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Posts published in “Nepal”

Ram Sahay Prasad Yadav wins Vice President race:

Report in The Kathmandu Post, March 18, 2023 at 07:01Ram Sahay Prasad Yadav of the Janata Samajbadi Party has been elected as the new Vice President of Nepal. Out of the total 52,628 weighted votes, Ram Sahay secured 30,328 while Asta Laxmi Shakya of the CPN-UML received 16,328 and Mamata Jha of the Janamat Party got 2,537 in an election held on Friday. Fifty-two-year-old Ram Sahay garnered 58.02 percent of the votes, while his closest…

Chinese experts blame geopolitics for PM’s reluctance to attend Boao Forum

by Purushottam Poudel in the Kathmandu Post, Mar 18, 2023The Chinese scholars interested in Nepal’s affairs have attributed Nepali Prime Minister Pushpa Kamal Dahal’s reluctance to take part in the Boao Forum for Asia (BFA) to geopolitical factors. Speaking at the ‘Interaction with the Chinese Scholars’ organised by the Nepali Embassy in Beijing, Zhang Shubin, director of the Nepal Studies Centre at Hebei, said, “We know that even though China had extended an official invitation,…

Republic set to elect its third Vice President today:

By Nishan Khatiwada in The Kathmandu Post, March 17,2023Nepal will elect its third Vice President on Friday. The vice presidential election will be held at the Parliament building at New Baneshwor, Kathmandu. “All preparations are complete. Voting will take place from 10 am to 3 pm on Friday,” said Shaligram Sharma Paudel, spokesman at the Election Commission. The final list of candidates published by the commission includes Ashta Laxmi Shakya from the CPN-UML, Pramila Yadav…

Nepal’s ambassadors wait—months on end—for political access in Delhi, Beijing

Report in The Kathmandu Post, Mar 17, 20223Published at : March 17, 2023Updated at : March 17, 2023 07:50The “neighbourhood first” policy that New Delhi adopted after the election of Narendra Modi as India’s prime minister in 2014 has proven to be no more than lip service, at least when it comes to the South Block’s treatment of the Nepali ambassador. Nepal’s Ambassador to India Shankar Sharma has been trying—without success—for 10 months to sit…

IMF calls for audit of Nepali banks to check quality of loans

by Prithvi Man Shrestha in The Kathmandu Post, March 17, 2023The International Monetary Fund (IMF) has asked Nepal Rastra Bank to have some of the country’s largest commercial banks audited by international auditing firms as it is suspicious about the quality of loans provided by them, a senior central bank official said. Representatives of the IMF’s Article IV mission called for the audit to bring clarity about the state of the asset quality during a…

Power-sharing in provinces gets trickier

by Nishan Khatiwada in The Kathmandu Post, March 16, 2023Frequent changes in the power equation are not new to Nepali politics where political instability remains a persistent problem. Following last month’s change in the composition of the ruling coalition in Kathmandu, provincial governments are set to yet another change in leadership in just five months since the general elections. Until a few weeks ago, the federal government was led by CPN (Maoist Centre), with the…

Ruling alliance fails to agree on Vice President

Report in The Kathmandu Post, March 16, 2023A meeting on Wednesday of the 10-party coalition that supports the Pushpa Kamal Dahal government failed to agree on who to elect as Vice President since two members of the coalition are claiming the post. The vice-presidential election is scheduled for Friday. Alliance members Janata Samajbadi Party and Janamat Party have fielded Ram Sahay Prasad Yadav and Mamata Jha, respectively, as their candidates for the post. UML vice-chair…

Anti-money laundering grouping asks Nepal to curb private sector corruption

by Prithvi Man Shrestha in The Kathmandu Post, March 16, 2023The Asia Pacific Group on Money Laundering has pointed out Nepal’s failure to criminalise corruption involving the private sector as one of the country’s deficiencies in complying with the standards on anti-money laundering and terrorist financing, a senior government official said. Nepal’s existing anti-corruption laws—the Prevention of Corruption Act-2002 and the Commission for Investigation of Abuse of Authority Act 1991—criminalise corruption involving the public sector.…

Dahal will have a tough time expanding his Cabinet

by Tika R Pradhan in The Kathmandu Post, Mar 15, 2023With the change in the composition of the ruling coalition—the departure of the UML and entry of the Congress—Prime Minister Pushpa Kamal Dahal is set to seek a vote of confidence before expanding his Cabinet. But Cabinet expansion this time is not going to be easy with 10 parties on board the ruling coalition. Of the ten parties only two are in government—Dahal’s Maoist Centre…

Human trafficking threats continue to grow

by Hritika Sharma in Nepalnews, Mar 15, 2023The National Human Rights Commission’s data estimates that more than a million Nepalis are vulnerable to human trafficking. Economic necessities, illegal migration, lack of awareness, and insufficient implementation of the Anti-Human trafficking law provide feasibility for human traffickers to operate throughout Nepal. Nepal’s Human Rights Commission report reveals how thousands of women and girls are trafficked from Nepal in a single year. Nepal’s open border with India also…

Maoists intensify negotiations to form a ‘socialist front’

by Tika R Pradhan in The Kathmandu Post, Mar 14, 2023Prime Minister and CPN (Maoist Centre) chair Pushpa Kamal Dahal on Saturday said that a ‘socialist front’ would soon be formed, one that will lay a strong foundation for the unification of the country’s communist forces. The motive of the socialist front, according to Maoist leaders, is to develop a common understanding among the socialist forces and take the delayed peace process to a logical…