Nepali Congress (NC) Central Office Monday organised a tree plantation ceremony to mark the 26th remembrance day of the party's founding leader late BP Koirala.
On the occasion, NC central leaders and party cadres planted diverse kinds of plants along the Bagmati river banks at Balkhu.

The participants discussed the contribution of late Koirala in the Nepali politics.

Initials PPA for ADB-promoted Hydroelectric Power Project

90 per cent of the power will be bought by India

Nepal will get a revenue of $60 million per annum

NEW DELHI: The Power Trading Corporation (PTC) and Australian company Snowy Mountain Corporation have initialled a Power Purchase Agreement (PPA) for the Asian Development Bank-promoted 750 MW West Seti Hydroelectric Power Project in Nepal.

- Following its lackluster performance, the Government of Nepal and World Bank (WB) have restructured the Power Development Fund (PDF).
PDF will no longer exclusively invest in small and medium power projects as it was initially supposed to do. The Fund is currently studying areas in which it can most effectively invest to promote hydropower development.

As reports of natural calamities -- inundation, landslides, windstorm, flood -- in this monsoon season come in a large scale, the Home Ministry, which is responsible for providing rescue and relief to victims of disasters, now on will prioritize disaster prevention measures in a bid to minimize the affects of natural disaster as part of long term plan, said a ministry official.

Nepal posted economic growth of 4.7 percent in producers' price -- highest in seven years -- in 2007/08, but failed to check rise in unemployment, which went up contrary to general expectations due to a sharp shrinkage in the manufacturing sector. Manufacturing sector, the mainstay of semi and unskilled urban employment, grew at a squeezed rate of 0.18 percent during the year, whereas it had grown by 2.55 percent last year. "Lack of fresh recruitment in the public sector also contributed to the rise in unemployment," says the Economic Survey for 2008/09.

Transportation workers of Butwal, Rupandehi district seized two tankers from the regional office of Nepal Oil Corporation (NOC) at Bhairahawa and distributed it to entrepreneurs at the existing rate on Sunday. They resorted to such an action saying that shortage of petroleum goods was creating hand-to-mouth problem. The workers affiliated to All Nepal Transportation Workers Union, Rupandehi, brought the tankers at local Durga Diesels at Bhairahawa and gave the fuel away to entrepreneurs.

Floods and landslide triggered by incessant rains claimed lives and wreaked havoc at various places in the country in the past two days. So far four people have been killed and property worth million of rupees damaged in floods and landslide that hit mid-western Salyan, Gulmi, Jajarkot and Nawalparasi districts. People were also displaced at some places due to the natural calamity. The Kathmandu Post reported that Purna Bahadur BK and Rudri Pun of Bame VDC of Salyan district were killed on the spot and another sustained injuries in a landslide on Saturday.