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Gold and Silver Prices Drop: Latest Updates on Fine Gold, Tejabi Gold, and Silver Rates in Nepal

Today the price of pure gold has dropped significantly, by Rs. 4,000 per tola. Fine gold is currently priced at Rs. 1,41,000 per tola, after dropping the price from Rs. 1,45,000 per tola, according to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA).

Gold and Silver Prices Drop: The Latest Price Updates on Fine Gold, Tejabi Gold, and Silver in Nepal

MetalCurrent Price (per tola)Previous Price (per tola)Price Change
Fine GoldRs. 1,41,000Rs. 1,45,000Rs. 4,000
Tejabi GoldRs. 1,40,300Rs. 1,44,300Rs. 4,000
SilverRs. 1,825Rs. 1,900Rs. 75

Similarly, Tejabi gold prices have fallen to Rs. 1,40,300 per tola, marking a Rs. 4,000 reduction from the previous day’s Rs. 1,44,300 per tola. This decline occurred after fine gold reached an all-time high of Rs. 1,45,000 per tola on June 7, 2024.

The price of silver has also dropped by Rs. 75 per tola, making it Rs. 1,825 from Rs. 1,900 previously. These declines reflect trends seen in both domestic and international markets, with global gold prices at $2,292.60 per ounce and silver at $29.13 per ounce.

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NDRRMA Predicts Over 1.8 Million to Be Affected by This Year’s Monsoon: Key Preparations Underway

Over 1.8 million people could be impacted by this year’s monsoon season, according to the National Disaster Risk Reduction and Management Authority (NDRRMA). Based on the prediction released on Monday, more widespread interruptions will likely occur because of the expected greater rains.

Forecasted Impact of Monsoon SeasonDetails
Total Individuals ImpactedOver 1.8 million
Total Households Impacted412,000 households
Families Directly Affected83,000 families
Households Needing Rescue and Relief18,000 households
Projected Rainfall Increase35-55 percent above average
Previous Year’s ImpactEstimated: 1.2 million; Actual: 2 million

Dr. Disan Bhattarai, an NDRRMA official, said the excessive rains could affect over 1.8 million people across 412,000 households. Of these, 83,000 families are projected to be directly affected, with 18,000 houses potentially requiring rescue and relief activities.

Looking back to the previous year, Dr. Bhattarai said that although the initial projection was for 1.2 million people to be impacted, the real figure was closer to two million. According to the Department of Meteorology and Hydrology, rainfall this year could exceed the average by 35–55 percent.

All authorities engaged have been advised to take the necessary safety measures due to the increased risk. Dr. Bhattarai stated that the Home Ministry’s national action plan for monsoon preparations and response is by these preparation efforts.

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The Arrest of Kailash Sirohiya: Everything You Need to Know

Kailash Sirohiya, the Chairman of Kantipur Media Group (KMG), was arrested recently. The Arrest of Kailash Sirohiya has caused a lot of discussions and worries. Let’s take a look you will shortly know the reason behind it.

Who is Kailash Sirohiya?

Kailash Sirohiya is the leader of Kantipur Media Group, a major media company in Nepal. He has faced legal problems but continues to be a significant figure in Nepal’s media industry.

Why Was Kailash Sirohiya Arrested?

Sirohiya was accused of having two citizenship certificates with different ID numbers. A complaint was filed by a person named Indrajit Mahato from Sarlahi district. The complaint claimed that Sirohiya’s citizenship number matched another person’s, suggesting fraud.

Understanding Citizenship Misuse

The main accusation is that Sirohiya has dual citizenship numbers, which is illegal in Nepal. He could face serious legal consequences if proven guilty, including jail time and fines.

Details of the Arrest

an Image of Arrest of Kailash Sirohiya

Sirohiya was arrested on May 21, 2024. The police arrested him at his office in Kathmandu. The team was led by Senior Superintendent of Police (SSP) Sanuram Bhattarai and Superintendent of Police (SP) Rabindra Regmi.

Sirohiya’s Response upon his arrest?

After his arrest, Sirohiya said that the arrest was not really about the citizenship issue.

He believes it was because KMG reported on frauds involving Home Minister Rabi Lamichhane. Sirohiya thinks the arrest was meant to stop Kantipur Media Group (KMG) from publishing these reports.

Legal Actions

Sirohiya tried to get the Supreme Court to cancel his arrest warrant, but it didn’t work. He is currently being held at the Dhanusha District Police Office, and his case is still being reviewed.

What are the reactions from Journalists and Politicians

The Federation of Nepali Journalists (FNJ) and many politicians have criticized the arrest. They say it is an attack on press freedom. Several political leaders, including former Prime Ministers and members of parliament, have spoken out against the arrest.

Accusations Against the Home Minister

Sirohiya claims that Home Minister Rabi Lamichhane is behind his arrest. KMG has reported on the minister’s involvement in cooperative fraud. Sirohiya believes this arrest is revenge for these reports.

Role of Kantipur Media Group

Kantipur Media Group is known for its investigative journalism. They have a history of reporting on important issues, including fraud and corruption. Recently, they have focused on frauds involving the Home Minister, which might be why Sirohiya was targeted.

History of Media Suppression in Nepal

Nepal has a history of trying to control the media. Sirohiya’s arrest is seen by many as another attempt to silence critical journalism. Similar actions have been taken against other media houses and journalists.

Impact on Press Freedom

A free press is crucial for democracy. Arresting journalists can harm press freedom and democracy. This arrest has raised concerns about the future of free journalism in Nepal. It is important to protect the press to ensure that the public remains informed and the government is held accountable.

Public Opinion and Social Media

Many people have expressed their anger about the arrest on social media. Social media has played a significant role in gathering support for Sirohiya and KMG. Public opinion seems to be largely against the arrest, viewing it as an attack on free speech and journalism.

Future of the Case

The case against Sirohiya is ongoing. The outcome will affect not just him but also the future of media freedom in Nepal. If Sirohiya is found guilty, it could set a dangerous precedent for other journalists and media houses.

The arrest of Kailash Sirohiya highlights the tension between the government and the press in Nepal. It is important to protect press freedom to ensure democracy remains strong. The public, journalists, and politicians must work together to defend the rights of the media.

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FAQs

Why was Kailash Sirohiya arrested?

Kailash Sirohiya was arrested for allegedly misusing citizenship certificates by having two certificates with different numbers which is illegal in Nepal.

What did Sirohiya say about his arrest?

Sirohiya claims the arrest is political revenge for KMG’s reports on fraud involving Home Minister Rabi Lamichhane.

How did people react to the arrest?

Journalists and politicians criticized the arrest, calling it an attack on press freedom. The public also showed strong support for Sirohiya on social media.

What could happen next in Sirohiya’s case?

The case is still in court. The outcome will significantly affect media freedom in Nepal, potentially setting a precedent for other journalists.

 

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News Finance

Market Capitalization Calculator

Market Capitalization Calculator

Market Capitalization Calculator

Market Capitalization Calculator

InputValue
Stock Price per Share:
Number of Outstanding Shares:
Market Capitalization:

Market Capitalization which is also known as ‘Market Cap’, is an assessment that evaluates the size of a publicly traded company. Investors need to assess a company’s size and its worth in the market to make informed investments, and they use this. 

It is computed by multiplying the market value of all outstanding shares of a corporation by their total number. Put more simply, it’s the entire market value of all the company’s shares that are traded. It is essential to understand the company’s position in the financial market.

This is how Market Capitalization is calculated:

Market Cap = Current Share Price × Total Number of Shares Outstanding

FAQs

How is market capitalization calculated?

The total worth of all of a company’s stock shares is referred to as the market cap, also known as market capitalization. It is computed by multiplying a stock’s price by the total number of shares that are outstanding. A corporation with 20 crore shares, for instance, selling for Rs. 50 each would have a Rs. 1 Arab market capitalization.

 

What is a market cap calculator?

You can use the market capitalization calculator to determine the market capitalization, often known as market cap, which is the total worth of a company’s outstanding shares. Don’t worry if you don’t know what it is; we’ll explain it in this brief post.

 

How do you calculate market capitalization without share price?

Using an alternative method, we may determine the market capitalization by deducting the company’s net debt from its enterprise value. This method is the only practical way to calculate equity value for privately held corporations because they don’t have an easily accessible public share price.

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What is it like to live as a foreigner in Nepal?

Nepal should be on top of your bucket list because it is not only an affordable destination but, also offers amazing views that include mountains, hills, lakes, rivers, trails, historical places, and many more. Nepal can offer a variety of climates in the same season and cultural diversity in the different regions which make Nepal unique and more beautiful.

You get to experience so much at a very low price. Nepal has many world heritage sites that you can visit. If you are an avid adventurer then, Nepal has you covered. You can go rafting, climb the highest peak in the world, or go on a retreat.

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This article will give you an insight into What is it like to live as a foreigner in Nepal. There are so many reasons why you should come visit but there are some things you need to be aware of when you’re here.

Affordable cost of living

Affordable cost of living

If you’re a foreigner, especially from the West, you will find that the cost of living is fairly cheap. This does depend on where and how you live. Staying at a nice place and eating out in high-end restaurants will be a little expensive but, not the same level of expensive you’d experience back home. But there are so many options for cheap and filling food in Nepal, so introduce your palette to new cuisine. Additionally, there are high tax rates in Nepal on imported and luxury items such as cars, motorcycles, and various other goods.

Hospitable people

Hospitable people

Nepalese people are very hospital. They are very welcoming and are more than glad to share their culture with you. People are kinder and more hospitable the more you leave the city areas. People here believe in ‘Atithi Devo Bhava’ which translates to guests are our God. This may be because they understand the impact of tourism or simply because they are brought up that way.

Rich culture

Rich culture

Nepal is a diverse country and very rich in culture. There are 125 different ethnic communities in Nepal. You will get to experience so much, learn about new traditions, and taste different cuisines here. 

Some parts of Nepal do not have access to the necessities of living but, they are rich in culture and tradition. You can visit them instead of the urban areas, it can be very memorable and interesting to see how people have different ways of living. Seeing their rich culture will be a breath of fresh air.

Health problems because of bad sanitation.

Health problems because of bad sanitation

Water distribution is also not regular in Nepal. Nepal is rich in water resources but, unfortunately, not all sources are for human consumption. This is become of unplanned and improper disposal of wastes. It is getting better in the urban areas but, sadly people in rural areas still dump waste in the waters. 

You should carry a water purifier and a mask just to be safe but that should be your choice when you have no options left. You should always buy water in jars or bottled water. It’s worth getting health insurance, even if you’re healthy while living in Nepal. As a foreigner, you may encounter health issues due to unfamiliarity with the climate and living conditions in the country.

Irregular electricity

Irregular electricity

You may want to carry power banks because of improper electricity distribution. The problem of ‘load-shedding’ has gotten better but there are frequent power outages so, have your alternative source of power so you are not in a helpless position.

Racism

Racism

Depending on what part of Nepal you visit and what race you are, you may experience blatant racism. Let me break it down for you; if you are white, you will probably have a pleasant experience other than people trying to charge you extra because you are a foreigner. If you are Asian or Black you may not receive or receive limited special treatment and you may even be subjected to name-calling.

Unstable government and politics

people running for chair single

Nepal’s government is pretty unstable and as safe as Nepal is for foreigners, it is still dangerous because of the internal conflict in Nepal between politicians. It is particularly scary when riots break out and you could be caught up in it.

Culture shock

They slaughter and sacrifice animals as a part of their culture and in Hindu culture, people burn the dead body of their loved ones as a final auspicious memory. They may seem horrifying to you, but it is their culture, and pointing it out may seem insensitive to them. 

Be respectful of their culture and remove yourself from anything that you find disturbing instead of being vocal about it with the locals.

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FAQs

How much money is required to be rich in Nepal?

In Nepal, the cost of living is quite cheap. Because of this, Nepalis can survive on significantly less money than citizens of wealthier nations. For instance, in Nepal, one is considered wealthy if one earns the equivalent of USD 1,000.

How many foreigners live in Nepal?

The majority of migrants originate in Nepal. Less than 500,000 foreigners live in the nation; in contrast, there are five times as many Nepalese living abroad, most of whom have moved to Malaysia, India, and the Middle East.

What is life like in Nepal?

Living in Nepal is amazing, easy, and hard at the same time. Why Is It Hard? Even in the capital city, there are essential amenities like electricity, water, power, transit, and communication lacking. Simple things are sometimes beyond your means, even with money.

Is Nepal a good place to settle?

Nepal is a great place for expats because of its spectacular natural beauty and unique culture. Finding a balance between cost, convenience, and culture is crucial.

Who is a billionaire in Nepal?

The lone billionaire in Nepal is Binod Chaudhary, a former business mogul who is now a politician. His empire of businesses includes businesses in banking, consumer goods, education, hotels, electronics, energy, and medical, among other sectors. Chaudhary is the Chairman of CG Corp Global, the parent company of the Chaudhary Group.

Does Nepal have a good quality of life?

According to the HDI, Nepal is the least developed nation in South Asia. The HDI, a summary index of people's well-being, was produced for the largest number of countries and territories ever—182—and combines data on life expectancy, literacy, school enrollment, and GDP per capita.

Living as a foreigner in Nepal provides a distinct set of challenges and beneficial experiences. From managing cultural differences to reveling in the warmth of Nepali hospitality, the experience promotes personal growth and understanding. What is it like to live as a foreigner in Nepal? It’s a journey in a dynamic cultural tapestry, with each meeting revealing new insights and connections, ultimately enriching one’s life with unique viewpoints and lasting experiences.

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News

What happens if I invest 1000 in SIP for 10 years?

Investing is one of the best ways to grow your wealth. SIP or Systematic Investment Plan helps you grow your wealth exponentially with the power of compounding. In SIP, you deposit a certain sum in a mutual fund every month at a certain pre-stated interest rate. 

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What is the formula for SIP?

The formula for SIP is:

FV = P * [{(1 + r)^n – 1} / r] * (1 + r)

What happens if I invest 1000 in SIP for 10 years?

Calculation:

Let’s consider an example of a Systematic Investment Plan (SIP) where $1,000 is invested monthly for 10 years with an assumed annual interest rate of 12 %, compounded monthly.

Given:

P = $1000 (monthly investment)

r = 12%

  = 0.12 (monthly interest rate, expressed as a decimal)

n = 10 years

FV(future value) =?

Now, use the formula for the future value (FV) of the SIP:

FV = P * [{(1 + r)^n – 1} / r] * (1 + r)

Use the SIP Calculator for calculation by putting the desired values.

Explanation part:

To invest in mutual funds through a SIP (Systematic Investment Plan), the first step is to through a SIP registration and open an account with a particular mutual fund. Once registered, you’ll gain access to a systematic approach to investing where a fixed amount is deducted from your bank account at regular intervals and invested in the chosen mutual fund scheme.

Now, let’s explore what happens if you invest $1000 in SIP for 10 years:

Regular Investments:

You can invest a certain amount regularly through SIP at regular intervals, usually once a month. This disciplined approach helps in accumulating wealth over time.

Rupee Cost Averaging:

With SIP, you can average the cost of investment over time by purchasing more units during periods of low price and fewer units during periods of high price. This lessens the effect of market fluctuations on your financial assets.

Power of Compounding:

Over 10 years, the power of compounding starts to take effect. Your initial investment of $1000, combined with the returns generated by the mutual fund, begins to grow exponentially.

Accumulation of Wealth:

Your investment grows dramatically over time when you make regular investments that compound themselves. The longer the investment timeline, the larger the opportunity for capital building.

Potential Returns:

The returns on your investment depend on various factors such as the performance of the mutual fund, market conditions, and the duration of the investment. Historical data suggests that equity mutual funds tend to offer higher returns over the long term compared to other investment options.

Risk Mitigation:

Investing through SIPs reduces the risk associated with market timing. Spreading your investments over time reduces the impact of market changes.

Goal Achievement:

SIP allows you to work towards your financial goals systematically. SIPs can be an effective instrument for wealth growth, retirement planning, and other financial objectives.

Finally, investing $1000 in SIPs for ten years has the potential to result in large wealth creation due to regular investments, rupee cost averaging, compounding power, and market risk reduction. However, it is important to select mutual fund schemes depending on your risk tolerance, investment timeline, and financial goals. Additionally, constant tracking and evaluation of your investment portfolio is required for best success.

How does SIP work?

How does SIP work

  • Frequent Investments: SIP participants pledge to make set monthly investments of a certain amount of money. Depending on the investor’s ability to make a large or small investment, this could be either.
  • Methodical Approach: SIP promotes a methodical and disciplined approach to investing. Regardless of market conditions, investors continually invest a fixed amount rather than attempting to time the market. By doing this, the effects of transient market volatility are lessened.
  • Benefits of Compounding: SIP leverages the power of compounding. Your money generates returns when you invest consistently over time, and those returns compound to provide even more returns. In the long run, this compounding effect might result in a large accumulation of wealth. 
  • Rupee Cost Averaging: SIP makes use of the rupee cost averaging principle. Your fixed investment purchases more units in a low-market environment and fewer units in a high-market environment. This contributes to lowering your investment’s average cost over time.
  • Flexibility: Investors have the freedom to select the amount and the frequency of their investments (monthly, quarterly, etc.). It is available to a broad spectrum of investors due to its flexibility.
  • Long-run Wealth Creation: SIP works very well in creating wealth over the long run. Investors can build up a sizeable corpus by making regular investments over a long period. This corpus can be useful for achieving objectives like wealth growth, retirement planning, and financing schooling.
  • Diversification: Mutual funds, which are frequently included in SIPs, frequently make investments in a variety of equities and bonds. This diversification lessens the impact of individual asset underperformance and helps spread risk.

What are some other examples of SIP Calculations?

Example 1

Suppose you invest $2,000 at an annual interest rate of 6%, compounded quarterly for 4 years.

Using the formula:

FV=P×((1+i)n−1)i)×(1+i)

where:

  • P = $2,000 (principal amount),
  • i=0.06 (6% annual interest rate expressed as a decimal),
  • n=4 (4 years with quarterly compounding).

Now, plug in the values and calculate:

FV=2000×(1+0.06)4−10.06×(1+0.06)

FV=2000×(1.06)4−10.06×1.06

FV=2000×(1.262476)−10.06×1.06

FV=2000×0.2624760.06×1.06

FV=2000×4.3746×1.06

FV≈9177.18

So, the future value (FV) of the investment after 4 years with quarterly compounding would be approximately $9,177.18.

Example2

Suppose you invest $2,500 at an annual interest rate of 6%, compounded quarterly for 4 years.

Given:

P = $2,500

i=0.06 (6% expressed as a decimal)

n=4 (4 years with quarterly compounding)

Now, plug these values into the formula:

FV=2500×(1+0.06)4−10.06×(1+0.06)

Let’s break it down step by step:

(1+0.06)4=(1.06)4≈1.265319

Now, substitute this back into the expression:

2500×1.265319−10.06×1.06

2500×0.2653190.06×1.06

2500×4.67198×1.06

Finally, multiply the numbers:

FV approx $12,468.69

So, the future value of the $2,500 investment after 4 years with quarterly compounding at a 6% annual interest rate is approximately $12,468.69.

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FAQs

Is SIP a good investment?

One of the greatest methods for disciplined investing is SIP, which needs to be carried out regularly throughout time.

Which SIP is best in Nepal?

NIBL Sahabhagita Fund, NIC Asia Dynamic Debt Fund, Siddhartha Systematic Investment Plan and NMB Saral Bachat Fund-E have a good SIP scheme.

What is a SIP investment?

SIP is a way to invest a certain amount in mutual funds on a regular basis, usually once a month. It enables investors to take advantage of compounding and rupee cost averaging.

Which is best SIP for 1000 per month?

The underlying investment instrument, the state of the market, and the investor's risk tolerance are some of the variables that affect SIP safety.

Which is better SIP or FD?

You can invest in an FD if your main objective is capital preservation and you do not anticipate significant gains. Invest in a SIP if you'd like to make goal-oriented investments that will yield higher returns.

What is the normal return on SIP?

The interest rates on SIPs for different market-linked funds could differ. Large-cap stocks should yield an average return of 12–18%, while mid-cap stocks should yield an average return of 14–17%.

Conclusion

It’s crucial to remember that, even though SIP can be a useful investing approach, investment value might change and earnings are not guaranteed. Based on their financial objectives, risk tolerance, and investment horizon, investors should carefully select the investment funds they use. For individualized investing advice, speaking with a financial professional is advised.

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Truck Accident Lawsuits and Settlements: A Closer Look at Truck Accident Compensation From Wyoming to Georgia

Truck accidents, a prevalent concern on the roads, significantly impact safety for drivers and pedestrians alike. The integral role of large trucks in transporting goods and materials across the U.S. economy is undeniable, making understanding the consequences of truck accidents essential. 

With over half a million reported truck accidents in 2021, the need for vigilance is clear, as these incidents often lead to property damage, injuries, and, tragically, fatalities.

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What are the truck accident statistics?

Truck Accident Statistics
Truck Accident Lawsuits and Settlements

Truck accidents statistics paint a concerning picture, with 101,000 causing injuries and 4,444 resulting in fatalities in 2020 alone. Semi-trailer trucks, in particular, are implicated in fatal accidents, raising questions about safety measures. 

The search for “truck accident attorney near me service” becomes crucial for those affected, as immediate legal assistance is vital to navigate the aftermath of such incidents.

What are the factors contributing to truck accidents?

Factors Contributing To truck Accidents

Various factors contribute to truck accidents, including driver fatigue due to demanding schedules and long working hours. The larger stopping distance required for trucks, combined with their considerable size and weight, poses inherent collision risks. Interactions with other motorists, especially those in smaller vehicles, further heighten the potential for accidents on the road.

What are the legal implications and services you can take?

legal implications and services

In the aftermath of a truck accident, understanding legal implications is paramount. Truck accident attorneys, including those specializing in Georgia and the broader “truck accident lawyers near me” service, play a crucial role. The importance of finding a local attorney, such as a “truck accident attorney Atlanta,” cannot be overstated, ensuring swift and effective legal assistance.

Lawsuits and settlements are common outcomes, with specific incidents in Flagstaff, Arizona, Houston, Atlanta, Chicago, and Maine shedding light on regional challenges. Exploring “truck accident lawsuit settlements” and verdicts adds depth to understanding the legal and financial consequences of such incidents.

What are some safety measures and preventions?

some safety measures and preventions

Mitigating risks involves adhering to safety guidelines for both truck drivers and other motorists. Advocating for stricter regulations and heightened awareness through campaigns is essential to reduce the incidence of accidents. 

Holding truck drivers and companies accountable for their actions is crucial in promoting responsible behavior on the road and preventing future accidents.

What should you do about hiring the right attorney?

hiring the right attorney

Victims of truck accidents should research and select an attorney experienced in handling such cases. Whether it’s a “truck accident lawyer Chicago”, “truck accident lawyer Georgia”  or a specialist in Georgia, choosing the right legal representation is pivotal in navigating the complexities of truck accident legalities and pursuing rightful compensation.

Recent Incidents and Settlements

Incidents and Settlements

Recent incidents, such as a truck accident in Wyoming today, a notable truck accident Flagstaff Arizona, and another incident involving a truck accident Maine, emphasize the ongoing challenges in road safety. 

Analyzing these cases and exploring “truck accident settlement” examples, along with verdicts related to truck accidents, provides valuable insights into the legal and financial consequences following such incidents. 

These real-life examples underscore the need for comprehensive measures to address the complexities surrounding truck accidents and enhance overall road safety.

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FAQs

How did the Colorado truck accident happen?

Rogel Lazaro Aguilera Mederos was operating a semi-trailer truck transporting lumber on eastbound Interstate 70 in the afternoon of April 25. Aguilera Mederos' semi-trailer truck broke down while he was driving down a steep section of Interstate 70 at approximately 4:30 p.m. MDT.

How much are most truck accident settlements and verdicts?

In truck accident instances where the defendant was driving a tractor-trailer or another type of heavy/commercial truck, the average settlement amount is $73,109.92.

What is the average settlement for an accident in Georgia?

In general, settlements for minor collisions with little to no property damage and minor injuries could be expected to range from $2,500 to $25,000. The range for accidents that result in serious injuries is $50,000 to $200,000, maybe even more.

What is the highest-paid settlement?

206 Billion Dollars for The Tobacco Master Settlement Agreement and $150 Billion For The Family of Robert Middleton are the highest personal injury settlements.

What is the longest a settlement can take?

While some settle in three months, some may take up to five. Sometimes a personal injury claim proceeds to trial instead of a settlement.

Who was the tow truck driver killed at Woodstock GA?

Earlier this month, Frank Ingram was murdered on the shoulder of I-575 by a passing car when he was trying to hook up a dump truck.

What did the truck driver do wrong in Colorado?

As he descended the mountain, he made many errors, including burning up his brakes and putting his truck out of gear. He disregarded the one escape ramp accessible to him for unclear reasons. His truck was speeding down the highway, loaded with logs when he came across a traffic jam that had been created by an earlier crash.

What comes up when you look up truck accident Houston?

Video shows a postal truck involved in a collision in north Houston; the rider hits the truck and perishes after the deputies give up on Crosby.

Conclusion

In conclusion, addressing the multifaceted aspects of truck accidents necessitates a comprehensive approach that encompasses legal, safety, and preventative measures. By understanding the impact of truck accidents and promoting awareness, we can strive to make our roads safer for everyone while seeking justice for those affected.

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News Finance

Can I invest in mutual funds without a SIP? 

Investing in mutual funds has become increasingly popular as individuals seek avenues to grow their wealth and achieve financial goals. While Systematic Investment Plans (SIPs) are a common and disciplined approach, potential investors often wonder whether it’s possible to invest in mutual funds without a SIP.

The answer is yes, you can invest in mutual funds without a SIP (Systematic Investment Plan). SIP is just one option among many for investing in mutual funds, but it’s not the only choice. You can also make a Lump sum investment in the mutual funds. There are different approaches you can take to invest in mutual funds.

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What are the traditional routes to mutual fund investment?

traditional routes to mutual fund investment

Secondary Market Purchases on Stock Exchanges

Using the secondary market on stock exchanges like the Nepal Stock Exchange (NEPSE) is a simple way to invest in mutual funds without a SIP. Units of mutual funds that are already listed on the exchange can be traded at any time. This option provides flexibility, enabling investors to make purchases and sales under their financial plans and the state of the market.

Direct Purchase from Fund Managers

Those who are not inclined toward systematic investment plans (SIPs) have the option of purchasing open-ended mutual fund schemes directly from fund managers. To directly purchase and redeem units, investors can go to the office of the fund manager or one of its approved agents. The benefit of open-ended funds is that they don’t have a set maturity date, giving you the freedom to invest and withdraw at any time.

Participating in Initial Public Offerings (IPOs)

Upon launch, mutual fund schemes frequently go through an initial public offering (IPO) procedure. The general public can subscribe to fund units during this period. Subject to regulatory agencies such as the Securities Board of Nepal (SEBON) approving the new mutual fund offerings, investors can investigate new avenues and take part in initial public offerings (IPOs).

What are the benefits of the SIP alternative?

Potentially Higher Returns

The attraction of lump sum investments is their instantaneous capacity to capitalize on market expansion, providing a competitive edge in an expanding market. A lump sum deposit exposes the entire amount to the market at once, in contrast to SIPs, where investments are spaced out over certain times. This strategy may yield larger returns in a thriving market since the entire investment amount gains from market upswings from the beginning.

Lump sum investments may be a wise strategic move for investors eager to profit from particular market situations or who have a great sense of market trends. It’s important to recognize that there are dangers associated with this strategy, though, as market timing is difficult by nature and unanticipated downturns can result in losses. 

Nevertheless, for those with a risk appetite and confidence in market movements, the potential for immediate and robust returns makes lump sum investments an enticing option.

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Faster Achievement of Short-Term Goals

Lump sum investments are designed specifically for people who have short-term financial goals and prioritize achieving those goals as soon as possible. Lump sum investments can offer a quicker route to achieving these goals, whether they are related to saving for a down payment on a house, paying for future educational costs, or organizing a dream vacation.

For example, a lump sum investment can take advantage of market conditions to accelerate the growth of invested cash if an investor has a few years to reach a certain financial goal. This is particularly relevant in scenarios when the urgency of the financial goal may not coincide with waiting for additional SIP contributions.

Although the possibility of achieving goals more quickly is appealing, investors must balance this with the related market dangers. Although lump sum investments may yield faster returns due to the inherent volatility of financial markets, investors run the risk of having their returns negatively impacted by short-term market swings.

What are the drawbacks of the SIP alternative?

Market Risk

The difficulty of market timing is one of the main drawbacks of lump sum investments. The financial markets are dynamic and subject to a wide range of influences, including world sentiment, geopolitical developments, and economic indicators. Finding the right time to enter the market is a difficult endeavor that has stumped many experienced investors. It’s difficult to time the market correctly, and errors in judgment could leave investors vulnerable to losses if the market declines soon after the lump sum investment.

Prices can change suddenly and quickly due to the inherent volatility of financial markets. Unrealized losses may result from the portfolio’s value being diminished by a market downturn that happens soon after a lump sum investment. 

For investors thinking about making lump sum investments, this danger emphasizes how crucial it is to do in-depth financial analysis, market research, and a sophisticated grasp of global economic trends. Even yet, it is crucial to recognize that risk mitigation is a finely balanced process and that market moves can be erratic.

Requires Larger Capital

The need for a larger initial cash commitment is another important factor to consider when making lump-sum investments. Bulk sum investments require a larger initial capital injection than SIPs, where investors can start with relatively small amounts. For some people, especially newcomers with small resources or those who would like to take a more systematic and phased approach to investing, this requirement might not be possible.

For those who are currently assembling their investment portfolio or would rather experiment with lesser commitments, the higher capital need may serve as a disincentive. 

Investors must make sure that their investment approach fits their long-term objectives, risk tolerance, and financial capability. Although lump sum investments provide the opportunity for instant exposure to market development, it is crucial to make sure that the strategy selected aligns with each person’s unique financial situation.

What affects your decision to invest in mutual funds without a SIP?

  • To Create Long-Term Wealth: Because of the advantages of disciplined investing and rupee-cost averaging, SIPs are typically advised.
  • For Immediate Objectives: If investors have the funds and think the market is ready for rapid expansion, then a lump sum investment can be appropriate.
  • For Novices: People can learn about investing without taking a big initial risk by starting with little SIPs. But if your risk tolerance and market timing are in line, investing in lump sums can be a good alternative.

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FAQs

What are the traditional routes to mutual fund investment?

Investors have several traditional routes to mutual fund investment, including: Secondary Market Purchases on Stock Exchanges Direct Purchase from Fund Managers Participating in Initial Public Offerings (IPOs)

What are the benefits of the SIP alternative?

Two key benefits of the SIP alternative are: Potentially Higher Returns: Lump sum investments can capitalize on market growth immediately, potentially yielding higher returns, especially in a rising market. Faster Achievement of Short-Term Goals: Lump sum investments are suitable for short-term financial objectives, providing a quicker route to achieving goals like saving for a down payment or funding education.

What are the drawbacks of the SIP alternative?

Drawbacks of the SIP alternative include: Market Risk: Timing the market is challenging, exposing investors to potential losses if the market experiences a downturn. Requires Larger Capital: Lump sum investments may not be feasible for everyone, especially beginners with limited savings.

What affects your decision to invest without a SIP?

The decision depends on individual factors such as: Long-Term Wealth Creation: SIPs are recommended for disciplined investing. Immediate Objectives: Lump sum investments may be suitable if funds are available, and rapid market expansion is anticipated. For Novices: Small SIPs allow learning without a large initial risk, but lump sum investments can be considered based on risk tolerance and market timing alignment.

Can I invest in mutual funds without a SIP using the secondary market?

Yes, you can invest by purchasing mutual fund units directly from the secondary market on stock exchanges like the Nepal Stock Exchange (NEPSE), where listed units are freely tradable.

How can I buy mutual fund units directly from fund managers?

Investors can directly purchase open-ended mutual fund schemes from fund managers by visiting their offices or authorized agents. Open-ended funds provide flexibility without a fixed maturity date.

What is an initial public offering (IPO) in the context of mutual funds?

An IPO is a process where new mutual fund schemes are launched, and the general public can subscribe to fund units during this phase. Regulatory approval, such as from the Securities Board of Nepal (SEBON), is necessary before these new funds can accept investments.

Why is lump sum investment suitable for short-term financial goals?

Lump sum investments are designed for individuals with short-term financial goals as they can potentially provide a quicker route to achieving these goals. This approach leverages market conditions to expedite the growth of invested capital, making it particularly relevant for time-sensitive financial objectives.

Conclusion

To sum up, investing in mutual funds gives more options than only SIPs. Investors are free to select a method that best suits their preferences, risk tolerance, and financial objectives, whether that be through secondary market purchases, direct interactions with fund managers, or involvement in initial public offerings (IPOs). Comprehending the subtleties inherent in every alternative is vital for making well-informed investing choices and optimizing the possibility of generating wealth.

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News Finance

Difference between bonus shares and right shares

For investors hoping to take part in the expansion of different enterprises, the Nepalese stock market offers a multitude of investment options. Investors need to understand the concept of “Bonus Shares” and “Right Shares” while involved in the share market. Both entail the issuance of fresh shares, but they have different goals and affect shareholders in different ways. In this blog, we will understand the bonus shares and the difference between bonus shares and right shares.

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What are bonus shares?

Bonus shares are free shares given to current owners based on the amount of shares they currently own. These shares promote long-term investment and serve as a reward for loyalty. Bonus shares are subject to SEBON laws and the Securities Act, just as right shares

A SEBON approval is required before bonus shares are issued. Businesses in Nepal provide bonus shares to reward customers for their loyalty, improve market sentiment, and boost liquidity by increasing the total number of shares in circulation.

What is the impact of bonus shares?

Dilution: As the total number of shares rises, bonus shares, like right shares, cause dilution of current shareholder ownership.

Market Price: Because of the additional liquidity, the short-term impact on the market price is often neutral or slightly positive. Market conditions and the company’s performance will determine the long-term effects.

No Subscription: Bonus shares are distributed without charge, and owners are not given the choice to sell or subscribe to them. Shareholder accounts are automatically credited with them.

Let’s say a Nepali business announces a 2:1 bonus share offering. A shareholder who owns 150 shares at the beginning of the bonus share issuance is entitled to an additional 300 shares at no further cost. Consequently, the bonus share allocation causes their overall holding to increase to 450 shares, essentially tripling.

Difference between bonus shares and right shares?

The difference between bonus share and right share is tabulated below:

FeatureRight SharesBonus Shares
PriceDiscountedFree
PurposeRaise capitalReward loyalty, improve market sentiment
SubscriptionOptionalNot applicable
Dilution effectYesYes
Market impactCan initially depressNeutral or slightly positive
RegulationsSEBON approval requiredSEBON approval required

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FAQs

What are bonus shares, and how do they differ from right shares?

Bonus shares are free shares given to existing shareholders based on their holdings. They reward loyalty and boost liquidity. Unlike right shares, they don't require a subscription and are automatically credited to your account.

What are the impacts of bonus shares?

Similar to right shares, they lead to slight ownership dilution. The market price may remain neutral or slightly increase due to added liquidity. Long-term effects depend on the company and market conditions.

Which is better, the right shares or bonus shares?

Is bonus share good or bad?

Bonus shares can be beneficial as they increase shareholder ownership without requiring additional investment and can signal confidence in the company's performance. However, they can also dilute existing shareholders' ownership and may indicate a lack of cash reserves for dividends. Ultimately, the perception of bonus shares depends on individual investor preferences and the company's specific circumstances.

Conclusion

Making wise investment decisions requires an understanding of the right shares and bonus shares in the context of the Nepalese market. Both approaches entail the issuing of additional shares, but they must be carefully considered due to their differing goals, effects, and legal requirements. 

Investors can strategically manage the Nepalese stock market by understanding the key distinctions and potential repercussions and making decisions that align with their investing objectives. A company’s financial structure is greatly influenced by both right shares and bonus shares, therefore investors should consider these factors while constructing a diversified portfolio.

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News Finance

What is Right Share and how to apply for right share in Nepal?

Right shares are issued by any company to raise capital and right share can only be issued after the company has issued an IPO of the company previously. To apply for the right share of any company you already need to have a share of that specific company. You will learn in detail how to apply the right shares in this blog.

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What are the right shares?

Right shares are newly issued stock sold to current stockholders at a price lower than the going rate. Based on their current holdings, each shareholder has the “right” to buy a certain number of additional shares.

The Securities Act of 2006 and guidelines established by the Securities Board of Nepal (SEBON) control the issue of right shares in Nepal. The issuance procedure, eligibility requirements, and shareholder rights are all outlined in these regulations.

In Nepal, businesses usually offer the right shares to raise money for investments, debt repayment, or business expansion. For such issuances, SEBON clearance is required, guaranteeing regulatory control.

What should you look for while applying for the right share?

  • Issue price
  • The ratio of new shares to existing shares
  • Subscription dates
  • Payment methods
  • Required documents (e.g., Demat account details, existing shares of a company)

Select your application method 

You can apply for the right shares using the given methods:

  • Through the broker: Usually, your registered broker is the one you apply to.
  • Issuer’s office: It may be possible to apply directly in some situations.
  • Online method: Login into your Meroshare account.

How do you apply for the right share through Meroshare Asba?

Step 1: Visit the Mero Share website. Enter your “Depository Participant”,  “Username” and “Password” to log in to your account.

mero share login

Step 2: After login, you will see the dashboard as below. Click on “My ASBA“. Click on “Apply for Issue”, there, you will find your current shares that are available for Right shares. Click on “Apply“.

Step 3: Click on ‘Download Prospectus’ to get more information on the share.

 

Step 4: Check the number of “Right Kitta Eligibility“. you wish to apply for.

Step 5: Enter your “BOID” no. Then select your “Bank“, branch name, and “Account number”.

Step 6: Select the number of right shares you want to purchase on the ‘Applied Kitta’ selection. 

Step 7: Write your CRN number in the ‘CRN’ section.

Step 8: Click on the check box below and click on ‘Proceed’.

Step 9: Then you’ll receive the OTP or confirmation code.

Step 10: Enter your OTP code on the page where they ask you for your OTP code and click on ‘Apply’. You’ll receive a ‘Your share has been applied.’ notification.  Now your right share buying process is completed.

How Many Right Shares Can I Apply For?

When a company offers rights shares, it specifies a ratio that determines how these shares can be obtained. For instance, Gurans Life Insurance released rights shares with a ratio of 15:5. This indicates that for every 5 shares owned, you can request 15 more shares. Thus, if you presently hold 100 shares of Gurans Life Insurance, you have the opportunity to buy 300 additional shares at the designated price.

let’s break down the calculation:

Given:

  • Ratio of rights shares: 15:5
  • Number of shares owned initially: 100

To calculate the number of additional shares eligible to purchase:

1. Determine how many groups of 5 shares are contained within the initial holding of 100 shares:

Number of groups = 100/ 5

                                  =20

2. Multiply the number of groups by the corresponding number of rights shares in the ratio (15):

Additional shares eligible =20×15

                                               =300

So, if you have 100 shares of Gurans Life Insurance, you are eligible to purchase an additional 300 shares through the rights offering.

What is the impact of the right share? 

Dilution: When new shares are introduced at a discounted price, right shares may cause dilution of ownership of current shareholders.

Market Price: Because of the additional supply, the market price of existing shares may initially decline. Long-term consequences, however, are contingent upon the performance of the company and the efficient use of resources.

Subscription: Shareholders may choose to subscribe for the shares that correspond to their allotted rights, sell those rights on the open market, or allow their rights to expire.

Assume a Nepalese firm has 300 shares owned by a shareholder. The business announces offering the right shares at a 20% discount. The shareholder is faced with an option: they can sell their market rights, let them expire, or buy 60 additional shares at a discounted price. The shareholder can purchase more shares at a lower cost than the going rate when the 20% discount is applied.

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FAQs

What are the right shares, and how do they work?

Right shares are new shares offered to existing shareholders at a discount, allowing them to buy more shares proportionally to their current holdings. This helps companies raise capital without diluting ownership as much as issuing new shares at the market price.

How do I apply for the right shares?

To apply, check if you're eligible (registered shareholder on the record date) and gather details like issue price, subscription dates, and payment methods. Apply through your broker or issuer (if allowed). Submit the form, payment, and required documents (e.g., Demat details) before the deadline.

What are the potential impacts of right shares?

They can dilute ownership slightly. The market price might initially dip due to increased supply, but long-term effects depend on capital usage and company performance. You can choose to subscribe, sell your rights, or let them expire.

Conclusion

In short, right shares are a way for companies to raise capital by offering existing shareholders the chance to buy more shares at a discount. When applying, investors need to consider factors like price, subscription dates, and payment methods. Right shares can impact ownership, and market price, and provide options for shareholders. For example, if a Nepalese firm offers a 20% discount, shareholders could buy additional shares at a lower cost or explore other options with their rights.