ICYMI: Here are our top stories from Tuesday, November 5
Here are some of the top stories from The Kathmandu Post (November 5, 2019). President Bidhya Devi Bhandari administers the oath of office and secrecy to the newly appointed governors in Sheetal Niwas, Kathmandu on Tuesday. Kabin Adhikari /TKP
Here are some of the top stories from The Kathmandu Post (November 5, 2019).
Government picks new governors after sacking Deuba-period appointees
The government on Monday recommended new governors for all seven provinces.
After a secretariat meeting of the ruling Nepal Communist Communist Party finalised the names, a Cabinet meeting recommended Somnath Adhikary as governor for Province 1; Tilak Pariyar for Province 2, Bishnu Prasai for Province 3, Amik Sherchan for Gandaki, Dharmendra Yadav for Province 5, Govinda Kalauni for Karnali and Sharmila Tripathi governor for Sudur Paschim.
India’s new political map places disputed territory of Kalapani inside its own borders
The Survey Department has taken issue with a new Indian political map that places the disputed territory of Kalapani within its territory, a scenario Nepali officials described as the “status quo”.
The Indian Ministry of Home Affairs on Sunday released a new political map after India formally split up the disputed Jammu and Kashmir state into two federal territories, in line with an August move by the Narendra Modi government to rescind Kashmir’s autonomy.
Krishna Bahadur Mahara remanded in custody over attempted rape allegations
The Kathmandu District Court on Monday remanded Krishna Bahadur Mahara, former House Speaker, in custody over attempted rape charges.
After Monday’s detention hearing, Chief Judge Sudarshan Raj Pandey decided to remand Mahara in custody, as the hearing on the case continues.
“Mahara was sent to Dillibazar prison after the court decided to remand him in custody,” Gyan Bahadur Karki, an information officer at the Kathmandu District Court, told the Post.
Foreign investment pledges double in first quarter
Investment pledges by potential foreign investors doubled in the first three months of the fiscal year compared to the same period last year.
According to the Department of Industry, Nepal received investment commitments worth Rs10.76 billion during the review period. Pledges in the first quarter of the last fiscal year, extending from mid-July to mid-October, totalled Rs4.8 billion.
Banks now required to maintain a database of high-profile and high-risk customers for monitoring
Nepal’s banks will now be required to maintain an additional database of ‘high-profile’ and ‘high-risk’ clients, who may be monitored for money laundering and other suspicious transactions.
Under the new rules set by the Nepal Rastra Bank, all banks will need to ensure that such clients employ only legitimate sources of income for transactions.
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