Nepal

Kathmandu: Rastriya Swatantra Party (RSP) President Rabi Lamichhane has sharply criticized the top leadership of Nepal’s traditional political parties, accusing them of political vendetta and failed governance. Addressing the party’s integration announcement meeting, Lamichhane described the legal cases filed against him as acts of revenge. Using sarcasm, he remarked that…

Kathmandu: Vijay Laghubitta Bittiya Sanstha Limited has opened its Follow-on Public Offering (FPO) for subscription from today. The microfinance institution is issuing the FPO to maintain the shareholding ratio of 70:30 between founder shareholders and the general public. Following the merger of former Naya Sarathi Laghubitta Bittiya Sanstha and Vijaya…

Kathmandu — Banks and financial institutions have significantly reduced lending to low-income and poor borrowers amid growing difficulties in loan recovery, even as overall credit flow in the banking system continues to expand. According to data from Nepal Rastra Bank, outstanding credit extended to poor borrowers declined by 18.88 percent…

Kathmandu — The commission of inquiry formed to investigate the incidents of Bhadra 23 and 24 has summoned Kathmandu Metropolitan City Mayor Balendra Shah for a formal statement. According to the commission, statements have already been recorded from key political figures including then Prime Minister KP Sharma Oli, then Home…

Kathmandu — The CPN-UML has begun finalizing its candidates for the upcoming House of Representatives elections by single-recommending the names of its top leaders from various constituencies across the country. Party Chair KP Sharma Oli has been single-recommended from Jhapa Constituency No. 5, while senior leader Ishwor Pokharel has been…

Kathmandu — The price of gold surged sharply in the domestic market on Monday, increasing by Rs 4,600 per tola, according to the Federation of Nepal Gold and Silver Dealers Association. With the latest revision, gold is being traded at Rs 265,000 per tola, up from Rs 260,400 per tola…

Kathmandu — The probe commission formed to investigate the crackdown and subsequent violence during the Gen Z movement has completed the process of recording statements and has now moved toward drafting its final report. Former Prime Minister and CPN-UML Chair KP Sharma Oli has submitted a written statement to the…

Kathmandu: Solu Hydropower Limited is set to issue its initial public offering (IPO) to the general public starting January 13 (Poush 29), following the completion of share allocations for local residents and Nepalis employed abroad in the first phase. The company has received regulatory approval to issue 20 million shares,…

Kathmandu- The government has finalized the budget required to recruit nearly 150,000 temporary police personnel for the upcoming House of Representatives elections scheduled for February 21, as part of a broader effort to strengthen election security nationwide. According to the Ministry of Home Affairs, both the Nepal Police and the…

Dolpa: Transport services across Dolpa district have been suspended indefinitely as tensions escalated between local residents and police over the disappearance of a local youth. Protests intensified after residents of Lha village in Tripurasundari Municipality–5 demanded justice, bringing all vehicular movement into and out of the district to a complete…