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Nepal's Market Crisis: Unchecked Price Hikes and Regulatory Failure
Kathmandu. Fruit markets are currently seeing exorbitant prices for bananas. In the valley's retail markets, ripe bananas are being sold for 350 to 400 rupees, while traders note that farmers receive only 60 to 80 rupees per dozen. While other fruits have also seen price increases, the surge in banana prices is considered unnatural.Cooking gas remains difficult to find in the market. Consumers complain that when exchanging one cylinder for another, they are forced to pay arbitrary prices ranging from 500 to 1,000 rupees, whereas exchanges previously cost only 200 to 300 rupees.Following the government's announcement of new rates, public...
SEBON Chairman Santosh Narayan Shrestha to Resign
Kathmandu. Santosh Narayan Shrestha, Chairman of the Securities Board of Nepal (SEBON), is set to resign. He informed the board members of his decision during a meeting held on Friday.The board meeting took place at 5:30 PM today. A board member told Ratopati that Shrestha expressed his intention to resign soon and thanked the directors for their support during his tenure.He had previously faced repeated pressure from the government to step down. Former Finance Minister Rameshwor Khanal had increased pressure by directing him to revoke employee benefits in accordance with the board's staff regulations, though he did not resign at...
Iran Reopens Strait of Hormuz to Commercial Shipping Following Israel-Lebanon Ceasefire
Iran announced on Friday that it would open the Strait of Hormuz to commercial vessels for the duration of the ceasefire. This decision follows the agreement between Israel and Lebanon to implement a 10-day ceasefire.With the 10-day Israel-Lebanon ceasefire now in effect, the United States has indicated that the truce could potentially be extended.Israeli Prime Minister Benjamin Netanyahu expressed hope that this creates an opportunity for a 'historic agreement' with Lebanon. The Iran-backed Hezbollah has also stated it will abide by the ceasefire agreement, with the militant group demanding that Israel cease attacks on Lebanese soil and halt Israeli military...
बुढी गण्डकी जलविद्युत आयोजनामा सभामुखको चासो, सम्बन्धित मन्त्रालय तथा निकायका प्रतिनिधिसँग छलफल
सभामुख अर्यालले आयोजनाको निर्माण प्रक्रियालाई तीव्र गतिमा अघि बढाउन आवश्यक कानुन निर्माण तथा संशोधन गर्ने बताउँदै कार्यान्वयनलाई फास्ट ट्र्याकमा लैजानुपर्ने बताएका थिए।
