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World Bank provides Rs 23 billion concessional loan

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KATHMANDU— The World Bank (WB) has decided to provide around Rs 23 billion concessional loan to Nepal for the implementation of financial and energy sector reform policy.

An agreement in this regard was reached during the ongoing annual meeting of the World Bank and International Monetary Fund (IMF) at Bali of Indonesia.

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Chief of International Economic Cooperation Coordination Division (IECCD) at the Ministry of Finance, Shree Krishna Nepal and Country Director for Nepal of the World Bank Qimiao Fan signed the agreement on Wednesday in presence of Finance Minister Dr Yubraj Khatiwada and Vice-Chairperson for South Asia Region of the World Bank, Hartwig Schafer.

On the occasion, Finance Minister Khatiwada praised WB’s support in various sectors of Nepal including infrastructure development, education, health as well as tourism development and expressed his belief that the WB would further increase its support to Nepal in days ahead.

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Seventh day of Bada Dashin, Fulpati being observed today

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KATHMANDU- Today on the occasion of the Dashain festival, Fulpati is being observed as per tradition throughout the country.

Fulpati, an assortment of flowers, leaves and fruits of different plants considered auspicious, is anointed at the Dashainghar on the seventh day of the Dashain festival.

The Fulpati is brought to Kathmandu as per the Vedic rituals to be anointed at the Dashainghar at the Hanumandhoka Durbar.

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The Gurujyuko Platoon, the Nepal Army, Nepal Police, and high-ranking officials of Armed Police Force and civil service, the Asha Gurja team, band music, and panchebaja bands and decorated kalsyoulis, and a procession along with cultural pageantry leave Hanuman Dhoka for Jamal with the Fulpati.

During the monarchy, the King, as the Head of State, used to attend the Fulpati ritual at Dashainghar, but with the foundation of Republic, the Minister for Culture is attending, said the Durbar Museum Development Committee.

The auspicious hour to bring the Fulpati this year is fixed at 4:00pm. Minister for Culture, Tourism and Civil Aviation, Rabindra Adhikari, and local level representatives in Kathmandu have been invited to the ritual.

Though the Dashain festival begins from Ghatasthapana, the festival sees special fervor from the day of Fulpati.

All government as well as private offices remain closed from today encouraging people to go back to their respective ancestral homes and take blessings from Durga Bhawani as well as their elders.

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