KATHMANDU: Khabarhub brings you a glimpse of major developments of the day in Nepal, including politics, business/economy, sports, entertainment, and more.
Energy Minister seeks clarification from NEA Executive Director Ghising
Energy Minister Deepak Khadka has sought clarification from Kulman Ghising, the Executive Director of the Nepal Electricity Authority (NEA), regarding various organizational issues.
This move comes amid increasing scrutiny of NEA’s operations, particularly following concerns about inconsistencies in its performance and procurement methods. Minister Khadka has specified fifteen key points that need addressing.
Minister Khadka has aksed Ghising to clarify on the amendments made to the Employee Service and Conditions Regulation and Financial Administration Regulation over the last four years, as well as decisions made by the NEA Board.
Around 100,000 people depart Kathmandu Valley daily for Dashain
Approximately 100,000 individuals are leaving Kathmandu Valley each day to return to their home districts for Dashain, the largest festival for Nepalis.
Deputy Superintendent of Police at the Kathmandu Valley Traffic Office, Rabin Karki, noted a significant increase in both vehicles and passengers exiting from the Valley’s four major transit points.
DSP Karki reported that this trend has continued for the past three days, with the number of travelers on Monday and today surpassing those on Sunday and Tuesday. He also mentioned that about 30,000 people are entering the federal capital daily.
State saves Rs 1.5 billion by not issuing new banknotes
Nepal Rastra Bank (NRB) has saved Rs 1.5 billion by not printing fresh banknotes this year for the Dashain and Tihar festivals, leading to a significant decrease in currency exchange among the public.
Last year, the Central Bank issued Rs 14 billion worth of new currency notes in the Kathmandu Valley alone and Rs 29 billion nationwide for exchange.
This year, currency exchange is limited to approximately Rs 4 billion, a decline of nearly Rs 25 billion compared to the previous year.
Chinese company awarded contract to print Nepali currency
Nepal Rastra Bank (NRB) has entrusted the Chinese firm MS China Bank Note Printing and Minting Corporation with the responsibility of printing Nepalese banknotes.
The contract entails printing Rs 3.4 billion worth of 10-rupee notes.
The NRB previously issued a call for tenders from foreign note printing companies, and MS China secured the contract through a competitive selection process.
The total value of this contract is approximately 7.1 million US dollars.
Five road sections still blocked, eight sections opened for one-way traffic
Five road sections across various highways remain closed following incessant rains from September 27 and 28.
According to police reports, over four dozen road sections previously affected by flooding have been reopened; however, five remain completely blocked.
The Nepal Police have confirmed that eight road sections are now accessible for one-way traffic.
Deputy Inspector General of Police Dan Bahadur Karki stated that efforts are ongoing to clear the blocked routes.
Monsoon retreats from Kathmandu Valley and beyond
The monsoon has withdrawn from several regions in Nepal, including the Kathmandu Valley.
According to the Weather Forecasting Division, the monsoon has departed from all areas of Karnali Province, Lumbini Province, and Gandaki Province, as well as the western part of Bagmati Province and parts of Madhes Province.
Earlier, the monsoon had already cleared from many areas in Karnali Province and parts of Lumbini Province.
Gold price down by Rs 1,000 per tola today
The price of gold in the Nepalese market has decreased on Wednesday.
Today, gold dropped by Rs 1,000 per tola, trading at Rs 159,100 per tola, according to the Nepal Gold and Silver Traders Federation.
On Tuesday, gold was priced at Rs 160,000 per tola.
Additionally, the price of silver also fell by Rs 40 per tola, with silver now trading at Rs 1,900 per tola, according to the Federation.
Floods cause damage worth more than 800 million in Madhes province
The recent flooding in Madhes province has caused damages worth more than Rs 804 million and 500 thousand.
Secretary at the Ministry of Energy, Irrigation and Water Supply of Madhes province government, Zakki Ahamad Ansari said that the largest damage is in Rautahat district due to the flooding caused by the swollen Bagmati, Lal Bakaiya, Jhajh, Lamaha and Gujara rivers in the district.
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