Imported fabrics put local Khadi fabrics on verge of extinction

“Almost every house used to weave Khadi in the past, but now it is on verge of extinction. It is a sad moment to witness how people have left the tradition now,” said 62-year-old Asar Maya Rai.

Biden: Senate filibuster change on debt a ‘real possibility’

To get around Republican obstruction, President Joe Biden said Tuesday that Democrats are considering a change to the Senate’s filibuster rules in order to quickly approve lifting the nation’s debt limit and avoid what would be a devastating credit default.

Russian film crew blasts off to make first movie in space

A Russian actor and a film director rocketed to space Tuesday on a mission to make the world’s first movie in orbit. Actor Yulia Peresild and director Klim Shipenko blasted off for the International Space Station in a Russian Soyuz spacecraft together with cosmonaut Anton Shkaplerov, a veteran of three space missions. Their Soyuz MS-19 lifted off as scheduled at 1:55 p.m. (0855 GMT) from the Russian space launch facility in Baikonur, Kazakhstan and successfully reached the designated orbit.

25,000 neem saplings planted in Dhanusha

Twenty-five thousand saplings of neem plant (Azadirachta indica), have been planted in Dhanusha. Neem saplings have been planted in different areas of the district under the ‘multi-purpose plant neem tree’ planting campaign. General Secretary of the Province-2 Forest Technical Society and environmentalist Suresh Sharma and chairman of Mithila Wildlife Trust Dhanusha Devnarayan Mandal have jointly launched the campaign. The campaigners have been working to increase the use of the plant by spreading...

Dibharna Rock Garden awaits tourists

The rock garden in Dibharna, Sandhikharka Municipality-11, Arghakhanchi, is an idyllic tourist destination. Yet, the very thing it lacks is tourists. The rocks here are completely untouched by man; they have been solely sculpted by nature.

Dr. Khadka to lead high level team to NAM meeting

The government Tuesday decided to form a Nepali delegation led by Minister for Foreign Affairs Dr. Narayan Khadka to participate in the Commemorative High Level Meeting of the countries participating in the Non-Aligned Movement (NAM) to be held from October 10 to 14.

Evidence suggests ship anchor snagged, dragged oil pipeline

Evidence emerged Tuesday that a ship’s anchor snagged and dragged an underwater pipeline that ruptured and spilled tens of thousands of gallons of crude oil off Southern California, an accident the Coast Guard acknowledged it did not investigate for nearly 10 hours after the first call came in about a possible leak.

NRB allows banks to issue SBLC of up to $5 million

Commercial banks and national level development banks in Nepal can now issue Standby Letter of Credit (SBLC) to any firm, organisation or agency to run business activities and obtain loan in foreign countries. The Nepal Rastra Bank has enacted this facility for the first time by amending its Unified Directives, 2019's circular 14/2019, said Dev Kumar Dhakal, Spokesperson for the central bank. Foreign Exchange Management Department of the central bank informed in a notice published on Tuesday that...

Civil Bank’s chairman Tamang, 11 others nabbed for embezzling Rs. 708 million

The Central Investigation Bureau (CIB) arrested a dozen individuals, including Ichchha Raj Tamang, chairman of Civil Bank, on charge of fraud from different parts of Kathmandu on Monday and Tuesday. According to CIB, the group had cheated over Rs. 708 million through Civil Savings and Credit Cooperative Limited. The arrested individuals are the management committee members and employees working at the cooperative. Tamang is the former chairman of the cooperative and a former lawmaker representing...

Economists’ Wake-up Call

In a worrying sign, Nepal’s economy has been facing serious headwinds recently, mainly because of the dwindling inflow of remittances, according to a macroeconomic NRB report published recently. The report shows that the remittance inflows plunged by 18.1 per cent to Rs. 75.96 billion in the first month of the current fiscal year in contrast to an increase of 23 per cent in the same period of the previous year. That has begged the question: why is that happening against