Khabarhub brings you a glimpse of major developments of the day in Nepal, including politics, business/economy, sports, entertainment, and more.
Special Court convicts former Madhes Finance Minister and four others in corruption case
The Special Court has convicted five individuals, including former Finance Minister of Madhes, Bijaya Kumar Yadav, in a corruption case related to the Health Science Academy established under the name of former Prime Minister Jhalanath Khanal. Former Minister Yadav has been sentenced to nine years and one month in prison and fined Rs 35,166,600. Additionally, the Court has ordered the recovery of Rs 13,529,386 from him. Similarly, Rewati Prasad Pant, Chairman of the Institution; Navaraj Bhandari, General Secretary; Neeraj Bhandari, Treasurer; and Devendra Rai have each been sentenced to eight years in prison.
Parliamentary Committee summons cooperative victims to Singha Durbar
The Parliamentary Special Investigation Committee on cooperative savings misuse has decided to hold discussions with the victims. Committee coordinator Surya Thapa informed that the committee, in its meeting held at Singha Durbar on Tuesday, decided to discuss the issues faced by the victims due to problems in the cooperative sector. Thapa mentioned that the committee will meet with the coordinators and representative victims from various committees formed in the name of cooperative victims on Wednesday at Singha Durbar.
Fake driving license case: 15, including undersecretary, charged with forgery
A case has been filed against Undersecretary Keshav Aryal, the head of the Transport Management Office in Butwal, along with 14 others, in connection with the fake driving license scandal. The District Public Attorney’s Office in Kathmandu filed the case against Aryal and others for forgery-related offenses. The case file reached the Kathmandu District Court on Tuesday.
New govt will be formed Under Article 76 (2): Shekhar Koirala
Nepali Congress (NC) leader Shekhar Koirala has stated that the upcoming government will be formed according to Article 76 (2) of the Constitution. He urged everyone not to be confused about which constitutional provision will be used to form the government. “There has been speculation in the media about whether the government will be formed under Article 76 (2) or 76 (3) of the Constitution. I assure you, there is no need for confusion—the new government will be formed under Article 76 (2). Many media outlets seem to be enjoying this confusion, but I want to make it clear to you all that the upcoming government will be under Article 76 (2),” Koirala said.
Kathmandu’s market decline: ‘To-let’ signs tell the tale
The once bustling markets of Kathmandu Valley now echo with emptiness as shutters display ‘to-let’ signs. Businesses, from small shops to grand malls, are dwindling, leaving behind a landscape dotted with vacant storefronts. In the heart of the city’s business districts, commercial and office boards have been replaced by ubiquitous ‘to-let’ notices. What were once vibrant shopping malls now stand deserted, their shutters adorned with phone numbers advertising available spaces.
UML secretariat meeting postponed due to Chairman Oli’s illness
The CPN-UML has postponed its secretariat meeting after party Chairman KP Sharma Oli fell ill. The meeting, originally scheduled for 1 PM this afternoon at the party headquarters in Chyasal, will now be held on Wednesday morning.
No longer in Rabi Lamichhane’s club,” says Dhakal after being relieved from his post
Dr. Mukul Dhakal has responded to the Rastriya Swatantra Party’s (RSP) decision to relieve him from his positions as General Secretary and Spokesperson, stating on social media that he is no longer part of “Rabi Lamichhane’s Club.” Dhakal emphasized that efforts to transform the party from being Rabi Lamichhane’s party to Rastriya Swatantra Party will continue. During a central committee meeting held on Tuesday morning, the party decided to relieve Dhakal of his duties.
NEPSE surges by double digits, gains 15.79 points
The Nepal Stock Exchange (NEPSE) on Tuesday saw a rise, climbing by 15.79 points amidst a transaction of 1 crore 16 lakh 61 thousand 208 shares. On Tuesday’s trading session, 168 companies witnessed an increase in their share prices, contrasting with declines in 68 companies. The overall transaction amounted to Rs 5.53 billion on NEPSE, with the share prices of 10 companies remaining unchanged.
Comment