Cabinet to honour Nepali cricketers with cash prize Reporter
February 06, 2019

A meeting of the Council of Ministers on Monday decided to honour the Nepali cricket team who returned home with the series victory in the recent one day international and the T-20 international against the UAE with a cash prize of Rs 500,000 each.

Minister for Youth and Sports Jagat Bahadur Bishwakarma shared information about this at a face-to-face programme today organised by the Reporters’ Club Nepal.

As he said, preparations are underway to elect a leadership for the Cricket Association of Nepal (CAN) by forming a five-member ad-hoc committee as per the ICC (International Cricket Council) guidelines.

It may be noted that the ICC in April 2016 suspended the CAN after disputes in regard with its AGM and new leadership issues heated up. According to the minister, the CAN statute has been amended as per the direction of the ICC and the withdrawal of suspension was delayed as the issue had reached to the court.

Following the suspension, remunerations of cricket players has been stopped. The CAN was monthly paying the cricket players since the beginning of 2015 by categorizing them into three classes –A, B and C– before the ICC suspension.

The players remaining in ‘A’ class were getting Rs 35,000 each monthly, Rs 250,000 was for those in ‘B’ category and ‘C’ class players would get Rs 15,000 per month. The players have been deprived of such facility for over the past two years.

“The government is committed to building of proper atmosphere for practicing sports, infrastructure development and good remuneration for players so as to ensure a good future of them,” he added.

Over 6,000 cabbies booked for various violations Reporter
February 06, 2019
The Metropolitan Traffic Police Division (MTPD) has taken action against a total of 6,664 taxi drivers for unfair business practices and in various traffic rule violations in Kathmandu as of now in the current fiscal year. According to the statistics shared by the MTPD, traffic police booked the taxi drivers for operating taxis without the mandatory seal on fare-meter, refusal to provide short distance service to passengers, tampering with and using defunct meter, and bargaining over fare without turning on the meter among others. The MTPD had taken action against 8,120 taxi drivers in the last fiscal year 2074/75 BS.…

Himalayan Urja gets permission to issue IPOs Reporter
February 06, 2019
The Securities Board of Nepal (SEBON) has granted permission to the Himalayan Urja Bikash Company Ltd to issue the initial public offerings (IPOs) worth Rs 148.5 million. The company has a permit to open 1,485,000 units of share for public offering at Rs 100 per unit. Nabil Investment Banking Limited is the issue manager. Earlier, the company, sold share of worth Rs 99 million (which makes up 10 per cent of the total issued capital of Rs 990 million) for…