TWOBANKERS CHARGED FOR FINANCIAL IRREGULARITIES JAILED

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BANKERS CHARGED FOR FINANCIAL IRREGULARITIES SENT TO JUDICIAL CUSTODY

Kathmandu, 21 Nov. Former Chairman Yogendra Prasad Shrestha and General Manager Shidhdhartha Man Maskey of Nepal Share Market and Finance Ltd. were sent to judicial custody Sunday by a joint bench of
Their police detention was extended.
They have been charged for misappropriating nearly Rs. 2 billion deposits in the finance company.
Shrestha was deported by India where he had gone into hiding after details of the financial fraud broke earlier this year.
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INDEPENDENT LAWMAKER BREAKS DEATH FAST

Kathmandu, 21 Nov.: Independent lawmaker Baban Singh broke his second indefinite death fast demanding corruption curb at his district VDCs in Rathahat.
The fast pushing eight demands was staged at district headquarters Sunday.
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MEDIA GOOGLE

“He [KMC Chief Ganesh Rai] never took my advice seriously and reacted in a zigzag answers. Then I instructed Chief Secretary Madhav Ghimere to transfer him immediately. Now I have started checking massive misuse of funds inside the local government entities.):

(PM Bhattarai, The Kathmandu Post, 21 Nov.)
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CHINA CONSTRUCTING 2ND BRIDGE LINKING NEPAL WITH TIBET
Kathmandu, 21 Nov.: Nepal and China have agreed to construct another “friendship bridge” in Rasuwagadhi on the Nepal-China border. The bridge is second of its kind: In 1964, a bridge was built over a river bordering Sindupalchok on the Nepali side and Zhangmu port in China’s Nylam, Anil Giri writes in The Kathmandu Post..
The bridge—proposed to be located along the Rasuwagadhi highway that stretches to the border with China—is expected to help the two counrties expand their cross-border trade and transport as it will link Nepal with major highways in that part of the northern neighbour.
“Nepal and China entered an agreement some three months back in China to construct the friendship bridge. The 100-meter long bridge will be constructed over the Trishuli river with Rs 100 million Chinese contribution,” Tulsi Prasad Sitaula, secretary at Ministry of Physical Planning and Works, told the Post. The Chinese have laid the foundation of the structure on their side, he said.
Nepal will construct a bridge in Hilsa, Humla district, a busy entry point on the Nepal-China border, on its own. This bridge, however, will not be a friendship one as both its pillars are located on the Nepal side.
“I laid the foundation of the bridge in Hilsa, which is 55 meters long and will cost Rs 60 million, three months ago,” said Sitaula. This bridge will link Nepal with a blacktopped highway in Tibet, he added.
Of the six major entry points between Nepal and China, the one in Rasuwagadhi is slated to be readied soon with a Chinese assistance. Known as the Silk Road between Kathmandu and Tibet, the route will connect Syabrubesi with Rasuwagadhi in Nepal. The track is being blacktopped.
The 18-km road from Rasuwa to the Tibetan Autonomous Region of Kuti/Kerung in Shigatse prefecture was once known as a viable trading gateway for bilateral trade.
“China has brought its railway up to Shigatse. From there, a road link has been extended to Tinger, which would later stretch through Kerung to the Nepal-China border,” another senior government official said.
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PASHUPATI RENOVATION STARTS
Kathmandu, 21 Nov.: Alarmed by ‘continuing dilapidation’ of Pashupatinath Temple and claims that the temple is ‘on the verge of collapse’, the Pashupati Area Development Trust (PADT) has kick-started a process to renovate the world heritage site in two phases, Ankit Adhikari writes in The Kathmandu Post..
The first phase, according to PADT member secretary Sushil Nahata, has already started.
Earlier this month, the Department of Archaeology (DoA) allowed PADT
to renovate the temple acting on a directive from the Ministry of Culture (MoC). The ministry had previously recommended for renovating the temple by forming a committee in accordance with the Supreme Court ruling last year.
The committee had voiced for documenting the inner structure of
the temple at the earliest, as officials have no record to find out how
inner parts of the temple look since no one except the main priests are allowed to enter inside.
According to Nahata, the PADT will first carry out minor renovation works, which include repairing of the temple doors, and ankhijhyal (traditional Nepali windows bearing numerous tiny holes).
The second phase entails a detailed renovation plan. The entire premises of the temple, including the surrounding structures, will be repaired. “We may also renovate the temple right from the basement in the second phase, but that requires a master plan with large amount of funds,” Nahata said. According to him, the first phase work will require a budget of around Rs 3 million.
At present, a number of important undocumented artefacts and structures of the temple from the basement to the golden pinnacle are said to be in dilapidated state owing to lack of proper care and timely renovation.
Experts have claimed that the temple is on the verge of collapse and since it has not been renovated for years, it has become pestiferous, attracting rats and cockroaches.
The temple built in 516 BS by Mandev had been renovated only twice—first time by King Bhupalendra Malla in 1365 and later by Prime Minister Chandra Shumsher Janga Bahadur Rana.
According to PADT Treasurer Narottam Vaidya, Bhupalendra Malla and his mother stayed in the temple for six months while it was being renovated under their direct command. Renovation by Chandra Shumsher was not as broader as the one carried out by the Malla king, he added.
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