143 cases of gender-based violence reported in Nepali month of Asoj

As many as 143 cases of violence against women were reported from all over the country in the month of Ashoj (mid-September to mid-October), a report says. According to the data maintained by Women Rehabilitation Centre (WOREC), a total of 84 cases of domestic violence and 21 cases of rape were reported in the period. Similarly, nine cases of social violence, 11 cases of murder, eight cases of sexual violence, two cases of women trafficking, three cases of attempt to rape and four cases of suicide...

Rapti Sonari and Narainapur locals become happy after electricity reaches their area

Residents of Rapti Sonari and Narainapur rural municipalities of Banke district have expressed happiness for getting electricity for the first time during Tihar festival. Exchanging their happiness with Minister for Internal Affairs and Communications of Lumbini Province Tilak Sharma and Provincial Assembly Member of Lumbini Province Krishna KC, who arrived in Baghauda to inspect the area immediately after Tihar, they said that this year's festival was historic for them.

Follow Fiscal Discipline

The national economy, battered by COVID-19, is now limping back to normalcy. In the last more than one-and-a-half years when the pandemic raged, almost every sector came to a grinding halt with the imposition of extended lockdown and strict prohibitory measures. The economic fallouts of the pandemic remained severe as millions of Nepalis living at home and abroad lost their jobs. Though the risk of COVID-19 has not full

Tackling Liquidity Crisis

The Nepali banking sector, from the beginning of the second month of the current fiscal year 2021/22, has been experiencing a shortage of loanable fund. Some people even consider it as liquidity shortage. Liquidity implies the availability of cash or financial assets which can be easily converted into cash in short notice. There is no liquidity shortage for running payment systems in the economy, though. However, there is not enough excess liquidity or loanable fund for lending in the banking system...

Cut Wasteful Public Expenditures

The federal governance arrangement in Nepal has been defined by inter-tier allocation of the functions with national, provincial and local levels exercising their constitutionally assigned mandates and competencies. According to the federal arrangement, several apparatuses and agencies controlled and managed so far by the central (federal) government have to be either disbanded if they are irrelevant, repurposed or transferred to the purview of the sub-national governments-Pradesh (state) and local...

Multidimensional Impacts Of COVID

The COVID-19 pandemic has hit most of the countries, including Nepal. However, it has disproportionately affected the most marginalised sections of society in a multidimensional way. Such impacts have long-term implications for socio-economic development. Isolated emergency response may be good to address the immediate needs. But it is critical for all the stakeholders to come together, and collectively address the challenges with comprehensive analysis, strategies and long-term recovery plans, especially...

Former minister busy beekeeping, motivates other to join her

Maya Bhatta, former Minister for Industry, Tourism, Forests and Environment of the Sudurpaschim Province, has been earning Rs. 300,000 annually from bee keeping. Bhatta, who is a member of the Provincial Assembly from the Communist Party of Nepal (Unified Socialist), has been making the earnings from the bees kept in her own house in Dasharathchanda Municipality-5 in Baitadi.

Govt’s adaptation plan aims to boost climate resilience

The government has approved the National Adaptation Plan (NAP) for Climate Change which aims to reduce the country’s vulnerability to climate change, and to facilitate the integration of climate change adaptation into policies, programs and activities. “The NAP aims to reduce the risk of impact by integrating climate adaptation into different levels of government and thematic areas and contribute to economic prosperity by building a climate-resilient society,” said joint secretary and spokesperson...

Nepal, S.Korea agree to renew EPS

Nepal and South Korea have agreed on the need to renew the memorandum of understanding on the Korean Employment Permit System (EPS) at the earliest. The two couontries decided on the need at the fifth meeting of the bilateral consultation mechanism between Nepal and South Korea held in Kathmandu on Tuesday. According to the statement issued by the Ministry of Foreign Affairs (MoFA), the decision was made while underscoring the contribution of Nepali workers in Korea to the economies of both countries. Nepal...

Governor tells banks not to look for immediate profits

Kathmandu, Nov. 10: Governor of the Nepal Rastra Bank, Maha Prasad Adhikari suggested the banks and financial institutions (BFIs) to look for the long-term profits rather than immediate unusual profits. Reminding their mediatory role at the annual function of Nepal Bankers’ Association (NBA), he said that the BFIs must not charge exorbitant fees for their services. “The central bank was forced to make interventions in some BFIs as the