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

Supreme Court acquits 16 in license irregularity case

The Supreme Court (SC) has acquitted 16 people, including transportation department employees, who were accused of corruption for allegedly issuing driving licenses through the misuse of the computer system. A division bench of Justices Sapana Pradhan Malla and Saranga Subedi ruled to acquit all defendants, including Ramdatt Bhatta, the then-acting chief of the Bagmati Transport Management Office. The Commission for the Investigation of Abuse of Authority (CIAA) had appealed to the Supreme Court after being dissatisfied with the Special Court’s decision to acquit the accused.

825 teachers resign from political parties following education Minister’s directive

Minister for Education, Science, and Technology Sumana Shrestha announced that 825 teachers have resigned from their political party memberships. This information was revealed during a press conference held on Tuesday to mark the 100th day of her tenure in the Ministry of Education. She further noted that within this period, complaints were filed against 45 teachers, explanations were sought from 41 teachers, and 4 teachers were exonerated.

No rush to join government, decision after budget passes: CK Raut

Dr. CK Raut, Chairman of the Janamat Party, stated that his party is not in a hurry to join the federal government. In an interview with Khabarhub, Chairman Raut mentioned that the party will decide whether to join the government only after the budget is passed. In the meantime, Prime Minister Pushpa Kamal Dahal has initiated discussions with coalition partners regarding the potential appointment of Raut as the Foreign Minister.

Mallik Committee recommends abolishing all tax exemptions, reducing income tax

The high-level advisory committee on tax system reform has presented several significant recommendations to the government regarding Nepal’s tax system. The committee emphasized that the government cannot adopt an expansionary fiscal policy without strengthening and consolidating the public finance system. They highlighted the immediate, medium-term, and long-term need to address the pressures and complexities in the external economy, public finance, and financial sectors that are affecting revenue.

Probe panel begins investigation, submits files of 20 troubled cooperatives

The Parliamentary Investigation Special Committee, formed to probe the cooperative fraud case, commenced its investigation on Tuesday. The committee convened a meeting with the Cooperatives Ministry, the Cooperative Board, and other government officials to discuss the status of the troubled cooperatives, legal issues, and regulatory matters. During the meeting, the Chairman of the Troubled Cooperatives Management Committee and the member secretary submitted a report on the 20 troubled cooperatives, according to Surya Thapa, the coordinator of the probe committee.

NEPSE declines by 19.76 points, share prices of 198 companies drop on Tuesday

The Nepal Stock Exchange (NEPSE) experienced a decline today, dropping by 19.76 points to close at 2076.49. The overall market capitalization also decreased by 0.89 points on Tuesday, the second trading day of the week. The share prices of 198 companies fell, while 40 companies saw their share prices rise. The share prices of 9 companies remained unchanged.

Flights disrupted at Lukla for ten days, tourists stressed out

The disruption of flights at Tenzing Hillary Airport in Lukla has caused significant stress for tourists. Adverse weather has disrupted flights for ten consecutive days, severely affecting tourists visiting the Khumbu region. Diwas Dahal, an air controller at the Civil Aviation Authority of Nepal (CAN) in Lukla, reported that fog and poor visibility have hindered air services. Since June 8, both airplanes and helicopters have been unable to operate.

Kathmandu metropolis spends only 36.55% of its budget in 11 months

In the first 11 months of the current fiscal year 2080/81, Kathmandu Metropolitan City has spent only 36.55% of its allocated budget. The metropolis had allocated a budget of Rs 24.0857 billion for the fiscal year, but as of the end of Jestha, only Rs 8.8043 billion has been spent. This leaves a remaining balance of Rs 15.2813 billion. Within these 11 months, the highest expenditure has been in financial governance, where the metropolis allocated Rs 5.9 million and spent over 76% of it, amounting to Rs 4.527 million.