The English-language edition of Onlinekhabar, Nepal’s widely-read digital news outlet.
A joint government damage assessment estimates Rs 390 billion is needed to rebuild energy infrastructure after Bhotekoshi and Trishuli flooding damaged 13 hydropower projects with a combined 783 MW capacity in Rasuwa and Nuwakot.
Nepal’s benchmark NEPSE index fell 13.85 points to close at 2,531 on Thursday, extending Wednesday’s decline; turnover eased to Rs 3.99 billion and most sector indices slipped.
The Department of Cooperatives has barred federations from new savings and lending activity, giving them three years to merge into or form a cooperative bank under the amended Cooperatives Act.