<img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108141116/636a56a59c7e80680e054799jpeg.jpg" alt="" width="2250" height="1500"/>There has been a dramatic shift in the way young Nepalis think and generate ideas to bring about social change. Some have built robots that can operate in Nepali and help the differently-abled to live comfortable lives. Others are tinkering with artificial intelligence to improve the quality of health care or education.Funding for these ideas is currently limited to prize money and support from family. Nepal needs more risk-taking, high return-seeking, incubation investors and a venture capital culture. This will require individuals who recognise that the ideas and the people who develop them are worth investing in, and are willing to take a calculated risk. They are people who know success will come with high returns.Parents still want their children to focus on academics, get a stable job that pays a regular salary at the end of each month and eventually have grandchildren who will provide social security. Buying land in Kathmandu and building a house with a few extra rooms to generate rent is the priority for many. But there are signs these social trends are changing.Many people may not be aware of the term ‘social entrepreneurship’ but are practising it in their careers. Young Nepalis are setting up recycling projects to help clean up the city, making garbage their business. Others are turning plastic waste into building materials for housing. Some are helping slum-dwelling children to stay in school.The problem with these ideas is finding sources of funding beyond the initial grant, and how to scale the impact in a country that is used to getting things for free. Motivated youth struggle with policy, laws, finance and technology transfer, and this is where mentors can help. Mahabir Pun’s National Innovation Centre could be one of the catalysts to help the community understand the value of these new ideas.Nepal is full of projects with lofty objectives that tend to do more of the same (and make more of the same mistakes). Donors comfortable with buzzwords like ‘capacity building’, ‘training stakeholders’ and ‘gender mainstreaming’ are a dime a dozen, but they are not interested in real world innovations.Plagiarism and downloading ideas from the web is a real challenge. In our part of the world ‘copyright’ means ‘copy without making any mistakes’. The moment you search for ideas around water, plastics and climate change, the internet will give you access to thousands of them. Adapting ideas to the Nepali context with due recognition to the original thinkers would be more useful. Replication and scaling up are what make these ideas succeed.We also still need bankruptcy laws that protect investors’ companies whose ideas may not take off. The R&amp;D research budget of a country is just as critical as the amount we spend on health, education and infrastructure.There are many online competitions calling for social entrepreneurship that may not reach many Nepalis currently without access to the Net. Young hard-working people living in harsh, remote terrain may be the best source of ideas to uplift the underserved. The country has missed many opportunities to attain prosperity — it is time we listened to those with ideas whose voices we ignored in the past.The winning idea at a recent competition came from a young woman who had designed software to help municipalities create new drainage systems. She needs our support. We have listened far too long to those who talked and did nothing — let’s now listen to young changemakers.Anil Chitrakar is President of Siddharthinc

Anil Chitrakar

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Let’s listen to Nepal’s young changemakers

<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108101144/636a25539c7e80680e0439c1jpeg.jpg" alt="" width="1500" height="1125"/><figcaption>Photo: KUNDA DIXIT</figcaption></figure>While the global media’s attention is on the Greenland ice sheet, the Arctic and eastern Antarctica, a landmark report released this week shows that the Himalaya will face catastrophic meltdown during this century if there is no immediate effort to reduce the world’s carbon emissions.The voluminous 627-page report titled <a href="https://link.springer.com/book/10.1007%2F978-3-319-92288-1">Hindu Kush Himalaya Assessment: Climate Change, Sustainability and People</a> put together by the International Centre for Integrated Mountain Development (<a href="http://www.icimod.org/">ICIMOD</a>) states that even in the best-case scenario, the Himalayan mountains will lose more than one-third of their ice by the end of the century. An earlier report was even scarier, it said the <a href="https://www.nepalitimes.com/banner/on-thin-ice-in-the-khumbu/">Mt Everest</a> region would lose 90% of its ice by 2100.Read also:<a style="background-color: #ffffff; font-size: 15px; letter-spacing: 0.01em;" href="https://www.nepalitimes.com/editorial/climate-damage/" target="_blank" rel="noopener">Climate damage</a>, Editorial<a style="background-color: #ffffff; font-size: 15px; letter-spacing: 0.01em;" href="https://www.nepalitimes.com/opinion/turning-on-the-heat/" target="_blank" rel="noopener">Turning on the heat</a>, Ajay Dixit<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108101144/636a25569c7e80680e0439c2jpeg.jpg" alt="" width="1400" height="1050"><figcaption> </figcaption></figure>But that would happen only if global average temperatures can be capped at a 1.5oC increase above pre-industrial levels. Most scientists agree that target is unlikely to be met. If <a href="https://www.nepalitimes.com/opinion/climate-for-change/the-great-himalayan-thaw/">current emission trends</a> continue, the world will actually be hotter by between 4.2-6.5oC by 2100 – in which case two-thirds of Himalayan glaciers will be gone.Himalayan peaks are warming between 0.3 to 0.7oC faster than the global average, and the <a href="https://archive.nepalitimes.com/article/nation/ice-to-water-glacier-lake-outburts-himalayas-nepal,4197">loss of Himalayan ice</a> would have devastating consequences for 1.6 billion people living in the mountains and downstream countries. Climate models show that summer flow in the Indus, Ganges, Brahmaputra and their snow-fed tributaries will actually rise till 2050 as the glaciers melt away, but will start decreasing after that because there will be no more ice left. Measurements show that glaciers in the Central and Eastern Himalaya are shrinking at 40cm/year, and some are receding up to 30m/year.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108101144/636a25599c7e80680e0439c3jpeg.jpg" alt="" width="1676" height="938"><figcaption> </figcaption></figure>After the controversy surrounding a 2007 report by the Inter-governmental Panel on Climate change (IPCC) that predicted all Himalayan glaciers would be gone by 2035, scientists have been much more careful in making similarly wild predictions. Which is why ICIMOD deployed 210 scientists from 20 countries in this five-year study to assess the latest knowledge from peer-reviewed journal findings.Read also: <a style="background-color: #ffffff; font-size: 15px; letter-spacing: 0.01em;" href="https://www.nepalitimes.com/banner/on-thin-ice-in-the-khumbu/" target="_blank" rel="noopener">On thin ice in the Khumbu</a>, Kunda Dixit<a style="background-color: #ffffff; font-size: 15px; letter-spacing: 0.01em;" href="https://archive.nepalitimes.com/regular-columns/guest-editorial/mountainous-change,887" target="_blank" rel="noopener">Mountainous change</a>, David MoldenThe new assessment is only slightly less alarming. Although the timeframe has been pushed back to the end of the century there is still very little time to fix the problem even if global carbon emissions are cut in the coming decades. So, we know what the problem is and we know the solution. What are we going to do about it?<img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108101144/636a255d9c7e80680e0439c4jpeg.jpg" alt="" width="500" height="288">Annual mean temperature anomaly in the Himalayan region in the past century, showing sharp warming trend. ICIMOD Director <a href="https://archive.nepalitimes.com/article/interview/interview-with-david-molden-icimod,3074">David Molden</a> has anticipated that question. He said at the report’s launch in Kathmandu on Monday: “This is not just going to be another book on the shelf. We hope to spark policy dialogue by putting climate action on the political agenda by putting the state of the knowledge in one place.”The assessment is a unique scientific partnership between ICIMOD’s member countries, Afghanistan, Bangladesh, Bhutan, Burma, China, India and Nepal. The Centre is now spearheading an effort to set up a Himalayan Council, much like the <a href="https://arctic-council.org/index.php/en/">Arctic Council</a> which is working on the north polar region.The concerns of the world’s mountain regions and the amplified impact of global warming on the world’s mountains were mentioned only tangentially in the last two IPCC report. This assessment, in which IPCC scientists also took part, is expected to put the Himalayan region firmly on the global agenda as well.The hydro-meteorological impact of climate change will go beyond countries like Nepal or Bhutan. Heavily populated and rapidly developing downstream areas of China, Southeast Asia, India, Pakistan, Bangladesh will face severe water crisis. And then there is the indirect impact of the warming on weather and monsoons, as simulations show increased frequency of droughts and floods.Himalayan countries have always struggled against poverty, marginalisation, state neglect, inequality, discrimination, out-migration, and these problem predate climate change. What global warming does is make all the existing structural problems worse.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108101144/636a255f9c7e80680e0439c5jpeg.jpg" alt="" width="1200" height="804"><figcaption> </figcaption></figure>For example, the assessment shows that half the children living in Himalayan villages are undernourished. Nepal’s national poverty rate is 23%, but 42% of the country’s mountain dwellers are poor. Because they have fewer choices, the poorest are already beginning to suffer from erratic weather and other impacts of climate change, adding to the push-factors in outmigration.The report also lays out <a href="http://archive.nepalitimes.com/article/editorial/going-green-environment-day,3064">policy options</a> for countries in the Himalaya, which include increased cross border cooperation among them to battle common threats. One concrete step would be China, Nepal and India cooperating on disaster early warning on future Glacial Lake Outburst Floods (<a href="http://archive.nepalitimes.com/page/lake-464-glacial-lake">GLOFs</a>). The report also calls for added investment in meeting the UN’s Sustainable Development Goal targets which would build resilience among mountain peoples by giving them more options to adapt.Two of ICIMOD’s member countries, China and India, are both suffering the impact of climate change along their common mountain frontier. Together, the two giants are the biggest emitters of greenhouses gases in the world. It no longer makes sense now to talk only about adapting to climate change, Himalayan countries need to also start mitigating their carbon emissions and switching to renewables.They need to do this not just to save the Planet, but to also save their fossil-fuel dependent economies and diversifying their energy mix towards renewables.The Hindu Kush Himalaya Assessment Mountains, Climate Change, Sustainability and People Philippus Wester, Arabinda Mishra, Aditi Mukherji, Arun Bhakta Shrestha (Editors)ICIMOD, HIMAP, Springer Open, 2018Creative Commons, available as e-book: ISBN 978-3-319-92288-1 <a href="https://link.springer.com/book/10.1007%2F978-3-319-92288-1"><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108101144/636a25619c7e80680e0439c6jpeg.jpg" alt="" width="770" height="1022"></a>https://youtu.be/Sry8WlqRvns<h2>“If we can’t cap warming at 1.5 degrees, these mountains are in deep trouble”</h2>The Director General of International Centre for Integrated Mountain Development (ICIMOD), David Molden spoke with Nepali Times this week about the Centre’s new Himalayan Assessment and some of the key findings and recommendations.Nepali Times: Why was an assessment needed at this time?David Molden: We really do not know what is happening in our mountains. We wanted to bring experts together both to discover what is happening and to make some strong policy recommendations at a time when we are facing major sustainable development issues.What are some of the key findings?Mountains warm faster than the global average, a phenomenon known as Elevation Dependent Warming. This means if we hit a 1.5 degree world, the warming in the mountains would be on the order of 1.8 degrees. But if we follow the current trajectory, we will see warming of up to 4,5,6 or 7 degrees in mountain areas (by 2100). Besides climate change, mountain communities face other problems like out-migration and depleting ecosystems. All of these changes together present a challenge in managing mountain resources.One particular prediction is shocking, that our mountains will lose 64% of their glaciers by the end of the century. Yes, if we reach 1.5 degree world, we would lose about one-third of our glaciers. If present trends continue, then we would lose two-third of our glaciers, which is quite frightening. In a way it is like a thermometer gauge, it's a pure signal of climate change. But what it is telling us is that climate impacts in the mountains can be quite severe.It looks like those impacts are worse than the worst case scenario predicted in Paris 2 years ago.I sensed that in Paris they based a lot of things on the 2014 IPCC report, which had very little on the mountains after their controversial 2007 predictions on the Himalaya. Only now we are coming out with a clearer understanding, and the next IPCC report will have a special cross-cutting chapter on mountains.But don't we already have enough evidence? Do we still need more research? Isn't it time to start taking action? We know enough to take action. But in the situation of inter-related changes, more evidence and information will help policy makers to take better action and make more refined decisions. A mountain, environment and science focus can bring countries to work together. In fact, we have seen that the task of producing the assessment report itself was an important exercise to build cooperation across countries to deal with climate change.Two ICIMOD member countries are major fossil fuel users. Isn't it time we started looking beyond adaptation to mitigation? I was recently at a regional meeting for Asia Pacific ministers on environment and what came out strongly was that the best help for adaptation is through mitigation. China is taking significant steps in mitigation, as is India. I hope we can use the report findings to continue our discussion with greenhouse gas emitter countries and take urgent action. We have to keep the world at 1.5 degree, otherwise these mountains are going to be in deep trouble.Your report also deals with air pollution and natural disasters. What are some key recommendations to reduce risk? Air pollution is a slow moving natural disaster. The black carbon in the air moves up, settles in the glaciers and increases their melt, and also disrupts heating and cooling effects of the atmosphere. We have to make sure that we have clean energy and reduce emission from automobiles, brick kilns, open fires. As for other natural disasters like floods, droughts, landslides and earthquakes, we have to be better prepared, invest on weather services and deliver the information to the people through flood early warning systems, for example.https://www.youtube.com/watch?v=8bPFAEdRp8o

Kunda Dixit

Terrifying assessment of a Himalayan melting

The monsoon has got bad press because Nepal’s tourism operators actively told visitors to avoid <a href="https://nepalitimes.com/opinion/managing-the-monsoon?%2F">the rainy season</a>. It is time to change that. The reason can be found right here in the vast alpine meadows of Central Nepal where this time of year you can walk on velvet grass of pastures abloom with delicate pink, red and yellow flowers as the mist rolls up the valley. There is no sound except the hum of bumble bees. &nbsp;&nbsp; There are dozens of places across high Nepal called Chaurikharka, which means yak pasture. But this particular Chaurikharka in Rukum East located at an altitude of 4,000m stands out for its serene beauty, rustic charm and bucolic setting. There is just the occasional chime of <a href="https://nepalitimes.com/here-now/when-yaks-go-so-does-culture">yak bells</a> in the distance, and the sharp whistle of herders corralling sheep. &nbsp;&nbsp; The grass shoots are so fragile that one hesitates to step on them, the rounded ridges appear and quickly vanish in waves of mist. With the<a href="https://nepalitimes.com/here-now/before-the-next-monsoon"> arrival of monsoon</a>, these meadows are a soothing shade of green dotted with millions of <a href="https://nepalitimes.com/review/the-anatomy-of-a-flower?%2F=">multi-coloured flowers</a>. Until very recently, it took a week or so to hike up to places like Chaurikharka, but with the expansion of the road network even to these far-flung mountains in the lap of Dhaulagiri, they are much more accessible. It is just a three-hour uphill from the Mid-Hill Highway on the border between Baglung and Rukum East.  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20250802130828_a0b06b494d751b2144ffbbf10894ea64b29e8aed844bc8c66171783abfaf4e16.jpg" data-media-id="editor_4" data-image-id="20250802130828_a0b06b494d751b2144ffbbf10894ea64b29e8aed844bc8c66171783abfaf4e16" data-rendition-name="original" width="2048" height="1365" loading="lazy" alt="Visit Nepal in the monsoon"> </figure>  Purists would say that such easy access devalues the sanctity of these remote high meadows, but it also means more people will be moved to treasure the experience, appreciate <a href="https://nepalitimes.com/banner/natures-fragile-gift-to-nepal">the value of nature </a>so they can take steps to protect it.&nbsp; To be sure, the <a href="https://nepalitimes.com/here-now/deadly-monsoon-in-nepal-turns-deadlier">monsoon season can be challenging for road travel</a>. The roads are rough even at the best of times, and in the monsoon they become muddy and treacherous, often blocked by<a href="https://nepalitimes.com/news/monsoon-deluge-in-nepal"> landslides</a>. But that could be precisely the kind of adventure that the more intrepid visitors crave. Improved road connectivity has already made Chaurikharka and places like Badimallika &nbsp;and other sacred lakes in the mountains of western Nepal popular with domestic tourists. What is driving this traffic is the urge to go to exotic new places and share videos and selfies on social media. Several of Nepal’s travel vloggers have visited Chaurikharka and popularised the place, enticing followers on TikTok or YouTube to retrace their footsteps. But even as they become more popular, these fragile and once-remote places should be protected from over-tourism.&nbsp;  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20250731110736_f97110b7cdc3e7f80d5877690948fc9f4c95a09c583deb23b07355491e6c5446.jpg" data-media-id="editor_8" data-image-id="20250731110736_f97110b7cdc3e7f80d5877690948fc9f4c95a09c583deb23b07355491e6c5446" data-rendition-name="original" width="1083" height="699" loading="lazy" alt="Visit Nepal in the monsoon NT"> </figure>  <h2>INCREASING FOOTFALL</h2> Chaurikharka is located in Bhume Rural Municipality of East Rukum, near the scenic valley of Dhorpatan in Baglung district. Even in the <a href="https://nepalitimes.com/banner/monsoon-culture">middle of the monsoon</a>, there is a steady stream of Nepali hikers trooping to these high pastures – especially during festival days like Saune Sankranti which this year was on 17 July and actually marks the auspicious beginning of the monsoon here. “This year the rains have not been as heavy and there have been some clear mornings when we could see everything from Dhaulagiri to Machapuchre,” says Khageswar Bhandari, who trekked up here from the road. “The flowers, the greenery and the snowy mountain views make this an incredibly unique place.”&nbsp;  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20250802130824_1b9e26f2e9853fdfe69154bb42a7c9ea6da4bf4940efc1da99b304dcfbd7d3d9.jpg" data-media-id="editor_10" data-image-id="20250802130824_1b9e26f2e9853fdfe69154bb42a7c9ea6da4bf4940efc1da99b304dcfbd7d3d9" data-rendition-name="original" width="2048" height="1152" loading="lazy" alt="Visit Nepal in the monsoon"> </figure>  Chaurikharka is worthwhile to get to in any season, but it has a different charm during the monsoon. Word has spread and because it is now easy to get to from Baglung or even Pokhara, people have been flocking here.&nbsp; “Holidays and Saturdays see the largest crowds, with up to 500 visitors every day,” says ward chair Mankaji Pun of Bhume.&nbsp; There was a time not too long ago when local herders brought sheep, goats, cows, buffaloes, horses, and mules to graze here during the monsoon. Although there are still livestock around, animals have been replaced by visitors taking selfies. Read also: <a href="https://nepalitimes.com/here-now/the-monsoon-and-nature-s-arithmetic">The monsoon, and nature’s arithmetic</a>, Tom Robertson Ward Chair Pun says infrastructure development is his main priority. A foot trail to Chaurikharka was built last year by the Tourism Division Office in Kohalpur, but access via the Raniwas-Koipa road section still remains challenging.&nbsp; “If we get more budget, we can improve the road and facilities to make Chaurikharka the main tourist attraction of this region,” says Bhume Municipality Chair Hom Prakash Shrestha. “After that, we hope to promote Chaurikharka as a top tourist spot.”&nbsp; Economic activity is also picking up with the arrival of visitors, but there seems to be a need to manage the makeshift sheds made of corrugated sheets that spoil the beauty of the place. Tea shops and lodges are also available but facilities are basic. Kuldeep Neupane took a three-day trip from Ghorahi in Dang to visit Chaurikharka recently, and says: “This is an ideal trip to make a quick getaway and let nature recharge your mind and body. And it is much more fun with a tent, to watch the sunrise over the Himalaya or the mist blowing in.”

Visit Nepal in the monsoon

Two weeks ago, Prime Minister KP Sharma Oli announced jubilantly on social media that Nepal had achieved a historic annual growth of 81.8% in exports. He was right. Nepal’s trade did take a great leap forward compared to last year. But the dramatic rise was mainly due to processed soya bean oil.&nbsp; However, Nepal does not produce the edible oil it exports. In fact, the soya and palm oil that make up 44% of total exports are imported from Southeast Asia and South America, and simply re-exported, mostly to India.&nbsp; Under the SAFTA (South Asian Free Trade Area) Agreement, Nepal can export products to India duty-free if it has at least 30% value-added. Nepal’s traders have taken advantage of SAFTA even though the edible oils they export do not reach that value addition threshold. “The 30% value addition requirement is often only on paper,” says former commerce secretary Purushottam Ojha. “It is clear that simply packaging edible oils in Nepal does not fulfil the terms of the trade agreement.” Prime Minister Oli is aware of this, and even called Nepal’s export figures “fake” at an earlier event. The government is relying on other iffy figures to suggest that Nepal’s economy is strong and getting stronger. For example, the value of imports rose by 13.25% in 2024-25 compared to the previous fiscal year.&nbsp; Some of it was due to a jump in electric vehicle imports worth Rs 31.76 billion, but mostly it was because more wholesale soya oil was imported to be re-packaged and sold in India. The very fact that the government boasts about increased imports is an indication of how much it relies on taxing them for revenue. Touting such trade figures cannot be the basis to claim an economic rebound.&nbsp; “A jump in the value of imports can be interpreted as an increase in purchasing power, but it is not evidence of a stronger economy,” says economist Keshav Acharya. “Even though imports have increased, Nepal's domestic production and productive capacity have not improved.” Nepal Rastra Bank's semi-annual economic activity study report shows that industrial production was down in the first six months of the last fiscal year. This despite an increase in the number of new industries registered and investment commitments. Out of the Rs70.2 billion proposed foreign investment, Nepal received only Rs17.9 billion last year.&nbsp; Meanwhile, the rate of capital formation was limited to 24% last year, which is lower than the year before, suggesting that new investment, job creation and economic expansion all declined. If domestic production does not improve in relation to this year’s inflated trade figures, the outflow will put pressure on foreign exchange reserves like it did three years ago. At that time, Nepal borrowed from the IMF under its Extended Credit Facility Program to kickstart the economy.&nbsp;  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/2025080710084_2cdaaa5795828c4a7de93a0604ba884ef0a8b8f24cccd939f6c24e279ab6058f.jpg" data-media-id="editor_0" data-image-id="2025080710084_2cdaaa5795828c4a7de93a0604ba884ef0a8b8f24cccd939f6c24e279ab6058f" data-rendition-name="original" width="1633" height="723" loading="lazy" alt="Nepal's bubble economy NT"> <figcaption>Source: NEPAL RASTRA BANK</figcaption> </figure>  The macroeconomy is on firm footing with foreign exchange reserves at a comfortable Rs2,520 billion in May, up 23% from last year. This was largely due to remittances, and partly due to a falling NPR exchange rate. Real estate transactions and the stock market index have also been climbing as a result of government policies to revive the sector.&nbsp; However, former executive director of Nepal Rastra Bank Nar Bahadur Thapa cautions: “This is not organic growth, it is the result of deliberate policy decisions to relax rules on real estate and stock markets transactions.” In reality, the sharp rise in land prices have increased the cost of production, and excessive monetisation of the real estate has become the main source of Nepal’s economic woes. The central bank has announced a slew of new policies, shifting the terms of loan repayment for industrialists and entrepreneurs, reducing interest rates, and injecting more working capital — all designed to inject adrenaline into the real estate and stock market sectors.&nbsp; When he was governor, Mahaprasad Adhikari made several financial reforms during the latter half of his tenure to stimulate the economy, including tightening credit flow.&nbsp; By the last fiscal year, additional financial reforms had resulted in a credit expansion rate of around 8%. As the pace of credit expansion slows, real estate prices have started to fall. This is actually beneficial to the economy, because it lays the foundation for improvements in land-related entrepreneurship, production, and the construction sector. Just because real estate and the stock market transactions increase, it does not indicate an economic turnaround — especially when manufacturing and productive sector continues to languish.&nbsp; “It is foolish to believe that real estate and the stock market have magically revived our economy. Agriculture employs more than half of the population, but it is in decline. Investment in the productive sector has not increased, and job creation has not increased.” Two years ago, Nepal’s industrialists, business leaders, and political leadership predicted a recession amidst a sluggish business, declining market demand, large-scale job loss, and a shrinking real estate and share market.&nbsp; Still, the economy grew by 3.36% in fiscal year 2023/24. In fact, Nepal’s economy has grown nominally over the last two decades even when all sectors of the economy are in decline.&nbsp; Says Keshav Acharya: “The growth in trade, real estate, and the stock market are bubbles. The real economy remains stagnant.”

Nepal’s bubble economy

The final investigation report on the crash of a Saurya Airlines jet on 24 July 2024 at Kathmandu airport has revealed flaws in the carrier’s technical operation procedures, poor monitoring by the Civil Aviation Authority of Nepal (CAAN) and gaps in the airport’s emergency response. Eighteen people including a child were killed, and only the captain survived as the plane plunged seconds after takeoff, crashing within the airport perimeter. This was the latest in a series of aircraft accidents in previous years, and further tarnished Nepal’s already poor aviation safety record and contributed to the country being retained in the EU’s air safety list. &nbsp;&nbsp;&nbsp; The circumstances in the Saurya crash were different from the Yeti Airlines crash in Pokhara in January 2022 that killed all 72 on board, and two Tara Air crashes in February 2016 and May 2022 on approach to Jomsom that together claimed 45 lives. However, all four tragedies were a result of negligence of carriers and crew, failure to follow procedures, regulatory slackness, and overconfidence. The Saurya crash, especially, was a glaring example of how an ailing airline broke its own rules to allow passengers, including non-employees, a joy ride to Pokhara on a maintenance ferry flight. CRASH REPORT The Final Investigation Report prepared by the Aircraft Accident Investigation Commission and released on the first anniversary of the crash last week carried a long list of rules that were ignored or broken, and of regulatory failure. The first mistake was to cram spares, tools and inflammable chemicals needed for the aircraft’s C-Check in Pokhara into the cargo hold flouting its own ground handling procedures.&nbsp; There was no check-in of passengers, some of whom were not even employees – even though regulations say only flight and maintenance crew should be on board a maintenance positioning flight. Many brought their own luggage into the plane and stored it unsecured in the cabin. There was no flight attendant to give a safety briefing to passengers. The load and trim charts given to the flight crew were rough estimates, and the total takeoff weight of the plane was 18,300kg plus or minus 200 kg. That would still have been all right, but there was a glaring mistake in the speedchart Saurya pilots were using to calculate the minimum takeoff speed (known as VR), and it had been wrong ever since the 21-year-old aircraft entered service with the airline in 2017. FAULTY DATA&nbsp; The Commission probed Flight Data Recorder inputs from previous takeoffs of the Canadian-built CRJ200-LR in 2023-2024 and found that the undetected error in the speedchart had caused the plane to pitch up at an abnormal rotation rate at least 18 times on previous takeoffs.&nbsp; Any rotation rate more than 3°/sec is regarded as unusual. But on at least two occasions, this aircraft with tail number 9N-AME had rotation rates of 5.8°/sec and 5.5°/sec, the second one was when the pilot who survived was flying in March 2024.&nbsp; On this particular day, the plane’s rotation rate was 6.5°/sec, causing it to go into a deep stall soon after takeoff, the Commission report said. Essentially, the plane was not flying fast enough down the runway to take off safely.&nbsp; It is not yet clear whether excess weight, unsecured luggage, wrong centre of gravity were also factors, but relying on a faulty speedchart for the given takeoff weight, the captain flying pulled back on the yoke before the plane had reached takeoff speed and at a pitch angle that was too steep. The investigation report says the plane then went into a deep stall and started banking right with the stick shaking. At this point, the flight officer on the right hand seat is heard on the cockpit voice recorder saying: “Whoa, whoa, whoa. Sir, Sir, Sir…” It then banked left before the pilot flying turned the plane sharply to the right again in an evasive action to avoid the parking aprons of the international and domestic terminals. Had he not done so, there would have been a disaster of a much greater magnitude at Kathmandu airport that day. The plane scraped the runway with its right wingtip, collided with a container having helicopter spare parts, and plunged into a gully east of the runway, exploding in a fireball. The investigation also noted that the impact forces seemed to be survivable for some occupants. The fire trucks took unnecessarily long to reach the site even though it was inside the airport perimeter. The absence of an ICAO-standard runway strip, inadequate rescue drills, lack of training, and a blocked emergency service gate leading to the crash site were cited as other factors. &nbsp;&nbsp; <h2>Timestamp of a Disaster</h2>  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20250731110724_39cdd04693994ce6e55a5b302905c0fa4884fe85bed21ff0779bb1439f3a5725.jpg" data-media-id="editor_0" data-image-id="20250731110724_39cdd04693994ce6e55a5b302905c0fa4884fe85bed21ff0779bb1439f3a5725" data-rendition-name="original" width="778" height="826" loading="lazy" alt="Flouting rules caused Saurya tragedy NT"> </figure>  11:10:34 - The Saurya Airlines CRJ200 on the takeoff roll from runway 02. It had a takeoff weight of about 18,300kg, but the pilot’s speedcard had a previously undetected mistake about the minimum takeoff speed. 11:10:55 -The plane with tail number 9N-AME goes into deep stall soon after takeoff because it does not have enough speed to lift its weight. The plane also has an abnormally steep nose-up attitude.&nbsp; 11:11:03 - Without enough speed to generate lift, the plane banks right, then left and right again in CCTV photos taken from the domestic apron (below). If it had not banked right, it could have hit the aprons and terminal buildings. Seen parked is Saurya’s other CRJ200 with tail number 9N-ANM.&nbsp;  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20250731110732_608132f7225c649125cca2691dd6a6bf930984c5b359e888d7ad9e5eacce3afd.jpg" data-media-id="editor_1" data-image-id="20250731110732_608132f7225c649125cca2691dd6a6bf930984c5b359e888d7ad9e5eacce3afd" data-rendition-name="original" width="770" height="555" loading="lazy" alt="Flouting rules caused Saurya tragedy NT"> </figure>  11:11:08 - The plane scrapes the runway with its right wingtip, and falls into the gully. The captain is thrown off the left side of the cockpit and survives. 11:11:15: Plane explodes in a fireball inside the airport perimeter. Firefighters take time to reach the site because of lack of access road and a blocked gate. Read the full investigation report <a href="https://www.tourism.gov.np/files/9N-AME%20AIC%20Final%20Report.pdf">here</a>.

Flouting rules caused Saurya tragedy

American artist Peter Makela was in Nepal in 2022 on a Fulbright scholarship when he experienced the Matya festival in Patan in which devotees made the rounds of the city’s shrines.&nbsp;
He joined the procession, walking through 2,600 stupa and 140 bahal of the town. That immersion left a lasting impression.
As part of Gallery Mcube’s international residency program in Patan, he put his inspiration to canvas in the exhibition Yala Yatra: Walking, Working, Worshipping. The exhibition also coincides with this month’s Matya festival.&nbsp;
Makela has visited Nepal often in the past 11 years but he mostly stayed in and spent his time around Boudha. “This time I stayed in Patan, put the sites I wanted to visit on my map, and off I went,” he tells us. “Each of my artwork is inspired by the stupas and shrines in Patan that I visited.”
The stupa and Ganesh are recurring motifs in his watercolours, and the elephant gods are located in chaityas — reflecting the interplay and blending of the Hindu and Buddhist faiths in Kathmandu Valley.&nbsp;
The stupas and Ganesh are painted in vivid red, yellow, blue and green against abstract backgrounds meant to represent the sky.
“I use the sky as a backdrop because the sky has no border,” says Makela. “The four colours represent the four elements, the different Buddha families and also lights bouncing off of a rainbow.”
The use of just four colours for all the artwork stands out, and combined with the absence of heavy canvases, frames or stands render Makela’s art striking in its simplicity.&nbsp;
The Ganesh is always holding something and the art also portrays the elephant god’s sacred vehicle, the mouse.
While his vibrant stupas and Ganesh reflect the tangibility of Patan’s tradition and heritage, it is as if the backdrops with their shades of grey and red and yellow capture the soul of the city’s shrines.
“If you look closely, there is a sense of form and formlessness at the same time,” he says.&nbsp;
Makela walked 108 kora around the shrines during his exploration of the town, and in the process developed a spiritual connection with Patan’s heritage and traditions.&nbsp;
The exhibition connects with visitors on a deeper, more spiritual, level as well. And with it, they feel a sense of pride as well as the need to urgently preserve Patan’s heritage for future generations.
“Peter’s inclination and approach towards Nepali art and culture is fascinating, and it reflects in his work,” says Mcube curator Manish Lal Shrestha, whose international artist residency program promotes Nepal’s cultural heritage. &nbsp;&nbsp;
Yala Yatra: Walking, Working, Worshipping
1-5 August&nbsp;
10AM-7PM
Gallery Mcube, Patan

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Walking, working, worshipping in Patan