<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109101116/636b70779c7e80680e06007cjpeg.jpg" alt="" width="2422" height="1752"/><figcaption>Misty jeep drives in Chitwan National Park. Photo: Rufus Van Gruisen</figcaption></figure>It was our mother’s idea to do a family visit to Nepal to mark her 80th birthday. Although over the years everyone had been to visit in various combinations, the idea was for us Van Gruisens with spouses to all be together with our children, who in 2004 ranged from 17 to seven years old, resident as far apart as the US, UK, Australia, India and Nepal. A carbon footprint that created memories and forged cousinly bonds.The cold months suited school holidays and us five siblings getting time off our various work commitments. In all, 21 of us were gathered in Kathmandu before heading off to Chitwan then a trek in the Annapurna foothills followed by New Year at Tiger Mountain Pokhara Lodge. As well as Christmas and New Year, there were birthdays to celebrate, and palaces, temples, jungles and mountain villages to explore.Read also: <a href="https://www.nepalitimes.com/opinion/dads-deception/" target="_blank" rel="noopener">Dad's deception</a>, Lisa Choegyal<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109101116/636b707b9c7e80680e06007djpeg.jpg" alt="" width="2552" height="1672"><figcaption> </figcaption></figure>“We don’t do sightseeing, Mum,” my teenage boys warned, supported by the doting younger cousins. Nepal is one of the world’s best family destinations offering a range of real adventure experiences that appeals to all ages, something for everyone.The Tarai in winter can be one of the coldest places in Nepal. Thick tendrils of grey fog insinuate their way into your bones, through the thatch roofs and bamboo walls, stubbornly refusing to be burned off by the weak winter sun. After warming ourselves by the fireside, my boys led their tribe of clamouring cousins, willing uncles and eager aunts on chilly wildlife safaris, elephant camp visits, misty jeep drives, boat rides and forest walks.Rinchen’s 16th birthday party featured the statuary elephant dung cake as well as late night singing, Tharu dancing and animal impersonations on the mud floor of the tented camp Golghar. We fell asleep under heavy quilts to the sound of nightjars and a distant deer barking an alarm call.Read also:<a href="https://www.nepalitimes.com/opinion/nepals-naturalist-elite/" target="_blank" rel="noopener">Nepal's naturalist elite</a>, Lisa Choegyal<a href="https://www.nepalitimes.com/opinion/the-genesis-of-elephant-polo-in-chitwan/" target="_blank" rel="noopener">The genesis of elephant polo in Chitwan</a>, Lisa ChoegyalAlways the keenest and most intrepid walker, our mother elected to miss the trek this time. On previous visits she had done most of Nepal’s main trekking routes, especially enraptured by the Everest region, and  in England she lived within reach of the Ridgeway with its ancient white horse carved into the chalk hills. My childhood had been punctuated with hearty Sunday afternoon walks through the ploughed fields and winter woodlands of Northumberland or, even worse, being dragged up Lake District peaks on day hikes to admire yet another view. It was only after I arrived in the Himalaya that I learned to love the rhythm and cadence of days spent travelling at the speed of my own two feet.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109101116/636b707f9c7e80680e06007ejpeg.jpg" alt="" width="640" height="960"><figcaption> </figcaption></figure>Our mother left us late last year. Actually, she would have preferred to have gone a couple of days earlier. “Why does dying take so long! I wish my brain would switch off,” she sighed impatiently. “You are so strong, and your time has not yet come.” Sarita, the Nepali nurse stroked her grey straying hair, something we were not permitted to do. Along with talking or laughing too loudly. “Well, I don’t want to be strong,” she said crossly.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109101116/636b70829c7e80680e06007fjpeg.jpg" alt="" width="640" height="427"><figcaption> </figcaption></figure>Six weeks earlier I had been with her in the bleak flat landscape of Oxfordshire. “It was 80 years ago today that the Second World War started – 3 September 1939. So consumed with Brexit, no one seems to have noticed.” My mother was 94 and had taken to her bed. “I remember I was 14 and it was all rather an adventure. The air raid sirens rang out that first afternoon and we all sat in the kitchen which was supposed to be the safest place. That was the beginning.”Read also: <a style="background-color: #ffffff; letter-spacing: 0.15px;" href="https://www.nepalitimes.com/opinion/a-house-in-budanilkantha/" target="_blank" rel="noopener">A house in Budhanilkantha</a>, Lisa ChoegyalMy mother’s wartime career went on to define her. Like many women from that era she missed out on a proper education, and found excitement in opportunities offered by World War II. She worked in SOE (Special Operations Executive, secret stuff) based in Ceylon (as it was then), and later founded the Special Forces Club in London, located in a crescent behind Harrods and known by taxi drivers at the Spooks Club.We had all gathered from our various corners of the globe, around her high-tech bed in a pleasant beige room in an Oxford hospital. Outside the autumn trees ebbed into gold. At her insistence there were no tubes, no sighing machines, no medical clicks and beeps. “The British national health is very good at being born and dying, not so great in between” my sister with two medical daughters observed dryly.My other sister, who lives in India, kept vigil each night sleeping on the blue lino floor. “Very third world,” discerned the doctor with mild disapproval on one of his rounds, spotting the mattress propped against the wall. My sister was annoyed to have missed the actual moment of her death, around the midnight hour. Typically with minimum fuss, it must have been quiet and peaceful.Sangjay and Rinchen stood beside her bed, a little bleary after long flights. They were lucky to find her lucid and chatty on one of those last days. “We have left the world in such a mess and it will be up to you to sort it out and save us” she tells them, passing the baton of responsibility. “Our generation has so much to be blamed for.”Read also:<a href="https://www.nepalitimes.com/opinion/so-far-so-good/the-kathmandu-crowd/" target="_blank" rel="noopener">The Kathmandu Crowd</a>, Lisa Choegyal<a href="https://www.nepalitimes.com/opinion/so-far-so-good/the-kathmandu-crowd/" target="_blank" rel="noopener">Survival Survivors</a>, Lisa Choegyal<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109101116/636b70859c7e80680e060080jpeg.jpg" alt="" width="640" height="853"><figcaption> </figcaption></figure>Even with her last energy she appreciates her Nepali nurses in Oxford, and asks about Kathmandu friends. Recalling the family trip and time spent walking in the Himalaya, a distant look comes into her luminous pale failing eyes. “What I would like is for my ashes to be scattered in the Nepal mountains – at Tengboche, amongst the forest and rhododendrons with those beautiful views. Sangjay, can you arrange it?”Thus, the Van Gruisens are committed to make their own intensely personal contribution to VNY2020 with another family visit of siblings and cousins later this year.

Lisa Choegyal

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Nepal: a family’s destination

<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108141116/636a57049c7e80680e0547b9jpeg.jpg" alt="" width="4032" height="3024"/><figcaption>The Druk Air fleet at home in Paro airport</figcaption></figure>Our flight arrived 45 minutes early. "Only in Bhutan, never in Nepal," grinned a retired army general shouldering his golf clubs and duty free at Kathmandu airport, heading for a weekend on the golf course.On landing in the unique traditional Paro airport, the mountain air fizzed and buzzed with excited tourists snapping selfies and Bhutanese rejoicing on return. Having admired the white Himalayan giants from afar, passengers shared palpable relief at the safe descent with farmhouses, fields and rocky crags flashing by just beyond our wingtips.The Druk Air dragons coil confidently on the orange yellow aircraft tails, and helpful women in colourful kira stamp us into the country from behind fragrant wood desks. Outside, men dressed in gho and knee socks take trouble to assist those caught out by the early arrival to link up with their drivers. Ah yes, the familiar magic of Bhutan is already weaving its spell.I have been here many times, but am still hopelessly susceptible to the enchantment. When Bhutan first opened to tourism in 1974 it was not long before I had a chance to visit with our client, Lindblad Travel. The Swedish visionary entrepreneur, Lars-Eric Lindblad, represented Bhutan from a corner of his New York office draped in prayer flags and woven cloth, and first advised His then-Majesty on the ‘high value, low volume’ model of tourism.Although I only got to Paro and Thimphu on that first visit, from the tortuous roads we spotted otters playing on the riverbanks, and I was captivated by the royal pageantry, ubiquitous archery, claret-clad monks and intense potency of the fortress dzong.Read also: <a href="https://www.nepalitimes.com/opinion/so-far-so-good/adventurers-in-a-vanishing-land/" target="_blank" rel="noopener">Adventures in a vanishing land</a>, Lisa Choegyal<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108141116/636a57079c7e80680e0547bajpeg.jpg" alt="" width="1632" height="1224"><figcaption> </figcaption></figure>I have helped with tourism, movies and events in Bhutan on a number of occasions. In 1992, Bernardo Bertolucci strutted the stone flagged courtyards of the massive Paro Dzong, directing with flair and flailing arms the feature film Little Buddha, more ambitious and elaborate than ever again attempted in that holy precinct.Special permissions were needed from the royal government for such an unusual invasion, and my quest graduated from officials in the rows of humble wooden sheds that housed the civil service, to the carpeted offices and corner stairways in the main seat of government in Thimphu, the Tashichho Dzong 'fortress of the glorious religion'.Ravens called and pigeons circled as we negotiated the guards and stepped through the huge doorways into the grey stone precincts, our Bhutanese escorts adjusting their raw silk sashes of formal respect. Sloping walls glowered above us to the painted eaves and massive roofs, and the quarters of the ruling monarch were indicated to us with due deference through the next courtyard. When the rare permission was granted, with typical charm the Foreign Minister hosted us to a celebratory dinner, sitting on carpeted benches and eating red rice, cheese and chillies off small carved tables.A decade later we were back to prepare a national ecotourism strategy, consulting for the tourism authority under the unforgiving eye and dishevelled goh of veteran Thuji Nadik, never one to suffer fools. With our WWF clients we trekked into the back blocks of Bumthang, through flowering rhododendron forests, remote palace strongholds and rural villages, staying in richly decorated houses with sparse impoverished interiors.Read also: <a href="https://www.nepalitimes.com/opinion/so-far-so-good/infectious-enthusiasm-for-travel/" target="_blank" rel="noopener">Infectious enthusiasm for travel</a>, Lisa Choegyal<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108141116/636a570b9c7e80680e0547bbjpeg.jpg" alt="" width="640" height="480"><figcaption> </figcaption></figure>We happened to be in Thimphu on 9/11, watching the New York drama unfold on a flickering screen in our favourite Yeedzin Guesthouse. The King called every American in the country to personally condole them and the monk body dedicated days of prayers to those lost in the Twin Towers. By a twist of fate, I stayed in that same guesthouse room last month, little changed since 2001, with familiar erratic service, creaking wood floors and wobbly taps, but now dwarfed by international brand hotels -- a six-lane bypass runs alongside Thimphu’s old archery ground.Read also: <a href="https://www.nepalitimes.com/opinion/recreating-tiger-tops-in-the-tropics/" target="_blank" rel="noopener">Recreating Tiger Tops in the tropics</a>, Lisa Choegyal<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108141116/636a570c9c7e80680e0547bcjpeg.jpg" alt="" width="640" height="853"><figcaption> </figcaption></figure>For Thuji and his team we returned several times with the ADB, working on Buddhist circuits and ecotourism. Driving to Mongar and Trashigang in the far east with our Nepali aviation colleagues, we inspected existing and proposed airports, trekking up hilltops to assess feasibility and enjoy the flowers, forest and mountain scenery.Near Trongsa we were rewarded with golden langurs leisurely crossing the road and, in the marshy valley of Phobjica, the sacred black-necked cranes honoured us with their elegant disdain. Communications in those days were so difficult that the Civil Aviation director in Paro was surprised when we reported that Yonphula airstrip, close to the Arunachal Pradesh border, had been recently resurfaced.During a job with the Norwegians, checking out tourism and environmental implications of a proposed hydropower master plan, we indulged in fly-fishing for trout in the pristine rivers. Strictly catch and release, the rules permit fishing only when out of eye-sight of any religious monument, dzong, chorten or stupa. One of Bhutan’s less likely exports is hand-tied flies for the world’s recreational fly-fishers.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108141116/636a570f9c7e80680e0547bdjpeg.jpg" alt="" width="640" height="480"><figcaption> </figcaption></figure>Bhutan is the first country in the world to become carbon negative: its forests absorb more carbon than its inhabitants burn. But although much admired as an astute national policy, Bhutan’s uniquely-managed, pre-paid tourism with its tiny population of some 800,000 people and gross national happiness brand is hard, probably impossible, to replicate elsewhere. Amongst our recommendations was to evolve the tourism strategy to ‘high value, low impact’, using financial mechanisms to control visitors at sustainable levels, nurturing the cultural ‘Bhutan style’ for visitors. And to find ways that more tourism benefits can stick in the countryside, something at which Nepal has been far more successful.Bhutan these days is on the move. Lofty electricity pylons march across the country, competing with the hosts of fluttering prayer flags that clamber up the steep ridges above the valley floors. Construction sites have come to characterise the creeping city perimeters of Paro and Thimphu as Bhutanese crowd in from the countryside, and pressure from Indian tourists threatens Bhutan’s grip on its carefully crafted tourism objectives.New hotels and apartment blocks faithfully reflect the carved and painted vernacular architecture of this last Himalayan eyrie, but new roads scar the hillsides and laden trucks grind their way up from India. The swarm of smart imported SUVs have to watch out for horses and mules grazing unfettered along the roadside, avoid the dogs supine in the sunshine, and steer around cows sleeping on the warm tarmac.But some things never change in this blessed kingdom. They still proudly wear their glamorous national garb, blithely manage their dependence on India,<a href="https://www.nepalitimes.com/opinion/who-stands-with-bhutanese-refugees-in-nepal/" target="_blank" rel="noopener"> ignore the thorny issue of refugees</a>, and zealously guard their traditions, navigating the cultural clash of ancient and modern. The Bhutanese must be the only nation on earth who so genuinely and universally adore and revere their royal family. Inspirational they are too, and I for one am happy to be bewitched by Bhutan.Read also: <a href="https://www.nepalitimes.com/opinion/so-far-so-good/the-kathmandu-crowd/" target="_blank" rel="noopener">The Kathmandu Crowd</a>, Lisa Choegyal

Bhutan is on the move

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

French citizen Louis arrived in Nepal for the first time earlier this year, planning to <a href="https://nepalitimes.com/banner/the-abcs-of-a-winter-trek-in-nepal">trek the Annapurna Circuit </a>before heading down to Bardia to hopefully catch a glimpse of some<a href="https://nepalitimes.com/news/nepal-counting-its-tigers"> tigers</a>. Before he began his journey from Besisahar, Louis (who only revealed his first name) had imagined breathing crisp mountain air, and following the melodious gurgle of the Marsyangdi.&nbsp; Instead, he had to breathe fumes and dust all the way to Chame. Louis says he masked his face with a handkerchief: “It was not what I expected, this is not right.”  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/2025080304080_f03fce1527cf8a63178e4e82589a1a7096c8cfa28893ca4a5f7fe82d91a6e38a.jpg" data-media-id="editor_2" data-image-id="2025080304080_f03fce1527cf8a63178e4e82589a1a7096c8cfa28893ca4a5f7fe82d91a6e38a" data-rendition-name="original" width="2419" height="1814" loading="lazy" alt="Manang trails NT 1"> </figure>  Many other trekkers are similarly disappointed as roads have been built along what used to be <a href="https://nepalitimes.com/banner/a-walk-back-in-time-chandragiri-hatiban">walking trails</a>. Manang and Humla are the last remote regions in the Himalaya to be connected to the national road network. &nbsp;Construction of the 87km Besisahar-Manang road began in 1994, but was stalled during <a href="https://nepalitimes.com/news/14-years-after-conflict-no-closure-in-nepal">the Maoist conflic</a>t, and finally finished in 2012.&nbsp; Most of it has not yet been blacktopped, and sections have been carved out of vertical cliff faces, making them treacherous. But it has allowed road access to Manang, a journey that previously took a week on foot.&nbsp;  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/2025080304084_32b3ca875a0df9f1dd42dbe915e6f6a2cd4f2e53f1cf2d3ee5cbdb3435905000.jpg" data-media-id="editor_5" data-image-id="2025080304084_32b3ca875a0df9f1dd42dbe915e6f6a2cd4f2e53f1cf2d3ee5cbdb3435905000" data-rendition-name="original" width="2400" height="1505" loading="lazy" alt="Manang trails NT 1"> </figure>  While the <a href="https://nepalitimes.com/opinion/the-road-out-of-nepal">road has improved access</a>, it has impacted on<a href="https://nepalitimes.com/here-now/trekking-in-the-time-of-climate-change"> trekking tourism </a>— the mainstay of Manang’s economy. The number of tourists visiting the scenic valley behind the Annapurnas grew from 21,245 in 2023 to 30,866 in 2024. The Annapurna Circuit is known for unique sights like <a href="https://archive.nepalitimes.com/news.php?id=9194">Tilicho</a>, one of the highest lakes in the world, the Thorong La pass that connects Manang to Mustang, and the valley’s own rich cultural heritage. Thorong La at 5,416m is the highest hiking pass in the world, and was used by locals for trade with Mustang before it became a <a href="https://nepalitimes.com/opinion/comment/lift-restrictions-on-upper-mustang">popular trekking route</a>. &nbsp; “For guests, the excitement of reaching Thorong La is now overshadowed by their disappointment of having to journey through dusty roads to get there,” says Manang lodge-owner Ongma Gurung. “That is the complaint we get the most.” <a href="https://nepalitimes.com/banner/tourism-that-treads-lightly-on-the-land">Local tourism </a>operators are trying to get the government to build alternative foot trails. But there have been delays due to a lack of budget.  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/2025080304084_c5f76e398182785bb17846a148e3ca89de5687b4623580f8e2d725a7a287edfa.jpg" data-media-id="editor_11" data-image-id="2025080304084_c5f76e398182785bb17846a148e3ca89de5687b4623580f8e2d725a7a287edfa" data-rendition-name="original" width="2419" height="1762" loading="lazy" alt="Manang trails"> </figure>  The Naso Rural Municipality has identified other routes along the Annapurna Circuit in Chyamche, Tal, and Khotro so trekkers can bypass heavy vehicles involved in the construction of the Manang-Marsyangdi Hydropower Project. “But the local government cannot do everything,” admits the chair Dhan Bahadur Gurung. “And for leaders in Kathmandu, Manang is out of sight and out of mind.” Munindra Jung Gurung represents Manang in the Gandaki Provincial Assembly, and says he has raised the issue in <a href="https://nepalitimes.com/news/pokhara-s-tourism-woes">Pokhara</a>. He is hopeful there will be a hearing. To be sure, the road is not all bad news. Locals benefit, the number of visitors has grown, and trekkers can now also save time and use it to explore <a href="https://archive.nepalitimes.com/news.php?id=5960">side valleys in Manang</a>, visiting the villages like Nar and Phu. Annapurna Conservation Area (ACA) chief Rabin Kadariya concedes that the road to Upper Manang was crucial to connect the remote region with the rest of Nepal, but adds: “We have built an alternative trail connecting Talgaun, and we will consult local communities about their priorities on other hiking trails.”&nbsp;

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