Nepal-made social media Global Diary launched

Kathmandu, Sept. 27

Nepal's first AI-driven social networking platform, Global Diary (globaldiary.com), is officially launched.

Created by a group of young IT professionals using their own investment and expertise, the platform has quickly attracted attention for its innovative design and functionality. It aims to address critical gaps in Nepal’s digital infrastructure while promoting digital transformation, business empowerment, and inclusive technological development, the company said in a statement.

Global Diary integrates various services, including contact management, business development, and access to opportunities, into one unified platform. IT experts view this project as a prime example of local innovation and technological vision, showcasing the potential of Nepali youth in the tech sector.

According to the company, although Global Diary was developed in Nepal, its design and functionality are aligned with international standards, allowing it to cater to both local and global needs.

The platform connects individuals, businesses, and organisations through a single digital framework, making communication, trade, services, and opportunities more accessible.

The platform allows individuals to manage their CV profiles, business pages, and professional details with ease.

“Users can also showcase their skills, achievements, and services, which can lead to expanded networks, more job opportunities, and freelance work. For businesses, Global Diary offers tools for managing profiles, promoting products and services, and recruiting staff efficiently,” read the statement.

Furthermore, as a platform developed within Nepal, Global Diary prioritises national data protection standards, ensuring that the platform is both locally relevant and secure.

The company said that the launch of the app is in direct response to the limitations of traditional digital platforms, which have often failed to meet the specific needs of Nepali users and businesses.

The leadership team behind the project includes Shekhar Aryal as Chairman, Bhagwan Das Agrahari, as Co-Founder and CEO. Sandeep Upreti, and Kiran Kandel are also the co-founders of the app and work as the CMO and COO. 

 Published in The Rising Nepal daily on 28 September 2025.    

NTB urges diplomats to relax their travel advisories

Kathmandu, Sept. 27

The Nepal Tourism Board (NTB) has urged the relaxation of travel advisories issued by various countries for visiting Nepal.

During the ‘Meet and Greet with Diplomatic Corps’ event held in Kathmandu on the occasion of Dashain, NTB’s Chief Executive Officer (CEO) Dipak Raj Joshi clarified that Nepal has now returned to normalcy and is completely safe for tourists.

Previously, after the Gen Z protests earlier this month, foreign embassies and diplomatic missions in Nepal had issued travel advisories urging their citizens to be cautious when visiting Nepal.

Referring to the recent instability caused by the Gen Z protests, Joshi mentioned that the crisis faced by the tourism industry due to this disruption has now been resolved. He said, "Nepal is now fully stable in terms of political stability, security, easy transportation access, and healthcare services."

Security forces and tourist police have returned to regular service while roads, airports, and transportation infrastructure are back to full operation, and hospitals and healthcare services have returned to normal as well.

About 25 hotels suffered partial physical damage and over 2,000 employees were affected during the protests.

Joshi cited the tourism industry's resilience, and said, "Nepal's tourism industry has been maturing in international crisis management for decades. During this time, no tourist has been targeted, and I want to assure you that tourism will remain safe in the future."

NTB’s Vice-President Ram Prasad Sapkota also urged the embassy representatives to convey the message that Nepal is fully safe to visit in their respective countries. "With Nepal's culture, heritage, and hospitality, we are ready to welcome tourists. Please pass on the message to your governments and tourists that 'Nepal is open and safe," he said.

The event, held on the eve of World Tourism Day on Friday, was attended by ambassadors and representatives from 15 countries, including the United States, India, Egypt, Norway, Qatar, Malaysia, and Pakistan. Representatives from the Ministry of Foreign Affairs, Ministry of Tourism, Ministry of Forests and Environment, Immigration Department, and tourism industry stakeholders were also present.

 Published in The Rising Nepal daily on 28 September 2025.    

Sharma assumes office at NIA

Kathmandu, Sept. 26

Janak Raj Sharma, the newly appointed Chairman of the Nepal Insurance Authority (NIA), assumed office at the Authority on Friday. Earlier, on the same day, he was administered the oath of office by Finance Minister Rameshore Prasad Khanal. He was appointed to the post by the government on Thursday through a cabinet decision.

Sharma is currently serving under the Ministry of Finance.

Upon assuming his duties at the NIA, he emphasised the need to enhance the quality and reliability of insurance services in the current challenging situation and to ensure that insurance claims are settled swiftly and effectively.

"In line with the spirit of the recent youth movement and the policies and programmes adopted by the government in response to the changing environment, it is crucial to improve the overall quality of insurance services, thereby increasing public trust in insurance,” Sharma said.

Insurance companies must operate in accordance with the prevailing laws, and the Authority must strengthen its regulatory role, he added.

According to him, insurance companies must simplify the claims process and ensure timely claim settlements. If this is achieved, public trust in insurance will grow, and the scope of insurance will expand. As the scope of insurance increases, costs will also reduce.

Sharma directed the NIA staff to perform their duties with integrity, ensuring high-quality and prompt execution of tasks.

 Published in The Rising Nepal daily on 27 September 2025.    

MCA Nepal awards all construction contracts

Kathmandu, Sept. 26

Millennium Challenge Account Nepal (MCA-Nepal) has completed the awarding of all contracts for the construction of the 315 km long transmission line.

It signed the contract for the construction of the final 117 km segment of the electricity transmission line project of the Millennium Challenge Corporation (MCC) Nepal Compact on Friday. “This marks a major milestone in the progress of Compact implementation,” MCA Nepal said in a statement.

The contract was signed with Ashish–Bozlar JV for the construction of the transmission line from Lapsiphedi Substation in Kathmandu to Ratmate Substation in Nuwakot district and then onwards to New Hetauda Substation in Makwanpur district.

Khadga Bahadur Bisht, Executive Director of MCA-Nepal, and Nirman Gauli, a representative of Ashish–Bozlar JV, signed the contract in the presence of officials from MCC and MCA-Nepal.

Through an international competitive bidding process, MCA-Nepal awarded the contract valued at approximately USD 76.65 million. The project includes the design, installation, testing, and commissioning of 400 kV transmission lines. The contractor is expected to complete the work within a contract period of 42 months.

Speaking at the signing ceremony, Diane L. Francisco, MCC Resident Country Director, said, “The signing of this contract represents a wonderful milestone in the implementation of the Nepal Compact. This accomplishment is the result of the profound commitment and dedication of the MCA to the successful completion of this critical transmission line and its promise for the future development and prosperity of the Nepali people.”

Likewise, Bisht said that MCA-Nepal has achieved a significant milestone in the implementation of the MCC Nepal Compact by signing this contract with Ashish–Bozlar JV today. “It is a major achievement that all contracts for transmission line construction under the Electricity Transmission Project have now been awarded,” he said.

Previously, MCA-Nepal had awarded contracts for the construction of a 198 km transmission line, covering the sections from Ratmate Substation in Nuwakot district to New Damauli Substation in Tanahun district, and then onwards to New Butwal Substation in Nawalparasi (Bardaghart Susta West) district, with a final interconnection to the Nepal–India border with an 18 km segment.

In addition, contracts have also been awarded for the construction of the Ratmate, New Damauli, and New Butwal substations.

The MCC Nepal Compact represents a landmark investment of $697 million in Nepal’s long-term economic development, laying the foundation for increased private sector investment.

Through its Electricity Transmission and Road Maintenance Projects, the Compact aims to enhance connectivity and stimulate economic growth by strengthening critical infrastructure, facilitating cross-border energy trade, and improving Nepal’s transportation network.

 Published in The Rising Nepal daily on 27 September 2025.   

NRB announces relief for businesses affected by Gen Z protests, disasters

Kathmandu, Sept. 26

The Nepal Rastra Bank (NRB) has announced various relief measures, including a discount on interest on business loans, restructuring and rescheduling of such loans, and a subsidy on them.

Amending its Unified Directives 2081, the central bank issued a circular allowing the banks and financial institutions (BFIs) to restructure or reschedule loans of businesses, industries and other borrowers affected in course of the Gen Z movement and other unusual circumstances, by mid-January 2026.

However, the borrowers should request the respective BFIs for the rescheduling or restructuring of loans that fall into the criteria defined by the NRB. Loans that have been reclassified or restructured as per the newly set criteria shall be classified in the same category as they were as of mid-July 2025, and the same loan loss provisions must apply, read the directives.

As per the new directives, in the case of industries/businesses directly affected by the Gen Z movement, when providing loans for their rehabilitation and operation, BFIs must set the interest rate by adding a maximum of 0.5 percentage points to the base rate, until the business is operational.

For such loans, if the capital adequacy ratio exceeds 80:20, the loan must be classified under the ‘micro-monitoring’ category, but an exemption of one year is granted.

Same interest rate provisions will be applied to the loan, requested by the Gen Z movement-affected business establishment, to pay wages through the banking system. However, such loans can be disbursed for up to one year or until the business begins operation, whichever is shorter.

The interest rate on such loans will receive a 2 per cent interest subsidy from the government for up to six months. The BFIs should pass the subsidy onto the borrower. Applications for loans for the ‘payroll protection scheme’ should be submitted to the BFIs by mid-January next year.

Likewise, industries that employ at least 100 women, provide a minimum of 25 per cent value addition, and export at least 25 per cent of their total production may have their loan interest rate set by the authorised institution at the base rate plus a maximum of 1 percentage point.

The central bank has made significant revisions in vehicle loan provisions. For industries and businesses directly affected by the movement, loans for replacing commercial vehicles and transport vehicles damaged in the course of operations may have their loan-to-vehicle value ratio increased up to 80 per cent from the existing 60 per cent.

Meanwhile, facilities are also extended to the traders and businesses that experienced loss and damage due ty the natural disasters at the Rasuwagadhi and Tatopani customs points – major cross-border trade points with China. As the floods in July swept away the bridge connecting Nepal and China at Rasuwagadhi, cross-border trade has since been affected. Likewise, transportation has long been affected due to multiple landslides along the Arniko Highway connecting Tatopani.

Affected businesses can request the reclassification and restructuring of their loans, said the NRB. This loan will have the same provisions applied to the movement-affected business.

 Published in The Rising Nepal daily on 27 September 2025.   

Russian envoy pays farewell call to VP Yadav

Kathmandu, Sept. 26

Russian Ambassador to Nepal Aleksei Novikov said that the Embassy of Russia in Kathmandu had sent a note to the Russian government regarding the reopening of the sugar mill in Birgunj, Madhesh Province.

During a courtesy farewell meeting with the Vice-President Ramsahay Prasad Yadav on Friday afternoon, he assured that further efforts would be made after his return to Russia to pursue the matter.

VP Yadav hosted a courtesy farewell meeting for Novikov at his office in Lainchaur on Friday.

Novikov said on the occasion that discussions on financial transactions between the two countries have progressed, and preparations are underway for direct air connectivity between Nepal and Russia.

He also shared that positive steps are being taken to increase scholarship opportunities for Nepali students in Russia, the Vice-President’s Office informed in a statement.

Likewise, VP Yadav congratulated Ambassador Novikov on the successful completion of his tenure and expressed appreciation for his efforts in strengthening the relationship between the two countries.

"I extend my heartfelt thanks to you for your contribution in further solidifying Nepal-Russia relations during your tenure," Vice President Yadav said.

Vice President Yadav also acknowledged Nepal's deep appreciation for Russia's long-term support in infrastructure and human resource development. He added that high-level exchanges of visits had also played a crucial role in fostering the bilateral friendship.

Nepal and Russia had established diplomatic relations in 1956. 

 Published in The Rising Nepal daily on 27 September 2025.   

US Ambassador calls on Minister Kharel

Kathmandu, Sept. 25

Ambassador of the United States of America to Nepal, Dean R. Thompson paid a courtesy call on Minister for Communication and Information Technology, Jagadish Kharel, at his office at the Singha Durbar on Thursday.

The meeting involved a discussion on matters of mutual interest between Nepal and the USA, the Communication Ministry informed in a statement.

Minister Kharel said that, as per the mandate of the Gen Z movement, holding elections on 21 Falgun 2081 (5 March 2026), as well as the control of corruption and good governance, are the government's major priorities.

Ambassador Thompson congratulated Minister Kharel and informed that the USA is always in favour of Nepal's peace and progress.

 Published in The Rising Nepal daily on 26 September 2025.   

Govt announces sweeping austerity measures

Kathmandu, Sept. 24

The government has announced a series of budget control measures aimed at improving fiscal responsibility and ensuring the efficient mobilisation of public funds.

The directives issued by the Ministry of Finance (MoF) on Tuesday, as per the Cabinet decision on Sunday, focus on curbing unnecessary spending and prioritising strategic projects.

According to the new guidelines, budgetary support will be assured to the projects that have already received source approval. However, no new, small-scale, or redundant projects will receive funding unless they align with the national priority objectives.

As per Section 21 of the Economic Procedures and Financial Accountability Act 2018, all new or unprepared projects within the capital expenditure framework will be locked to prevent unnecessary duplication or misallocation of funds. Similarly, any budget that remains unused due to a lack of identified projects, particularly under general categories such as ‘miscellaneous’ or ‘other’, will also be locked.

The government has also taken steps to ensure that small, fragmented projects that could be better handled by provincial and local governments will not be funded from federal resources. Likewise, any liabilities incurred in the previous fiscal year but left unpaid will be given priority, with budget locks lifted to settle outstanding payments, if needed.

In a move to safeguard national priority projects, the MoF has stated that funds can be transferred from locked budget sub-headings to support projects with approved sources of funding, particularly those that have created or are expected to create liabilities within the current fiscal year.

This flexibility also covers the national priority projects, even if their allocation is currently insufficient.

Likewise, when rebuilding government structures, a new emphasis will be placed on creating service-user-friendly, open, and well-planned spaces that accommodate the nature of work and staff requirements.

 

Consumer committees scrapped

In a significant move, the MoF has prohibited consumer committees from implementing projects exceeding Rs. 1 million.

Similarly, various austerity measures were introduced to control unnecessary expenditure and improve fiscal discipline across all levels of government. They include allowances, consultancy services, and organisational structures.

One of the most significant changes involves a crackdown on allowances. From now on, regular meeting allowances will not be provided to officials and employees of public bodies for their routine duties. However, allowances can still be given for meetings held outside of office hours for legally established committees.

Furthermore, officials who reside in private residences, either owned by themselves or their families, will no longer be eligible to receive accommodation allowances.

 

Control on consulting services

The government has also imposed stricter controls on the use of consulting services. Funds allocated for work that can be performed by existing staff will not be used to hire external consultants. Similarly, consulting services can be procured for capital research and consulting services, not for drafting bills, rules, regulations, guidelines, and similar tasks.

The new measures mandate that all government offices should manage service expenses – particularly for water, electricity, and communication fees – more economically. Employees are instructed to ensure that electricity-consuming devices such as lights, air conditioners, and fans are turned off when not in use.

 

Install offices in modest areas

Government offices are restricted to renting houses with more facilities than necessary and refrain from renting in commercial areas or along main roads. This policy applies to both domestic offices and diplomatic missions abroad, where lease renewals should prioritise modest housing options.

The government has also prioritised the use of old government vehicles, furniture, and electronic equipment. Federal, provincial, and local governments are required to use existing resources, such as old vehicles, mobile phones, computers, and motorcycles.

Similarly, government offices affected by the Gen Z movement are to receive necessary office equipment and furniture through transfers from nearby offices. The government has also initiated plans to insuring physical government structures to ensure their long-term sustainability.

 

No new hiring

In an effort to streamline government operations, the government said that no new positions will be created, except in essential technical roles. To avoid long-term liabilities, expert services and consultancies should replace the creation of permanent positions. Ministries such as Finance, Home Affairs, and Foreign Affairs, which have recently undergone organisational surveys, will also undergo brief reviews to eliminate unnecessary structures and positions.

Likewise, the government also plans to abolish redundant commissions, such as the Land Problem Settlement Commission, and make structural changes to enhance national security and improve revenue collection.

The restructuring includes integrating certain departments, such as the National Investigation Department and the Revenue Investigation Department, under the Ministry of Home Affairs and the MoF, respectively.

Further austerity measures have been implemented to reduce current expenditure with a provision to restrict the non-essential training, workshops, and seminars, and conduct trainings online or at the government facilities. International travel will be limited to essential government representatives, with delegations to international conferences set at 10 members for heads of state and three members for other delegations.

The government has also said that public sector investments will now be restricted to profitable or foreign-aid-funded projects. No new investments will be made in financially weak public corporations, and government-invested corporations will be prohibited from issuing rights shares or further public offerings during this period.

As per the new guidelines, no new vehicles will be purchased for official use unless existing vehicles are insufficient for critical tasks, such as conducting elections or ensuring security. 

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Provinces must follow austerity rules: FM Khanal

 Biratnagar, Sept. 24

Finance Minister Rameshore Prasad Khanal has said that the austerity directives issued by the Ministry of Finance (MoF) on Tuesday must also be implemented by provincial and local governments.

Amidst growing dissatisfaction among provincial ministers who have raised concerns that, as autonomous and independent bodies, provincial governments are not obligated to implement decisions made by the federal Cabinet without passing their own laws, Minister Khanal stressed that the decisions of the Cabinet must be followed by all.

While visiting the Internal Revenue Office in Biratnagar, which was destroyed in a fire, Minister Khanal briefly responded to questions from the media, reiterating the need for everyone to cooperate in adhering to austerity measures.

The federal government’s decisions have raised uncertainty about the facilities for those appointed by provincial assemblies through provincial laws.

In response to the federal government's decision, Rewati Raman Bhandari, Minister for Internal Affairs and Law of Koshi province, said that from a constitutional and legal standpoint, provincial governments are not bound to follow the federal government’s decision. He argued that the provinces have the autonomy to make their own decisions, and if changes are needed in provincial laws, they must be amended accordingly.

However, FM Khanal clarified that this decision was made for austerity purposes and must be implemented across all levels of government, irrespective of provincial laws. "This decision has been taken for austerity, and being a federal Cabinet decision, it applies to all bodies. No expenditure should be made from the federal government’s grants on these matters," he said.

Minister Khanal further elaborated that even if appointments are made according to provincial laws, any expenses for these positions, which are funded by federal grants, should not be used for unnecessary appointments.

Minister Khanal indicated that while the federal government’s decision does not nullify provincial laws, it could impose restrictions on how federal grants are used.

 Published in The Rising Nepal daily on 25 September 2025.   

India, China pledge to continue support in development, investment

Kathmandu, Oct. 23

India and China have expressed their commitment to Nepal’s economic development and investment, even during the troubled times like now.

In separate meetings with Finance Minister Rameshore Prasad Khanal at the Ministry of Finance (MoF) on Tuesday afternoon, Indian Ambassador to Nepal Naveen Srivastava and Chinese Ambassador to Nepal Chen Song assured that they would also extend their support in attracting Foreign Direct Investment (FDI) from their respective countries.

According to the MoF, Ambassador Srivastava said that, as India is Nepal’s closest neighbour, India remains committed to maintaining the special relationship between the two countries and stands with Nepal to provide all forms of support even during this challenging period.

The Ambassador also expressed India’s readiness to accelerate development projects and programmes being carried out with Indian assistance and to provide the necessary support and cooperation to boost the confidence of Indian private sector investors in Nepal.

FM Khanal and the Indian envoy also discussed strengthening coordination to facilitate trade between Nepal and India.

Likewise, Ambassador Chen assured that China’s support to Nepal will continue and further informed that the projects being implemented with Chinese assistance are progressing satisfactorily and that Chinese investors remain interested in investing in Nepal.

He added that a separate interaction with Chinese investors would be organised once the situation becomes more favourable, read the statement from the MoF.

FM Khanal pointed to the need to sustain economic partnerships with neighbouring and donor countries in light of the current difficult circumstances facing Nepal.

He noted that the current government, formed under special circumstances, is committed to holding elections within the stipulated timeframe and said that the government would continue its economic partnership with China and India.

Likewise, Minister Khanal also requested the Chinese Ambassador to take initiatives to enhance banking sector cooperation between Nepal and China, facilitate the establishment of a Chinese bank branch in Nepal, and simplify payment procedures for exports from Nepal.

Meanwhile, Minister Khanal also assumed office at the Ministry of Federal Affairs and General Administration (MoFAGA) on Tuesday. He was assigned to the Ministry by the Cabinet on Monday. 

 Published in The Rising Nepal daily on 24 September 2025.   

Private sector calls for urgent measures for reform, recovery

Kathmandu, Sept. 23

The nationwide ‘Gen Z’ movement, hailed as a bold youth-led movement against corruption and misgovernance, has also inflicted widespread damage to public and private property, dealing a serious blow to the national economy.

Speaking at an interaction on ‘evolving political and economic crisis’ organised by the Nepal Forum of Economic Journalists (NAFIJ) in the Capital on Tuesday, experts, government officials, and private sector representatives called for urgent measures for recovery and reform. They expressed deep concern over the protest’s economic aftermath.

Birendra Raj Pandey, President of the Confederation of Nepalese Industries (CNI), estimated a 5 per cent loss to the Gross Domestic Product (GDP) while major foreign joint ventures have been halted due to instability.

Former President of Nepal Chamber of Commerce, Rajendra Malla, and Vice-President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Hemraj Dhakal noted that the scale of destruction has shaken investor confidence, calling for government guarantees on future security.

Likewise, senior Vice President of NCC, Deepak Malhotra, stated that the damages have set the country back by at least five to six years, adding that businesses now feel unprotected despite paying taxes. The protest is estimated to have caused losses worth Rs. 240 billion, equivalent to about 4–5 per cent of Nepal’s GDP.

Insurance claims have already hit a record Rs. 22.25 billion, according to Virendra Baidwar Chhetri, President of the Nepal Insurance Association, with total private sector losses likely exceeding Rs. 80 billion.

The speakers said that deeper frustrations were the reason behind the movement, while systemic inefficiencies and lack of employment opportunities for Nepal's youth have further depressed today’s youth.

Manish Shrestha, President of CNI Youth Forum, warned that if bureaucratic barriers and petty corruption are not addressed, youth outmigration will intensify. “Ask any classroom today—90 to 95 per cent of students want to leave the country,” he said.

Sagar Pandey, President of the Trekking Agencies’ Association of Nepal (TAAN), said that BHM graduates are forced to take jobs worth Rs. 17,000 a month which has forced the technically skilled manpower to search for employment opportunities abroad. According to him, without structural reforms and accountability, economic revival will remain elusive.

 

Recovery path

Ram Prasad Ghimire, Secretary at the Ministry of Industry, Commerce and Supplies (MoICS), stressed that the new interim government must prioritise transparency, opportunity, and good governance, even through ordinances if necessary.

Likewise, Finance Ministry spokesperson Tanka Prasad Pandey outlined a plan involving stimulus packages, investment protection, and support for affected businesses. “The government and private sector are partners in economic development. The Finance Ministry is working on a package to send a message on investment protection, concession, relief and good governance,” he said.

Experts also called for loan restructuring, reduced interest rates, and policy support for youth-led start-ups. Suggestions included mandatory insurance for government assets, part-time job schemes for students, and tax exemptions for damaged infrastructure.

Despite the turmoil, Nepal’s economic indicators remain stable, said Sushil Gyewali, CEO of the Investment Board. Drawing parallels with Sri Lanka’s crisis, he asserted that Nepal still has a window for recovery, if trust is restored and reforms are delivered.

 Published in The Rising Nepal daily on 24 September 2025.   

Finance Ministry extends tax deadline by a month

Kathmandu, Sept. 16

The Ministry of Finance on Tuesday extended the deadline for tax submission for the private sector companies by a month at the request for the same by the latter.

Citing the damage inflicted on the business and industries during the protests called by Gen Z last week, the private sector has been suggesting that the government offer some relief measures to help them in reviving the business and boosting morale.

At a meeting with the representatives from the private sector organisations, Finance Minister Rameshore Khanal assured the private sector entrepreneurs that economic reform efforts would be undertaken with their support. He extended the tax submission deadline through a ministry-level decision responding to the demands of the community made last week.

FM Khanal said that the suggestions put forward by the business community would be carefully considered, and that data on the loss and damage caused by the movement would be collected so that appropriate measures could be taken.

According to the Ministry, he assured that the government would take the necessary steps to explore what tax concessions could be offered. However, he urged patience as the issues would be taken to the Cabinet for appropriate decisions.

During the discussion, business representatives also drew Finance Minister Khanal's attention to immediate financial relief measures, such as deferring the working capital loan directive for at least two years, the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) said in a statement.

According to it, the private sector has pledged its full cooperation to the government in the reconstruction, rebuilding and revival of the economy. The government has already established a fund for reconstruction, assessing the damages incurred during the recent protests.

It suggested that the Corporate Social Responsibility (CSR) funds could be mobilised for the reconstruction of damaged businesses and structures.

 

 

‘Ready for collaboration’

"We have also suffered losses. We are ready to work in collaboration, supporting ourselves as we rise and assist the government," said FNCCI President Chandra Prasad Dhakal, suggesting that the MoF should establish a dialogue mechanism between the private sector and the government for economic restoration and good governance.

Dhakal urged for loan restructuring and rescheduling facilities for businesses affected by the protests, and for tax exemptions, including income tax, to attract investment. He also noted the youth's demand for efficient government services and stressed the need for everyone to strive for the optimal use of information technology and ethical practices.

"At this juncture, reducing the Value Added Tax (VAT) rate or applying a lower rate on essential goods, and announcing special packages to attract Indian tourists would be appropriate. Tax exemptions, production-based relief, and concessional loans are necessary for small and medium enterprises," Dhakal said.

Likewise, President of the Confederation of Nepalese Industries Birendra Raj Pandey said it is crucial to strengthen the confidence of businesspeople and focus on revival in a situation like the current one, and that they are prepared for this.

President of Nepal Chamber of Commerce Kamalesh Kumar Agarwal highlighted the significant contribution of the private sector to the Nepali economy and emphasised the need to boost the morale of businesspeople.

 

Private sector seeks deferral to LDC graduation

They also said that, given the unpreparedness of the government and political uncertainty, Nepal should  seek deferral from its scheduled plan to graduate to the ‘Developed Country’ from the current Least Developed Country (LDC) next year. Bangladesh, facing similar issues, is reportedly seeking to postpone its graduation decision to avoid losing trade facilities. Nepal also needs to act promptly on this matter, read the statement.

Min Bahadur Gurung, founder of Bhat Bhateni Supermarket that suffered a substantial loss with 21 outlets damaged out of 28 during the protests, expressed his continued desire to invest, create employment and contribute to revenue.

 Published in The Rising Nepal daily on 17 September 2025.   

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

Kathmandu, Sept. 14

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 Published in The Rising Nepal daily on 15 September 2025.   

China, United States congratulate PM Karki

Kathmandu, Sept. 14

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

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

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

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

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

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

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

 Published in The Rising Nepal daily on 15 September 2025.   

Neighbouring countries, UK and UN welcome Karki’s appointment

Kathmandu, Sept. 13

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

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

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

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

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

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

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

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

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

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

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

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

 Published in The Rising Nepal daily on 14 September 2025.   

NBI wishes successful tenure for interim government

 Kathmandu, Sept. 13

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

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

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

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

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

 Published in The Rising Nepal daily on 14 September 2025.   

NRB Governor Paudel meets businesspersons

Kathmandu, Sept. 12

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

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

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

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

 Published in The Rising Nepal daily on 13 September 2025.   

Ghar Nirman to volunteer in rebuilding

 Kathmandu, Sept. 12

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

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

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

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

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

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

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

Published in The Rising Nepal daily on 13 September 2025.   

Attacks on businesses cripple economy, jobs at risk

Kathmandu, Sept. 11

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

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

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

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

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

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

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

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

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

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

 

Call for investment protection

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

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

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

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

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

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

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

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

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

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

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

 

Banks open, share market remains shut

Banking and insurance services resumed from Thursday.

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

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

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

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

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

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

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

Published in The Rising Nepal daily on 12 September 2025.   

NBI condemns vandalism and arson on businesses

 Kathmandu, Sept. 11

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

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

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

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

Published in The Rising Nepal daily on 12 September 2025.   

When giving is enough

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

 

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

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

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

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

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

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

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

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

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

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

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

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

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

 

Published in The Rising Nepal daily on 10 September 2025.   

Analysts call for extreme caution to restore normalcy

 Kathmandu, Sept. 9

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

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

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

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

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

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

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

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

 

Responsibility of Army and President

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

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

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

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

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

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

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

 

'Final phase of success'

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

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

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

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

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

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

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

Published in The Rising Nepal daily on 10 September 2025.