<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109111144/636b84809c7e80680e06779ajpeg.jpg" alt="" width="1100" height="694"/><figcaption>69 vultures were found dead in Nawalparasi last month.</figcaption></figure>On the grounds of a college campus in Nawalparasi, the great brown birds lay as if they were taking part in some ritual. The vultures were all lying in almost concentric circles around an animal carcass.The 69 vultures were all dead: 35 White-rumped Vultures, 31 Himalayan Griffons, two Cinereous and one Slender-billed Vulture. Of the four species, two were on the IUCN list of critically endangered birds.The death of the vultures in Nawalparasi on 20 April is a huge setback to Nepal’s successful effort to protect the birds from extinction after they started dying mysteriously in the 1990s.Nepal is <a href="https://www.nepalitimes.com/banner/nepal-is-a-model-for-vulture-conservation/" target="_blank" rel="noopener noreferrer">a role model for vulture conservation</a> internationally with local communities and nature groups here saving the birds from near extinction.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109111144/636b84839c7e80680e06779bjpeg.jpg" alt="" width="900" height="490"><figcaption> </figcaption></figure><figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109111144/636b84859c7e80680e06779cjpeg.jpg" alt="" width="900" height="573"><figcaption> </figcaption></figure>The White-rumped, Long-billed and Slender-billed Vultures declined by more than 99% in India and Pakistan.In Nepal, there was a 96% decline in the Slender-billed Vulture population between 1995 and 2001, and the number of White-rumped Vultures had gone down by 91%.Of the nine species of vultures found in Nepal, four are critically endangered (the Long-billed, White-rumped, Slender-billed and Golden Vultures) according to the IUCN (International Union for Conservation of Nature). The Himalayan Griffon, Hadfor and Cinereous Vultures are also on the near-endangered status.In 2003, scientists discovered that <a href="http://archive.nepalitimes.com/news.php?id=4156#.X1NJ_y0w0Wo" target="_blank" rel="noopener noreferrer">an analgesic called Diclofenac</a> used to treat sick livestock was causing the decline. The residue of the steroid in the carcasses of livestock caused kidney failure in vultures, but not other scavengers. Studies have shown that just 30ml of Diclofenac can kill as many as 800 vultures.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109111144/636b84879c7e80680e06779djpeg.jpg" alt="" width="800" height="541"><figcaption> </figcaption></figure>The total number of vultures across Nepal declined from 1.6 million in the 1980s to less than 20,000 today. Moreover, only 50-75 Slender-billed Vultures are remaining in Nepal, and half the remaining 2,000 White-rumped Vultures are expected to disappear in the next ten years.In 2006, South Asian countries including Nepal <a href="http://archive.nepalitimes.com/news.php?id=10759#.YJooci2B0b1" target="_blank" rel="noopener noreferrer">banned Diclofenac</a>, and Nawalparasi district saw the opening of several ‘vulture restaurants’ that serve safe meat for vultures to feed on. Since then, Bird Conservation Nepal (BCN) has set up seven more such feeding centres in Rupandehi, Dang, Kailali, Kaski and Sunsari districts across the Tarai and foothills.The <a href="http://archive.nepalitimes.com/news.php?id=16689#.YJooay2B0b1" target="_blank" rel="noopener noreferrer">‘raptor restaurants’ are managed locally</a>, aging livestock are reared and upon their natural death the uncontaminated meat is fed to the birds. The effort saw a significant revival of the vulture population in Nepal.Investigations are continuing into the deaths of the 69 vultures last month at Palhi Multiple Campus in Ramgram Municipality of West Nawalparasi. The National Forensic Science Laboratory in Kathmandu is still trying to determine the type of poison used to kill the street dogs on which the vultures fed."Once we get the test results back from the laboratory, we will know which pesticide was used to kill the dogs and how strong it was,” says Shankar Prasad Gupta, Division Forest Officer of West Nawalparasi. “We will then proceed to stop such use in future.”<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109111144/636b848a9c7e80680e06779ejpeg.jpg" alt="" width="1920" height="1024"><figcaption> </figcaption></figure>Nepal’s ornithologists and bird conservationists, who had worked so hard to save vultures are still in a state of shock.“It is a tremendous loss for so many of the endangered vultures to be killed in one place at one time,” says Ankit Bilas Joshi of the National Bird Conservation Association. He says that despite the Diclofenac ban, other non-steroidal drugs toxic to vultures and eagles are still being used to treat livestock.<a style="font-size: 15px; letter-spacing: 0.01em;" href="http://archive.nepalitimes.com/news.php?id=17462#.YJoofS2B0b2" target="_blank" rel="noopener noreferrer">Vultures</a> get a bad rap, and are culturally considered repulsive for feeding on carcasses, which has added to the challenge in their conservation. But this negative perception does a disservice to their contribution to scavenging, in balancing the ecosystem and the food chain.By consuming carrion, raptors reduce the spread of disease among humans and cattle alike. When vultures nearly became extinct in the Subcontinent animal carcasses lay rotting in the fields and jungles, spreading pathogens.But the work must go on, and Nepal is developing the world’s first vulture sanctuary, stretching over 30,000sq km. Unlike other protected areas, it will not have a defined perimeter, but it will be free of Diclofenac and other chemicals.In 2008, the Nepal government also set up a vulture conservation and breeding centre in Kasara in the Chitwan National Park. A ‘Vulture Conservation Action Plan 2009-2013’ has been approved and implemented followed by a second action plan 2015-2019. Under the campaign, 74 districts (except Kathmandu, Lalitpur and Bhaktapur) have been declared Diclofenac free.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109111144/636b848d9c7e80680e06779fjpeg.jpg" alt="" width="1100" height="737"><figcaption> </figcaption></figure>Collectively, these strong local and national conservation efforts had helped to improve food availability and habitat improvement leading to the vulture population either stabilising or rising in numbers. But experts say Nepal alone cannot rescue the birds from extinction.“Vultures fly long distances and because of their migratory nature, we need coordinated international conservation effort to protect these endangered species from perishing,” says ornithologist Krishna Bhusal, citing the example of a vulture with a geo-locator which last year flew from Nepal across north India to Kashmir.In the past four years, at least 31 vultures tagged with satellite tracking devices have been released to study their movements. An additional 30 wild vultures fitted with satellite trackers have been found to roam an area of 25,000 sq km in the Tarai and the foothills of the Himalaya.Vultures mate for life, they nest and rear their chicks together. However, of the nine species found in Nepal, only six build nests on trees, while the Himalayan Griffon, Hadfor and Egyptian Vultures build theirs on cliffs.

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Nepal’s vultures: Between existence and extinction

<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022110915110/636bb3419c7e80680e07bb2djpeg.jpg" alt="" width="800" height="541"/><figcaption>White-rumped vulture. photo: ANKIT BISHAL JOSHI</figcaption></figure>Vultures get a lot of bad press.Unlike other birds which are praised for their melodious song or bright plumage, vultures have been traditionally reviled for feeding greedily on carcasses, and what many see is as a repulsive look. In many cultures, they are considered an ill omen and the Nepali language has many derogatory phrases like गिद्धे दृष्टि.A famous dialogue in the critically acclaimed and commercially successful recent Nepali movie Loot proclaims Kathmandu as a ‘the city of vultures’. What an insult to vultures.This negative perception of vultures does not take into account the enormous ecosystem services provided by the raptors in consuming carrion, and reducing the spread of disease.In fact, when vultures nearly became extinct in the Subcontinent in the past two decades because of the use of the veterinary <a href="http://archive.nepalitimes.com/news.php?id=4156#.X1NJ_y0w0Wo" data-saferedirecturl="https://www.google.com/url?q=http://archive.nepalitimes.com/news.php?id%3D4156%23.X1NJ_y0w0Wo&amp;source=gmail&amp;ust=1599381664331000&amp;usg=AFQjCNHxxa57JlGitZOkej0lUcJbTDX2pA">anti-inflammatory drug diclofenac</a>, animal carcasses lay rotting in the fields and jungles becoming hotbeds for pathogens.South Asia first started seeing a massive decline in its vulture population starting the 1990s, and no one quite knew why. The White-rumped, Long-billed and Slender-billed vultures declined by more than 99% in India and Pakistan.In the Nepal, between 1995 and 2001, there was a 96% decline in the Slender-billed vulture population, and the numbers of White-rumped vultures had gone down by 91% until 2011.Researchers then zeroed in on the cause: the use of the analgesic diclofenac to treat sick livestock. Residue of the drug in the carcasses of those animals when consumed by vultures caused their kidneys to fail. Studies have shown that just 30ml of diclofenac can kill as many as 800 vultures.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022110915110/636bb3449c7e80680e07bb2ejpeg.jpg" alt="" width="1920" height="1024"><figcaption>White-rumped vultures. Photo: NATIONAL TRUST FOR NATURE CONSERVATION/SAGAR GIRI</figcaption></figure>The good news is that Nepal has established itself as a <a href="http://archive.nepalitimes.com/news.php?id=17462#.X1NJ9y0w0Wo" data-saferedirecturl="https://www.google.com/url?q=http://archive.nepalitimes.com/news.php?id%3D17462%23.X1NJ9y0w0Wo&amp;source=gmail&amp;ust=1599381664331000&amp;usg=AFQjCNHY1OVua4wGzUSfFspuMVNWDrGmZA">pioneer in vulture conservation</a> over the years, and the birds are now showing signs of coming back.Nepal is home to nine species of vultures of which seven have undergone considerable decline in recent years. The White-rumped vulture (Gyps bengalensis), Slender-billed vulture (Gyps tenuirostis), <a href="http://archive.nepalitimes.com/article/Nepali-Times-Buzz/discovery-of-new-breed-of-vultures-in-Nepal,961" data-saferedirecturl="https://www.google.com/url?q=http://archive.nepalitimes.com/article/Nepali-Times-Buzz/discovery-of-new-breed-of-vultures-in-Nepal,961&amp;source=gmail&amp;ust=1599381664331000&amp;usg=AFQjCNGUbaD3na07UIbR1HCzYaYm6YnLCw">Red-headed vulture</a> (Sarcogyps calvus) and Indian vulture (Gyps indicus) are in the IUCN critically endangered list.<img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022110915110/636bb3479c7e80680e07bb2fjpeg.jpg" alt="" width="524" height="1018">The Egyptian vulture (Nephron percnopterus) is listed as endangered, and three species – Bearded vulture (Gypaetus barbatus), Cinerous vulture (Aegypius monachus) and Himalayan Griffon (Gyps himalayensis) -- are near threatened.The first Vulture Conservation Summit in Kathmandu in 2004 took three key decisions: <a href="http://archive.nepalitimes.com/news.php?id=10759#.X1NK4i0w0Wo" data-saferedirecturl="https://www.google.com/url?q=http://archive.nepalitimes.com/news.php?id%3D10759%23.X1NK4i0w0Wo&amp;source=gmail&amp;ust=1599381664332000&amp;usg=AFQjCNHnLixxdYVVdQue3SYrUgdAKQOkgg">ban the use of diclofenac</a>, establish breeding centres for endangered vultures, and rehabilitate them in the wild.In 2006, diclofenac was banned by the <a href="http://archive.nepalitimes.com/news.php?id=19320#.X1NKDy0w0Wo" data-saferedirecturl="https://www.google.com/url?q=http://archive.nepalitimes.com/news.php?id%3D19320%23.X1NKDy0w0Wo&amp;source=gmail&amp;ust=1599381664332000&amp;usg=AFQjCNFNG54dhT2eUMhXS592_RyN4U8Fcg">governments of South Asia</a>. The same year, Nepal opened world’s first food centre for the birds called the <a href="http://archive.nepalitimes.com/article/Nepali-Times-Buzz/vulture-restaurant,1163" data-saferedirecturl="https://www.google.com/url?q=http://archive.nepalitimes.com/article/Nepali-Times-Buzz/vulture-restaurant,1163&amp;source=gmail&amp;ust=1599381664332000&amp;usg=AFQjCNHl7sdPj-Lo_b4tYb0jYVnRh-WenA">‘Vulture Restaurant’</a> locally known as ‘Jatayu Restaurant’ in Nawalparasi district.<a href="http://archive.nepalitimes.com/news.php?id=16689#.X1NLDS0w0Wo" data-saferedirecturl="https://www.google.com/url?q=http://archive.nepalitimes.com/news.php?id%3D16689%23.X1NLDS0w0Wo&amp;source=gmail&amp;ust=1599381664332000&amp;usg=AFQjCNFFvIyNtL2LWYW6GHCThGjyXA0U_Q">Operated and managed locally</a> in an effort to provide the birds of prey with uncontaminated meat, it saw a significant revival of vulture populations in the area. Seven more ‘vulture restaurants’ have been set up across the Tarai and mid-hill districts: Rupandehi, Dang, Kailali, Kaski and Sunsari.https://www.youtube.com/watch?v=V9twp67MdPs&amp;feature=emb_logoSimilarly, a vulture conservation and breeding centre was set up in Kasara in the Chitwan National Park in 2008. The same year a 'Vulture Conservation Action Plan 2009-2013' was approved and implemented followed by a second action plan 2015-2019. The campaign has seen 74 districts (except Kathmandu, Lalitpur and Bhaktapur) declared diclofenac free.At present, Nepal is on the verge of establishing the world's first vulture sanctuary – which will not have a defined perimeter like other protected areas, but will stretch over 30,000sq km divided into inner core area and a buffer zone. The amount of diclofenac in the core area should be zero and less than 1% in the buffer region.In order to increase the population of vultures in these protected areas, 31 vultures tagged with satellite devices have been released into the natural habitat in the last three years. Additional monitoring of 30 wild vultures fitted with satellite equipment is being carried out.Despite these achievements, vulture conservation is not without challenges. Most conservation programs are limited to the Tarai and hence should be expanded to the mid-hills and the mountains.Apart from diclofenac, other chemicals such as nimuslide, aceclofenac, and ketoprofen also appear to be harmful to vultures and regular monitoring to prevent excessive use of these drugs is recommended. Additional risks also come from declining natural habitat, food shortage and transmission lines.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022110915110/636bb3499c7e80680e07bb30jpeg.jpg" alt="" width="1100" height="737"><figcaption>Indian and Slender-billed vultures. Photo: ANKIT BISHAL JOSHI</figcaption></figure>Vultures mate for life, they stay together from nesting to hatching to rearing their young ones. They are found primarily in the Tarai and mid-hill forests of western Nepal and generally prefer to nest in enormous simal trees.Despite the negative perception of vultures in culture and folklore, the birds have religious, cultural and environmental significance. Hindus worship it as the vehicle of Saturn. In the Ramayana, the vulture Jatayu fought till his last breath when Ravana abducted Sita. The practice of feeding the deceased to vultures is still prevalent in Himalayan communities that worship the scavenger as carriers of human souls to heaven.More importantly, in the absence of vultures there will be no scavengers to dispose of carrion, leading to disease outbreaks among humans and cattle.In monetary terms, one vulture in its lifetime saves about $11,000 for its role in carcass management.It is in our interest to invest in vulture conservation. The first Saturday of September every year is marked as the International Vulture Awareness Day and it is in its 12th edition this year, Nepal should commit to work together with the communities, governments, environmentalists and conservation groups, because by protecting vultures we preserve biodiversity, and ultimately the safety and health of human beings.<img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022110915110/636bb34c9c7e80680e07bb31jpeg.jpg" alt="" width="88" height="103">Karun Dewan is with the World Wildlife Fund, Nepal.

Nepal is a model for vulture conservation

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