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Machhapuchre Bank to distribute 10 percent cash dividend

By Our Reporter The board meeting of the Machhapuchre Bank Ltd held recently has decided to provide 10 percent dividend to its shareholders from the net profit earned by the Bank in the last fiscal year. The Bank, after approval by the Nepal Rastra Bank, will distribute the dividend to …

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RCSC observes 62nd anniversary of Nepal-Russia relations

By Our Reporter On 16 November, a solemn event dedicated to the 62nd anniversary of the establishment of diplomatic relations between Nepal and Russia took place. The event was organized by the Russian Center for Science and Culture (RCSC) in cooperation with the Nepal-Russia Friendship and Cultural Association, Mitra Kunj …

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‘Debt trap’ slur shows West’s double standards

BY SHEN SHIWEI “Debt trap” diplomacy in Western media has become more of a political propaganda than economic analysis despite facts from recipient countries making it clear that China is a major economic contributor and not involved in laying out a debt trap. Kenyan President Uhuru Kenyatta asked in a …

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Bamdev Gautam backs 21 CC members

Kathmandu, 26 November: Bamdev Gautam has asked the party leaders to respond the memorandum letter submitted by 21 CC members At the party secretariat meeting, Gautam has asked to respond the memorandum submitted by the CC members. 21 CC members had submitted a memorandum letter addressed to party chairmen KP …

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PM violates cabinet decision

Kathmandu, 25 November: Under the written instruction of the Prime Minister KP Sharma Oli, the Tribhuvan University has given affiliation to the private educational institutions. The instruction is against the very cabinet decision led by PM Oli. In the past, the cabinet meeting chaired by Oli had decided to stop …

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Nepali politics is sick

By Pushpa Raj Pradhan There is a government which secures two-thirds majority, but the government is not functioning at all. The two political parties – the UML and the Maoist Center – were merged into the Communist Party of Nepal (CPN), but the new unified party is not functioning. Regular …

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Fate of EPG report uncertain

By Our Reporter The report of Eminent Persons’ Group (EPG) on Nepal-India Relations, prepared by the experts from the two nations five months ago, has not been accepted by Indian Prime Minister Narendra Modi citing his busy schedule. However, sources said that Prime Minsiter Modi was hesitating to accept the …

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Nepal Airlines seeks bailout

By Our Reporter Officials at the Nepal Airlines Corporation presented a bleak picture of the organisation by issuing a white paper last week. They said the NAC might face bankruptcy if the government does not provide capital to it. We have been dragged into financial stress so that t we …

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Dispute deepens in NC

By Our Reporter At a time when the Nepali Congress is preparing to hold its Mahasamiti meeting in Kathmandu next month, dispute in the party has further deepened with the rival factions led by senior leaders Ram Chandra Poudel and Krishna Sitaula holding separate meetings and the unity among the …

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