Insurers unable to meet big insurance claims, seek support from reinsurers

Kathmandu, Sept. 14

Non-life insurance companies have expressed their inability to immediately settle large insurance claims arising from physical and other damages caused during the recent protests.

According to the insurers, they can promptly pay out small claims, but in the case of larger claims, reinsurers will need to provide advance payments in order to facilitate liquidity management.

At a discussion organised by the Nepal Insurance Authority (NIA) on Sunday regarding the impact of physical and other damages on the insurance sector during the protests, chief executive officers of non-life and reinsurance companies have said that they will not be in a position to settle the large claims immediately.

While the damage assessment work is underway, the damage to the property and business is estimated at hundreds of billions of rupees. Tourism sector alone has witnessed a loss of about Rs. 25 billion, according to the industry experts.

Hundreds of government structures including federal and provincial ministries, parliaments, local bodies and ward offices, houses of leaders, hotels, cable cars, business complexes and supermarkets were vandalised and torched. Hundreds of government-owned and private vehicles were vandalised and torched.

There are 14 non-life insurance and two reinsurance companies and 1,249 surveyors in Nepal.

According to a statement of the NIA, the CEOs said survey reports could not be obtained in cases where physical property was completely destroyed during the protests due to exceptional circumstances.

Since ward offices and police stations have also been damaged, it has become difficult to obtain official recommendations, so the insurers have demanded that claim settlements be arranged on the basis of minimal documentation.

Similarly, CEOs of reinsurance companies stressed that data must be reliable when insurers make reinsurance proposals. They assured their readiness to provide necessary support in matter of claim settlements.

Meanwhile, the authority is introducing simplified procedures for claim settlements in cases of losses caused by non-natural disasters. It has therefore requested CEOs of insurers and reinsurers to provide feedback and suggestions within three days.

Sushil Dev Subedi, Executive Director of the NIA, directed insurers to ensure that the public remains confident that insurance claims are payable once insurance is purchased. He instructed the companies to appoint focal persons for data collection and to facilitate claim settlements, and to make this information publicly available.

He further instructed insurers to promptly inform policyholders if they become aware of damages to insured property or assets, and to take initiatives to advance the claim settlement process accordingly.

In another discussion, the Insurance Surveyors’ Association called for arrangements to submit survey reports on the basis of minimal documentation, taking into account the current difficult situation, and demanded that surveyors be given easy access to damaged sites.

They also stressed that survey work should be allocated proportionately and that surveyors should be made more accountable.

In response, Executive Director Subedi clarified that surveyors can continue to work effectively even under current circumstances based on the licences they have obtained.

 Published in The Rising Nepal daily on 15 September 2025.   

China, United States congratulate PM Karki

Kathmandu, Sept. 14

China and the United States of America have congratulated Prime Minister Sushila Karki.

In a statement, the Embassy of the USA in Kathmandu said that the USA looks forward to working with the interim government in the months ahead as it prepares for new elections.

"We welcome the restoration of calm and a peaceful resolution following last week’s tragic events. We commend President Ramchandra Paudel and youth leaders for their commitment to a democratic solution, even as we continue to mourn with Nepal over its losses," read the statement.

The USA also said that it recognises the Nepali Army and Chief of Army Staff General Ashok Raj Sigdel for their vital role in restoring order and facilitating a peaceful transition of civilian government.

Likewise, China congratulated PM Karki on becoming the Prime Minister of Nepal's interim government

Spokesperson of the Chinese Foreign Ministry said on Sunday that China respects the development path chosen independently by the people of Nepal.

"China stands ready to work with Nepal to promote the Five Principles of Peaceful Coexistence, enhance exchanges and cooperation in various fields, and further advance bilateral relations," said the spokesperson. 

 Published in The Rising Nepal daily on 15 September 2025.   

Neighbouring countries, UK and UN welcome Karki’s appointment

Kathmandu, Sept. 13

Neighbouring countries India, Bangladesh and Pakistan, and the United Kingdom, and the United Nations have welcomed the appointment of Sushila Karki as the Prime Minister of Nepal’s Interim Government, expressing hope that her leadership will bring stability and progress to the country.

Indian Prime Minister Narendra Modi was swift to acknowledge the formation of the new government. Immediately after the announcement of the new PM on Friday evening, he affirmed that New Delhi remains committed to Nepal’s peace, progress and prosperity.

India’s Ministry of External Affairs followed with a statement stating that the formation of the interim government was a positive step towards strengthening peace and stability. The statement added that India would continue close cooperation with Nepal as a neighbour, trusted partner and long-term development ally.

Likewise, the United Kingdom also issued a message on Friday evening, saying that it looked forward to working with Nepal’s new leadership on common priorities. According to the statement issued by the British Embassy in Kathmandu, the appointment of Karki – former Chief Justice – is an important step after last week's events, including the heartbreaking loss of life, injuries and damage to property.

"As Nepal's oldest friend, we recognise the challenges ahead and affirm our commitment to supporting Nepali aspirations for accountability and inclusive governance," read the statement.

The United Nations in Nepal echoed similar sentiments, underscoring the importance of a stable transition that ensures peace, development and democratic governance.

UN Resident Coordinator in Nepal, Hanaa Singer Hamdy, in a statement, congratulated the newly appointed PM and people of the country and affirmed support to peace, justice, transparency, accountability and progress.

The UN also recognised the contributions of President Ramchandra Paudel, Chief of Nepali Army General Ashok Raj Sigdel, Gen Z youth leaders for making the transition possible.

Similarly, Chief Advisor to the Bangladesh's interim government, Dr. Mohammad Yunus expressed confidence that under the leadership and guidance of Karki, Nepal and its resilient people will continue to progress on the path of peace, development and stability.

He noted that Nepal and Bangladesh share historical ties and complementary economic interests, particularly in trade, connectivity and energy exchange, and expressed confidence that the interim administration would continue to build on those areas.

Pakistani Prime Minister Shahbaz Sharif, in a tweet, congratulated PM Karki and wished for a peaceful and prosperous future to people of Nepal. "I look forward to working with her to further strengthen Pakistan-Nepal relations," he said.

Earlier, on Friday, the envoys of United States and China to Nepal attended PM Karki's sworn-in ceremony. 

 Published in The Rising Nepal daily on 14 September 2025.   

NBI wishes successful tenure for interim government

 Kathmandu, Sept. 13

National Business Initiative (NBI) wished for a successful and historic tenure of the interim government led by Sushila Karki. It said that it is ready to cooperate for the country’s prosperity.

“Amidst the current political changes and social movements, the private sector is committed to working with the government to promote economic stability, create employment, and encourage entrepreneurship,” it said in a statement.

It also expressed optimism that collective efforts will lead the country towards prosperity and social harmony.

According to it, the recent youth movement has brought to light the country's democratic consciousness, youth participation, and expectations for social justice.

“We believe that the newly formed cabinet will listen to the voice of the people, address the aspirations of the youth, ensure an end to corruption and promote good governance, create an environment that fosters inclusive and sustainable economic development, and successfully conclude the upcoming parliamentary elections,” read the statement. 

 Published in The Rising Nepal daily on 14 September 2025.   

NRB Governor Paudel meets businesspersons

Kathmandu, Sept. 12

 Governor of Nepal Rastra Bank (NRB), Dr. Bishwa Nath Poudel, held discussions with the private sector on Friday to devise future course for the business and economy.  

In order to gather suggestions on how to revive the economic activities disrupted during the protests, Governor Poudel held separate meetings with the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Confederation of Nepalese Industries (CNI), Nepal Chamber of Commerce (NCC), and umbrella organisations of banks and financial institutions.

Participants of the meetings said the discussions focused on how to resume economic activities through restructuring and reconstruction of the damage caused during the demonstrations.

They said that the governor expressed concerns about the financial facilitation to the businesses bearing damages during the protests and minimising the risk factors.

 Published in The Rising Nepal daily on 13 September 2025.   

Ghar Nirman to volunteer in rebuilding

 Kathmandu, Sept. 12

Ghar Nirman Foundation has announced a nationwide campaign to repair and rebuild damaged structures. Partnering with Skill Sewa Pvt. Ltd., the Foundation aims to mobilise skilled workers and resources as volunteers to restore essential public facilities to full operation.

“This is not just about repairs – it is about rebuilding the nation,” said directors Mahesh Timilsina, Satakshi Mishra and Prashant Pradhan, who are jointly leading the initiative. “We will deploy our full expertise and manpower to ensure hospitals, police stations, government offices and NGOs are brought back into service as quickly as possible.”

In a statement, the Foundation pledged comprehensive restoration services, ranging from electrical and plumbing repairs to security systems, carpentry, furniture and structural renovation. “We have the skilled workforce for every aspect of this work. Our mission is to serve the nation by applying our experience and manpower where it is needed most,” said the company.

Hospitals, police posts and government offices suffered structural losses during the recent protests led by GenZ, leaving daily life for many citizens affected. Authorities have warned that delays in restoring these facilities could obstruct critical public services nationwide, read the statement.

Appealing directly to government institutions, the Foundation urged relevant to tell their need to the company. “Our team is ready to carry out assessments and repairs without delay,” it said.

The directors stressed the symbolic importance of the damaged structures. “These buildings are not just bricks and mortar. They represent public service, people’s trust and the nation’s hope. Their restoration is our duty.”

The campaign will prioritise rapid assessment, repair and renovation to ensure there is no disruption to health, security and administrative services.

Published in The Rising Nepal daily on 13 September 2025.   

Attacks on businesses cripple economy, jobs at risk

Kathmandu, Sept. 11

Thirty-four individuals, mainly youth, were killed in the two-day demonstrations against corruption, nepotism and recent social media ban called by the GenZ Alliance.

And, country's economy received a major blow that might take years to recover.

Twenty-one of the 28 outlets of the Bhat Bhateni Super Market were damaged during the second day of demonstrations.

Twelve super stores of Bhat Bhateni were torched and nine were vandalised and looted in the second day of the demonstration. All the goods and cash stored at the 12 stores have been turned into ashes while the buildings have also been severely damaged with less possibility to reuse the facility, according to the company. Bhat Bhateni's stores in the Kathmandu Valley, Dharan, Biratnagar, Birtamod and Damak were torched to ashes.

Bhat Bhateni's annual transaction last year was around Rs. 35 billion. The irreparable damage inflicted on the company has impacted more than 22,000 jobs across the country.

Property of international hotel chain Hilton in Kathmandu was torched and vandalised. Automobile showrooms in Thapathali, one of the auto-hubs in the Valley, were vandalised and torched where CG Motors, Sipradi Trading, Laxmi Intercontinental and other companies' outlets were attacked and damaged.

Houses of businessman and lawmaker Binod Chaudhary, founding president of the Non-Resident Nepali Association Dr. Upendra Mahato, chairman of BLC Global Holdings that operates Norvic Hospital, Basanta Chaudhary, and chairman of Golchha Organisation and former President of the Federation of Nepalese Chambers of Commerce and Industry Shekhar Golchha were vandalised. Residence of central bank Governor Dr. Bishwo Poudel and many other high-profiles were also not spared.

Likewise, facilities at Chandragiri and Maulakali Cable Car and head office of Ncell were vandalised while corporate office of Simrik Air and Annapurna Post daily was torched. Chandragiri Hills is a public limited company. As the demostrators set fire to the office of Kantipur Publication at Central Business Park in Thapathali data centre of Vianet Communications Limited was damaged. Office of Kantipur was completely damaged while the data centre is damaged as a result the company has been unable to provide internet facility to its customers.

Since Vianet was also supplying bandwidth to other Internet Service Providers, internet has been slow across the country since then. Meanwhile, the company indicated towards the possibility of resuming its services by Thursday night after completing the maintenance.

A few branches of commercial banks were vandalised and cash was looted.

 

Call for investment protection

Business community is under a threat and they hesitate to speak up with the media while many are in 'wait and see' situation.

"This is terrible. Let alone the property, many of my fellow businesspeople were worried to death about the safety of their family and kins," one leader from private sector business association told The Rising Nepal.

The National Business Initiative (NBI) has strongly condemned the vandalism and arson that occurred against important physical structures and private sector properties during the protests.

In a statement published on Thursday, NBI said such activities are certain to have a profound impact on the nation's economy, and it could take a long time to return to a normal state.

Expressing condolences to the families of those who lost their lives during the protests, wishing a speedy recovery for the injured, it said, "We urge the relevant authorities to ensure fair compensation for the loss of life and property in the private sector."

According to NBI, for decades, the private sector has borne the brunt of protest movements, and this trend appears to be discouraging to the private sector. If the private sector does not feel secure, there will undoubtedly be a decline in productivity and employment, leading to long-term negative consequences for the economy.

Business associations including the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Nepal Chamber of Commerce, Confederation of Nepalese Industries, and Federation of Contractors Association of Nepal have urged to maintain environment for doing business and investment.

Nepal Chamber of Industries and Commerce, Kathmandu (NCICK) demanded sensitivity to the guarantee of the right to independent profession and enterprise, a corruption-free system, as well as the promotion and protection of investment and employment.

Calling upon all stakeholders to remain sensitive to the demands raised by the younger generation and to unite in building a prosperous society through the creation of a suitable environment for peace and security in the country, it said that there should be easy access for citizens to public services.

Meanwhile, the FNCCI has asked its district and municipal chambers to send the details of the damage inflicted on businesses.

"Currently, we are in the process to collect the data. However, the FNCCI has asked its members to facilitate in the transportation of food and other essential goods," said Gokarna Raj Awasthi, Director General of the business body.

 

Banks open, share market remains shut

Banking and insurance services resumed from Thursday.

The Nepali Army lifted restrictions for the employees working in various government offices, banks, financial institutions, and public organisations – from Thursday – to travel to and from their workplaces showing their identity cards. Likewise, passengers of domestic and international flights were also allowed to travel to and from the airport by showing their flight tickets.

Following it, the Nepal Rastra Bank also directed the banks and financial institutions to run the services including the remittance with limited staff for the operation of critical services.

"Due to the need to improve digital payment services and mitigate high-risk situations, all institutions are advised to make arrangements for employees to work from home via a remote access system," said the NRB in its notice.

However, staff of some banks couldn't reach their offices as the security personnel returned them home while they were on the way stating that the restrictions were lifted for critical health and communication services not the BFIs. The BFIs are allowed to open till 2:00 in the afternoon.

Likewise, the stock exchange remained closed for Thursday as well. Earlier, Nepal Stock Exchange Limited published a notice to inform that it would remain closed for two days from Wednesday. If situation improved, it will open from Sunday.

The Tribhuvan University has suspended all of its academic activities before the great festival of Dashain. In a notice published on Thursday, the TU said that the classes will resume from October 28.

Due to the prevailing abnormal situation in the country, it has been decided to suspend all academic activities before Dashain – these days will be deducted from the upcoming winter holidays, read the notice. 

Published in The Rising Nepal daily on 12 September 2025.   

NBI condemns vandalism and arson on businesses

 Kathmandu, Sept. 11

The National Business Initiative (NBI) has strongly condemned the vandalism and arson that occurred against important physical structures and private sector properties during the protests.

In a statement published on Thursday, NBI said such activities are certain to have a profound impact on the nation's economy, and it could take a long time to return to a normal state.

Expressing condolences to the families of those who lost their lives during the protests, wishing a speedy recovery for the injured, it said, "We urge the relevant authorities to ensure fair compensation for the loss of life and property in the private sector."

According to NBI, for decades, the private sector has borne the brunt of protest movements, and this trend appears to be discouraging to the private sector. If the private sector does not feel secure, there will undoubtedly be a decline in productivity and employment, leading to long-term negative consequences for the economy. "In such a situation, it will be difficult to attract both domestic and foreign investment," said NBI adding that the path forward must be based on a zero-tolerance approach to corruption.

Published in The Rising Nepal daily on 12 September 2025.   

When giving is enough

Book: Diye Pugchha (A motivational book) by Rohit Bhandari. Published by Jaykali Prakashan Griha Pvt. Ltd. Page: 176. Price: Rs. 450. ISBN: 978-9937-1-8226-3

 

What we observe in our society is often a relentless pursuit of wealth and personal success, sometimes even at the expense of the well-being and achievements of others. As society appears to be drifting towards a state of detached individualism, genuine human connection has frequently been overshadowed by self-interest and corruption. Sadly, this trend has also affected Nepali society, which is renowned for its close-knit communities and deeply ingrained values of compassion and hospitality.

Faced with a struggling economy and escalating living costs, people are finding it increasingly difficult to cope. In their struggle for survival, cherished bonds of social unity are gradually weakening under the pressure of material desires and a 'me first' mentality. A sense of pessimism is prevalent, particularly among the youth who, disillusioned by corruption, unemployment, and inequality, are losing faith in the possibility of collective progress.

Yet, even amidst this growing gloom, there are inspiring glimmers of hope – ordinary individuals undertaking extraordinary acts, with some demonstrating such profound dedication to society and their fellow citizens that it is truly remarkable. Though perhaps few in number, we encounter social pioneers and remarkably selfless individuals who are choosing compassion over convenience and service over self-interest. They are rekindling hope for humanity and a better society around us. At least, all is not lost.

Journalist and author Rohit Bhandari has documented the stories of several such heroes in his book, 'Diye Pugchha' (It's Enough to Give). The life stories recounted in this book serve as powerful testaments to the fact that one does not need immense wealth to make a significant difference; what is truly essential is a heart 'big enough' to give. Moreover, the act of giving extends far beyond monetary donations. For instance, Simal Rai, a taxi driver, and Chandra Bahadur Kshetri, a bus conductor, both returned jewellery worth hundreds of thousands of Nepalese rupees to unknown passengers.

Bhandari has artfully created a collection by interweaving the distinct narratives of individuals from Nepali society. Astonishingly, these individuals were not born into privilege. Instead, they were people who persevered through hardship, experienced life's lowest points, rediscovered their motivation and strength to serve others, and channelled their resources and efforts to benefit those in desperate need.

The book opens with the poignant story of Bishnu and Laxmi Gautam, who tragically lost their two sons in separate accidents, both in Nepal and abroad. Despite their own profound grief, they resolved to serve others in need, establishing a school in Chitwan, constructing homes for those affected by the earthquake in Sipaghat, and conducting adult education programmes in various locations. The school they supported in Kanda, Chitwan, now boasts excellent hostel facilities as well.

Another compelling individual featured in the book is Binaya Jung Basnet from Lalitpur, who has performed the last rites for over 6,000 unclaimed deceased individuals. Once struggling with alcoholism and having lost all hope, Basnet has now found purpose in his life and leads a fulfilling existence with his wife and daughter, who frequently pays her respects to the unclaimed bodies for whom her father performed the final rituals.

Similarly, Shree Neha Pokhrel dedicates her life to caring for individuals with mental challenges. While this responsibility typically falls upon the families of the individuals or the state, this young woman has found profound fulfilment in serving those who, in many cases, barely recognise her. Shree Neha began her charitable work while still a student in class 10.

The story of Til Bahadur is deeply moving. He ran away from home at a young age simply because his feet were turned inwards, and he found no acceptance among his peers in his village and school. He quietly climbed onto the roof of a bus from Jhapa and hid there until it reached Kathmandu. Later in life, Til Bahadur established a home for children who had lost their families in disasters and accidents.

Likewise, Durganath Dahal's dedication to sick animals and people in need, Nirmala Poudel's support for individuals living with HIV, Sabita's school for children with autism, and Dayaram Sir's commitment to teaching visually impaired and non-verbal individuals are other highly inspiring stories. All these narratives deeply resonate with the readers. What makes this collection particularly powerful is that each story begins with heartbreaking circumstances and culminates in acts of selfless service that are sure to bring a smile to your face. In many instances, the author also shares his personal experiences of meeting these individuals and learning about their struggles and triumphs.

The book itself begins with a deeply personal and affecting account from the author. In this introductory chapter, Bhandari recounts a devastating fire that his sister barely survived and his mother's battle with cancer, which ultimately claimed her life. These traumatic events left him deeply disturbed for an extended period, hindering the completion of the book for several years. Finally, after a decade, he was able to bring it to its conclusion.

This book is undoubtedly worth reading and owning. The writing style reflects the author's background in journalism, employing a clear and direct reporting approach. It has the power to rekindle hope in your hearts and will certainly force you to rethink about your thinking about the humankind and society. If it nudges you to take a small step to the direction the book intends to, it would be service to you and the society at the same time.

Nepal's socio-economic challenges are significant and pressing. However, if the spirit of humanity can still manifest itself through acts of service, then hope remains. We must not allow the clamour of greed to drown out the quiet voices of compassion. Now, more than ever, we need to recognise, support, and draw inspiration from those who serve, not for personal gain, but for the well-being of others. In their actions lies the true strength of a nation – and this is the ultimate message of the book.

 

Published in The Rising Nepal daily on 10 September 2025.   

Analysts call for extreme caution to restore normalcy

 Kathmandu, Sept. 9

With the fall of KP Sharma Oli-led government formed with the CPN-UML and Nepali Congress alliance following a nationwide protest put forth by 'GenZ' on Monday and Tuesday, a political void has been created amidst all institutions – with an exception of Nepali Army and a couple of other agencies – losing political legitimacy.

Meanwhile, governments at the provincial level have fallen and some local levels are facing extreme situations due to arson and vandalising by the protestors. Social media posts of many, including political analysts, expressed concerns to the fragile political situation, lost public trust in the state institutions and lack of decisive leadership in the part of the demonstrators. They asked a question, what next?

Since the prevailing Constitution of Nepal doesn't imaging the situation like this, it demands out of the book and innovative solutions that are accepted by the demonstrators and the society at large.

"Our constitution didn't imagine the situation whereby the prime minister resigned and the gap created subsequently. Now, the responsibility comes upon the president to find a way," said Krishna Khanal, a professor and political analyst.

He suggested that President Ramchandra Paudel, in consultation with the parties of the current struggle, should find a person to form an interim government to define the future political course of the country.

According to Prof. Khanal, primary concern of the institutions that have responsibility and public trust should address the demands raised from the ground. He denied the possibility of appointing any person from the existing political parties as the leader of the new government. "Now the country has a challenge to find a way that would address the demand of the people and wouldn't much disturb the constitutional provisions," he said while adding that such a way could be similar with the one the country adopted while extending the tenure of the Constitutional Assembly when it failed to formulate the constitution and dissolved in May 2012.

"We should apply extreme caution to maintain the political order," said Prof. Khanal.

While the constitution is not clear about the situation that erupted since Tuesday and there are no institution of political legitimacy in the country, many have rested their hopes with the Nepali Army.

 

Responsibility of Army and President

Political analyst Dr. Chandra Dev Bhatta said that the country shouldn't delay in forming a transitional government that would include civil society members and representatives of the youth protestors. Nepali Army and the President should take initiative for it, according to him.

"The immediate need of the country is a well-functioning government that would protect lives and public and private property. Since the legitimacy of existing political parties is over for now, credible institutions and persons should be brought onboard," said Dr. Bhatta.

It is likely that the country would be on the path of the Bangladesh – the protests, fall of the government and formation of a government in a leadership of socially trusted person that would include civil society members as well as the youth protestors.

Since the demonstrators have demanded their participation in the government, the government is likely to have their representative(s). However, since the leadership of the protests in Nepal – unlike Bangladesh - is not clear, the process might see some glitches.

Likewise, former ambassador Madhu Raman Acharya wrote on X that it would be appropriate for the President to assume authority until an alternative arrangement is made.

"With the Prime Minister having already resigned, it would be appropriate for the President to assume authority until an alternative arrangement is in place and to initiate a new process for the formation of a government in consultation with the protesters, the parties both inside and outside Parliament, as well as civil society," he said.

Meanwhile, the President Paudel in a statement on Tuesday evening appealed to all parties for dialogue. "Since the demands of the citizens in a democracy can be resolved through dialogue and negotiation with their representatives, I appeal to all parties to exercise restraint, not harm the country, and come to the negotiating table," reads a statement from the Office of the President.

 

'Final phase of success'

Later in the evening on Tuesday, the GenZ Alliance declared the protest to be in its 'final phase of success'.

In a statement circulated in the name of the Alliance, they demanded the formation of an interim government by dissolving the federal and provincial governments and hold a national GenZ National Conference.

They also called for a judicial commission to investigate all incidents of state oppression during the movement.

"A judicial commission will be formed to investigate all incidents of state oppression that occurred during the movement. Fundamental structures of the Nepal Constitution will be protected and progressive revisions would be made," said the GenZ Alliance while adding that during this process, they would be active in the reconstruction and production works.

A high-level commission will be formed to investigate and take legal action against former Prime Minister KP Sharma Oli, all party leaders, and all individuals who publicly supported them, read the statement.

The Nepali Army in its statement said that it is committed to protect the lives and proporty of Nepali citizens. As the protestors vandalized and torched the public properties including the Supreme Court, Singha Durbar, office of the Commission for the Investigation of Abuse of Authority, ministries, offices of the provincial and local governments and other agencies, public posts on social media condemned such activities.

Many historic monuments, buildings and artifacts have been turned into ashes, as a result. The GenZ Alliance through its statement has urged its supporters to refrain from vandalising the public property and return to safe locations. 

Published in The Rising Nepal daily on 10 September 2025.   

India urges for peaceful dialogues

Kathmandu, Sept. 9

The Government of India has expressed its hope that the stakeholders of the movement led by GenZ in Nepal will address the issues through peaceful means and dialogues.

Issuing a statement on 'recent developments in Nepal' on Tuesday, the Ministry of External Affairs (MEA) said, "As a close friend and neighbour, we hope that all concerned will exercise restraint and address issues through peaceful means and dialogue."

According to the statement, the GoI has been closely monitoring the developments taking place in Nepal since yesterday and is deeply saddened by the loss of many young lives. "Our thoughts and prayers are with the families of the deceased. We also wish a speedy recovery to those who have been injured," it said.

Noting the curfew imposed by the authorities in Kathmandu and several other cities of Nepal, the MEA advised the Indian nationals residing in Nepal to remain cautious and to follow the measures and instructions issued by the Nepali authorities.

Earlier, issuing a joint statement, the embassies of Australia, Finland France, Germany, Japan, the Republic of Korea, Norway, the United Kingdom, and the United States of America in Nepal urged all parties to exercise maximum restraint, avoid further escalation, and ensure that these fundamental rights are protected.

"Our governments reaffirm their strong support for the universal rights of peaceful assembly and freedom of expression," they said while expressing condolences to the families of the victims of the violence and all those affected.

Likewise, United Nations Resident Coordinator in Nepal Hanaa Singer-Hamdy also urged in tweet on Monday to exercise maximum restraint and caution ensuring that citizens can safely and peacefully exercise their democratic rights.

Similarly, Transparency International in Nepal said in a statement that instead of providing a peaceful resolution and taking concrete steps to control the corruption that has reached an extreme level and to take action against the corrupt, the use of state power to suppress the voices of the youth has led to the tragic loss of more than a dozen young lives.

"This has created a deeply painful situation. Transparency International Nepal urges the Government of Nepal to take legal action against those responsible and to act with utmost seriousness to prevent further conflict, which could result in even greater loss of life and property," it said on Monday. 

Published in The Rising Nepal daily on 10 September 2025.   

Realme launches Note 70 in Nepal

Kathmandu, Sept. 6

Realme has officially unveiled the Realme Note 70 in Nepal.

Living up to its tagline, '1 Charge for 2 Days Use', the Note 70 is equipped with a 6,300mAh battery, offering up to two days of uninterrupted usage on a single charge. The device supports 15W Fast Charging and 6W reverse charging, ensuring minimal downtime and round-the-clock connectivity, the company informed in a statement on Saturday.

According to it, the new smartphone features Military-Grade Durability and Armorshell Protection, withstanding accidental drops of up to 1.8 metres. Additional features include Sonic Wave Ejection technology and IP54-rated dust and water resistance.

Weighing just 201 grams and measuring 7.94mm in thickness, it combines a slim, lightweight design with a striking aesthetic. Its 90Hz Eye Comfort Display delivers smooth visuals while reducing eye strain during prolonged use.

The device comes with a 13MP AI camera, capable of producing sharp and vibrant images enhanced by intelligent optimisation. "Powered by the UNISOC T7250 Octa-Core chipset, the Note 70 ensures smooth multitasking, while the AI Smart Experience adapts to user preferences for a more personalised interface. Entertainment is amplified by the 300 per cent Ultra Boom Speaker, delivering immersive audio for videos, music, and gaming," read the statement.

The smartphone is available in two storage variants: 4GB+64GB at Rs.13,999 and 4GB+128GB at Rs.14,999. It comes in two colour options – Beach Gold and Obsidian Black.

Published in The Rising Nepal daily on 7 September 2025.   

New NMA board assumes office

Kathmandu, Sept. 6

 The newly elected Executive Committee of the Nepal Mountaineering Association (NMA) under the leadership of tourism entrepreneur Phur Gyalje Sherpa took the oath of office on Friday.

The new committee was elected on August 23.

Outgoing President Nima Nuru said, “Whatever we have done, we did with transparency and in favour of the organisation. I hope the new team will continue on this path.”

He also suggested that the new Executive Committee should carry on the training programmes and welfare funds. “We have fixed deposits of 20 million rupees under various names, including a welfare fund allocated for scholarships to children whose parents lost their lives while working in the mountains. We have also developed the first-ever government-approved curriculum for mountaineering-related training and started offering insurance facilities at a fairly low price for NMA-registered mountain guides,” he added.

President Phur Gyalje Sherpa also pledged to continue these programmes with top priority. “We will continue these programmes with utmost priority for the betterment of Nepal’s mountain tourism and the welfare of mountain communities,” he said.

Ishwori Paudel has been elected Senior Vice President, while record-holding climber Mingma Gyabu Sherpa was elected 1st Vice President, and Bodh Raj Bhandari 2nd Vice President.

Likewise, Rajendra Bahadur Lama elected General Secretary and Chandan Thapa Secretary.  Mulal Gurung, Thupden Sherpa, Dendi Sherpa, Rinje Sherpa, Bikram Karki, Kedar Neupane, Devendra Dangol, Gokul Thapa, Madhav Kumar Dhamala, Nisha Bhote, and Diki Sherpa were elected as Central Executive Board members.

Similarly, Dawa Tashi Sherpa, Jenjen Lama, Dabuti Sherpa, and Sandesh Sherpa were also elected as Central Executive Board members from the book holder category.

The Director General of the Department of Tourism (DoT), as the government representative to the NMA Board, will complete the 27-member NMA Central Executive Board.

Published in The Rising Nepal daily on 7 September 2025.  

UNCT, NPC review LDC graduation

 Kathmandu, Sept. 5

The Government of Nepal and the United Nations Country Team (UNCT) conducted the annual meeting of the Joint Steering Committee of the United Nations Sustainable Development Cooperation Framework (UNSDCF) 2023–2027 in Kathmandu on Thursday.

The high-level meeting was co-chaired by Vice-Chair of the National Planning Commission (NPC) Prof. Dr. Shiva Raj Adhikari, and United Nations Resident Coordinator in Nepal Hanaa Singer Hamdy. The discussions focused on reviewing progress made in 2024 and aligning future actions as Nepal approaches its historic graduation from Least Developed Country (LDC) status, read a statement issued by the UN in Nepal.

Reflecting on the achievements of the past year, the meeting highlighted significant results across multiple sectors, including health, education, livelihoods, governance, and climate resilience.

A nationwide measles-rubella immunisation campaign reached 6.3 million children, enabling the elimination of rubella in Nepal. Further progress was reported in expanding access to essential services such as healthcare, safe water, education, and protection, particularly in disaster-affected and vulnerable communities.

Participants acknowledged the critical role of the UNSDCF in supporting the Government’s Smooth Transition Strategy, while accelerating progress towards achieving the Sustainable Development Goals (SDGs).

The Cooperation Framework also supported inclusive economic growth, created livelihood opportunities, and reinforced social protection systems. Stronger community resilience, ambitious climate action, and civic participation were identified as key drivers advancing Nepal’s irreversible graduation from LDC status and sustained SDG acceleration.

"As Nepal prepares for its graduation from LDC status, our Cooperation Framework serves as the roadmap to make that graduation irreversible, resilient, and inclusive. The United Nations remains a steadfast partner to Nepal in accelerating the SDGs and ensuring a future that is inclusive, sustainable, and prosperous,” said Hamdy.

Dr. Adhikari stressed the need for stronger data systems, enhanced institutional capacity through technical assistance, and reinforced multi-agency collaboration.
"Joint collaboration is vital in harnessing synergies for our shared goals. This requires a holistic and interconnected approach with a strong focus on inclusivity, capacity-building, evidence-based planning, and accountability," he said.

The Joint Steering Committee reaffirmed its commitment to strengthening cooperation between Nepal and the United Nations, ensuring the effective implementation of the UNSDCF and delivering tangible benefits to the people.

Published in The Rising Nepal daily on 6 September 2025.  

Pandey reelected GAN President

Kathmandu, Sept. 4

Pashupati Dev Pandey is reelected unanimously the President of the Garment Association of Nepal (GAN).

The 30^th Annual General Meeting of the Association held in Kathmandu on Wednesday and Thursday elected Pandey to the post.

The new executive committee includes Basanta Raj Adhikari as first Vice-President, Bhupendra Kumar Basnet as second VP, Bhim Kumar Giri as General Secretary, Thomnath Basyal as Joint-Secretary and Sanjay Kumar Agrawal as Treasurer.

Members of the committee are Krishna Prasad Pandey, Suresh Man Shrestha, Sachindra Pradhananga, Satish Giri, Hirakaji Muktan, Ramesh Kumar Karna and Sandip Poudel.

Speaking at the AGM's inaugural on Wednesday evening, Minister for Industry, Commerce and Supplies Damodar Bhandari appreciated the role played by the textile industries in creating employment, earning foreign currency and promoting economic development.

He also expressed the government's commitment to provide policy facilitation for promoting domestic products, upskilling, and expanding exports.

Likewise, Pandey urged the government to accord priority to garment industry in order to increase the export.

Published in The Rising Nepal daily on 5 September 2025.  

Visit enhances Nepal's position in int’l arena: Foreign Ministry

 By Modnath Dhakal/Karun Aryal,Kathmandu/Beijing, Sept. 4: Prime Minister KP Sharma Oli returned to Kathmandu on Wednesday night after concluding his five-day visit to China.  

He was received by Deputy Prime Minister Prakash Man Singh, Home Minister Ramesh Lekhak, Minister for Foreign Affairs Dr. Arzu Rana and others at the VVIP Lounge of the Tribhuvan International Airport. 

While in China, the Prime Minister participated in the 25th Summit of the Shanghai Cooperation Organisation (SCO) in Tianjin and attended a commemorative ceremony and military parade held on Wednesday at Tiananmen Square, Beijing, marking the 80th anniversary of the Chinese people's victory in World War II against Fascism and the Japanese Invasion.

The bilateral meetings and talks of Prime Minister KP Sharma Oli held with the President and Vice President of China, and the heads of state and government of various other countries have made a significant contribution to further enhancing Nepal’s standing in the international arena, the Ministry of Foreign Affairs (MoFA) said in a statement issued Wednesday night. 

During his bilateral meeting with Chinese President Xi Jinping, PM Oli raised the issue of Lipulek – a border pass in Nepali territory. 

In the meeting held on Saturday in Tianjin of China, he asserted that the territory belongs to Nepal and reminded the Chinese President that the Government of Nepal registered its strong objection to the recent understanding reached between India and China on border trade through Lipulek, the Embassy of Nepal in Beijing informed in a statement.

Foreign Secretary Amrit Bahadur Rai informed on the same day that Prime Minister Oli, during his meeting with President Xi, explicitly conveyed Nepal’s objection to the agreement reached between China and India to use the Nepali territory. In response, President Xi said that he had no differing opinion regarding Nepal’s stance and wished that the matter be concluded through discussions between Nepal and India. 

Meanwhile, according to Chinese state media Xinhua, the grand parade showcased thousands of troops, modern aircraft, and advanced weaponry, highlighting the new structure of China’s armed forces. 

Following the ceremony, Prime Minister Oli joined President Xi at a state banquet held at the Great Hall of the People. He left for Nepal in the evening from the Beijing International Airport, where he was seen off by Chinese officials and staff from the Nepali Embassy in Beijing.

Prime Minister Oli had reached Tianjin on August 31 at the invitation of Chinese President Xi to attend the 25th SCO Summit and the 80th anniversary celebrations.

Trade, investment, connectivity top discussion agenda

During the visit, Prime Minister Oli held bilateral meetings with several key leaders, including President Xi, Vice President Han Zheng, and leaders from other SCO member and observer countries, including Russian President Vladimir Putin, Laotian President Thongloun Sisoulith, Cambodian PM Dr. Hun Manet, Maldivian President Dr. Mohamed Muizzu, and Vietnamese Prime Minister Pham Minh Chinh.

Discussions focused on enhancing cooperation in trade, investment, tourism, education, culture, and aviation connectivity. There was also a shared commitment to work together on mutually beneficial issues in international forums. Leaders expressed interest in further strengthening people-to-people ties and diplomatic relations between Nepal and their respective nations.

According to the MoFA, during the meeting with the President of Russia, issues related to strengthening Nepal–Russia relations and promoting mutually beneficial cooperation in the fields of trade, investment, education, culture, and air connectivity were discussed. Prime Minister Oli invited President Putin to visit Nepal.

In his meeting with Laotian President Dr. Sisoulith, views on enhancing cooperation in the areas of culture, agriculture, and people-to-people relations were exchanged. They also agreed to work together in international forums to promote the interests of Landlocked Developing Countries (LLDCs) and Least Developed Countries (LDCs), informed the MoFA.

Similarly, during their meeting, PM Oli and Maldivian President Dr. Muizzu underlined the importance of collaboration at different levels to address the grave challenges posed by climate change, with particular attention to the concerns of mountainous and island nations.

In the meeting with the PM of Vietnam, expanding cooperation in trade and investment, science and technology, innovation, digitalisation, climate change, sports, education, culture, and air connectivity were talked about. 

Likewise, during the talks with Cambodian PM Dr. Manet, they discussed promoting cooperation in trade, investment, tourism, and cultural exchanges. They also agreed to work together in the United Nations and other international forums to advance areas of mutual interest.

At the SCO Summit, which was attended by heads of state and government from member countries, observer states, dialogue partners, and guests, Prime Minister Oli reiterated Nepal’s aspiration for full SCO membership. He emphasised Nepal's support for rule-based multilateralism grounded in connectivity, consultation, and cooperation. Nepal has been a dialogue partner of SCO since 2016.

A fruitful visit, say delegates

Chhabilal Bishwakarma, Secretary of CPN-UML and a member of the delegation, described the visit as highly fruitful, stating that Prime Minister Oli held productive discussions with heads of state and government from five countries. 

He noted that the visit strengthened Nepal’s bilateral ties and elevated Nepal’s presence in the international stage, calling it a moment of pride for all Nepalis.

He further highlighted the significance of Vice President Han Zheng’s assurance that China places Nepal at a high level of priority, which, according to him, shows the depth of the Nepal-China relationship beyond mere formalities.

Minister for Culture, Tourism, and Civil Aviation Badri Prasad Pandey, who was also part of the delegation, echoed similar sentiments. He said the visit demonstrated that China highly values Nepal, and that Nepal had a meaningful opportunity to present its perspectives during the summit. He expressed confidence that discussions with various world leaders on tourism, culture, and aviation cooperation would soon yield tangible outcomes.

Published in The Rising Nepal daily on 4 September 2025.  

NIA tightens oversight with directives on investment and foreign currency

Kathmandu, Sept. 3

The Nepal Insurance Authority (NIA) has introduced two major directives to strengthen regulatory oversight and promote transparency in the insurance sector. The newly issued guidelines, Investment Directive, 2082 and Foreign Currency Exchange Recommendation Directive, 2082, apply to life, non-life, micro-insurance, and reinsurance companies operating in Nepal.

The Investment Directives issued on Tuesday, September 2, mandates all insurers to operate under a formal Investment Policy, approved by their respective boards.

The directive encourages investment in secure areas, promotes diversification, and ensures proper asset-liability matching. It also seeks to strengthen internal control and risk management systems within insurance companies.

Key provisions of the Investment Directives include allowing unrestricted investments in government securities and Nepal Rastra Bank-issued bonds. With prior approval, life, non-life, and reinsurance companies may invest up to 5 per cent of their total investments in sectors like agriculture, warehousing, energy, education, and health through subsidiary companies.

However, board members of insurers and their immediate family members are barred from holding management or board positions in these subsidiaries.

Insurers are also required to conduct property revaluation every three years, maintain daily investment limits, and submit quarterly investment reports to the authority.

Likewise, all fixed deposits must be earmarked under the NIA’s name if held at licensed banks, financial institutions, or infrastructure development banks.

Similarly, the Foreign Currency Exchange Recommendation Directive aims to bring transparency and order to the process of converting Nepali currency into foreign exchange for payments related to reinsurance, retrocession, and foreign consultancy services.

Insurers must now obtain prior approval from the Authority for such payments, whether made directly to foreign reinsurers or through brokers.

Insurers must also adhere to existing foreign exchange laws and submit supporting documentation for reinsurance fees, claims, consultancy charges, and software payments. The directive further specifies that foreign currency requests will only be recommended for reinsurers listed and rated in accordance with the NIA’s Reinsurance Guidelines. Companies are required to keep all relevant documents for at least five years and submit a detailed foreign currency utilisation report within 15 days after each fiscal quarter.

Published in The Rising Nepal daily on 4 September 2025.  

FEEN, NGCCI sign a pact to promote Nepal-Germany trade

Kathmandu, Sept. 3

The Federation of Export Entrepreneurs Nepal (FEEN) and the Nepal-German Chamber of Commerce and Industry (NGCCI) have signed a Memorandum of Understanding (MoU) to boost trade cooperation between Nepal and Germany.

The agreement, signed on Wednesday, aims to enhance Nepal’s export potential, promote economic diplomacy, and foster stronger business ties with the German and wider European markets, read a joint statement issued by the two organisations.

The FEEN, which represents 28 commodity associations and numerous individual exporters, has long championed the growth of Nepal’s export sector. With its core mission of promoting economic development through export-led growth, FEEN showcases unique Nepali products, enhances productivity, and facilitates access to global markets.

Similarly, NGCCI has spent the past 35 years strengthening bilateral business relations between Nepal and Germany. The organisation promotes trade, investment, and knowledge exchange through various forms of economic diplomacy.

Following the agreement, presidents of FEEN and NGCCI - Govind Ghimire and Santosh Chandra Kunwar - expressed optimism that the partnership would open new avenues for Nepal’s export industries. They highlighted the potential for joint initiatives in market access, international trade fair participation, entrepreneurship promotion, Foreign Direct Investment (FDI), technology transfer, and policy advocacy.

As part of the collaboration, NGCCI will support the promotion of Nepali products in Germany by facilitating participation in major trade fairs and cultural exchange programmes.

“Joint efforts will be made to organise capacity-building workshops and knowledge-sharing platforms to benefit Nepal’s micro, small, and medium enterprises (MSMEs),” read the statement.

The two organisations also plan to work closely with relevant government ministries and departments in Nepal to identify and address trade barriers, helping create a more favourable business environment.

Furthermore, the partnership will focus on attracting FDI through economic diplomacy, and enhancing private sector competitiveness by sharing best practices between Nepali and German entrepreneurs. Both FEEN and NGCCI believe this MoU marks a significant step towards deepening economic ties and creating long-term opportunities for trade and investment between the two countries.

Published in The Rising Nepal daily on 4 September 2025.  

Preparations underway for first ascent of Api Himal

Kathmandu, Sept. 3

For the first time, a large number of climbers are set to ascend Api Himal (7,132 metres) and Lhayo Peak (6,395 metres), located within the Api Nampa Conservation Area in Nepal’s Far-Western Province.

Situated in Api Himal Rural Municipality of Darchula district, Api Himal is the highest peak in the province. Despite its immense potential to attract thousands of tourists, the mountain has remained largely overlooked due to a lack of promotional efforts, suitable trekking routes, and necessary infrastructure, the Nepal Tourism Board (NTB) informed.

Recently, the federal government announced that 97 peaks in the Far-Western and Karnali provinces will be open for climbing free of charge for the next two years. In line with this initiative, the Sustainable Tourism Project (STP), jointly implemented by the NTB and the UNDP Nepal, has launched a climbing training campaign.

This programme is led by the Nepal Mountaineering Association (NMA) in collaboration with Api Himal RM, under the ‘Summer Skills for Professional Mountain Guide Course’.

“After two weeks of theoretical training in Kathmandu, participants will undergo two weeks of practical training in the Api region. Graduates of this training will be eligible to work as mountain guides or assistant guides for trekking peaks and other mountains in the future,” said the NTB in a statement on Wednesday.

The training team was officially launched from Kathmandu by Minister for Culture, Tourism and Civil Aviation, Badri Prasad Pandey. He said that this initiative marks a historic step for the Far-West, promoting local coordination and collaboration, and contributing to tourism development across both provinces.

As part of the training, 14 trainees are preparing to ascend Lhayo Peak, near Api Himal, by opening their own route. The expedition includes 14 students and six instructors. Following the successful ascent of Lhayo Peak, a group of seven climbers, including instructors, will go on to summit Api Himal.

Subsequently, 15 local trekking guides will also receive specialised training in mountain navigation and camping.

According to the NTB, this initiative is expected to significantly contribute to the promotion of ‘virgin tourism destinations’ like the Api region. Members from the Api RM are also involved in the climbing team. According to Deepak Raj Joshi, Chief Executive Officer of the NTB, the project aims to enhance tourism facilities and services, develop skilled tourism professionals, and create employment and livelihood opportunities for local communities through destination promotion.

Published in The Rising Nepal daily on 4 September 2025.  

PM Oli, Chinese VP Han hold bilateral meeting

Beijing, Sept. 2

Prime Minister KP Sharma Oli and Vice President of China Han Zheng held a bilateral meeting on Tuesday at the Diaoyutai State Guesthouse in Beijing where the former stressed the need for effective implementation of agreed projects in Nepal, particularly those under the Belt and Road Initiative (BRI) framework.

In Response, VP Han expressed China’s commitment to deepening cooperation with Nepal in diverse areas, including trade, investment, connectivity, agriculture, energy, technology, tourism and climate change.

During the meeting, both sides reviewed the 70 years of diplomatic relations between Nepal and China, noting that bilateral ties were founded on the principles of Panchsheel and on mutual respect for each other’s sensitivities.

Member of Nepali delegation, including Education Minister Raghuji Pant, Tourism Minister Badri Prasad Pandey, PM Oli's Economic Advisor Dr. Yuba Raj Khatiwada, Foreign Secretary Amrit Bahadur Rai and Nepal's Ambassador to China Dr. Krishna Prasad Oli were present during the meeting.

Earlier, on Tuesday morning, Prime Minister Oli and his delegation travelled from Tianjin to Beijing on a high-speed train after attending the 25th Summit of the Shanghai Cooperation Organisation (SCO) in Tianjin.

He was seen off at Tianjin Railway Station by Wang Baoyu, Deputy Mayor of Tianjin Municipal People’s Government. Prime Minister Oli was welcomed at Beijing South Railway Station by Chen Jun, Vice Chairman of the Beijing Committee of the Chinese People’s Political Consultative Conference (CPPCC).

On Wednesday, Prime Minister Oli is scheduled to attend the commemoration ceremony and military parade at Tiananmen Square marking the 80th anniversary of the victory of the Chinese people in the World War against Fascism.

On the same day, he will also join the state luncheon hosted by President Xi Jinping at the Great Hall of the People in Beijing.

He will leave Beijing for Kathmandu on Wednesday evening.

Published in The Rising Nepal daily on 3 September 2025.  

PM Oli meets Vietnamese counterpart Pham, Indian Prime Minister Modi in Tianjin

Kathmandu, Aug. 31

Prime Minister KP Sharma Oli held a bilateral meeting with his Vietnamese counterpart Pham Minh Chinh, on the sidelines of SCO Summit in Tianjin of China on Sunday.

The two leaders discussed matters of mutual interest, including further strengthening friendly relations between Nepal and Vietnam and expanding cooperation in such areas as trade and investment, science and technology, innovation, digitalization, climate change, sports, education, culture, as well as air connectivity.

"The two leaders agreed on working together in international forums on issues of common concern. They also exchanged invitations for the visit to each other’s countries," the Embassy of Nepal in Beijing informed in a statement.

During the meeting, Prime Minister Oli stated that the recent visit of Vietnamese Vice-President Vo Thi Anh Xuan had further strengthened cooperation between the two countries, added our correspondent Karun Aryal from Beijing.

According to him, Vietnam’s progress within a short period has been inspiring for all. Highlighting the trouble-free and friendly relations the two countries have long enjoyed, Prime Minister Oli noted that Buddhism has fostered a strong cultural connection between the peoples of the two nations.

Emphasising the potential for connectivity in various sectors, PM Oli stressed the importance of working together on issues of common concern in international forums. Vietnamese Prime Minister Pham, for his part, expressed gratitude for the goodwill shown by the Nepali people towards Vietnam and said that both nations could move forward with consensus on shared matters.

On the same occasion, Prime Minister Oli also met with Indian PM Narendra Modi. Following the meeting, Prime Minister Modi posted a photograph on his official social media account X, writing, “Delighted to have met Nepal’s Prime Minister KP Oli in Tianjin. The relationship between India and Nepal is deep and truly special.”

Earlier, in the morning, Prime Minister Oli and his delegation members visited Rice Core Planting Area in Huiguan Village of Tianjin Municipality.

According to the Embassy, the Prime Minister was briefed about historical development of famous Xiaozhan Rice from Tianjin and how it was revitalized in modern era. Prime Minister and the delegation members also observed exhibition of different agricultural products during the visit.

In the afternoon, PM Oli visited Zhau Enlai and Deng Yingchao Memorial Museum in Tianjin. During the visit, he was briefed on extraordinary lives of Zhau Enlai and Deng Yingchao as well as their noble character and unwavering dedication to serving the People’s Republic of China and its people.

Later in the evening, the Prime Minister attended a welcome banquet and Gala performance at Tianjin Meijiang Convention Centre hosted by President of China Xi Jinping and his spouse Peng Liyuan in honour of the world leaders attending the SCO Summit.

Prime Minister Oli will address the SCO Plus Summit and meet with different world leaders on Monday. Likewise, he is scheduled to hold bilateral talks with Russian President Vladimir Putin, Maldivian President Dr. Mohamed Muizzu, Cambodian Prime Minister Dr. Hun Manet, and Lao Prime Minister Sonexay Siphandone.

Published in The Rising Nepal daily on 1 September 2025.  

Five banks to invest Rs. 7.2 bn in Sani Bheri Hydro Project

Kathmandu, Sept. 1

Sani Bheri Hydro Hydropower Project has secured a loan investment of Rs. 7.2 billion from a consortium of banks led by Citizen Bank International.

The promoter of the project Expert Hydro Investment Pvt. Ltd. signed a joint investment agreement with the banks – led by Citizens in partnership with Nabil Bank, Nepal Investment Mega Bank, Siddhartha Bank, and Sanima Bank – in Kathmandu on Monday to finance the construction of the 44.52 MW hydroelectricity project.

According to the deal, banks and financial institutions will contribute 75 per cent of the funding, while promoters will bear the remaining 25 per cent.

As per the agreement, Citizens Bank will provide Rs. 2.5 billion, Nabil Bank Rs. 1.5 billion, Nepal Investment Mega Bank Rs. 1.2 billion, Siddhartha Bank Rs. 1 billion, and Sanima Bank Rs. 1 billion. The project promoter, Expert Hydro Investment, will contribute Rs. 2.4 billion.

The loan investment agreement was signed by the company’s Managing Director Santosh Raj Nepal and Citizen Banks' Chief Infrastructure/Consortium and Corporate Banking Officer, Roshan Malla and chief finance officers of the participating banks.

Chairman of Expert Hydro Investment, Angish Ghimire and Citizens Bank CEO Ganesh Prasad Pokharel as well as the CEOs and CFOs of the participating banks were present on the occasion.

The project is expected to be completed within three and a half years of the starting of construction work. Electricity generated from the project will be evacuated through a 23-km-long, 132 kV double-circuit transmission line connecting the project’s switchyard to the Nepal Electricity Authority’s Banfikot substation.

It is estimated to supply 98.727 GWh during the dry season and 182.386 GWh during the wet season, contributing a total of 281.113 GWh annually to the national grid.

The Sani Bheri Hydropower Project will utilise water from the Sani Bheri River flowing through Putha Uttarganga and Sisne rural municipalities in Rukum East district.

Siddhi Hydropower Company Ltd. is the main investor, while there will be contributions from Nepali entrepreneurs at home and abroad as well as the general public, informed the company.

Published in The Rising Nepal daily on 2 September 2025.