Friday, October 31, 2025

Israeli Embassy holds memorial

Kathmandu, Oct. 30

The Embassy of Israel organised a memorial ceremony in Kathmandu on Thursday to honour the victims of the October 7, 2023 Hamas terrorist attack in Israel.

The assault claimed the lives of more than 1,200 people, including 11 Nepali students participating in an agricultural training programme. Among them was Bipin Joshi, who was abducted alive during the attack and recently confirmed dead after two years, with his body repatriated to Kanchanpur, Nepal.

The programme began with the screening of footage showing the atrocities committed during the attack, followed by a candle-lighting ceremony and a moment of silence. Government officials, diplomats, media representatives, and other dignitaries paid tribute to the victims and expressed solidarity with their families, the Embassy informed in a statement.

Family members of the deceased and survivors also shared their experiences.

Israeli Ambassador to Nepal Shmulik Arie Bass reaffirmed Israel’s commitment to the victims’ families, while Supreme Court Justice Sunil Kumar Pokharel expressed hope for lasting peace in the region.

A photo exhibition accompanied the event. 

  Published in The Rising Nepal daily on 31 October 2025.     

Japan grants Rs. 2.6 billion to reconstruct BP Highway

Kathmandu, Oct. 30

The government of Japan has agreed to provide financial support worth R. 2.6 billion for the repair and reconstruction of the BP Highway, which was damaged by the floods in September last year.

The government of Nepal and JICA signed a grant agreement of up to 2.8 billion Japanese Yen (Rs. 2.6 billion) for the Emergency Rehabilitation of Sindhuli Road Affected by Floods on Thursday.

Secretary at the Ministry of Finance (MoF) Ghanashyam Upadhaya and Ambassador of Japan to Nepal Maeda Toru signed the exchange of notes for the same.

Similarly, the agreement was signed by chief of the Foreign Aid Coordination Division (FACD) at the MoF Dhani Ram Sharma, and Chief Representative of JICA Nepal Office Matsuzaki Mizuki.

According to a statement issued by the MoF, Finance Minister Rameshore Prasad Khanal and Home Minister Om Prakash Aryal were present at the signing ceremony.

Between September 26 and 29, 2024, a torrential rainfall in Nepal caused severe flooding and landslides, significantly damaging a few sections of the BP Highway - a vital route connecting Kathmandu to the Eastern Tarai.

“The grant aid is expected to support Nepal’s effort to strengthen the disaster resilience of the Sindhuli Road and recover from the damages for efficient operation,” read the statement.

The 160 km national highway connecting Kathmandu to the Mid and Eastern Tarai, was completed with Japanese Grant Aid of around 25.8 billion Japanese Yen, the largest such grant globally.

Since becoming operational in March 2015, it has significantly reduced travel time from over 9 hours to just 5 hours between Kathmandu and Bardibas,” read the statement.

JICA has also supported the construction of Kathmandu-Bhaktapur Road (9.1 km) and the ongoing construction of Nagdhunga Tunnel.

  Published in The Rising Nepal daily on 31 October 2025.     

Social media will not be banned: Minister Kharel

Kathmandu, Oct. 29

Minister for Communications and Information Technology Jagdish Kharel said that online television (YouTube channels) will be systematised and strengthened to establish them as a new form of mainstream media.

During a discussion with representatives of the Online Television Association and National Folk Journalists Nepal on Wednesday, Minister Kharel said that the role of online television has already been expanded as a primary medium of information, and therefore, it must be made responsible, organised, and powerful.

“As the new mainstream platform, online carries the greatest responsibility. Most Nepalis now consume news through new media. The audience is constantly evaluating you - how responsible and accountable are you? How truthful is the information you provide? How much misinformation and disinformation exists? We all stand in the people’s court,” he said.

The Minister added that if the media operates professionally and responsibly, the public will be better informed and able to access accurate information.

He also assured that all workers in the formal sector would be included in the Contribution-Based Social Security Fund, and he committed to simplifying the process of online media registration and renewal by introducing necessary regulations.

Likewise, he reaffirmed that social media would never be banned or shut down. According to him, neither the new mainstream media nor any form of communication platform would face closure.

“As the Minister for Communications, I want to make it clear that social media and the new mainstream media must never be banned, and they will not be banned. No type of media should be shut down, and it will not happen,” said Minister Kharel.

 

Minister Kharel meets Rajak's family

Meanwhile, Minister Kharel met the family of late journalist Suresh Rajak and expressed his commitment to pursuing justice for the victim.

During the meeting with Rajak's spouse Sujan and other family members held at the Ministry of Communication and Information Technology at the Singha Durbar on Wednesday, he assured that efforts to ensure justice for the late journalist would continue. He also committed to coordinating employment opportunities for Sujan and supporting her in pursuing higher education.

On the occasion, Sujan requested that the perpetrators of the incident be brought under legal action.

Journalist Suresh Rajak lost his life when a house caught fire during a protest in Tinkune, Kathmandu, on March 29 this year. His family has been consistently demanding that those responsible be held accountable and brought to justice.

  Published in The Rising Nepal daily on 30 October 2025.     

Home Ministry warns of infiltration in sit-ins, rallies

Kathmandu, Oct. 25

The Ministry of Home Affairs (MoHA) has warned about the potential disorder created by various interest groups that may infiltrate in various protest programmes being organised, of late.

Issuing a statement on Saturday, the MoHA said that it has been seriously observing the programmes, including sit-ins, rallies, and protest demonstrations, organised in public spaces such as public roads in the name of various individuals and groups.

"This situation has arisen even as the country had returned to the previous state where the security situation was normalised and an election-centric atmosphere was created by resuming public services after the demonstrations on September 8 and 9," read the statement while further adding that as vested interest groups seeking to cause disturbances may infiltrate such programmes and create severe disorder and anarchy in the country at present, the organisers themselves should also be vigilant in this regard.

Likewise, it requested one and all to contribute to the task of promoting national interest by maintaining communal harmony in the country, ensuring that the rights of the people—including the right to live peacefully, the right to obtain uninterrupted public services, and the right to participate in the election—are not curtailed, and that public security as well as national security is not jeopardised.

"As the government is always ready and serious about addressing the legitimate demands, concerns, and interests of all, all are cordially requested to seek a lawful solution to any demand solely through the medium of talks and dialogue, without resorting to programmes like sit-ins, rallies, protests, and agitations," stated the MoHA.

According to it, as the contribution of all is significant and essential to conduct the election in a fair, impartial, and fearless atmosphere while maintaining peace and security in the country on the announced date, a corresponding role and responsibility is expected.

It also said that to create a favourable environment for the elections, the government is engaging in talks and dialogue with political parties and stakeholders regarding the amendment of election-related laws and the management of resources and means.

  Published in The Rising Nepal daily on 26 October 2025.     

Govt to support in loss not covered by insurance, market mechanism

Kathmandu, Oct. 25

Finance Minister Rameshore Khanal has said that the government will bear the losses incurred during the Gen Z protests if such damages are not covered by insurance or financial system.

"If the losses suffered by the private sector during the protests are not covered by any other mechanism, the government will step in to bear them," he said while accepting a report “Gen-Z Movement: Roadmap for the Economy after the Destruction” (Gen Z Aandolan: Dhwansa Pachhiko Arthatantrako Margachitra) prepared by Nepal Association of Financial Journalists (NAFIJ) at the Finance Ministry on Saturday.

FM Khanal maintained that while some markets manage themselves through natural processes, arrangements have been made for loan investments to support reconstruction. The government has extended the loan repayment periods for the businesses vandalised or set ablaze during the protests while some insurance claims will be covered by insurers.

However, for the types of losses that cannot be covered by insurance, banks and financial institutions, or market processes, the government will have to manage some form of compensation. Currently, the government is discussing the need and modality of such compensation, according to FM Khanal.

“The government is carefully assessing the damages. To help businesses restore their lost properties, the government will either provide grants or soft loans. The incumbent government will complete that work within its tenure," he said.

For this, the government is collecting official data on the damage. Once the details are available, necessary support will be provided to affected businesses.

Minister Khanal further said that while the official data has yet to be finalised, a task force is working to compile details of properties that have suffered loss and damage. Based on the forthcoming report, the government will assist businesses in restoring their lost assets.

FM Khanal reiterated that the current government aims to establish a path toward policy stability. However, he noted that it is not feasible to enact new laws and ensure their continuity at the moment, as the government’s main mandate is to conduct elections.

“Politically, it is not convenient for this government to issue ordinances for purposes other than elections,” Khanal said. “We will carry out tasks that can be implemented through cabinet decisions. We can also prepare the groundwork and drafts for necessary laws and hand them over to the next government.”

Speaking on the occasion, NAFIJ President Menuka Karki said that the report is prepared following a discussion on 'The way forward for economic recovery' participated by representatives from 15 businesses and industries, organised in the wake of the Gen Z movement, and focus group discussions conducted in Pokhara, Birgunj and Biratnagar.

She said that NAFIJ expects the report to be useful for the government in future policy formulation, as well as for researchers seeking to understand the economic impact of the Gen Z movement.

  Published in The Rising Nepal daily on 26 October 2025.     

Capital expenditure remains a meagre 4.7% in first three months of new fiscal

Kathmandu, Oct. 19

Spending of the budget allocated to development projects (capital expenditure) in the first trimester of the current Fiscal Year 2025/26 has remained the lowest in the last four years.

According to the Financial Comptroller General Office (FCGO), capital expenditure has staggered at 4.7 per cent (Rs. 19 billion) of the total allocation of Rs. 407.88 billion only to outperform 3.9 per cent of 2021/22. Then, the government could spend Rs. 14.8 billion against the total capital allocation of Rs. 378.09 billion.

Then, the country's economy was struggling to be back on track after the second lockdown imposed in the last trimester of the previous year. This year, the Gen G protests, vandalism and attack on business and economic establishments has shattered the confidence of the private sector while the damage at the government offices and infrastructures has resulted in procedural delay in the execution of the development projects.

Although poor budget execution during the first half (mid-July to mid-January) has historically remained poor, ministries and other government agencies have found a new excuse in the recent Gen Z protests.

Development expenditure in the same period in the last FY 2024/25 was 8.36 per cent (above Rs. 29 billion). It was 7.2 per cent and 5.17 in 2023/24 and 2022/23, respectively.

Meanwhile, total budget utilisation in the first three months of this year has reached 18.56 per cent with spending of Rs. 364.6 billion from the annual budget of Rs. 1964.11 billion.

Then Finance Minister Bishnu Prasad Paudel had earmarked Rs. 1180.9 billion for recurrent expenditure and Rs. 375.2 billion for financing which has registered the highest performance with 23.61 per cent fund utilisation. Financing budget is used to repay the principal and interest of loans obtained by the country and government-made investment in commercial ventures.

Recurrent expenditure stands at 21.75 per cent (Rs. 256.8 billion). In the past several years, recurrent expenditure remained between 19-22 per cent.

However, the revenue collection has remained satisfactory with 16.51 per cent achievement in the first trimester. Of the annual target of Rs. 1533.44 billion, the government has collected Rs. 253.18 billion. 

The Ministry of Finance informed on Saturday that the target for the first three months of the year was Rs. 321.53 billion. In the last two years, the revenue collection was about 17.3 per cent of the annual target.



Meanwhile, the federal and provincial governments are scrapping the projects of less priority and that are announced without confirming the financial source. Provinces are also reducing the size of development budget by at least 20 per cent. Finance Minister Rameshore Prasad Khanal had already directed all ministries and government agencies to apply austerity measures and apply frugality in spending.

The government is in a pressure to manage funds for the reconstruction and restoration of the buildings and infrastructures damaged during the Gen Z protests in early September this year.

  Published in The Rising Nepal daily on 20 October 2025.     

President, PM receive updates on matters of security situation

Kathmandu, Oct. 18

President Ramchandra Paudel and Prime Minister Sushila Karki have discussed the issues related to the upcoming elections slated for March 5 next year with the chiefs of the security agencies.

The meeting was held at the Shital Niwas on Saturday under the initiative of the President and coordinated by the Prime Minister. It was attended by the heads of all four security bodies, the Home Minister and other ministers, the Prime Minister’s Office informed in a statement.

The meeting was focused on the electoral environment and security concerns.

“All the heads of the security bodies confirmed that they were ready to make the necessary security arrangements for the election. They also presented examples of past elections held successfully, even in more difficult circumstances,” read the statement.

PM Karki and Home Minister Om Prakash Aryal informed that they were ready to provide the required resources for security arrangements, and that management work was also underway. The Prime Minister also provided an update on ongoing discussions with various political parties.

Following the meeting, in her post on X, PM Karki said that the preparations for the elections were satisfactory. “The preparations will be expedited,” she said while urging one and all to remain united to hold the election for an easy political way-out. 

  Published in The Rising Nepal daily on 19 October 2025.     

Saturday, October 18, 2025

We have sole mandate to hold free, fair election: PM

PM Karki's briefing to diplomats


Kathmandu, Oct. 17

Prime Minister Sushila Karki has said that holding election to the House of Representatives (HoR) is the sole and non-negotiable mandate the government is pursuing.

“This non-political, transitional government has one sole and non-negotiable mandate: to hold free, fair, and impartial general elections to the House of Representatives on March 5, 2026,” she said at a briefing to the Kathmandu-based diplomats at the Ministry of Foreign Affairs (MoFA) on Friday.  PM Karki is also looking after the Foreign Ministry.

Stating that the government is committed to a maximum six-month term, after which they will peacefully hand over power to a democratically elected government, she said that current priority is internal stability.

“We are not here to pursue a political agenda, but to pave the way for a new, legitimate one. We will serve as a neutral buffer that guarantees a predictable and secure environment for the democratic process,” she maintained.

According to her, the government is fully engaged in all preparatory works and the state's resources are being directed toward creating the necessary conditions—security, legal frameworks, and logistical preparation—for a credible election.

“We are empowering the Election Commission, improving security and holding dialogues with all political parties and stakeholders, including the Gen-Z representatives,” said PM Karki, adding that the government is also exploring the possibility of an external voting system to progressively realise the principle of universal suffrage for Nepali nationals temporarily living abroad.

As in previous elections, international observation will continue to play an important role in upholding the transparency and credibility of this historic democratic exercise.

PM Karki expected political parties to constructively engage with the new generation.

Likewise, she stated that the government uncovered not only the massive challenges of corruption and misrules in our systems but also the immense potential for reform. This is indeed the moment to rebuild trust, strengthen institutions and steer governance toward greater transparency and better public service.

PM Karki reiterated that her government embodies the peoples overwhelming demand for integrity and the rule of law. She also claimed that the government is determined to set the highest possible benchmark in governance performance, aiming to demonstrate that the government can indeed deliver efficiently, transparently, and responsively.

“We are taking immediate steps to ensure accountability for the past and present. We have constituted a Judicial Inquiry Commission with a clear mandate to ascertain facts and examine underlying causes of the recent violence,” she stated. Furthermore, the government is also taking immediate steps to launch credible, impartial investigations into allegations of high-profile corruption, demonstrating that no one is above the law.

According to PM Karki, the national budget to promote transparency and close avenues for misuse of public funds and have opened files to prosecute entrenched corruption. A series of policy reforms has been carried out to boost the private sector, recognising it as the key engine of economic growth and job creation.

“These steps are just the beginning. Economic and political reforms are not just the demands of the Gen-Z, but the aspirations of every Nepali citizen,” PM Karki stated.

Stating that while focusing on elections, Nepal must also manage the immediate post-crisis economic recovery, she appreciated international support to restore business confidence, and to address the consequences of the infrastructure damage, and ensure the basic functioning of essential public services until the new government takes office.

She also sought support of the development partners in the reconstruction and rehabilitation of infrastructure damaged during the movement are urgent.

“Nepal stands at a critical juncture as we prepare to graduate from the LDC status next year. The road ahead may be difficult, but we are determined to make our graduation smooth, irreversible, and sustainable,” PM Karki said. 

  Published in The Rising Nepal daily on 18 October 2025.     

Insurance claims for disaster damage reach Rs. 3.26 billion

Kathmandu, Oct. 17

The total insurance claims for physical and other damages caused by continuous rainfall, flooding, and landslides up until October 4 in the country have amounted to approximately Rs. 3.26 billion.

According to the life insurance companies, a total of 704 insurance claims have been received from 13 non-life insurance companies and 2 small non-life insurance companies, with an estimated claim amount of Rs. 3.26 billion, the Nepal Insurance Authority (NIA) informed in a statement on Friday.

The highest number of claims – 364 – has been recorded in property insurance, followed by agricultural and crop insurance with 209 claims. A total of Rs. 2.7 billion worth of claims have been made under property insurance alone.

Additionally, 87 claims have been made under engineering and contractor risks, and 33 claims have been received for private motor insurance.

Nine claims have been received for public motor insurance, and two claims have been made under other types of insurance, as reported by the authorities.

Meanwhile, a total of 3,166 insurance claims, related to physical and other damages during the Gen Z protests, have been made with 14 non-life insurance companies and 4 small non-life insurance companies, amounting to approximately Rs. 23.2 billion in claim amounts. According to the non-life insurance companies, the total claims amount received so far, including advance payments, is Rs. 2.01 billion.

In the non-life sector, for the evaluation and monitoring of claims related to physical and other damages during the movement, a total of 2,791 claims have been surveyed, and surveyors have submitted reports for 654 of them.

Likewise, Nepal Reinsurance Company received a total of 2,733 reinsurance claims from non-life insurance companies, amounting to approximately Rs. 15.76 billion. The reinsurance company has provided advance payments of about Rs. 1.63 billion to the non-life insurance companies.

Additionally, the reinsurance company has dispatched joint insurance surveyors for the evaluation and monitoring of 60 claims.

  Published in The Rising Nepal daily on 16 October 2025.     

Let’s not spare cooperative fraudsters: PM Karki

Kathmandu, Oct. 16

Prime Minister Sushila Karki has taken initiative to address the grievances of victims of the cooperative scam.

She held a discussion with the Cooperatives Ministry and other stakeholders at the Prime Minister’s Office at Singha Durbar on Thursday to address the problems faced by victims of cooperative fraud.

Minister for Land Management, Cooperatives and Poverty Alleviation Anil Sinha, Secretary of the Ministry Kedarnath Sharma, Secretary of the PMO Rajkumar Shrestha, Chairperson of the Problematic Cooperatives Management Committee Shriman Kumar Gautam, officials from the Cooperative Regulatory Authority, and representatives of the National Federation for the Protection of Cooperative Depositors participated in the meeting.

Speaking at the meeting, PM Karki said that those involved in cooperative fraud should not be let off under any circumstances.

"We must not let those who swindle and live lavishly off others’ savings go scut free. They walk around wearing gold watches, drive expensive cars, and claiming to have divorced to avoid accountability. We cannot allow them to go unpunished. If the law is inadequate, then let’s amend it," the Prime Minister stated.

"Do whatever needs to be done, but let’s not spare the fraudsters. Let us end the situation where the victims are left weeping in the streets," she directed the concerned authorities.

According to PM Karki, this must be done immediately since it is the government’s responsibility.

“The primary duties of this government are to successfully conduct the elections, take action against corruption, and resolve the cooperative crisis. That is why we are here," she added.

The Prime Minister also emphasised that even if it means auctioning off the properties of those involved in fraud, the savings of the victims must be returned.

"If not us, who? This government will do it. It is unacceptable for victims to be crying in the streets while the fraudsters roam comfortably, well-dressed and unbothered. This is not the mark of a civilised society," she remarked. "If we must auction their property, so be it. If they’ve fled abroad, we must track them down and proceed accordingly."

  Published in The Rising Nepal daily on 17 October 2025.     

Pathak elected IUCN regional councilor

Kathmandu, Oct. 17

Nepali candidate Roshani Adhikari Pathak has been elected as one of the Regional Councilors for the International Union for Conservation of Nature (IUCN) from the East and South Asia Region for 2026–2029.

The election took place during the IUCN World Conservation Congress 2025, held in Abu Dhabi from 9 to 15 October, where seven candidates from the region, including India, China, Pakistan, Malaysia, Japan, and Nepal, competed for five Regional Councillor seats, Embassy of Nepal in Abu Dhabi informed in a statement.

Pathak, an experienced environmental journalist and conservation advocate from Nepal, brings over two decades of experience in biodiversity protection, climate action, and gender equality. A former President of NEFEJ and Board Member of SMCRF, she has championed inclusive, science-based conservation.

Tej Bahadur Chhetri, Ambassador of Nepal to the United Arab Emirates, attended the opening ceremony of the Congress. Bed Kumar Dhakal, Deputy Director of the Department of National Parks and Wildlife Conservation and Head of the Nepali delegation to the Congress, and Ranjita Dahal, Deputy Chief of Mission, Embassy of Nepal in Abu Dhabi, represented Nepal at the Congress, whereas other participants represented the non-government sectors of Nepal.

Non-state organisations from Nepal also organised the launch of the Red Panda Carpet event in collaboration with Red Panda Network Nepal at the IUCN Congress. The Members’ Assembly of the IUCN elected new leadership and country representatives for the 2026–2029 terms.

Razan Khalifa Al Mubarak of the United Arab Emirates was re-elected for a second term as IUCN President, for 2026–2029 period.

Nepal, spanning from the Tarai plains to the Himalayan peaks, is a country of immense ecological richness, home to iconic and endangered species such as the one-horned rhinoceros, Bengal tiger, red panda, and snow leopard, and supporting nearly 3.2 per cent of the world’s flora and 1.1 per cent of its fauna. 

  Published in The Rising Nepal daily on 18 October 2025.     

PM Karki condoles Bipin Joshi’s death

Nation will never forget his sacrifice and bravery


Kathmandu, Oct. 15

Prime Minister Sushila Karki has expressed her profound sorrow and offered a heartfelt tribute to Bipin Joshi, who was abducted by the Palestinian militant outfit Hamas from Israel on 7 October 2023 and killed afterwards.

Stating that the confirmation about his death had shattered two years of hope and prayers for his safe return, she said the demise of Nepali youth in an international conflict had caused immense pain to the nation and his grief-stricken family.

In a message of condolence released on Wednesday, PM Karki acknowledged that Bipin, who had gone abroad for a better future, had always intended to return and contribute to Nepal’s development. Tragically, he became a victim of the brutal nature of the international conflict.

The message highlighted Bipin's extraordinary bravery in the final moments of his capture. “He demonstrated exceptional courage and valour by saving the lives of several friends and colleagues,” read the message.

According to PM Karki, his sacrifice and heroic actions will forever serve as a paramount legacy, symbolising Nepali pride and ensuring his memory remains eternally alive.

She extended her deepest condolences to his family and relatives in this extremely difficult time, praying for the eternal peace of Bipin Joshi's soul. She affirmed that the nation will never forget his sacrifice and bravery.

  Published in The Rising Nepal daily on 16 October 2025.     

GAN urges to continue subsidy on exports

Kathmandu, Oct. 15

Garment Association of Nepal (GAN) has urged the government to reverse its decision to cut subsidies on exports.

The GAN has demanded the immediate reinstatement of the cash incentive scheme for export promotion. The government has recently scrapped the provisions for such subsidies, and the Department of Industry said that it wouldn’t accept any application that is likely to create financial liabilities for the government.

In a statement issued on Wednesday, the GAN warned that this withdrawal of support will severely impact investment expansion, production levels, national exports, and employment figures. The ready-made garment sector is a long-standing leader in Nepal's trade with third countries, and the Association stressed that these financial facilities are crucial for survival.

“Given Nepal’s landlocked status and the high cost of accessing sea routes compared to our neighbours, the cash incentive and the refund of Value Added Tax (VAT) are what allow us to compete in global markets,” read the statement.

According to it, the decision to halt new applications for the cash incentive is certain to have a long-term negative impact on export-oriented industries and will deprive Nepali businesses of the opportunity to be competitive internationally.

In addition to restoring the incentives, GAN for significant administrative reforms. It urged the government to make the VAT refund process 'Paperless and Faceless' immediately.

It also requested the establishment of a simplified process to grant ‘sick industry’ status to dormant export- and employment-focused businesses willing to recommence operations, thereby encouraging export growth.

  Published in The Rising Nepal daily on 16 October 2025.     

FM Khanal urges donors to increase investment in Nepal

Kathmandu, Oct. 15

Nepal’s Finance Minister Rameshore Prasad Khanal held a series of high-level meetings at the sidelines of the annual meetings of the World Bank and the International Monetary Fund (IMF), in Washington D.C. on Wednesday.

According to the Ministry of Finance (MoF), the meetings focused on securing trade benefits, attracting foreign investment, and promoting financial stability for Nepal.

The meeting between FM Khanal and the United States Trade Representative discussed boosting mutual trade and investment between Nepal and the US.

He formally requested an extension of the Nepal Trade Preference Program (NTTP), a vital mechanism for Nepali exports. Separately, the Minister met with a representative from the US State Department to discuss strengthening bilateral ties and exploring other issues of mutual interest, read a statement issued by the MoF.

Likewise, Minister Khanal pressed development partners for increased funding. He held separate discussions with representatives from the Saudi Fund and the Japan International Cooperation Agency (JICA), and urged both to increase their investment commitments in Nepal’s infrastructure and human development sectors.

Following the plea, the Saudi Fund representative confirmed that the Fund would commit investment to crucial irrigation and hydropower projects in Nepal. Similarly, the dialogue with the JICA representative focused on expediting ongoing infrastructure works, including the restoration of the BP Highway, and the swift progress of both the Nagdhunga Tunnel Road and the Koteshwar Section projects.

Minister Khanal also engaged in talks with Krishna Srinivasan, the Director for the Asia and Pacific Department at the IMF, regarding the nation's financial stability. They talked about the continuation of the Extended Credit Facility (ECF) programme, which is supported by the Fund.

They also exchanged views on necessary amendments to the Nepal Rastra Bank Act, reviewing the loan portfolios of commercial banks, and measures to maintain overall financial stability in the country.

Governor of the NRB Bishwo Nath Poudel was present during this meeting. 

  Published in The Rising Nepal daily on 16 October 2025.     

Xiaomi launches 15T in Nepal

Kathmandu, Oct. 15

Xiaomi has officially launched its latest smartphone, Xiaomi 15T, in Nepal.

The flagship device features a premium triple-camera system co-engineered with Leica, combining professional-grade photography capabilities with cutting-edge performance technology, the company said in a statement.

Manu Manaswi, Country General Manager of Xiaomi Nepal, said, "Combined with advanced AI capabilities and flagship-level performance, this smartphone will establish new standards in mobile photography and user experience for our customers in Nepal."

Xiaomi 15T showcases a versatile triple-camera system offering professional photography across four focal lengths: a 50MP Leica main camera (23mm), a 50MP Leica telephoto camera with 2x optical zoom (46mm), and a 12MP Leica ultra-wide camera (15mm).

The Leica Summilux optical lens, with its ultra-large aperture, accurately reproduces vibrant colors and captures intricate details even in low-light conditions.

The phone measures just 7.5mm thin and weighs 194 grams and offers a fatigue-free handling for extended use. The smartphone is built to withstand daily challenges with IP68 water and dust resistance certification. It has 8400-Ultra chipset (4nm), 12GB RAM, and 512GB storage, and runs in HyperOS 2 based on Android 15.

The smartphone features a stunning 6.83-inch AMOLED display with 1.5K resolution and a smooth 120Hz refresh rate,while a 32MP front camera handles selfies and video calls. It is equipped with a 5,500 mAh (typ) battery.

Xiaomi 15T is now available in Nepal for Rs. 64,999 (12GB+512GB model). 

  Published in The Rising Nepal daily on 16 October 2025.     

Wednesday, October 15, 2025

Process begins to repatriate Bipin Joshi’s body to Nepal

Kathmandu, Oct. 14

The Embassy of Nepal in Israel has started the process of repatriating the body of Bipin Joshi to Nepal. It is working in close contact and coordination with the relevant authorities there, informed the Ministry of Foreign Affairs (MoFA) Tuesday.

The repatriation process has begun following Israel's National Centre of Forensic Medicine further confirmed that the remains received were of Bipin's.

The MoFA updated in a statement that following the handover of Bipin's body to Israel by Hamas via the Red Cross on Monday, representative from the embassy visited the Centre on Tuesday.

The Embassy has been instructed to coordinate closely with the Israeli authorities and to make all necessary arrangements for repatriation of the dead body.

Earlier on the same day, Israel said that it would make all necessary arrangements for the repatriation of Bipin's remains to Nepal.

In a telephone conversation with Nepal's Foreign Secretary Amrit Bahadur Rai on Tuesday, Israel's Director General of the Ministry of Foreign Affairs Eden Bar Tal said that Israel government would make arrangements to send Joshi's remains to Nepal.

"During the conversation, Bar Tal officially confirmed, with deep regret, the tragic death of Bipin Joshi, a Nepali student, while in captivity of Hamas," the MoFA informed in another statement.

Foreign Secretary Rai expressed sincere appreciation to the government and people of Israel for their continued efforts, up to the last moment, to ensure the safety of hostages.

Both sides expressed hope that the positive developments seen in the first phase of the Middle East Peace Plan would pave the way for successful implementation of subsequent phases, contributing to lasting peace and stability in the region, read the statement.

They also reaffirmed their commitment to working together to further strengthen the friendly relations between Nepal and Israel.

Meanwhile, the Israel Defence Forces (IDF) informed in X that its representatives informed the family of Bipin Joshi and other deceased hostages that their remains have been brought back for cremation.

"Bipin was abducted at the age of 23 from a shelter in Kibbutz Alumim by Hamas. It is assessed that he was murdered in captivity during the first months of the war," said the IDF.

Bipin was taken hostage by the Palestinian extremist group Hamas on 7 October 2023, the day when it killed about 1,200 people including 10 Nepali students who had reached Israel with Bipin. At least 251 people from more than 40 countries were taken hostage.

The MoFA also said that even after Bipin's body has been brought to Nepal, appropriate initiatives will continue to be taken, in cooperation and coordination with the concerned government and stakeholders, to ascertain the true cause and circumstances of his death, to secure justice, and to ensure his family receives the social security, compensation, insurance, and other benefits to which they are entitled.

  Published in The Rising Nepal daily on 15 October 2025.     

Private sector credit remains poor

Kathmandu, Oct. 14

Private sector credit from the Banks and Financial Institutions (BFIs) couldn't improve in the first two months of the current Fiscal Year 2025/26 as it witnessed an increment of just 0.9 per cent.

Credit to the private sector went up by Rs. 49.24 billion and reached Rs. 5,546.94 billion in mid-September, aaccording to the Current Macroeconomic and Financial Situation report based on the statistics of two months of this year (mid-July to mid-September) published by the Nepal Rastra Bank (NRB) on Tuesday. However, on a year-on-year basis, credit to the private sector increased by 7.8 per cent.

In mid-August, such credit was decreased by Rs. 2.93 billion.

"Private sector credit from commercial banks and finance companies increased by 1.0 per cent and 0.8 per cent, respectively, while credit from development banks decreased by 0.1 per cent," said the NRB.

Out of the total outstanding credit, 15.1 per cent is against the collateral of current assets, and 64.3 per cent is against land and building. While the outstanding loans to sectors like construction, manufacturing, consumable sector, transportation and communication increased, trust receipt (import) loan, margin nature loan, cash credit loan, term loan, real estate loan (including residential personal home loan), and hire purchase loan all increased, but overdraft loan decreased by 3.6 per cent.

 

Inflation remains below 2%

Inflation rate remained below 2 per cent in mid-September 2025. The central bank said that the y-o-y consumer price inflation stood at 1.87 per cent in mid-September 2025, which is a decrease compared to 3.86 per cent a year ago.

In mid-August, consumer price inflation stood at 1.68 per cent in mid-August 2025.

Food and beverage inflation decreased by 1.34 per cent, whereas non-food and service inflation stood at 3.70 per cent in the review month. In the same period in the previous year, the price indices of these groups had increased by 5.06 per cent and 3.19 per cent, respectively.

Ghee and oil prices witnessed the highest increase with 11.09 per cent while price of vegetables and spices went down by 12.74 per cent and 6.31 per cent, respectively.

Similarly, in non-food category, education, clothes and footwear, tobacco products and furnishing and household equipment saw inflation of 11.77 per cent, 7.67 per cent, 6.29 per cent, 4.84 per cent and 4.55 per cent, respectively.

The y-o-y consumer price inflation in Nepal remained at 1.87 per cent in mid-September 2025, while in India, it stood at 1.54 per cent in September 2025.

 

Remittances up by 33.1 per cent

Remittance inflows increased by 33.1 per cent to Rs. 352.08 billion in the first two months of this year, compared to an increase of 15.8 per cent in the same period of the previous year. During mid-August to mid-September, remittance inflows stood at Rs. 174.67 billion.

The number of Nepali workers taking first-time approval for foreign employment was 90,198, and those taking approval for renew entry was 45,884. In the same period of the previous year, these numbers were 76,485 and 40,583, respectively.

 

Forex reserves for 19.7 months' import

According to the NRB, gross foreign exchange reserves increased by 7.6 percent to Rs. 2881.35 billion in mid-September 2025 from Rs. 2677.68 billion in previous year. Reserves held by NRB increased by 6.9 per cent to Rs. 2582.38 billion, and reserves held by banks and financial institutions increased by 13.7 per cent to Rs. 298.97 billion.

The foreign exchange reserves of the banking sector are sufficient to cover prospective merchandise imports for 19.7 months, and merchandise and services imports for 16 months.

  Published in The Rising Nepal daily on 15 October 2025.    

Shocking Death

The whole country has been shocked to learn that Bipin Joshi, who was held hostage by Hamas, a Palestinian militant outfit, for more than two years, is no more.  There was a widespread hope that he would return home alive. This optimism was not only fueled by the 'wish' of his family and Nepali people but also by continuous media coverage – including that of The Washington Post and many other news outlets in Nepal and abroad – that he was alive. In Nepal, YouTube channels and social media influencers and journalists were competing to announce and share the news of his being alive, as to international media said, "Bipin's name was included in the list of the final batch of hostages being released on Monday."

But Hamas handed over his body along with three other bodies. Bipin's family, which was resisting any news that would indicate towards the death of the 24-year-old youth, who went to Israel under the government-to-government 'Learn and Earn Programme' in September 2023, is now in great grief at this unexpected loss. In the past two years, the government has implemented various efforts to secure the safe release of Bipin. There were high-level communications between Nepal and Israel, Nepal and Qatar, Nepal and Syria and Nepal and the USA for the same, but those efforts to bring Bipin home alive failed.

Being a Least Developed Country with poor per capita income and a few job opportunities at home, Nepal lacks better options to stop its youth who are flying abroad in search of jobs and better education. A workforce of more than 500,000 enters the market every year, but fewer than 100,000 jobs are created at home. So, the country should have a workable policy for the safety and security of its citizens in a foreign land.

The government should also publish an advisory for Nepalis travelling and working in the country and areas with potential terror attacks and natural disasters, and mandatorily orient them about the dangers and staying safe from them. Risk communication is mandatory, with a priority on pre-travel briefings. The embassies and diplomatic missions in such countries or with jurisdiction over them must maintain a comprehensive list and contact information of Nepali nationals working or residing there. Meetings and information updates should happen periodically.

Nepali citizens must be encouraged to use the pre-travel registration system, and they should be provided with 24/7 emergency hotlines, while the missions should have a team and a plan for evacuation and contingency. Past experiences have shown that Nepal has time and again failed in rescuing its citizens from the disaster or terror-hit areas, such as Iran and other locations in West Asia, with Afghanistan being an exception.

An equally important move that Nepal should adopt is diplomatic neutrality, which it failed in the case of the Russia-Ukraine war and Israel's war against Hamas in Palestine. Nepal exhibited diplomatic activism by supporting Ukraine and Israel, where it should have maintained neutrality or at least learnt from its immediate neighbour, India, which successfully struck a balance among the various global power centres. Likewise, instead of directly communicating with Hamas, Nepal's government thought that it fulfilled its duties by reaching out to Qatar, the negotiator of peace between Israel and Hamas, and other comparatively distant stakeholders. Now, the country should learn a lesson from the tragic killing of Joshi and act to prevent similar incidents in the future. 

  Published in The Rising Nepal daily on 15 October 2025.    

Tuesday, October 14, 2025

Misinformation Fuels Social Unrest

On the first day of the Gen Z protest on 8 September, rumours spread on social media that over 35 skeletons had been discovered at the Bhatbhateni Superstore in Chucchepati, Kathmandu. Later, however, only six bodies were actually recovered.

The next day, another hearsay went the rounds that 32 missing protesters had been found dead inside the Parliament building in New Baneshwor. Although the Nepal Police confirmed these stories were baseless, social media influencers and public figures such as Tanka Dahal, Sujan Dhakal, Shiva Pariyar, Himesh Panta and Bhagya Neupane went on to disseminate false information.

A video of an air hostess claiming that Nepali Prime Minister KP Sharma Oli was spotted fleeing the country to an unknown destination via Dubai on 10 September went viral. She said Oli was being carried in a wheelchair by her colleague under the security of the authorities in Dubai. She even expressed her helplessness for not being able to do anything and urged others to help, calling on Nepalis in Dubai to reach the airport. This video was shared by hundreds of thousands of people on various social media platforms.

The posting of this video coincided with rumours since September 9 that then PM Oli was fleeing the country on the pretext of medical treatment in the wake of the Gen Z uprising in which 19 youths were killed on its first day. Himalaya Airlines – a Chinese and Nepali joint venture – was linked with the rumours. The company stated that its serious attention had been drawn to online reports, citing unnamed sources that PM Oli was preparing to fly on a Himalaya Airlines aircraft for medical treatment abroad.

 

Fake news flies fast

However, online media continued to carry the news, forcing the airline to issue another press note the next day, saying the report was “completely false and misleading.” “Despite yesterday’s press note, we have come across various media channels reporting the news of Mr KP Sharma Oli flown or flying to Dubai on Himalaya Airlines. We would like to reiterate that this news is completely false and misleading. We sincerely request everyone not to believe or disseminate such unverified information,” read the note.

Likewise, another video went viral showing a man – allegedly identified as Nepali Congress general secretary Gagan Thapa – being dragged along and kicked by a mob. Similarly, another featured a man – allegedly the then Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel – running in a river to save himself from protesters, only to be pursued and beaten. Videos purporting to show other leaders, such as Mahesh Basnet, also went viral.

As seen in many countries around the world – with Bangladesh, Sri Lanka and Indonesia being the latest – Nepal’s recent protests provided fertile ground for spreading misinformation and disinformation. Social media sites, especially Facebook, TikTok and X, were flooded with videos containing fake information, while some users deliberately sought to misinform the masses.

With more than three-quarters of the population having smartphones, and most accessing the internet via broadband or GPRS, the impact of social media has risen like never before. Sadly, some of the popular legacy media outlets have stooped to competing with social media, creating another challenge in protecting the essence of journalism, which is under severe threat from the rise of influencers and content creators.

One example is the YouTube channel Tough Talk, operated by Dil Bhushan Pathak, former editor of Kantipur Television. In one presentation, Pathak claimed that Jaybir Deuba, son of Nepali Congress president Sher Bahadur Deuba, had bought the international hotel chain Hilton. He linked the issue to corrupt political leaders, including Deuba and his wife, Arzu Rana Deuba, then Foreign Minister. But most of his presentation was based on assumptions and hearsay. The only fact he substantiated was the denial of a share purchase between the hotel owners and Jaybir.

Clips of Pathak explaining how corrupt money was being channelled into business expansion by politicians’ children went viral. While the issue had already been raised by some YouTube channels, Pathak’s credibility further pushed the misinformation to the masses.

 

Increased access to smartphones,

According to a survey by the National Statistics Office (NSO) in March 2024, about 76 per cent of Nepali households own smartphones, with 4.9 million families having at least one device. This figure is higher than in neighbouring India and Bangladesh, where smartphone use is slightly above 50 per cent.

In Nepal, those aged 25–35 make up over half of all smartphone users. Social media use has also reached a significant milestone, with 50 per cent of the population (about 15 million) using Facebook and YouTube. Both platforms require minimal technical skills and English, making them popular even among the elderly and rural population. Other widely used social media channels include Instagram and X.

The protests and the flood of fake information coincided with Meta – the parent company of Facebook – monetising the application, allowing users to earn from reels. “There are people who unknowingly fall victim to fake information, while others enjoy it knowingly. And influencers are running after the cents, willing to say anything that will bring them more dollars,” said journalist and fact-checker Deepak Adhikari.

Umesh Shrestha, known as Shalokya, a fact-checker and one of Nepal’s first bloggers who still runs mysansar.com, said misinformation was rife in earlier movements, COVID-19 and elections, but this time it was more noticeable. “The monetisation of Facebook motivated more people to make misinformation viral. Since this happened when mass media and journalists’ credibility is dwindling, it inflicted greater damage,” he said.

Shrestha noted that misinformation such as claims that the Nepali Army was preparing a coup, or that Narayanhiti Palace Museum was being cleaned to welcome the dethroned king, preyed on public fears. Other claims, such as 32 bodies found inside Parliament, incited the youth to further violence. Even platforms with small user bases in Nepal, like Telegram, carried false claims.

 

Social media: Source of misinformation

A research report by Ujjwal Acharya and Chetana Kunwar, published in Nepal’s Misinformation Landscape (Centre for Media Research, 2024), found that political and social issues make up almost 75 per cent of misinformation topics in Nepal.

Analysis of 414 fact-checked items showed that 76.17 per cent of misinformation originated from media or social media authors, while politicians accounted for 17.69 per cent. By platform, 56.5 per cent spread via social media, 19 per cent via mainstream media and 17 per cent via online portals. These findings challenge the commonly held notion that the legacy or mainstream media perform fact-checking seriously and that the journalistic process ensures that only accurate information is transmitted. As many scholars and media experts suggest, credibility is probably the best asset that will help the traditional media as well as online news channels amidst the information blizzards created by social media. 

Another report in the same book, based on a survey of 3,448 adolescents conducted by Kunwar and Ujjwal Prajapati over 2023–24, found that 58 per cent admitted sharing unverified information, with 20 per cent doing so frequently. About 68 per cent encountered misinformation on social media, 38 per cent on online news sites, 25 per cent by word of mouth, 19 per cent on television, 13 per cent in newspapers and 10 per cent on radio.

Influencers, particularly celebrities, were the most responsible for spreading misinformation, according to 40 per cent of respondents. About 25 per cent blamed social media users, while others identified journalists, media workers and politicians. The researchers found that 60 per cent had never heard of media and information literacy. This demands an urgent action from the government, academia, civil society and media channels, including the social media operators, to design and implement Media and Information Literacy (MIL) programmes for various categories of masses, from those who are native to the new media and those who migrated to it recently. 

However, there have been only a few efforts to implement MIL programmes, especially by the non-government organisations like the CMR. The institutions like the Ministry of Communication and Information Technology, the Department of Information and Broadcasting, and press registrar offices at the provincial level could have designed and organised such initiatives. But the results are not encouraging. 

Fact-checkers were overwhelmed by the torrent of misinformation during and after the protests. At one point, world-renowned eye surgeon Dr Sanduk Ruit had to call a press conference to deny rumours he was joining a cabinet led by Sushila Karki. By the time fact-checkers complete their verification, the damage is often already done, with fake content spread beyond measure. Worse still, fact-checked corrections are largely ignored, even by educated audiences, said Shrestha.

Fact-checkers argue that media houses must maintain in-house verification teams. Even opinion articles and letters to the editor should be checked so that the historical record is not distorted. Ultimately, however, audiences themselves bear responsibility. With access to verified information from official sources, users can avoid being duped, at the very least by not sharing doubtful content instantly.

Often, people share information in close circles, from where it rapidly spreads outwards. “Do not send or share any information until you understand the whole context. Wait and verify. Even doubt the camerawork, because an alternative angle can change the entire meaning,” said Adhikari. He added that had people simply asked “where is Oli in the video?” they might not have spread the rumour of his escape. 

Shrestha also maintains that users have the first responsibility to check misinformation, though government, media and educators also have crucial roles.

 

How to spot it

The increasingly professional use of AI tools and creators’ expertise is making fake news and deepfakes harder to detect. “As fact-checkers find new ways to identify it, propagators find new ways to improve their content,” said Adhikari. He advised paying attention to landmarks, geography, locality and natural features in videos or photos to verify authenticity, noting that many fake items are actually from other countries but passed off as Nepali events.

Checking and verifying the credibility of the source of information is the basic. Users should look for reputable and trusted sources or media outlets that have a good track record in terms of accuracy. Many media channels that claim to be neutral or non-partisan have their tilt to certain political parties or interest groups, even foreign countries or powers. This is rampant in the case of Nepal; audiences can find all these media in operation. 

Users should avoid instantly reposting information. Instead, they should save and scrutinise it before sharing. Adhikari said many people also fall victim to confirmation bias – liking or sharing information that aligns with their existing beliefs. Comparing the information with other trusted sources, especially with the official documents, data or statements from the related authorities, not clicking the obscure sites, and checking timelines of the event can be instrumental in identifying fake information. 

Likewise, fake information mostly uses sensational, emotional or indecent language while legitimate sources of information use a moderate tone and show a balanced attitude. There are high chances that highly viral information was verified by the fact-checkers, so one can visit their sites – such as nepalfactcheck.org, factcheck.org, and politifact.com. 

  Published in The Rising Nepal daily's Friday Supplement on 10 October 2025.    

PM Karki tells envoys to disseminate true information about political change at home

Kathmandu, Oct. 8

Prime Minister Sushila Karki has directed Nepal’s ambassadors and heads of missions abroad to prioritise five key areas to navigate the nation's political transition and address the fallout from recent Gen Z unrest.

In her address to them on Wednesday, she laid out her immediate strategic mandate, focusing on the recent political shift, upcoming general election, managing fund for reconstruction, revitalising tourism and investment and enhancing citizen services.

Stating that Nepal is currently at a critical political juncture and the role to be played by the Ministry of Foreign Affairs (MoFA) and its subordinate bodies is significant, PM Karki said that it is essential to inform all stakeholders, including government bodies in the countries where the diplomats and representatives are resident and concurrently accredited, about the immense scale of the recent movement in Nepal, the public's desire for change, and the priorities of the interim government.

She stressed the importance of holding the upcoming General Election on 5 March 2026. "The bedrock of democracy is a free, fair, and fear-free election, and the current government is resolute and committed to this principle. Should we require specific technical or other assistance from a friendly nation, we will notify you separately and swiftly," said PM Karki.

Meanwhile, the Election Commission has begun preparations for international election observation, in line with international practice. PM Karki said that the missions will need to maintain contact and coordinate with the relevant parties on these issues. "We are also working on allowing Nepali citizens temporarily abroad to vote in the election and are seeking information and suggestions on how to best facilitate their participation," she said.

Likewise, PM Karki directed the Nepali missions abroad to actively disseminate the information about the need of support for the infrastructure damaged during the movement and make sure that the support is provided to the Physical Infrastructure Reconstruction Fund established by the government to support relief, reconstruction, and economic revival.

According to her, the purpose of operating this official fund is to ensure the correct, transparent, and proper utilisation of resources, preventing parallel, non-transparent fundraising and potential misuse.

Similarly, the recent movement has negatively impacted Nepal's tourism sector. Hotel bookings, which should be around 70 per cent of capacity during the high season month of October, have currently dropped to around 30 per cent. In this regard, it is essential to inform all concerned parties that the situation in Nepal has returned to normal and that economic activities, including tourism, trade, and investment, have resumed their previous momentum, stated PM Karki.

On the occasion, she demanded the Nepali envoys and representatives abroad to enhance  service delivery to the migrant workers and to safeguard their dignity, honour and rights.

"Millions of Nepali citizens are currently abroad for work. As the flow of people going abroad increases, so does the volume of work related to Nepalis overseas," she said.

“Following the movement, there are elevated public expectations for efficient, impartial, transparent, accountable, unbiased, technology-friendly, and effective service delivery and performance. We cannot shirk our public and legal responsibilities,” maintained PM Karki.

She informed that the MoFA and its departments are actively working on problems arising from the misuse of visit visas and matters requiring coordination with other bodies. "While challenges certainly exist, new opportunities have also emerged for a country like Nepal. Therefore, it is essential that we conduct even more effective diplomacy and demonstrate greater proactivity, keeping the national interest at the forefront," she said.

PM Karki also said that the country must further strengthen its cooperative ties with friendly nations and enhance collaboration with multilateral and regional organisations for the smooth transition to the developing nation from the Least Developed Country in 2026 and achieve the Sustainable Development Goals (SDGs) by 2030.

She stressed on mutually beneficial cooperation, sustainable investment, and shared prosperity.

Stating that the foremost priority of this government is the election, PM Karki expressed her commitment to establishing the highest standards of good governance in the country. "It is with this commitment that I expect all of you to carry out your duties. Any behaviour that compromises your duty and integrity will not be tolerated," she warned.

The demands of the Gen Z youth relate to the political, economic, and overall governance structure and are often far-reaching in nature, she informed.  

  Published in The Rising Nepal daily on 9 October 2025.    

Hamas-abducted Bipin Joshi confirmed dead

Kathmandu, Oct. 13

The last hopes of welcoming Bipin Joshi home have been dashed with the Palestinian armed group Hamas confirming his death while in hostage.

"Hamas releases the names of four dead hostages whose bodies the terror group is expected to transfer to the Red Cross today. The hostages are Guy Illouz, Yossi Sharabi, Bipin Joshi, and Daniel Perez," The Times of Israel reported on Monday evening.

However, the statement does not specify when the transfer will take place.

Bipin from Kanchanpur in Nepal was in Israel to participate in Israel's 'Learn and Earn Programme' and was held captive by the Palestinian armed outfit Hamas – listed as a terrorist organisation in several Western countries as well as in Japan and Australia – since October 7, 2023. 

He was abducted in less than a month after he reached Israel under the government-to-government programme at the age of 24.

He was among the 49 students who reached in Israel in September 2023 (Bhadra 2080) after completing their final-year examinations at the Tikapur Agriculture Campus under Far Western University.

Ten Nepali students lost their lives during the attack on 7 October that year while Bipin was held hostage along with around 251 people including foreign nationals from more than 40 countries such as Thailand, the USA, the United Kingdom, France and Argentina. About 1,200 were killed on the spot in the terrorist attack.

According to media reports, a total of 168 people were released alive while 83 were killed or died in captivity.

"It had been expected that Bipin would be included in the list of hostages to be released," the Ministry of Foreign Affairs (MoFA) said in a statement issued on Monday evening.

According to the MoFA, at 10:15 AM Nepali local time on Monday, the Israel Defence Forces (IDF) organised a virtual meeting with the Ambassador of Nepal to Israel Dhan Prasad Pandit, Bipin's brother, mother, and sister, as well as officials from the Israeli Ministry of Foreign Affairs and the Prime Minister’s Office.

During the meeting, it was informed that Bipin's name was not included among those hostages to be released and that his current condition remained unknown.

The Nepali Embassy in Israel said that the government there confirmed the death of Bipin.

Under the first phase of the proposed Middle East Peace Plan, proposed by the United States of America and aimed at ending the conflict between Israel and Hamas that began on 7 October 2023, an exchange of hostages took place.

But Bipin was not in any of the lists of people released in a phase-wise manner. He was seen in a video after a month in November 17, 2023 at the Al Shifa Hospital in Gaza.

In its statement, the MoFA said that the Government of Nepal has made every possible effort at various levels over the past two years to secure his safe release. It also said that continued updates on this matter until the process of handing over the dead bodies of the hostages held by Hamas and transferring the bodies of deceased captives is fully completed.

The news came like a disaster to Bipin's family and also to Nepali people and well-wishers abroad, whose hopes to see him alive were further heightened by international and national media reports that he was included in the final list of hostages being released.

Initially published by a few Western media, including The Washington Post, the news was prominently published and circulated by Nepali media, YouTube channels and social media influencers.

Bipin's family complained that they have been distressed by the spread of various unverified reports and rumours circulating on social media and in the press.

Bipin's family – mother Padma, father Mahananda, cousin Kishor and sister Pushpa – had put their utmost efforts to obtain the whereabouts of Bipin and secure his release from the captivity.

Pushpa travelled to Israel and the USA to meet Nepali officials, and Israel's ambassador. In August this year, Pushpa and her mother travelled to Israel to lobby for Bipin’s release.

The Government of Nepal had initiated multiple efforts to secure Bipin's release. Foreign ministers talked with Qatar's minister who was chief negotiator in peace talks with Hamas. The MoFA had also support of Egypt, another country involved in similar ceasefire negotiations with Hamas, in facilitating the release.

Likewise, multiple meeting with Israel's ambassador to Nepal, Shmulik Arie Bass whiel former Foreign Ministers Dr. Arzu Rana Deuba and NP Saud talked to their Israeli counterpart. Nepal's prime ministers raised the issue at the international forums while President Ramchandra Paudel wrote to King Abdullah II of Jordan in August this year requesting his support in identifying Bipin Joshi’s condition, ensuring his safe release, and facilitating his return to Nepal. 

  Published in The Rising Nepal daily on 14 October 2025.    

Brokers Association urges investors to maintain morale

Kathmandu, Oct. 13

The Stock Brokers Association of Nepal (SBAN) has said that the future of Nepal’s capital market is sustainable and bright, and urged the investors to trade with patience and high morale. Expressing concern that investor confidence has been declining amid recent uncertainty, the association called on investors to engage in share trading with renewed confidence in the coming days.

SBAN's President Sagar Dhakal said that although the NEPSE index has dropped to its lowest point, the government and other concerned authorities have been making every possible effort to reform and develop the capital market.

"I appeal investors to trade with optimism in line with these efforts. Following the formation of the new government, a Capital Market Reform Recommendation Committee was established to propose necessary measures for improving the capital market. The government has instructed that these recommendations be implemented immediately," he said.

Accordingly, the Nepal Rastra Bank has already begun the required implementations, and the Securities Board of Nepal has also advanced its activities. “The Board and other relevant institutions have already initiated the necessary reforms demanded by investors, while the SBAN has continuously been reminding concerned authorities to carry out long-term reforms for the development of the capital market,” said Dhakal.

He added that despite damage caused by recent protests to public property and private businesses, various indicators of the national economy — including bank interest rates, foreign exchange reserves, inflation rates, and financial liquidity — are improving,

This leaves no alternative but for the share market to recover, said Dhakal.

He further stated that although the capital market was affected by the protests organised by youth groups (Gen-Z) on 9–10 October and the resulting political instability, the interim government has been working to maintain law and order and has formulated and implemented short-, medium-, and long-term policies aimed at ensuring economic stability and sustainable development. 

  Published in The Rising Nepal daily on 14 October 2025.    

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