<img width="1500" height="1083" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022110814114/636a54889c7e80680e0523b4jpeg.jpg" alt=""/>Lee and Austin are brothers who don’t seem to have much in common. Austin is a cultured man with an Ivy League degree trying to make it as a screenplay writer. Lee is a wanderer who lives in the shadows. But when they come together in a difficult situation, it seems they are not different at all: each brims with <a href="https://www.nepalitimes.com/opinion/the-roots-of-rape/" target="_blank" rel="noopener">toxic masculinity</a>.Nepal-based director <a href="http://archive.nepalitimes.com/blogs/thebrief/2016/08/23/bhagvad-gita-as-opera/" target="_blank" rel="noopener">Deborah Merola</a> has chosen to stage this Pulitzer-nominated 1980 play by American playwright Sam Shepard without translation or much adaptation. You can Google the plot, spoilers and all, but we are just going to tell you that Austin suddenly stands to lose his dreams, despite his superior education and manners. And Lee, though on the brink of gaining everything, knows he cannot make it without his brother’s refined education. And so the brothers blame each other for their plight and battle it out, with an alcoholic father and a passive mother added to the mix.Brothers envying one another is familiar to most of us: while Lee thinks that Austin — with his fancy degree and a foothold in Hollywood — is living the glamorous life, Austin thinks that Lee is a daredevil racking up new adventures every day.Read also: <a href="https://www.nepalitimes.com/review/the-violence-of-violation/" target="_blank" rel="noopener">The violence of violation</a>, Sewa BhattaraiThis intense drama simmers with an undercurrent of violence that threatens to explode. And sitting in the present, we cannot help remind ourselves of masculinity today — that however much things change, they remain the same. Lee’s desire to dominate everyone around him is an obvious example but so is Austin, whose manners are a mere veneer for what lies underneath.“This drama is relevant today in the era of Donald Trump, when toxic male machismo is on the rise,” Merola tells us after a rehearsal this week at Kausi Theatre.Perhaps because of its contemporary resonance, the drama is enjoying a revival today with a recent Broadway production starring Ethan Hawke and another starring <a href="https://www.nepalitimes.com/review/game-of-thrones-familiar-to-nepalis/" target="_blank" rel="noopener">Game of Thrones</a> protagonist Kit Harington. Set in the US 30 years ago, it is considered a quintessentially American play, but the cast here feel that it has universal resonance today.“We in Nepal think the grass is greener on the other side, and many of us go abroad with great expectations. But often what awaits is disillusionment,” says Divya Dev, who plays the younger Austin. Dreams can come crashing down any time and when that happens, Austin has nothing to hold on to, and reverts to base instincts.Read also: <a href="https://www.nepalitimes.com/banner/hop-over-the-gender-gap/" target="_blank" rel="noopener">Hop over the gender gap</a>, Reeti K.C.Alejandro Merola, who is menacing as the older Lee, feels every well-written drama has a wide resonance. “The lone alcoholic who slowly drifts out of respectable social circles and lives a criminal life on the edges is a universal character,” he says. “The play reminds us that there is an increase in such characters today.”Eelum Dixit has a powerful stage presence as the easily manipulated producer Saul who doesn’t speak up against bullies, and Kurchi Dasgupta makes an impact as the lost, possibly depressed, mother who stays indifferent even as her sons fight. Divya Dev is at his best as the melancholy Austin, who appears a gentleman but is full of passive aggression. Alejandro Merola frightens us with his outright hostility until he makes an unbelievable transformation.The drama is a stark portrayal of the unrealistic standards of success that modern society demands, and of the loss of simplicity and innocence. We see these mores manifesting now in Nepal, as well. Says Kurchi Dasgupta, who plays the mother: “Even though it is set in a particular time and place and has a distinctly American feel, you can draw allegories to the current time.” True WestKausi Theatre, Teku6-15 Sept

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Replaying male machismo

<img width="640" height="417" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108111156/636a35e09c7e80680e0482d4jpeg.jpg" alt=""/><img width="640" height="461" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108111156/636a35e39c7e80680e0482d5jpeg.jpg" alt="">Every Monday morning for the next few months a lot of Nepalis young and old will be up early to watch tv. No, not for the Champions League, but for the latest episode of the last season of the<a style="background-color: #ffffff; font-size: 15px; letter-spacing: 0.01em;" href="https://www.imdb.com/title/tt0944947/" target="_blank" rel="noopener">Game of Thrones.</a> Our own bloody history of palace intrigue and royal feud perhaps make Nepalis familiar with the conspiracies, back-stabbing, violence, and belief in the supernatural that are staple fare of the HBO series based on the novels of <a href="http://www.georgerrmartin.com/" target="_blank" rel="noopener">George RR Martin</a>. Those who think there is too much blood-letting, gratuitous gore, or an unrealistic plot only have to look back at Nepal's own history of massacres at the Kot, Bhandarkhal and Narayanhiti to know that the stuff is all too real. The <a href="https://nepalitimes.atavist.com/three-kings-in-four-days-nepal-massacre" target="_blank" rel="noopener">royal massacre of 2001</a> is still fresh in many minds, and would have made a great tv series to beat any melodrama that  Bollywood or Hollywood could concoct. We in Nepal may be ahead of the rest of the world in real-life bloodbaths, but are still behind in their artistic representation. That must be why we from the land of the erstwhile 24 Kingdoms take vicarious pleasure in bloody feuds in the 7 Kingdoms of Westeros. And if you miss the next episode (who wants to wake up at 6:45 AM?) there are plenty of cafes in town that have started holding screenings on Monday evenings, some free and some paid, where you can join fellow GoT addicts. There is nothing earth-shattering in the first episode of Season 8, in fact it leaves the viewer distinctly underwhelmed. There are some predictable meetings that flash back to Season 1 Episode 1 almost ten years ago. Sure, Jon gets on his dragon for the first time and flies off with Danaerys to romance in a mountain, and sure, Arya faces her captor The Hound, but there is nothing extra-dramatic or memorable. Especially after a searing end to Season 7, these plot lines barely create a ripple. That was perhaps to be expected of the first episode, however, because it is only setting the scene for the finale. The episode did have its moments: one of which was that Cersei, as usual, has a new lover, but this time her brother is not by her side to save her from her foolish dalliances. The fact that she orders her beloved (pun intended) brother Jaime killed is quite a shocker, even for Cersei. Meanwhile, the other queen Danaerys, known to flirt with women when she likes to, misses it badly this time, as she comes across a battle-hardened Sansa Stark whose looks belie her steeliness. The interaction between the two women, friendly up front but simmering with resentful sparks below, is something to behold. And this brings us to the crux of the finale, which has been plaguing fans for two blank years: what is going to happen now? You know it is the beginning of the end when the episode goes back to the very beginning, with a huge retinue marching into Winterfell. Nothing seems changed, and yet, everything has changed. The Starks are not the innocent fools they used to be, and yet, they continue to be noble fools. https://www.youtube.com/watch?v=rlR4PJn8b8IGame of Thrones is famous for decapitations galore and moral ambiguity in a plot that is like a cross between Rana sibling infighting and The Sopranos. For the past few seasons, as the story focuses on the threat of the Night King's Army of the Whitewalkers, there have been clearer heroes and anti-heroes. Everything is looking good for Jon Snow, and the much admired Danaerys Targaryen. Is the show moving towards a typical happy ending after all?Viewers will also notice that the colour palette for this season is relatively muted. Blacks, grays, and the occasional white on Danaerys, but none of the vibrant blues of Margery or the flamboyant yellows of Ellaria. The colour range owes a lot to the fact that winter has come to the wintry north. But it also befits the sombre mood as the White Walkers' Army of the undead has finally broken through the magical ice wall. The costumes are stunning as usual, and there is much to enjoy visually, even apart from the drama. The revamped title sequence, for one, includes new locations, new stories, and interiors of the castles that we previously only saw from outside.The big reveal of the episode, Jon Snow's lineage, was not a big surprise to viewers at all, who have known for quite some time who he is. But finally, something has changed, and the next episode will hopefully see more action along these lines. All along, Jon Snow knew nothing, and now, he knows something.

Game of Thrones familiar to Nepalis

<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108101128/636a21b69c7e80680e041753jpeg.jpg" alt="" width="1500" height="1000"/><figcaption>Photos: BIKRAM RAI</figcaption></figure>Amrita Acharia arrived at the children’s shelter in Godavari on Friday morning wearing a pastel shawl with intricate woven patterns. When complimented, she replied with a smile: “This is Palpali Dhaka, we went all the way to Tansen to get it.”Daughter of a Nepali father and Ukrainian mother, the Game of Thrones actress is in Nepal after 16 years on a journey to reconnect with her roots, and a long-awaited to visit the <a href="https://www.chorachori.org.uk/">ChoraChori</a> children’s charity <a href="https://www.nepalitimes.com/latest/amrita-acharia-in-charity-drive/">she is involved with</a>.ChoraChori rescues <a href="http://archive.nepalitimes.com/article/nation/runaway-boys-brought-home-to-%20Nepal,2950">trafficked Nepali children</a> from <a href="http://archive.nepalitimes.com/news.php?id=2478#.XC9w9S0Q0Wq">circuses</a> as well as victims of rape and abuse in India, giving them skills-training, rehabilitating them, and reuniting them with families when possible. Acharia helps the UK-based charity with fundraising dinners and other promotional activities.After leaving Nepal at the age of seven, Acharia grew up in different parts of Europe and turned to acting. The HBO series Game of Thrones made her a household name seven years ago. She acted in the role of Irri, maid to the heroine Daenerys, in the show reputed to be the world’s most watched.“People get killed so easily in that show, I was lucky to have survived for two seasons,” she laughs.  “That was so long ago, but it was a good start for me. It opened the door for me to work in other shows.”Read also: <a style="background-color: #ffffff; font-size: 15px; letter-spacing: 0.01em;" href="https://www.nepalitimes.com/latest/amrita-acharia-in-charity-drive/" target="_blank" rel="noopener">Amrita Acharia in a charity drive</a>After that, Acharia appeared in many British and Norwegian productions, and is currently busy as a doctor in Good Karma Hospital. She doesn’t know whether her father, a real-life doctor, finds her take on the medical profession convincing. “He enjoys it as a show, but he is also aware of the artistic liberties we take,” she says.<img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108101128/636a21b99c7e80680e041754jpeg.jpg" alt="" width="1148" height="1500">Good Karma Hospital is set in Kerala, but filmed in Sri Lanka. It was while on location there that she was reminded a visit to Nepal was long overdue both to see the land she grew up in, and also to visit ChoraChori.“I like how ChoraChori hosts children in a safe environment, provides them with education and skills, and makes them independent, and that is what drew me to help them,” she says. “A lot of people know me, and I want to use that fame to shed some light on the <a href="https://archive.nepalitimes.com/article/nation/Nepali-children-rescued-from-India,3618">issues of Nepal’s children</a> and the efforts by charities like ChoraChori to address them.”On this trip, Acharia also trekked to Ghandruk, visited Butwal, Bhairawa, and Arghakhanchi to meet her father’s side of the family. She does not remember the Nepal of her childhood much, and her impression of this trip is that Nepal is a little busier, but otherwise the same.Does it feel like home? “I have lived in so many places that I adapt easily,” she answers. “So I am always partly at home, and partly an outsider everywhere. In Nepal, I found there are still people who think of me as family. And that feels good.”Raised in Britain and Norway, Acharia calls herself multilingual and multicultural, but has not been typecast as someone from a minority community in films. She says: “I don’t look like a typical Asian. I could be cast as anything, from Caucasian to Latina to Asian. So being of mixed race is actually an advantage for me.”Acharia’s parents spoke to each other in Ukranian and Russian, so she lost touch with Nepali. But she says she enjoyed being immersed in Nepali everywhere on this trip. In Godavari, Acharia asked in halting, accented Nepali what the girls learnt in tailoring class.She has never watched a Nepali movie, but says she is open to acting in one if she likes the project. “But I do not like my voice to be dubbed, so I must first learn Nepali,” she adds in English. “Maybe next time I can answer your questions in Nepali.”<img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108101128/636a21bd9c7e80680e041755jpeg.jpg" alt="" width="4000" height="3000">

Amrita Acharia comes home

<img width="1131" height="1700" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221107171136/6369349d9c7e80680e03e006jpeg.jpg" alt=""/>Game of Thrones actress Amrita Acharia has joined the online appeal for funds for the charity <a href="http://www.chorachori.org.uk/">ChoraChori</a> that has rescued 147 trafficked and displaced Nepali children from <a href="http://archive.nepalitimes.com/article/nation/runaway-boys-brought-home-to-%20Nepal,2950">slavery and abuse</a> in India.The 31-year-old Nepali-Ukrainian actress is based in Norway and acted in HBO’s Game of Thrones, UK tv series The Good Karma Hospital, the Norwegian tv series Acquitted and in the forthcoming animation The Missing Link.Says Acharia: “My father was educated, and he made sure we were educated and taught self-respect. When we moved away from Nepal, it was that education that gave us stability and the chance to follow our dreams. I love it that ChoraChori works on empowering young girls after these experiences, and gives them tools rather than just rescuing and dumping them in an orphanage”.Acharia was born in Kathmandu but her family moved to England when she was seven and after spending some years in the Ukraine, attended High School in Norway where her father is an obstetrician. She is now looking forward to going back to Nepal after 16 years to visit ChoraChori’s facilities in Thaukel. <img width="750" height="744" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221107171136/6369349f9c7e80680e03e007jpeg.jpg" alt="">Most of the rescued children are boys whom ChoraChori has reunited with their families who hadn’t heard from the boys in years and had come to believe them to be dead. Most of the children had left home in search of work before being trafficked, were apprehended by the Indian authorities and <a href="http://archive.nepalitimes.com/news.php?id=2478#.W_yxTy2ZMWp">later rescued</a> and brought back to Nepal.Some of the children were runaways from domestic abuse whom ChoraChori funds through vocational training and into good employment. ChoraChori last year <a href="https://archive.nepalitimes.com/article/nation/Nepali-children-rescued-from-India,3618">rescued Nepali girls</a> from a notorious children’s home in Muzaffarpur where at least 34 residents were gang raped by care home officials and outsiders. These girls are currently supported at ChoraChori’s child trauma management centre alongside a growing number of domestic child rape victims.“We’ve only just begun” says ChoraChori Founder Lt Col (retd.) <a href="http://archive.nepalitimes.com/news.php?id=17939#.W_yxeS2ZMWp">Philip Holmes</a>. “We know that there are still scores of Nepali children trapped in Indian institutions and the Muzaffarpur case has brought into sharp focus just how dangerous these centres are for children.”With Brexit, ChoraChori is feeling the effects of a financial squeeze in the UK charitable sector. Which is why it is launching ‘The Big Give’ online Christmas appeal. For one week only from noon GMT on Tuesday 27 November, all online donations are automatically being doubled in value in the charity’s main annual fundraising drive.Says Holmes: “The truth is that some of the rescued children are so young that they even lack the vocabulary to describe what has been done to them. That is heart-breaking, but I have been encouraged and inspired by how ChoraChori-Nepal has risen to the challenge.”To see Amrita’s video appeal and donate to ChoraChori through The Big Give visit <a href="http://www.chorachori.org/">www.chorachori.org</a>

Amrita Acharia in charity drive

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

Nepal is graduating to become a developing country on 24 November 2026 after half-century in the Least Developed Country (LDC) category. By 2030, the country hopes to transition to middle-income status.&nbsp; Everone from Prime Minister K P Oli have boasted that this is a matter of national pride, and will have a multiplier impact on trade and economy.&nbsp; But will it make any difference to the average Nepali? Not unless improved governance <a href="https://nepalitimes.com/news/why-invest-in-nepal">spurs investment and creates jobs</a>.&nbsp; Countries need to meet at least two of the three criteria in two consecutive triennial reviews to be eligible for graduation from LDC. Nepal has consistently met the thresholds for the Human Assets Index (HAI) and the Economic and Environmental Vulnerability Index (EVI) in 2015, 2018, and 2021. But Nepal was recommended for graduation before meeting the per capita <a href="https://nepalitimes.com/banner/nepals-great-income-divide">Gross National Income (GNI)</a> threshold of $1,306. “A major implication of LDC graduation is the loss of preferential market access available through Generalised System of Preferences (GSP) and other arrangements,” explains economist Sameer Khatiwada. “But over two-thirds of <a href="https://nepalitimes.com/news/nepal-doesnt-produce-its-2-biggest-export-items">Nepal’s exports</a> are to India, and the preferential market access to India is through a bilateral trade agreement. This has nothing to do with our LDC status.”  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20250815060832_f5eabe7628a8cdf84f33b25d7cef3c4dc8913a26d8e5b253ea52a36e176b8a85.jpg" data-media-id="editor_3" data-image-id="20250815060832_f5eabe7628a8cdf84f33b25d7cef3c4dc8913a26d8e5b253ea52a36e176b8a85" data-rendition-name="original" width="640" height="470" loading="lazy" alt="LDC graduation "> </figure>  Furthermore, a provision under the South Asian Free Trade Area (SAFTA) allows Nepal to export to India duty-free if the items are at least 30% value-added. Nepali traders take advantage of this by re-exporting edible oils without meeting that requirement, falsely boosting Nepal’s exports.“ Following graduation from LDC, the value addition threshold might increase to 40%,” says Kalpana Khanal of the Policy Research Institute. “This is supposed to work to our advantage, because on paper value addition inherently means <a href="https://nepalitimes.com/multimedia/staying-home-to-create-jobs">job creation at home</a>.” But Nepal’s exports to other major destinations will face <a href="https://nepalitimes.com/news/nepal-and-the-us-india-tariff-tiff">tariff increases</a> with the graduation. A South Asia Watch on Trade, Economics and Environment (SWATEE) study shows that while tariff increase in the US market is relatively low (see page 5) it is considerably higher in Europe. The International Trade Centre (ITC) in a 2022 study also estimated that graduation could result in a 4.3% decline in Nepal’s projected exports, but this is excluding the impact of changes in ‘rules of origin’ provisions in preference-granting countries such as the UK and Europe.&nbsp; Nepal’s top export to these preference-granting countries is <a href="https://archive.nepalitimes.com/news.php?id=1482">carpets</a>, and will not be impacted, but other items such as textiles and apparel will be heavily affected due to higher cost of production. The impact will felt mostly by small and medium enterprises which represent the largest share of exports to LDC-specific preference-granting countries. As for the service exports, Nepal never really made use of the World Trade Organization’s LDC services waiver anyway, hence the effect will be minimal, if any. There is also concern about Nepal’s graduation at a time when the global economy is topsy-turvy, amidst <a href="https://nepalitimes.com/opinion/turning-point-in-us-india-relations">tariff wars and conflicts</a>. This affects Nepalis abroad directly and may impact <a href="https://nepalitimes.com/news/more-remittance-more-than-remittance">remittances </a>which hit $11 billion in 2024. In comparison, Nepal only received $350 million in foreign loans and grants last year.&nbsp; Tourism arrivals have finally reached pre-pandemic levels, but bad publicity about pollution, poor infrastructure and bureaucratic hurdles hinder further growth. Manufacturing continues to struggle, while hydropower and the IT sector have taken off.&nbsp; “Look at data -- <a href="https://nepalitimes.com/news/tourism-needs-a-new-push">tourism arrivals</a> are up, spending is up, IT exports are up, <a href="https://nepalitimes.com/news/why-nepal-needs-to-restore-ev-tax-subsidy">EV sales </a>are up, Europe still needs 85-90 million skilled workers. We are sitting on $16 billion in cash reserves, our balance of payment, foreign exchange reserve, tax to GDP ratio, credit flow are all positive, we have to build on these factors,” says Sujeev Shakya of the Nepal Economic Forum. He adds: “Our mindset creates negativity to promote rent-seeking behaviour, but this cynicism will go away after 2026 with LDC graduation. We must deal with data, look at trends, and projects which will bring in <a href="https://nepalitimes.com/from-the-nepali-press/why-there-is-no-foreign-investment-in-nepal">international investments</a>.” Khanal agrees that investment is not dependent on<a href="https://archive.nepalitimes.com/regular-columns/backside/Nepal-not-the-least-developed-country,306"> LDC status</a>. The factors that that affect investment are policy stability, a strong legal framework, market potential and ease of doing business. She adds, “That is where our focus needs to be, and we need to retain <a href="https://nepalitimes.com/diaspora-diaries/migrant-worker-returns-to-create-work-at-home?fbclid=IwAR09xJfsClCwn8uRVAmz28CU658vdKpuyDwB_b1sNlvKtAFFnSldnA0JS2g">Nepalis with jobs at home</a> for our sustained growth.” After 2026, financing support from donors and aid agencies could be affected and Nepal will no longer be able to access Least Developed Countries Fund (LDCF) to adapt to the impacts of climate change. But the Global Environment Fund and Green Climate Fund will still be available.“ LDC status does not determine bilateral development aid, that is usually driven by broader <a href="https://nepalitimes.com/here-now/looking-beyond-two-boulders">geopolitical considerations</a>,” says Sameer Khatiwada. “The World Bank and Asian Development Bank, which provide concessional loans to Nepal, it is determined mainly by per capita income, not LDC status.” &nbsp;However, Nepal may lose some concessional terms for loans. Nepal is currently a lower-middle-income country as per the World Bank in the bracket for GNI between $1,036 and $4,045. The country is already receiving more loans than grants and in July the World Bank increased its interest rate on loans by 100% from 0.75 to 1.5%. “All this means that the impact of LDC graduation for Nepal might not be as earth-shattering as some tend to think. Countries that have recently graduated, such as Botswana and the Maldives, have shows that graduation is just a step in a country’s development path,” says Khatiwada. Sujeev Shakya also sees the glass as half full, explaining that LDC graduation is just a stepping stone if Nepal has the right policies in place. He adds, “Nepal’s biggest advantage is our<a href="https://nepalitimes.com/opinion/investing-in-people"> working age population</a> and we have investments coming in. These aided by how adaptive we are as a society are the very foundations on which Nepal will grow.”

Not poor, but not rich

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>.