Saddled with banned Indian currency, Nepalis risk losing savings

By Gopal Sharma KATHMANDU, Jul 18 : Nepalis stand to lose millions of dollars held in high-value Indian bank notes that New Delhi banned last year and has yet to exchange, a central bank official said on Tuesday. Prime Minister Narendra Modi in November banned 500 rupee ($7.77) and 1,000 rupee bank notes as part […]

Two more deaths take Everest toll to at least five in past month

By Gopal Sharma KATHMANDU, May 22 : Two more climbers have died on Mount Everest, taking the death toll on the world’s highest mountain in the past month to at least five amid mountaineers’ safety concerns, officials said today. A 54-year-old Australian, Francesco Enrico Marchetti, died on the Tibetan side of Everest, while Vladimir Strba, […]

American climber dies on Everest, Indian missing

By Gopal Sharma KATHMANDU, May 21 : An American climber on Mount Everest died today, officials said, the third death on the world’s highest mountain in the past month and raising safety concerns for climbers. Roland Yearwood, 50, from Alabama, perished at an altitude of about 8,400 metres (27,500 feet) in an area called “death […]

Vote counting slow in Nepal’s first local elections in 20 years

By Gopal Sharma KATHMANDU, May 15 : Counting of votes in Nepal’s first local elections in two decades began today but officials said it could take several days for all the results to be known. Officials said 73 per cent of nearly five million voters cast their ballots yesterday in the first round of the […]