<h2>The Old Inn, Bandipur</h2><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110161152/636d1edb9c7e80680e0af433jpeg.jpg" alt="" width="960" height="480"/>Most people driving from Kathmandu to Pokhara do not realise that 30 minutes off the highway and up a mountain side is the jewel of Central Nepal: Bandipur. The old Newa trading town with its pedestrianised cobblestone main street is a model of how heritage tourism should be done in Nepal.At the centre of Bandipur bazar is<a href="https://www.facebook.com/The-Old-Inn-Bandipur-250494511972310" target="_blank" rel="noopener noreferrer"> The Old Inn</a>: a restored four-storey Newa townhouse of timber and warm red bricks. The carved beams and staircases add to the charm of this centuries-old structure true to Kathmandu Valley's traditional architecture.The rooms have low ceilings and doors, and the ambience more than makes up for the absence of the usual accoutrements of a modern hotel room. They are comfortable and decorated with Buddhist and Newa art, and locally made furniture. Food is delicious and prepared entirely from locally-sourced organic ingredients.Those spending the day here can take a leisurely hike to Ramkot, a Magar village two hours away, and learn first-hand about age-old farming methods. If you like more adventure, you can hike to Siddha Cave (4 hours down and up) and even do a bit of spelunking.Situated on a ridge at 1,030m elevation, <a href="http://archive.nepalitimes.com/news.php?id=9962#.YcXGkC8w3u0" target="_blank" rel="noopener noreferrer">Bandipur</a> is sunny all winter when the Marsyangdi Valley below and Pokhara to the west are shrouded in fog. As the sky clears up, a vast mountain vista opens up, revealing the stunning Annapurnas, Himalchuli and Ganesh Himal.A Magar kingdom before Prithvi Narayan Shah took over nearly 300 years ago, Bandipur was settled by Newa traders from Kathmandu Valley in later centuries, bringing with them art, culture and architecture that have been preserved intact – even as they slowly disappear in Kathmandu itself.<img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110161152/636d1edd9c7e80680e0af434jpeg.jpg" alt="" width="1000" height="1333">Easily accessible from Kathmandu (4 hours), Pokhara (2 hours) and Chitwan (1.5 hours), Bandipur will soon be connected to the highway by a scenic cable car. Visitors can opt for lunch on arrival at The Old Inn and take a guided tour of the town, and then savour authentic Nepali cuisine for dinner.At the end of the day, The Old Inn provides a soothingly tranquil environment to wind down over sundowners on the terrace, making it a place perfect for families and groups of friends for a festival holiday.For Nepalis (all prices include service charge and VAT)Single room with bed and breakfast: Rs5,000Single room with either lunch ordinner and breakfast: Rs6,000Single room with breakfast, lunch, and dinner: Rs7,000info@rural-heritage.com+977 1 4522617, 4522618, 9808882270<h2>Soaltee Westend Premier, Nepalganj</h2><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110161152/636d1ee09c7e80680e0af435jpeg.jpg" alt="" width="1400" height="562">Equipped with infrastructure that is both eco-friendly and luxurious, <a href="https://www.soalteewestend.com/">Soaltee Westend Premier</a> is the ideal hangout in <a href="http://archive.nepalitimes.com/news.php?id=5885#.YcXG0y8w3u1" target="_blank" rel="noopener noreferrer">Nepaganj</a> for the eco-conscious traveller. It is the first Leadership in Energy and Environmental Design (LEED) certified Silver Category hotel in Nepal with a ground water recharge system, rainwater harvesting, recycling of toilet effluent and measures to save energy. Visitors can sleep soundly at night, not worrying about their carbon footprint.The hotel is just 10 minutes away from the airport, making it a good choice for those looking for a comfortable stay after treks. It was designed to cater to an influx of Indian pilgrims headed to Mt Kailash, although the pandemic ruined that idea. Still, travellers can relax at the spa and sauna, enjoy snacks in the in-house café, or head down to the Sunset bar.For those looking for adventure, <a href="https://www.nepalitimes.com/banner/the-wellbeing-of-the-wilderness/" target="_blank" rel="noopener noreferrer">Bardia National Park </a>is only a few hours away. Pay a visit to the grasscutter’s lane to taste the tradition and life in rural Nepal. At the city centre, indulge in some local delicacies and barbecue street food. Sweat it all out in the in-house gym at the hotel or take a leisurely swim in the first-floor swimming pool.Single: Rs6,500++ (breakfast included)Double: Rs7,500++ (breakfast included)081 - 551145/48/86/87<img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110161152/636d1ee39c7e80680e0af436jpeg.jpg" alt="" width="542" height="245"><h2>Charikot Panorama Resort, Dolakha</h2>Designed in collaboration with a Swiss architect and built in the late 90s, <a href="http://www.charikotresort.net" target="_blank" rel="noopener noreferrer">Charikot Panorama Resort </a>provides a comfortable stay with a friendly and homely atmosphere.Perched atop a hillock in <a href="http://archive.nepalitimes.com/news.php?id=15278#.YcXF_S8w3u0" target="_blank" rel="noopener noreferrer">Dolakha</a>, the resort is a perfect weekend getaway. The resort offers a full package of accommodation, and can organise trips to Rolwaling, Jiri or Kalinchok, now linked with cable car.Rolwaling Himal, including majestic Gauri Shankar (7,134m) and Melungtse (7,181m) are directly to the north. The hotel offers traditional Swiss (think fondue) and Nepali cuisine prepared by trained chefs.<img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110161152/636d1ee49c7e80680e0af437jpeg.jpg" alt="" width="960" height="640">You can also take a stroll down the old trading town of <a href="https://archive.nepalitimes.com/article/Nepali-Times-Buzz/heritage-conservation-outside-kathmandu,3487" target="_blank" rel="noopener noreferrer">Dolakha Bazar</a> with its old mint house and the Bhimsen Tower. Bring your binoculars to the four-storey high Charikot View Tower to take in the breathtaking view of the surrounding landscape.The vegetables served are homegrown organically in the hotel’s garden. Don’t miss out on the homemade bread and plum jam during breakfast and opt for dinner by the bonfire during the chilly evenings.The resort also features a small library and is pet friendly. Rooms are heated, which is welcome during the chilly nights.Standard Half board (includes set dinner and breakfast) Single: Rs4,400 Double: Rs7,500 Triple: Rs9,900 Room-only starts at: Rs3,800 All rates inclusive of VAT and Service charge. 01-5529463, 9802189822<h2>Tiger Mountain Pokhara Lodge, Pokhara</h2><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110161152/636d1ee79c7e80680e0af438jpeg.jpg" alt="" width="640" height="426">People don’t come to <a href="https://tigermountainpokhara.com/">Tiger Mountain</a> to see tigers, although tigers have started being sighted higher along the Himalaya lately. An occasional leopard does stroll by at night. But most visitors come here for the mountains after seeing tigers in the hotel's sister properties in Bardia or Chitwan. The surrounding forest is alive with birds, and a 30 minute stroll yields sightings of at least 40 different species. The trees and thick undergrowth of the community forests are a favourite for birds, with 332 of Nepal’s 867 species found here. Two new sightings were recorded last year: White-fronted Goose and Short-eared Owl. There are 350 species of butterflies and dragonflies.Nestled at 1,200m on a ridge, Tiger Mountain commands an unparalleled vista from Gurja Himal in the west, along a jagged horizon of the Annapurnas, Machapuchre’s skyscraping pyramid, Lamjung Himal, right up to Manaslu and Himalchuli to the east. The place is ideal for those looking for a calm pre- or post-trek stay, for nature lovers, and for exploring local communities in rural setting.While most will come for the mountain views, Pokhara has a lot more to offer than Machapuchre. The ridge where Tiger Mountain is situated was first located by trekking pioneer Jimmy Roberts while trying to find prominent hilltops to erect radio masts for the 1960 elections. It then became a camping spot for Prince Charles’ trek to Nepal in 1979, and the ‘Royal Trek’ that it popularised: more relaxed scenic day hikes around Pokhara.Nepalis $140 per night/person (+tax)Foreigners $195 per night/person (+tax)Includes accommodation in double or twin sharing basis, all meals, non-bar hot drinks throughout the day, arrival and departure transfers and local guides.01 472 0580, 98611 17717<h2>Ghale Gaun Homestay, Lamjung</h2><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110161152/636d1ee99c7e80680e0af439jpeg.jpg" alt="" width="960" height="720">There can be no better way to experience the famed Nepali hospitality from a pre-trekking era than at<a href="http://archive.nepalitimes.com/news.php?id=18274#.YcXHZi8w3u0" target="_blank" rel="noopener noreferrer"> Ghale Gaun</a>.This historic village in Lamjung is where for more than two decades Gurung families have opened their homes to guests.Located 4 hour drive northwest of Kathmandu at an altitude of 2,100m, Ghale Gaun was first developed as a model SAARC village in 2008. Today, it draws trekkers and tourists to the <a href="https://www.nepalitimes.com/banner/the-tamu-trek-trail/" target="_blank" rel="noopener noreferrer">Gurung Heritage Trail</a>, which starts at Besisahar and ends in Thumsikot. The route includes several other villages within the Annapurna Conservation Area, including Ghanpokhara, Bhujung and Pasgaun, which also offer homestay services.“Out of 120 households in Ghale Gaun, 40 homes currently provide homestay services,” says Dirgha Ghale of the Ghale Gaun Tourism Management Committee.   “Homestay operators reopened their doors to tourists in mid-August following a crippling months-long Covid-induced shutdown.”Visitors can either ride up to Besisahar and make a 6-hour trek to the village, or drive straight up for a relaxed family trip.Ghale Gaun offers an authentic experience of the <a href="https://www.nepalitimes.com/nepali-times-search/?q=ghale+gaun" target="_blank" rel="noopener noreferrer">Gurung culture and way of life</a>. Stay in Gurung ‘ghumaune’ round-houses, savour local cuisine and beverages, and enjoy the breathtaking view of Manaslu in the east, Lamjung  and Annapurna II to the north. Visitors can meander through the bazar, visit the famed Uttarkanya Temple, bird-watch at the Talangyo Lake, or walk through the expansive tea garden. You can also sit in the sun overlooking terraced farmlands and listen to former Gorkhas recount stories of battles in far away lands in days gone by.Ghale Gaun Tourism Management Committee Price: Rs1,100-1,200 per day (3 meals included)

original

674x448

610x380

400x266

400x240

400x203

301x200

New Year New Places

<img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221107141112/636904909c7e80680e037d2djpeg.jpg" alt="" width="1400" height="562"/>Known for its pioneering role in high-end tourism in Nepal since the 1960s with its <a href="https://archive.nepalitimes.com/article/business/the-real-taste-of-china-in-soaltee,4116" target="_blank" rel="noopener">five-star Soaltee property in Kathmandu</a>, the group has taken another step by setting up Nepal’s most state-of-the art green hotel.The new <a href="http://www.soalteewestend.com/" target="_blank" rel="noopener">Soaltee Westend Premier</a> in Nepalganj stands out for its elegant architecture and interior design, but it is what is in its basement that is more interesting: a computerised system to manage electricity, temperature, water, and waste that is ecological as well as economical.“We wanted to take our pioneering role in Nepal’s hospitality industry to the next level, and set a new reference point for what hotels in Nepal should be,” explains Soaltee Crowne Plaza GM Upaul Majumdar, showing visitors the hotel’s heat exchangers.Instead of energy-intensive central air-conditioning in <a href="http://archive.nepalitimes.com/news.php?id=5885#.W4fVwM4zaUk" target="_blank" rel="noopener">Nepalganj</a> where summer heat hits 45o, the hotel uses radiant pipes to send cold water at 8o to cool walls and floors of the rooms. In winter, the pipes carry heated water. This keeps the entire hotel enclosed in a climate-controlled cocoon.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221107141112/636904939c7e80680e037d2ejpeg.jpg" alt="" width="1400" height="1050"><figcaption>Kunda Dixit</figcaption></figure>With additional measures like insulation, temperature calibration, even Otis elevators with regen drives, the hotel saves 75% on its monthly energy bill. <a href="http://archive.nepalitimes.com/news.php?id=5877#.W4fW1c4zaUl%20is%20stored%20in%20the%20550,000" target="_blank" rel="noopener">Rainwater</a> litre underground tanks, <a href="http://archive.nepalitimes.com/article/nation/water-table-of-kathmandu-valley-falling-fast-recharge-to-replenish,4100" target="_blank" rel="noopener">ground water</a> is recharged, toilet effluent is treated for recycling so there is no sewage outflow, and even the exhaust air from the kitchen is filtered before being released.“Instead of just announcing that we are green, from the design phase we planned to do it properly,” Majumdar explains, “it is expensive to be environment friendly, but we realised that in the long-term it can actually save you money by cutting down on waste.”Soaltee Nepalganj is the first Leadership in Energy and Environmental Design (LEED) certified Silver Category hotel in Nepal, a designation awarded by the US Green Building Council for following strict energy-saving and eco-friendly criteria.The <a href="http://archive.nepalitimes.com/news.php?id=5885#.W4Ipw2aB1TY" target="_blank" rel="noopener">border city</a> had no five-star hotel, but is on the cusp of a boom because of international flights to Delhi staring from January, the prospect of a surge in Indian tourist arrivals, pilgrimage traffic bound for Mt Kailash, the potential for a modern conference venue, as well as a surge in Nepali tourists.Majumdar, who was voted Asia’s Best General Manager Hospitality at the recent CMO Asia in Singapore, said Soaltee’s management saw the business potential in Nepalganj, but also wanted to invest in human resources.It has partnered with<a href="http://gate.edu.np/" target="_blank" rel="noopener"> GATE Vocational</a> to set up a hotel training institute in its premises to prepare staff not just to meet its own needs, but raise professionalism in the hospitality industry.Says Bibek Poudel of Gate Vocational Westend: “The quality of human capital is low in Western Nepal, and we found out that there was a demand for trained staff at new hotels in Nepalganj, and there are enough jobs here to absorb all our graduates.”The hotel is packed this season with Indian pilgrims waiting for flights to Simikot and on to <a href="http://archive.nepalitimes.com/news.php?id=5392#.W4fXhs4zaUk" target="_blank" rel="noopener">Kailash in Tibet</a>. The hotel had a soft opening in January is offering a promotional rate of $50.

500x500

1084x550

Energy saving Soaltee

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

soaltee-westend-premier

New Year New Places

Energy saving Soaltee

Visit Nepal in the monsoon

Nepal’s bubble economy

Flouting rules caused Saurya tragedy

Walking, working, worshipping in Patan