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Economy

Public transport fares hiked by 10 per cent

Gorkha Post

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KATHMANDU — The government has hiked public transport fares by ten per cent effective from Sunday citing the recent increase in fuel prices.

The Ministry of Physical Infrastructure and Transport took a decision to this effect following a discussion between government officials and transport entrepreneurs held at the ministry on Saturday.

The meeting held at the Ministry of Physical Infrastructure and Transport with federation representatives decided to hike fares, according to Department of Transport Management (DoTM) Spokesperson Gokarna Prasad Upadhyaya.

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With this, the annual Dashain pre-bookings, which had been stuck in a loop of fall-outs between the government and the protesting Federation of Nepalese National Transport Entrepreneurs Association, made headway from Saturday evening.

The meeting also decided to form a committee to review and report on systematic fare adjustment for public transport within two months.

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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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