NEPALHAS A COMFORTABLE BoP SITUATION

COMFORTABLE BoP SITUATION

Kathmandu, 1 Dec.: The country’s balance of payment (BoP) surplus in the first three months of the current fiscal year 2011/12 was
Rs 33.89 billion—a 28 percent increase compared to the corresponding period the previous fiscal year, Nepal Rashtra Bank (NRB) said in its latest macro economic report.
Remittances in the first quarter totaled Rs75.88 billion--up from Rs 59.12 billion in the corresponding period the
previous year.
Foreign direct investment was Rs 2.20 billion.
Export increased to Rs 18.04 billion; goods exported to India jumped 12.1 percent, the central bank said.
Imports from India totaled Rs 63.90 billion.
Total trade deficit stood at Rs 82.23 billion.
Consumer price inflation increased to 8.9 percent in
mid-October from 8.5 percent in mid-September largely of rise in
prices of non-food and services.

Nnnn

ELDERLY MAN BURIED IN MOUND COLLAPSE
Kathmandu, 1 Dec.: An elderly died when he was buried in a mound in Dhangadhi VDC-8, Musahaniya of Siraha district on Wednesday, RSS reports from Lahan.

The deceased was identified as Sarkiman Ghising, 70, according to the information provided by Prakash Yonjan, a local.

Ghising died when a mound buried him while installing electric water pump in a 13-feet-deep pit behind his own home, informed Area Police Office, Dhangadhi.

The dead body was recovered from the pit with the use of excavator.
nnnn


KUWAIT TO HOST ACC WOMEN U-19

Kathmandu, 1 Dec.: Kuwait will host the third
25-over 1 to10 February 2012.ACC U-19 women’s
Championship.
Team list hasn’t been finalized.
Nepal lifted the first two editions of the tournament.
nnnn


________________________________________


Kathmandu, 1 Dec.:
Lacchuman Tamang, a pugilist, has tested positive in a doping test conducted by South
Asia RADO (Regional Anti-Doping Organization).

According to a responsible sports authority, Director General of South Asia RADO has informed Nepali sports authority about an ‘Adverse Analytical Finding’ in Tamang’s urine sample. Tamang had provided a urine sample for an out of competition test on October 23 in Kathmandu, Nepal.


According to the source, the ‘Adverse Analytical Finding’ was received from the World Anti-Doping Agency (WADA)-accredited laboratory, the National Doping Control Center at Mahidol University in Bangkok, Thailand.

According to the source, a prohibited substance called Furosemide was present in Tamang’s urine sample.

As per the World Anti-Doping Code, Tamang could face a two-year long ban from sporting activities. However, Tamang can appeal for B-sample test before the ban is imposed.

According to wikipedia, along with some other diuretics, Furosemide is included on the World Anti-Doping Agency’s banned drug list (S5) due to its use as a masking agent for other drugs.

“We have also heard the news but we are yet to receive any official intimation. If we receive any such reports, we’ll certainly make it public,” said Rajiv Shrestha, the general secretary of Nepal Boxing Association.

However, the source claimed that Tamang was not included in an 11-member team that left for Islamabad, Pakistan on Wednesday for a month-long training. The Nepali team will compete in the Second Benezir Bhutto International Boxing Tournament from December 20-29.

This is the third case of Adverse Analytical Finding of Nepali athletes in doping test.

Athlete Rajendra Bhandari was found positive in doping test in 2006 during the 10th South Asian Games, Colombo, where he had won two gold medals. However, Bhandari has already made a successful comeback in the sports arena after a two-year ban. Bhandari won gold in road race during the 11th South Asian Games, Dhaka in 2010. The other Nepali athlete to test positive for banned drugs is bodybuilder Sanu Gurung.
Nnnn