NEPAL

NEPAL

Trade deficit, depleting forex reserves prompt Nepal to take measures to boost...


The Nepali government has moved to take measures to boost exports and restrict imports as the country is worried about widening trade deficit and the decrease in foreign exchange reserves. Nepal's Ministry of Industry, Commerce and Supplies on... More

China casts a long shadow over Nepal!


School children in Nepal have to learn three languages — Nepali, English and Mandarin Chinese. Thus the message is loud and clear that China has already cast its long shadow over the Himalayan country. “Students at different levels... More

Nepal Investment Summit slated for March


In yet another attempt to grab the attention of global investors, the government is preparing to host the ‘Nepal Investment Summit 2019’ in the Capital on March 29 and 30 next year. Primarily intended to showcase the improved... More

Train to Kathmandu: Proposed China-Nepal railway may reduce India’s influence on Himalayan...


When the idea of a China-Nepal railway was first floated, it seemed like the project would not see the light of day. The technical odds of building the railway through some of the highest and most precarious... More

Nepal, India agree to seal energy banking deal


Nepal and India have agreed to sign an energy banking deal that will prevent the spilling of electricity generated in the country when the production is higher than the demand. Energy banking involves exchanging electricity for electricity instead... More

Nepal caps expenditure of its citizens in India


Nepal on Tuesday imposed a monthly limit on the amount of Indian currency its citizen can spend in India. A spokesperson of the Nepal Rastra Bank (NRB) said a Nepali citizen would be unable to spend more... More

Pawns in a geostrategic chess game in the Himalayas


Nepalese Foreign Minister Pradeep Gyawali recently concluded a formal visit to the US, where he engaged in bilateral talks with Secretary of State Mike Pompeo on December 18. It was the first high-level exchange between Nepal and... More

UN peacekeeping operations: Nepal-US defense deal in the making!


In a move preparing its Army for UN peacekeeping operations, the Nepal Government has decided to clear legal hurdles for the import of weaponry from the United States. The government informed that it is ready to make full... More

Nepal expects more Chinese investment in infrastructure to boost development


Nepal has benefited from China's economic boom and will pay close attention to China's investment as relations with its neighboring countries are crucial to Nepal's overall economic development, said Nishchal N. Pandey, director of the Center for... More

India relaxes hydro power import rules to allow Nepal-Bangladesh trade


India has amended its cross-border power trading regulations, paving the way for Nepali power producers to export electricity to third countries such as Bangladesh. Before the amendment, only state-run companies of the two countries or companies with at... More

Nepal Army chief Thapa to visit India on January 11


Chief of Army Staff General Purna Chandra Thapa will be leaving for India, his first international trip since taking charge of the Nepal Army, in the second week of January. He will be conferred the title of... More

Nepal urges China to fund feasibility study


Nepal has requested the Chinese Railway Authority to provide fund to conduct a feasibility study for the proposed Kathmandu-Kerung railway. A decision to this end is expected be made at the fourth meeting of Nepal-China railway sometime... More

Nepal finally looks beyond India and China


Nepal for a long time has heavily invested its time and energy to deal with India and China, the regional giants and Nepal’s only two bordering countries. But now Kathmandu has started to reach out to its... More

Kathmandu Metropolitan City, Chinese Company sign MoU for DPR on monorail


The Kathmandu Metropolitan City (KMC) on Wednesday signed a memorandum of understanding (MoU) with China Railway Construction Corporation (CRCC) to conduct the Detail Project Report (DPR) for the construction of proposed monorail along the 27-km Ring Road. KMC... More

FOREIGN MINISTER GYAWALI MEETS US SECRETARY OF STATE POMPEO


Foreign Minister Pradeep Gyawali met US Secretary of State Michael Richard Pompeo at the US Department of State in Washington on Tuesday. A statement issued by the Foreign Ministry stated the two countries agreed to widen and deepen... More

Zhangmu port between China and Nepal likely to reopen in May 2019


Zhangmu port in Xigaze, Southwest China's Tibet Autonomous Region, which was damaged in the 8.1-magnitude earthquake in Nepal in 2015, could reopen as soon as May 2019, a government official disclosed on Monday. The information was disclosed by... More

FORMER PRIME MINISTER TULSI GIRI PASSES AWAY AT 93


Former Prime Minister and senior politician Tulsi Giri has passed away at his residence in Budhanilkantha, Kathmandu on Tuesday, after a prolonged battle with liver cancer, his family source said.  He was 93. A patient of liver cancer,... More

CHINA INVITES PRESIDENT BHANDARI TO VISIT IN APRIL


Beijing has said it will pursue high-level political exchanges with Nepal, revealing that President Bidya Devi Bhandari would visit China in April next year at the invitation of her Chinese counterpart Xi Jinping. In a meeting with Foreign... More

Nepal to ban higher denomination Indian Currency notes


The government of Nepal has decided to ban the use of high denomination Indian Currency notes and use only IRS 100 in Nepal from now onwards. The government has called on the people to refrain from keeping or... More

Nepal unhappy with India over delay in review of ‘unequal’ treaty


The government of Nepal is reportedly disappointed over what it describes as India's "dilly-dallying approach" in reviewing the 7-decade-old Peace and Friendship Treaty which Kathmandu considers "unequal", as it infringes upon the country's sovereignty. An official in... More

CONSTITUTIONAL COUNCIL UNANIMOUSLY RECOMMENDS SC JUSTICE RANA FOR CHIEF JUSTICE POST


The Constitutional Council (CC) on Thursday recommended Supreme Court Justice Cholendra Shumsher Rana for the post of Chief Justice. According to Dilli Malla, Press Co-ordinator to Speaker Krishna Bahadur Mahara, a meeting of the council held this morning... More

COLUMN

By reaching out to Taliban, Iran makes presence felt in Afghanistan...

The very nature of the conflict in Afghanistan has made it almost impossible for the neighbouring countries to remain aloof from it or maintain some distance, even a calculated one. For one thing, the conflict is no longer just between the US and Taliban or the US and al-Qaeda. The ISIS, known as IS-K in Afghanistan, has established its presence, which has forced many countries—Russia, China and Iran—to change... More

The sorry state of Pakistan’s police

The imperial form of police infrastructure that Pakistan inherited was deliberately created to serve the British rulers rather than promote harmony, security and adherence to the law. The 1861 Police Act has never changed except for minor amendments. Even the new laws introduced by the provinces retain more or less the essence of the original imperial law. The persisting culture is to ensure that the weak remain subservient to... More

Bangladesh’s position on global terrorism index has improved: Australian agency CPES

An Australian outfit, Centre for Peace and Economic Studies (CPES), has stated that Bangladesh has gone up four positions in the global terrorism index, according to it’s ranking. Several other countries in South Asia have gone down in terms of vulnerability, including Pakistan and India. Nepal, Bhutan and Sri Lanka have also improved their standings in this index. CPES has reported that introduction of modern education in madrassas, investment in... More

How the Taliban have become leading actor in Afghan peace talks

While the Taliban have established their domination both politically and militarily in almost half of Afghanistan, the consequent talks with the US and the way they have progressed show that they are already in a commanding position. They certainly have become the leading actor in these talks not just because they are the ones fighting the war against the US and Afghan forces, but also because they are directing... More

Exploiting Pakistan’s ‘Gold Coast’

The emerging markets of Central Asia require that a sea-land (south-south) dimension to support the north-south axis be added for expansion, otherwise all facilities and opportunities are likely to be clogged because of unplanned urban population expansion. The long coastline with stretches of virgin beaches and adjacent vast empty hinterland require well-planned commercial exploitation. It is personally satisfying that recommendations made in my articles of nearly three decades ago,... More

VIDEO-INTERVIEW

OUTCOME AND FUTURE OF BMISTEC? & WHAT’S ON THE BALANCE?


The fourth summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), held in Kathmandu on August 30 and 31, was “not fruitful” because of the inherent “weakness” of the regional inter-state institution,... More

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