Ram Kumari Bhattarai, 45, made the journey to Kathmandu from Surkhet on foot, walking for almost 27 days straight. In fliflops, the soles of her feet are cracked and bruised. Bhattarai had taken a loan of Rs1.8 million, using her gold jewellery as collateral but did not keep a written receipt. Coupled with a steep interest rate of 35%, she has to now make seemingly never-ending payments to the lender. If she is not able to, the usurer harasses her through death threats, land seizures.  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20240308090356_4f3804d9b30a58b35b1898da3eaa03656b6b7cb07aa1cf29f7682eeef2c28d40.jpg" data-media-id="editor_0" data-image-id="20240308090356_4f3804d9b30a58b35b1898da3eaa03656b6b7cb07aa1cf29f7682eeef2c28d40" data-rendition-name="original" width="1499" height="1000" loading="lazy" alt="Loan Shark Victims "> </figure>  &nbsp;  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20240308090356_ffac6b5a55622eb873e129c2d9ebb6eeb94fc50c2b51c30f816536735d31d387.jpg" data-media-id="editor_1" data-image-id="20240308090356_ffac6b5a55622eb873e129c2d9ebb6eeb94fc50c2b51c30f816536735d31d387" data-rendition-name="original" width="1500" height="1000" loading="lazy" alt="Loan Shark Victims "> </figure>  She is adamant about staying in Kathmandu until the government intervenes to help her and others like her. In recent months, loan shark victims like Bhattarai from across the country have walked to the capital by the thousands to protest, demanding the passing of laws that will address the problems they have faced in dealing with extortionist lenders with political protection in their districts.  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20240308090356_53b34388de4a1a28b56f2753cb0cf7e6e0513b8b3370209f7a41a85bdb062774.jpg" data-media-id="editor_2" data-image-id="20240308090356_53b34388de4a1a28b56f2753cb0cf7e6e0513b8b3370209f7a41a85bdb062774" data-rendition-name="original" width="1281" height="1601" loading="lazy" alt="Loan Shark Victims "> </figure>  Victims claim that predatory money lenders have been duping them out of millions of rupees by calculating compound interests fraudulently. When the lendees cannot pay, they are subjected to mental torture and threats. With their husbands away for work, it is the women who have taken it upon themselves to find a solution to the problem, working day and night to clear their loans.  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20240308090356_218559decc4140e0a26bc6aad440710b2c8fbc096ff39020036c0eb09bdad287.jpg" data-media-id="editor_3" data-image-id="20240308090356_218559decc4140e0a26bc6aad440710b2c8fbc096ff39020036c0eb09bdad287" data-rendition-name="original" width="1500" height="1000" loading="lazy" alt="Loan Shark Victims "> </figure>  &nbsp;  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20240308090356_34134aa2f234b764f466f535d49ae33e062c79d1f07843a0b6ff36393c92f7ad.jpg" data-media-id="editor_4" data-image-id="20240308090356_34134aa2f234b764f466f535d49ae33e062c79d1f07843a0b6ff36393c92f7ad" data-rendition-name="original" width="1500" height="1000" loading="lazy" alt="Loan Shark Victims "> </figure>  The women, mostly from the Tarai, have literally been behind the veil, but now have undertaken journeys of uncertainty and hardship to fight for survival because they have nothing left to lose.

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On Women's Day, nothing left to lose

Many of the victims of loan sharks who have been demonstrating in Kathmandu for the past months took high-interest loans that multiplied their debt. But among them are also families who are being forced by fraudsters with forged documents to repay money never borrowed. Here are some of them: Rajaram Sahani&nbsp; Rajaram Sahani lives by the highway in Rauthat district. Property prices have soared because of the proposed Nijgad airport, and land grabbers are targeting innocent farmers. One hot afternoon six years ago, he was handed a legal notice from the District Court that he had not paid back interest and capital on a loan for Rs637,000 from his neighbour, Trailokya Chandra Sahani. “He had lodged a complaint in the court saying I had not paid back a loan I never took, and he was demanding my land as compensation,” Rajaram says. Read also: <a href="https://www.nepalitimes.com/editorial/institutionalised-inequality">Institutionalised inequality</a>, Editorial  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20230721050732_2dd1169402bcf3353cf99d618e7c7c71e7aa711f1423f5bba39e33932d897e58.jpg" data-media-id="editor_1" data-image-id="20230721050732_2dd1169402bcf3353cf99d618e7c7c71e7aa711f1423f5bba39e33932d897e58" data-rendition-name="original" width="2250" height="1500" loading="lazy" alt="Rajaram and family"> <figcaption> </figcaption> </figure>  He then took the rubber print and his live fingerprint to a forensic lab in Lalitpur where technician Mukul Pradhan confirmed that although the two prints looked alike, one of them was not a real thumb. With this proof, Rajaram returned to the District Police in Rautahat and showed it to Superintendent Siddhi B Shah. But because the process of investigation would take more than the 24 days that the fake print maker Trailokya Sahani could be legally detained, he was not arrested. &nbsp; Rajaram then submitted a complaint to the court which sent the prints back to the forensic lab to again determine if they were rubber prints. A 3-member investigation team that included the same Mukul Pradhan, police DSP Udaya Jung Rana and Biswa Raj Poudel determined that the lab did not have the necessary equipment to confirm the authenticity of the rubber print -- even though two of its members had earlier said it was fake. Read also: <a href="https://www.nepalitimes.com/news/till-debt-do-us-part">Till debt do us part</a>, Ramesh Kumar  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20230721050736_2035fdcd81be4e0236fc0977548645722d35ba5d898b0fbc96dedd493f3a2a9e.jpg" data-media-id="editor_3" data-image-id="20230721050736_2035fdcd81be4e0236fc0977548645722d35ba5d898b0fbc96dedd493f3a2a9e" data-rendition-name="original" width="780" height="1040" loading="lazy" alt="Rajaram loan"> <figcaption>Loan document with fake fingerprints of Rajaram Sahani.</figcaption> </figure>  The District Court judge Keshav Kumar Pandey ruled that Rajaram was guilty, and ordered he pay back the interest and capital on a loan he never took that now had grown to Rs4.83 million.&nbsp; Rajaram’s appeal is sub judice at the Birganj High Court, and he has nothing left to lose and is at the sit-in in the capital against loan sharks.&nbsp; Ram Ishwor Sahani The life of Sarlahi fishmonger Ram Ishwor Sahani and his family was &nbsp;irrevocably changed when Naresh Kumar Sahani of Gaur filed a case against his 60-year-old mother Malbhogia Kumari for failing to pay off a loan of Rs2 million.&nbsp; The plaintiff requested the court to seize Malbhogia’s property if she failed to pay the 10% interest on her loan within the next 45 days. Not only had Malbhogia never borrowed any money from Naresh, neither she nor her family had ever met or heard of the loan shark. Her son suspected that her mother’s fingerprints might have been misused. Read also: <a href="https://www.nepalitimes.com/?p=21822&amp;preview=true" target="_blank">Some are more equal than others</a>, Anil Chitrakar  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20230721050740_c5f4b1cadeb323565450a0359db648daa07d861dc5ba5edc6de7248df904f7a3.jpg" data-media-id="editor_5" data-image-id="20230721050740_c5f4b1cadeb323565450a0359db648daa07d861dc5ba5edc6de7248df904f7a3" data-rendition-name="original" width="1000" height="750" loading="lazy" alt="Rajaram and Ram ishwor"> <figcaption>Ram Ishwor Sahani (left) and Rajaram Sahani.</figcaption> </figure>  The court ordered a lab analysis of the fingerprint on the loan document against Malbhogia’s own thumb prints, and they did not match. But as soon as the results came out, Naresh successfully filed a petition to withdraw the case without facing any consequences. Ram Ishwor’s mother is elated, but her son has not found any comfort. The court case had dragged on for two years, and he had had to place his land on collateral during that time. &nbsp; “I feared that we would be made homeless,” he explains. He is now planning to file a forgery case against Naresh Kumar Sahani, and is in Kathmandu demanding justice. Baiju Saha Kanu Baiju Saha Kanu of Rautahat was vindicated in a similar case involving fake fingerprints, after which he filed a forgery case against his neighbour Ram Binaya Shah, who had taken Baiju to court.&nbsp; But Ram Binaya was let off with a Rs30,000 fine, a mere slap on the wrist, and his brother took revenge by filing another fraudulent case against Baiju’s son, dragging the family to court once again.&nbsp; “Had he been sent to prison the first time around, neither he nor his family would have had the courage to commit a similar crime,” says Baiju Shah. Read also: <a href="https://www.nepalitimes.com/here-now/nepal-s-tax-system-widens-rich-poor-gap">Nepal’s tax system widens rich-poor gap</a>, Ramesh Kumar  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20230721050740_882b93bb910ad96445934e317ab3bc57f07948bc25ea7c150a2b54b74c656a2a.jpg" data-media-id="editor_7" data-image-id="20230721050740_882b93bb910ad96445934e317ab3bc57f07948bc25ea7c150a2b54b74c656a2a" data-rendition-name="original" width="831" height="1170" loading="lazy" alt="Baiju"> <figcaption>Loan document with fake fingerprints of Baiju Saha Kanu.</figcaption> </figure>  Dilli Kumari Karki Dilli Kumari Karki from Milan Chok in Rautahat lost her 11-year-old daughter Akrita Basnet who committed suicide last year. She believes it was because of the mental torture the family had to endure from loan sharks who were blackmailing them.&nbsp; Seven years ago, Karki borrowed Rs60,000 from Rural Development Bank to open a clothing store. To expand the shop, they also borrowed Rs100,000 from a neighbour, Namrata Lama, a local tailor.&nbsp; Three months later, Karki’s husband Sukram Basnet decided to become a cosmetic dealer and borrowed an additional Rs350,000 from Lama which the couple managed to return eventually after four months. Later, Lama asked Karki for a blank cheque in her name “just for recordkeeping”.&nbsp; Innocently, Karki gave her the signed cheque, and Lama told to her make another one because she “signed it incorrectly” the first time. Soon, Lama started demanding Rs1.5 million which she added herself on the blank cheque. Karki refused saying she had already repaid her loans, but Lama threatened to bounce the cheque.&nbsp; Read also:<a href="https://www.nepalitimes.com/editorial/nepals-political-economy/"> Nepal’s political economy</a>, Editorial  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20230721050744_d01cb7e3378fde3fe41a2f8a26ab8c803810063b40eb6c871e1090722d999ac3.jpg" data-media-id="editor_9" data-image-id="20230721050744_d01cb7e3378fde3fe41a2f8a26ab8c803810063b40eb6c871e1090722d999ac3" data-rendition-name="original" width="1500" height="920" loading="lazy" alt="Dilli NT"> </figure>  Fearing prosecution, Karki started borrowing money from other lenders to pay Lama. But after paying Rs1.5 million, Lama said that was just the “interest” and that Karki still owed the “principle” which amounted to Rs450,000. When Karki refused, she brought the other blank cheque to threaten her. So she kept on paying “interest” which has now added up to Rs4.5 million. When Karki tried to sell the family property to pay for the cancer treatment of her mother-in-law they found that Lama had forged land ownership documents, forcing them to reach a settlement by paying off another Rs250,000.&nbsp; Karki then tried to sell her own land to get out of the mess. But the middle men tried to threaten and blackmail the family in front of the children. After one such altercation, Karki left for Kathmandu and heard three days later that her daughter had hung herself in her room. Lama used to call Karki on multiple numbers but when this reporter tried them, she was never available. Read also: <a href="https://www.nepalitimes.com/news/first-the-good-news-sgm1d4u4">First, the good news</a>, Ramesh Kumar Post-script: Section 249 ‘A’ of Nepal’s Civil Code was amended through an ordinance in May to make unfair transactions punishable by seven years imprisonment and a fine of up to Rs70,000. A replacement bill was passed by parliament in June. But loan shark lobbies close to the JSP have demanded that the bill be repealed, staging counter-protests at Maitighar. In Rautahat alone, there have been 1,811 loan cases in the last fiscal year, 90% of which involve forgery and misuse of fingerprints. In May, the government formed an inquiry commission to address victims of loan sharks under former Special Court Chair Gauri Bahadur Karki, and 24,000 complaints were submitted, most of them from Madhes Province. Indeed, loan sharks have formed a syndicate in Madhes Province specialising in obtaining fingerprints from official documents and making rubber impressions, forging loan documents, bribing court and forensic officials and obtaining customised lab reports from the National Forensic Science Laboratory in Lalitpur. Read also: <a href="https://www.nepalitimes.com/here-now/crime-and-or-punishment-in-nepal">Crime and/or Punishment in Nepal</a>, Sonia Awale Reporting by: Centre for Investigative Journalism-Nepal, Man Bahadur Basnet, Sagar Chand, and Archana Darji

Matter of life and debt

<a href="https://nepalitimes.com/here-now/waiting-for-bipin-joshi" target="_blank">Nepali student Bipin Joshi</a>, who was taken captive by Hamas on 7 October 2023, was not on the list of those freed following the end of the bombardment and fighting in Gaza.&nbsp; On Monday morning, the Israeli military notified Bipin's family and Nepal’s ambassador to Israel Dhan Prasad Pandit, that there is no evidence of him still being alive. However, Nepal's Foreign Ministry is yet to be notified by Israel's government of Bipin's status. The news came three days after a US-brokered ceasefire between Israel and Hamas came into effect, and hostage and prisoner exchanges by the two sides started Monday morning.&nbsp; Almost 2,000 Palestinians held in Israeli prisions are expected to be released by Israel in exchange for the hostages during the next phase of the peace deal between the two parties, and the bodies of deceased hostages remaining in Gaza are also expected to be returned.&nbsp; Bipin Joshi was among a group of Nepalis who had arrived in Israel in 2023 just weeks before 7 October 2023 as part of a ‘learn and earn’ program to work and earn in kibbutz farms there.&nbsp; Along with other students Joshi had been working on a farm in Kibbutz Alumim in southern Israel near Gaza. <a href="https://nepalitimes.com/here-now/war-in-israel-earthquake-and-grief-in-nepal">Ten Nepali students were killed </a>while taking cover in shelters near their farms in two separate attacks by Hamas fighters.&nbsp; Joshi’s colleagues, fellow Nepalis who survived the attack, recall gunmen lobbing two grenades into the bunker that they had taken cover in. Bipin hurled one of the grenades out, they say, but the other one exploded, killing and injuring Nepalis inside. &nbsp;&nbsp;&nbsp;&nbsp; Shortly after, Bipin was captured by Hamas along with a Thai national and led away into Gaza. CCTV footage showed Bipin alive and at a hospital in Gaza on the day of the attack itself after he was taken hostage.&nbsp; Thirty-one Thai citizens, who like Nepalis worked in farms in Israel, were taken hostage during the Hamas attack, the highest number of foreign captives in October 2023.&nbsp; <a href="https://nepalitimes.com/news/deft-diplomacy-freed-thai-hostages">Deft Thai diplomatic engagement</a> with officials from Iran, Egypt, and Qatar brought about the release of 23 of its nationals in 2023. Five more Thai nationals were released earlier this year.&nbsp; In August, Joshi’s family visited Israel at the invitation of the government and urged the international community to push for his return. Bipin’s mother Padma and sister Pushpa have been at the United Nations to lobby for his release.&nbsp; His family last week also released a video clip of Bipin briefly speaking on camera, reportedly obtained by Israel and said to be filmed in November 2023, around a month after he was taken captive. Joshi looks healthy in that video.  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20251013091028_d551c7f88204c52217152fb5db655bb5a5f8bf2cff1e6a055326ebf64453ff9f.png" data-media-id="editor_3" data-image-id="20251013091028_d551c7f88204c52217152fb5db655bb5a5f8bf2cff1e6a055326ebf64453ff9f" data-rendition-name="original" width="2848" height="1528" loading="lazy" alt="Bipin Joshi NT"> </figure>  More than 67,000 Palestinians have been killed during the last two years of the genocide in Gaza. About 1,200 people were killed during the Hamas attack on 7 October 2023, while more than 251, including Bipin Joshi, were taken as captives.&nbsp; This is the third ceasefire implemented in Gaza since 7 October 2023 after previous ones in November 2023 and January 2025. This 20-point deal facilitated by intermediaries US, Qatar, Turkey, and Egypt included terms for Hamas to give up its arms, and for a devastated Gaza to be governed by a Palestinian body of independent technocrats, while Israeli troops will withdraw in stages from Gaza.&nbsp; Hamas has agreed to relinquish control of Gaza, but has rejected the demand for disarmament, saying the group will demobilise but is prepared to resume fighting if Israel breaches the ceasefire.&nbsp; Following the ceasefire, Palestinians in Gaza have begun long journeys back to homes reduced to rubble by Israel’s two-year assault on the strip. The flow of humanitarian aid in the city has also increased following the peace deal.&nbsp; Israel's closure of humanitarian corridors in the past months had blocked the entry of food and medicine into Gaza, causing widespread famine. The United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) has said that the restriction of aid into the beseiged city has left as many as <a href="https://www.unrwa.org/newsroom/news-releases/gaza-unrwa%E2%80%99s-lancet-study-reveals-alarming-surge-child-malnutrition">54,600 children acutely malnourished</a>.&nbsp; Meanwhile, US president Donald Trump landed in Israel on Monday as hostages were being released, and world leaders are expected to head to Egypt for an international summit to discuss the next steps in Gaza, Israel, and West Asia.&nbsp;

Nepali hostage in Gaza not alive: Israel

Scenic Phortse in the lap of Mt Everest is called ‘the village of mountaineers’ because just about every household has someone who has summited the world’s highest mountain multiple times. However, while the international mountaineers they assist to make it to the top go on to fame and glory, their Sherpa guides from Phortse <a href="https://nepalitimes.com/news/without-sherpas-there-is-no-mountaineering" target="_blank">barely get a mention</a>. It is a risky occupation for Nepal’s high altitude guides, and every other family in this village has lost a member in Himalayan expeditions. Sherpa guides are <a href="https://nepalitimes.com/news/on-mt-everest-s-70th-records-and-fatalities" target="_blank">disproportionately more at risk </a>on Mt Everest because they have to traverse the Khumbu Icefall many times during an expedition. One third of the over 300 climbers who have died climbing Mt Everest are Nepali high altitude guides and porters. In 2014, <a href="https://archive.nepalitimes.com/article/nation/everest-dangerous-place-to-work,1316" target="_blank">16 guides were killed</a> when an avalanche fell on them while going up the treacherous Icefall carrying expedition gear. Then in 2015, the <a href="https://archive.nepalitimes.com/article/Nepali-Times-Buzz/big-drops-in-Everest-bookings-affect-livelihoods-of-Nepali-high-altitude-guides,2048" target="_blank">earthquake triggered a massive avalanche</a> that killed 22 climbers at Base Camp. Many of the fatalities in both years were Sherpa guides from Phortse. Despite the danger, Phortse honours and celebrates its climbers like heroes. One such is the late &nbsp;Nima Tshiring Sherpa, who was a porter and guide in the 1953 John Hunt expedition in which Edmund Hillary and Tenzing Norgay became the first to set foot on the world’s highest summit.&nbsp; Nima Tshiring and his eldest son Pasang Gyalzen both reached 8,000m carrying expedition gear for the Hunt expedition in 1953. Nima Tshiring had eight sons and a daughter and although he never submitted himself, most of them have climbed Mt Everest at least once. In fact, his children and grandchildren have been to the top of Mt Everest a total of 81 times — a record for any family in Nepal.  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20251011171048_a55e45bee2b5bbf38e4ee5bcea101edcc3041f40e331b8fee44e473457f42553.png" data-media-id="editor_4" data-image-id="20251011171048_a55e45bee2b5bbf38e4ee5bcea101edcc3041f40e331b8fee44e473457f42553" data-rendition-name="original" width="2144" height="1436" loading="lazy" alt="Sherpa climbers"> <figcaption>Nima Tshiring Sherpa with wife and children in Phortse. An unanmed Everest climber on right.</figcaption> </figure>  “We were born in Phortse which is in the lap of Everest, our identity is Chomolungma,” says one of his sons, Panuru, using the Sherpa name for the mountain. “In fact, I feel our entire family was born to climb Everest.”&nbsp; Phortse has a population of 350 people living in 95 households. Besides Nima Tshiring’s clan, more than 75 of the inhabitants have climbed Everest, many of them multiple times.&nbsp; Another one of Nima Tshiring’s sons, Ngawang climbed Everest 11 times, his brother Mingma Dorje has summited 14 times, and another brother Ngati not only got to the top seven times, but was the first climber to reach the peak from the Chinese side and descend down the Nepal part of Mt Everest. Ngati was killed in an avalanche on Annapurna while climbing with an American expedition in 1993.  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20251011171044_60693527b31aba22fe6f6c233cf367a3683b88be8dc2a53bfb5c2c02b2db1e5b.png" data-media-id="editor_5" data-image-id="20251011171044_60693527b31aba22fe6f6c233cf367a3683b88be8dc2a53bfb5c2c02b2db1e5b" data-rendition-name="original" width="2242" height="1660" loading="lazy" alt="Sherpa climbers"> <figcaption>Mingma Dorje has climbed Everest 14 times.</figcaption> </figure>  Panuru himself has reached the summit of Everest 16 times, and set up the<a href="https://www.khumbuclimbingcenter.com/" target="_blank"> Khumbu Climbing Centre</a> in 2003 to train others in climbing techniques. Following in his footsteps was another brother Mingma Tshiring, who has been up 15 times and <a href="https://nepalitimes.com/here-now/sherpaland-co-usa" target="_blank">now lives in Colorado</a>.&nbsp; Nima Tshiring’s only daughter Mingma Yanjin has also climbed Cho Oyu, Ama Dablam and other &nbsp;Himalayan mountains. Her husband Lhakpa Chiri Sherpa has climbed Everest 11 times. Counting him, the total summits for the family would be 92. This number also does not include other Himalayan eight-thousanders besides Mt Everest that the family from Phortse has summited. Nima Tsiring’s youngest son is Danuru who has climbed Everest 16 times, and has been on top of North American peaks from his base in Colorado. He is giving Everest yet another try.  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20251011171048_cd3e2961567ca507fc4110c97e01d85ee1c7e35f787276564ff59a4a76151fe2.png" data-media-id="editor_8" data-image-id="20251011171048_cd3e2961567ca507fc4110c97e01d85ee1c7e35f787276564ff59a4a76151fe2" data-rendition-name="original" width="1308" height="980" loading="lazy" alt="Sherpa climbers"> <figcaption>Nima Tshiring Sherpa and his son Danuru.</figcaption> </figure>  Even his grandchildren are following Nima Tshiring’s footsteps up Everest. Panuru’s son Lhakpa has climbed Everest from both sides and wants to break previous Everest records.&nbsp; “It is a dangerous occupation, but the rewards in terms of fame and money are substantial,” says Danuru. “One season’s income is enough for a Phortse climber to support his family for a year. And we have Chomolungma to be thankful for.”  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20251011171048_d1f16e3925890663cadf3e20d955a531f21c479708f662df371fad3fdb87cf7a.png" data-media-id="editor_9" data-image-id="20251011171048_d1f16e3925890663cadf3e20d955a531f21c479708f662df371fad3fdb87cf7a" data-rendition-name="original" width="760" height="1040" loading="lazy" alt="Sherpa climbers"> <figcaption>Mingma Chhiring Sherpa who has climbed the Everest 16 times with a client.</figcaption> </figure>

Nepal’s most prolific mountaineering clan

National interest vs community needs

In the very first page of the first chapter of Nepal 2043: The Road to Prosperity are two maps. The first places Nepal right at the epicentre of Asia, and in the second the Kathmandu is at exactly the midpoint between Mumbai and Beijing. With his trademark optimism, author Sujeev Shakya says Nepal is not land-locked but land-linked to three billion people in China and India. We just need those two economic engines to pull us in the same direction. ‘With China and India becoming the two largest economies in the world in the next two decades … Nepal is the most valuable piece of real estate in the world,’ Shakya writes. For one thing, Nepal does not look beyond India and China for tourism — with the right policies it can attract millions of tourists just from those two countries. Nepal is set to graduate from a low- to a middle-income country by 2026 and to a high-income country in 2043 — hence the name of the book. The year 2043 in the Bikram Sambat calendar is also 2100 — a new Nepali century. The book delves into the past, present and future of Nepal and analyses enablers including hydropower, a fundamental transformation of which will drive the 2043 goal. The commoditisation of electricity will be the biggest transformation. Nepal can deploy ‘Cyber Gurkhas’ to attract foreign investors with the management of data centres with climate friendly renewable energy. Access to technology such as precision agriculture, a data-driven approach to farming to improve food production, reduce environmental impact and enhance profitability could be Nepal’s strategy into 2043 and beyond. ‘Earlier, we needed ploughs and strong hands in agriculture. Now, you need a computer and strong fingers,” Shakya writes, citing a neighbour’s son who inspects his crops from drone cameras. A farmer in an Ilam teashop tells the author he asks AI questions in Nepali, and it answers promptly. The biggest enabler of all is Nepal’s young demography with 62% of the population in the active 15-60 age bracket, while 28% are younger than 14. Nepal’s dependency ratio has dropped to the lowest in history with 100 Nepalis having to support 62 dependents. But this demographic dividend window is closing. Nepal’s total fertility rate declined from 2.62% in 1981 to 0.92% in 2021 — below replacement level. We have less than 30 years left to make the best use of the youth, many of whom are currently studying and working abroad. Nepal’s biggest resource, therefore, is its diaspora spread across the world who send home $20 billion a year. Migration is not just a necessity but an aspiration for many Nepalis, and they are an important source of contacts, investment and soft power. This young and educated group has taken advantage of connectivity and digitisation in all arenas of national life. TikTok and Instagram have become e-commerce platforms, or mobile app-riven digital services. Nepal’s software companies exported over $1 billion worth of IT products last year. Next we need a change in the bureaucratic mindset to eliminate paper and manual processes, which would also contribute to reducing corruption. Shakya comes up with many revelations: 81% of Nepalis live in houses they own, much higher than most other South Asian countries which means higher disposable income. Nepal has the highest tax-to-GDP ratio in South Asia. The banking sector is twice the size of Bangladesh despite Nepal having just one-fifth of its population. In 2021, 12.62% of the population had demat accounts in Nepal, while India had only 5.32%. For every five male investors, there are four women in Nepal while it is 10:1 in India. With such figures and prospects, how come Nepal just went through a violent uprising that took the shortest time to topple a democratically-elected government in modern history? One early chapter of 2043 is actually dedicated to how Nepalis have always thrived on chaos. When people faced up to 20 hours of power cuts a day, people worked around the load-shedding schedule, woke up at ungodly hours to cook and stock up on inverters. They did not put up a fight, or even protest. ''Generally, Nepalis are used to taking things lying down, and perhaps this also needs to change,' says Shakya, writing that line before last month’s uprising. ‘On the one hand, some of these issues speak volumes about the average Nepali’s patience and perhaps optimism that things will change in the long run. On the other hand, one is also forced to wonder how much longer they will be able to put up with unfavourable conditions if things don’t change.’ It does seem Nepali had enough with corruption, governance failure and political apathy to the concerns of ordinary people. The final chapter lists the non-negotiables to realise the 2043 Nepal Roadmap: democratic values and freedom of speech, a capitalist welfare state and socio-political transformation to tackle corruption and impunity. The book notes, ‘Countries transitioning to democratic rule experienced a 20% increase in GDP over a 25 year period compared to what they would have achieved under authoritarian regimes. After the end of the Shah rule in 2006, Nepal’s GDP rose from US$10 billion to US$44 billion by 2024.’ The government’s Vision 2030 document projects Nepal’s GDP at US$100 billion, and the Vision 2043 estimates that it will be a US$423 billion economy with a per capita of US$12,100. However, it will need more than optimism and practical action to make these projections real. China and India loom large throughout the book with examples of small city states like Singapore which have taken advantage of their strategic location. Despite the tension between India and China, the two will have to collaborate given the inherent advantages. China has replaced the United States as India’s biggest trading partner. Sujeev Shakya is a great admirer of former Singaporean diplomat and author Kishore Mahbubani, and he has written a blurb for the book. He quotes Mahbubani saying that for the past 2,000 years, apart from the last two hundred, Asian countries have dominated the world, and it is quite natural that the world’s economic centre is returning to Asia. And Nepal is strategically placed to make the most of it because of its location between two of the world’s fastest growing economies. We just have to get our politics right, and have a strategy for equitable growth in the new Nepali century.  <figure><img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20251016091052_78b2d1495d59cd492a17693e0e770b65230c7cb749393ac6643f4676b73832ef.jpg" data-media-id="editor_0" data-image-id="20251016091052_78b2d1495d59cd492a17693e0e770b65230c7cb749393ac6643f4676b73832ef" data-rendition-name="original" width="1136" height="702" loading="lazy" alt="Sujeev Shakya book details NT"></figure>

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