Nepse surges by 21. 62 points on Tuesday
The Nepal Stock Exchange (NEPSE) plunged by 21. 62 points to close at 2, 638. 60 points on Tuesday.
Similarly, the sensitive index dropped by 2. 31 points to close at 453. 37 points.
A total of 9,364,938-unit shares of 328 companies were traded for Rs 1. 51 billion.
Meanwhile, Salapa Bikas Bank Limited (SABBL) was the top gainer today with its price surging by 10. 00 percent.
At the end of the day, the total market capitalization stood at Rs 4. 43 trillion.
Government declares three-day holiday for March 5 HoR elections
The government has announced a three-day public holiday from March 4 to March 6 for the House of Representatives elections scheduled for March 5.
A Cabinet meeting held on Tuesday made the decision to this effect.
Earlier, the Election Commission had urged the government to grant a three-day holiday in order to encourage enthusiastic voter participation.
UAE expresses sorrow over Dhading bus accident
The United Arab Emirates (UAE) has expressed sorrow over the Dhading bus accident that occurred on Monday. .
According to the UAE's Embassy in Kathmandu, the United Arab Emirates has expressed its sincere condolences and solidarity with Nepal following the tragic bus accident in the Dhading area of central Nepal, which resulted in the deaths and injuries of dozens of people.
In its statement, the UAE Ministry of Foreign Affairs extended heartfelt sympathy to the families of the victims, as well as to the government and people of Nepal, and wished a speedy recovery to those injured in this painful tragedy.
Nineteen people lost their lives and 25 others were injured in the accident.
Holi begins with erection of ‘Chir’
Holi, the festival of colors, began with the installation of a 'Chir' (bamboo pole) decorated with colorful strips of clothes at Hanumandhoka Durbar Square in Basantapur on Tuesday. .
The ‘Chir’ was erected at 7: 13 am today. Erection of the pole in Basantapur marks the beginning of the festival which lasts for a week.
Holi will be celebrated in Kathmandu valley and hilly districts on March 2 and in Tarai on March 3.
The ‘Chir’ will be erected in Patan and Bhaktapur also.
Following the completion of the Holi festival, people would collect the pieces of cloth from the Chir and keep it in their homes with a belief that it will bring good luck for them.
The Chir will be dispersed in local Tundikhel.
