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

NC insists on parliamentary committee to probe Rabi Lamichhane’s alleged involvement in cooperative fraud

Nepali Congress (NC), the leading opposition party, has reiterated its stance on the necessity of forming a parliamentary committee to investigate the alleged involvement of Home Minister Rabi Lamichhane in a cooperative fraud case. The decision was reached during a meeting of former and current office bearers convened at President Sher Bahadur Deuba’s residence in Budhanilkantha on Wednesday afternoon. Vice President Dhanraj Gurung disclosed that the party remains steadfast in its demand for a parliamentary committee to thoroughly investigate the fraud allegations against Lamichhane. With the government summoning a budget session of the parliament set to commence on Friday, Nepali Congress reaffirmed its commitment to pressing for the establishment of the investigative committee.

Maoist Center and UML lawmakers directed to remain in Biratnagar amidst formation of new govt in Koshi Province

As the political landscape in Koshi Province sees intensified efforts to form a new government, CPN (Maoist Center) and CPN-UML have instructed their lawmakers not to leave Biratnagar, the provincial capital. Rewatiraman Bhandari, the chief whip of UML, confirmed that the process of government formation has gained momentum, prompting both party’s lawmakers to stay put in Biratnagar. With the anticipation that the Province Chief will soon summon parties to assert their claims for government formation, lawmakers who are currently outside Biratnagar have also been called back. Maoist Center and UML are gearing up to jointly stake their claim for forming the new government in the province based on their combined majority.

Civil society leaders demand dismissal of President’s Advisor

Civil society leaders have called for the removal of President Ram Chandra Paudel’s advisor, Chiranjivi Nepal. Advisor to the President has drawn criticism for protesting the decision of the Nepal Rastra Bank to include the ‘Chuche’ map while reprinting 100-rupee notes. Leading figures in civil society, including Nilambar Acharya, Suryanath Upadhyaya, Sushil Pyakurel, and Kanak Mani Dixit, have jointly demanded Nepal’s dismissal from his position. They have argued that his dissent against the government’s actions, particularly his warnings about deteriorating relations with India, undermines national interests. In a joint statement issued on Wednesday, the four civil leaders expressed concern that Chiranjivi Nepal’s public opposition in national and international media compromises the country’s dignity and official protocol.

JSP-N split was instigated in my absence: Upendra Yadav

Upendra Yadav, Chairman of the Janata Samajwadi Party (JSP) Nepal, has alleged that the party was unlawfully split while he was abroad, shedding light on the circumstances surrounding his departure. Speaking at a press conference held at the party’s central office in Balkumari on Wednesday, Yadav expressed, “The party underwent an unconstitutional split during my absence. Driven by personal ambitions, this divide was instigated.” He emphasized, “Mere gatherings of two or four individuals cannot legitimize a party split. The party was fractured by those temporarily assuming chairmanship, motivated by personal agendas.” Yadav further said that the registration process of the splinter group is flawed. Upholding law and political ethics, our journey as a party will persist, he added.

JSP Nepal seeking legal recourse on party split

The Janata Samajwadi Party (JSP) Nepal, under the leadership of Upendra Yadav, is taking legal steps in response to the party’s split. A decision to pursue legal recourse was made during a meeting of the party’s leaders at Balkumari on Tuesday, according to Manish Kumar Suman, the party’s spokesperson. It’s worth noting that a faction of the party, led by Ashok Rai, had appealed for recognition from the Election Commission of Nepal. The Commission officially recognized Rai’s faction as a distinct political entity last Monday. Rai had garnered support from seven members of parliament at the time of submitting the application to the Commission.

Suhang Nemwang takes oath as MP today

CPN-UML’s Suhang Nemwang, who emerged victorious in the by-election in Ilam Constituency-2 on April 27, took his oath of office today. Nemwang secured his victory in Ilam-2 with 27,772 votes, defeating his closest competitor, Dambar Bahadur Khadka of Nepali Congress, who garnered 21,942 votes. Nemwang’s triumph over Khadka marked a substantial margin of 5,780 votes.

NEPSE drops despite increased shares in multiple companies

Nepal Stock Exchange (NEPSE) witnessed a slight decline on Wednesday, with a decrease of 0.21 points, settling at 1960.60 points. Today, transactions amounted to 58,74,967 shares, worth 2,054 crores, 70 lakh, and 30 thousand rupees, traded 41,137 times. The trading session saw 305 companies involved, with the share prices of 124 companies rising and 107 companies witnessing a decline. Meanwhile, 12 companies experienced stability in their share prices. The sensitive index fell by 0.17 points, while the float index and sensitive float index saw increments of 0.09 points each. Among the 13 subgroups, 4 saw an increase, while 8 experienced a decrease, particularly in finance, hydro, microfinance, and trading sectors. Infinity Microfinance’s shares saw a notable 10% increase, entering a positive circuit, while Doti Hydropower marked a 9.79-point surge.