Skip to content
|Loading...
Share Gyan home
EBook

NEPSE Donates Rs. 1.11 Crore for Bhotekoshi Flood Relief

Nepal Stock Exchange (NEPSE) has contributed Rs. 1,11,11,111 to the Prime Minister’s Disaster Relief Fund to support the rescue, relief and rehabilitation of victims affected by the devastating Bhotekoshi flood.

Published By Share Gyan
NEPSE Donates Rs. 1.11 Crore for Bhotekoshi Flood Relief

The Nepal Stock Exchange (NEPSE) has provided Rs. 1 crore 11 lakh 11 thousand 111 to the Prime Minister’s Disaster Relief Fund for the relief and rescue of people affected by the devastating flood in the Bhotekoshi River. The contribution was made under NEPSE’s Corporate Social Responsibility (CSR) initiative. NEPSE handed over the cheque to Finance Minister Dr. Swarnim Wagle during a program held today. The massive flood that struck the Bhotekoshi River on Bhadra 10, 2083, caused extensive loss of life and property in Rasuwa, Nuwakot, Dhading and surrounding areas. NEPSE said the financial support was provided to assist government-led rescue operations and provide immediate relief to disaster-affected citizens. Finance Minister Dr. Wagle pledged that the donated amount would be used transparently for immediate relief, medical treatment and rehabilitation of people affected by the floods.

Related News

NEPSE Rebounds 6.62 Points After Previous Session’s Sharp Decline

The Nepal Stock Exchange (NEPSE) witnessed a slight recovery on Tuesday, gaining 6.62 points or 0.24% to close at 2,664.13. The market rebounded after declining by 32.65 points in the previous trading session.

NEPSE Plunges 32.65 Points to Close at 2,657.50; Turnover Reaches Rs. 7.18 Arba

The Nepal Stock Exchange (NEPSE) declined by 32.65 points or 1.21% to close at 2,657.50 on Wednesday. Total turnover reached Rs. 7.18 arba, with Ghalemdi Hydro leading the turnover chart and Beni Hydropower emerging as the top gainer.

Ransomware Attack Exposes Major Cybersecurity Weaknesses in Nepal’s Stock Market

A ransomware attack on private data center Data Hub has exposed serious cybersecurity vulnerabilities in Nepal’s capital market, raising concerns over the safety of investors' data and trading systems. The incident revealed the risks of 72 broker companies relying on a single service provider and highlighted concerns over NEPSE's proposed cybersecurity improvements.

CDSC Leadership Control Shifts to Finance Ministry, Curtailing NEPSE’s Management Role

CDS and Clearing Limited (CDSC) has amended its regulations to give the Ministry of Finance direct authority to appoint its board chairperson and CEO. The move follows a change in shareholding that reduced NEPSE’s ownership to 50.93%, raising questions about corporate autonomy and governance.

NEPSE CEO Appointment Delayed Until After Dashain as Four Candidates Complete Interviews

The selection process for the vacant Chief Executive Officer (CEO) position at the Nepal Stock Exchange (NEPSE) has entered its final stage, with all four shortlisted candidates completing their interviews and professional work plan presentations. However, the selection committee will recommend three candidates to the Cabinet only after the Dashain holidays.

NEPSE Gains 4.12 Points to Close at 2,599.93 as Sagarmatha Jalabidhyut Leads Gainers

The Nepal Stock Exchange (NEPSE) edged up 4.12 points (0.15%) to close at 2,599.93. Ghalemdi Hydro topped the turnover chart, while Sagarmatha Jalabidhyut emerged as the day's top gainer with a 12.44% increase.