Nepal Economic Digest (March 20, 2020) « Khabarhub
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Nepal Economic Digest (March 20, 2020)

20 March 2020  

Time taken to read : 5 Minute

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KATHMANDU: Economic Digest, a daily morning email digest, is basically a relatable summation of important business news from Nepal into easy-to-understand summaries.

SEBON says stock market will not be closed

Securities Exchange Board of Nepal (SEBON) today issued a notice saying that extra measures would be required to be taken by the transacting members of the stock market to prevent spread and contact with COVID-19.

SEBON has suggested measures such as using sanitizers, closing the screening room, using masks in the area of work, checking the temperature, etc.

A meeting of stakeholders, including board officials, representatives from the investors’ association and representatives from regulatory bodies decided to continue the stock market as usual.

Don’t hoard, don’t panic on essential commodities: Minister Bhatta

Minister Lekhraj Bhatta has assured that he would leave no stone unturned to ensure the smooth supply of daily essential commodities.

“Don’t go by rumors, there is no problem with the supply management, the government is tightening regulations. Don’t hoard and don’t panic,” said Minister Bhatta while speaking at a program titled COVID-19 Impact: Supply Management organized by Public Administration Association of Nepal at the Ministry of Industry, Commerce and Supply.

Vehicular movement restricted at Jumanaha checkpoint

Vehicular movement has been completely restricted at Jumanaha checkpoint along the Nepal-India border in Banke since Wednesday to avoid possible spread of COVID-19.

The security personnel from both countries have completely controlled the operation of heavy vehicles to cycles entering Nepal and India via the checkpoint.

Though vehicular operation has been brought to a complete halt, the movement on foot has remained as it was, shared Banke Chief District Officer Kumar Bahadur Khadka.

Govt to provide jobs to people deprived of foreign employment

The government on Thursday pledged to provide jobs to people deprived of foreign employment due to the COVID-19 pandemic.

Addressing the government’s weekly press conference at Singha Durbar today, Finance Minister Dr Yuba Raj Khatiwada informed journalists that the government has decided to provide jobs to those youths under the Prime Minister Employment Program.

According to him, the government can only provide minor jobs, not table work.

Government asks hotels to furnish details of guests online

As a step of coronavirus preparedness, the government has asked hotels and resorts to upload details of tourists staying at their properties to the web portal of the Department of Tourism (DoT) to make tracking of tourists more convenient.

Issuing a notice, the department has made it mandatory for hotels and resorts to make entry of their guests on its website with the information such as the name of the visitor, passport number, country of origin, duration of their stay in Nepal and the concerned hotel, check-in and check-out date, next destination and contact information.

Govt to extend visa of foreigners living in Nepal

A meeting of the high-level committee led by Deputy Prime Minister Ishwor Pokhrel has decided to extend the visas of the foreigners living in the country.

The meeting also decided to extend the visas of foreigners who are unable to return to their homes due to the travel ban. Similarly, the government also decided to refund the price of the ticket for those canceling their flights.

Pokhara airport explosions leave 150 houses cracked: Locals

The continuous sound of explosions of bombs used in the course of constructing the Pokhara International Airport has not only terrorized the locals of Pokhara but also has left their houses cracked.

According to locals, a total of 150 houses based in Pokhara Metropolitan City-14 have developed cracks due to explosions.

(Compiled and prepared by Swastik Aryal and Nitish Lal Shrestha)

Nepal Economic Digest is a daily morning email digest, basically relatable summations of the most important business news, happenings from Nepal into easy-to-understand summaries. The Institute for Strategic and Socio-Economic Research (ISSR), Nepal’s independent think tank, and Khabarhub — Nepal popular news portal — have joined hands to disseminate news from Nepal in the form of Economic Digest.

Publish Date : 20 March 2020 09:20 AM

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