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Muglin-Narayangadh road section deadline extended

Gorkha Post

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CHITWAN — The deadline for the construction of Muglin-Narayangadh road section has been extended by three months.

The Department of Road on Wednesday approved the request of the construction company to extend the deadline.

According to, engineer of Narayangarh-Muglin Road Project Shiva Khana, the deadline for first section is till May 10 while the deadline for second section is May 20. Likewise, the third section has got the deadline of May 30, 2018.

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Khanal said that the construction companies were lobbying for extension of the construction deadline for another 1000 days citing they were not getting time to work for different reasons but extended only for maximum three months.

The construction company was awarded the construction work in April 2015 to complete the project in 24 months. However, the deadline was extended citing earthquake, India’s blockade and flooding for two consecutive years.

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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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