Turkish Airlines has launched an investment initiative to strengthen Türkiye’s aviation infrastructure and advance its competitive edge. Groundbreaking ceremonies were held for eight new facilities with a total investment value exceeding TRY100 billion primarily at Istanbul Airport, homebase of the flag carrier. Said Turkish Airlines Chair Ahmet Bolat: "In line with our 2033 targets, we are developing not only our fleet but also the robust infrastructure that will allow us to fully utilise this fleet.”

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Turkish investment

NRB is selling one-year bonds to soak up extra cash sitting idle in banks. It has offered Rs155 billion in bonds since 29 December. Banks buy these bonds using spare money, which temporarily moves it to the central bank. This helps slow down inflation and pushes banks to lend more.

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NRB issues bonds

Kaligandaki Rural Municipality in Syangja is offering Rs4,000 a month for two years to families with three or more children. The local government hopes the incentive will boost the region’s declining population. Villages are emptying as people have fewer children or move out.&nbsp;

Kid bonus in Syangja

Locals of Api Himal Rural Municipality are protesting against a 10MW project by Makarigad Hydropower, demanding 80% of shares. They want concrete walls on roads affected by the project, as well as replacement water mills, and material for the construction of schools and hospitals. There has been a surge in local demands from hydropower projects since the GenZ protests.

Hydro shares

Anil Keshari Shah has returned to Nabil as director after serving previously as the bank’s CEO. Shah has served in Grindlay’s Bank and Mega Bank before joining the RSP.
Nabil has also graduated participants of the fourth and fifth groups of its Nabil School of Social Entrepreneurship. The six-month program, held in collaboration with Tribhuvan University School of Management, trains budding entrepreneurs and connects them to funding and mentors.

Shah back at Nabil

NAIMA will train 1,651 Kathmandu Traffic Police for the next five years on practical skills and new vehicle technology. The first phase of training begins 18 January and will include topics like modern traffic management, road safety, stress management, communication, conflict management, hand gesture skills.&nbsp;

NAIMA training

NEA director Hitendra Shakya has instructed officials to solve frequent power failures in the evenings. Shakya carried out on-site inspections, and held discussions with grid officials. He stated that electric heaters increased electricity usage, causing localised outages.

NEA power cuts

E-scooter brand Ather’s new financing program allows customers to buy an Ather scooter at Rs6,058 a month. Features include a touchscreen dashboard, fast charging, software updates, 160km range. Ather has a fast charging network with 27 points in key cities and highways.&nbsp;

Ather finance

Oxfam in Asia held its Rivers, Rights, Resilience Forum 2026 in Colombo. The three-day meetup brought water experts, policymakers, civil society, researchers, and community leaders from across South Asia. Former water resources minister Dipak Gyawali addressed the group about public–private–civic partnerships for more inclusive and accountable water governance.

Oxfam forum

Nepal Investment Mega Bank launched Union-Pay Card, which will allow customers to transact conveniently within the country and abroad. It is accepted at most businesses and ATMs around the world. The bank is offering to waive the card fee for five years.&nbsp;

NIMB launches Union-Pay

Violations of Nepal’s airspace during WWII

At Budhanilkantha School Ujwal Thapa was a few years my senior. He was a quiet person who kept to himself; I didn’t know him very well despite being related to him because of that introversion and natural shyness. What we did have in common, coming of age in the 1990s, is our generation, GenX, which became weary, inured for the most part, to Nepal’s famously unstable politics.&nbsp; Counting the events of this past September, GenX has, astonishingly, lived through three people’s revolutions, one armed conflict, a flawed but hard won constitution, and a major earthquake. Ujwal Thapa, one of Nepal’s most cherished Gen Xers, despite his previous, youthful reticence, did not long remain a complaisant bystander against the backdrop of these extreme upheavals.&nbsp; By the mid 2000s he had become deeply political, but without the equivocation that so often accompanies politics. Thanks to his lived experience, he came to believe that the youth of Nepal are the key to our future. He believed in discerning wisdom (bibeksheelta), innovation, and nurture. He inspired entire generations, young and old, including GenZ, before his untimely death due to Covid in 2021. He was only 44.&nbsp; By the time of his passing he had started a tech company, and employed and mentored scores of youth. It is important to note that only after he had made a significant contribution to civil society did he turn towards politics, founding and then stepping back from the Bibeksheel Nepali party, which has now, after several complicated mergers and splits, been integrated into the Rastriya Swatantra Party (RSP). When the Ujwal Thapa Foundation set out to make a documentary on his life three years ago, no one could have known that it would premiere at such a crucial point in Nepal’s social and political history.&nbsp; Everything that Ujwal Thapa believed in still holds true. I think he would have been proud to see the youth of our country, GenZ, stand up for themselves, peacefully. He would have been grieved at the state condoned bloodshed, and, believing in non-violent protest himself, been deeply shocked by the savage revolution that followed.&nbsp; Most of all, I wonder how he would have reacted to the publishing of the blatantly elitist RSP proportional representation list - the party that many had pinned their hopes on, and that Bibeksheel Nepali has ultimately been absorbed into. That party now seems like it may be a chip off the rotten old block, ruled by men endorsing rampant nepotism, and outnumbered by people without scruples.&nbsp; Many of the names on the list and the rankings, in particular, disrespect the very spirit of a provision that was created for those competent individuals who would not otherwise be able to contest elections, due to lack of monetary and social capital, but whose marginalised voices are vital for inclusive policy making. There is still time for real inclusion, to embrace a more bibeksheel path, before the March elections.&nbsp; Ujwal Thapa’s own, firm, ethical stances are clear in the The Man Who Shook Our Minds, translated loosely from the Nepali title Dimaag Ghhochne Manchhe. While long, at almost two hours, it is filled with thought-provoking and sage counsel. The film also offers very real insight into how Ujwal Thapa evolved into the icon he is today.&nbsp;  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/2026011111018_eb596eb063dcaf0f67840bfa4ffa39eb27df2bf9ec1a3f9a1f531824c1b7a569.jpg" data-media-id="editor_0" data-image-id="2026011111018_eb596eb063dcaf0f67840bfa4ffa39eb27df2bf9ec1a3f9a1f531824c1b7a569" data-rendition-name="original" width="1600" height="670" loading="lazy" alt="Ujwal Thapa"> <figcaption>Stills from the documentary.</figcaption> </figure>   <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/2026011111018_65d9625d3a4865ca228425b7ce7b7b186ae5009313bbfab0ee65eada276aebd6.jpg" data-media-id="editor_1" data-image-id="2026011111018_65d9625d3a4865ca228425b7ce7b7b186ae5009313bbfab0ee65eada276aebd6" data-rendition-name="original" width="1600" height="670" loading="lazy" alt="Ujwal Thapa"> </figure>   <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/2026011111018_2ff455c55722d153cafbd2d650e19584e38d7c098b109271bd106a55201f4fa0.jpg" data-media-id="editor_2" data-image-id="2026011111018_2ff455c55722d153cafbd2d650e19584e38d7c098b109271bd106a55201f4fa0" data-rendition-name="original" width="1600" height="670" loading="lazy" alt="Ujwal Thapa"> </figure>  It isn’t easy making a documentary after the passing of the primary subject. While there are many talking heads, the people featured, friends, family, fellow activists and senior politicians are all eloquent in their descriptions of Ujwal Thapa and his transformation from an engaged, civic minded entrepreneur into a committed political leader who among many other commendable things, believed in putting women first, and understood the crucial necessity for a welfare state that would serve its people. The main man is not deified, he is humanised.&nbsp; The feature is punctuated, and leavened, with moments of real humour as his infamous bluntness and occasional domestic haplessness are gently exposed. Another strength of the film is the profound love story between Ujwal Thapa and his brave, brilliant, incredibly resilient wife, Erica Adhikary, the heroine to a real life hero, and a major force behind the making of this film, alongside many of his stalwart wellwishers and friends, old and new.&nbsp; Sushila Karki, the Prime Minister, was present at the premiere of the film with members of her Cabinet. Candid and sincere in her opening remarks, she said she had wanted to attend the moment she heard about the film. She had known Ujwal Thapa, and she had mourned his loss, praying for him during his illness. She wished that leaders like him were here today to show us the way forward in a time of need. The film opened in theatres on the 9th of January, and is an essential viewing experience for anyone who cares about Nepal’s future and wants some insight into how they might make a difference.&nbsp; Ujwal Thapa was not perfect, but he was remarkable. He realised that being a civic minded citizen just isn’t enough. To make a real difference, one also needs to be principled, insightful, entrepreneurial, creative, self motivated, able to speak truth to power, uncorruptible, practical, well prepared, and, perhaps, most importantly, able to step back from holding power even after attaining it.&nbsp; The saying by Plato that goes “He who does not desire power is fit to hold it” was surely meant for people like Ujwal Thapa. One can only hope that in the near future more people embodying this description will, however reluctantly, come forward to lead Nepal. Ujwal Thapa worked hard to enable this, they must be out there. <div class="embed-block"><iframe width="560" height="315" src="https://www.youtube.com/embed/veO1yVM4pS4?si=f0Lcbs1wasyqfnK1" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></div> The Man Who Shook Our Minds is being screened at QFX cinemas across town. Sophia L Pandé is on the Ujwal Thapa Foundation Advisory Board. She is a writer, art-historian and filmmaker, advising on the economic and social potential of the Cultural and Creative Industries. She is Director of Development at the Kathmandu Valley Preservation Trust, and Founding Director of The Kalā Salon, a non-profit space for the arts.

The Man Who Shook Our Minds

Did <a href="https://nepalitimes.com/banner/1921-rendezvous-mallory-pumori-and-everest">George Mallory</a> and Andrew Irvine of the 1924 British Expedition reach the top of the highest mountain in the world? It has been more than a century after the two climbers were last seen just 300m below the summit. And 26 years ago Mallory’s remains were found on the North Face of Everest, while Irvine’s boot was located at its base.&nbsp; Some doubt that the two could have reached the top with the level of equipment and clothing of the time, but others are convinced that at least one of them made it but had an accident on the way down.  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260108110148_26b4f6883ce3362c6f0c312d35422a57384c04aeb673f578d3ddb660761747fc.jpg" data-media-id="editor_1" data-image-id="20260108110148_26b4f6883ce3362c6f0c312d35422a57384c04aeb673f578d3ddb660761747fc" data-rendition-name="original" width="1500" height="1000" loading="lazy" alt="George Mallory and Everest"> <figcaption>Panuru Sherpa on the top of Mt Everest with a client in 2002. He has climbed the peak 16 times.</figcaption> </figure>  Among those who believe Mallory and Irvine were the first to climb Mt Everest, and not <a href="https://nepalitimes.com/here-now/everest-70-years-on">Hillary and Tenzing in 1953</a>, are the Nepali guides who took part in the research expeditions in 1999, 2001 and 2004 to find clues about Mallory and Irvine. Mallory’s body was found 8,125m on the North Face in 1999, and Irvine’s detached foot and sock with his initials inside a leather hob-nailed boot was found in 2024 in the Rongbuk Glacier below the North Face. Various expeditions have recovered a mitten, an oxygen cylinder, and ice axe from that expedition. “I believe they reached the summit, and fell on the way down in the dark and bad weather,” says <a href="https://nepalitimes.com/here-now/sherpaland-co-usa">Panuru Sherpa</a>, who has climbed Mt Everest 16 times, including on the northern route taken by four British expeditions in 1921, 1922, 1924 and 1933. “They were making good progress past the Second Step from where it is a much easier hour-and-half to the summit. A climber who reaches that point below the final pyramid does not turn back.”  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260108110148_bdbdd01c5c12cb5bb022857f7ca871cc4ff95e02c2305f6bbf1a63d1d15de8e4.jpg" data-media-id="editor_4" data-image-id="20260108110148_bdbdd01c5c12cb5bb022857f7ca871cc4ff95e02c2305f6bbf1a63d1d15de8e4" data-rendition-name="original" width="1300" height="864" loading="lazy" alt="George Mallory and Everest"> <figcaption>Mt Everest North Face in China which early expeditions took because Nepal was closed till 1950. The red line is the classic route to the peak, the dotted line is probably what George Mallory and Sandy Irvine took in 1924 to avoid the formidable obstacle of the Second Step.</figcaption> </figure>  Panuru is convinced that the location of Mallory’s body and Irvine’s ice axe shows that the two had not lost their way on their descent. He told Nepali Times in Denver, where he now lives: “Mallory’s body was not decomposed even after 75 years, and his exposed back was white like marble. One of legs was broken, and there was an altimeter and letters written to his wife Ruth in his pocket.” He remembers the search team was happy to locate <a href="https://nepalitimes.com/review/mountains-of-books">Mallory</a>, but it was unable to find one of the three cameras believed to be with the duo that could have held the proof that the two, or at least one of them, had indeed been the first to climb Everest.&nbsp; There was a deep wound around Mallory’s waist, which could have been caused during the fall by the rope which was still found tied around his body. Mallory’s remains were covered in stone slabs at the site after a brief ritual, Panuru recalls. A 1975 Chinese expedition reported seeing the body of a Western climber, which was probably Mallory, near their Camp VI. There are rumours in climbing circles that the Chinese also found a camera, but that the negative could not be developed. Everest summiteers have said the Second Step’s 45m overhanging cliff at 8,610m would have been “essentially insurmountable”, and it is only possible today because the Chinese fixed aluminium ladders to the rock face in 1975.&nbsp; But Panuru agrees with other mountaineering historians who believe Mallory could have decided to take a route below the northeast ridge and bypass the Second Step, following the advice of fellow team member Ed Norton who set the then world record by reaching 8,572m. The other finding that could indicate that Mallory reached the top was that a photograph of his wife Ruth which he intended to place at the summit was not in his pocket.&nbsp; EVEREST CONNECTION Panuru is the son of Nima Tsering Sherpa, who was a part of the 1953 expedition to Mt Everest that made Edmund Hillary and Tenzing Norgay the first climbers on the world’s highest peak. Nima carried loads for that expedition up to the South Col. Nima had eight sons and a daughter, Panuru is the sixth, and<a href="https://nepalitimes.com/here-now/nepal-s-most-prolific-mountaineering-clan"> most of his siblings are also climbers</a>. After the successful 1953 expedition, Nima spent time grazing yaks, growing potatoes and raising his family in Phortse. He joined expeditions to support the family. The young Panuru would meet mountaineers who stopped by at the family’s tea house in Phortse. He has walked the Jiri route to Kathmandu many times, and his eldest brother who worked for Mountain Travel Nepal got him a job as a trekking guide. Panuru ended up joining expeditions, climbing Everest from both sides multiple times. Panuru Sherpa’s brother Danuru was the youngest member of the 1999 expedition, and a year earlier had first climbed Everest from the Nepal side when he was only 18. The siblings are now chefs at the Sherpa House in Colorado.&nbsp;  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260108110152_9275f617585d33f7324d087455de7c61fd3759fe4d44a7ebe604fa2eefc047df.jpg" data-media-id="editor_7" data-image-id="20260108110152_9275f617585d33f7324d087455de7c61fd3759fe4d44a7ebe604fa2eefc047df" data-rendition-name="original" width="1500" height="523" loading="lazy" alt="George Mallory and Everest"> <figcaption>Brothers Panuru and Danuru Sherpa are now working in Golden, Colorado, and lead occasional climbing trips in the Rockies and Alaska.</figcaption> </figure>  In 2001, both brothers were members of another expedition composed of 20 foreign and 21 Nepali climbers led by David Hahn that tried to find Irvine in the same area of the North Face, guided by the discovery of Irvine’s ice axe in a 1933 expedition as well as sightings of what was believed to be his body near the ridge above. No more clues were found then, or in 2004 when Danuru returned for another search expedition. Remnants of Irvine and Mallory’s Camp VI were found at 8,600m during the 2001 expedition, only about 300m from where Mallory’s body was located.&nbsp; “It was probably dark when Mallory fell because his snow goggles were in his pocket,” says Danuru, who has taken part in the three search expeditions on the north side and is also convinced the two fell on their way down after reaching the summit. Altogether 13 people died on Everest during the three expeditions that Mallory was involved in, of which nine were Nepali porters, cooks and guides who were hired in Darjeeling before the march-in. “Chomolungma and Sherpa are synonymous,” says Danuru. “It was Chomolungma that made the Sherpa people famous globally, and it was Sherpas who made it possible to climb Everest.” Konrad Anker, who led the 1999 team that found Mallory’s body, doubts that one or both the climbers reached the summit in 1924, mainly because of the difficulty of climbing a cliff at 8,600m with the kind of gear they had.&nbsp; “It is possible, but unlikely they climbed the Second Step with 1920s equipment, but even getting to that altitude back then was an incredible accomplishment,” he has said. After the expedition, Anker and Panuru worked together to set up the Khumbu Climbing Center to upgrade the technical skills of Nepali guides. Panuru has also trained hundreds of fellow Nepali guides, and many of them regard him as a mentor. Panuru knew the need for better training because he himself had been badly wounded during a fall into a crevasse in the Khumbu Icefall in one of his early expeditions in 1992 and had to be evacuated by helicopter to Kathmandu.&nbsp; But the very next year, he was back on the mountain. He climbed Everest from the north with a Korean team in 1994, and a year later got to the top again from the north side with an American expedition. He summited again from the Nepal side in 1996, and nearly died in an avalanche on the north side that killed a fellow Sherpa in 1997.&nbsp; So far, Panuru has climbed Everest 16 times, Cho Oyu 14 times from both sides, Xixapangma four times, five other eight-thousanders in Nepal, and Ama Dablam six times. He was the first Nepali to ascend Gurla Mandhata in Tibet. After emigrating to the United States, he has climbed Mt Denali (6,190m) in Alaska three times while also being a part of a volunteer rescue team.&nbsp; Irvine’s boot was found by an expedition led by American climber Jimmy Chin in the Rongbuk Glacier, probably transported there from the base of the face by the movement of ice in the past 100 years. Asked why he climbed Everest 16 times, Panuru echoes George Mallory: “Because I was there.” &nbsp;&nbsp;&nbsp;

Finding George Mallory

The 12-day political partnership of Kulman Ghising with Rabi Lamichhane and Balen Shah that ended on Saturday was brief even by Nepali standards.&nbsp;
The Ujyalo Nepal Party backed by Ghising and Lamichhane’s RSP had inked a deal to unite on 29 December, one day after Balen Shah formed an agreement with the RSP to contest the election under the party’s banner.
The alliance between the RSP and Ghising is said to have fallen apart after Ghising asked for institutional and ideological changes within the party, and for members of his team to be given key positions including senior vice-chair and general secretary, as well his stipulation that more than two dozen of his camp be appointed members of RSP’s central committee.&nbsp;
Ghising had also been less than happy about some of his 18 proposed candidates being left off RSP’s Proportional Representation list, and had taken issue with the priority order of those from his camp on the docket.&nbsp;
The merger between Ghising and Lamichhane happened after last minute negotiation before the deadline for the submission of the PR candidate list after multiple previous rounds of discussions between BRK had failed. Ghising had agreed to sit down one final time with the two leaders following a last-ditch effort by youth leaders including Sudan Gurung.
Ghising following his resignation last week had told the press that his partnership with Lamichhane and Shah had not come into effect even though his UNP had formally signed to merge with RSP. The party, which has been hailed as a formidable alternative political foil to legacy outfits in the March polls, had come under considerable criticism for its PR list, most of which included influential public figures as opposed to qualified people who would represent the nation’s socio-culture, socio-economy, diverse ethnic makeup, and geography.&nbsp;
On Saturday, following news of the RSP-UNP dissolution, Ghising was announced as the chair of the UNP, of which he had only remained the patron so far.
That Ghising broke away from Lamichhane and Shah does not come as a shock. Analysts had already predicted the clash of egos between the three figures who have gained popularity through personality rather than ideology driven politics.&nbsp;
It is also not surprising that the new trio has been following the playbook of make-up and break-politics written by the Oli-Deuba Dahal trio that has defined Nepali politics for the last decade.&nbsp;
As the RSP deals with its growing pains, Nepal’s established parties are busy preparing for the polls even as they confront infighting within their own institutions. The Nepali Congress is seeing widening rifts between factions brought on by power struggles between old and newer leadership within the party. The &nbsp;special general convention called by General Secretaries Gagan Thapa and Bishwo Prakash Sharma began on Sunday amid party president Sher Bahadur Deuba and other senior leaders’ refusal to endorse and attend the event.&nbsp;
The special general convention was called after it was endorsed by 54% of NC’s general convention delegates, but the party leadership has been adamant about holding the general convention to choose a new party head after the election.
The decision to go ahead with the special general convention has been opposed by numerous NC district chapters for going over the head of party leadership. Even so, leaders of the Thapa-Sharma faction expect 60% of the party’s delegates to attend the event.&nbsp;
The Thapa and Sharma faction want the party to contest the election under a new leadership, seeming to have a better grasp on the sheer lack of popularity of the party, especially after GenZ protests. The leaders are banking on having a better outcome at the March polls if there is a change in party leadership.&nbsp;
Leftist leaders like Pushpa Kamal Dahal of the NCP and Baburam Bhattarai have also been busy reaching out to Indian leadership in the weeks leading up to the election.
And while pro-monarchy leaders like Durga Prasai—while initially calling for a royalist mobilisation following the September protests—seem to be laying low lately, only emerging after the Balen-Rabi merger to call them “political actors groomed by foreign powers”, former king Gyanendra during his Prithvi Jayanti address on Saturday took the opportunity to deliver a particularly somber address to the nation.&nbsp;
Gyanendra commented on the youth frustration that led to the September revolt, linking it to the ongoing exodus of young people and capital, as well as geopolitics, and criticising Nepal’s political leadership of “repeatedly using the youth but not understanding their needs”.
“Yesterday, there was concern that there was no development in the country, but today there is a bigger worry that the country itself might not survive,” Gyanendra said in his remarks. “This country was not built, nor will it be built, by speeches, magic or miracles.”