Public transport fare hiked across Bagmati Province

The Ministry of Physical Infrastructure and Development of Bagmati has hiked the fare of public vehicles operating across Bagmati Province. The ministry informed of the hike through a statement on Wednesday and stated that the new fare will be implemented from October 18.

Army to provide bus, air services to its personnel in Dashain

The Nepali Army has decided to provide bus and air services to the Nepali Army personnel and their dependent families who want to go home on Dashain leave on a discounted rate. The Nepali Army has stated that the Army Headquarters will provide concessional transport facilities for those going home on Dashain leave.

Cooperatives need regulating body: FM Sharma

Finance Minister Janardan Sharma said that Nepal needed a regulating body for the cooperatives sector. “There are embezzlements of funds in the cooperatives but the sector lacks a regulating mechanism,” he said while addressing the 15th anniversary programme of Syuchatar Saving and Credit Cooperative Organisation on Thursday.

Live art festival organised to help children with cancer

With the aim to support Nepali art, promote the country as an art destination and support children battling cancer, the Museum of Nepali Art (MoNA) organised a “live art congregation” at Kathmandu Guest House, Thamel on Thursday.

City Mart comes into operation in Ilam

City Mart, built with the objective of uniting the business area of Ilam Bazaar, the district headquarters, has come into operation from Thursday. The Mart has been constructed by Ilam Municipality by managing the clothing and vegetable markets adjacent to the main Chowk of Ilam Bazaar.

Senate dodges US debt disaster, voting to extend borrowing

The Senate dodged a U.S. debt disaster Thursday night, voting to extend the government’s borrowing authority into December and temporarily avert an unprecedented federal default that experts warned would devastate the economy and harm millions of Americans.

CNI urges to take immediate measures to resolve current liquidity problem

The Confederation of Nepalese Industries (CNI) has drawn attention of the government and Nepal Rastra Bank to the increasing liquidity pressure on banks and financial institutions and the rise in interest rates. Issuing a press statement Thursday, the CNI said that the problem would be resolved immediately if the government and the NRB remained vigilant against the pressure on liquidity and interest rates. The banks and financial institutions and industrialists have concluded in their discussions...

MCC Should Go Ahead

Nepal’s private sector has called on the government, political parties and other stakeholders to pass the Millennium Challenge Corporation (MCC) Nepal Compact immediately saying that this key infrastructure project is crucial for propelling development of the country. Issuing a joint statement on Wednesday, three umbrella organisations of the private sector – Federation of Nepali Chambers of Commerce and Industry (FNCCI), Confederation of Nepalese Industries (CNI) and

Freedom Is Not Absolute

When I was an undergraduate student in early 1980s, my English professor came into the classroom with an essay written by an eminent English writer GB Shaw one fine day. The essay was entitled “Freedom” which delineated what Shaw exactly meant by freedom. As the professor explained, Shaw critically viewed freedom not as an absolute state of affairs but as a relative concept. According to Shaw, a person can be really free when they are free to do whatever they like, whenever

Renewal Of Multilateralism

At a time of unprecedented array of interconnected global challenges, the need for renewal of multilateralism looks more urgent than ever. When the founding fathers of the United Nations visualised the establishment of an international organisation 76 years ago, the core objectives were to secure peace, security and development. Established in the wake of devastating Second World War, the obsession of the organisation was to save the succeeding generations from the scourge of war. While this fun