1. KMC spent 44.24% of allocated budget — In the last fiscal year 2021/22, the Kathmandu Metropolitan City (KMC) spent only 44.24% of the allocated budget. KMC spent NPR 7.31 billion out of the designated fund of NPR 16.52 billion. (https://myrepublica.nagariknetwork.com/news/kmc-spent-only-44-24-percent-of-its-allocated-budget-for-2021-22/) 2. NOC’s loss reaches NPR 31 billion — The…

1. NCF released directive for cooperatives: The National Cooperative Federation of Nepal (NCF) has cautioned cooperatives not to invest in unproductive businesses and to prepare working guidelines for risk assessment and implement effective measures to recover credit given to land businesses, to minimize risks. (Source: https://myrepublica.nagariknetwork.com/news/ncf-requests-cooperatives-not-to-inject-more-credit-into-unproductive-businesses-including-realty-sector/)

1. Operation of freight train from India to Morang- The cargo train from Bathnah in India to Biratnagar in Morang will be operating in 10–15 days following the completion of administrative processes. The train will help industrialists affected by the obstruction of the Mirganj bridge while also increasing trade with…

1. Nepal to receive NPR 2.55 billion- The United Nations Green Climate Fund is set to grant Nepal NPR 2.55 billion to distribute electric stoves to one million households in the Terai region who rely on firewood for cooking. The program plans on reducing 6.51 tons of carbon annually. …

Himalayan Bank and Civil Bank sign MoU- The two banks have agreed to merge with the swap ratio at 100:81. The deputy Chief Executive Officer of the unified bank will be employed by Civil Bank, while the bank will carry out transactions under the name of Himalayan Bank. (Source: https://myrepublica.nagariknetwork.com/news/hbl-and-cbl-ink-agreement-for-acquisition/) …

Initiative to remove Nepal from the EU air safety list — Nepali airlines are not permitted to travel to European nations as the EU has blacklisted air travel from Nepal. Since 2013, the International Civil Aviation Organization has designated Nepal’s aviation travel as dangerous. (Source: https://myrepublica.nagariknetwork.com/news/french-civil-aviation-authority-commits-to-remove-nepal-from-eu-blacklist/)

1. Production of paddy up by 20% in Chitwan — Production of paddy has increased in Chitwan due to mechanization and better seeds. The area of the plantation has decreased by 57 hectares in the past four years. Paddy is being cultivated on 30,500 hectares of land during the rainy…

1. Baglung part of Kaligandaki Corridor blocked — The Baglung section of the Kaligandaki Corridor Road has been blocked due to multiple landslides. It has halted travel to Kushmisera and Butwal. The local residents have expressed dissatisfaction as officials do not seem interested in opening up the road. (Source- https://myrepublica.nagariknetwork.com/news/baglung-section-of-kaligandaki-corridor-blocked/)

1. The construction of a suspension bridge over Sanghe Stream is almost complete: The bridge that connects Byas Municipality-7 and Myagde Rural Municipality-6 is expected to be completed by the end of June. This project cost NPR 4.5 million. The government covered 85% of the costs while the Myagde Rural…