Skip to content
|Loading...
Share Gyan home
EBook

Traffic Finally Resumes on BP Highway After 3-Day Shutdown, But Authorities Warn of Imminent Danger

The BP Highway has reopened through a temporary diversion after being blocked for three days by floods, though officials warn of continued risks due to ongoing rainfall.

Published By Share Gyan
Traffic Finally Resumes on BP Highway After 3-Day Shutdown, But Authorities Warn of Imminent Danger

Vehicular traffic on the BP Highway resumed on Thursday morning after a three-day closure caused by flooding. The highway had been impassable since Monday when the Roshi Stream overflowed following heavy rainfall, damaging several sections of the road. Local authorities managed to restore access by constructing a temporary diversion to bypass the affected areas. Despite the reopening, the District Police Office in Kavrepalanchowk has urged travelers to avoid the route unless necessary, citing the risk of further disruptions from persistent rain. The highway remains vulnerable after significant damage last year, where landslides and floods destroyed 18 kilometers of the road between Chaukidanga and Nepalthok. While the diversion allows for current travel, permanent reconstruction efforts are still in progress.

Nepal Rastra Bank Publishes Thursday's Foreign Exchange Rates; US Dollar at Rs. 149.61

Nepal Rastra Bank (NRB) has published the official foreign exchange rates for Thursday. The buying rate of one US dollar has been fixed at Rs. 149.61 and the selling rate at Rs. 150.21. The British Pound Sterling has recorded the highest value among the major currencies listed, with a selling rate of Rs. 200.16.

Gold Price Plunges by Rs. 5,900 Per Tola on Dhanteras; Silver Also Declines

Gold and silver prices recorded a sharp decline in the Nepali market on Friday, Kartik 20, coinciding with Dhanteras. Gold fell by Rs. 5,900 per tola to Rs. 283,000, while silver dropped by Rs. 110 per tola.

Nepal's VAT Collection Exceeds Target as Consumer Reward Scheme Boosts Tax Compliance

Nepal's VAT collection exceeded its first-quarter target in FY 2083/84, reaching Rs. 41.04 billion, up 10% compared to the same period last year. The increase comes after the Inland Revenue Department introduced a consumer reward scheme encouraging people to demand bills when making purchases.

Nepal Estimates $5 Billion Needed for Reconstruction After Bhotekoshi-Trishuli Disasters

Finance Minister Dr. Swarnim Wagle has estimated that Nepal will require approximately $4.7 billion to $5 billion for reconstruction following the disasters in the Bhotekoshi and Trishuli regions. The government is preparing a phased financing plan, including financial support from India, China, the World Bank and the Asian Development Bank (ADB).

Maya Khola Hydropower's Net Profit Surges 124.52% to Rs 6.38 Crore in Q1

Maya Khola Hydropower Company Limited (MKHC) has reported a 124.52 percent increase in net profit, earning Rs 6.38 crore in the first quarter of FY 2083/84, compared to Rs 2.84 crore in the same period last year. Higher electricity sales revenue and lower interest expenses supported the company's improved profitability.

Khani Khola Hydropower Turns Profitable, Reports Rs 3.65 Crore Net Profit in Q1

Khani Khola Hydropower Company Limited (KKHC) has made a remarkable financial turnaround, reporting a net profit of Rs 3.65 crore in the first quarter of FY 2083/84, compared to a net loss of Rs 1.89 crore in the same period last year.