NRB takes over Nepal Share Market and Finance

The central bank of Nepal, Nepal Rastra Bank (NRB) has decided to take over the management of Putalisadak based finance company Nepal Share Markets & Finance Limited (NSMF), suspending the existing board, which has failed to rescue finance company. Earlier NRB had taken over the management of Nepal Credit and Commerce Bank (NCC Bank). NSMF in troubled due to huge scale fraud done by its formal chairman Yogendra Prasad Shrestha who is currently in jail term. The NSM, ‘C’ class financial institution licensed by the NRB was declared troubled financial institution two years ago.

World Cup draw 2014

December 6, 2013
Football is the popular game in the world. The FIFA World Cup or World Cup is an international association football competition participated by the senior men’s national teams of the members of Federation International Football Association (FIFA). The championship takes place every four years and it was first played in 1930. Spain is the defending champion of the tournament in South Africa 2010. There are 32 teams who are participating for the title it was just 13 teams in 1930 world cup and it became 16 in 1934 world cup the number of participating team increased from 16 to 24 in 1982 world cup and from 1998 it became 32 till now.  Brazil is the host country in 2014 world cup. Total 19 world cup tournaments have been held and there are 8 different countries who won the title. Brazil is the most successful country with five titles and they are the only team to participate in every tournament. Italy won four times, Germany won three times, Uruguay and Argentina won two times and England, France and Spain won one time each. Ronaldo (Brazil) is the leading goal scorer with 15 goals followed by Gurd Mullar and Miroslav Klose of Germany with 14 goals. Portugal, France and England played playoff match to qualify for world cup. Portugal beat Sweden by 4-2 goals in which Cristiano Ronaldo scored all 4 goals and Zlatan Ibrahimovic of Sweden replied brace for the team. C. Ronaldo scored hat-trick in the second leg match. Gareth Bale of Real Madrid and Wales, Peter Cech of Chelsea and Czech Republic, Zlatan Ibrahimovic of PSG and Sweden and Robert Lewandowski of Doutmand and Poland are the some star footballers who will miss the upcoming world cup tournament. C. Ronaldo, Messi, Neymar, Hugeine, Ronney, Robin Van Persie, Roben, Benzama, Ribery will be the star footballers to play in upcoming world cup 2014.  German’s forward Miroslav Klose may break the record set by Ronaldo (Brazil).  Following s is the world cup draw of 20th world cup 2014.

Second richest in water resources facing 84 hour power cut per week

Water is the most important natural resources of the country. 1/3 part is covered by water. Nepal is rich in water resources and she is the second highest richest country in it. More than 6000 rivers are here in Nepal but Nepalese people have to face power cutting from many years ago. Nepal has high potentiality in hydro power with 40000 MW capacity but we are only utilizing 600 MW. Only 40 percent of total population has access to electricity. This is the shame on Nepali government that even we are second behind Brazil in the water resources with high potentiality are not utilizing it. We constantly hear the words from some politicians regarding the plan to utilize Air Energy, Solar Energy. Such words are such a shame to us. The electricity demand in Nepal is increasing day by day and power cut is due to low flow of water in river during the winter season and during the summer/rainy season the flow of water increase and Nepal may face 2-3 hours of power cut per day. Due to political instability Nepal is not utilizing the capacity; many government officials desired to invest in hydro power but could not target the aim. If hydro power is properly utilized in Nepal, she may save so many outflows of cash to foreign countries. Nepal may save outflow of cash in petroleum products (LPG Gas, Diesel, Kerosene, and Petrol) instead of them we can use hydro power/ electricity to run electrical gas, electrical buses, and electrical vehicles. Hydro power may be the cheapest energy for us than petroleum products, similarly we can earn foreign currency with the help of hydro power we can sell the hydro power to our neighbor country India. Let’s hope for the best and one day we can use the electricity 24 hours.  

Nelson Mandela dies at the age of 95

C. Ronaldo with Nelson Mandela
(Picture downloaded from Ronaldo's twitter)

December 5, 2013
The Nobel peace winner, Nelson Mandela ( 18 July 1918- 5 December 2013) who had spend about three decades as a political prisoner before going to be a first black president at South Africa died on Thursday, December 5 2013 at the age of 95. He took his last breath at his Johannseburg home surrounded by his family members.  Mandela was the South Africa’s first black president and was the icon of the struggle against racial domination. South African President Zacob Zuma said’’ the nation has lost its greatest hero’’. Nelson Mandela will get a state funeral and national flags will be lowered to half mast. Mandela had been receiving the medical treatment for last three years for prolonged lung infection and he was in seriously ill for last six months. He was in prison for 27 years due to his group’s armed wing and was tireless struggle for freedom, justice and humanity for the South Africa.
Nelson Mandela was not just a hero, but a hero of all time and his journey from a prisoner to a president alive the promise that human beings and countries can change for the better.