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Posts tagged as “Nepal”

Nepal to request China for waiver of Pokhara airport construction loan

by Anil Giri in The Kathmandu Post, Aug 26, 2023The government’s key ministries are busy preparing their own agendas in what would be a wish-list from the Nepali side to be discussed during the Prime Minister Pushpa Kamal Dahal’s China visit next month. Dahal is scheduled to travel direct from New York to Hangzhou, China on September 22. He will attend the opening ceremony of the 19th Asian Games to be held in Chinese city…

Bundling of many legal amendments in a single bill raises question of intent

by Binod Ghimire in The Kathmandu Post, Aug 25, 2023The government on May 9 registered a bill to amend some Nepal Acts in the House of Representatives. The bill seeks to revise 80 Acts—around a third of the country’s total. With the single bill, the government is preparing to amend the Acts related to criminal office, forest use, environment protection, university education—and what not. In case of minor revisions, there is a practice of amending…

Corruption blamed for plunge in foreign investments in Nepal

by Krishana Prasain in The Kathmandu Post, Aug 21, 2023Foreign direct investment (FDI) to Nepal plunged to a nine-year low in the last fiscal year, as lax enforcement of trade infringement laws and rampant corruption in the country drove away potential investors, analysts said. According to the central bank, capital inflow fell by a steep 67.88 percent year-on-year to Rs5.96 billion in the last fiscal ended mid-July 2023 from Rs18.56 billion in the previous fiscal.…

Nepal, China to resume joint military drills

by Anil Giri in The Kathmandu Post,August 18, 2023Nepal and China are set to resume bilateral military and defence engagements that were stalled due to the Covid pandemic. This includes suspended ministry exercise between Nepali and Chinese People’s Liberation Army, other military training like the national defence course in China and other engagements. This was agreed between the two armies during the ongoing visit to Nepal by Yue Ande, the major general of the Tibet…

Nepal to export 370 MW extra power using low capacity transmission lines

by Prithvi Man Shrestha in The Kathmandu Post, July 31, 2023Nepal plans to export 370 megawatt (MW) of electricity to India through low-capacity transmission lines besides the existing only high-capacity 400kV Dhalkebar-Muzaffarpur line as other under-construction high-capacity transmission lines have not been completed. Nepal can export a maximum of 1,000 MW through the Dhalkebar-Muzaffarpur Cross-Border Transmission and the two countries had agreed to transmit a maximum 800 MW during the Secretary-level Joint Steering Committee (JSC)…

Prime Minister Hasina offers Nepal the use of Bangladesh’s Payra port

by Anil Giri in The Kathmandu Post, July 29, 2023During a recent meeting between Prime Minister Pushpa Kamal Dahal and his Bangladeshi counterpart Sheikh Hasina in Italy, the latter offered Nepal its newly-constructed Payra port for third-country trade. Dahal returned from Italy on Friday after attending the United Nations Food Systems Summit plus two Stocktaking Moment (UNFSS+2) held in Rome. The prime minister addressed various sessions and met with the UN Secretary General António Guterres…

Delays of Nepal-bound freight trains worry traders

by Shankar Acharya in The Kathmandu Post, JUly 28, 2023Nepal-bound railway rakes originating at the Indian sea ports of Kolkata and Visakhapatnam are being subjected to long delays and stops en route, resulting in losses to Nepali traders, insiders say. Indian Railways normally takes four to five days to transport containers from Visakhapatnam, Andhra Pradesh to Sirsiya dry port in Birgunj, Nepal. Now the rakes arrive after 25 days. The journey from Kolkata port to…

Nepal Media Society, AAN denounce unruly protests

Report in The Kathmandu Post, July 24, 2023 Updated at 22:25 hrsNepal Media Society and Advertising Association of Nepal have said that their attention has been drawn to the protests being organised in the name of Kantipur Joint Struggle Committee on the premises of Kantipur Publications. Issuing a joint press statement on Monday, the two umbrella organisations said that although it is natural for workers and employees to present their demands to the company management,…

China pledges Rs145 million aid for Nepal’s seven provinces

by Anil Giri in The Kathmandu Post, July 25, 2023The visiting Chinese delegation led by Yuan Jiajun, a politburo member of the Communist Party of China, has pledged Rs145 million (eight million yuan) to carry out various agriculture-related projects in all seven provinces of Nepal. The projects will be funded through the China-South Asian Countries Poverty Alleviation and Cooperative Development Centre, headquartered in Chongqing, China. Yuan, who is tipped as a future leader of China,…

Numerical strength of Nepal Army comes into focus, once again

.by Anil Giri in The Kathmandu Post, July 21, 2023A debate is going on in Parliament, mainstream media and social media as to whether the Nepal Army should be downsized, right-sized, the status quo maintained, or if the size should be increased. The debate was first triggered by two members of Parliament, Bimala Rai Poudyal of the CPN-UML in the National Assembly and Swarnim Wagle of the Rastriya Swatantra Party, in the House of Representatives,…

China launches ‘Silk Roadster’ projects under BRI in Nepal

by Anil Giri in The Kathmandu Post,July 19, 2023The Communist Party of China (CPC) last week launched the “Silk Roadster” platform under the Belt and Road Initiative (BRI) in Nepal in the presence of some political parties and social organisations in Bhaktapur. Chinese leaders said the platform is a new concept brought to Nepal to mark the tenth anniversary of the proposition of the BRI by Chinese President Xi Jinping. Nepal signed up to the…