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| Archive of May 2010 |
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NEPSE gain of 26.95 on Sunday
The extension of the Constituent Assembly's tenure has had a positive impact on the secondary market. The Nepal Stock Exchange (NEPSE) has responded positively to the deal made by the major political parties, with the benchmark index posting a double-digit gain of 26.95 points on Sunday.
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Chitawan Hospitals have resumed services from Monday
Hospitals in Chitwan, that had remained closed for two weeks in protest of the abduction of Dr Bhakta Man Shrestha, have resumed services from Monday.
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CA strategies to complete constitution writing by February
The Constituent Assembly (CA) secretariat has prepared a revised calendar of events for writing the constitution with a plan to promulgate new constitution on February 26, 2011, three months before the CA term expires, Rajdhani daily reported.
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Maoist conclude NC and CPN (UML) miss interoperate on Friday agreement
The Unified CPN (Maoist) has urged the main ruling parties CPN (UML) and Nepali Congress to implement the three-point agreement reached on Friday night. The Maoist party has also complained that the ruling parties are trying to interpret the agreement according to their convenience.
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Extension of CA's tenure by one year
Much to the relief of the entire nation, the eighth amendment bill has been passed with overwhelming majority at 1:29 pm following a voting on it at the legislature parliament. The passage of the bill has now cleared the way for the extension of Constituent Assembly (CA)’s tenure by one year.
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Poverty decrease down by 6 percent
Nepal has achieved poverty reduction by 6 percent during the ongoing Interim Plan 2007-10. According to a mid-term review of the three-year plan, the poverty level has dropped from 31 percent to 25.4 percent.
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NEPSE gains 0.58 points
The stock market struggled hard on Sunday to remain above the negative line. The benchmark index of the Nepal Stock Exchange registered a gain of 0.58 point to settle at 462.58 on the opening day of the week.
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NC leaders meet PM
Nepali Congress leaders have reached the official residence of Prime Minister Madhav
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UCPN(Maoist) meeting resuming today too
The UCPN-Maoist leadership, which has been meeting since the last three days, is resuming its central committee meeting today also. The party is divided over future course of action given the divergent views coming from sections of the party.
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CA chairman asks parties to build agreement by Monday
Constituent Assembly (CA) chairman Subash Chandra Nemwang has urged the political parties to forge a consensus by Monday to enable the CA to proceed and complete the process for Constituent Amendment before May 28.
The CA chairman said, the process of constitution amendment cannot be completed before May 28, if the process does not start on Monday.
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Maoist leaders refused to support for CA without assurance of PM’s resignation
Unified CPN (Maoist) has rejected CPN (UML)'s latest call for support for the extension of Constituent Assembly's term, Sunday.
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NT cut 3G subscription cost
In a bid to widen its customer base, Nepal Telecom (NT) has reduced the price for subscribing 3G pre-paid and post paid mobile phone by 48.42 and 40 percent.
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NEPSE had gained 21.45 points in last week.
The capital market continued its rising trend last week, the second successive week, although it came down for two trading days.
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Maikhola project at finishing phase
Construction of Maikhola Micro Hydro Power Project in Ilam has reached to its final phase.
Construction of the project commenced only 20 months ago, but is expected to produce electricity within the month of Asadh, the project informed.
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Workers look unhappy upon ‘No work no pay’ policy
Industrial Policy 2067 introduced in a gap of eighteen years brings no smiles in the face of the workers.
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Hospitals across the country closed also today
Health institutions across the country including government and private hospitals, clinics, nursing homes, teaching hospitals and health posts have remained closed Sunday except for emergency and internal services in protest of government apathy in finding a doctor who has gone missing since Tuesday.
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UML seeks all-party support for CA term extension
CPN (UML) has urged Unified CPN (Maoist) and other parties to cooperate for extension of the Constituent Assembly (CA)'s tenure.
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Norwegian Minister Eric Solheim has arrived
Norwegian Minister for Environment and International Development Eric Solheim arrived in Kathmandu on a whirlwind visit Friday morning.
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Relation and effect between politics and economy
The world economic crisis that was onset by the sub-prime mortgage delinquencies in the US in the later half of 2007 has now come to an end. The global economy is expected to revive strongly in the year 2010.
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Dahal clarified party's plan to declare 'constitution' from streets
Maoist chairman Pushpa Kamal Dahal Thursday clarified that his party is not going to declare what it calls the people's constitution from the streets on May 29 if the Constituent Assembly gets dissolved.
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Queen ELizabeth anxiety about Nepal
Queen Elizabeth II has expressed concern at the political turn of events in Nepal. She demonstrated concern while receiving credentials from Dr Suresh Chandra Chalise, newly appointed ambassador of Nepal to the United Kingdom.
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NEPSE gain a remarkable 12.79 points
The Nepal Stock Exchange (NEPSE) has on Tuesday gained a remarkable 12.79 points to end at 431.56 points.
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Food shortage looms large in western hilly districts
Hilly districts of the mid and far western regions are likely to face shortage of food as transportation of food grains in the districts has stopped for over a month.
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Congress leaders meet Prachanda
Meanwhile, Nepali Congress (NC) leaders including Krishna Sitaula, Narahari Acharya and Chakra Prasad Bastola also met Maoist chairman Pushpa Kamal Dahal at his residence in Nayabazaar, Wednesday morning.
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CA chairman Nemwang confers with Prachanda on current political impasse
Constituent Assembly chairman Subash Chandra Nemwang has conferred with opposition leader Unified CPN (Maoist) chairman Pushpa Kamal Dahal on issues related to current political deadlock at the latter's residence in Nayabazaar, Kathmandu, Wednesday morning.
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Maoists gathered around Shiga Darbar & DAOs of 75 District
Thousands of cadres affiliated to the Unified CPN (Maoist) have gathered around Singha Durbar, the administrative hub of the country, and staged demonstrations chanting slogans against the present government, Sunday.
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PM Welcomed the decision of the Maoist leadership
Prime Minister Madhav Kumar Nepal has welcomed the decision of the Maoist leadership to withdraw the nationwide general strike they had called for last six days.
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NC,UML welcomed Maoist decision
Nepali Congress (NC) and CPN (UML) leaders have welcomed the Unified CPN (Maoist) decision to call off its general strike.
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NC,UML welcomed Maoist decision
Nepali Congress (NC) and CPN (UML) leaders have welcomed the Unified CPN (Maoist) decision to call off its general strike.
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PM Welcomed the decision of the Maoist leadership
Prime Minister Madhav Kumar Nepal has welcomed the decision of the Maoist leadership to withdraw the nationwide general strike they had called for last six days.
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Today's situation is normal throughout the country
Normal life throughout the country that was badly hit by the prolonged general strike of the Unified CPN (Maoist) is returning to normalcy from Saturday after the withdrawal of the strike.
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Maoist general strike enters day 3, minor incidents of violence at some places
The nationwide general strike called by the Unified CPN (Maoist) entered into the third consecutive day on Tuesday, bringing normal life to a complete halt.
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Rajendra Man Shakya, Chief Executive Officer of CMB Finance Limited, a versatile and reputed professional in the financial sector of Nepal, spoke to Nepal Business Times regarding the economic scenario, financial and banking sector of Nepal and the progress achieved by CMB over the years. Excerpts: 
Shekhar Raj Bastakoti
