NRB tightens interest rates to single digits
Nepal Rastra Bank has tightened its grip on interest rates. The NRB had intervened in the first week of November after the banks aggressively raised interest rates on deposits, saying that it should not be reduced more than 10 percent at a time.
The integrated directive issued for Class A, B and C banks and financial institutions on Sunday further tightened the average and minimum interest rates (excluding call deposits) by changing the average to a maximum of 10 percent.
Rabindra Mishra united with Darwar Party
There will be party unity between the discriminative common party led by Rabindra Mishra and Milan Pandey, Citizens Discussion Forum and Janata Durbar Party. According to a statement issued by Vibekshil Saja Party spokesperson Sharad Raj Pathak on Sunday, the party will be merged with Vibekshil Saja, Citizens Discussion Forum and Janata Durbar Party.
He informed that the meeting of the Central Committee of the Vibekshil Saja Party held on Sunday approved the unity agreement with a two-thirds majority. According to spokesperson Pathak, the name of the Unified Party will be Vibekshil Saja Party and Rabindra Mishra will be the sole executive chairman of the party.
Milan Pandey, coordinator of the Vibekshil Saja Party, which has been dissatisfied with the Mishra group, has not yet commented on the party’s unity. However, party spokesperson Pathak said in a statement that the decision to merge the Discretionary Common Party with the Citizens Discussion Forum and Janata Durbar Party was taken by a two-thirds majority.
Bar’s letter to the judges not to sit in the court appointed by Jabra
The Nepal Bar Association has sent separate letters to 19 judges of the Supreme Court urging Chief Justice Cholendra Shamsher Jabra and others not to attend the session.
Bar Secretary General Lilamani Poudel said that she had sent letters to all the judges. He said, “We have sent a letter requesting the Chief Justice not to sit in the designated court and not to hear the case as we have demanded his resignation with serious allegations.”
Two and a half lakh doses of vaccine were brought to control the spread of cholera in Kapilvastu
Two and a half lakh doses of vaccine against cholera have arrived in Nepal. Two hundred and fifty two thousand doses of oral vaccine were brought on Sunday to control the spread of cholera in Kapilvastu.
The vaccine was brought to Nepal with the help of World Health Organization, GABI and UNICEF. A total of 1,364 people have been infected so far due to the spread of cholera in Krishnanagar of Kapilvastu district. According to the Ministry of Health and Population, two persons are currently undergoing treatment at the hospital.
68 killed in Ecuador prison crash
At least 68 people have been killed in clashes at an Ecuadorian prison. Authorities say he was killed in a head-on collision between two groups inside the prison. There are about 700 inmates in the jail.
Earlier, 119 people were killed in a stampede at the same prison inside the Littoral Penitentiary last September. This year alone, some 300 prisoners have died in Ecuador’s prisons.
Baitadi enters semifinals
Baitadi has entered the semi-finals of the state level selection of the YY Under-19 National Cricket Tournament with its second consecutive victory. In the match played on Sunday, Baitadi stunned Bajhang by 5 wickets and secured the last four. Earlier, Baitadi had defeated Darchula by 92 runs in the first match on Saturday.
Pollution in Delhi: School and construction services closed for a week. Government employees work from home
Delhi Chief Minister Arvind Kejriwal has made various announcements to address the problem of pollution. He said the school would be closed for a year, construction work would be stopped and government employees would work from home.
The chief minister said his government would also submit a proposal to the Supreme Court after the emergency meeting on Saturday.
Describing the rise in air pollution as a state of emergency, the Indian Supreme Court on Saturday directed the central government and the Delhi government to take immediate steps such as banning and banning vehicles to improve air quality.
Chief Minister Rajendra Rai registered the motion for a vote of confidence
Chief Minister of State 1 Rajendra Rai has registered a motion in the state assembly today (Sunday) for a vote of confidence. As there was a provision to register the motion of confidence in the Parliament Secretariat two days ago, the Chief Minister has registered the motion today through his personal secretary Sandeep Rai.
A proposal to register a vote of confidence in the state assembly meeting to be held at 12:30 pm on Tuesday was registered today, said Rai, Rai’s personal secretary.
Rai, a CPN (Unified Socialist) leader from a five-party alliance, was appointed chief minister on October 30. He has been saying that he will expand the government only after taking a vote of confidence on Tuesday.
The issue of court was raised in the meeting of the Congress Central Committee
Nepali Congress central member Gagan Thapa has said that the party should not remain silent about the developments taking place in the Supreme Court. Speaking at a meeting of the Central Working Committee held at Budhanilkantha on Sunday, he said that the party and the system would have to pay the price if they did not talk about the court. Thapa had drawn the attention of Chairman Sher Bahadur Deuba, who is also the Prime Minister, saying that a decision should be reached after discussing the court.
Nepse fell by normal numbers
On Sunday, the first trading day of the year, the Nepal Stock Exchange (NEPSE) has declined by a normal number. The NEPSE index closed at 2,688.92 points, down 1.38 points on Sunday. The turnover was Rs 4.96 billion. Mahalakshmi Development Bank is doing the most business. The bank has transacted more than Rs 270 million.
According to Nepse, the share prices of four of the companies traded on Sunday have risen sharply. Bottlers Nepal’s share price has risen 10 percent to Rs 11,825 per share. The share price of Mahalakshmi Development Bank has risen to Rs 785 per share, the share price of Tehrathum Power Company has risen to Rs 439.40 per share and the share price of Manushi MFI has risen to Rs 1,021.50 per share.
Similarly, investors in hydroelectric investment and development companies have suffered the most. The company’s share price has fallen 10 percent.