PM Oli highlights leader Tulsilal’s principled politics

 Kathmandu, Aug. 2

Prime Minister KP Sharma Oli emphasised the need to move forward with strong determination to fulfil the aspirations of the pioneers and martyrs of the left-democratic movement.

Speaking at the 28^th Tulsilal Memorial Day organised in Lalitpur on Saturday by the Tulsilal Memorial Foundation, he underlined that the present generation must advance with commitment to realise the patriotic movement and the dream of national prosperity.

Prime Minister Oli, who is also the Chairman of the CPN (UML), stated that it is necessary to follow the ideals set by Tulsilal, who stood for principled and selfless politics. He recalled that the constitution of Nepal was framed by the Constituent Assembly on the foundation of the long-standing vision of the leaders who fought to establish a republic.

During the event, the winners of the valley-wide inter-school quiz competition, organised by the foundation, were awarded.

A book by Professor Shyam Sundar Sherpa on the teachings of the Buddha was also launched.

Published in The Rising Nepal daily on 2 August 2025.

Less than 3 per cent of aspiring migrant workers receive skill training: Report

Kathmandu, Aug. 1

Skill training for aspiring migrant workers has not been a priority for the government and other stakeholders.

According to statistics published by the Department of Foreign Employment (DoFE) and the Foreign Employment Board (FEB), only a small portion of youth willing to go for foreign employment have been provided with skill development training.

The FEB informed on Thursday that from the Foreign Employment Welfare Fund, 14,458 youth planning to fly overseas as migrant workers were trained on skill development and entrepreneurship in the last Fiscal Year 2024/25. This number is 96.38 per cent of the annual target of the Board.

But in terms of the total labour permits issued by the DoFE, this training has reached only about 2.9 per cent of the aspiring migrant workers.

A total of 493,312 youth obtained new 'labour permit' – 133,634 individual and 359,678 agency – to work abroad in the last fiscal year. Likewise, 333,305 obtained a re-entry permit from the DoFE. Including 12,653 individuals obtaining the permit to work in South Korea, Israel and the United Kingdom under the Government-to-Government programme, 839,270 individuals obtained the labour permit.

Against this massive number, skill training reached only a small fraction.

Numbers are not encouraging in terms of upskilling the returnee migrant workers as well. Only 4,561 such returnees have been trained.

The FEB had targeted to train and upskill only 15,000 and 5,000 with willing to go for foreign employment and returnees, respectively.

At the press conference, the Board informed that it had set the target according to the available resources. For the current year, it has received the allocation of only Rs. 315 million for study and skill development training.

According to the DoFE statistics, 61 per cent of the Nepali workers going for jobs abroad in FY 2024/25 were classified as skilled, while 72 per cent (of 741,297 workers) who went abroad in 2023/24 were skilled.

Published in The Rising Nepal daily on 2 August 2025.

Nepali, Chinese leaders hail Nepal-China diplomatic ties

 70^th anniversary of establishment of Nepal-China diplomatic relations

Kathmandu, Aug. 1

Congratulatory messages have been exchanged between Nepal and China at the high level on the occasion of the 70^th anniversary of the establishment of diplomatic relations between the two nations.

The Ministry of Foreign Affairs (MoFA) of Nepal said in a statement on Friday that high-level dignitaries from both countries exchanged congratulatory messages, marking seven decades of mutual respect, partnership and peaceful cooperation.

President of Nepal, Ramchandra Paudel, conveyed his congratulations to his Chinese counterpart Xi Jinping and extended best wishes to the government and people of China.

In his message, President Paudel reflected on the ‘time-tested friendship’ between the two nations, underpinned by mutual trust, sovereign equality and peaceful coexistence. He also expressed Nepal’s readiness to work with China to realise a shared vision of peace, progress and prosperity, while calling for deeper cooperation, enhanced connectivity and broader collaboration in various areas of mutual interest.

Likewise, Chinese President Xi, in turn, sent his congratulations and best wishes to President Paudel, the Nepali government and its people.

Emphasising the deep-rooted bonds between the two neighbours, President Xi noted that China and Nepal, connected by mountains and rivers, have long exemplified friendly exchanges, read the statement issued by the MoFA.

President Xi praised the two countries for setting a model of peaceful coexistence despite their different social systems and national sizes. He highlighted the growing political trust between the two nations, fruitful collaboration under the Belt and Road Initiative, and the strengthening of the China-Nepal Strategic Partnership of Cooperation featuring everlasting friendship for development and prosperity.

He called for renewed efforts to foster bilateral cooperation, strengthen exchanges and deliver tangible benefits to both peoples.

Meanwhile, Prime Minister KP Sharma Oli also extended his greetings to President Xi where he lauded the trouble-free relations Nepal and China have enjoyed for seven decades. Affirming Nepal’s commitment to the One China Policy, he expressed appreciation for China’s enduring respect for Nepal’s sovereignty, territorial integrity and political independence.

Prime Minister Oli described China as a close neighbour and a trusted development partner, underscoring Nepal’s deep regard for the historic state visit of President Xi in 2019, and his multiple visits to China, said the MoFA.

He stressed the importance of high-level exchanges in building political trust and advancing cooperation in cross-border connectivity, infrastructure, trade and transit, disaster management, agriculture, health and green energy.

Prime Minister Oli reaffirmed Nepal’s commitment to implementing past agreements to deliver real benefits to citizens.

In a separate message to Chinese Premier Li Qiang, PM Oli acknowledged China’s strides towards national rejuvenation and modernisation, and expressed a desire to further strengthen mutually rewarding cooperation.

Premier Li Qiang reciprocated with a message commending the consistent and steady growth in bilateral ties and cooperation over the years. He affirmed China’s commitment to work closely with Nepal to accelerate high-quality Belt and Road cooperation and expand bilateral collaboration across all fields.

Nepal’s Foreign Minister Dr. Arzu Rana Deuba, also extended her greetings to her Chinese counterpart Wang Yi. She highlighted the multifaceted ties between the two nations and expressed appreciation for China’s support in Nepal’s development. She also expressed Nepal’s interest in working with China on shared challenges, including building resilience to transboundary climate risks.

Likewise, Wang Yi, in his message to FM Dr. Rana, affirmed the enduring friendship and mutual understanding between the two countries and reiterated China's commitment to strengthening the China-Nepal Strategic Partnership of Cooperation.

Nepal and China formally established diplomatic relations on 1 August 1955.

Published in The Rising Nepal daily on 2 August 2025.

Manish new president of CNIYEF

Kathmandu, Aug. 1

Manish Shrestha has been elected as the President of the Young Entrepreneurs Forum of the Confederation of Nepalese Industries (CNIYEF).

The Forum informed in a statement that its annual general meeting, held in Pokhara on Friday, elected a new executive committee under Shrestha’s leadership for the year 2025/2026.

Shrestha, the founder of Kazi Studio, has been involved with the forum for the past four years.

Outgoing president Ashish Agrawal administered the oath of office to the newly elected president and officially handed over responsibilities.

Members of Shrestha’s executive committee include Sugam Ghimire, Punit Agrawal, Nida Doon Mall, Yash Agrawal, Ankur Agrawal, Chirag Sarawagi, Saini Khetan, and Sujit Regmi.

During the annual general meeting, Sudaya Kant Jha was awarded for being the most active member. CNIYEF Lumbini received an award for enrolling the highest number of new members. Manish Shrestha, Sujit Regmi, and Arun Agrawal were presented with tokens of love for representing the forum at SAARC Tank Nepal.

Established in 2008, the Young Entrepreneurs Forum is the youth wing of the Confederation of Nepalese Industries. The forum prioritises encouraging and promoting young entrepreneurs.

Published in The Rising Nepal daily on 2 August 2025.

Prime Minister leaving for Turkmenistan tomorrow

Kathmandu, Aug. 1

Leading a Nepali delegation to the Third United Nations Conference on Landlocked Developing Countries (LLDC3), Prime Minister KP Sharma Oli is leaving for Turkmenistan on Sunday, August 3.

The Conference is being held in Awaza, Turkmenistan from 5 to 8 August, the Ministry of Foreign Affairs (MoFA) informed in a statement on Friday.

PM Oli was invited to the Conference by Serdar Berdimuhamedov, President of Turkmenistan, and Antonio Guterres, United Nations Secretary-General.

He is scheduled to address the Conference as the Chair of the Global Coordination Bureau of the Least Developed Countries (LDCs), and in a national capacity. He will also co-chair a high-level roundtable of the Conference and address other events.

“Besides, the Prime Minister will meet heads of delegations from various countries and other high-level dignitaries of the UN and other international organisations on the margins of the Conference,” read the statement.

PM Oli will be accompanied by his spouse Radhika Shakya, Chief Adviser Bishnu Rimal, Member of the Federal Parliament Surya Bahadur Thapa Kshetree and other high-ranking government officials during the visit.

The Prime Minister will return to Nepal on August 8.

Published in The Rising Nepal daily on 2 August 2025.

PM Oli urges young entrepreneurs to stay determined, optimistic

Kathmandu, July 31

Prime Minister KP Sharma Oli has called on young entrepreneurs to remain determined and optimistic about the future, and said that their efforts will play a crucial role in achieving the national aspiration of 'Prosperous Nepal, Happy Nepali'.

Speaking at the ‘Startup Entrepreneurs with the Prime Minister’ programme organised today by the Industrial Enterprise Development Institute at the Prime Minister’s Residence in Baluwatar, he stressed the importance of forward-looking optimism.

“If we abandon the development and course for future, nothing will remain. Therefore, we must move ahead with confidence, with an aim of making Nepal a bright and developed nation,” he said.

According to him, Nepal will achieve the status of a developing nation by 2026, and will then move on to becoming a developed country.

"No one else will come and build our country for us, we must do it ourselves. Through the development and practice of technology, we can achieve modernisation and increase productivity,” said PM Oli. “If we all commit to this, we can do it. Nepal can be built.”

During the programme, the Prime Minister also visited various stalls showcasing a wide range of products by Nepali entrepreneurs.

Published in The Rising Nepal daily on 1 August 2025.

GBIA, PIA national pride infrastructures

Kathmandu, July 31

Minister for Culture, Tourism and Civil Aviation, Badri Prasad Pandey, has said that Gautam Buddha International Airport (GBIA) and Pokhara Regional International Airport (PIA) should now be recognised as national pride infrastructures.

Speaking during a discussion, organised by the Federalism Enablement and National Concerns Committee of the National Assembly of the Federal Parliament, on national pride projects under the Ministry of Culture, Tourism and Civil Aviation (MOCTCA), he said that although the Ministry oversees five major projects, the construction of the two newly built international airports has been completed.

“The country must now acknowledge these projects as symbols of national pride and begin to reap benefits from them,” he added.

Minister Pandey also expressed the government's commitment to advancing work on the master plans of Pashupatinath and Lumbini. He mentioned that although the Nijgadh International Airport project has already been designated a national pride project, its construction remains uncertain.

However, he reaffirmed the necessity of the airport for the country and said the government would move forward with a clear construction and operational modality.

Commenting on the underperformance of GBIA and PIA, Minister Pandey said the problems lay not only in air routes but also in the failure of various government bodies to implement the operational plans already prepared by the government.

After a long hiatus, Minister Pandey also noted that all aircraft belonging to Nepal Airlines are currently in operation, and discussions are underway to add more aircraft to the national carrier’s fleet.

Published in The Rising Nepal daily on 1 August 2025.

Panel formed to draft regulation to maintain budget discipline

Kathmandu, July 30

The Ministry of Finance (MoF) has formed a task force to draft legislation aimed at strengthening budgetary discipline.

The task force is headed by Mahesh Baral, Chief of the Financial Federalism Coordination Division at the Ministry. Members of the task force include Under-Secretaries from the Budget Division and the Law and Decision Division of the MoF, and former Joint Secretary Nirmal Hari Adhikari, who joins as a subject-matter expert. The role of Member Secretary is held by an Under-Secretary from the Financial Federalism Division, the MoF informed in a statement on Wednesday.

Clause 359 of the budget for the current fiscal year 2025/26 outlines objectives such as enhancing the efficiency of allocations to improve the effectiveness of public finance, increasing public expenditure outcomes through budget discipline, and strengthening cash flow management to maintain a balanced federal consolidated fund.

It also mentions the productive and sustainable utilisation of public debt and the implementation of the National Financial Management Reform Strategy.

Furthermore, Clause 371 of the budget outlines the need to draft legislation to strengthen budget discipline at the federal, provincial, and local levels, in line with constitutional provisions. It also calls for the formulation of public expenditure standards applicable across all three tiers of government.

The MoF has formed the task force to implement these budget provisions.

Published in The Rising Nepal daily on 31 July 2025.

Nepal hosting ‘JCI South Asia Business and Investment Meet'

Kathmandu, July 30

The JCI Nepal is organising JCI South Asia Business and Investment Meet 2025 in Kathmandu on August 3.

"This is first of its kind programme to be organised by the JCI Nepal. It is a pivotal event designed to foster economic growth and collaboration across the region," JCI Nepal President Rajani Thapa said at a press meet organised in Kathmandu on Wednesday.

According to her, the primary objective of the event is to create a platform for entrepreneurs, investors, and business leaders from South Asia and Nepal's startup community. The meet aims to facilitate networking, identify investment opportunities, and promote economic prosperity through collaborative efforts.

The event will feature networking sessions designed for South Asian business leaders, direct interaction with investors, specialised sessions focusing on sector-specific discussions, and an exhibition showcasing innovative ideas from Nepali and South Asian startups.

Daisy Napit, JIB Area Coordinator in Nepal, said that the meet is expected to witness the presence of IT, construction, agriculture and textile entrepreneurs from the region.

"We want to develop an environment to create 'positive change' and establish a framework for achieving this goal," she said.

Meanwhile, Junior Chamber International (JCI) Nepal is set to host the inaugural South Asian Academy for International Leadership (SAAIL) 2025 aiming at 'Building Nations – Building Leadership'.

The event to be held in Kathmandu from July 31 to August 3 is designed to empower young leaders across South Asia by enhancing international understanding, regional cooperation, and active participation in national and community development, said Pragya Rajbhandari, past president of the JCI Nepal and SAAIL chairperson.

According to the organisers, Minster for Culture, Tourism and Civil Aviation, Badri Prasad Pandey, will inaugurate the event.

The academy traces its origins to the 2025 JCI Asia-Pacific Conference (ASPAC) in JCI Mongolia, leading to a Memorandum of Understanding (MOU) between Nepal, India, Sri Lanka, and Bangladesh to establish SAAIL.

"This initiative marks the first such event being hosted in Nepal, with plans for it to become an annual event rotated among South Asian nations" said Rajbhandari.

The event will include workshops on leadership development, public speaking, entrepreneurship, marketing, and global perspectives, alongside cultural exchange programmes. Vice President Mark Joseph David of JCI Asia-Pacific and Ambassadors from Sri Lanka and India are expected to attend.

JCI Nepal anticipates SAAIL 2024 will make a significant contribution to fostering international youth leadership, cooperation, and an investment-friendly environment in the region.

Published in The Rising Nepal daily on 31 July 2025.

NCC holds health camp as part of its Diamond Jubilee

Kathmandu, July 30

To commemorate its Diamond Jubilee, the Nepal Chamber of Commerce (NCC) has organised a health camp in Manmaiju of Kathmandu. Over 100 women underwent breast and cervical cancer screening as part of the initiative aimed at promoting women’s health, the NCC informed in a statement on Wednesday.

As part of the organisation’s year-long celebration of its 75th anniversary, the Chamber has been hosting various events across the country. The health camp, coordinated by the Diamond Jubilee Main Ceremony Committee, was held with technical support from Nepal Cancer Hospital and Research Centre and Silverline Hospital.

Speaking at the event, former NCC president Rajendra Malla urged women to avail of such health-focused programmes. "There is a need for women to not only maintain their physical well-being but also to engage in entrepreneurial and economic activities for personal and societal benefit.

Chairperson of the NCC’s Social and Health Committee, Mrigendra Mehar Shrestha, expressed Chamber’s continued commitment to social responsibility alongside economic initiatives.

As Nepal’s first and oldest representative body of the private sector, actively contributing to the national economy for more than seven and a half decades, the NCC plans to showcase its long-standing contributions to the country’s economic development and private sector advancement throughout the Diamond Jubilee year. It was established as Banik Mandal in 2007. 

Published in The Rising Nepal daily on 31 July 2025.

Govt initiating business formalisation

 Kathmandu, July 30

Anita Regmi of Narayan Municipality-6 in Dailekh district has been running a poultry farm for the last several years. She was running the business without registering it at any authorities but she got a chance to attend a two-day training organised by Dailekh Chamber of Commerce which educated her about the benefits that she could have if her business were registered.

Regmi's Samragyi Agriculture and Livestock Farm is now registered with the local government.

"I didn't know that registering the business could draw multiple benefits. Now, I know the benefits of enrolling into the Social Security Fund and book keeping. I am also planning to get a Permanent Account Number (PAN) as well," she said to The Rising Nepal.

Many entrepreneurs from across the country need such awareness and education on registering their business. But federal, provincial and many local governments have just been calling on the businesspeople to register their business. Although they have formulated policies and laws to formalise the business, a significant portion of it is operating informally.

Only making rules is not sufficient, education awareness and trainings to the entrepreneurs are necessary, said Juna Mathema, Chairperson of the FNCCI's Start-Ups and Innovation Forum.

"However, the entire process should be facilitating the entrepreneurs, not scaring them away from the government authorities," she said.

To support in this process, 'Formalise Your Business' (FYB) initiative is being implemented by the governments at various level especially the provincial agencies, International Labour Organization (ILO), private sector agencies including the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and its local district and municipal chapters, and Joint Trade Union Coordination Center (JTUCC).

Likewise, Industrial Enterprise Development Institute (IEDI), National Vocational Training Academy, Federation of Women Entrepreneurs Associations of Nepal (FWEAN) and EU UN joint Empowered Women Prosperous Nepal programme is also supporting this process.

A National Formalisation Committee (NFC) is working on the national formalisation action plan that also includes the development of the National Strategy for the same which is expected to engage all concerned stakeholders from the government and non-government sectors in spearheading the initiative.

The NFC has recently felt that Nepal is making significant strides in its efforts to transition informal businesses into the formal economy, a crucial move aimed at fostering economic growth, promoting decent work, and advancing social justice.

 

Registering businesses

Registering informal enterprises – those operating outside the legal and regulatory framework – with government authorities and comply with laws and regulations is business formalisation.

This includes aspects like business registration, bookkeeping, adherence to tax laws, social security contributions, and compliance with labour laws. The FYB programme acts as a practical tool that provides entrepreneurs and business managers with the necessary information and guidance to facilitate them in this transition.

The formalisation of businesses is a priority which is backed by the 16^th Periodic Plan with a target to achieve 50 per cent formal employment by 2028. The plan also envisions to increase the number of formally registered businesses at least with one government authority to 85 per cent by mid-July 2086. This aligns with Integrated National Action Plan on Formalisation and the Decent Work Country Programme 2023-27.

 

An ecosystem supporting formalisation

Krishna Bahadur Rokaya, Officer at the Directorate of Industry and Consumer Protection in Karnali, said that for the past six months, his office has been spearheading with the training and awareness programmes for business registration and sharing its benefits to the entrepreneurs.

The training which began with 15 entrepreneurs that included 12 businesswomen has now completed four rounds.

"We have launched business formalisation training for beauticians, pickle producers and other businesspeople," said Rokaya while adding that the Directorate conducts continued follow-ups to ensure that the trainee entrepreneurs have registered their enterprises and are entitled of various benefits offered by the government as well the banks and financial institutions (BFIs).

The Directorate is one of the key agencies in implementing the FYB initiative in Karnali Province.

The directorate is working on an ecosystem of creating entrepreneurs with relevant training, enabling them to register their business, and conducting monitoring and follow up to make sure they are registered with the relevant authorities.

"Earlier, entrepreneurs used to think that registering business was just an act to get a piece of paper from the government and it would be of no use in making the business better or enhancing it. But now they know about the tax system, social security, consumer interest, work place safety and labour rights," said Rokaya.

The trainings being implemented as per the national action plan on business formalisation are conducted at 18 locations and have trained 399 entrepreneurs with 350 women. Likewise, follow-up and monitoring were conducted with 197 participants of such programmes to assess the impact, according to the National Formalisation Committee (NFC).

The formalisation of business brings benefits like access to finance, legal protection, market access, improved business practice, social security and decent work and economic growth.

Pradip Kumar Koirala, Joint-Secretary at the MoLES and Chairperson of the NFC, said that the business formalisation training has become impactful and it should be continued. 

Published in The Rising Nepal daily on 31 July 2025.

National formalisation strategy in final stage

Priority to reducing informal employment in agriculture, construction, transportation, and wholesale and retail trade

 

Kathmandu, July 26

The Ministry of Labour, Employment and Social Security (MoLESS) is at the final stage to prepare the National Strategy on Formalisation with priority to reducing informal employment in agriculture, construction, transportation, and wholesale and retail trade sectors.

According to Labour Force Survey of 2017/18, Nepal's 84.6 per cent labour force is employed in various informal sectors including 22 per cent informal jobs in formal sectors. Since 24.62 per cent employment in agriculture, 15.91 per cent in construction, 16.04 per cent in wholesale and retail trade, and 4.24 per cent in transportation is informal, the strategy has accorded priority to these sectors.

According to the draft of the strategy published by the MoLESS, Nepal needs the policy document to provide comprehensive, clear, and integrated policy guidance for formalisation, and improve the productivity of enterprises, businesses and labour, and increase the efficiency of revenue administration among others. Most importantly, the document will provide a common understanding on informality and its different components from informal sector employment to employment in informal market economy.

"Multiple agencies and stakeholders should work together to achieve the national goal for formalising the economy. To forge better coordination among them and achieve that goal, we need a strategy," said Pradip Kumar Koirala, Joint-Secretary at the MoLES and Chairperson of the National Formalisation Committee (NFC) which is implementing the National Formalisation Plan with the technical assistance from the International Labour Organisation (ILO).  

He said that the strategy was needed to achieve the national goal of formalising economic establishments and benefit both employers and employees as well as the national economy.

Likewise, Gagan Singh Bista, Under-Secretary at the MoLESS and member of the NFC, said that the Ministry is in the phase of concluding the discussion on the strategy with the stakeholders and soon it would be presented at the Central Level Advisory Council (CLAC) chaired by the Labour Minister for the validation of the final draft prepared after incorporating the suggestions and addressing concerns raised by the stakeholders.

The CLAC – a tripartite mechanism including representatives from the government, employers and trade unions chaired by the Minister of Labour and formed under the Labour Act – will forward the final draft to the Cabinet.

The draft of the strategy has identified causes behind the informality in Nepal including low job creation in formal sector, high rate of poverty, poor access to quality education, dependent workers, administrative hurdles in business registration and renewal process, and high compliance cost. Other factors are weak implementation of existing laws, limited education about social security programmes and benefits of formalisation, poor coordination among the government agencies, lack of disaggregated data on business and workers, and legal and institutional gaps among the three levels of government.

According to the MoLESS, this is also the first of its kind policy in the South Asian Region. "It is the first integrated national action plan to facilitate formalisation in Nepal which is recognised by the ILO in Asia Pacific Regional Best Practices (2024), and 113^th International Labour Conference Innovative Practices (2025)," informed the NFC.  

While other countries in the region also have such strategy, the one Nepal is developing will be integrated one and will include digital submission of labour audit and digital case management for labour disputes on Integrated Labour Management Information System (ILMIS) system, and procedure for labour inspection in the informal sector.

Babu Kaji Karki, Co-Chiar of the Employers Council at the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), said that the private sector is also hopeful that the strategy will address various maladies not only associated with the employer-employee relations but also fair business practices.

He said that the informality is spread across multiple economic sectors including business, employment, trading and production.

"However, many businesses running informally are yet to be educated that the compliance to the existing laws helps in business sustainability. The governments at different levels should also focus on simplifying the process and policies," he said.

The strategy is being developed as a component of the National Plan on Formalisation, which according to the NFC, has reached to more than 10,000 people with awareness programmes, trained 399 entrepreneurs till date on measures to formalise, and through which various surveys and discussions have been conducted.

The strategy draft read that at least 85 per cent of the economic establishments operating in Nepal will be registered, 40 per cent of businesses registered for taxation will submit their annual tax returns, and about 400,000 self-employed individuals and 300,000 informal sector workers will be enrolled in contribution-based social security schemes in five years after its implementation.

Likewise, it aims to increase the number of formal economic entities registered under the social security contribution scheme to 60,000 from the current number above 21,000. "The number of employees working in formal economic entities and enrolled in social security schemes will reach 1.5 million and about 30,000 establishments will submit their labour audit," read the policy.  

Work plan of the strategy include developing sector-specific codes of conduct for occupational safety and health, ensuring basic labour rights including non-discriminatory practices regarding wages, leave and social security, and providing free technical consultation to micro, small and women-owned businesses.

According to it, businesses transitioning to formalisation will receive various benefits embedded in the laws - including seed capital, operational grants, concessional loans, and collateral-free loans. It has also proposed exemptions on registration, renewal fees, income tax, and import duties.

Likewise, a digital one-window service centre will be established to provide all business-related services, from registration to exit, from a single location facilitating the submission of documents once and issuing permits electronically.

The strategy includes capacity building programmes including technical and managerial support to formalise, financial assistance for production process, skill development, and marketing assistance through public-private partnerships.

Published in The Rising Nepal daily on 27 July 2025.

Minister Paudel highlights digital innovation for better health care access

Kathmandu, July 26

Minister for Health and Population Pradip Paudel has emphasised that digital innovation is crucial for expanding access to health care, particularly for those who are often left behind.

Addressing a session at the Boao Forum for Asia Global Health Forum 2025, he highlighted Nepal’s commitment to digital health through the National Digital Health Strategy. He called for stronger international collaboration in knowledge-sharing and capacity building.

Minister Paudel participated in the forum held in Beijing from 24–25 July, under the theme ‘New future of health industry: Driven by innovation’, the Embassy of Nepal in Beijing informed in a statement on Saturday.

In his address to the session, he emphasised the transformative power of modern technology in reducing healthcare costs, improving diagnostic accuracy, enhancing health system management, and risk mapping.

Noting the changing disease patterns linked to climate change, he urged the global community to prioritise climate-induced health risks.

On the sidelines, Minister Paudel met Shen Hongbin, Director of China’s NDCPA, where they discussed bilateral cooperation, including support for vector-borne disease research in Hetauda and a neuro treatment centre in government hospitals. Both sides agreed to deepen health collaborations.

The Minister also met the Nepali community in Beijing and encouraged them to contribute to Nepal with their knowledge and skills. He was accompanied by the Ambassador of Nepal to China, Dr. Krishna Prasad Oli.

Published in The Rising Nepal daily on 27 July 2025.

Five Nepalies released from Iran prison arrive home

 Kathmandu, July 25

Five Nepali nationals, imprisoned in Iran and released following a court order, have been brought back to Kathmandu, the Ministry of Foreign Affairs informed in a statement on Friday.

According to it, with the support of the International Organization for Migration (IOM) and the Nepali Honorary Consul in Tehran, the group was flown back to Kathmandu.

Earlier, in response to Nepal’s diplomatic request, the Indian government facilitated the safe evacuation of nine Nepalis from Iran. They were rescued in three separate flights operated by Indian airlines and returned safely to their respective homes in Nepal via land routes through India.

“As calm gradually returns following the ceasefire between Israel and Iran on 23 June 2025, Nepal has successfully repatriated its nationals caught in the conflict zone, including five Nepali citizens who were recently released from an Iranian prison,” read the statement.

It further said that through its embassies in Tel Aviv, Doha and its Honorary Consulate in Tehran, the government had been actively monitoring the situation and issuing travel advisories and safety notices to safeguard Nepali citizens residing in both countries.

Emergency evacuation plans had also been drawn up in case of escalation, said the MoFA.

Published in The Rising Nepal daily on 26 July 2025.

Thai investors urged to explore opportunities in tourism

 Kathmandu, July 25

Foreign Minister Dr. Arzu Rana Deuba has urged Thai investors to explore opportunities in Nepal’s growing tourism and hospitality sectors, citing the country’s immense potential in this field.

Speaking at the opening ceremony of the 'Thai Flavours in the Himalayas' trade fair jointly organised by the Thai Embassy in Kathmandu and Bhat Bhateni Supermarket in Kathmandu on Friday, she said that tourism could serve as a common platform for shared prosperity and cooperation.

Stating that Nepal is making strides in entrepreneurship and that many of its products, such as handicrafts, have gained attention in the global market, FM Dr. Rana encouraged Thai entrepreneurs and investors to consider Nepal as a favourable investment destination.

She also highlighted that Nepal and Thailand have many cultural similarities.

She noted the longstanding historical ties between the two nations and emphasised the shared cultural values across various sectors.

FM Dr. Rana highlighted on mutual traditions of hospitality, respect for multi-religious and multicultural values, tolerance, and the potential for prosperity through tourism.

She also recalled that both Nepal and Thailand are independent and sovereign nations that have never been colonised. Referring to Prime Minister KP Sharma Oli’s recent visit to Thailand, she said, “Several agreements were reached at both government and private sector levels during the visit. I hope that such high-level exchanges would continue in the future to strengthen bilateral relations.”

Meanwhile, the Government of Nepal has expressed condolences to the government and the people of Russia, and especially to the bereaved families who have lost their loved ones in this devastating plane crash.

“The GoN is deeply saddened to learn of the tragic plane crash that occurred in the far-eastern Amur region of the Russian Federation on July 25. Our thoughts and prayers are with them in this time of grief,” the Ministry of Foreign Affairs said in a statement on Friday. 

Published in The Rising Nepal daily on 26 July 2025.

IOE Secretary-General in Nepal

Kathmandu, July 24

Roberto Suárez Santos, Secretary-General of the International Organisation of Employers (IOE), has appreciated the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) for its efforts in fostering harmonious industrial relations in Nepal.

He is in Nepal on a three-day visit at the invitation of FNCCI President Chandra Prasad Dhakal.

Speaking at a meeting with the FNCCI officials on Thursday, he praised the federation’s contributions to minimum wage negotiations, social security reforms, and formalisation of the labour sector, calling them exemplary.

Likewise, Dhakal highlighted the importance of IOE's support as Nepal prepares to graduate from Least Developed Country (LDC) status in 2026. “We face both opportunities and challenges. We look to the IOE for global advocacy, knowledge sharing, and continued collaboration,” he said.

Santos reaffirmed IOE’s commitment to supporting Nepal during its economic transition and noted that FNCCI’s efforts in employer-worker relations serve as a model for others.

FNCCI Vice Presidents Hem Raj Dhakal and Jyotsna Shrestha, along with other officials, shared views on strengthening Nepal’s industrial environment. Founded in 1920, the IOE represents over 150 employer organisations globally, with FNCCI as its member in Nepal.

MSEs hesitate to join SSF scheme

Kathmandu, July 24

Seven years since Nepal implemented the contribution-based social security scheme for the employees, the question remains on how to better attract Nepali businesses to the Social Security Fund (SSF).

In particular, micro and small enterprises (MSEs), which according to the Economic Census of 2018 constitute 99.5 per cent of total 923,356 in operation then, are lagging in this regard.

While the law has mandatory provisions for formal schemes, MSEs remain apprehensive whether they could continue with SSF in a sustainable manner. The take-up across informal sector schemes, and the self-employed schemes also remain sluggish.

MSEs contribute about 22 per cent to the national economy and employ about 1.8 million people.

Chairperson of Cottage and Small Industry Committee at the Federation of Nepalese Chamber of Commerce and Industry (FNCCI), Narendra Kumar Khadka, said that in the current economic situation and stringent policies, it is not easy for the employers to ensure the sustainability of contribution-based social security.

"The micro and small enterprises are between compulsion and understanding in terms of executing the social security provisions. We need to find a middle ground to support the employers and facilitate the employees," he said.

According to him, the FNCCI is working on it through a committee led by the Ministry of Labour, Employment and Social Security, Social Security Fund (MoLESS) to implement the National Action Plan on Formalization with technical assistance from the International Labour Organization (ILO) which is promoting the registration of MSEs into SSF.

The Contribution-Based Social Security Act 2017 envisions all business establishments – both in formal and informal sectors – as well as non-profit sector institutions, and individuals including those in foreign employment to be included in the system.

According to the law, the employee contributes 11 per cent and the employer puts up 20 percent making it 31 per cent of the basic salary for formal schemes. The informal sector worker schemes have 11 per cent of the workers and 9.37 per cent from the local government while self-employed schemes see the full 31 per cent contributed from income.

The benefits on offer include medical treatment and health benefit, and various protections like maternity, accident, incapacity, old age, dependent family and unemployment. Such schemes ensure protection for both employers and workers, enhancing productivity and promoting employment security.

However, in case of failure to deposit the contribution within 15 days after the end of each month may result in a 10 per cent interest charge on the overdue amount. However, there is a clause in the law whereby the employer can register an application to the SSF to deposit the money within 30 days if there are plausible reasons that the situation was beyond their control.

If the non-compliance continued beyond the period agreed by the SSF, it can write to the concerned authorities to freeze the bank account, moveable and immoveable assets of the concerned individuals or institutions, suspend or stop the rebate facility entitled by law and suspend their permit or license, and freeze the passport of the persons concerned.

These provisions have forced the MSMEs, many of which lack business sustainability plan, think twice before joining the SSF.

The SSF has estimates that out of 21,031 economic establishments registered with the Fund, 3,000 (about 14 per cent) are MSEs. Its collections had reached Rs. 86.93 billion in contribution till Wednesday 23 July 2025 and paid Rs. 15.79 billion against the claims for medical and health treatment, accident and disability, dependent family protection and retirement facility.

 

MSEs' possibility of joining SSF

A sample survey on micro and small enterprise contribution capacity has now completed by the MoLESS led the committee in charge of implementing the national action plan on formalization.

On the demand side, it was found that nearly half of the non-contributing enterprises demonstrated good financial health, suggesting the potential to participate in SSF. Also, many MSEs lacked proper bookkeeping, with some even lacking bank accounts in the name of the enterprise, which calls for financial literacy and business management support. Interestingly, it was found that there was a segment of unregistered businesses that could join SSF, and in cases unaware of the different formal, informal sector and self-employed schemes on offer.

On the supply side, a need to consider subsidies, financed through tax mechanisms or redistribution though carefully designed to ensure sustainability and avoid creating disincentives for MSE formalisation or business growth was found.

Spokesperson for the SSF, Krishna Adhikari, has made a primary assessment that there is a possibility to include all the MCSEs in the social security scheme.

"We found that joining the SSF may not be a financial burden to the enterprises since it entails other various benefits, relieves the employers from the potential extra expenses on health and other areas while employees could be more motivated," he said.

Yet, there is a need for intensive campaign for information, awareness and education to micro, and small entrepreneurs to attract them to the scheme.

Meanwhile, the FNCCI together with MoLESS, SSF and other members of the committee with technical assistance from the ILO, and the European Union United Nations Empowered Women Prosperous Nepal programme has begun implementing a targeted awareness programme based on the findings.

In Nepal, micro enterprises are businesses with fixed assets of up to Rs. 2 million and employ up to nine persons with direct involvement of the investor. Small enterprises are the businesses with fixed assets ranging between Rs. 2 million and Rs. 50 million employing between 10 and 49 persons. Similarly, medium enterprises have fixed assets between Rs. 50 million and Rs. 150 million and employ between 50 and 249 persons. These investments are excluding the land and buildings. 

Published in The Rising Nepal daily on 25 July 2025.

FM Rana lauds role of honorary consuls

 Kathmandu, July 23

Minister for Foreign Affairs Dr. Arzu Rana Deuba has appreciated the growing role of honorary consuls in promoting Nepal’s economic diplomacy and said honorary consuls can serve as important bridges between Nepal and the international community, particularly in attracting trade, tourism, and investment.

"You have been playing a crucial role in introducing the world to Nepal and Nepal to the world," she said while addressing the 18^th Annual General Meeting and Charter Day of Honorary Consular Corps – Nepal (HCC-N) in Kathmandu on Wednesday.

She said the role of honorary consuls is extremely important in strengthening Nepal’s relations with the countries they represent, as well as in expanding economic, educational, cultural, and people-to-people ties with those nations.

“In today’s world, there is a growing need to advance bilateral cooperation and partnerships for shared prosperity. Your contributions are essential and significant in areas such as trade promotion, attracting foreign investment, ensuring market access, enhancing Nepal’s image internationally, and advancing matters of mutual interest and benefit,” she said.

FM Dr. Rana said that the Ministry of Foreign Affairs (MoFA) would find ways to enhance engagements with the honorary consuls to devise a more effective policy for the country's foreign affairs.

Former UN Under Secretary General and former Nepal's Ambassador to the United Kingdom Gyan Chandra Acharya emphasised the need to integrate diplomacy with development through coordinated efforts.

"Economic growth has transformed the nations and societies. However, there are persistent challenges of poverty and inequality and conflicts and terrorism. So, we need to have a good strategy to approach the international community," he said.

According to him, Nepal should expand and diversify its relations with the neighbours and other friendly countries as well as the multilateral agencies. In particular, he suggested  promoting Sagarmatha Sambaad globally and use it as a platform for country's major engagement with the international stakeholders.

Chandra Prasad Dhakal, outgoing Dean of HCC-N, said that honorary consuls are active agents of Nepal’s economic diplomacy.

 “We are not just ceremonial figures. We are active, capable, and committed contributors to Nepal’s diplomacy and development,” he said while stressing the importance of economic diplomacy is growing rapidly in today’s interconnected world.

Dhakal formally handed over the Deanship to Bhola Bikram Thapa, Honorary Consul of Bulgaria.

Speaking on the occasion, Thapa said that since economic diplomacy has become a necessity, role of honorary consuls is ever-growing. 

Published in The Rising Nepal daily on 24 July 2025.   

Hotel Siraichuli in Chitwan to issue IPO

Kathmandu, July 23

Hotel Siraichuli Limited of Bharatpur in Chitwan is all set to issue shares to the general public.

The company announced that it has initiated the process to obtain the necessary approvals from regulatory bodies in accordance with the prevailing Securities Registration and Issue Regulations, as well as the Securities Issuance and Allotment Guidelines.

For the purpose of managing the share issuance and sales, the company has appointed Nabil Investment Banking Limited as the issue and sales manager.

Located in Bharatpur Metropolitan City–10, Hotel Siraichuli is a modern four-star hotel, built with contemporary architecture, the company informed in a statement on Wednesday.

It features modern accommodation, a multi-cuisine restaurant, three banquet halls, five boardrooms, an infinity swimming pool, rooftop restaurant, poolside bar, gym, and spa.

Situated in the heart of Chitwan’s bustling urban centre, the hotel provides scenic views of the Himalayan mountain range. According to the company, its elegantly decorated rooms and suites offer a luxurious stay, allowing guests to unwind and rejuvenate during their travels.

Chudamani Khanal, Chairperson of Hotel Siraichuli, and Manish Narayan Joshi, CEO of Nabil Investment, signed the agreement in the presence of the issuing company's Managing Director Bishnu Kunwar and board member Baburam Upadhyaya.

Published in The Rising Nepal daily on 24 July 2025.   

Pakistani Embassy hosts poetry symposium

Kathmandu, July 23

The Embassy of Pakistan in Kathmandu, in collaboration with Sahitya Academy Nepal, hosted an international poetry symposium titled "Aalmi Mushaira: Urdu, Shaairi Ki Zubaan" in Kathmandu on Tuesday.

The event aimed at highlighting the literary ties between Pakistan and Nepal while fostering deeper cultural relations, informed the Embassy in a statement.

Distinguished guests included Members of Parliament Siraj Ahmed Farooqi (CPN-UML) and Kalpana Miya (CPN-Maoist Centre). The gathering attracted a diverse audience of Urdu enthusiasts, including politicians, academics, social activists, and officials from the Pakistan Embassy.

Renowned Urdu poets Dr.. Zafar Eleeg, Dr.. Saqib Harooni (President of Sahitya Academy Nepal), Dr. Afzal Manglori, Furqan Faizi, Musharaf Ali Khan, Zahid Azad Jhanda Nagri, Ghalib Dareeb, Altaf Farifta, and Sapna Ahsaas captivated the audience with their evocative poetic recitations, earning widespread appreciation.

Speakers at the event praised the Pakistan’s commitment to cultural promotion and commended the Embassy’s efforts in fostering Urdu literature in Nepal.

Celebrated Nepali filmmaker and author Prakash Sayami underlined the universal appeal and profound expressiveness of Urdu poetry in his remarks. According to him, Urdu poets and singers were welcomed in Nepal since 1960s.

Ambassador of Pakistan to Nepal Abrar H. Hashmi emphasised the need for enhanced collaboration between the literary communities of Nepal and Pakistan, particularly through literary exchange and the mutual promotion of languages such as Urdu and Nepali.

Published in The Rising Nepal daily on 24 July 2025.   

NICCI urges Adani Group to invest in Nepal

Kathmandu, July 23

Nepal-India Chamber of Commerce and Industry (NICCI) has urged Shishir Priyadarshi, Global Relations Head of the Adani Group of India, to explore investment opportunities in Nepal’s energy and infrastructure sectors. Priyadarshi was on a two-day visit to Kathmandu.

During his visit, NICCI facilitated a meeting between Priyadarshi and Dipak Khadka, Minister for Energy, Water Resources, and Irrigation, Government of Nepal.

Minister Khadka also urged Adani Group—one of India’s leading industrial conglomerates—to invest in Nepal’s hydropower and infrastructure projects, emphasizing the country’s vast potential in these sectors. NICCI informed in a statement.

Priyadarshi, in discussions with the Minister and representatives from Nepal’s private sector, recommended that Nepal should proactively invite Indian private sector players to invest in hydropower and infrastructure.

He emphasised that such partnerships will help harness Nepal’s energy potential.

Published in The Rising Nepal daily on 24 July 2025.   

NEFFA to hold 31st Cargo Day on July 29

Kathmandu, July 23

The Nepal Freight Forwarders Association (NEFFA) is set to organise 31^st annual Cargo Day on July 29 with programmes to promote the overall transportation industry.

This year's Cargo Day, organised in collaboration with the Nepal Intermodal Transport Development Board, will focus on logistics development and BBIN (Bangladesh-Bhutan-India-Nepal) connectivity, NEFFA informed in a press meet organised in Kathmandu on Tuesday.

Naresh Kumar Agrawal, Senior Vice President of NEFFA and coordinator of the 31^st Cargo Day Organising Committee, highlighted the event's evolution from a family gathering to a crucial platform for discussing industry challenges and opportunities. He emphasised that Cargo Day facilitates discussions on making the national supply chain more efficient and robust.

The event will feature an inauguration ceremony, the NEFFA Annual Awards 2025 which recognises significant contributions to the Nepali logistics sector, including awards for online and offline airlines, and dry port operators.

An interaction programme on 'Logistics Development of Nepal & BBIN Connectivity' with national and international speakers will also be a highlight of the event which will be followed by a fellowship and trade meet. 

Published in The Rising Nepal daily on 24 July 2025.   

CIDCA delegation calls on PM Oli

 Kathmandu, July 22

A delegation led by Chen Xiaodong, Chairman of the China International Development Cooperation Agency (CIDCA), paid a courtesy call on Prime Minister KP Sharma Oli on Tuesday.

During the meeting held at the Prime Minister’s residence in Baluwatar, the two sides discussed bilateral relations, four bilateral agreements signed on Monday at the Ministry of Finance, and the implementation of development cooperation agreements reached during past high-level visits between Nepal and China, PM Oli's secretariat informed in a statement.

Prime Minister Oli reiterated Nepal's commitment to the One-China Policy and highlighted the longstanding friendly ties between the two countries.

"He expressed appreciation for China’s prompt support in reconstructing infrastructure at the Rasuwagadhi border point, which was damaged by recent flash floods. He also stated that the Nepali side has responded with urgency in this regard," read the statement.

PM Oli also stressed the importance of operationalising other border points, including Kimathanka, and moving forward with projects under the Belt and Road Initiative (BRI) framework without interruption, in order to transform Nepal from a landlocked to a land-linked country.

The meeting was attended by Chief Advisor to the Prime Minister Bishnu Prasad Rimal, Economic Advisor Dr. Yuba Raj Khatiwada, Chinese Ambassador to Nepal Chen Song, and senior officials from the Ministry of Foreign Affairs.

Earlier on Monday, the CIDCA delegation held discussions with Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel regarding ongoing and future development projects under Chinese assistance. On that occasion, both sides signed MoUs related to four projects.

Published in The Rising Nepal daily on 23 July 2025.   

New online labour system nears its launch

ILMIS to digitise labour permits, occupational safety records, and trade union activities

 

Kathmandu, July 20

With an aim of digitizing services offered by labour inspectorate in Nepal, the Department of Labour and Occupational Safety (DoLOS) has developed an Integrated Labour Management Information System (ILMIS) – a web portal that allows digital submission of labour audits, occupational accidents and disease reports, and case management system for labour disputes.

According to Director (Technical) and Spokesperson of the DoLOS, Engineer Maninath Gope, the system is in the final phase and would be officially rolled out in a month or so.

After the implementation of the new online-system, work and data related to foreign citizens to work in Nepal, labour suppliers, trade unions, and labour dispute resolution can be handled digitally without physically going into the existing eleven labour and employment offices.

Labour Act 2017 requires submission of a self labour audit each year by enterprises, which according to DoLOS is a complex task that involves 38 indicators addressing the major legal provisions of the labour laws. This was especially difficult for micro and small enterprises who had to physically travel to a different district where labour and employment office was based to submit the labour audit report. ILMIS by allowing digital submission democratizes the process, and facilitates the compliance process.

Likewise, it handles trade union registration and renewal, name changes, cancellations and amendments to trade union statutes.

"It will facilitate and simplify the registration of the details regarding occupational accidents and diseases. It also facilitates performance of the activities related to collective bargaining online," said Gope.

One of the most required functions in the business establishments has been managing rights and interest-based disputes in a systematic manner.

The ILMIS not only enables the online registration of applications related to labour disputes, including minimum wage, individual claims, and collective claims but also provides applicants with information on the processing status of their applications.

Similarly, new improvements to ILMIS include developing case management and messaging systems for grievance handling and occupational accident reporting.

The new system will support paperless work and technology-friendly service delivery, promote fast and transparent work process, and eliminate the need for repeated visits to the concerned offices. It will provide updated statistics of the establishments and workers.

 

Implementing transformation

Engineer Gope informed that the DoLOS had initiated the software development work about two years ago with Rs. 4.2 million. "With a vision of transforming the labour department to a technology-efficient and technology-friendly, we had launched a drive to develop a comprehensive software. But lack of budget limited the progress," he said.

The software has been used for issuing the labour permits to the industries, labour permits to the foreign citizens in Nepal, and recording trade union activities.

However, the Ministry of Labour, Employment and Social Security (MoLESS) under the National Action Plan on Formalization, worked together with the International Labour Organization (ILO) to provide technical and financial support in upgrading the software to include a full case management system for rights disputes, collective bargaining, industrial accident and disease reporting, and enterprise audits.

Following the launch of the new system, respective companies and trade unions can digitally feed the data into it saving their time and resources. Likewise, it will facilitate the DoLOS in collecting information even from the rural areas in a quick and reliable manner.

Currently, the DoLOS and ILO have conducted orientation trainings to the stakeholders of the ILMIS on the updated system. Such trainings have been organised in Dhangadhi, Surkhet, Birgunj and Biratnagar and will be conducted in Kathmandu soon.

"In about a month, the developer will officially handle the system to the DoLOS. Currently, we are testing the software from every aspect," said Engineer Gope and added that the system would be implemented gradually.

Since the labour is considered a tripartite issue in Nepal, the Department is collaborating with the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) from the employer's side and Joint Trade Union Coordination Center (JTUCC) from the employee's side. The committee implementing the national action plan on formalization also has representation from FNCCI and JTUCC.

Women Committee Coordinator at the JTUCC, Sita Lama, appreciated the ILMIS stating that it has given priority to grievance handling and occupational safety and paved the way to manage them digitally.

"Although we have good laws, their implementation has remained poor. But with the implementation of online system, it would be easy to keep records of grievance and monitor the implementation of the facilities provided to the workers," she said.

However, Lama said that all workers must have easy and timely access to the system. For it, they should be enabled with information and skills, she stated.

Co-Chair of the Employers Council of the FNCCI, Babu Kaji Karki, said that the new system would facilitate all the stakeholders of the labour market. According to him, the small and medium enterprises (SMEs) should be provided with support so that they can implement it better.

 

A model project

The ILMIS functions as a web application with a front-end for user interaction and a back-end containing business logic, a web server, file system, and database.

The system flow for service seekers involves user registration via email and OTP, profile and document setup, application submission, payment verification, and the generation of a license certificate upon approval. For administrators, the system includes processes for reviewing, approving, and rejecting applications, as well as setting fees/fines and forwarding for further approval.

The DoLOS informed API integration with the Social Security Fund (SSF) to verify labour information has been initiated, with an MoU signed supported by the ILO. Efforts are also underway to improve usability through streamlined navigation, clear instructions, optimised interface design, responsiveness across devices, role-based access control, and mobile-friendliness.

Engineer Gope informed that the ILMIS being updated is a unique system in the South Asian Region. "Neighbouring countries like Sri Lanka and Bangladesh have shown interest in our system and want to replicate the model in their respective countries," he said. 

Published in The Rising Nepal daily on 21 July 2025.   

NICCI and Lumbini Buddhist University ink MoU

Kathmandu, July 20

Nepal-India Chamber of Commerce and Industry (NICCI) and Lumbini Buddhist University (LBU) have signed a Memorandum of Understanding (MoU) to strengthen academic-industry collaboration and support the promotion of Lumbini as a centre for peace and tourism.

The agreement was signed by NICCI President Sunil KC and LBU Vice Chancellor Prof. Dr. Subarna Lal Bajracharya on Sunday.

"The MoU outlines areas of cooperation including academia-industry partnerships, facilitation of internships and job placements, joint research and publications, knowledge sharing, and coordinated efforts to promote Lumbini internationally," NICCI informed in a statement.

Prof. Bajracharya said that LBU was working to attract 22,000 international students and is preparing a master plan for academic programme development and infrastructure expansion. He said the partnership with NICCI would support engagement with Indian diplomats, academics, and the business community.

Likewise, KC said that the Chamber remains focused on enhancing bilateral cooperation between Nepal and India. He said NICCI looks forward to working with LBU on research, innovation, entrepreneurship, tourism promotion, and other joint programmes.

The partnership seeks to connect academic and industry efforts in support of broader national goals and to contribute to positioning Lumbini more prominently in international academic and tourism sectors, read the statement.

Published in The Rising Nepal daily on 21 July 2025.   

Ghimire elected new NYEF president

Kathmandu, July 19

The Nepalese Young Entrepreneurs’ Forum (NYEF) has elected a new National Executive Committee for Fiscal Year 2025/26 under the leadership of Sudip Ghimire.

The newly elected Executive Committee includes Immediate Past President Kushal Sundar Shrestha, first Vice President Abhushan Jyoti Kansakar, second Vice President Nivita Pradhan, female Vice President Richa Shrestha, and members Krish Sapkota, Pabitra Bahadur Gautam, Subilasha Shrestha, Yunesh Raj Shrestha, Subin Shrestha and Abhimanyu Golchha.

The announcement was made during the organisation’s 21st Annual General Assembly held on Friday in Kathmandu.

Sudip Ghimire is an Executive Director of SG Group. The group operates in energy. He had begun his journey with NYEF in 2019 as the founding president of its Sunsari chapter and served on the national council since 2020.

In a statement issued on Friday, the NYEF – youth wing of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) – said that the Forum will focus on promoting innovation, inclusion, and impact in Nepal’s youth entrepreneurship landscape. It has also committed to building international partnerships with young entrepreneurs from neighbouring countries and fostering leadership and entrepreneurial thinking at the grassroots level by collaborating with schools, colleges, and youth communities nationwide.

The forum also pledged to identify challenges faced by youth-led businesses and advocate policy reforms in coordination with relevant authorities to create a more business-friendly environment in Nepal.

Speaking at the AGM, FNCCI, Chandra Prasad Dhakal, has called on young people to create opportunities within the country rather than seeking them abroad.

“There are plenty of opportunities in Nepal. One can do a great deal while staying here. Jobs can be created here itself. I urge the youth to generate opportunities within the country,” he said.

Dhakal reiterated FNCCI’s continued commitment to promoting youth entrepreneurship and innovation and said that NYEF now holds ex-officio membership in the central committee of the federation under its recently amended statute.

Published in The Rising Nepal daily on 20 July 2025.   

PM stresses expanding Nepal-China friendship

Kathmandu, July 18

Prime Minister KP Sharma Oli has stressed the need to expand the longstanding friendship between Nepal and China to future generations. He affirmed that the Government of Nepal would leave no stone unturned to advance the bilateral relations and deepening cooperation between Nepal and China.

Addressing the Nepal–China Cultural Summit 2025 organised by Phoenix Inspiration on the occasion of the 70^th anniversary of diplomatic relations between Nepal and China in Kathmandu on Friday, Prime Minister Oli said the event carried a powerful message in promoting cultural ties between the two ancient and historically rich nations.

“This summit will help strengthen our mutual friendship for generations to come. It will contribute to the growth of our multidimensional relationship. Relations are not only about exchange; they are also built on mutual sentiment and cultural diversity,” he said.

According to him, the Government of Nepal will spare no effort in enhancing this friendship. True friendship doesn’t require wealth, it grows in accordance with mutual capacity and will be made even broader.

He also said that performances of children from both the countries finely demonstrated the type of relations both the neighbours have, and pointed to the need for such initiatives in the years to come.

During the event, Prime Minister Oli presented awards to individuals in recognition of their contributions.

Deputy Mayor of Kathmandu Metropolitan City, Sunita Dangol, was honoured with the Youth Empowerment Award; business leaders – former President of the Nepal Chamber of Commerce Rajesh Kazi Shrestha and President of Confederation of Nepalese Indsutries Birendra Raj Pandey – received the Business Leadership Award; and Anuradha Sharma was recognised with the Excellence in Education Award.

Speaking on the occasion, Chinese Ambassador to Nepal, Chen Song, said that engaging young students in cultural exchange programmes was a good initiative.

"It will further solidify the knowledge and awareness about each other's culture, education and other relevant issues. Frequency of such programmes should be increased," he said.

He also expresses commitment of China to cultural and development initiatives in Nepal and urged the students to get updates with the technological advancement of China and learn them.

Likewise, President of Phoenix Inspiration, Binod Blon, said that there is a need to intensify the people-to-people relations between Nepal and China. He also said that, a team of Nepali students will also present Nepali cultural performances in China next year.

The conference featured 70 students from China and Nepal who performed songs, dances, and poetry reflecting both cultures. Earlier this month, a group of 70 Nepali teachers and students had visited China.

Phoenix Inspiration has been teaching Chinese in schools, dubbing Chinese films into Nepali, and translating literature to enhance cultural understanding.

Published in The Rising Nepal daily on 19 July 2025.   

RBB promotes energy-efficient technology

Kathmandu, July 18

In a move to promote sustainable industrial practices, Rastriya Banijya Bank Limited (RBBL) has disbursed Rs. 29 million in financial grants to 10 Nepali industries adopting energy-efficient technologies.

The disbursement ceremony was held on July 17 at the bank’s Kathmandu office, marking the official rollout of the REEEP-GREEN grant facility.

The grant scheme falls under the Renewable Energy and Energy Efficiency Programme – Green Recovery and Empowerment with Energy in Nepal (REEEP-GREEN), co-financed by the European Union and Germany’s Federal Ministry for Economic Cooperation and Development (BMZ). It provides partial grant coverage for industries with strong energy-saving potential, helping them adopt cleaner and more efficient technologies.

The supported industries implemented key energy-saving measures identified through certified energy audits, resulting in projected lifetime savings of approximately 36,788 MWh, the bank informed in a statement.

"These efforts directly contribute to Nepal’s climate commitments and the country’s broader vision for sustainable industrial growth," it said.

CEO of RBBL Devendra Raman Khanal reaffirmed the bank’s dedication to green finance and environmental stewardship, and said that the programme aligned with national sustainability goals. The event also featured remarks from Rudra Khanal, Director of the Alternative Energy Promotion Centre, and representatives from the EU, German Embassy, and GIZ Nepal.

The initiative prioritises energy efficiency, environmental compliance, and decent work conditions, and aims to foster a circular economy in Nepal. "The lessons from this first round of funding are expected to inform future business cases for loan and blended finance models, encouraging wider industry participation and supporting long-term sustainable development across the country," read the statement. 

Published in The Rising Nepal daily on 19 July 2025.   

NTB to open its office in India, Nepal's provinces

Kathmandu, July 18

The Nepal Tourism Board (NTB) has approved a budget of Rs. 1.59 billion for the Fiscal Year 2025/26.

According to Rishiram Bhandari, Coordinator of the Budget Formulation Sub-Committee, the budget and programmes have been designed with the objective of establishing Nepal’s image within the international tourism community by developing safe, reliable, and attractive destinations.

CEO of the Board, Deepak Raj Joshi, said that this year’s budget has focused on enhancing national production, foreign currency earnings, and employment opportunities through the development, expansion, and promotion of tourism, ensuring sustainable growth of the sector.

This year’s plan also includes promoting Nepal as the ASEAN Tourism Year 2026. Similarly, the NTB aims to increase overall income from tourism by at least 15 per cent by prioritising the arrival of quality tourists.

Promotional activities will be conducted in at least 50 source markets, while 5,000 additional tourism professionals will be trained. There are also plans to preserve at least 25 new tourism infrastructures to support expansion.

Likewise, 70 per cent of the total budget will be spent on international marketing, and NTB will open a new office in India - Nepal’s largest tourist source market.

 In 2024 alone, more than 400,000 Indian tourists visited Nepal. The Board is in the final stages of opening a permanent office in New Delhi or another major Indian city to enhance its outreach. Regional offices will also be established as outlined in this year’s budget.

The NTB has allocated Rs. 436.1 million for tourism market management and promotion, Rs. 129.5 million for public relations and publicity, and Rs. 116.6 million for establishing and operating new regional offices. Likewise, Rs. 46.2 million has been allocated for special promotional events such as the Buddhist Travel Mart, Himalayan Travel Mart, Adventure Travel Mart, Everest Honour Programme, and Safari Tourism Mart.

The Board also plans to conduct promotional activities in the USA, China, Japan, Korea, Australia, Bangladesh, Sri Lanka, Malaysia, Thailand, and various European countries. Additionally, cultural and adventure destinations such as Mithila art, paragliding competitions, Elephant Festival, mountain, and jungle safaris will be promoted through this budget.

Published in The Rising Nepal daily on 19 July 2025.