Kathmandu- Uncertainty continues over whether the special general convention of the Nepali Congress, called by General Secretaries Gagan Kumar Thapa and Bishwaprakash Sharma for Poush 27 and 28, will culminate in the selection of a new party leadership or be limited to policy-oriented resolutions. Despite sustained pressure from reformist leaders…
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Rs 235 million cash burnt, Rs 320 million looted during Gen-z protests: Official report
by Nepal Pulseby Nepal PulseKathmandu — More than Rs 235 million in cash was burnt and destroyed, while over Rs 320 million was looted during the Gen-Z protests held on Bhadra 23 and 24, according to an official damage assessment report prepared by the government. The findings are part of the Damage Assessment and…
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Election Commission allows sale of voter details; nationwide data priced at Rs 10,000
by Nepal Pulseby Nepal PulseKathmandu — The Election Commission has introduced a provision allowing political parties to purchase voter details by paying a fixed fee, as per the House of Representatives election guidelines issued by the commission. According to the guidelines, political parties can obtain voter details from across the country by paying Rs…
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Salpa Bikas Bank IPO Allotted, Check Results Through Three Official Platforms
by Nepal Pulseby Nepal PulseKathmandu- The initial public offering (IPO) of Salpa Bikas Bank Limited has been allotted today, Poush 10, amid heavy oversubscription. The IPO allotment process was completed at 9:30 am at Muktinath Capital, the issue and sales manager of the bank. Salpa Bikas Bank had issued a total of 1,439,179 units…
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Asha Microfinance Founder Shares Put on Sale
by Nepal Pulseby Nepal PulseKathmandu: Asha Laghubitta Bittiya Sanstha Limited has put 45,000 units of promoter (founder) shares up for sale. According to the company, the promoter shares being offered belong to the founding shareholders, and only existing promoter shareholders of the institution are currently eligible to purchase these shares. The minimum selling price…
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Kathmandu- Palpa Cement Industries Limited has opened the sale of its initial public offering (IPO) from today, Poush 25, targeting project-affected local residents and Nepali citizens working abroad with valid labour permits. Read this:-Palpa Cement IPO Sparks Protest Over Exclusion of Locals, Devdaha Municipality Writes to Company The company received…
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Kulman Ghising Wanted Immediate Exit from RSP After Resigning as Minister
by Nepal Pulseby Nepal PulseKathmandu- Former Minister for Energy, Physical Infrastructure and Urban Development Kulman Ghising wanted to immediately announce his withdrawal from the Rastriya Swotantra Party (RSP) after submitting his resignation on Wednesday. However, leaders of the Ujyaalo Nepal Party (UNP) intervened and persuaded him to hold at least one decisive round of…
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Public Service Commission Postpones Undersecretary-Level Exams Citing Election Duties
by Nepal Pulseby Nepal PulseKathmandu- The Public Service Commission (PSC) has postponed the written examinations for the post of Undersecretary (Gazetted Second Class, Non-Technical), which were scheduled to begin from Magh 10, 2082. The decision was taken in response to a formal request from the Election Commission, citing the heavy deployment of civil servants…
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Auditor Appointment at Agricultural Development Bank Contradicts Law, Sparks Dispute Between ICAN and Auditors
by Nepal Pulseby Nepal PulseKathmandu- The appointment of auditors at the Agricultural Development Bank (ADB) has come under serious legal scrutiny, with questions raised over clear violations of existing company law and disagreements emerging between the bank, auditors, and the Nepal Institute of Chartered Accountants (ICAN). The controversy dates back to last year’s 18th…
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Physical Reconstruction of Gen-Z Movement Damage Estimated at Rs 36.25 Billion
by Nepal Pulseby Nepal PulseKathmandu- The physical reconstruction required after the damage caused during the Gen-Z Movement on Bhadra 23 and 24 is estimated to cost Rs 36.25 billion, according to a government assessment report. A five-member committee formed by the Council of Ministers on October 20, under the coordination of the Secretary of…