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Today’s national news in a nutshell

Khabarhub

December 3, 2023

4 MIN READ

Today’s national news in a nutshell

KATHMANDU: Khabarhub brings you a glimpse of major developments of the day in Nepal, including politics, business/economy, sports, entertainment, and more.

Rabi Lamichhane acknowledges lack of inclusivity in RSP

Chairman of Rastriya Swatantra Party (RSP) Rabi Lamichhane, has admitted to the prevalence of a Chhetri-Bahun majority, specifically “Khas Arya”, within his party. Lamichhane acknowledged the dominance of men and characterized it as a significant flaw that demands correction. During the central committee meeting of RSP in Jaleshwar, Mahottari this week, Lamichhane presented a political report addressing the imbalance.

NRB implements strategies to balance funds and interest rates

Nepal’s banking sector grapples with an overflow of investable funds, reaching 540 billion rupees. However, despite this surplus, banks face a declining loan-to-deposit ratio, now at 80.92 percent, impeding credit flow. In response, the Nepal Rastra Bank (NRB) aims to sustain a 90 percent loan-to-deposit ratio via monetary policy. This suggests untapped lending potential, with financial institutions operating 9 percent below the NRB’s set limit.

US launches $24.5 million Feed the Future Nepal USAID Agricultural Inputs Activity

USAID and the Government of Nepal jointly launched a new activity – Feed the Future Nepal USAID Agricultural Inputs today. With up to $24.5 million in funding, this activity will work to streamline access to agricultural inputs and contribute to the overall agricultural development of the country. The five-year activity will focus on four critical agricultural inputs – seed, fertilizer, irrigation, and agricultural mechanization – in 16 districts from the Sudurpaschim, Karnali, Lumbini, Bagmati, and Madhesh provinces.

Nepal government and USAID launch Global Health Security Program

The USAID and Nepal’s Ministry of Health and Population jointly launched USAID’s Global Health Security program, a strategic partnership to strengthen the Government of Nepal’s capacity to prevent, detect, and rapidly respond to emerging infectious diseases.

Durga Prasai to announce “Citizen’s Government” and “Sanatan Hindu Rastra”

Campaigner Durga Prasai, who is also a prominent medical entrepreneur has said he would announce the establishment of a “Citizen’s Government” on December 16. Prasai, known for advocating “Vedic Sanatan Dharma”, announced that on December 16, he will symbolically light a lamp in Basantapur in Kathmandu, signifying the creation of a Hindu nation based on these ancient principles.

Record-breaking gold prices hit Nepali market

Gold reached an all-time high in the Nepali market on Sunday, according to the Federation of Nepal Gold and Silver Dealers’ Association. The current trading rate for gold stood at Rs 120,800 in the local market. Similarly, Tejabi gold was priced at Rs 120,200 today.

2,978 constables of Nepal Police transferred

In a recent decision, the Nepal Police Headquarters has undertaken the transfer of 2,978 constables. The official list of the transferred constables has been released. The transfers aim to enhance operational efficiency and address organizational needs.

EC begins preparations for January 25 NA elections

The Election Commission has started preparations for the National Assembly (NA) elections scheduled for January 25, 2024. As part of the election schedule, the Commission will publish the voter list on coming December 16 and appoint election officers on January 1, 2024.

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