Latest news with #Karnal
Yahoo
5 days ago
- Yahoo
Nepal offers free climbs to 97 peaks as tourism to Everest surges
Nepal will make 97 of its Himalayan mountains free to climb for the next two years in a bid to boost tourism in some of its more remote areas. It comes as permit fees to summit Mount Everest, the world's highest peak, during peak season will go up to $15,000 (£11,170) from September - the first increase in nearly a decade. Nepal's tourism department said it hopes the initiative will highlight the country's "unexplored tourism products and destinations". Mountaineering generates a significant source of revenue for Nepal, which is home to the world's 10 tallest mountains. Climbing fees brought in $5.9m last year, with Everest accounting for more than three quarters of that. The peaks for which fees will be waived are located in Nepal's Karnali and Sudurpaschim provinces, standing between 5,970m (19,590 ft) and 7,132m high. Both provinces, located in the far-western region of Nepal, are among the country's poorest and least developed provinces. "Despite their breathtaking beauty, the number of tourists and mountaineers here is very low as access is so difficult. We hope the new provision will help," said Himal Gautam, director of Nepal's Tourism Department. "They can create jobs, generate income, and strengthen the local economy," he said, as reported by The Kathmandu Post. But it is unclear if authorities have plans to improve infrastructure and connectivity to these remote areas - and how well communities in these areas might cope with an influx of climbers, if the free-to-climb initiative does take off. Climbers have historically shown little interest in these 97 remote peaks - only 68 of them have ventured there in the last two years. In contrast, some 421 climbing permits were issued for Everest in 2024 alone. Everest, the world's highest peak at over 8,849m, has in recent years been plagued by overcrowding, environmental concerns and a series of fatal climbing attempts. In April 2024, Nepal's Supreme Court ordered the government to limit the number of mountaineering permits issued for Everest and several other peaks, saying that the mountains' capacity "must be respected". In January this year, authorities announced a 36% mark-up in permit fees. For those attempting the summit outside the peak April to May season, it will now cost $7,500 to climb Everest during September to November and $3,750 during December to February. Nepal's parliament is also debating a new law that will require anyone wanting to scale Everest to have first summited a mountain over 7,000m in the country. This makes the peaks in Karnali and Sudurpaschim "ideal training grounds", according to The Kathmandu Post. Climbing Everest? You need to bring your poo back Deadly Everest season puts focus on record permits Solve the daily Crossword
Yahoo
02-06-2025
- Business
- Yahoo
Chaman Lal Setia Exports Ltd (BOM:530307) Q4 2025 Earnings Call Highlights: Navigating Growth ...
Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Chaman Lal Setia Exports Ltd (BOM:530307) reported an 11% increase in revenue, indicating positive growth despite challenging market conditions. The company successfully managed to maintain profitability despite high ocean freight costs and fluctuating rice prices. New infrastructure developments, including three new units in Karnal, are expected to enhance production capacity and revenue. The company has a strong presence in multiple countries, selling in over 80 countries, which diversifies risk and expands market reach. Chaman Lal Setia Exports Ltd (BOM:530307) is actively expanding its customer base and exploring new markets, including potential opportunities in Japan. The company faced significant challenges due to increased transportation costs, which impacted profitability. Rice prices have been volatile, with a noted decrease in prices affecting revenue in certain quarters. The company's gross margins have decreased from 31% to 22% over the last five years, indicating pressure on profitability. There were issues with electricity affecting the efficiency of new plants, currently operating at 60% capacity. The domestic market expansion, particularly for the Maharani brand, has been slower than anticipated, with limited substantial progress. Warning! GuruFocus has detected 3 Warning Signs with BOM:530307. Q: What is the volume growth for this year and quarter, and what is the current inventory volume? A: The sales volume increased by 11-12% this year. The current stock includes over 65,000 tons of rice and 7,600 tons of paddy. (Respondent: Unidentified_1 and Unidentified_4) Q: What are the expectations for volume growth this year, and were there any inventory losses due to higher-priced inventory? A: There were no inventory losses as the inventory was bought at a lower price, and sales were hedged. Prices are now rising, allowing sales at higher prices. (Respondent: Unidentified_1 and Unidentified_4) Q: How have transportation costs impacted profitability and margins? A: Transportation costs have doubled in the last year, impacting profitability. However, this is expected to be a short-term issue as business readjusts. (Respondent: Unidentified_4) Q: What is the status of the new facility at Gandhidham, and what activities are planned there? A: The Gandhidham plant is set to be inaugurated soon. The company follows a flexible model to protect against market fluctuations. (Respondent: Unidentified_4) Q: What is the future guidance for revenue and capacity expansion? A: The company expects to achieve a revenue of 2000 crores with the new plants coming online. Three new units in Karnal are operational, with two running at 60% efficiency. (Respondent: Unidentified_1 and Unidentified_4) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Hindustan Times
08-05-2025
- Politics
- Hindustan Times
CM Saini's Karnal event, others postponed
In view of the prevailing security situation in the country, Haryana chief minister Nayab Saini's Karnal event for Friday and others in the coming days stand postponed, officials said. Saini was to chair state-level celebrations of Maharana Pratap Jayanti at Salwan village of Assandh sub-division. Assandh MLA Yogender Rana said that preparations for the event were completed, but due to the latest government advisory in view of prevailing security situation in the country, the programme was postponed. 'For us all, the country stands first and we will abide by all the orders. Programme can be organised again in future when the situation normalises,' he added. Along with this, officials said that the CM also decided to postpone all his state programmes in view of the current circumstances.
