Nepal Today

Friday, August 16, 2013



Kathmandu, 16 Aug.:: At least six houses at Gaushala VDC-6 in the district were burgled at around 1:00 am on Friday, RSS reports from Gaushala..

The houses of Mishri Sah, Bir Bal Mahato, Raj Kishor Mahato, Dev Sharan Mahato, Ram Sogarath Mahato and Bharat Mahato were robbed, said Inspector Dipak Giri at the Area Police Office.

The unidentified gang of robbers wielding indigenous weapons and iron rods had entered the houses and robbed gold and silver jewelries and other valuables equivalent to more than 400 thousand rupees, the victims said.

Likewise, Ram Sogarath Sah, Raj Kishor Mahato and Jinish Kapar were wounded while retaliating the robbers, it is learnt.

The wounded are being treated at local clinics. The police are vigorously searching for the robbers.


Kathmandu, 16 Aug.: US Ambassador Peter W. Bodde Friday was in
Nepalgunj where he held discussions with election  and government
He also interacted with business leaders and NGOs representatives.

Ambassador Bodde visited USAID’s Sajhedari project, a new USD
25 million five year programme to promote more inclusive, participatory,
 and effective community-level development.

on Officer, Ambassador Bodde was briefed about preparations for the November elections, the Embassy said.

. “For Nepal to reach its potential it must have a political system that represents Nepal’s diversity. Holding free, fair, credible, and inclusive elections is a crucial first step,” he said.


Kathmandu, 16 Aug.: India´s rupee plunged to a new record low against the dollar Friday and stocks slid 2.66 percent over fears that foreign capital could flow back to the United States as the American economy improves, AFP reports from Mumbai..

The rupee, one of Asia´s worst-performing currencies this year, hit a new low of 62.00 rupees to the greenback, slipping past its previous low of 61.80 rupees on August 6.

The drop in value reflects fears that recent measures by the central bank may not be able to help the ailing currency, dealers said.

Indian shares also fell as much as 2.66 percent, or 515.19 points, to a day´s low of 18,852.40 points.

Engineering, auto and bank stocks fell sharply amid worries that a sooner-than-expected scale back of the US stimulus could trigger a foreign investor sell-off.

Overseas funds have pulled out a combined $11.58 billion in equities and debt from India´s markets since June 1 over concerns about the weakening economy, regulatory data shows.

"There is complete lack of faith in the markets. There are fears that the RBI (Reserve Bank of India) measures may not help improve the rupee," Param Sarma, chief executive with NSP Forex, said.

India slapped new controls on foreign exchange outflows Wednesday to try to arrest the rupee´s fall.

Dealers said there was no immediate sign of an intervention by the central bank to prop up the rupee, which at Friday´s low had depreciated 13.2 percent compared to its value against the dollar in 2013.

The rupee´s woes come as the government is struggling to turn around India´s once red-hot economy by pledging new steps to narrow the gaping current account deficit -- the broadest measure of trade.

The economy grew at a decade-low 5.0 percent in the year to March.

The depreciating rupee stokes inflation by raising the cost of everything India imports from crude oil to chemicals and pulses.


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