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The Nepal Stock Exchange (NEPSE) plunged by 13. 95 points to close at 2, 712. 54 points on Wednesday. 

Similarly, the sensitive index dropped by 2. 10 points to close at 470. 31 points.

A total of  11,362,465-unit shares of 346 companies were traded for Rs 1. 57 billion.

Meanwhile,  Everest Colour Limited (ECL) was the top gainer today with its price surging by 14. 99 percent.

Likewise, 9.5% NCC Debenture 2086 (NCCD86) was the top loser as their price fell by 7. 16 percent.

At the end of the day, the total market capitalization stood at Rs 4. 66 trillion.

Twenty-five tourists have died of high altitude sickness in the Annapurna trekking route during the fiscal year 2082/83, the Annapurna Conservation Area Project (ACAP) said. 

According to ACAP, out of those casualties, 12 were Nepalis, nine were Indians, and one each from Japan, Mexico, Spain, and Singapore.

Fifteen people died in Mustang, eight in Manang, and one each at the Annapurna Base Camp and in Mardi Himal due to high altitude sickness. 

Among the Nepalis who died, four were guides and porters, the project chief Dr Rabin Kadariya informed.

During the trekking season, five tourists lost their lives in various trekking-related accidents in the same period.

An Indian tourist died during a heavy snowfall while trekking in Manang. 

An Australian tourist lost life while descending after climbing Himlung Mountain in Manang.  

Likewise, one Nepali trekker died during a trek to the Mardi Himal, and a German citizen lost his life to altitude sickness while trekking around Khopra area in Myagdi.

It is said that deaths due to high altitude sickness usually occurred in the upper regions of Mustang and Manang. 

Twenty-one tourists died in the fiscal year 2080/81 and 19 tourists in the fiscal year 2081/82 due to the same cause, according to ACAP.

The bodies of two men have been found inside the water tank of an under construction house in Rajaura, Tulsipur Sub-metropolitan City-6, Dang.

Upon receiving information about the incident, a team from the Area Police Office, Tulsipur, reached the incident site and started an investigation.

Police said that the identities  of the deceased are yet to be established.

The Area Police Office said that they are looking into the case. 

As Japan is facing severe heat in major cities, the Tokyo Metropolitan Government is pushing company employees to wear casual outfits like t-shirts and shorts. According to BBC, Tokyo Governor Yuriko Koike introduced ‘Tokyo Cool Biz’ in April, hoping to expand on her signature cool down initiative which has now become a widely recognised annual summer tradition.

The policy is getting mixed reviews where some are appreciating it and others are against it saying that it is unfair for women since they are still expected to wear tights when showing a part of their legs. 

BBC reported that few women describe the experience of ‘leg hair harassment’, referring to the discomfort of being forced to see their colleague’s leg hair.

A survey by Gorilla Clinic in June found 53.5 percent opposed wearing shorts to work in the summer while 46.5 percent were in favour of the new recommendation.

Experts from the Japan Academic Network for Disaster Reduction said that heat acclimatisation is needed as it takes several weeks for the body to adapt to high temperatures and said to start preparing for hot weather and taking measures to prevent heatstroke during the country’s rainy season, before the full summer heat arrives.

Japan experienced its first cruelly hot day with temperature climbing past 40C (104F). It is also described as ‘kokushobi’, which is used on days when temperatures reach 40C, with the aim of more effectively warning the public about dangerous heat.

According to the BBC, On Tuesday, temperatures in three central Japanese cities - Tajimi, Gujo, and Toyoda - hit that threshold. The heat is expected to continue into next week, said Japan’s Meteorological Agency (JMA).

Last year, Japan saw its highest-ever temperature of 41.8C in the city of Isesaki.

People are requested to use ACs, drink enough water and avoid outdoor activities. 

The Tokyo Fire Department said a total of 287 people, aged three to 103, were taken to the city’s hospitals on Tuesday because of apparent heatstroke - the highest number recorded this year, said national broadcaster NHK.

As the temperature is rising in Japan, working staffs are also said to wear casual and comfortable clothes for office instead of suit, pants and tie. 

France approved the law to ban social media from those who are under 15 years old. The law will be regulated from January 2027, marking the first European country to govern it. BBC reported, everyone in France needs to verify their age before accessing social media.

French President Emmanuel Macron welcomed the move pledging to mark the end of his decade in office. Both the French Senate and National Assembly adopted the ban on Tuesday, despite criticism from some on the left, according to BBC.

It will be implemented in two stages:

• From September, people under 15 will not be able to open accounts and age verification will be required on all new accounts
• In January 2027, this rule will apply to all existing accounts - meaning everyone in France will have to prove they are over 15 to use social media

Once the ban is in place, social media platforms would need to use age-verification tools approved by the French privacy regulator, according to Reuters news agency.

The Ministry of Finance has issued a 47-point guideline related to budget implementation for all ministries, commissions, secretariats and entities for effective implementation of the current fiscal year's budget.

The guideline issued on Monday directed to increase effectiveness of capital expenditure implementing the budget and programs within the deadline, to use means and resources economically, and to regularly monitor the progress of development projects.

All the ministries and bodies should timely update the approved program and budget in line ministry budget information system, prepare procurement plan and annual action plan in the beginning and implement it and resolve problems seen in project implementation on time, reads the guideline.

The bodies concerned have been asked to control unnecessary expenses, to make the public procurement process competitive, transparent and timely and to make payment of development projects on the basis of their performance.  

The guideline has given special direction to bodies concerned to make revenue collection more effective, to strengthen internal control system, to pay attention to protection and use of public property and to maintain financial discipline. 

The Finance Ministry laid emphasis to make regular monitoring of projects and programs, progress review and report system effective.

According to the Ministry, the guideline was issued with the aim of addressing the problem of delay in budget implementation, weak expenditure capacity and failure to achieve targets. 

The price of gold has increased by Rs 5, 400 per tola in the domestic market on Wednesday. 

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 291, 000 per tola today. It was traded at Rs 285, 600 per tola on Tuesday.    

Similarly, the price of silver has increased by Rs 110 per tola and is being traded at Rs 4, 480 per tola.