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Janakpur-Jayanagar rail service undergoes successful test operation

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DHANUSHA — The test operation of Janakpur-Jayapur railway, Nepal’s only railway service underwent successfully on Wednesday.

The test operation was conducted by the Indian side in a bid to resume the operation of the train service which has remained completely standstill for the last four years.

During the test operation, a railway engine with 53 bogies made the 8.5 kilometres long journey from Jayanagar of Nepal to Khajuri Railway Station in India, according to the Nepal Railway Campaigner Binod Ojha.

The train moved with ease during the test operation.

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Ojha further informed that there would be no trouble in resuming railway service with the completion of the test operation.

There was a huge queue of spectators to observe the test operation of South Asia’s first railway service that connects two countries.

The Janakpur-Jayanagar-Kurtha rail service, being constructed at the Indian assistance of Rs 7 billion, is in its final phase.

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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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