Global IME Bank has announced Rs. 5 crore in financial assistance to the Prime Minister’s Disaster Relief Fund to support search and rescue, immediate relief, medical assistance, and long-term rehabilitation efforts for communities affected by the devastating Bhote Koshi flood.
Authorities have stopped vehicles heading from Kathmandu Valley toward Dhading, Rasuwa and Chitwan amid rising flood risks along the Bhotekoshi and Trishuli river corridors.
RSP Chair Ravi Lamichhane has urged party leaders, members and supporters to prioritize public safety, rescue and humanitarian assistance amid the flood disaster in Rasuwa.
Shares of hydropower companies linked to Rasuwa plunged sharply on the Nepal Stock Exchange after reports emerged of extensive damage to hydropower projects and transmission infrastructure caused by a sudden flood.
The government has made Nepal Telecom’s phone and data services free in four flood-affected districts and eased helicopter approval requirements to speed up rescue and relief operations.
Authorities have urged people to remain highly alert as a natural dam formed upstream of the Bhotekoshi River could burst at any time, potentially triggering another major flood.
More than 25 workers have been trapped inside the tunnel of the under-construction 20 MW Langtang Hydropower Project in Rasuwa after floods or landslides blocked their way out.
The government has declared disaster-affected local levels, including areas hit by floods in Rasuwa, Nuwakot and Dhading, as disaster crisis zones for three months.
The meeting of Nepal’s House of Representatives scheduled for Tuesday has been postponed and rescheduled for 1:00 PM on Wednesday.
Nepal Stock Exchange (NEPSE) continued its downward trend on Tuesday, falling 5.30 points (0.20%) to close at 2,594.27, following a 19.13-point decline in the previous session.
Beni Hydropower Project Limited is set to open its IPO for general investors from September 7, 2026, following the allocation of shares to project-affected locals and Nepalis working abroad.
Finance Minister Dr. Swarnim Wagle is set to hold discussions with more than two dozen startups from Nepal’s information technology sector as part of the government’s budget implementation dialogue series.