<figure><img width="1280" height="720" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109121120/636b8d5c9c7e80680e06b347jpeg.jpg" alt=""/><figcaption>The usually bustling beaches of the resorts in the Maldives wear a deserted look.</figcaption></figure>Ninety percent of Nepal’s overseas contract workers are in West Asia and Malaysia, but there are other countries like the Maldives where the estimated 5-10,000 Nepalis employed in the tourism industry have been affected by the global pandemic.The resorts of this atoll archipelago nation have been increasingly popular for Nepali workers, who have built a strong reputation for work ethics there. Last year alone 2,000 Nepali workers left of the Maldives, nearly four times more than in 2015, to work in hotels and as housemaids. But some of these jobs are in jeopardy because of the pandemic. Of the 191 confirmed COVID-19 cases in the Maldives, over 102 are foreigners including 84 Bangladeshis and 10 Indians. Nepalis have so far been spared, but there is a fear they could be vulnerable because of cramped living conditions. “Overall, Nepalis have created a favorable impression in the Maldives, but tourism has collapsed because of the coronavirus and Nepali workers have been affected,” says Rita, who has been working in the Maldives for four years, and only wanted her first name used. <figure><img width="1280" height="720" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109121120/636b8d609c7e80680e06b348jpeg.jpg" alt=""><figcaption>Deserted streets in the Maldivian capital, Malé, which is in lockdown. </figcaption></figure>Similar to Nepal, Maldives also set a target for attracting 2 million tourists in 2020, in what seemed like an achievable goal given that 1.7 million tourists visited the country in the preceding year. Tourism makes up two-thirds of the GDP of the Maldives and brought in $2.5 billion last year.Maldives has a per capita GDP of $10,330 – highest in the region and ten times higher than Nepal. But the World Bank predicts that it is the South Asian country that will be most impacted by the COVID-19 crisis. The Maldivian government hopes to start issuing visas on arrival by July, but even in the best-case scenario it expects arrivals to drop by half in 2020. A Nepali worker at a luxury resort told us over the phone that the Maldivian government has assured foreign workers that they will be treated on par with locals, and indeed employers were providing food and accommodation to them in the resorts which is a huge relief. However, he added: “But some staff are not getting paid, while others are only getting partial salary and this has worried some workers.” <img width="1008" height="490" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109121120/636b8d649c7e80680e06b349jpeg.jpg" alt="">Some hotels have told workers they should go home on unpaid leave until the tourism industry bounces back. In a survey by the Nepali community, 319 have expressed the desire to go back to Nepal paying for their own tickets. But there may be more who want to return if the Nepal government eases travel restrictions.“We came here to work. Without tourism, there is no work here. Without work, there is no point staying here,” says Rita, who is getting half her salary and spends the day surfing the net. “But I am also aware that my situation could have been much worse.”Another Nepali resort worker agrees: “We have access to room and board and 30% of our salary. Why should we stay here when we don’t have work and it is evident that tourism is going to remain affected for a while?”Workers are worried that things will get worse in the Maldives if tourism is affected for many more months with disruptions in food supplies. They are far away from Malé and say it may be difficult get transportation if they get sick. The focus in the Maldives is mostly on Bangladeshis who number 100,000 and make up a bulk of migrant workers there. They are mostly in Malé, and because there is a higher risk of being infected the government is relocating them to decongest the city. The Bangladesh government recently sent 100 tons of equipment and 10 medical personnel to treat its nationals.  <figure><img width="3400" height="2400" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109121120/636b8d679c7e80680e06b34ajpeg.jpg" alt=""><figcaption>Source: OUR WORLD IN DATA</figcaption></figure>Seven Nepalis working as security guards at a resort who were sent to Malé, have had to fend for themselves in an expensive city. One of them, who identified himself as Ram, told us over the phone: “It costs $50 a night to stay here, and the Nepali community has been helping out with meals. But how long can we go on? What if the lockdown is prolonged?”Attempts to reach the Nepal Embassy in Colombo has not led to any solution. Nepali community leaders in Malé say that the need for a resident embassy or at least a consulate is felt most acutely during a crisis like this.It is likely that countries like Maldives, Seychelles and Mauritius which have Nepali workers in the service industry will not get the priority for phased repatriation once the lockdown is lifted because of the comparatively smaller numbers involved. But while they wait to return, community leaders say it is important to ensure that no Nepali goes hungry, is homeless or without access to health care. Shares Hari: “When workers eventually return to Nepal, many will have had worked in high-end resorts. We many things to learn from Maldives, especially in luxury tourism. There is a lot of knowhow we can transfer once things get back to normal.”

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Nepalis stranded in the Maldives

<figure></figure> <img width="2048" height="1365" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151120/636a65e99c7e80680e059951jpeg.jpg" alt=""/><figcaption>Opening Ceremony. All Photos: BIKRAM RAI and MONIKA DEUPALA</figcaption> <figure></figure> <img width="1817" height="1212" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151120/636a65ec9c7e80680e059952jpeg.jpg" alt=""><figcaption>Women's boxing under 54kg: Nepal vs India</figcaption> <figure></figure> <img width="3156" height="2104" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151120/636a65ee9c7e80680e059953jpeg.jpg" alt=""><figcaption>A Nepali cyclists at the Road Cycling event.</figcaption> <figure></figure> <img width="1822" height="1331" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151120/636a65f19c7e80680e059954jpeg.jpg" alt=""><figcaption>Men's football: Nepal vs Bhutan</figcaption> <figure></figure> <img width="2520" height="1680" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151120/636a65f49c7e80680e059955jpeg.jpg" alt=""><figcaption>Kabaddi: Sri Lanka vs Pakistan</figcaption> <figure></figure> <img width="3757" height="2504" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151120/636a65f79c7e80680e059956jpeg.jpg" alt=""><figcaption>17-year-old swimmer Gaurika Singh</figcaption> <figure></figure> <img width="1884" height="1256" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151120/636a65fa9c7e80680e059957jpeg.jpg" alt=""><figcaption>Men's football: Bangladesh vs Nepal</figcaption> <figure></figure> <img width="1879" height="1253" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151120/636a65fe9c7e80680e059958jpeg.jpg" alt=""><figcaption>Nepal's Gopal Chand after he won gold at the men's 5,000m race</figcaption> <figure></figure> <img width="1500" height="1000" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151120/636a66019c7e80680e059959jpeg.jpg" alt=""><figcaption>Kumite of Karate </figcaption> <figure></figure> <img width="1701" height="1135" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151120/636a66049c7e80680e05995ajpeg.jpg" alt=""><figcaption>Nepal's Santoshi Shrestha and India's Kavita Yadav at the 10,000m race</figcaption>

Our favourite photos from South Asian Games 2019

<figure><img width="2048" height="1365" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151120/636a66259c7e80680e059966jpeg.jpg" alt=""/><figcaption>The Nepali men's football team celebrates their 2-1 win over Bhutan in the finals. All Photos: BIKRAM RAI</figcaption></figure>In the much-awaited men's football final, Nepal and Bhutan went head to head in an intense match for the gold. The Nepali team gained a quick lead with a goal scored by Abhishek Rijal in the 16th minute of the game but Bhutan drew before half-time. Sulav Bal eventually scored for Nepal, leading the host country to victory.  <figure><img width="1650" height="1100" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151120/636a66289c7e80680e059967jpeg.jpg" alt=""><figcaption>Football: Nepal vs Bhutan</figcaption></figure>India and Pakistan went against each other in both the men's and women's the squash games. While the Indian women's team defeated Pakistan 2-1, the Pakistani mean's team defeated India 2-1. <figure><img width="575" height="657" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151120/636a662b9c7e80680e059968jpeg.jpg" alt=""><figcaption>Final medal tally</figcaption></figure>This year's South Asian Games ends with India as the first-placed team 13th year in a row bagging 174 gold medals and a total of 312 medals. India also broke their previous record of 309 total medals that they had set in the 2016 SAG.Nepal also broke its previous total medal and gold tally with 206 and 51 medals, respectively. <figure><img width="930" height="520" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151120/636a662d9c7e80680e059969jpeg.jpg" alt=""><figcaption>Basketball: Nepal vs Bangladesh</figcaption></figure>In the men's basketball event, Nepal beat Bangladesh to claim bronze while India defeated Sri Lanka for the gold.This year's women's basketball games was also historic for the Nepali team as it was the first time in the South Asian Games that they had reached the finals. They claimed silver while India clinched the gold.  <img width="2048" height="1365" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151120/636a66309c7e80680e05996ajpeg.jpg" alt=""><img width="2048" height="1365" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151120/636a66339c7e80680e05996bjpeg.jpg" alt=""><img width="2048" height="1365" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151120/636a66369c7e80680e05996cjpeg.jpg" alt=""><img width="3510" height="2340" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151120/636a663a9c7e80680e05996djpeg.jpg" alt="">The South Asian Games ended with numerous musical, dance and cultural performances. The highlight of the ceremony was the colourful drone show and the dance performances by the students of Nightingale School.

South Asian Games Recap 10 December

<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151112/636a63f39c7e80680e0598acjpeg.jpg" alt="" width="1500" height="1000"/><figcaption>Photos: BIKRAM RAI AND RSS</figcaption></figure>The second day of the 13th South Asian Games saw Nepali athletes dominate the arena, with most wins in taekwondo and karate.Mandekaji Shrestha became the first to win gold for Nepal in the on-going games when he defeated Pakistani’s Niamatullah in men’s individual Karate Kata. Meanwhile in women’s side, Chanchala Danuwar won a silver medal after losing to Pakistani rival Shahida in the final. Nepal however, was victorious in both women’s and men’s group kata category final defeating Pakistani and Sri Lankan team respectively.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151112/636a63f69c7e80680e0598adjpeg.jpg" alt="" width="1500" height="1000"><figcaption>Mandekaji Shrestha</figcaption></figure>In Pokhara, Sonia Gurung emerged victorious in women’s triathlon, whereas Basanta Thapa finished third in the men’s category. Gurung completed the triathlon in one hour 13 minutes and 45 seconds to clinch the gold.Elsewhere Kamal Shrestha beat India's Rahul Jain to secure gold for Nepal in men’s poomsae in 23-29 category. Sri Lankan player Nishashankase Asinge bagged the bronze. Sina Maden of Nepal bagged another gold in taekwondo winning women's individual Taekwondo poomsae 27-23 category.<img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151112/636a63f99c7e80680e0598aejpeg.jpg" alt="" width="1293" height="1000">Nepal made a victorious start in the women cricket held today in Pokhara. The host nation pulled a 10 wickets win against the Maldives. Anjali Chand, who took six wickets in two maidens in 2.1 overs made history in T20 cricket for the best bowling figures and became the first bowler to take six wickets for no run in any international matches.Back in martial arts, Laxman Tamang clinched gold in 55kg category of Kumite by defeating Mohammad Mustafa of Bangladesh. Diwash Shrestha however, fell to Pakistani player in 84kg category and had to contend with the silver. Biplav Lal Shrestha won gold in men’s above 84kg Kumite by overcoming Pakistan’s Muhammad Baz.<img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151112/636a63fb9c7e80680e0598afjpeg.jpg" alt="" width="640" height="427"><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151112/636a63fe9c7e80680e0598b0jpeg.jpg" alt="" width="640" height="427"><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151112/636a64029c7e80680e0598b1jpeg.jpg" alt="" width="640" height="427"><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151112/636a64059c7e80680e0598b2jpeg.jpg" alt="" width="640" height="427">Nepal's Parbati Gurung defeated Sri Lanka’s ThilakShika Jayawweera in 23-29 age category of Taekwondo Poomsae to win gold. Ayasha Shakya overpowered Indian opponent also to win gold in Taekwondo poomsae above 29 category.In badminton, both men’s and women’s team had to contend with bronze medals. But Nepal won another gold from the reliable pair of Ayesha Shakya and Sanjib Kumar Ojha who were victorious in above 29 years category of pair poomsae.<img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151112/636a64089c7e80680e0598b3jpeg.jpg" alt="" width="1500" height="1000">In group event, a team of Nita Gurung, Prashansa Chhetri and Sushila Rai won gold in above 23 catgory in women’s poomsae. Similarly, Nepal’s Nisha Darnal, Swastika Tamang and Sanjila Timilsina also won in 17-29 age group event.In volleyball, Sri Lanka defeated Bangladesh to win bronze in men’s category. India and Pakistan will battle it out for gold in the match to be held on Tuesday. On women’s side, the much-awaited finals between the host Nepal and defending champion India will be held at 2PM on Tuesday.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108151112/636a640b9c7e80680e0598b4jpeg.jpg" alt="" width="2108" height="1000"><figcaption>Soni Gurung</figcaption></figure>As of now Nepal stands at the top of medal tally with 15 gold, 3 silver and 6 bronze medals. India and Sri Lanka has each won three gold meals each with Pakistani and Bangladesh winning two each.

South Asian Games Recap 2 December

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

Visit Nepal in the monsoon

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

Nepal’s bubble economy

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

Flouting rules caused Saurya tragedy

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

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