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

Prime Minister Dahal vows continued crackdown on corruption, irrespective of time period

Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has reiterated the government’s commitment to investigating and taking action against corruption, regardless of when the offenses were committed. Addressing an interaction titled “Challenges of Good Governance and Future Actions of the Government,” organized by the Institute for Strategic and Socio-Economic Research (ISSR) and Khabarhub.com at the Pavilion Hall in Kathmandu on Tuesday, the Prime Minister emphasized the importance of enforcing laws to propel the nation towards good governance and prosperity.

Sudurpashchim Chief Minister: Both claims of majority support rejected by Province Chief

Sudurpashchim Province Chief Najir Miyan has rejected both claims made for the position of chief minister. Citing insufficient evidence of majority support for both lawmakers from the Nagarik Unmukti Party, Province Chief Miyan has extended the deadline by two days for them to reaffirm their claims for the Chief Minister post. With this development, the path appears to clear for CPN-Unified Socialist leader Dirgha Sodari to ascend to the role of chief minister in Sudurpashchim.

NEPSE climbs down below 2000 points, declines by double digit again

The Nepal Stock Exchange (NEPSE) witnessed a double-digit decline, leading the stock market below two thousand points, on Tuesday. The stock market fell to 1991.71 points today. Both sensitive index and the float index, which measure the transactions of ‘A’ class companies, have also seen a decline. As 5,471,000 shares of 312 companies were traded, business worth around Rs 2.10 billion took place today.

Loktantrik Samajbadi Party quits Madhes govt

On the day scheduled for Chief Minister Saroj Kumar Yadav’s vote of confidence, the Loktantrik Samajbadi Party (LSP) has exited the Madhes government. Ramesh Prasad Kurmi, who previously held the position of Minister of Forests and Environment from the LSP, tendered his resignation on Tuesday.

Political consensus imperative in constitution implementation: PM

Prime Minister (PM) Pushpa Kamal Dahal ‘Prachanda’ underscored the necessity of consensus among major political players to ensure smooth implementation of the Constitution. Speaking at an interaction ‘Challenges of Good Governance and Future Actions of the Government,’ jointly organized by the Institute for Strategic and Socio-Economic Research (ISSR) and Khabarhub.com at the Pavilion Hall in Kathmandu on Tuesday, PM Dahal stressed the necessity of consensus among major political players. “It’s imperative for major political parties to find common ground,” he stated.

NC leader Thapa advocates for prioritizing good governance and development as party’s main agenda

Nepali Congress general-secretary Gagan Kumar Thapa has underscored the importance of making development and good governance the central agenda of the party. Speaking at an event titled ‘Congress Dialogue in Community Programme’ in Dhangadhi today, Thapa emphasized the need for the Nepali Congress to take a leading role in fostering consensus among political parties on issues such as combating corruption and establishing good governance.

Banking sector under scrutiny for KYC failures and lack of high-profile individual details

The Nepal Rastra Bank (NRB) has released the Bank Supervision Report, revealing that banks in Nepal are failing to regularly conduct Know Your Customer (KYC) verification for high-profile individuals, particularly politically exposed persons (PEPs). According to the NRB, most financial institutions lack systems for maintaining information and records of these individuals. Many high-profile figures are found using details of third parties, and banks lack information on their family members and past generations, as noted in the report.