The spring 2025 <a href="https://nepalitimes.com/here-now/peak-climbing-season-2025-s4abrxny">mountaineering season</a> has started with an early reminder of the fine balance of glory and risk on <a href="https://nepalitimes.com/here-now/knowing-our-mountains-43v4iyvo">Himalayan peaks</a>.&nbsp; Everest as always is the biggest draw. But on the <a href="https://nepalitimes.com/review/il-y-a-d-autres-annapurnas-dans-la-vie-des-hommes">75th anniversary of its first ascent</a>, Annapurna has seen record numbers of expeditions, and climbers are also commemorating 70 years of <a href="https://nepalitimes.com/here-now/saving-kangchenjunga">Kangchenjunga</a>’s first successful climb in 1955.&nbsp; But as a stark reminder of the <a href="https://archive.nepalitimes.com/news.php?id=2912">dangers of Himalayan mountaineering</a> that have been exacerbated by a <a href="https://nepalitimes.com/banner/the-third-pole-is-warming-faster-than-expected">warming climate</a>, came on Annapurna with the tragic deaths of two promising young Nepali high altitude guides.&nbsp; <a href="https://nepalitimes.com/news/mt-everest-pvt-ltd">Everest</a> is seeing big numbers because it is Everest, and it is there. Some 220 international climbers and their guides from 22 expeditions have already arrived at Everest Base Camp, but this number is expected to cross 450, and could even beat the 2023 record of 478 foreign climbers.&nbsp; There seems to be greater demand for Everest permits because the fee is being hiked up from $11,000 to $15,000 starting this autumn. But the $4,000 increase is not expected to reduce the crowds, and therefore<a href="https://nepalitimes.com/banner/overkill-on-everest"> the risks, on the world’s highest mountain</a>.&nbsp;  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20250418050440_f2cb0157d4779ee131d4b7ef8b67302904cad74b37aee48a778bbdcff05ed824.jpg" data-media-id="editor_8" data-image-id="20250418050440_f2cb0157d4779ee131d4b7ef8b67302904cad74b37aee48a778bbdcff05ed824" data-rendition-name="original" width="1121" height="800" loading="lazy" alt="Number of climbing permits 2025"> </figure>  The Department of Tourism starts issuing permits for the mountain only in early-April, which many find absurd because mountaineers start preparing for their Everest climb years in advance.&nbsp; “That is just the process, we want to make sure climbers have all of their paperwork in order once they land in Nepal,” says Goma Rai from the Department of Tourism.&nbsp; Even as expeditions make their first forays up the Khumbu Icefall on Everest, there has already been considerable activity on other <a href="https://nepalitimes.com/banner/in-just-2-years-a-nepal-peak-becomes-snowless">Himalayan peaks</a>. Makalu (8,485m) has already seen <a href="https://archive.nepalitimes.com/article/nepali-times-buzz/seven-summits-women-climb-again,1486">successful summits </a>this season. Ten guides fixing ropes reached the top of the world’s fifth highest mountain on 10 April. &nbsp; There are two Indian expeditions on Kanchenjunga, which at 8,586m is the third-tallest mountain in the world. The Indian teams are climbing from the Nepal side of the border peak because climbing from the Indian side is not allowed. &nbsp; One of the teams is led by three-time Everest summiteer Col Ranveer Sing Jamwal which is on the last leg of the ‘Har Shikhar Tiranga’ campaign to plant an Indian tricolour on the highest point of all 28 Indian states.&nbsp; <a href="https://nepalitimes.com/here-now/those-who-stay">Unpredictable weather</a> and its technical nature makes the north face of ‘Kangch’ treacherous. There have been 12,884 Everest summits since 1953, but there have only been 250 ascents of Kanchenjunga in 70 years. Annapurna saw 45 summits over 6-7 April before the weather worsened. On 7 April, an avalanche swept away Ngima Tashi Sherpa and Rima Rinje Sherpa. Pemba Thenduk Sherpa, who was also roped up, survived. “It was a <a href="https://nepalitimes.com/here-now/five-years-after-avalanche-langtang-is-locked-down">big avalanche</a>, taller than a Kathmandu house when it came down,” recalls Pemba Thenduk. “Me and my client were right under a serac and were saved. We realised our two friends had been swept away but could not find them.”&nbsp; After four days of searching with two helicopters, the expedition company Seven Summit Trek abandoned the search. Nima Tashi was the unsung hero who helped save the life of an incapacitated Malaysian climber, carrying him down from 8,400m on Everest last year. A video of the rescue by Ngima Tashi and Gelje Sherpa became an international sensation. But luck ran out for Ngima Tashi and Rima Rinje on Annapurna last week. ‘We have lost two of our finest <a href="https://nepalitimes.com/news/without-sherpas-there-is-no-mountaineering">Sherpa guides</a>,’ Seven Summits said in a statement. ‘It is no longer possible for anyone to survive this long under the ice, and prolonging search means risking the lives of other Sherpas.’ In the past 75 years, Annapurna has seen the highest fatality rate among Himalayan peaks, with one third of those trying to climb it not making it down alive. This year, guides ran out of fixed rope because there were so many crevasses on the north face. They also reported bigger and more frequent rockfalls and avalanches.&nbsp; South African climber John Black was nearly caught in the avalanche that killed the guides. He then made the agonising decision to turn back soon after leaving Camp 3 last week on Annapurna.&nbsp; “I was uncomfortable and uneasy. Some may call it gut, others may call it calculated,” says Black, who actually shared a chocolate with the two Sherpas just before they were swept away by the avalanche. “It is certainly a sharp reminder that the risks are real and things can change in a heartbeat.”&nbsp; After the avalanche, there has been criticism of some climbers deciding to be helicoptered off the north face despite not showing signs of immediate emergency. A problem in <a href="https://nepalitimes.com/here-now/the-himalayan-odyssey">Himalayan mountaineering </a>in recent years has been the greater numbers of inexperienced climbers who are not only risks to themselves, but also to guides and other climbers. Many do not know when to turn back when the going gets tough. “Some climbers struggled with crampons, some seemed to lack decent techniques for <a href="https://nepalitimes.com/banner/if-the-ice-is-gone-we-are-done">climbing rock and ice</a>,” says Black. “In many cases, the climbers were too slow and struggled to move efficiently across tricky terrain. On a mountain like Annapurna, speed is the only thing you can do to reduce exposure to danger.”&nbsp; The problem has been made worse by instant gratification through social media posts. The challenge of climbing a Himalayan peak has been replaced by an <a href="https://nepalitimes.com/news/love-of-books-goes-online">Instagram</a> summit fetish, and expedition companies try to accommodate the wishes of their clients.&nbsp; The other expedition that generated a controversy even before it started is of a four-member team of British Army veterans who are ‘acclimatising’ by breathing xenon gas ahead of the climb to enhance production of their red blood corpuscles. Although this is said to be an ‘experiment’, use of the gas by the Mission Everest Expedition has been criticised because it is banned by the Anti-doping Agency as performance enhancing. Dimantha Dilan Thenuwara, a Sri Lankan IT professional, is attempting the gorgeous Ama Dablam. He plans to take both the Sri Lanka and Nepal flags up to the summit, and wear the daura suruwal Nepali national dress on top. He wants to promote a message of ‘prosperity through unity’, especially among <a href="https://nepalitimes.com/editorial/south-asia-2040-qxr16oup">South Asian countries</a>.&nbsp; Thenuwara describes himself as a pampered child who was best friends with his dad, who was killed in the 2004 Sri Lanka Tsunami. The tragedy drives him to climb.&nbsp; “This expedition is a mission that began 20 years ago,” says Thenuwara, who had to grow up quickly, and put himself through tech school. He is financing the trip himself, and believes strongly in the need for youth to remember their roots. The Ama Dablam climb is<a href="https://archive.nepalitimes.com/news.php?id=6738"> preparation for an expedition</a> to climb K2 later this year.&nbsp; Another notable expedition is of Peter Hamor of Slovakia and the Italian couple Nives Meroi and Romano Benet, who are attempting a new route on 7,590m Yalung Peak in the Kanchenjunga massif. A two-member British team is already at <a href="https://nepalitimes.com/here-now/letters-from-everest-base-camp-1-vfqcer0e">Everest Base Camp</a> to go up the Lhotse face and make one more attempt to jump off the mountain in wingsuits. &nbsp;

Vishad Raj Onta

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Glory and risk on Himalayan peaks

Nepal expects a surge in mountaineering expeditions on Mt Everest this spring before fees are hiked to climb<a href="https://nepalitimes.com/news/mt-everest-pvt-ltd?amp=1"> the world’s highest mountain</a>. The number of <a href="https://nepalitimes.com/news/missing-out-on-nepal-s-tourism-potential">tourists</a> and mountaineers coming to Nepal has rebounded to <a href="https://nepalitimes.com/news/visit-nepal-again">pre-pandemic levels</a>, mostly because of backlog and also since climbing from the north face of the mountain in Tibet was closed till last year, and China only issues permits for 300 climbers each season from its side of the mountain. In 2019, Mt Everest had a record 877 summits, with 661 from Nepal and 216 from China. Last year, there were 861 successful climbs, with 787 from Nepal and 74 from the north. The number of summits from the Nepal side saw an increase of over 100. <a href="https://nepalitimes.com/news/spring-returns-to-nepal-s-mountaineering">There may be a surge </a>in Spring 2025 given that it is the last <a href="https://nepalitimes.com/banner/peak-climbing-season-in-nepal">climbing season </a>before the Everest permit is increased from $11,000 to $15,000 in September. The fee increase is an attempt to reduce overcrowding on Everest, where traffic jams near the summit have given mountaineering a bad press worldwide. Read also: <a href="https://nepalitimes.com/opinion/comment/dispelling-myths-about-climbing">Dispelling myths about climbing</a>, Edward Morgan However, such is the draw to climb the world’s highest mountain that a $4,000 hike in permits may not be much of a deterrent. Besides the fee, each climber spends anywhere up to $100,000 for logistics, equipment and hiring high altitude guides if they go through foreign operators. It is about half that if expeditions are handled by Nepal-based companies. Nepal is trying to balance the negative publicity about overcrowding and <a href="https://nepalitimes.com/news/nepal-can-t-keep-up-with-trash-building-up-on-everest">garbage on Everest</a> with the need to maximise revenue from the mountain and is reluctant to have new rules and fees that would reduce expedition numbers. Read also: <a href="https://nepalitimes.com/banner/everest-fights-back">Everest fights back</a>, Alton C Byers in Khumbu “The government of Nepal is showing that it values money over lives,” Alan Arnette, an Everest summiteer and blogger, told Nepali Times from Colorado. Mountaineering was always dangerous, and it was the adventure that was the challenge. But the hazards have risen in recent years because <a href="https://nepalitimes.com/here-now/those-who-stay">climate breakdown</a> has increased the frequency of avalanches, and made climbing more difficult as ice slopes turn into rock faces. Traffic jams above the death zone at 8,000m of Himalayan peaks have made climbing even more dangerous. An additional factor is over-commercialisation of mountaineering in which operators cash in on global demand from climbers who have limited expertise in technical climbing, or cannot acclimatise. There were a record <a href="https://nepalitimes.com/here-now/8848-86-v9j5qo6l">18 fatalities on Everest in 2023</a>, and eight in 2024.  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/2025022108028_aba235c7d5d92108223352112358df99eab6ee9a3d45e45c18303289a9c47873.jpg" data-media-id="editor_10" data-image-id="2025022108028_aba235c7d5d92108223352112358df99eab6ee9a3d45e45c18303289a9c47873" data-rendition-name="original" width="1045" height="881" loading="lazy" alt="Climbing season graph "> </figure>  Besides the fee increase, Nepal has also introduced rules to prohibit solo expeditions and to require all climbers to sew GPS chips into their jackets to track their location. The ban on solo climbing has always been there since all mountaineers are required to hire guides. Of the 787 Everest summits from the Nepal side last year as many as 468 were hired guides and 319 their clients. Read also: <a href="https://nepalitimes.com/news/without-sherpas-there-is-no-mountaineering">“Without Sherpas, there is no mountaineering”</a>, Bhadra Sharma The rule on GPS sensors was announced in February 2024, and although it was a good idea, it was never implemented. Besides, the ‘chips’ turned out to be radar reflectors used to locate climbers buried by <a href="https://archive.nepalitimes.com/article/Nepali-Times-Buzz/avalanche-protection,1308">avalanches</a>. In one case, an expedition company said it could not track a missing climber because he did not have a tracker. “These rules exist only on paper,” says Behrouz Moghaddasi at White Mountain Rescue Training Institute who has over 20 years of experience in search and rescue, and has worked in the Himalaya since 2016. “The government has no contingency plan in the case of a major accident.”&nbsp; Moghaddasi says that given the amount the government is collecting through permits from Everest and other Khumbu mountains, it should shoulder more responsibility. “In fact private companies are getting better at rescue operations, with little support from the government,” he says. The need to increase revenue was also perhaps what led the government last month to officially recognise six more peaks above 8,000m: four in the Kanchenjunga massif and two near Lhotse. The announcement was widely ridiculed in international <a href="https://nepalitimes.com/news/where-have-all-the-mountaineers-gone">mountaineering circles</a> since it went against accepted criteria for ‘topographic prominence’. A peak has to be at least 300m higher than the lowest point on a connecting ridge otherwise it is considered a sub-peak of the main summit. The lack of coordination between different government agencies and <a href="https://nepalitimes.com/editorial/government-is-god">ad hoc approach</a> was most evident in the sudden on-again-off-again ban on helicopter flights in the Everest region last month that created a lot of confusion. Helicopters are now flying again. There are some ways to reduce fatalities and similar to measures taken in the Alps. Climbers are already required to have summited a peak over 7,000m before they attempt Everest, but safety could be increased if guides need to be internationally certified, and establishing search and rescue resources at Base Camp and Camp 2.  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20250221080216_7fde9d679bc0d8954ef4365d675d0f229f5bd05351b2eaa0490e8fc3de5d5b18.jpg" data-media-id="editor_15" data-image-id="20250221080216_7fde9d679bc0d8954ef4365d675d0f229f5bd05351b2eaa0490e8fc3de5d5b18" data-rendition-name="original" width="1600" height="1200" loading="lazy" alt="Mt Everest"> <figcaption>The summit ridge of Mt Everest on 20 May 2022. Photo: LUKAS FURTENBACH </figcaption> </figure>  Even if these government measures are strictly implemented, clients and guides sometimes take unnecessary risks on mountains. Clients invest vast sums for their climbs and there is pressure to bag the peak even if the guide tells them it is too dangerous. Sometimes guides are ignored by determined clients, especially when there is a record or competition involved. Many recent deaths would be preventable if guides turned clients back at the first sign of<a href="https://nepalitimes.com/opinion/more-porters-sick-on-everest-trail"> altitude sickness</a>, or if teams followed basic avalanche hygiene. Another culprit is itineraries that are too lean, a result of companies competing to give clients the shortest trip possible to the summit and back.&nbsp; “Every climber, solo or otherwise, should take Everest seriously and not expect to rely on any other expeditions,” says journalist and climber Billi Bierling of the Himalayan Database in Kathmandu.&nbsp; Global warming trends are making climbing more dangerous, for example on the South Col route and Icefall on Everest, but it means climbing seasons should also be recalibrated. For example, spring expeditions could start earlier in March, and end later in June. The arrival of the monsoon has shifted and now usually breaks over Nepal in late June. Read also: <a href="https://nepalitimes.com/here-now/nepal-pushes-mountain-bike-tourism">Nepal pushes mountain bike tourism</a>, Vishad Raj Onta

Peak climbing season, 2025

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

Visit Nepal in the monsoon

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

Nepal’s bubble economy

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

Flouting rules caused Saurya tragedy

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

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Walking, working, worshipping in Patan