MAIN OPPOSITION, PM KHANAL DISCUSSIONS

NC, PM KHANAL MEET

Kathmandu, 7 June: A delegation of main opposition NC is holding a meting with Prime Minister Jhalanath Khanal later Tuesday.
The main opposition leadership will brief the government’s on the decisions taken by the party central working committee Monday.
NC decided a five-point tripartite agreement between the Big Three should be fully executed and explained e
The party which called a government ‘caretaker’ Khanal not to take major administrative decisions
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SPECIAL COMMITTEE MEETS FOR SECOND CONSECUTIVE DAY TUESDAY

Kathmandu, 7 June: A special committee for the integration, resettlement and supervision of 19,000 plus former Maoist combatants chaired by the prime minister meets for the second consecutive day Tuesday.
Tuesday’s meeting will discuss implementing Monday’s decision, Maoist military leader Janardhan Sharma said.
The meeting Monday fixed the first schedule for integration.
Altogether 126 monitors will be deployed to 28 cantonments and satellite camps Friday and modality, number and rehabilitation package for fighters will be completed by 19 June.
The first schedule will be completed 24 June with recruitment and training of personnel for profiling and survey.
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MAN CHARGED FOR ROBBERY DIED AFTER COURT SLAPS Rs.20,000 BAIL FOR RELEASE

Kathmandu, 7 June: A man charged for robbery
collapsed and died after the Kathmandu district court Sunday posted a Rs20,000 bail for his release, Annapurna Post reports.
Raju Shah of Motihari, India, collapsed in court and was pronounced dead after he was rushed to Bir Hospital for treatment.
He was suffering blood pressure and diabetes.
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KRISHNA KUMAR BHATTARAI CEO OF GURKHA DEVELOPMENT BANK

Kathmandu, 7 June: Krishna Kumar Bhattarai has been appointed CEO of troubled Gurkha Development Bank.
The board of Nepal Rashtra Bank approved the appointment.
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NEPSE LOSES 4.62 POINTS MONDAY

Kathmandu, 7 June: The bearish trend continued as Nepse lost 4.62 points Monday on the second day of weekly trading.
The market opened at 327.61 points and closed at 232.19 points.
Stock prices fell to a six-year low.
Indices of all eight subgroups fell.
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OCE: ORIGINAL CERTIFICATES WITH MARKS SHEETS






Kathmandu, 7 June: Students passing School Leaving Certificate (SLC) examination from this year will get their original certificates along with their marks sheets, The Rising Nepal reports.
The Office of the Controller of Examination (OCE) has decided to provide their original certificates along with the marks sheets.
So far, students have been using their provisional certificates provided by the OCE. Original certificates used to be stored at the OCE over many years, controller Surya Prasad Gautam said.
Earlier, original certificates were sent to schools after about eight months following the SLC.
Gautam said they working in full swing to provide the original certificates along with marks sheets.
Each student must pay Rs. 200 to receive the original certificate.
Meanwhile, OCE informed that they are planning to publish the SLC results by the end of June.
Gautam informed that the OCE has just completed checking the answer sheets. "We are in the last stage of publishing the results now."
The OCE monitored answer sheets checked at various centers to decrease chances of mistakes in the results.
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DOLAKHA’S REMOTE AREAS TO BENEFIT FROM POWER PROJECT





Kathmandu, 7June: Life in the northern village of Lamabagar in Dolakha district has become much easier after a hydropwer project constructed an access road there, The Rising Nepal reports from Dolakha.
Essential commodities are now easily available in the local market while local residents are living a better life with the movement of vehicles along the 35-km road linking the village with the district headquarters, Charikot.
The road that begins at Singati Bazaar in the district would reach the Upper Tamakoshi Hydro project.
Former VDC chairman Pemba Norbu Sherpa said essential commodities are cheaper by about 40 percent in the market after the vehicles started plying in the village.
The local people used to face food crisis mainly during the rainy season due to obstruction of vehicular movements.
Sherpa said they would have to struggle to get food and health facilities earlier. He added that the problems are now gone after the access to road.
According to Sherpa, a kg of rice now costs Rs 45 against the Rs 70 earlier, a kg of salt costs Rs 30, which was Rs. 50 earlier.
The locals in the district have to walk less these days as they can now go to the district headquarters on vehicles.
"Earlier, it used to take us three days to reach the headquarters, but now we can have a round trip on a single day," a local said.
Two passenger buses and trucks and tractors ply along the road every day.
"The village earlier lacked facilities like education, health and electricity. But we don’t have such problems any more," said Yadav Acharya.

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EPF TO LOAN Rs 16 BILLION FOR HYDRO PROJECTS
Kathmandu, 7 June: The Employees’ Provident Fund will loan Rs 16.05 billions to Chilime Hydropower Company Limited for the development of four projects — Sanjen (42.5 MW), Upper Sanjen (14.5 MW) and Rasuwagadhi (102 MW) in Rasuwa and Middle Bhotekoshi (100 MW) in Sindhupalchowk, Ramesh Prasad Bhusal writes in The Himalayan Times.

According to sources, an MoU to this effect will be signed tomorrow and a loan agreement will be signed after six months after both parties agree to MoU conditions. “The major conditions are that the interest rate should be 12.5 per cent and Power Purchase Agreement should be signed with Chilime within six months,” added the source.

Chilime, a subsidiary company of NEA, has been operating a 22.1 MW project in Rasuwa with 51 per cent share of NEA, 14 per cent of general public, 10 per cent of locals and 25 per cent of employees.

Chilime, Nepal Electricity Authority, concerned district development committees and village development committees, as well as local financial institutions, will be the major promoters of the four projects.

According to sources at Chilime, the promoters will have 51 per cent share whereas remaining will be split among locals of the affected area, general public and depositors of EPF.

PPA with Sanjen and Upper Sanjen has already been prepared whereas negotiations with Rasuwagadhi and Middle Bhotekoshi are under way.

Chilime is one of the largest projects to be completed through domestic investment. “The estimated cost of four projects is about Rs 32 billion. Half of the required budget will be taken from EPF as loan and remaining half will be managed from other promoters and shareholders. However, percentage share for each stakeholder is yet to be finalised,” said the source at Chilime. Sanjen and Upper Sanjen are expected to be completed by 2016 and Middle Bhotekoshi and Rasuwagadhi in 2017. Access roads for Sanjen and Upper Sanjen are under construction. Feasibility study for Middle Bhotekoshi has been completed.
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