KATHMANDU: Khabarhub brings you a glimpse of major developments of the day in Nepal, including politics, business/economy, sports, entertainment, and more.
Govt has completed 70 percent of promised work: PM
Prime Minister (PM) KP Oli has claimed that the government has completed 70 percent of its planned initiatives.
Speaking from Singha Durbar on Wednesday, marking the 100th day of his govenrment, he highlighted the government’s achievements and noted that the completion rate would have reached 100 percent had it not been for natural calamities.
“We established a performance agreement between the Prime Minister and the ministers,” said Oli.
PM Oli accuses opposition of stimulating unrest, vows to maintain social unity
In a strongly worded address marking his government’s first 100 days in office, Nepal’s Prime Minister KP Sharma Oli claimed that opposition forces have been deliberately stoking tensions and attempting to destabilize the country since the new coalition government was formed in July.
Speaking from his office at Singha Durbar, Oli said that his administration would resist any efforts to sow discord and drive the country toward regression.
“The protest started the very day the Nepali Congress government was sworn in,” Oli said, referring to UML’s coalition government with the Nepali Congress. “There has been a deliberate attempt to incite communalism, close down industries, and paralyze the economy.”
PM Oli acknowledges slow progress in first 100 days
Prime Minister KP Sharma Oli has conceded that his government, formed in coalition with the Nepali Congress in July, has not achieved the anticipated results within its first 100 days.
Speaking from the Office of the Prime Minister and Council of Ministers at Singha Durbar, Oli acknowledged the delays but pointed to significant challenges, including natural disasters, that hindered the government’s progress.
“The natural disaster slowed down the work of the government, but we continued managing them,” Oli said, referencing the devastating floods that struck multiple districts, including Kathmandu Valley, in late September. The disaster claimed over 200 lives and left significant damage in its wake, with the government’s slow response drawing public criticism.
Opposition leaders urge President to safeguard democracy amid ordinance concerns
Leaders of the opposition parties in Parliament met with President Ram Chandra Paudel on Wednesday at Sheetal Niwas. The meeting was led by Pushpa Kamal Dahal, the Chairman of the CPN Maoist Center and the main opposition party.
During the meeting, the opposition leaders presented a memorandum to Paudel, highlighting their concerns about the government’s shortcomings under Prime Minister KP Sharma Oli. They expressed the need to inform the President about the current political situation in the country.
Kiran Pokharel, Press Adviser to the President, reported that the opposition leaders urged Paudel to act as a guardian of democracy and the Constitution. They raised concerns that certain activities may undermine the spirit of the Constitution and democracy, requesting the President to uphold his role as a constitutional guardian.
Gold prices soar to record highs for eighth day in a row
Gold and silver prices have soared to new heights today, continuing their upward trend that has lasted for the past seven days.
According to the Federation of Nepal Gold and Silver Traders, gold prices surged by Rs 800 on Wednesday, reaching a record high of Rs 166,700.
This marks a significant increase from yesterday’s price of Rs 165,900.
Rs 1.81 billion deposited in PM Natural Disaster Relief Fund
Over Rs 1.82 billion has been deposited into the Prime Minister Natural Disaster Relief Fund.
According to details released by the Office of the Prime Minister and Council of Ministers, this amount was recorded as of October 20.
The fund has received contributions from various individuals, institutions, companies, and agencies.
Commercial banks experience 21.63% surge in Q1 profits
Commercial banks in Nepal collectively reported a 21.63 percent increase in net profit, totaling Rs 16.23 billion, according to a recently published financial results for the first quarter of fiscal year 2081/82.
Out of 20 banks, 12 experienced growth in earnings, while 8 saw a decrease.
Nabil Bank topped the list with the highest net profit of Rs 2.05 billion, marking a 39.97 percent increase from the same period last year.
Comment