Sunday, January 28, 2024

SME village being built at Bardaghat

Kathmandu, Jan. 27

A Model Industrial Village (SME Village) is being built at Bardaghat Municipality in Nawalparasi (West). The foundation stone of the industrial village was laid on Friday after completing the preparatory works including budget management and project construction contracts.

Industry, Commerce and Supply Minister, Ramesh Rijal and Member of Parliament from the area, Binod Chaudhary, jointly laid the foundation stone of the project.

With the resource allocation for the industrial village in the budget of the current Fiscal Year 2023/24, preparations for the project have progressed. Integrated facilities will be available in this village that aims to utilise the creative entrepreneurship of the local youth and skills based on local raw materials.

This village is being built in Bardghat Municipality Ward No. 5, Khajura Khola area in about 18 bigaha land. It is estimated that Rs. 170 million will be needed to develop this project which is aimed to be completed within the next three years.

For this year, Rs. 40 million have been released for this project and the contract to develop it has already been awarded. If required, an additional budget would be disbursed for its construction, said Chaudhary.

Engineers from Chaudhary Foundation will directly support the project without any financial burden to carry forward this project effectively.

Speaking on the occasion, Minister Rijal expressed his belief that the model industrial village will contribute significantly to the industrialisation and economic development of the region. He also said that the government is ready to cooperate with the private sector and will take initiatives to improve policies for industrial development.

"We are promoting youth entrepreneurship training for young people. And we will also take the necessary steps to arrange seed capital for them," Chaudhary said. He also informed that he and his team will continuously support and monitor the construction of the project.

The Special Economic Zone Authority under the Ministry of Industry, Commerce and Supplies has been facilitating the construction of the model industrial village. Mayor of Bardaghat Municipality, Shambhu Lal Shrestha said that it is very good news that a model industrial village is being constructed in the municipality. 

 Published in The Rising Nepal daily on 28 January 2024.     

Dhakal urges NRNs in Qatar to invest in Nepal

Kathmandu, Jan. 27

Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), has urged the Nepali immigrants in Qatar to invest in various sectors of Nepal.

Addressing the conference of 'Nepal Business Association Qatar' held in Doha, Dhakal called for investment in Nepal's tourism, infrastructure development, renewable energy and agriculture sectors.

"Nepal has a lot of potential for investment in areas like tourism, infrastructure development, renewable energy and agriculture. Likewise, Qatar's development experience in the fields of renewable energy, tourism and hospitality, infrastructure development, urbanisation, and information technology can be used in Nepal," he said according to a statement issued by his secretariat.  

According to Dhakal, Nepali workers have contributed to the economic growth and development of Qatar so Nepalis in Qatar should establish a technical school in Nepal to create skilled workers.

He argued that the provision of citizenship made by the Nepali government for non-resident Nepalis should also encourage the Nepalis scattered around the world to invest in Nepal.

As the Government of Nepal is going to hold an investment conference in collaboration with the FNCCI to attract foreign investment in Nepal, he urged them to promote the investment environment and opportunities in Nepal and encourage Qatari investors to come to Nepal.

Dhakal said that the government has expressed its commitment to create an investment-friendly environment by removing many legal obstacles. "Within a few years, Nepal will be upgraded from a Least Developed Country (LDC) to a developing country. It will create many possibilities in Nepal's economy and Qatar can become a major partner in our drive to diversify the economy," he said.

He also said that the recent high-level agreement on energy with India is positive and it has paved the way for investment in hydropower and energy trade in our country.

 Published in The Rising Nepal daily on 28 January 2024.     

KU and an Australian institute agree for double degree programme in BIT

Kathmandu, Jan. 27

The School of Engineering at Kathmandu University of Nepal and the Crown Institute of Higher Education (CIHE) of Australia have signed a Letter of Agreement (LoA) on 26 January to launch a double degree programme in Bachelor of Information Technology.

The agreement provides the guidelines for the initiation and administration of the double degree programme in Bachelor of Information Technology (BIT) as conceived by the Definitive Agreement signed between the two institutions on August 1, 2023.

The LoA outlines the fee structures and scholarships for student intake in 2024, informed Dr. Bal Krishna Bal, Programme Coordinator of Bachelor of Information Technology at the KU.

"The MoU aimed at establishing the way for a multifaceted partnership aimed at enhancing international cooperation in academia encompassing various collaborative initiatives, including Staff Exchanges, Student Exchange Programmes, and the Exchange of Academic Materials between the two esteemed institutions," said Dr. Bal.

Furthermore, the MoU also envisioned joint efforts to establish and implement innovative joint degree courses, demonstrating a commitment to shared academic pursuits.

The Definitive Agreement (DA) was also signed on the same day, outlining the commencement of a Double Degree Programme in Bachelor of Information Technology (BIT).

This unique academic collaboration allows for a maximum intake of 30 students per cycle, offering them a remarkable opportunity to immerse themselves in the rich academic environments of both KU and Australia within the dynamic field of information technology.

For the programme, the CIHE will be providing a discounted fee arrangement setting the tuition fee at AUS$ 7200 per semester, in contrast to the regular AUS$ 9000 per semester. KU, on the other hand, will be adopting the same fee structure for its Bachelor in Computer Science programme for the first two years study period.

The KU offers a comprehensive scholarship scheme, awarding100 per cent scholarship to the highest achiever, 50 per cent to the second highest, and 25 per cent to the third-highest performer in each semester, applicable to the tuition fees for the subsequent semester at KU. Similarly, the Crown Institute of Higher Education (CIHE) extends additional scholarship opportunities, providing a 15 per cent scholarship to students maintaining a High Distinction average and 10 per cent to those achieving a Distinction average while studying at CIHE.

Additionally, CIHE also grants 50 per cent tuition fee waiver to the student topping the batch during their studies at KU with the highest CGPA for three semesters.

If students choose to continue their studies in Nepal or face challenges securing an Australian visa, they have the flexibility to transition seamlessly to either the Bachelor of Computer Science or the Bachelor of Technology in Artificial Intelligence programmes at Kathmandu University. If 50 per cent or more of the students face such circumstances, the Department will provide a full-fledged BIT programme for the remaining two years, ensuring continuity in their academic journey and the possibility of graduating as a BIT graduate from Kathmandu University itself.

Registrar of the KU, Prof. Dr. Achyut Wagle, said that the collaboration was about creating alliance with foreign educational institutions. "Governments of both countries are positive about this collaboration. Australian ambassador to Nepal was present during the agreement signing programme," he said. 

 Published in The Rising Nepal daily on 28 January 2024.     

Maoists of all hues, unite: PM Prachanda

Kathmandu, Jan. 27

Chairman of CPN (Maoist Centre) and Prime Minister Pushpa Kamal Dahal 'Prachanda' has said that unity among Maoist factions is indispensable to secure the changes achieved through people's struggle.

Addressing the 14th Annual General Meeting of Martyr Foundation Nepal (MFN) today at the Party Office of the Maoist Centre in Parisdanda in the Capital, he appealed to the leaders and workers following Maoist ideology to unite.

Indicating that it is not possible to reach the goal by being divided and mentioning that the state has moved forward in addressing the issues of martyrs, disappeared persons and injured persons of the people's war, PM Prachanda expressed his commitment that the classification of the injured at the people's war would be done.

"It is said that some individuals are still missing from being listed as injured, they will be included in the list of the injured. The state has supported the families of martyrs, missing and injured, the entire party line should realise that," he said.

Chairman Prachanda, who is also the patron of the foundation, assured that the government will take responsibility of the schools operated by the foundation. He said that the school education bill submitted in the House also covers such schools.

Stating that the foundation is united as per the intention that martyrs should not be divided, he expressed his belief that now all Maoist ideologies will be unified. "A situation is being developed where those who have made the same sacrifices will join the same centre, and the establishment should also try to bring all those who have the objective of scientific socialism together," he said. "The leadership of the new generation will be born from that unity," added PM Prachanda.

Stressing on the positive work done by the Maoist Party and its leadership to be taken to the people, he said that the economic prosperity, good governance and social justice initiated by the government has succeeded in instilling hope in the people.

According to him, the government is working to complete the remaining work of the peace process soon. He also expressed his belief that the bill related to transitional justice will be finalised through consensus, and noted that the model of Nepal's peace process is exemplary for the outside world as well.

 Published in The Rising Nepal daily on 28 January 2024.     

Preparations intensify for April investment summit

 Kathmandu, Jan. 26

The Office of the Investment Board, Nepal (OIBN), the national investment promotion and Public-Private Partnership (PPP) agency of Nepal, has speeded up the final preparations for the upcoming Investment Summit 2024.

To update the stakeholders about the initial preparations the Board along with collaborative partner KPMG in India, organised a workshop on ‘Unlocking Nepal's Investment Potential: Collaborative Strategies for Economic Growth, in Kathmandu on Friday. The workshop was held as the pre-event of the Nepal Investment Summit (NIS) 2024 that is proposed to be held on April 28-29 this year.

The workshop delved into enhancing the investment climate in Nepal through legal, procedural and regulatory reforms as well as the innovative approaches to facilitate private investments including Foreign Direct Investment (FDI) to unleash the country's full potential among the policymakers, private sector, development partners and experts.   

Addressing the workshop, Finance Minister and the Vice-Chairperson of IBN, Dr. Prakash Sharan Mahat, said that the country was pursuing fresh investments in every sector of the economy as the country’s potential are largely untapped and under-utilised.

“As green investment has become a buzzword in recent days, there are not any better investment destinations except Nepal as we emit insignificant and carry potential to serve clean and renewable energy to other countries of the region to minimise emissions in line with their targets,” he said.

Dr. Mahat further said, “Similar potentials are long awaiting to be unlocked in the sector of tourism, agri-business and ICT.”

Stating that there is no ceiling for foreign investment in Nepal, he urged the investors, both national and foreign, to tap into the current policies that priorities Foreign Direct Investment and joint venture initiatives.

Vice-Chairperson of the National Planning Commission, Dr. Min Bahadur Shrestha, highlighted that private investments are crucial for the sustainable and inclusive growth trajectory for the irreversible graduation of Nepal to the league of developing countries by 2026.

Likewise, Chief Secretary of the Government of Nepal, Dr. Baikuntha Aryal, underlined the prompt response based on the feedback of the foreign investors investing in Nepal as well as the private sector is crucial to spreading the message among the potential investors that their investments in Nepal won’t be a loss.

Chief Executive Officer of the IBN, Sushil Bhatta, highlighted that NIS 2024 will provide a platform to onboard serious, potential and capable investors in our investment landscape.

“With its serious efforts, the government has been reviewing the various policies and laws to provide a favourable and better investment climate for unleashing Nepal’s full potential in various sectors including the development of strategic infrastructure in different sectors clean transport, road, tourism, ICT, manufacturing and mining among others,” he said.

Similarly, Acting Governor of the Nepal Rastra Bank, Dr. Neelam Dhungana Timsina, shared information regarding the provisions of recently amended FDI and Foreign Loan Bylaws, which removed the provisions of pre-approval of the central bank to bring in FDI.

Yezdi Nagporewalla, CEO of KPMG in India, underscored that the success of this joint effort between IBN and KPMG delivered a commitment to fostering strategic partnerships and driving sustainable growth for Nepal.

Meanwhile, Minister for Foreign Affairs, NP Saud, said that Nepal should do its homework for the upcoming Investment Summit. Addressing the 'Award for Excellence' programme held on Friday in Kathmandu, he pointed out the need to create an investment-friendly environment and said that more homework is needed.

Minister Saud also said that he was also working to speed up economic diplomacy. He added, "Economic diplomacy is important for the success of the conference and we are working for this."

According to him, it is also necessary to explain the reforms in the investment policy to create an investment-friendly environment to attract foreigners.

Minister Saud said that the investors should be assured that the investment made in Nepal could be profitable, and beneficial and that the profits could be reinvested or safely repatriated back to their country.

The upcoming investment summit will be the third one in the recent series of conferences organised to attract foreign investment in large projects. Earlier, investment conferences were held in 2017 and 2019. 

 Published in The Rising Nepal daily on 27 January 2024.     

Friday, January 26, 2024

Informal economy in Nepal stands at 42.66% of GDP

 Kathmandu, Jan. 25

A recent study conducted by the Central Department of Economics of the Tribhuvan University (TU) has estimated the size of Nepal's informal economy at 42.66 per cent of the Gross Domestic Product (GDP) in the Fiscal Year 2020/21.

The size of Nepali economy then was Rs. 3943 billion. It means according to the estimates, economic and business transactions of about Rs. 1682 billion was done informally that year. Had all the economic activities been formal, the size of GDP then would be Rs. 56.25 which is larger than the current size of economy. The government estimates have maintained that the size of economy in the last FY 2022/23 would be Rs. 5381 billion.

According to Prof. Dr. Shiva Raj Adhikari, Head of the Department, this study presents the potential scope of the informal economy in Nepal using national accounts and Currency Demand Approach. The report is jointly prepared by Prof. Adhikari and Dr. Nirmal Kumar Raut, Associate Professor of the Department.

According to the National Accounts Approach, the average size of informal economy in 2020/21 is 38.6 per cent while the CDA puts it at 41.31 per cent.

However, these approaches have shown opposite trend in terms of the expansion of informal economic activities. The NAA has shown that the size of informal economy has come down to 38.60 per cent of the GDP in 2020/21 from 49.10 per cent in 2010/11. This approach has also shown that the informal activities have increased in the previous two fiscal years and gone up from 37.60 per cent in 2018/19.

But CDA estimated that the size of informal economy has gone up to 41.31 per cent of the GDP in 2020/21 from 35.52 per cent a decade ago.

The study conducted by the Department estimated that the real estate sector was astonishingly highly informal. About 99.97 per cent of the real estate economy, which is Nepal's third-largest contributor to the economy, is informal. It accounted for 9.43 per cent of the GDP in 2020/21.

This industry includes real estate activities involving owned or leased property, fee or contract real estate activities, and owner-occupied dwelling services. "Because of its nature, most of the share is owner-occupied dwelling service, which is treated as informal," read the study.

Another highly informal area of the national economy is agriculture, forestry and fishing which is 96.48 per cent. However, agricultural activities have been more formalised in recent years.

Other highly informal sectors are accommodation and food service 50.42 per cent, and arts and entertainment 33.69 per cent.  

Informal Economy by Sectors (Average 2010/11-2020/21)

Sectoral Classification

Share of Informal Economy (% of GDP)

Agriculture forestry and fishing

96.48

Mining and quarrying

4.9

Manufacturing

16.36

Electricity, gas steam and air conditioning supply

14.99

Water supply, sewerage, waste management and remediation activities

2.14

Construction

16.26

Wholesale and retail trade; repair of motor vehicles and motorcycles

14.87

Transportation and storage

0.63

Accommodation and food services activities

50.42

Information and communication services activities

0.13

Finance and insurance activities

0.11

Real estate activities

99.97

Professional scientific and technical activities

3.10

Administrative and support service activities

8.66

Public administration and defense; compulsory social security

0.00

Education

0.19

Health and social work

0.33

Arts, entertainment and recreation etc.

33.69

Source: Size of informal economy in Nepal

The study suggested that given the extent of the informal economy shown in the study, further research is needed to understand the nature, type and coverage of the informal economy in Nepal. A survey-based study is needed to further diagnose the identified areas where such informal transactions are prevalent.

"Given that Nepal shares a 1770- kilometer open border with India and that the significant cross-border trades are informal, it may also be helpful to understand how such informal transactions are carried out by businesses operating in the bordering areas," suggested the study.

This may involve interviewing stakeholders from the local level in bordering areas (such as small businesses, and security and customs officials, local community) to those at the national level (such as big traders and manufacturers, and security and customs officials).

 Published in The Rising Nepal daily on 26 January 2024.     

Nabil launches entrepreneurship loan targeting returning migrants

Kathmandu, Jan. 25

Nabil Bank has launched a special entrepreneurship loan product to support the returnee Nepali migrant workers in establishing and running business in the area they are proficient.

Minister for Labour, Employment and Social Security, Sharat Singh Bhandari, and Chairman of the bank, Upendra Prasad Poudyal jointly launched the product - Nabil Skilled Migrant Entrepreneurship Loan - at a programme organised in Kathmandu on Thursday.

The loan is designed for income-generating activities or enterprise that offers flexible features such as loan limit up to Rs. 100 million for tenure of up to 10 years.

The bank said that it provides attractive interest rate for the product which is 1.50 per cent over base rate. In addition to that, there will be an efficient approval process of loan from minimum of 3 to 5 days to ease and facilitate returnee migrants.

"The bank believes that the loan scheme plays vital role in addressing the unique financial needs of returning immigrants, promoting entrepreneurship through their acquired knowledge and expertise. By actively participating in national development efforts, Nabil Bank aims to create an environment that nurtures returning migrants in pursuing their business goals and contributing to the country's economic growth," said the bank.

Speaking on the occasion, Minister Bhandari said that foreign employment has become highly competitive but Nepali workers are less competitive in skill, technology and language.

He highlighted the government's initiative to curb brain drain and encouraged youths to return home and be part of positive change. He further emphasized that the government is working closely with the private sector to motivate more Nepali settled abroad to return home and start businesses.

Stating that Nabil Bank’s initiative in introducing such programme is praiseworthy, he said, “Financial support is the key support in establishing business and the commitment that Nabil Bank is making to providing easy, accessible and subsidized loan to returnee migrants will definitely help on the government’s drive to returning youths to home country.”

According to Minister Bhandari, returnees are more skilled and responsible in their economic and social dealings, and the country needed a system to certify their skill and opportunities to further enhancement of skills.

Kewal Prasad Bhandari, Secretary of the Ministry of Labour, Employment and Social Security (MoLESS), said that various programmes are being implemented with the support from the destination countries like Japan and Korea to provide support to the returnee migrant.

"Most of the returnees need small financial support, our surveys have shown. So, they should be supported in the production, promotion and marketing their products," he said.

He also informed that the government is taking various initiatives to utilize the capital and skills of Nepalis who have returned to Nepal and Nabil’s product will further help them transform their skills into enterprise.

Likewise, Poudyal said that the launch of ‘Nabil Skilled Migrant Entrepreneurship Loan' represents a significant two-year milestone in sustainable banking, expanding Nabil Bank's range of products that support local economies and small businesses.

Gyanendra Prasad Dhungana, CEO Nabil Bank, said, “The loan product addresses the financial hurdles faced by returning migrants, aiding their reintegration into the community.”

He believed that the product will provide support during the transition back to Nepal in financing while Nabil School of Social Entrepreneurship will help acquire returnees to learn required knowledge to start enterprises.

The bank has 266 branch networks, 22 extension counters with 313 ATM machine serves above 1.8 million customer base across the country.

 Published in The Rising Nepal daily on 26 January 2024.     

Australian Envoy calls on president

 Kathmandu, Jan. 25

Ambassador of Australia to Nepal, Felicity Jane Volk, paid a courtesy call on the President of Nepal, Ramchandra Paudel on Thursday. During the meeting, bilateral relations between Nepal and Australia, mutual interests and concerns were discussed, informed Spokesperson of the Office of the President, Shailaja Regmi Bhattarai in a statement.

On the occasion, President Paudel said that he was confident that Australia's support for the social and economic development of a land-locked and underdeveloped country like Nepal will increase in the future not only as a prosperous economy in South East Asia and the Pacific region but also because Australia has an important presence on the world economic stage.

 Published in The Rising Nepal daily on 26 January 2024.     

Traders demand scrapping of customs manual

 Kathmandu, Jan. 24

The Nepal Foreign Trade Association (NFTA) has demanded the removal of the customs manual on valuation (database) used by the customs offices recently.

"The manual has added challenges the guidance of the World Trade Organization to recognise the transaction value, and has legitimised the misappropriation of foreign currency," President of NFTA, Binod Kumar Sethia said in an interaction organised by the Association on the occasion of the 72nd International Customs Day in Kathmandu on Tuesday evening.

He also emphasised on the stability of customs policy and leadership. "There is no indication of when the policy will be changed. Due to this, domestic and foreign investors are always suspicious. What kind of prosperity are we trying to achieve on the basis of political instability?'' Sethia asked.

He demanded that the harmonic system code of 10 digits should be maintained for the classification of goods, and said that the practice of changing the classification for the purpose of collecting more tax should be ended.

Stating that high customs duty is promoting unauthorised trade, he suggested that customs should be levied on the unit of imported goods to reduce under-invoicing and to protect the domestic industry.

According to Sethia, if discounts are given on the air cargo while determining the customs duty of goods entering the country from air cargo, traffic will increase at the Gautam Buddha International Airport in Bhairahawa and Pokhara International Airport.

He demanded that the import and export (EXIM) code number should be valid for five years, and the rules for canceling the EXIM code of companies that have stopped trading should be simple. He emphasized on the need to increase mutual trust between the government and the private sector to control the import and trade of duplicate goods.

Stating that import has decreased but revenue has increased recently, he said that when economic activity, industry, and trade increase, revenue increase will be sustainable and natural.

Dr. Krishna Hari Pushkar, Secretary of the Ministry of Finance expressed his commitment to solve the real problems raised by the NFTA immediately by discussing with the relevant agencies. Saying that businessmen also have problems, he advised businessmen to work honestly.

Dr. Pushkar also said that he is ready for the reforms in the law and technology upgrades.

Vice President of the Confederation of Nepalese Industries (CNI) suggested increasing the number of goods imported through the green channel of customs, reducing the time taken at the customs point, and implementing the system of trusted trader in various places including customs.

He said that the country should promote domestic production by discouraging the import of the goods that the country is self-reliant of has the potential to be self-sufficient in.

Hemraj Dhakal, VP of the Federation of Nepalese Chambers of Commerce and Industry, emphasised the need to review the SAFTA and customs tariff rates. He also said that revenue should be increased by increasing business activities.

The Director General of the Inland Revenue Department, Dirgha Raj Mainali, said that structural changes are taking place in the tax system. He said that he is always ready to listen to the problems and complaints of the tax sector and asked them to talk to him directly in case of any problem.

Director General of Customs Department, Shobhakant Paudel, said that the problem has arisen due to lack of clean and transparent trade. 

 Published in The Rising Nepal daily on 25 January 2024.     

Ncell Lux number on Galaxy S24 pre-book

Kathmandu, Jan. 24

With the announcement of pre-order of Galaxy S24 series smartphones, Ncell is offering attractive bundling services and special facilities to Ncell users.

Under this partnership, the first 500 customers who pre-book the Samsung Galaxy S24 Series will get Ncell special LUX number as per their choices, the company said in a statement on Wednesday.

Samsung Nepal on Friday started taking pre-orders for the Galaxy S24 Series. Apart from premium Ncell numbers, customers who pre-order this smartphone receive 70 minutes all net voice, 700 MB data, and 70 SMS every day for free for a period of six months.

Umair Mohsin, Chief Commercial Officer of Ncell said, “Galaxy S24 Series is all the more special as we are offering Ncell premium number on pre-orders. We are excited to partner with the leading global tech company committed to innovation and cutting-edge technology opening new possibilities.”

The Galaxy AI in the series offers varied on-device experiences such as AI Live Translate in call and in person, Circle to search for better search results, Note Assist and Transcript Assist that makes everyday life much simpler. These features ensure advanced security, privacy and the device is the strongest ever with Titanium build.

 Published in The Rising Nepal daily on 25 January 2024.     

National action plan on business and human rights launched

Kathmandu, Jan. 23

The Ministry Ministry of Labour, Employment and Social Security (MoLESS) has launched the National Action Plan on Business and Human Rights (NAP-BHR), which is termed as a significant milestone in promoting responsible business and strengthening human rights standards in Nepal.

Sharat Singh Bhandari, Minister of the Labour, launched the National Action Plan (NAP) at a programme organised by the Ministry and United Nations Development Programme (UNDP) which provided technical support for the formulation of the action plan.

The NAP-BHR was initially endorsed by the government on 27 December 2023. "It is a clear commitment from the Government of Nepal to promote economic development while safeguarding the rights of its citizens and the environment," said the Minister.

“The private sector affects the daily lives of every individual in Nepal, For this reason, it is important to ensure that businesses respect human rights throughout their operations,” he added.

The NAP was developed in alignment with national provisions and commitments to human rights, as well as international human rights standards like the UN Guiding Principles on Business and Human Rights (UNGPs) – the most authoritative and widely adopted set of principles for responsible business, unanimously endorsed by the UN Human Rights Council in 2011.

It outlines expectations and duties of the government and businesses in Nepal to respect, protect, and fulfil human rights through a comprehensive set of actions to across six thematic areas – labour rights, migrant workers’ rights, consumer protection, environment and Indigenous People’s rights, women and children’s rights, and non-discrimination, gender and social inclusion.

During the launch event, there was a unified call for collaboration and coordination for the successful implementation of the NAP.

“This milestone presents a clear opportunity for diverse stakeholders to come together to enhance responsible business through a collaborative process over the next five years,” said Ayshanie Labé, UNDP Resident Representative for Nepal. “UNDP remains committed to supporting the Government of Nepal in implementing the National Action Plan,” she said.

The National Action Plan aims to support companies in managing human rights risks within their operations and supply chains, ensuring they are prepared for an accelerating global shift toward responsible business conduct.

Increasingly, leading global economies are taking action to promote responsible supply chains, for example through the Government of Japan’s Guidelines on Respecting Human Rights in Responsible Supply Chains or the European Union’s Corporate Sustainability Due Diligence Directive. The adoption of the National Action Plan by the Government of Nepal sends a strong narrative to investors that Nepal is a good place to do business.

The National Action Plan is the outcome of collaboration between MoLESS, UNDP in Nepal, and other partners, supported by the Government of Japan and the Government of Norway.

This collaborative effort adopted a rigorous, participatory approach, including a series of consultation workshops, focus group discussions, and technical working group discussions to solicit feedback from businesses, civil society organizations (CSOs), international experts, and others on drafts of the action plan to ensure its quality and effectiveness, said the MoLESS. 

 Published in The Rising Nepal daily on 24 January 2024.     

Regional disarmament meeting begins in Kathmandu

 Kathmandu, Jan. 23

The Regional Preparatory Meeting for the Fourth Review Conference on the United Nations Programme of Action to Prevent, Combat and Eradicate the Illicit Trade in Small Arms and Light Weapons (SALW) in All Its Aspects (UN PoA) and its International Tracing Instrument (ITI) kicked off in Kathmandu on Tuesday. The event will run until Thursday, 25 January.

The meeting is attended by delegations from over 25 countries including the President Designate of the Fourth Review Conference, Maritza Chan Valverde of Costa Rica, and Izumi Nakamitsu, UN Under-Secretary-General and High Representative for Disarmament Affairs.

The UN PoA, established in 2001 at the UN General Assembly, is a critical, politically binding framework. It encompasses commitments by Member States to enhance control measures over small arms, including through improved national regulations, stockpile management, import/export controls, and international cooperation, the United Nations Nepal Office informed in a statement.

Accoridng to it, the introduction of the ITI in 2005 further strengthened this framework, by emphasizing the need for effective marking and record-keeping of weapons, thus aiding in their traceability. These measures are integral to the global effort in addressing the challenges posed by the illicit arms trade and align with the objectives of the 2030 Agenda for Sustainable Development.

UN Member States periodically review progress on these commitments, with the Fourth Review Conference (RevCon4) scheduled from 17 – 28 June 2024 in New York. A Preparatory Committee meeting (PrepCom) to lay the groundwork for that meeting will take place from 12 to 16 February.

In anticipation of RevCon4, the United Nations Regional Centre for Peace and Disarmament in Asia and the Pacific (UNRCPD), in collaboration with the Government of Nepal, is organising the preparatory regional meeting in Kathmandu.

"The regional meeting will provide a forum for participating States and other stakeholders, including civil society organisations, to identify region-specific SALW-related challenges and discuss priorities for RevCon4," read the statement.

Addressing the review conference, Minister for Foreign Affairs of Nepal, NP Saud, said that the members should focus on four priority areas – strengtheining national capacities, actively promoting regional initiatives to address the armed-related challenges, adapting strategies and regulations to counter thrests posed by homemade firearms, and engage women, youth, civil society and private sector in the initiative.

According to him, since the adoption of the Programme of Action, several initiatives have been taken at the global, regional, national and local levels to address the illicit trade and use of small arms and light weapons in all its aspects. These efforts encompass a spectrum of measures, ranging from strengthening of legal frameworks, enhancing border controls, fostering international cooperation and collaboration in exchanging information.

"However, in more than two decades of the adoption of the Programme of Action, the illicit trade and use of small arms and light weapons persists as a widespread security challenge. In fact, the gravity of this issue appears more pronounced than ever," said the Foreign Minister.

Whatever the reason, the reality is that we are yet to grasp the essence and momentum of the Programme of Action, maintained FM Saud.

"In the context of Nepal, we are dealing this issue with a careful and concerted effort. Nepal’s commitment to disarmament is total and unequivocal. It is one of the objectives of Nepal foreign policy as well," he stated.

The three-day meeting will feature thematic presentations and group discussions on various themes, such as developing effective national policies, enhancing tracing of small arms and light weapons through the ITI framework, and identifying and developing strategies to curb the supply and demand of SALW.

According to the UN, the meeting, it also offers a unique opportunity for participating States and regional organizations of Asia-Pacific to engage in constructive discussions on combating terrorism, illicit trafficking, and transnational crimes within the framework of the PoA, and contribute to countries’ mandatory national reports.

 Published in The Rising Nepal daily on 24 January 2024.    

NAM remains relevant even today: PM

Kathmandu, Jan. 21

Prime Minister of Nepal Pushpa Kamal Dahal 'Prachanda' said that the relevancy of the Non-Aligned Movement (NAM) has not diminished in the present day world order.

"To make the world system just and equitable, and to guarantee freedom, independence and geographical integrity to all countries, the importance of the non-aligned movement remains the same as it was in the past for all communities across the world in order to achieve prosperity and live a happy life," he said while speaking with the media at the Tribhuvan International Airport on Sunday upon his return from the 19th Summit of the NAM held in Kampala of Uganda.

The NAM was developed as the third strand in favour of freedom, independence and economic development in the aftermath of the Second World War when the world system was divided into two poles.

"Although there are some doubts about the relevance of the Movement, it has a major role in the current world with problems such as inequality, neo-colonialism, geopolitical conflicts, and poverty," said PM Prachanda.

Meanwhile, speaking at the closing ceremony of the summit, UN Secretary-General António Guterres appreciated the non-aligned countries' great contribution to making the world order fair, inclusive and equitable, and said that its relevance has increased even more in the current world environment. .

PM Prachanda's delegation to the NAM Summit included Foreign Minister NP Saud, Prime Minister's Foreign Affairs Adviser Dr. Rupak Sapkota, Foreign Secretary Sewa Lamsal, Permanent Representative of Nepal to the United Nations, and other officials of the Ministry of Foreign Affairs.

Nepal is one of the founding countries of the NAM and it has participated in the Bangdong Conference in 1955 when the Asia-Africa Conference passed the 10-point principles that laid the foundation of the Movement.

Since its inception, Nepal has been represented at the highest level in all the summits of the Movement and presented its independent point of view. "Non-alignment and its principles remain as the basic principles of Nepal's foreign policy. Based on this, despite the complex situations internationally, we have adopted an independent foreign policy with an organic approach in all cases," said PM Prachanda.

In his address to the NAM Summit, he recalled that the leaders of Asia and Africa presented the basic values of conducting international relations through the Bangdong Conference in the atmosphere of the uneasy Cold War between the two superpowers about seven decades ago, and emphasized that the NAM has played an important role in enhancing the political freedom of many countries, ending colonialism and protecting sovereignty.

"Likewise, the NAM is a platform for deepening mutual cooperation. Through this, I emphasized that efforts should be made to achieve global prosperity by enhancing mutual cooperation and understanding," he said.

Noting that the principles of the Movement and its values and beliefs are important for Nepal, PM Prachanda clarified that its observance is a guide to achieving peace, harmony and a prosperous world, as well as being a basic principle of foreign policy. "I said that this Movement has contributed to increase the respect and reputation at the international level in order to enhance mutual harmony, cooperation and cooperation between us," he said.

Stating that the economic revival has not been able to pick up enough speed in the post-COVID scenari, the Prime Minister expressed his concern to the growing geo-political polarisation and fighting and climate change that are causing more damage to small and developing countries.

"Even though Nepal itself is in the process of being upgraded from a least developed country, it is faced with multifaceted challenges. From the perspective that least developed countries need strong support and cooperation from development partners, I have strongly raised the issue that the NAM should emphasize the achievement of the Sustainable Development Goals, the Paris Agreement and other internationally agreed development goals in time to achieve the economic development and prosperity of the developing countries of the world," he said.

According to the PM, he emphasized that the world economic and financial structure should be reformed in order to to ensure the necessary financial resources for the economic progress of developing countries, and the NAM should play a leading role in reforming the international trade structure, and the United Nations, so as to favor the interests of developing countries.

"Developed countries must meet the financial competitiveness of developing countries. By ensuring everyone's access and participation in international trade, even less developed countries should be able to realize its benefits," said PM Prachanda and added that he had emphasized that the NAM, as the largest representative organization after the United Nations, should play an important role in playing a just role for stability and prosperity.

PM Prachanda said that the Himalayas are home to 15 per cent of the world's population and 50 per cent of earth's biodiversity. He said, "Mountains are very important for the living creatures of the world. Nepal, a mountainous country, is in the grip of climate change."

He also reiterated the issue that Nepal has been advocating for the protection of the Himalayas and mountain ecosystems and the human communities living there, and also called on them to support the voice of the Himalayas.

While in Kampala, PM Prachanda interacted with the Nepali community there and discussed about the existing opportunities and challenges for Nepalis in Uganda and African continent.

In the sidelines of the summit, he met President of Sri Lanka, Ranil Wickremesinghe and held a bilateral delegation-level discussion on the occasion.

On the occasion, he emphasized on the need to make the South Asian Regional Cooperation Organisation (SAARC) active and dynamic, and said that a common role should be played for that. The two delegations also talked about conducting direct flight from Sri Lanka to Gautam Buddha International Airport. 

 Published in The Rising Nepal daily on 22 January 2024.    

PM discusses regional collaboration with Sri Lankan President

 Kathmandu, Jan. 20

Prime Minister Pushpa Kamal Dahal 'Prachanda' has met President of Sri Lanka, Ranil Wickremesinghe at the sideline of the 19th Summit of the Non-Aligned Movement (NAM) that concluded on Saturday in Kampala of Uganda.

The two leaders held a bilateral delegation-level discussion on the occasion.

In the meeting, Prime Minister Prachanda said that since Nepal and Sri Lanka stand together in matters of non-aligned foreign policy, it is necessary for both countries to forge collaboration in matters of regional issues and interests.

He also emphasized on the need to make the South Asian Regional Cooperation Organisation (SAARC) active and dynamic, and said that a common role should be played for that. PM Prachanda stressed that regional cooperation and issues of common interest should be addressed by making SAARC dynamic.

The two delegations also talked about conducting direct flight from Sri Lanka to Gautam Buddha International Airport.

Sri Lankan President Dr. Wickremesinghe said that Sri Lanka will continue to support in the process to revive the SAARC and stressed on the need for cooperation between Nepal and Sri Lanka in regional interests and common economic activities.

The Nepali delegation included Foreign Minister NP Saud, Prime Minister's Foreign Affairs Adviser Dr. Rupak Sapkota, Foreign Secretary Sewa Lamsal and other officials of the Ministry of Foreign Affairs.

PM Prachanda had left for Kampala on Thursday, January 18. Addressing the summit with the theme 'Deepening global cooperation for shared global affluence' on Friday, PM Prachanda suggested for a reform in the global financial architecture in order to enable countries in special situation to secure finance in achieving their development visions.

He demanded that the developed nations should fulfill their financing commitment without delay.

PM Prachanda also said that the NAM must focus on economic development and prosperity of its members the timely achievement of the Sustainable Development Goals (SDGs). He called for south-south cooperation capitalizing on the technological and socio-economic development achieved by the NAM members, and removing institutional capacity constraints faced by developed and least developed countries.

Meanwhile, speaking to media after the summit in Kampala, PM Prachanda said that while the movement was the result of the Cold War, its relevancy has been increased in the current situation where the world has been facing multiple war and polarisation.

"Speaking at the summit, various leaders have said that the relevancy and importance of NAM has increased," he said.

He also said that during a brief encounter with Indian External Affairs Minister, Dr. S. Jaishankar, he said that Nepal and India should expedite the process to implement Pancheshwor Project in order to achieve shared prosperity.

Nepal is a founding member of NAM and has been attending the NAM summit  actively  since  its  establishment in 1961. PM Prachanda will return home on Sunday. 

 Published in The Rising Nepal daily on 21 January 2024.   

Developing nations need to focus on climate change: Chaudhary

 Kathmandu, Jan. 20

Nirvana Chaudhary, Managing Director of Chaudhary Group, said that since less developed countries including Nepal are suffering from the effects of climate change, the first world should pay serious attention to this.

Speaking at the World Economic Forum in Davos of Switzerland representing the Nepali private sector on Friday, he emphasized that the countries of the world should join hands and move forward to minimise the negative impacts of climate change which has become a serious challenge.

Chaudhary was the only participant from the Nepali private sector at the Forum that deliberated upon the important global agenda.

Speaking at the 'Alpine Economies at 2C' session, Chaudhary said that the world should consider climate change as the main challenge of the present time as the global warming is affecting the Himalayan and mountainous countries like Nepal at a rapid pace.

"Nepal has been experiencing the harmful effects of climate change. Our glaciers are beginning to recede. We have started experiencing the effects of extremely cold weather in the Himalayan region and extremely hot weather in the Tarai (southern plain) region," he said while stating that in the future, there will be a lack of water for agriculture and hydropower, as well as for household supply.

He said that to deal with the climate change, it is necessary to create a climate problem solution platform that includes all aspects focused on mountain communities. In addition, it is necessary to bring sustainable projects with a focus on the Himalayan community together with corporate and charitable organizations, he said.

About three decades ago, Chaudhary's father, Binod Chaudhary, Chairman of Chaudhary Group and Member of Parliament, had participated in the World Economic Forum. Binod was given the title of 'Global Leader for Tomorrow'.

In 2021, the World Economic Forum nominated Nirvana as a 'Young Global Leader (YGL)'. 

 Published in The Rising Nepal daily on 21 January 2024.   

Vaidya Energy launches new Ather showroom

Kathmandu, Jan. 20

Vaidya Energy has launched its second Experience Centre (showroom) of Ather Scooter in Jhamsikhel of Lalitpur district.

"Following the successful launch of Service Center at Tinkune just a week ago, this latest addition marks a significant milestone in our commitment to revolutionizing urban commuting with sustainable solutions," said the company.

At the new showroom in Jhamsikhel customers can explore the entire range of Ather Electric Scooters and experience cutting-edge technology firsthand.

The company also said that it will launch another Centre in Pokhara by February, followed by more in Chitwan, Butwal, and Itahari within the next four months.

"In tandem with our Experience Center openings, Ather Energy Nepal is committed to bolstering the charging infrastructure across Nepal," said the company.

The company plans to install a total of 10 chargers in Kathmandu ensuring convenient access to charging facilities. Additionally, each of the upcoming cities—Pokhara, Chitwan, Butwal, and Itahari —will receive four chargers, contributing to a robust network that empowers Ather Electric Scooter users to explore every corner of the country with confidence, sustainable and accessible infrastructure.

According to the company, Ather scooters are designed for a new generation of riders who demand style, performance, and sustainability.

Vaidya  Energy has successfully launched its leading model, the 450X with two battery choices: 2.9 kWh and 3.7 kWh, catering to a broader spectrum of customer preferences.

 Published in The Rising Nepal daily on 21 January 2024.   

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