, the long-term implications for regional development and economic stability cannot be overlooked. The continuous monitoring and timely dissemination of information by agencies like the Flood Forecasting Division are crucial for mitigating the impact of such natural disasters. However, the frequency and intensity of these events highlight the urgent need for robust disaster preparedness mechanisms, resilient infrastructure development, and comprehensive risk assessment strategies. Companies operating in these high-risk zones must integrate climate resilience into their business models, considering potential disruptions to supply chains, operational continuity, and workforce safety. The government, in collaboration with international partners, will likely need to allocate significant resources towards reconstruction and preventative measures, which could influence national budgetary allocations and investment priorities. This ongoing natural calamity serves as a stark reminder of the environmental challenges facing Nepal and their profound economic ramifications.
Nepal Electricity Authority Ramps Up Rescue Efforts for Hydropower Personnel Amidst Devastating Floods
Nepal's vital hydropower sector is currently facing an unprecedented challenge as devastating floods and landslides have severely impacted numerous projects, leaving employees and laborers stranded in remote and perilous locations. In response to this escalating crisis, the Nepal Electricity Authority (NEA) has significantly intensified its rescue operations, demonstrating a robust commitment to the safety and well-being of its workforce. Today, the NEA dispatched additional helicopters and critical supplies from Kathmandu, bolstering the ongoing efforts to safely evacuate personnel trapped in the flood-affected regions. This swift action underscores the urgency and gravity of the situation, particularly in districts like Nuwakot and Rasuwa, which host several crucial hydropower facilities. Employees and laborers working on these projects are at heightened risk, necessitating immediate and coordinated intervention. According to NEA officials, a specialized team, fully equipped with essential tools, relief materials, and skilled personnel, has already been deployed to the affected areas. The Authority is operating these rescue missions in close coordination with national security forces and other relevant government agencies, ensuring strict adherence to safety protocols to mitigate further risks. A primary objective of these operations is the swift relocation of personnel, including those in the Shanti Bazar area, to secure locations, prioritizing human life above all else. The Nepal Electricity Authority has unequivocally stated that the safety and rescue of its project personnel remain its paramount concern during this national calamity. The continuous operation and maintenance of hydropower projects are fundamental to Nepal's energy security and economic stability. Disruptions to these vital installations, whether due to infrastructure damage or the unavailability of staff, can have far-reaching consequences for the national grid and the broader economy. Therefore, NEA's proactive measures are not just humanitarian but also strategic, aiming to safeguard the backbone of the nation's energy supply. The Authority has pledged to continue and expand its relief and rescue programs as the situation evolves, adapting to the dynamic challenges posed by the natural disaster. This commitment reflects a deep understanding of the critical role its employees play in maintaining the country's power infrastructure, often in challenging environments. In addition to its operational efforts, the NEA has also issued a public appeal, urging all stakeholders and the general public to maintain patience and restraint during this difficult period. Recognizing the potential for misinformation during crises, the Authority has specifically requested individuals to rely solely on official communications from authorized bodies and to disregard unauthorized rumors circulating on social media. This call for responsible information dissemination is crucial for ensuring public order and facilitating effective disaster response. For investors, particularly those with stakes in Nepal's burgeoning energy sector, the NEA's decisive actions provide a crucial indicator of the resilience and operational integrity of the nation's power infrastructure. While the immediate focus is on humanitarian aid, the long-term implications for project timelines, operational costs, and energy supply stability are significant. The ability of key institutions like the NEA to respond effectively to such crises is vital for maintaining investor confidence and ensuring the sustained growth of Nepal's energy market. The ongoing efforts highlight the inherent risks associated with infrastructure development in geographically challenging regions but also showcase the robust response mechanisms in place to mitigate these challenges.
NEPSE Observes Janai Purnima Holiday, Trading Halted Until Monday
Kathmandu, Nepal – The Nepal Stock Exchange (NEPSE) will observe a public holiday today, Friday, August 28, 2026, in solemn observance of Janai Purnima, a significant Hindu festival. This closure, mandated by a government announcement, means that all trading activities on the nation's sole stock market will be halted for the day. Investors and market participants should note that with the holiday falling on a Friday, the market will effectively remain closed for the entire weekend, with regular trading scheduled to resume on Monday, August 31, 2026. Janai Purnima, also widely known as Raksha Bandhan, is a deeply revered festival celebrated across Nepal and parts of India. It symbolizes purity, protection, and the sacred bond between individuals. During this auspicious day, Hindu men, particularly Brahmins and Chhetris, renew their 'janai' – a sacred cotton thread worn across the chest – signifying a commitment to truth and righteousness. Simultaneously, sisters tie 'rakhi' threads around their brothers' wrists, a gesture of love and a prayer for their well-being, with brothers in turn pledging protection. The cultural significance of such festivals often leads to nationwide public holidays, allowing citizens to participate in religious rites and family gatherings. For the financial markets, such holidays translate into a temporary pause in the dynamic world of stock trading. During this period, no shares can be bought or sold, no new orders can be placed, and the indices will remain static. This provides a brief respite for investors, offering a moment to reflect on their portfolios without the daily fluctuations of the market. However, it also means that any urgent transactions or strategic moves will have to wait until the market reopens. Seasoned investors often factor these scheduled closures into their trading strategies, anticipating potential pre-holiday activity or post-holiday market adjustments. The operational calendar of NEPSE, like many stock exchanges globally, is intrinsically linked to national holidays. These closures are crucial for maintaining market integrity and ensuring that all participants have equal access to trading opportunities, preventing any unfair advantages that might arise from staggered holiday observances. While the market is closed, back-office operations, data processing, and regulatory compliance teams often utilize this time for maintenance and upgrades, ensuring a smooth return to trading. As NEPSE prepares to reopen its doors on Monday, August 31, 2026, investors will be keen to observe how the market reacts after the brief hiatus. The period leading up to and immediately following a holiday can sometimes see shifts in trading volumes and price movements as pent-up demand or supply is released. Market participants are advised to stay informed about any domestic or international news developments during the holiday period that might influence market sentiment upon reopening. This scheduled closure for Janai Purnima underscores the blend of cultural tradition and modern financial operations in Nepal. While the nation celebrates its rich heritage, the financial sector ensures transparency and predictability in its operational schedule. Investors are encouraged to use this non-trading day to review their investment goals and prepare for the resumption of active trading next week.
US President Trump Commits Aid to Nepal Following Devastating Bhote Koshi Floods
In a significant development for Nepal, United States President Donald Trump has publicly committed to providing comprehensive assistance to the Himalayan nation in the wake of the devastating Bhote Koshi floods. The pledge, reported by American news agency NBC News, was made during a press interaction at the White House following a ceremony where President Trump signed an executive order concerning the renaming of Lake Ontario. President Trump conveyed America's readiness to extend any necessary support, stating, “America is ready to provide whatever assistance Nepal needs.” He further elaborated that this commitment comes after he received detailed information from Nepali officials regarding the extensive damage inflicted by the Bhote Koshi floods, underscoring the urgency and severity of the situation. The Bhote Koshi floods, which have wreaked havoc in various parts of Nepal, particularly in the northern regions, have caused widespread destruction to critical infrastructure, including roads, bridges, and hydropower projects. The catastrophic events have not only disrupted daily life but have also severely impacted local economies, displaced communities, and posed significant challenges to the nation's recovery efforts. The scale of the disaster necessitates robust international support to facilitate rehabilitation and reconstruction. This commitment from the United States President holds substantial weight, given the long-standing diplomatic and developmental ties between the two nations. The U.S. has historically been a key partner in Nepal's development journey, providing aid across various sectors, including health, education, governance, and disaster response. Such high-level assurances during times of crisis are crucial for bolstering Nepal's resilience and capacity to respond effectively to natural calamities. For investors monitoring Nepal's economic landscape, international aid commitments like this are vital indicators of stability and recovery potential. While not directly impacting the stock market, a stable and supported national economy, especially during post-disaster phases, creates a more predictable and favorable environment for both domestic and foreign investment. The rebuilding efforts, often supported by foreign aid, can also stimulate economic activity in construction, logistics, and related sectors, indirectly contributing to overall economic growth. Furthermore, the timely provision of aid can help mitigate the broader economic shocks associated with natural disasters, preventing prolonged downturns and ensuring that the government can focus its resources on long-term development rather than immediate crisis management. President Trump's pledge signifies a renewed focus on international cooperation in disaster relief, offering a beacon of hope for the affected regions and reinforcing the global community's solidarity with Nepal as it navigates this challenging period.
Eyewitness Account: The Catastrophic Rasuwagadhi Flood and a Customs Officer's Miraculous Survival
The morning of Wednesday, [Date], began like any other workday for Karbir Gaire, a customs officer stationed at the Timure Customs Office in Rasuwa. Arriving at his office by 7:30 AM, Gaire was engrossed in his duties, unaware that in mere minutes, a natural calamity of unprecedented scale would forever alter his life and the very landscape of Timure. At precisely 8:46 AM, Gaire's computer began to vibrate violently. His initial thought was an earthquake, a common occurrence in the seismically active region. However, as he rushed out to seek safety, a glance towards the north, in the direction of China, revealed a sight that froze him in terror. "I looked north and saw a flood roaring down like a tsunami," Gaire recounted, his voice still tinged with the horror of the memory. He described the water level as an astonishing 100 meters above the riverbed, a stark contrast to previous floods which typically rose about 20 meters. This was not merely a flood; it was a wall of water, mud, and debris, moving with unimaginable force. With barely seconds to react, Gaire instinctively screamed a warning to his colleagues: "The flood is here, run!" In the frantic scramble for survival, he turned back after just ten seconds to witness the entire area enveloped in a dense fog of dust and mist, obscuring everything. The speed and destructive power of the deluge were such that the very existence of Timure Bazaar, a bustling commercial hub, was instantly threatened. Gaire estimates that out of approximately 200 households in Timure, located in Gosaikunda Rural Municipality-2, between 40 to 50 multi-story concrete houses were completely obliterated. The physical devastation extended far beyond residential structures. Key government installations, including the main customs office, the plant quarantine office, and the area police post, were swept away without a trace. "Apart from the Armed Police Force's Border Outpost located on the upper reaches of the hill, no other structures in the lower areas remained," Gaire stated, painting a grim picture of widespread destruction. Even a local school, a beacon of community, was utterly ravaged by the torrent. The timing of the disaster was particularly tragic, as the Timure and Rasuwagadhi areas were densely populated. Gaire estimates that over 2,000 individuals were present, including customs agents, daily wage laborers, hotel operators, workers engaged in the Rasuwagadhi-Syafrubesi road section, and a significant number of Mansarovar pilgrims. "There were around 400 to 500 pilgrims and approximately 150 cargo containers and electric vehicles in the area," he added. The window for survival was brutally narrow: "Only those who managed to climb about 20 meters uphill within a short span of 10-15 seconds were able to survive. Many others are still missing." A critical aspect highlighted by Gaire was the complete lack of prior warning from the Chinese side. In previous years, Chinese authorities would typically issue alerts regarding potential floods. However, this time, the flood arrived without any notification. "This time, the flood came before any information could be relayed," Gaire explained to News Agency Nepal. He speculated that the destruction of gates and structures on the Chinese side might have caught them by surprise, preventing them from issuing timely warnings. It is understood that China also suffered significant damage, with their personnel similarly affected. Gaire and his team, having narrowly escaped the jaws of death by clinging to higher ground, eventually made their way three kilometers uphill to Khairi in search of safety. He attributes their survival to the floodwaters hitting a wall and receding, granting them a precious few moments. By 2:30 PM, a Nepali Army helicopter airlifted them to Trishuli, where they received initial medical checks. They finally reached Kathmandu at 9:30 PM the same night, where they were met by the Finance Minister, Finance Secretary, and Director General of Customs at the Customs Department, who offered words of comfort and support. The emotional toll of the disaster is profound. "Friends I worked with just yesterday and the market I saw vanished in an instant. Life has no certainty; we have returned with a new life," Gaire expressed, his voice heavy with emotion. The search and rescue operations are ongoing, but the challenging geographical terrain and severed road networks are severely hampering efforts. The immense physical and human loss in the Rasuwagadhi area marks one of the most tragic events in Nepal's customs history, underscoring the devastating power of nature and the fragility of human life and infrastructure in its path. This catastrophic event serves as a stark reminder of the urgent need for robust disaster preparedness and early warning systems, especially in vulnerable border regions critical for trade and tourism.
Supreme Court Clears Path for Nepali Congress General Convention, Denies Interim Order
The Supreme Court of Nepal has delivered a significant ruling, rejecting an interim order that sought to halt the 15th General Convention of the Nepali Congress. This decision effectively clears the path for the nation's largest democratic party to proceed with its crucial organizational event, a development that carries substantial implications for Nepal's political landscape. The petition, filed by party president Sher Bahadur Deuba and senior leader Purna Bahadur Khadka, aimed to secure a stay order against the convention. However, a full bench comprising Justices Nakhul Subedi, Mahesh Sharma Paudel, and Meghraj Pokharel deliberated on the matter and ultimately declined to issue the requested interim injunction. According to Supreme Court spokesperson Arjun Koirala, the court found no immediate grounds to impose a halt on the General Convention, even after considering supplementary petitions that pressed for its postponement. This judicial pronouncement is a considerable boost for the incumbent faction within the Nepali Congress, empowering them to conduct regular organizational and political activities without immediate judicial interference. The General Convention is a cornerstone of any democratic political party, serving as the primary forum for electing new leadership, formulating party policies, and reaffirming its ideological direction. For the Nepali Congress, a party with a long and storied history in Nepal's democratic movement, the convention is particularly vital for demonstrating internal democracy and unity, especially in a dynamic political environment. The court's decision underscores a cautious approach by the judiciary, often seen in cases involving the internal affairs of political parties. While the Supreme Court maintains its role in upholding the rule of law and ensuring procedural fairness, it generally refrains from intervening in the internal workings of political organizations unless there are clear and compelling legal violations. The denial of an interim order suggests that, at this juncture, the court did not perceive sufficient legal grounds to disrupt the party's scheduled convention. While the immediate hurdle has been removed, the Supreme Court's ruling also indicates that the legal process is not entirely closed. The court may issue further orders on the review petition in the future, implying that the matter could still be subject to judicial scrutiny down the line. However, for now, the Nepali Congress is free to move forward with its convention, a critical step in its internal democratic process. For investors and market observers, while this news directly pertains to political party dynamics rather than immediate economic indicators, the stability and predictable functioning of major political parties are indirectly crucial. A well-functioning political system, characterized by internal party democracy and clear leadership, contributes to overall governance stability, which can, in turn, foster a more predictable and favorable environment for economic policy-making and investment. The ability of a major party like the Nepali Congress to conduct its internal affairs smoothly, free from judicial entanglement, can be seen as a positive signal for the broader political stability of the nation. This decision allows the Nepali Congress to focus on its internal rejuvenation and prepare for future political challenges, reinforcing its role as a key player in Nepal's democratic framework.
Sanima Bank Proposes 10% Cash Dividend for FY 2082/83, Signaling Strong Performance
Sanima Bank Limited (SANIMA) has announced a significant proposal to distribute a 10% cash dividend to its ordinary shareholders for the fiscal year 2082/83. This decision, made during a board meeting held on Bhadra 11 (approximately August 27th), reflects the bank's robust financial performance and its unwavering commitment to delivering consistent value to its investors. The proposed dividend, which includes applicable taxes, will be disbursed from the bank's accumulated retained earnings, a testament to its prudent financial management over the past year. For ordinary shareholders, this dividend translates into a substantial payout. With the bank's current ordinary share capital standing at NPR 13,581,525,414, the 10% cash dividend will amount to a total of NPR 1,358,152,541. This move is anticipated to be very well-received by the investment community, especially in a market where consistent and attractive dividend payouts are a key indicator of a company's financial health, stability, and future prospects. Cash dividends are particularly appealing as they provide immediate liquidity to shareholders, offering them the flexibility to reinvest in the market, diversify their portfolios, or utilize the funds as they deem fit, thereby enhancing their overall investment returns. Beyond its ordinary shareholders, Sanima Bank has also demonstrated its commitment to its preference shareholders by proposing an 8.25% cash dividend. This dividend will be distributed proportionally based on the period from the share allotment date to the end of the fiscal year, inclusive of all relevant taxes. The bank's preference share capital is valued at NPR 2,000,000,000, and the allocated dividend for this segment of shareholders totals NPR 52,438,356. Combining the payouts for both ordinary and preference shareholders, Sanima Bank is set to distribute a grand total of NPR 1,410,590,897 in cash dividends, further underscoring its strong profitability and sound financial stewardship. The dividend proposal, while exciting for investors, is subject to a multi-stage approval process. Before shareholders can receive their payouts, the recommendation from the Board of Directors must first secure the necessary approval from Nepal Rastra Bank (NRB), the central bank and primary regulatory authority for financial institutions in Nepal. Following NRB's endorsement, the proposal will then be presented for ratification at the bank's upcoming Annual General Meeting (AGM). Only after the AGM's official approval will the dividend be formally distributed to eligible shareholders. This rigorous regulatory and corporate governance framework ensures transparency, fairness, and strict adherence to established financial norms and best practices. Sanima Bank's consistent performance and strategic expansion have solidified its position as a prominent and reliable player in Nepal's highly competitive banking sector. The bank currently boasts an extensive and robust network, operating 134 offices and 127 ATMs strategically located across all seven provinces of Nepal. This wide geographical reach enables it to serve a diverse and growing customer base, contributing significantly to its stable revenue streams, sustained profitability, and overall market leadership. The ability to propose such a substantial cash dividend amidst varying economic conditions speaks volumes about its operational efficiency, strong asset quality, and inherent resilience in navigating market challenges. This announcement from Sanima Bank comes at a pivotal time when many listed companies in the Nepali capital market are beginning to declare their returns for the last fiscal year. Investors are keenly awaiting these announcements, as dividends, whether in the form of cash or bonus shares, are a crucial component of investment returns and a key factor in investment decision-making. While some companies have already made their declarations, others are in the process, creating a dynamic and engaging environment for investors seeking both yield and capital appreciation. Sanima Bank's decision to opt for a cash dividend highlights a clear preference for direct shareholder returns, which can be particularly appealing in the current market climate. This strategic move not only rewards existing shareholders but also enhances the bank's attractiveness to potential investors looking for stable, income-generating stocks with a proven track record. The market will undoubtedly watch closely as other financial institutions follow suit, setting the tone for the broader investment landscape in Nepal and influencing investor sentiment for the upcoming fiscal year.
Nepal Rescues 27 Foreign Tourists from Devastating Bhote Koshi and Trishuli Floods
In a swift and coordinated rescue operation, Nepali authorities have successfully evacuated 27 foreign tourists who were stranded following devastating flash floods in the Bhote Koshi and Trishuli river basins. The incident, which occurred around 8:30 AM on Wednesday, August 26, 2026, saw sudden and powerful deluges impact parts of Rasuwa, Nuwakot, Dhading, and Gorkha districts, causing widespread disruption and concern. The National Disaster Risk Reduction and Management Authority (NDRRMA) confirmed the successful rescue of these 27 individuals from the Timure and Bhote Koshi areas of Rasuwa. The rescued tourists hail from various countries, including China, South Korea, Italy, the United States, and India, highlighting the international reach of Nepal's tourism sector and the critical need for robust disaster response mechanisms. The rescue efforts, which were intensified following the initial reports, involved a collaborative approach by the Ministry of Culture, Tourism and Civil Aviation, the Nepal Tourism Board, Tourist Police, and various local tourism entrepreneurs. Nepal, a nation renowned for its majestic Himalayas and adventure tourism, is particularly vulnerable to natural disasters, especially during the monsoon season. The Bhote Koshi and Trishuli rivers are vital arteries, not only for their ecological significance but also for supporting numerous hydropower projects, facilitating trade routes to China, and attracting adventure seekers for rafting and trekking. The sudden nature of these floods underscores the unpredictable challenges posed by Nepal's rugged topography and changing climate patterns. The government's rapid response and the successful rescue operation are crucial for maintaining international confidence in Nepal as a safe tourist destination. Such incidents, while tragic, test the resilience of the nation's disaster management infrastructure and its commitment to the safety of both its citizens and visitors. The ongoing efforts prioritize moving any remaining stranded or injured tourists to secure locations, ensuring their well-being and facilitating their safe return. From an investor's perspective, while the immediate impact of this specific rescue operation on the stock market may be limited, the broader implications for sectors like tourism, hospitality, and infrastructure are noteworthy. Frequent natural disasters can lead to disruptions in tourist arrivals, damage to vital transportation networks, and increased costs for reconstruction and relief, potentially affecting the profitability and operational stability of companies in these sectors. Investors closely monitor the government's capacity to manage such crises, as effective disaster response can mitigate long-term economic damage and uphold investor sentiment in the country's overall stability and growth prospects. The successful rescue operation, in this context, serves as a positive indicator of Nepal's improving disaster preparedness and response capabilities.
Himalayan Bullion Company Pledges NPR 2.1 Million to Prime Minister's Disaster Relief Fund Amidst Devastating Floods
In a significant demonstration of corporate social responsibility, Himalayan Bullion Company Limited has announced a substantial financial contribution of NPR 2.1 million to the Prime Minister's Disaster Relief Fund. This generous pledge comes in response to the recent catastrophic floods that have wreaked havoc across the Bhote Koshi river basin, particularly impacting districts such as Rasuwa, Nuwakot, and Dhading within Bagmati Province. The company expressed profound sorrow over the extensive loss of life and property caused by this natural calamity, extending heartfelt condolences to all citizens who tragically lost their lives and offering deep sympathy to their bereaved families. Furthermore, Himalayan Bullion Company wished a swift and complete recovery to those who sustained injuries during the disaster. The devastating floods have caused widespread destruction, displacing thousands, destroying homes, infrastructure, and agricultural land, and leading to a significant humanitarian crisis in the affected regions. In such dire circumstances, the Prime Minister's Disaster Relief Fund serves as a critical national mechanism for channeling aid towards immediate search and rescue operations, providing essential relief supplies, and supporting long-term rehabilitation efforts. Himalayan Bullion Company's contribution is earmarked specifically to bolster these crucial activities, ensuring that resources reach those most in need during this challenging period. This act of solidarity by Himalayan Bullion Company underscores the vital role that the private sector plays in national recovery and resilience-building during times of crisis. Such contributions are not merely financial; they represent a collective commitment to the well-being of the nation and its citizens. For investors, a company's proactive engagement in social welfare, especially during national emergencies, can be a strong indicator of its ethical governance and long-term sustainability. It reflects a management philosophy that values community well-being alongside financial performance, potentially enhancing brand reputation and stakeholder trust. The company has reiterated its unwavering commitment to supporting the ongoing relief and rescue operations for the affected citizens. This pledge is expected to provide much-needed assistance to the government and various humanitarian organizations working tirelessly on the ground. As Nepal grapples with the aftermath of these severe floods, the collective efforts of individuals, organizations, and corporations like Himalayan Bullion Company are indispensable in mitigating the suffering and facilitating the arduous path to recovery. This initiative sets a commendable example for other corporate entities to step forward and contribute to the national cause, reinforcing the spirit of unity and collective responsibility in overcoming adversity.
Nepal Launches Massive Search for 667 Missing Tourists Amidst Catastrophic Bhote Koshi and Trishuli Floods
Nepal is currently grappling with the aftermath of devastating floods in the Bhote Koshi and Trishuli river basins, which have led to a large-scale search and rescue operation for hundreds of missing tourists and travelers. The Ministry of Culture, Tourism and Civil Aviation, in close coordination with the Nepal Tourism Board and various security agencies, has significantly intensified efforts to locate individuals who have lost contact in the affected regions. This coordinated response underscores the government's commitment to prioritizing the safety and well-being of visitors to the Himalayan nation, a cornerstone of its economy. According to the latest figures released by the Nepal Tourism Board, a staggering total of 667 individuals, comprising both international tourists and Nepali citizens, are currently unaccounted for. This includes 127 Nepali citizens who were in the flood-hit areas. While the situation remains critical, there has been some success in the rescue efforts, with 31 foreign tourists safely evacuated from the perilous zones so far. These rescue operations are often conducted in challenging terrains, requiring specialized skills and resources, highlighting the dedication of the rescue teams on the ground. The Bhote Koshi and Trishuli rivers are popular destinations for adventure tourism, including white-water rafting, trekking, and pilgrimage, attracting a significant number of both domestic and international visitors. The sudden and severe nature of the floods has caught many off guard, leading to widespread disruption and concern. The incident casts a shadow over Nepal's vibrant tourism sector, which has been steadily recovering from previous global challenges and is a vital source of foreign exchange and employment. Investors in hospitality, aviation, and adventure tourism companies will be closely monitoring the situation, as such events can have a ripple effect on bookings and future travel plans. To streamline the search and verification process for the missing individuals, robust coordination mechanisms have been established. Travel agencies, trekking companies, local administrative bodies, and security personnel are working hand-in-hand, sharing information and resources to ascertain the whereabouts of those reported missing. This collaborative approach is crucial in a crisis of this magnitude, ensuring that all available channels are utilized to bring clarity to the situation. The Nepal Tourism Board has reiterated its unwavering commitment to the safety of tourists, emphasizing that it remains their top priority. In an effort to provide immediate assistance and information, emergency contact lines have been made available. Individuals seeking urgent help or information can reach out via the toll-free number 1234, hotline 1144, or directly contact the Tourist Police at 9851289445. These helplines are critical lifelines for families and friends anxiously awaiting news of their loved ones. The current disaster is part of a broader pattern of severe weather events affecting Nepal, particularly during the monsoon season. While the country is renowned for its natural beauty and adventure opportunities, it also faces inherent risks from natural calamities. This event serves as a stark reminder of the importance of robust disaster preparedness and response systems, not just for the local population but also for the thousands of tourists who visit annually. The long-term implications for Nepal's tourism brand and the need for enhanced safety protocols will undoubtedly be subjects of extensive discussion in the coming months. The resilience of the Nepali people and the dedication of its emergency services will be paramount in navigating this challenging period and ensuring a swift recovery for all affected.
Nepal Rastra Bank Lifts Transaction Limits to Bolster Disaster Relief Efforts
In a significant move aimed at bolstering national disaster response and relief efforts, Nepal Rastra Bank (NRB), the central bank of Nepal, has announced the removal of standard transaction limits for payments directed towards the Prime Minister’s Disaster Relief Fund and the Prime Minister’s Relief Fund. This crucial decision, communicated through a notice from NRB’s Payment Systems Department, is a direct response to the urgent need for financial support for citizens severely impacted by the recent devastating floods and landslides across the nation. Typically, digital payment platforms such as mobile banking, web applications, and electronic wallets operate under predefined daily or per-transaction limits. These limits are primarily designed to ensure financial security, prevent illicit activities, and manage systemic risk within the financial ecosystem. While these safeguards are vital for routine financial operations, they can inadvertently hinder large-scale fundraising efforts during national emergencies. By temporarily suspending these restrictions specifically for contributions to the designated relief funds, NRB is effectively streamlining the process for individuals, corporate entities, and philanthropic organizations to channel much-needed financial assistance without bureaucratic impediments. Nepal has recently grappled with a series of catastrophic natural disasters, particularly widespread floods and landslides that have wreaked havoc in various regions, including the critical Rasuwa and Bhote Koshi areas. These calamities have resulted in tragic loss of life, displacement of thousands, and extensive damage to infrastructure, including critical hydropower projects and agricultural lands. The sheer scale of destruction necessitates a robust and immediate financial response to provide humanitarian aid, facilitate rescue operations, and support long-term rehabilitation. The central bank's proactive measure directly addresses this pressing need, recognizing that every moment counts in disaster relief and that financial accessibility is key to a swift response. This policy adjustment is expected to significantly enhance the efficiency and volume of contributions to the Prime Minister's relief funds. Donors, who might otherwise be constrained by daily transaction caps, can now make substantial contributions seamlessly through their preferred digital payment channels. This not only encourages larger donations but also simplifies the process, making it more accessible for a broader spectrum of the population, including the Nepali diaspora, to contribute to the national cause. Payment service providers and other authorized financial institutions have been explicitly instructed to implement the necessary technical and operational adjustments to facilitate these unlimited transactions, ensuring a smooth and uninterrupted flow of funds to where they are most needed. From an economic perspective, the swift and efficient mobilization of disaster relief funds is paramount for mitigating the long-term economic fallout of natural calamities. Rapid financial assistance helps stabilize affected communities, supports the rebuilding of local economies, and prevents a deeper economic downturn by injecting liquidity and supporting consumption in devastated areas. NRB's decision underscores its commitment not only to maintaining monetary and financial stability but also to playing a pivotal role in national welfare and crisis management. Such measures can also positively influence investor confidence, demonstrating the government's and central bank's capacity for decisive action and coordinated response during challenging times, thereby signaling resilience and stability. In essence, the removal of transaction limits is more than just a technical adjustment; it is a strategic facilitation of collective national effort. It empowers citizens and organizations to contribute effectively to the recovery process, fostering a sense of unity and resilience in the face of adversity. This move by Nepal Rastra Bank is a testament to its adaptive policy-making, ensuring that financial systems are responsive to the nation's most critical needs, particularly when humanitarian aid and rapid financial support are of utmost importance.
Nepal Launches ‘SetuRapid’ Digital Portal to Speed Up Disaster Rescue and Relief
The Government of Nepal has introduced a new digital platform, ‘SetuRapid’, aimed at making rescue, relief and disaster-response operations faster and more coordinated during emergencies. The platform has been developed through coordination between the National Disaster Risk Reduction and Management Authority (NDRRMA) and the Department of Roads (DOR). Its central objective is to bring responders, command centres and vehicles deployed in the field onto a single live map, allowing authorities to better track resources and direct assistance to areas in need. The initiative comes at a time when Nepal is facing heightened disaster risks, including floods and landslides that can disrupt roads, isolate communities and complicate rescue operations. The SetuRapid homepage features three major options: ‘Need Rescue’, ‘Need Relief Items’ and ‘Donate Now’. The three services are designed to address different aspects of disaster response, from reporting the need for emergency rescue and relief supplies to providing a channel for citizens willing to contribute to government-led relief efforts. The ‘Need Rescue’ option is intended to allow people requiring emergency assistance to submit information about their situation through the digital platform. The system is expected to help transmit such information to the relevant response mechanisms, potentially allowing rescue teams to identify and prioritize locations where immediate intervention is required. Similarly, the ‘Need Relief Items’ option is designed to collect information about areas and communities requiring essential relief supplies. By bringing these requests into a centralized system, authorities can potentially obtain a clearer picture of where assistance is needed and what type of support is required. SetuRapid describes its purpose as “Connecting responders, command centres and field fleet operators on a single live map, so help reaches faster.” The live-mapping approach is intended to improve communication between personnel working at command centres and teams operating on the ground. Such coordination can be particularly important during floods, landslides and other emergencies when conventional communication channels may be disrupted, and road access can change rapidly. The portal also includes a ‘Donate Now’ option that directs people wishing to contribute toward the Prime Minister Disaster Relief Fund. The government-backed donation facility could also provide a safer alternative to unverified fundraising campaigns circulating on social media during disasters. During emergencies, individuals and organizations sometimes share personal bank accounts or QR codes while claiming to collect donations for victims. By providing an official avenue for contributions, the portal can help citizens avoid sending money to unauthorized individuals or accounts. SetuRapid brings together government agencies, including the Department of Roads under the Ministry of Physical Infrastructure and Transport and the National Disaster Risk Reduction and Management Authority under the Ministry of Home Affairs. The integration is particularly relevant to disaster response because damaged or blocked roads can significantly affect the movement of rescue teams, ambulances, relief vehicles and other emergency resources. Better coordination between road authorities and disaster-management agencies could therefore help identify access constraints and support faster deployment of resources to affected locations. A centralized digital platform could provide several advantages during large-scale disasters. Real-time information can help authorities understand the location of people requesting assistance, coordinate available vehicles and responders, and identify areas requiring relief supplies. However, the exact operational process for each feature, including the information users must submit, how precise locations are transmitted, which agency receives individual requests, and how quickly authorities respond, cannot be fully established from the portal's displayed interface alone. The effectiveness of SetuRapid will ultimately depend on the accuracy of information submitted, the availability of field responders, connectivity, inter-agency coordination, and the speed with which requests are acted upon. SetuRapid represents an effort to use digital technology to strengthen Nepal’s disaster-response system by connecting information, responders and resources through a common platform. If effectively implemented and regularly updated, the system could become an important tool during emergencies such as the recent Rasuwa floods, helping authorities identify urgent needs, coordinate rescue operations and channel relief more efficiently. For citizens, the key message is straightforward: during a disaster, accurate information and timely communication can save lives, and a centralized digital system could help ensure that emergency assistance reaches those who need it faster.
NASA Securities Pledges NPR 5 Million to Prime Minister's Relief Fund for Rasuwa Flood Victims
Nepal's financial sector continues to demonstrate its unwavering commitment to corporate social responsibility, particularly in times of national crisis. In a significant move, NASA Securities, a prominent name in the Nepali stock market, has announced a substantial contribution of NPR 5 million to the Prime Minister's Relief Fund. This generous donation is specifically earmarked for the ongoing rescue and relief efforts targeting citizens severely affected by the devastating floods in the Bhote Koshi River region of Rasuwa. The recent floods in Rasuwa have caused widespread destruction, displacing thousands, claiming lives, and inflicting catastrophic damage to infrastructure, including vital hydropower projects. The scale of the disaster has prompted a nationwide call for solidarity and support, with the government actively soliciting financial assistance to mitigate the humanitarian crisis. NASA Securities' contribution comes at a crucial time, bolstering the government's capacity to provide immediate aid, shelter, and rehabilitation to those most vulnerable. This act of corporate philanthropy places NASA Securities among a growing list of private sector entities that have stepped forward to support the national relief efforts. The financial community in Nepal has historically played a pivotal role in national emergencies, reflecting a deep-seated understanding of their societal obligations beyond mere profit generation. Such contributions not only provide much-needed funds but also inspire other organizations and individuals to contribute, fostering a collective response to adversity. According to Mr. Hemraj Aryal, Joint Secretary and Spokesperson for the Office of the Prime Minister and Council of Ministers, the Prime Minister's Relief Fund already held approximately NPR 110 million prior to the recent influx of donations. Additionally, the Prime Minister's Disaster Relief Fund maintained a balance of around NPR 2.05 billion. It is important to note that these figures represent pre-existing balances and do not include the fresh wave of contributions spurred by the Rasuwa floods. The government has initiated a dedicated process to meticulously track and account for all new donations received specifically for the current disaster, ensuring transparency and efficient allocation of resources. The government's strategy involves close coordination with various banks where these funds are being deposited. Spokesperson Aryal emphasized that regular updates on the total amount of new aid received will be made public, ensuring accountability and keeping the public informed about the collective efforts. This centralized approach aims to streamline the distribution of aid and prevent duplication of efforts, ensuring that assistance reaches those who need it most effectively. Beyond NASA Securities, numerous other financial institutions, business conglomerates, and even political parties have publicly pledged or contributed to the Rasuwa flood relief. This widespread response underscores the gravity of the situation and the unified spirit of the Nepali people and its corporate sector. The government has consistently urged all donors to channel their contributions through official government accounts to ensure proper oversight and utilization of funds, reinforcing the importance of a coordinated national response. For investors, such actions by listed companies like NASA Securities can be viewed through the lens of Environmental, Social, and Governance (ESG) factors. A company's commitment to social responsibility, especially during national crises, often reflects positively on its long-term sustainability and brand reputation. While direct financial returns are paramount, a strong ESG profile can enhance investor confidence, demonstrating a company's ethical standing and its role as a responsible corporate citizen within the broader Nepali economy. This commitment to community welfare, particularly in challenging times, reinforces the intrinsic value and ethical framework of the institutions operating within the Nepali capital market.