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Former President of the Nepal Chamber of Commerce Rajendra Malla has said that Nepal must utilize barren land and channel remittance into productive sectors to revive the country’s slow economy. He expressed these views while speaking at a discussion program on “Contemporary Issues of the Economy” organized by the Nepal Chamber of Commerce on Sunday. Malla said the government must introduce policy reforms and prioritize these two sectors. Suggesting measures that can be implemented immediately to raise the current low economic growth rate of 2.1% GDP, he said: “The central government should formulate a policy in coordination with local levels…

Nepali Congress General Secretary Bishwaprakash Sharma has warned that he will resign from his post if the party does not hold its General Convention before the March 5 (Fagun 21) elections. During a meeting with party President Sher Bahadur Deuba on Sunday, Sharma said he would step down if the issue of the special general convention is not addressed. Deuba, who recently returned after 18 days of medical treatment in Singapore, has been holding informal discussions with party leaders since Friday to resolve internal disputes. As part of this initiative, he held a one-hour discussion with Sharma on Sunday. In…

The Nepali Congress has formally notified Speaker Devraj Ghimire that the party will not support the reinstatement of the dissolved House of Representatives. On Sunday afternoon, Nepali Congress Chief Whip Shyam Kumar Ghimire and UML Chief Whip Mahesh Bartaulā met Speaker Ghimire. During the meeting, Shyam Kumar Ghimire said the party had no unanimous position in favor of reinstatement, making it impossible for the Congress to move in that direction. In the informal meeting, Ghimire conveyed that the dissenting faction within the party, including General Secretary Gagan Thapa, was not in favor of reinstatement, which prevented the party from taking…

According to the Election Commission, a total of 122 political parties are currently registered in the country. At a press conference on Sunday, the Commission's spokesperson Narayan Prasad Bhattarai said that the same number of parties that were registered on the day of the election announcement remains unchanged today. During this period, seven political parties were deregistered, while seven new parties received registration certificates.Among the deregistered parties, one was removed as per a Supreme Court order, while the remaining six were dissolved at the request of their own leadership. Currently, 28 parties are in the process of registration at the…

The IPO issued by SY Panel Limited for the general public has been allotted. On Sunday, the issue manager Prabhu Capital Limited completed the IPO allotment process. A total of 407,615 applicants received 10 shares each, while 6 applicants received 1 share each. Out of 2,189,773 total applications submitted, 2,087,320 were approved and 18,054 applications were rejected, according to Prabhu Capital. The company had issued a total of 4,076,156 shares. Of these, 248,546 shares were reserved for mutual funds and 149,127 shares for company employees. SY Panel Limited had received approval from the Securities Board of Nepal (SEBON) on Bhadra…

Gen-Z movement activist Sudan Gurung has announced that the second phase of the campaign is about to begin. Claiming that the Gen-Z movement has now expanded across the country, Gurung stated that preparations for the next phase are underway. In a social media post, he said that Gen-Z solidarity programs have already been completed in all 7 provinces, all 77 districts, and from local levels down to ward levels. According to Gurung, the upcoming phase aims to involve more Nepalis in the national transformation campaign. He emphasized the need for unity among “nation-loving” Nepalis rather than party loyalists. He also…

The dispute within the Nepali Congress regarding the timing of the General Convention has intensified, prompting party president Sher Bahadur Deuba to take an active role in resolving the issue. Returning from Singapore after 18 days of medical treatment, Deuba began meeting leaders from Saturday to initiate dialogue for a settlement. Since he had assigned the responsibility of Acting President to Vice President Purna Bahadur Khadka, Deuba has been engaging in informal discussions instead of formal meetings. On Saturday morning, Khadka briefed Deuba about the disagreements raised during the month-long Central Committee meeting. Following the briefing, Deuba met spokesperson Dr.…