<img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110161152/636d1eeb9c7e80680e0af43ajpeg.jpg" alt="" width="960" height="640"/>Yongey Mingyur Rinpoche was born in Nubri of Gorkha district in 1975, and is the guru of the Karma Kagyu and Nyingma lineages of Tibetan Buddhism. Author of four books, including the New York Times bestseller The Joy of Living, he believes in the blending of traditional practices and philosophy with modern psychology. Last month, surgeon Saroj Dhital, himself a practitioner of Buddhism and student of Mingyur Rinpoche, sat with the guru at his Kathmandu Tergar Osel Ling Monastery, and talked about traditional and modern interpretations of Buddhist practices and philosophy. Excerpt of the conversation:Saroj Dhital: In our very first interaction you told me that taking refuge in the Buddha means taking refuge in the Buddha inside you. Could you elaborate?Mingyur Rinpoche: Shakyamuni Buddha tells you that you are the master of yourself. We all have this wonderful nature – our true nature – which we call the Buddha nature, and from the Buddhist point of view, no matter who you are, the essence is always the same. The essence of all the Buddhas, of all beings – humans, animals – what we call six realms, are the same.The Buddha recognised this, but we have not. You may have a diamond but as long as it is hidden and you do not recognise that, it does not matter. But, once you do, your life completely changes. The truth is, we are already rich from the beginning, many of us are yet to realise that.So it is really important to know that we all can become just like the Buddha, not just his follower, servant or retinue, through the practice of the dharma. "I can show you the path,” the Buddha said, “whether or not you fully become a Buddha is in your hands." We have to make an effort, follow the dharma, then we can become like the Buddha.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110161152/636d1eee9c7e80680e0af43bjpeg.jpg" alt="" width="1200" height="636"><figcaption> </figcaption></figure>Many people interested in Buddhist philosophy and practice look for faults in the Vajrayana. They say there is so much hierarchy in Vajrayana and that it is the path of the elite. While Vajrayana Buddhism developed in India and Nepal, it flourished in Tibet. In Tibet the guru is not like a God or a parent. It is a projection of your true nature, your Buddha nature, and its appreciation. To do this, you first project on the teacher the quality of the Buddha nature.But over time, this teaching from Tibet mixed with different cultures. Hierarchy is present in almost every culture. Starting with one’s family, there is either the father or the mother who is the head. The same is true for organisations and companies, even religions, as is evident in Buddhism. But in teaching, this is different.Let’s return to the previous example of a diamond that is hidden under layers upon layers. In the same way, we can also imagine our essence to be obscured by layers based on ignorance of our true nature.But then, what is our true nature, our Buddha nature?Buddha nature has three qualities: of emptiness, of being beyond concern, and being beyond subject and object. There is clarity, awareness, love and compassion. This is our true nature. But not recognising this is what hides our true nature from ourselves, in the form of our ego.Even scientists and philosophers have said, if we have ten qualities, nine are positive and one negative. This one negative quality is often what we see first and exaggerate. But we ignore the other nine good qualities. There is a lot of good that we manifest everyday, but we think the world is only getting worse every year.https://youtu.be/-2lTm2-sA7UCan we also think of guruyoga and other traditional Vajrayani practices as the highest form of tools to understand the truth? Certainly. In Vajrayana there are two paths: wisdom and skillfulness. Wisdom is the emptiness, which is the Buddha nature, while guruyoga falls under skillfulness with compassion, bodhichitta and awareness.Indeed, rituals, worshipping and recalling the deities are part of an art of expressing and connecting with our fundamental nature through imagination. There are plenty of rituals but we must understand their meanings. For example, when we imagine a deity, we require concentration. Connecting our true nature to different aspects of practice is the Vajrayana method.Is it possible to invite compassion and wisdom through the practice of samatha, or the awareness of the things around and within us?Only samatha cannot bring compassion and wisdom, we need samatha with skillful means. This can lead to vipassana, to insight. For example, one of the practices of samatha meditation in our tradition is watching our breath and being one with it. We need to learn how to be in our reality as it is.This is very important because our minds are restless and we tend to over exaggerate things to the point of worry. A scientist once said, 99% of our worries will be taken care of if we stop exaggerating and accept reality.But if we want to learn to see our reality, we have to start at a point, like with our breath. The emphasis here is to try and see our breath as it is. Does not matter if it is shallow or deep, irregular or peaceful. By listening to our breath, we must then let go of our aberrations.We all have great qualities. We all have Buddha nature. There is awareness, love and compassion, wisdom, skills and potential within all of us, and we should try our best to use them. We should also try to use our own mistakes, our own incapacities. Letting go doesn't mean giving up. The best power is within ourselves.There is a teaching in our Karma Kagyu and Nyingma lineages of Tibetan Buddhism that wisdom, love, compassion and awareness are the best powers. There is a story popular in Tibet: Once there was a king who was very generous and wanted to help everyone. He gave barley to his people from his own store, but once that ran out, there was nothing to eat. One of the ministers suggested that the people could be taught how to plant barley themselves so the wisdom stays with them. When they did that, the entire nation was saved.Accepting reality as it is, is the beginning of wisdom. The path is not smooth, of course, as there are lots of ups and downs, and our reality itself is impermanent and constantly changing. On top of this, our mind is like a restless monkey. We think of work, we worry about family, about life – many thoughts come and go. We often act on impulse, our past habits and what other people say. That creates a lot of misunderstanding and miscommunication.<img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110161152/636d1ef19c7e80680e0af43cjpeg.jpg" alt="" width="640" height="863">When we fight with these thoughts, we end up thinking about it more. But when we really want to think about it, the thought will disappear. That is what I mean by the monkey mind.This is not to say that thoughts are bad. It is important to let them come. But we have to also remember to breathe. If we don’t, we are not lost. We have to let go of craving, of attachment to develop wisdom, as wisdom is knowing reality as it is. Then slowly we return to ourselves, our bodies, our feelings, our minds. Thus, wisdom comes together through the samatha, and vipassana and samatha become one in the end.Is there an issue of balance or moderation when it comes to developing compassion within us?Yes. One day in the Buddha’s past life, he saw a mother tiger with her cubs looking for food. Thinking that if the mother died, the cubs would too, he offered his body to them. But Buddha later said, “Yes, I did so in my past life but new practitioners of bodhichitta should never do the same. The desire itself may become an obstacle.”It is important to develop love, compassion and bodhichitta, but in practice we need to find our own balance. We have to check our ability, our resources and the strength of our mind. We cannot help beyond our limit. Love and compassion alone won’t save the world, we need to combine it with wisdom. Wisdom is the main practice and compassion is the method.Wisdom is completely free like emptiness, beyond subject and object. And suffering is an illusion, while everything is emptiness. The view is totally open but your action has to be there. Generosity, discipline, effort, patience – all are important. But there are many dos and don’ts when it comes to action, as there are societal and cultural aspects. When you think about them, you cannot be free, which then leads you to tie yourself, which is another extreme.So, try your best to help others. But know your limits and find balance between the extremes.Read also: <a href="https://www.nepalitimes.com/banner/buddhas-birthday-in-his-birthplace/">Buddha’s birthday in his birthplace</a>, Nepali Times<img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110161152/636d1ef49c7e80680e0af43djpeg.jpg" alt="" width="1500" height="1000">Being able to identify evil within us is one thing, but what can we do when we see evil outside of ourselves?Normally we should support the victims, which is really important. But how do we do that?Sometimes we just follow our inner mara, and we become the same as the perpetrator, without understanding the condition, the situation in which the act was committed. While trying to save the victim, we choose violence. This is not real wisdom or compassion, and in the end it will create more problems and distractions.People do not want to change themselves – they only want to change the world, and then the world becomes chaotic. But Buddha’s way is that you need to change your inner world, your inner mara first. Only then does the genuine influence come.When you transform yourself, you want to help others, you want to radiate whatever peace you have within you to help others. Otherwise, you miss out on a lot of social work. Based on your inner mara, your social work becomes a weapon to develop your own mara, and it results in more conflict and more fighting. Social justice is important, and Buddha did that through love and compassion – not through hatred, violence.We have become very human-centric, not caring about the other sentient beings in the world. How should we use Buddha’s teachings, also for other beings?I think it is really important to connect with the balance. The world is based on the individual, and as we are the individual, we need to transform our actions according to our limit, our capacity. Then the world will change. The problem is when we want to change the world and that doesn’t happen, we give up. We think, “I am just one person, whatever I do, doesn’t affect the world.” And then we quit. If we are too tied and follow violence, we will then destroy the world.So, as the Buddha said, you help in your own way, with whatever you can contribute, whatever you can do to help the environment and the world – even the small things.I have met many social workers who were exhausted, stressed and depressed because nothing changed. If they practice the teachings of the Buddha – love and compassion, awareness and wisdom – and get more imagination and power, they can help the society and the environment more. Balance like this is very important.<img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110161152/636d1ef79c7e80680e0af43ejpeg.jpg" alt="" width="1285" height="1758">If you don’t believe in the soul, but you believe in rebirth, what is it that passes from one body to another? What is this continuity? Is it also a part of the soul?The Buddha nature is obscured by two layers. The outer layer is when we talk about self, which itself has three more layers: the unhealthy sense of self, the healthy sense of self, and the self beyond self.The unhealthy self is what we call clinging on to the ‘permanent, single, independent’. We perceive ourselves as permanent. At the same time, we don’t like to have unexpected surprises. But if the surprise is expected, we are happy. There is a kind of consistent belief that everything should be a certain way. For example, if you are waiting in a line to use the toilet and someone cuts in, the unhealthy self explodes.Maybe that person did not see you, had an emergency or just doesn’t respect you – there can be many causes and conditions, but we do not see them. We just want everything to be as we expected.Then there is ‘singularity’, meaning my way is the best way. During a science experiment, more than 70% of taxi drivers interviewed said that their driving skill was above average. But that is impossible. For example, if you and your friend are in a car, and the road is a little bumpy, then automatically we think that it would be safer if we were driving it.Then comes ‘independent’, meaning we want to control everything. We think, “if it is not controlled by me, it is wrong”. These three combined together [permanent, single, independent] is the mara actually. It is very touchy and egoistic. It doesn’t care about others. And that single, independent, permanent self actually does not exist even at the relative level. It is just at the conceptual level.<img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110161152/636d1efa9c7e80680e0af43fjpeg.jpg" alt="" width="960" height="640">Next is the healthy sense of self. It is the self that is changing. So maybe at home you are parents, husband or wife, and at work maybe a boss or a staff. With your friend circle, you are friends. Your Self is always changing. And this self has changed from your childhood till now. Sometimes the self is happy in the morning but unhappy in the evening. Sometimes good Self, sometimes not so good Self. Self is always changing.There is multiplicity – you become you because of your education, your family background, the way your friend looks at you, your body, your mind. There are so many pieces there. Understand that this is healthy. And they are all interconnected, interdependent, not independent. Not everything is in your hand. From there comes compassion, awareness and wisdom.And lastly, there is emptiness that does not mean nothing, but that everything can manifest. So the true nature of self is beyond time and matter, beyond subject and object.So then, what is continued? The healthy self is changed and that stream of consciousness, matter and particles is continued. The body is the particle and the mind is consciousness, and they will continue like a river even though they are changing.But the real self is emptiness at the ultimate level – empty, but not nothing. There is clarity and potential. These two are one and therefore we are not nothing – yet, we are not existing.Read also:<a href="https://www.nepalitimes.com/banner/kinship-karma-and-kung-fu/"> Kinship, karma, and kung fu</a>, Shristi Karki

original

674x448

610x380

500x500

400x266

400x240

400x203

301x200

On nature and human nature

It is only April, and Himalayan expeditions are already making rotations to acclimatise on Annapurna and Dhaulagiri, and will soon be making summit pushes.&nbsp; On Mt Everest, Icefall Doctors are fixing ropes and ladders into the Western Cwm as international climbers arrive at Base Camp. Spring 2026 is going to be the busiest and most crowded so far in the Nepal Himalaya. The main reason is that China has closed expeditions from the north side for eight-thousanders Everest and Cho Oyu, and also Xixapangma.&nbsp; The closure is informal, from what one can make out. The Chinese have not put out any official statement, but there are no permits either. The reason seemingly was the ‘Rising Dragon’ firework display last September by pyrotechnic artist Cai Guo-Qiang near Xigatse.&nbsp; Working with outdoor wear company Arc’teryx, Guo-Qiang set off an impressive sequence of orange and white fireworks that wound up a mountain. The spectacular display was criticised for damaging the fragile ecology of the Tibetan Plateau. But this cannot be the only reason the north side is closed. Experienced Everest blogger Alan Arnette anticipates that about 125 climbers will shift to the Nepal side of the mountains, and expects there to be up to 900 summits this spring — up from the highest spring number so far of 876 climbers on top in 2019.&nbsp;  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260404050428_8c31812bf38f699c4faa74f25814a6ddaee397f71a629e549023f29250f05082.jpg" data-media-id="editor_0" data-image-id="20260404050428_8c31812bf38f699c4faa74f25814a6ddaee397f71a629e549023f29250f05082" data-rendition-name="original" width="1500" height="1000" loading="lazy" alt="mountaineering"> <figcaption>Photo: KARMA TENZING</figcaption> </figure>  The early Base Camp arrivals are having problems with their first rotations because of heavy snow this season. Unlike previous springs, this year has seen back-to-back blizzards at high altitudes since February. The increased snow load on the slopes have increased avalanche danger right across the mountains.&nbsp; There has been an increase in numbers on Everest despite the West Asia war, flight disruptions, LPG shortage and new regulations. The permit fee has gone up for the first time since 2015 from $11,000 to $15,000 this year.&nbsp; The Tourism Bill passed by Nepal’s Upper House last year would have required climbers to have first summitted a 7,000m peak in Nepal before attempting Everest. However, the Department of Tourism has confirmed that there are no new experience requirements this season. Some want this rule changed to include 7,000m peaks anywhere in the world. That could be one reason people are rushing to climb Everest before the Nepal government changes its mind and enforces the new regulations on prior experience on Everest. “It’s probably going to encourage a lot of people that simply are not ready to go,” reckons Alan Arnette. “Once again, we may see a lot of inexperienced people on the mountain trying to get in before the rule comes into place, if it does.”&nbsp; Arnette has always been sceptical of Everest regulations, and points out many instances where rules have been announced but not implemented over the ten years that he has been tracking them. For example, a helicopter ban to Everest Base Camp was announced last year, but rescinded. A rule requiring climbers to bring down waste was never seriously enforced. Since there is so much money involved for the government and for the operators, any any rule that would reduce revenue is never fully implemented. This year there is another ‘High-Altitude Trash Quota’ rule requiring climbers and guides operating above Camp 2 to collect and bring down at least 2kg of waste from the higher camps.&nbsp; The Nepal government has tried to diversify peaks on offer by reducing the royalty on climbs, but the draw of Everest, Annapurna and other eight-thousanders seems to be too great. Even when the permit fees for some remote peaks like Kangri Shar, Himlung and Api, were reduced to $400, there are few takers.&nbsp;  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260402120436_a90cd44858e97086f773aa1fbd592b3434bb07d89cd4a1843b2ca32a84e7c72d.jpg" data-media-id="editor_1" data-image-id="20260402120436_a90cd44858e97086f773aa1fbd592b3434bb07d89cd4a1843b2ca32a84e7c72d" data-rendition-name="original" width="1500" height="1125" loading="lazy" alt="Photo Damien Francois"> <figcaption>Photo: DAMIEN FRANCOIS</figcaption> </figure>  TIME LAPSE Clients and expedition operators have been trying to shorten the time needed to complete an Everest expedition from the city of origin to the top and back. Since Nepal has no rules about spending a certain number of days in acclimatisation, this has allowed some expedition organisers to use new technology.&nbsp; Austrian operator Lukas Furtenbach last May led a group of four British ex-military clients to the summit within a week of leaving London. This climb was scrutinised because the group had practiced breathing xenon gas, a substance that increases the count of red blood cells and is banned in competitive sports. The climbers had also trained for months at home in hypoxic tents, and used supplemental oxygen during the actual climb.&nbsp; The success of that expedition prompted an investigation by Nepal’s Ministry of Culture, Tourism, and Civil Aviation, but there was nothing it could do because the team had taken the xenon in Germany two weeks before their trip. But even if they had administered the gas in Nepal, it would technically not be illegal. Furtenbach is firmly in favour of speed, and of using the gas. “The only reason why we are working with xenon is to make climbing safer, to protect climbers from high altitude sickness,” he says, arguing that the less time climbers spend on the mountains, the less their exposure is to disasters, sickness, and they also generate less trash.&nbsp; His firm, Furtenbach Adventure, offers a three-week Everest South Flash expedition, at a cost of €100,000, using custom oxygen systems. Other expeditions take up to two months.&nbsp; A young American duo of Ryan Mitchell and Justin Sockett got to Everest Base Camp five days ago. They are preparing for an oxygen-free summit attempt.&nbsp; ‘ Being around these mountains for one day has already brought me so much joy. Every time I come back to the Khumbu I feel more familiar and connected,’ posted Mitchell. He and Sockett have since summitted Lobuche East (6,119m) as they continue to acclimatise and wait for the Khumbu Icefall route to be fixed.&nbsp; There are other sans-O2 trips planned this climbing season in Nepal. Norwegian Kristin Harila, the fastest in the world to climb all 14 8,000ers (in 92 days), is attempting the Nuptse, Lhotse, and Everest three-peak climb without supplemental oxygen. American Tyler Andrews and Ecuadorian Karl Egloff are continuing their race to break records in Everest. While Andrews is attempting the Fastest Known Time from Base Camp to the top without oxygen, Egloff is taking it a step further and going for a round trip: from Base Camp to the summit and back in record time.&nbsp; Both Egloff and Andrews had attempted these climbs in 2025 spring, but abandoned around 7,000m due to bad weather.&nbsp; Kami Rita Sherpa wants to extend his all-time record of total Everest summits to 32, while Kenton Cool from England is chasing 20, a non-Nepali record.&nbsp; The first summits of the season will be in late April, or early May depending on weather. Besides Everest, there are a lot of interesting climbs on lesser known peaks.&nbsp; The Japanese trio of Masayuki Takenaka, Tatsuro Sugimoto, and Ryota Nomura, for example, are attempting the unclimbed Jarkya Himal (6,473m) near Manaslu. &nbsp;&nbsp; <h2>Fake rescues</h2>  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260402120436_600c0176e24327fd3dfcfd634e4b871f3e5314aa00eb4885ad137ac6f9c4a3b6.jpg" data-media-id="editor_2" data-image-id="20260402120436_600c0176e24327fd3dfcfd634e4b871f3e5314aa00eb4885ad137ac6f9c4a3b6" data-rendition-name="original" width="800" height="519" loading="lazy" alt="Fake rescues"> </figure>  This year’s spring climbing season has coincided with Nepal’s new government taking action against alleged perpetrators in fake rescues and insurance fraud. The Central Investigation Bureau (CIB) has already arrested more than a dozen trekking agency executives, hospital managers and helicopter company executives for medevac insurance fraud. Climbers are known to fabricate medical emergencies, get flown down from as high as Camp II on Everest, and then submit false insurance claims.&nbsp; Sometimes one flight is made to look like many using fake invoices. Trekking companies are also involved in fake rescues of hikers who just get tired of walking.&nbsp; Too many fake claims could lead to insurer’s losing confidence in the industry, and increased premiums, leading to delayed responses in real accidents.&nbsp; As a result of the scandal, there is now more scrutiny from the government about rescues. Already, helicopter operators have to wait for permission before carrying out rescues while their application is vetted.&nbsp; The worry is that this could cause unnecessary delays when time is of the essence in mountain rescue. Already, medevacs are delayed because of the bureaucracy needing permits to fly to sensitive regions bordering China. Last year, a climber died on Himlung because helicopter rescue took too long while operators ran from door to door in Kathmandu to obtain necessary permits. <h2>Mingma David Sherpa, MP</h2>  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260402120432_05c1600440327f4ae4bcae641b634714951f45702080a88d4e2628587190aa25.jpg" data-media-id="editor_3" data-image-id="20260402120432_05c1600440327f4ae4bcae641b634714951f45702080a88d4e2628587190aa25" data-rendition-name="original" width="960" height="958" loading="lazy" alt="Mingma David Sherpa"> </figure>  Meet Mingma David Sherpa, Nepal’s first mountaineer to be nominated to Parliament. Sherpa is a self-made professional climber from Rolwaling, who rose up from an expedition porter to a record-breaking mountaineer and expedition organiser. As an insider, he is now in a position to streamline laws related to Nepal’s trekking and mountaineering sector. He is co-owner of EliteExped with Nims Purja, and in 2021 the two were part of a team of Nepali climbers to be the first to make it to the top of K2 in winter, the second highest mountain in the world in Pakistan.&nbsp;  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260402120432_c4ec586e7a27b09a72e61925a3897d843f864563d9e82a3fd3e25293e22cbe54.png" data-media-id="editor_4" data-image-id="20260402120432_c4ec586e7a27b09a72e61925a3897d843f864563d9e82a3fd3e25293e22cbe54" data-rendition-name="original" width="2082" height="1396" loading="lazy" alt="Mingama David Sherpa"> </figure>  Mingma David was also on Purja’s Project Possible to climb all the 14 eight-thousanders in six months, shattering the previous record of seven years. He was featured in Purja’s documentary 14 Peaks: Nothing is Impossible.&nbsp; At age 30 he became the youngest climber to reach the top of all 14 eight-thousanders for which he was awarded the Piolet d’Or. Mingma David has taken part in dozens of successful rescues of fellow climber, including the highest ever long-line rescue on Dhaulagiri and saving the life of fellow-climber from 8,600m on Everest. <h2>April Fool</h2>  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260402120432_775afff27d4a2889a60730aa25bbc5f8eb8ea343528c8c031a6febbfd74814c4.jpg" data-media-id="editor_5" data-image-id="20260402120432_775afff27d4a2889a60730aa25bbc5f8eb8ea343528c8c031a6febbfd74814c4" data-rendition-name="original" width="1365" height="1820" loading="lazy" alt="Furtenback Adventures"> </figure>  The Austrian expedition outfitting company Furtenbach Adventures spoofed the anticipated crowds on an April First post on social media this week, showing ‘a fully galvanized, weather-resistant steel staircase, complete with a sturdy handrail’ to make the Hillary Step bottleneck on Mt Everest less dangerous.

Nepal Himalaya Spring 2026

Samsung Nepal has opened pre-orders for the Galaxy A57 5G and A37 5G. Both phones run Samsung’s One UI 8.5, featuring AI capabilities like voice transcription, Circle to Search, and photo editing. They feature a 50MP triple-camera system, a Super AMOLED display, and six years of OS and security updates.

Galaxy A series

The war in West Asia has exposed the fragility of the economic architecture Nepal has built on over two generations. If the conflict continues, growth across developing Asia will slow and prices will rise. For Nepal, this will be felt through higher living costs, weaker economic activity, and growing uncertainty for the millions of families who depend on remittances.&nbsp; Nepal now needs to structurally transform from exporting labour to investing in domestic job creation. &nbsp; The country's current path toward a knowledge economy has a blind spot. A <a href="https://iids.org.np/wp-content/uploads/2025/02/unleashing.pdf" target="_blank">report</a> by the Institute for Integrated Development Studies (IIDS) in Kathmandu shows that IT export companies alone generated 7,228 jobs and income for 66,509 freelancers.&nbsp; We are building digital labour export, not an economy that accumulates institutional knowledge. The Nepali Upwork developer and a migrant construction worker in the Gulf are engaged in the same economic activity, but with different tools. Nepal’s reliance on a <a href="https://data.worldbank.org/indicator/BX.TRF.PWKR.DT.GD.ZS?locations=NP" target="_blank">remittance-driven economy,</a> means the country has failed to create enough <a href="https://www.worldbank.org/en/country/nepal/publication/unlocking-nepal-s-growth-potential" target="_blank">quality jobs</a> at home. For millions of young people, leaving the country is not a choice but a necessity to survive and support families back home. <a href="https://www.worldbank.org/en/country/nepal/publication/unlocking-nepal-s-growth-potential" target="_blank">Remittances</a> have no doubt helped reduce poverty. Thirty years ago, 55% of Nepal’s population lived on less than $2.15 a day, now it is 20% after the absolute poverty line was revised upwards. This progress has come at a cost — &nbsp;an economy that depends more on exporting workers than creating opportunities at home. This development reflects a deeper political failure to create meaningful jobs within the country. Since the democratic transition in 1991, Nepal’s leadership has largely recycled the same faces, with limited progress on job creation or industrial growth.&nbsp; Nepal cannot build a <a href="https://nipore.org/accelerating-nepals-startups/" target="_blank">knowledge economy</a> while its most ambitious people are outbound to Doha and Tokyo. We are also not just losing ‘labour’. We are losing the entrepreneurial risk tolerance of our youth.&nbsp; If the most ambitious 25-year-olds are abroad, who is left to support innovation and entrepreneurship? The same people who are working tirelessly abroad, are our biggest asset for development. Their work ethic and the know-how inurban renewal could well fit into the new RSP government’s mandate of 7% annual growth.&nbsp; The <a href="https://english.biznessnews.com/posts/-nepal%E2%80%99s-it-exports-cross-1-billion-" target="_blank">$1B milestone</a> of IT exports is a celebratory moment for Nepal. However, that cannot lead to a pathway to a $100 billion economy without innovation ecosystems that go beyond individual labour export. Companies like SecurityPal and industry associations such as NASIT have made significant efforts in building such an environment, recently championed by private sector leaders as a &nbsp;<a href="https://www.securitypalhq.com/blog/silicon-peaks" target="_blank">Silicon Peaks</a> model that emphasises a home growth tech cluster. The need to accelerate this transition is even more urgent with the escalating conflict in West Asia. &nbsp;The recent International Labour Organisation (ILO) <a href="https://www.ilo.org/sites/default/files/2026-03/Nepal%20LDC%20Graduation%20Employment%20Impacts%20Report.pdf" target="_blank">report</a> shows that LDC graduation is expected to adversely impact manufacturing with losses of $1 billion by 2030.&nbsp; If manufacturing takes such a large hit from losing trade preferences, then Nepal’s services and IT sectors need to structurally transform and shift from exporting individual talent to building firms. &nbsp; A generation’s frustration has finally forced a shift in Nepal’s political structure, handing the new government a clear mandate to fix failures. But the question still persists: what prevents Nepal from achieving sustained, productivity-driven growth? &nbsp;&nbsp; RSP is in the right place at the right time to put Nepal's economy on a firm footing. At the heart of Nepal’s economic underperformance lies a major development binding constraint: low returns to investment on projects.&nbsp; The government invests like a high-growth economy, with gross capital formation at around <a href="https://data.worldbank.org/indicator/NE.GDI.FTOT.ZS?locations=NP" target="_blank">25–30 percent of GDP</a>. Yet economic growth remains modest. The problem is not how much the country invests, but how little it gets in return. One way to see this is by looking at how much investment is required to generate growth.&nbsp; Nepal needs large amounts of capital to produce relatively small gains in output (graph, below). For instance, in 2024, the ICOR was 8.29, this suggests that Nepal had to invest more than 8 units of capital to produce a one unit of additional economic output.&nbsp;  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260406040412_605dc527641d2ff2dc5723ed8bbec946898331d5538a55b9941e32a0725bf811.jpg" data-media-id="editor_9" data-image-id="20260406040412_605dc527641d2ff2dc5723ed8bbec946898331d5538a55b9941e32a0725bf811" data-rendition-name="original" width="1827" height="925" loading="lazy" alt="Economy graph"> <figcaption>Source: Author's calculation based on a Growth Diagnostic simulation</figcaption> </figure>  This reflects a deeper issue in how investment is allocated and executed. Capital is often locked in low-productivity sectors or diluted by delays, inefficiencies, and policy uncertainty.&nbsp; As a result, even high levels of investment fail to translate into sustained growth. Until investment shifts toward productive, firm-building activities, higher spending alone will not deliver results. &nbsp; To reverse this, the government must focus on raising the returns to investment by enabling firms to grow and compete. This requires a shift from managing scarcity to creating an environment where capital can generate consistent and predictable returns. A central priority should be given to attracting and retaining both domestic and foreign private investment. Investors do not just respond to direct incentives, but also to policy stability in the country. Nepal’s economy cannot sustain high growth if its human capital continues to leave the country.&nbsp; The goal should not simply be to create jobs, but to build companies that scale, innovate, and compete beyond Nepal. This requires supporting sectors with strong productivity potential and ensuring that firms can expand without being constrained by infrastructure gaps or regulatory friction. Finally, the state must improve the quality of its own investment. Public spending should focus on lowering the cost of doing business through reliable electricity, efficient logistics, and digital infrastructure.&nbsp; The GenZ movement took two days to bring change. The economic transformation of Nepal might take a generation. The RSP can accelerate this transition, but only if it focuses on building a better investment climate for business and not just feeding the global labour pool. Kailash Raj Pandey is an MPA/ID and MBA candidate at Harvard Kennedy School and MIT Sloan School of Management and a fellow at MIT Kuo Sharper Center for Innovation and Prosperity.&nbsp; Siddhartha Raymajhí is a policy researcher based in Kathmandu.

yongey-mingyur-rinpoche

On nature and human nature

Nepal Himalaya Spring 2026

Galaxy A series

Creating a firm future for Nepal

Know your Ministers