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Hailstones cause heavy damage to Syangja orange

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WALING— The hailstones coupled with rain occurred in Syangja has destroyed orange worth Rs 20 million in different areas of the district, according to the details collected from the Prime Minister Agriculture Modernization Project, Project Implementation Unit (Orange Super Zone).

The hailstones occurred in wards 10, 11, 13 and 14 of Putalibazaar Municipality and Bhirkot Municipality-1 destroyed around 509 metric tonnes of oranges in the district.

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Senior Agricultural Officer Madan Kumar Shrestha said that the hailstones occurred on October 7 in different areas of Putalibazaar Municipality and other regions in the district caused severe damages to the orange productions this year. He added that the farmers in Putalibazaar-10 were the worst hit from the hailstones.

Mukti Adhikari, a farmer of Rangkhola in Putalibazaar-10, said that around 80 per cent of his orange production yielded in 1,000 orange trees is damaged from the hailstone.

“I sold some 29 metric tonnes of orange last year and the output was expected some 40 to 45 metric tonnes this year. But, the hailstones caused around Rs 3 million of damages to the oranges in the time of harvesting,” he lamented.

 

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Economy

NEPSE stabilises

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KATHMANDU- The Nepal Stock Exchange (Nepse) index has stabilised to some extent as compared to the first trading day on Sunday when it suffered a sharp dip.

The NEPSE index increased 0.9 points to close at 1131.73. Likewise, the sensitive index, which measures the performance of group ‘A’ stocks has also risen 0.06 points.

Over 2 million shares of a total of 156 companies were traded at more than Rs 637 million. Of the total 11 subgroups, four made gains, and the rest seven declined.

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Development bank surged 4.7 points, while non-life insurance 92.1 points, life-insurance 13.57 points and others 0.43 points.

But, banking dipped 0.27 points, while trade 1.18 points, hotel 2.04 points, hydropower 2.17 points, finance 1.82 points, production 9.21 points and microfinance 8.31 points.

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