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.    

GIBL announces 8% cash dividend

Kathmandu, Oct. 12

Global IME Bank Limited has announced an 8 per cent cash dividend – on its paid-up capital (including taxex) – for shareholders from the distributable profit of the fiscal year 2024/25.

This proposal will be distributed to shareholders after it is approved by the Nepal Rastra Bank and passed at the bank's upcoming Annual General Meeting (AGM).

GIBL has been honoured with multiple awards, including the Best Bank Award 2024 and 2025 from Global Finance, and the Euromoney Award for Excellence 2024 in two categories, among others. The bank has also been recognised as the Best Bank in Nepal by the Euromoney Award for Excellence in 2022, 2024, and 2025.

Global IME Bank is the first private sector commercial bank in the country with a branch network across all 77 districts. With 352 branches, 384 ATMs, 155 branchless banking services, 68 extensions, revenue collection counters, and 3 foreign representative offices, the bank serves its customers through over 1,000 service centres, providing excellent service.

  Published in The Rising Nepal daily on 13 October 2025.    

To graduate or not to graduate: Nepal faces dilemma over LDC upgrade

Kathmandu, Oct. 11

Amidst the estimated 3-5 per cent loss to the economy due to arson and vandalism of the public and private property and businesses during the Gen-Z movement in September this year, and fear of poor economic performance, apprehensions have begun surfacing about Nepal's graduation to the 'Developing Country (DC)' from the current Least Developed Country (LDC) status.

Several business leaders, economists and trade experts suggested seeking a deferral to the graduation in order to buy time to put the country's economy back on track.

While 76 people were killed in the protests, properties worth hundreds of billions were vandalised and set afire during the youth-led movement. According to preliminary estimates of the concerned authorities, damage to the public infrastructure is more than Rs. 103 billion while the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) put the damage to the private properties above Rs. 83 billion

Attack on private properties and businesses – including 21 outlets of Bhatbhateni Super Market, international hotel chain Hilton, multinational telecommunication company Ncell, automobile showrooms, Chaudhary Group's electronics factory, base station of Chandragiri Cable Car, and house of Non-Resident Nepali Association's founding President Dr. Upendra Mahato – has sent negative message about 'doing business' environment in Nepal.

Foreign investors, some of whom are at the final stage in making decision to bring in investment here, are now in 'wait and see', according to the business community. President of Garment Association of Nepal (GAN), Pashupati Pandey, a foreign investor who was seeking a plot of about 22 bigahas to set-up a garment industry that would employ about 15,000 people has now put his plan on hold.

Industries like garment, handicraft, carpet, felt and tea are afraid that they would be unable to compete with the products from countries like India, China and Bangladesh due to low productivity and high production and transportation cost in Nepal as the waiver to customs duties would be removed following the graduation.

A small group of development experts have expressed their worries over the possible end of obtaining grant for development projects.

  

Should Nepal seek deferral?

The recent untoward situation has paved the ground for the postponement of the graduation from the LDC, said Pandey. "There is a lot to do in terms of reducing production cost, improving trade infrastructure, enhancing the quality of ICT facilities and branding Nepali products at the international markets. We need some time for that," he said.

Nepal exports garments worth about Rs. 10 billion a year, of which goods worth Rs. 4 billion enter the US market while European market is also equally important. Nepal is getting favoured treatment and duty-free access to most of these markets, and even if a 10-per cent duty is levied, it would be difficult for Nepali products to compete with Bangladeshi or Chinese products.

However, for the short-term, Nepal has advantage over its neighbours due to US President Donald Trump's policy of reciprocal customs duties.

Economist Dr. Paras Kharel, said that since the country had delayed graduation due to earthquake and COVID-19 pandemic, it wouldn't be unusual to seek another deferral.

"Postponement of graduation from LDC status does not mean an indefinite deferral. It might be just an extra three years. That would still be precious time for reconstruction and recovery from the destruction just witnessed and, hopefully, for creating the basic conditions for a truly stable and prosperous Nepal," he said.

According to Dr. Kharel, Nepal's businesses have now been battered by the destruction of physical capital, a key pillar of a UN agency's productive capacities index. The tourism industry a major foreign exchange earner and employer, faces its greatest challenge since the pandemic while attracting foreign investment was always a struggle.

The deaths and destructions during the protests warrant a reconsideration of the decision to graduate, he said.

"However, the government should seek the deferral only after being clear about what it would do for better preparation and utilise the time available," said Dr. Kharel.

According to him, the recent economic growth estimates by the World Bank (WB) is a warning call. The multilateral donor has recently downgraded the growth rate to 2.1 per cent from the projection of 4.5 per cent made in April this year.

"In Nepal, recent unrest and heightened political and economic uncertainty is expected to cause growth to decline to 2.1 per cent in FY25/26, with a potential range of negative 1.5–2.6 per cent," the WB further warned.

But FNCCI President Chandra Prasad Dhakal said that since Nepal has moved much ahead with the preparations for graduation, the country should not seek a deferral but lobby to continue the benefits provided to an LDC country.

"Graduation of Nepal can improve Nepal's image at the international stage and force the producers and exporters to boost the quality of their products and reduce the price which will ultimately make the economy healthy," he said.

Meanwhile, several experts cite Bangladesh case as a model for Nepal in seeking postponement for graduation.

 Bangladesh, that witnessed almost similar youth uprising in July last year, is reevaluating its status and readiness for graduation albeit the government denied the postponement.

According to a report of The Business Standards, the government had decided to commission an independent – comprehensive and impartial – assessment by the United Nations (UN) in response to the call from the private sector to delay the graduation. The assessment will evaluate Bangladesh's preparedness, identify external risks after graduation, and boost confidence.


Preparations at final stage

The National Planning Commission (NPC), which is the focal agency for LDC graduation, said that no proposals or discussions were made for postponing the country's entry to the 'DC club'.

The planning body had also formulated 'Smooth Transition Strategy' last year.

A senior official of the NPC said that it is a matter that should be discussed by all the stakeholders and decided by the government. And, the government has not indicated any moves for the postponement.

Prime Minister Sushila Karki has also sought cooperation from multilateral and regional bodies for the smooth transition after the country's graduation.

Addressing Nepal's ambassadors and heads of missions a few days ago, she 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 LDC and achieve the Sustainable Development Goals (SDGs) by 2030.

However, the NPC official said that although the proposal to extend the grace period could be a better option the decision should be made by the UN agencies such as the Committee for Development Policy (CDP), which evaluates countries and recommends graduation.

Spokesperson of the Ministry of Foreign Affairs, Lok Bahadur Poudel Chhetri, said that the preparations for the graduation have been satisfactory.

"For now, Prime Minister's opinion is the ultimate. We must prepare for the graduation," he said.

 

Ready in 2015

The United Nations General Assembly (UNGA) in November 2021 had ratified the proposal to graduate Nepal to a 'developing' country status from its current position of a 'Least Developed Country (LDC)' with a transition of five years in 2026.

The country that was in the LDC club since the origin of the concept in 1971 had met the two of the three criteria to be recognised as the developing nation in a decade ago and was scheduled to graduate in 2018 but citing the devastating Gorkha Earthquake in 2015, the government requested the United Nations not to move ahead with the graduation process.

The five-year preparatory period for graduation (granted to Nepal, Bangladesh and Laos) was unusual as the usual policy has three-year period.

According to the UN Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (OHRLLS), a country should meet two of the three criteria to graduate to the 'developing' status from the LDC – PC-GNI of US$ 1,306, Human Assets Index (HAI) at a score of 66 or above and Economic and Environmental Vulnerability Index (EVI) at a score of 32 or lower.

Alternatively, there is a provision to graduate a country on the basis of income-only criterion if it achieves three times the graduation threshold of $3,918.

Nepal's HAI is at 76.3 which is much higher than the LDCs average of 59.6 and EVI is at 29.7 while LDCs average is 40.6.

Although Nepal was elevated to lower-middle income country in 2020, it is yet to meet the threshold of Per Capita Gross National Income (PC-CNI) of US$ 1,306. In 2024 review, it missed it by just US$ 6.

Currently, 14 LDCs are in various stages of the graduation process, four will graduate from the category by 2027 – including Solomon Islands, which is due to graduate in December 2027.

Likewise, Cambodia and Senegal are slated to graduate in December 2029. Other in the pipeline are – Rwanda, Uganda, Tanzania, Kiribati, Tuvalu, Comoros, Djibouti and Myanmar.

Mixed impacts

According to the UN and Nepal's Smooth Transition Strategy, a country's graduation reflects sustained development progress which enhances national pride and creates positive international image. It might result in improved international perception which may encourage Foreign Direct Investment (FDI) and investors may view Nepal as a more stable and creditworthy destination.

The supports from the UN and development partners won't be severed immediately after the graduation, which will be available for smooth transition for several years. Nepali business people want the same facility to be prolonged.

Likewise, since the graduation requires sustained progress over at least nine years, it is helping Nepal to build structural and institutional strength and encouraging better planning, policy discipline and institutional reforms.

"None of the countries to graduate so far have fallen back into the list. The criteria are designed asymmetrically, so that it is harder to leave the list than it is to be included in the first place," read a document of the UN-OHRLLS.

However, LDC graduation comes at a cost of losing preferential tariffs for exports to the EU, China and Canada while major export goods like carpets, garments, herbs and footwear could face higher tariff.

As export diversification to new markets will be more difficult, the government should formulate diversification strategy to remain competitive. Dr. Kharel said that the National Trade Integration Strategy 2023 could serve a policy agenda for this.

Likewise, with the graduation, Nepal will lose grant support from various bilateral and multilateral donors, lose access to LDC Fund under the UNFCCC, and lose priority for UN technical and financial programmes. But the country is already opting for bilateral or multilateral loans and it has conducted sovereign credit rating and obtained BB- rating which is considered 'satisfactory'.

On a smaller scale, the country's budget contributions to the UN will be increased while travel support for attending international meetings will be lost.

  Published in The Rising Nepal daily on 12 October 2025.    

Nepal welcomes ME Peace Plan

Kathmandu, Oct. 10

Nepal has welcomed the agreement reached between Israel and Hamas to implement the first phase of the ‘Middle East Peace Plan’ proposed by the President of the United States Donald Trump.

"We call for the immediate release of all hostages, including Nepali national Bipin Joshi, who has been held by Hamas since October 7, 2023," the Ministry of Foreign Affairs (MoFA) said in its status on X on Friday.

It has urged all parties concerned to implement the plan in its true spirit, to ensure the smooth flow of humanitarian assistance to the people of Gaza, and to pave the way for lasting peace in the region and beyond.

"Nepal commends the United States, Qatar, Egypt and Türkiye for their pivotal role in securing this much-awaited agreement," read the statement.

In the past two years, since Israel launched offensive against the Hamas-led government in Palestine following the mass killing of more than 1,250 Israelis and foreign nationals in the terror attack and taking hostage of 250 others.

Most of the cities in Gaza have been damaged in the attacks while more than 67,000 Palestinian were killed. A Nepali national, Bipin Joshi, is held captive by Hamas. Although the MoFA had initiated multiple efforts to get him released, his release couldn't be secured.

Meanwhile, AP adds: A ceasefire between Israel and Hamas came into effect in Gaza on Friday, the military said, hours after Israel’s Cabinet approved a deal to pause the fighting and exchange the remaining hostages for Palestinian prisoners.

Tens of thousands of people who had gathered in Wadi Gaza in central Gaza started walking north after the Israeli military’s announcement at noon local time.

The ceasefire marks a key step toward ending a ruinous two-year war that has killed tens of thousands of Palestinians, reduced much of Gaza to rubble, destabilized the Middle East, and left dozens of hostages, living and dead, in the territory.

  Published in The Rising Nepal daily on 11 October 2025.    

Insurance companies compensating for damages

Kathmandu, Oct. 10

Of the total insurance claims of approximately Rs. 23.23 billion for physical and other damages during the recent Gen Z protests in the country, 653 claims have been filed under property insurance, with a total claim amount of around Rs. 19.06 billion.

As of now, insurance companies have paid out about Rs. 1.32 billion, including advance payments, for property insurance claims, the Nepal Insurance Authority (NIA) informed on Friday.

For the evaluation and monitoring of property insurance claims, insurance surveyors have been deployed for 598 claims, with 52 survey reports received to date.

In the case of motor insurance, 2,206 claims have been filed, amounting to approximately Rs. 3.41 billion. Insurance companies have paid out around Rs. 249.1 million in claims, including advance payments.

To assess and monitor damages to vehicles, surveyors have been assigned to 1,939 claims, with 314 survey reports received so far.

Likewise, the NIA said in a statement that for engineering and contractor risk insurance, 190 claims have been filed, with a total claim amount of around Rs. 38.3 million. Insurance companies have paid out approximately Rs. 8.7 million, including advance payments, under this category.

Surveyors have been deployed for 126 claims related to engineering and contractor damages, with five survey reports received to date.

In transportation insurance, 12 claims have been filed, amounting to approximately Rs. 16.3 million. Insurance surveyors have been assigned to 11 claims for evaluation and monitoring of transportation damages.

For other insurance categories, 38 claims have been filed, with a total claim amount of around Rs. 35.37 million. To date, around Rs. 550,000 has been paid out in claims under these categories. Insurance surveyors have been assigned to 36 claims, with three survey reports received so far.

Similarly, a total of 3,099 claims have been filed across 14 life insurance companies and four small life insurance companies.

Insurance companies have paid out around Rs. 1.58 billion, including advance payments, from the total claim amount received.

For the evaluation and monitoring of claims related to physical and other damages during the protests, surveyors have been assigned to 2,710 claims, with 374 survey reports submitted to date.

The NIA said that it is prioritising the protection of policyholders' interests and has been directing insurance companies to make the insurance claim process for physical and other damages during the recent protests efficient, transparent, and effective.

  Published in The Rising Nepal daily on 11 October 2025.    

Godrej, CG hold partners meet

Kathmandu, Oct. 10

Godrej Enterprises Group’s Appliances business and Chaudhary Group (CG Electronics) held the Business Partners Meet 2082 in Nepal under the theme ‘Breaking Boundaries 2082’.

The event brought together over 150 channel partners from various regions of Nepal. The meet focused on setting goals for market leadership and business expansion in the consumer appliances sector, CG informed in a press meet on Friday.

Jaishanker Natarajan, Exports Head and Product Group Head for Healthcare at the Appliances business of Godrej Enterprises Group stated that the group intented to explore new opportunities in the Nepali market in partnership with business associates.

Likewise, Nirvana Chaudhary, Managing Director of Chaudhary Group, said the collaboration aims to introduce new approaches in operations, customer outreach, and market development.

The event included the introduction of Godrej's product range, which features refrigerators, air conditioners, and washing machines. These products will be available through retail outlets in Nepal.

Business strategies and product plans for the year were shared with attendees. The event also recognised the contributions of key partners.

  Published in The Rising Nepal daily on 11 October 2025.    

Insurance claims for damage during protests exceeds Rs. 23 billion

Kathmandu, Oct. 9

The Nepal Insurance Authority (NIA) has informed that insurance claims for physical and other damages caused during the recent Gen Z movement have exceeded Rs. 23 billion.

By Wednesday, October 8, the total claims reported to all non-life insurance companies had reached approximately Rs. 23.22 billion.

According to data received by the Authority from various insurers, this amount corresponds to a total of 3,099 claims filed with 14 non-life insurance companies and four micro non-life insurance companies.

Out of the total claimed amount, around Rs. 1.29 billion, including advance payments, had been paid by Wednesday.

Non-life insurance companies had mobilised 2,706 surveyors to prepare damage assessment reports as of Wednesday, and so far, 374 survey reports have been submitted, according to information received from the insurers.

Earlier on Tuesday, the NIA had directed the insurers to make prompt payments in line with the Claim Settlement Guidelines stressing that the data insurers provide on claims and claim payments must be accurate. Executive Director of the Authority, Sushil Dev Subedi, had also instructed reinsurance companies to prioritise liquidity and immediately inject liquidity into the market.

The non-life and micro non-life insurance companies have been saying that they are capable of settling the claims arising from the protests and there are no obstacles to making payments. Likewise, Nepal Reinsurance Company also said that it is capable of settling the reinsurance claims and is committed to disbursing the due amounts to insurers as soon as the necessary procedures are completed.

  Published in The Rising Nepal daily on 10 October 2025.    

Germany to support Nepal in governance and development

Kathmandu, Oct. 8

Nepal and Germany signed two significant agreements on financial and technical cooperation to support Nepal in energy, health, agriculture, governance and inclusive development.

The Ministry of Finance (MoF) said in a statement on Wednesday that Joint Secretary of the MoF Dhaniram Sharma and Ambassador of Germany to Nepal, Udo Volz, signed the agreements.

Under the financial cooperation agreement, the German Government has committed up to 20 million Euros to the Power Distribution Strengthening Programme. This project is focused on upgrading and reinforcing Nepal’s electricity distribution system to ensure a reliable and efficient power supply throughout the country.

"The project will be implemented through the Nepal Electricity Authority (NEA), and a separate implementation agreement will be signed between the NEA and the German Development Bank (KfW). The project is expected to be completed within five years, by 5 September 2029," read the statement.

The technical cooperation agreement is based on the long-standing Framework Agreement signed in 1974 and its amendment in 2009. Under this agreement, Germany has pledged an estimated 21 million Euros to support Nepal in several key sectors.

In the health sector, the assistance will continue to support the National Strategy for Gender Equality and Social Inclusion (S2GESI), focusing on strengthening quality infrastructure within the health system.

Likewise, in agriculture and private sector development, the Green Resilient Agricultural-centred Private Sector Economic Development (GRAPE) programme will be promoted to encourage inclusive and climate-resilient economic growth. 

A project aimed at reforming the revenue system will be advanced, contributing to sustainable development. In addition, advisory and technical assistance will be provided through the Studies and Experts Fund. The implementation of this agreement is also to be completed within five years, September 2029.

Joint Secretary Sharma said that these agreements reflect the depth and stability of Nepal–Germany relations and demonstrate the shared commitment of both nations to inclusive and sustainable development. Speaking at the same event, German Ambassador Volz said that the new commitments have further strengthened cooperation with Nepal and its people, particularly in the fields of energy, sustainable economic growth, and health.

  Published in The Rising Nepal daily on 9 October 2025.    

SBAN welcomes capital market reform report

Kathmandu, Oct. 8

The Stock Brokers Association of Nepal (SBAN) has welcomed the report submitted by the Capital Market Reform Taskforce and called for its immediate implementation.

In a statement issued on Wednesday, the SBAN urged the concerned authorities to act on it without delay. The report was prepared under the directive of Finance Minister Rameshore Khanal.

The taskforce, formed under the coordination of Acting Executive Director of the Securities Board of Nepal (SEBON), Rupesh KC, was constituted at the direction of Minister Khanal to provide recommendations for the reform of the capital market.

Following the submission of the report, Minister Khanal directed the SEBON, Nepal Rastra Bank, Nepal Stock Exchange (NEPSE), and other relevant agencies to take necessary actions. After the directive was issued by the Ministry of Finance, SBAN also demanded prompt implementation of the measures required for capital market reform.

SBAN's President Sagar Dhakal said that the proactive approach shown by Minister Khanal since his appointment would serve as a milestone in sustainable development and reform of Nepal’s capital market.

“The taskforce has made dozens of important recommendations for the current growth and development of the capital market — including removing the limit on share-backed loans, lifting the ban on banks and financial institutions from buying and selling shares, introducing new instruments, and restructuring and privatising NEPSE,” he said.

Dhakal further said that although taskforces had been formed in the past in various sectors to submit reform measures, implementation had often proved difficult. “This time, the recommendations provided for capital market reform must be executed without delay,” he stressed. 

  Published in The Rising Nepal daily on 9 October 2025.    

Floods, landslides inflict Rs. 4.63 billion damage to roads, bridges

Kathmandu, Oct. 7

Floods and landslides induced by the incessant rains since Friday night damaged roads and bridges at over 263 locations across the country. According to the Department of Roads (DoR), the damages could cost more than Rs. 4.63 billion – roads Rs. 4.34 billion and bridges Rs. 281 million.

It informed that since some details are yet to come, the cost of damage could go higher, while the details of the BP Highway are yet to come.

The floods have washed away roads and bridges, and caused damage to the infrastructure as well as superstructure. Most of the damaged infrastructure's construction was completed.

Some of the largest damages have occurred along the Kaligandaki Corridor, the Kanti Highway and the Mechi Highway. The Mechi Highway is damaged at nine locations and Koshi Highway at seven locations. Largest damages have occurred at Dhobidhara-Nepaltar section (Rs. 600 million) and Mai Khola – Rajduwali section (Rs. 268 million) along the Mechi Highway.

The Mid-Hill Highway and Khandbari-Kimanthanka section of Koshi Highway have also witnessed multiple damages.

Likewise, the Kanti Highway is washed away at three locations and structural damages happened at four places.

The Kaligandaki Corridor's Beni-Jomsom-Korala section is one of the severely affected roads with damages at nine locations where the road is washed away at seven places. Since the road is under-construction, there has been less damage economically but as the infrastructure is completely damaged at various places, it will take some time to make the road ready for travel.

The damages have also affected the transportation of goods imported from China through the Korala border point which was recently brought into operation following the damage of roads and bridges at Tatopani and Rasuwagadhi border points. 

Similarly, the floods and landslides damaged at least six bridges – over Hewa River, Puwa River, Thade River, Mai River and Jogmai River – along the Mechi Highway. A bridge worth Rs. 300 million is damaged over the Mai River at Belase. The DoR said that it needs Rs. 600 million to construct a new 120 m single span bridge at the same location.

While the Bajradevi Bridge over Mai River could be opened after some maintenance, other bridges need to be rebuilt. According to the preliminary estimates, Rs. 420 million is required for a new permanent 80-metre single span bridge over the Hewa River where the floods washed away the Bailey bridge. Likewise, the Puwa River bridge will need Rs. 250 million, and Jogmai River Rs. 220 million.

Likewise, damage worth Rs. 120 million at the bridge over the Seti River in Pokhara is also reported.

  Published in The Rising Nepal daily on 8 October 2025.    

MoCIT registers Global Diary as social media app

Kathmandu, Oct. 7

Nepal’s Ministry of Communication and Information Technology (MoCIT) has officially granted registration approval to Global Diary, the country’s first domestically developed multidimensional social media and business digital platform.

The approval, issued as a ‘Registered Notice’ by the Ministry, allows Global Diary to operate as a social networking platform in accordance with the provisions of the Social Media Regulation Directive 2080.

“This milestone is viewed as a historic achievement for Nepal’s technology sector, marking the first-ever platform built within the country that aims to connect individuals, businesses, and institutions within a unified digital ecosystem,” the company said in a statement on Tuesday.

According to it, Global Diary’s vision is to bring three major sectors of society—businesses, users, and institutions—under one digital umbrella. For businesses, the platform offers an affordable and AI-powered digital presence, enabling easy access to customers and the ability to showcase services, products, and job opportunities. Users can access news, job listings, offers, events, and services in one place, ensuring secure and verified information.

Stating that small businesses and startups in Nepal often struggle with high advertising costs on other platforms, the newly launched app is set to offer these businesses a cost-effective and user-friendly digital presence to reach potential customers.

It also claimed that the platform places a high priority on user data security, ensuring all national data is stored securely within Nepal. It also supports multiple languages, including Nepali, making it easily accessible to users from diverse backgrounds.

 Published in The Rising Nepal daily on 8 October 2025.    

Korala customs point can be leveraged to boost regional trade: Dhakal

Kathmandu, Sept. 28

The President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Chandra Prasad Dhakal, has suggested that the Korala border post could be utilised for trade not only between Nepal, China, and India but also for facilitating regional commerce within South Asia.

While visiting the Nepal-China border pillar number 24 in Choser, Upper Mustang's Lomanthang Rural Municipality, on Sunday, he said that in order to operate the border post commercially, Nepal needs to develop infrastructure and manage human resources on its side of the customs area.

According to a statement issued by the FNCCI, he emphasised that Korala, as the shortest route connecting China and India, could play a significant role in promoting economic activities, tourism, and religious tourism. Dhakal pointed out that, given the interest and activity from China, Nepal should take full advantage of the opportunity and ensure efficient use of the border.

The Korala border is the shortest route (435 kilometres) connecting India and China.

"The recent bustle seen at Korala has confirmed its potential for commercial operations. Now, there should be no delay in developing the necessary infrastructure to make operations smoother," said Dhakal.

He suggested that if it is not feasible to develop government offices, settlements, and other infrastructures near the Korola border post, the government could consider establishing these facilities in Nechung, a lower area. This would make it easier to operate the customs post and provide essential services such as electricity, water, and internet.

Around 700,000 domestic and international tourists visited Mustang last year, emphasizing the region's potential for religious tourism. The district is also home to significant religious sites like Muktinath and Damodarkund.

Korala is particularly beneficial for religious tourism as it offers the easiest and most affordable route for pilgrims from Hindu, Buddhist, and Jain communities to visit the sacred sites of Kailash and Mansarovar.

According to Dhakal, to promote tourism in Mustang, the current fee of USD 500 charged to foreign tourists for entering Upper Mustang is unrealistic so it should be reviewed immediately.

President Dhakal reaffirmed the FNCCI's commitment to completing the Kaligandaki Corridor project quickly and ensuring that the Korola border post operates smoothly and sustainably. He also expressed the private sector's readiness to contribute to the necessary efforts to make these initiatives successful, emphasising the need for cooperation with the government and relevant authorities.

Meanwhile, our correspondent from Muktinath reported that Dhakal expressed his enthusiasm after learning that the Mustang Customs Office in Nechung had collected over Rs. 1.37 billion in revenue from imports of electric vehicles (EVs), electronics, and other goods since the end of August. He stated, "Korala can be used to expand trade across South Asia, and this border will also help reduce Nepal's trade deficit."

Amrit Bhatt, President of the Gandaki Province Chamber of Commerce and Industry, mentioned that if the government prioritises infrastructure development, with China also upgrading its customs facilities, the Korala border could turn Gandaki Province into a hub for economic activities.

During a discussion with local entrepreneurs and businesspeople from Jomsom, the FNCCI President stressed the need to end the tradition of looking for alternative routes only when issues arise at other border posts connected to China. This practice, he noted, is counterproductive, especially when Korala offers a more direct and reliable route.

Raju Prasad Lalchan, President of the Mustang Chamber of Commerce and Industry, suggested that improving and operating the road connecting Korala via Jomsom and Beni, a stretch of 186 kilometres, would ease the transportation of goods. He added that with the road passing through the flood-prone areas of neighbouring Myagdi district, a permanent solution is needed for the infrastructure to be effective.

 Published in The Rising Nepal daily on 29 September 2025.    

NIFRA donates Rs. 10 million to PIRF

 Kathmandu, Sept. 28

Nepal Infrastructure Bank Limited (NIFRA) has contributed R 10 million to the Physical Infrastructure Reconstruction Fund (PIRF), which was recently established by the Government, under its corporate social responsibility.

“This support is made to help in the reconstruction of structures damaged during the nationwide protests on 9 and 10 September, economic revival, and relief efforts,” the company said in a statement on Sunday.

Chief Executive Officer, Krishna Bahadur Adhikari, handed over the cheque bearing the amount to Finance Minister Rameshore Prasad Khanal at the latter’s office on Sunday. 

 Published in The Rising Nepal daily on 29 September 2025.    

Siddartha Hospitality receives 3 SATA awards

 Kathmandu, Sept. 28

Siddhartha Hospitality has received three prestigious awards at the South Asian Travel Awards (SATA) 2025 this year.

The Siddhartha Riverside Resort, located in Chumlingtar, Chitwan, which is in the final phase of its four-star hotel upgrade, has won the 'Leading Riverfront Hotel/Resort' award.

Similarly, Siddhartha Villas, a five-star hotel in Bhairahawa, has received two awards - 'Leading Wedding Hotel' and 'Leading Meeting and Conference Hotel'.

The SATA Awards, regarded as one of South Asia's most prestigious in the hospitality sector, saw participation from hotels, resorts, travel companies, and airlines from various countries.

Krishna Nyaupane, CEO of Siddhartha Group, said, "It is due to the love and trust of our guests that we are moving forward in this way. This achievement is not just ours, but also for our customers, well-wishers, partners, and the entire team."

Starting in 1998 from Tikapur, Kailali, the company’s journey has spread across the country. In the past year, the company has become synonymous with quality in the hospitality industry. It is set to expand its presence in India as well.

Presently, over 2,500 direct employees work across various outlets of Siddhartha Hospitality. It is one of the largest employers in the hospitality sector.

The company currently operates five-star Siddhartha Villas, four-star Siddhartha Vaibhav, and three-star Siddhartha Batika hotels. Additionally, Siddharth Cottage, Siddharth Café, and an upcoming hotel under the "S" brand are also in the works.

 Published in The Rising Nepal daily on 29 September 2025.    

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