Showing posts with label अंग्रेजी समाचार. Show all posts
Showing posts with label अंग्रेजी समाचार. Show all posts

Sunday, October 14, 2018

5 Things To Do In Dashain

1) Learn to cook mutton meat. The Nepali way 

2) Drink Responsibly. Or learn to make a bomb shot.

3) Go Trekking. Visit manang.

4) Connect with old friends. go pub crawling in thamel.

5) Go for a drive in kathmandu. traffic? no worries.

 

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Saturday, October 13, 2018

Kavre Court seeks specialized investigator for Peter Dalglish’s case

KATHMANDU — A government lawyer from Kavre Court has informed Kathmandu Tribune that the court is seeking a specialized person to look into the pending matters of the alleged pedophile, Peter Dalglish.

The lawyer also said that he isn’t sure when the court will give its final decision. Mr. Dalglish has been languishing at the Kavre jail for more than six months now.

While visiting the victims’ families in Kartike, Nagarkot they refused to talk with Kathmandu Tribune and said they had nothing to do with the case. One of the families told that they feared their lives and the air in the local area didn’t seem right for them. Both the fathers of the two boys also refused to meet and a source informed Kathmandu Tribune that they were being coerced and threatened by external sources to keep mum.

The case remains a puzzle for the time being. While the CIB Nepal initially informed that the Royal Candian Mount Police (RCMP, Canada) had informed them, a sourced told that a person visiting a school where Dalglish taught had tipped them off.

Another source also informed that Peter’s lawyer had hired a private investigator from the King International Advisory Group (http://www.kinginternationalgroup.com/). The source also added that the investigator was already in Nepal and trying to assess the situation and help Dalglish in any possible manner.

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Friday, October 12, 2018

Three Arrested in Nepal for Duping Citizens by Promising Jobs in Russian Farm

Investigations have confirmed that MEDINA farm, which the accused Raju Tamang claimed as his own, is indeed owned by a Russian citizen. Tamang’s accomplices would lure Nepali citizens into depositing a huge amount as a fee for getting a job at MEDINA that would fetch them around $1,000 per month.

Police in Nepal has arrested three persons for duping at least 45 people of thousands of dollars by promising to get them jobs in Russia. Preliminary investigations have revealed that Raju Tamang (39 years), Gyan Govinda Baidhya (72 years) and Jagat Bahadur Shrestha (44 years) lured semi-literate persons from the villages of Sindhupalchowk, Chitwan, Jhapa, and Parsa into believing that they would be employed as farm laborers in Russia and would earn around $1,000 per month.

Raju Tamang, who has been living in Russia over the past two years, occasionally visited Nepal and along with his accomplices, used to collect applications from unsuspecting Nepali citizens by promising them jobs in Russia’s “MEDINA” organic farm. Tamang claimed that the farm was owned by him and that he was scouting for helpers, according to a press statement issued by the Central Investigation Bureau (CIB) of the Nepal Police.
READ MORE: ‘Sh*thole Foods’ & ‘Scams Club’: Internet Goes Wild With #TrumpGroceryStores

“The bureau has come to know that the trio offered jobs to help Nepalese citizens by claiming that they would be employed in a farm in Russia by depositing around $12000 per person. They had already collected at least $1500 per person as advance money. They had also collected their passports and conducted fake medical screening of aspirants,” the CIB statement reads.

The racket was busted after the CIB team continuously monitored the activities of the trio and confirmed from at least 50 persons that they had indeed deposited money and their passports with the accused.
During a raid at different locations in Kathmandu, police recovered 74 passports, cash, ATM cards, cash vouchers, etc., which the trio had accumulated over a period of time.

The CIB has launched further investigations into the matter after acquiring the go-ahead from the Kathmandu district court.

SPUTNIK NEWS

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Friday, October 5, 2018

India, Nepal Mull Cross Border LPG, LNG Pipeline

India’s petroleum minister Dharmendra Pradhan was in the Nepalese capital Kathmandu for the review of the bilateral energy cooperation agreement. During the meeting between Pradhan and Nepal’s Commerce Minister Matrika P. Yadav, it was agreed by the two sides to explore possibilities of collaboration in laying LPG, LNG pipelines in the near future.

Following the successful collaboration on the 69-km-long Motihari (India) — Amlekhgunj (Nepal) oil pipeline, India and Nepal have agreed to explore the possibility of laying pipelines for LPG and LNG to fuel fertilizer plants and industries in Nepal.

The Indian Oil Corporation and Nepal Oil Corporation will work together on these projects, India’s Petroleum Minister Dharmendra Pradhan told the media after visiting Kathmandu, Nepal’s capital.
Meanwhile, the Motihari-Amlekhgunj oil pipeline project is expected to become operational in 2019.

 

“India and Nepal are now working together to build the 69-km oil pipeline from Motihari in India to Amlekhgunj in Nepal. We believe that the construction of the pipeline will be finished within one year,” Dharmendra Pradhan added.

Nepalese former Maoist combatant parade. (File)
© AFP 2018 / PRAKASH MATHEMA
So far, a 17 kilometer stretch of the 69-km Motihari-Amlekhgunj oil pipeline has been completed according to an agreement that was signed by the two countries in 2015. It has the capacity to supply two million tons of petroleum products annually. Nepal is seeking an extension of the pipeline up to Chitwan in the southwestern part of the country.

During his meeting with Nepal’s Minister for Industry, Commerce and Supply, Matrika Prasad Yadav in Kathmandu, the Indian petroleum minister reviewed the bilateral energy cooperation.

Pradhan and his Nepalese counterpart also inaugurated the construction of a terminal to receive products through the pipeline from India.

SPUTNIK NEWS

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Canadian pedophile Fenwick MacIntosh sent off to Canada after release

KATHMANDU — Canadian pedophile Fenwick MacIntosh has been released from Nakhu jail in Lalitpur and sent off to Canada.

An official from the Department of Immigration said, “He has already been sent off to Canada.”

MacIntosh was sent to jail in December 2014 after found sexually abusing a 15-year-old Nepali boy.

The official added, “I am not sure if the Canadian government is going to prosecute him”. The report made by CTVNews stated that MacIntosh was released due to health issues but the officials in Nepal haven’t made any comment on that regard.

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Friday, September 28, 2018

Kathmandu joins the global movement “Light up the World in RED to End TB”

KATHMANDU — The Ministry of Health and Population (MoHP) and World Health Organization (WHO) – Nepal lit two important UNESCO heritage landmarks of Nepal – Patan and Kathmandu Durbar Squares – in red, marking the first ever United Nations High-Level

Meeting (UNHLM) on Tuberculosis (TB), held on 26 September in New York. The initiations will set a pathway for an accelerated and coordinated response to save millions of lives and prevent TB – a commitment towards a world free of the disease by 2030.

Heads of State and Government, TB survivors, affected communities, technical partners, researchers, private sector representatives, and other key stakeholders are attending United Nations High-Level Meeting (UNHLM) on Tuberculosis in New York to put TB in the spotlight and this is the first time TB has been addressed in the UN General Assembly.

“Just money isn’t enough to overcome TB. Individual, and political, an effort is needed”, addressed Dr. Surendra Kumar Yadav, Honorable State Minister of Health, MoHP, Nepal, at the ceremony. The UNHLM on TB, with the theme “United to End Tuberculosis: An Urgent Global Response to a Global Epidemic”, is the biggest opportunity to raise the political priority for TB and is the most significant political meeting on TB which will lead to a political declaration endorsed by the heads of state.

“History has shown that TB is a killer. There were no medicines before. Now there are. We can save countless lives”, said Mahendra Shrestha, Chief, Health Coordination Division, MoHP, Nepal. TB is the 9th leading cause of death globally and is now the leading world’s infectious killer with 1.6 million deaths in 2017 alone, with profound economic and social consequences.

The “Light up the world in RED to end TB” ceremony was inaugurated by dignitaries from MOHP and WHO Country Representative to Nepal. During this historical event for a huge global momentum for ending TB in the world, the two important UNESCO heritage landmarks of Nepal has joined the global cities that have participated in the campaign. Every city is invited to join the global movement and light the city in red to bring the world’s attention to the devastating impact of TB.

Dignitaries from MoHP, technical partners, UN agencies, researchers, private sector representatives, and other key stakeholders attended the lighting ceremony to put TB in the spotlight, and strengthen global momentum to end TB.

“The presence of the dignitaries from the MOHP and partners here today to commemorate this historical UNHLM on TB is a testimony of Nepal’s commitment towards a world free of TB”, stated Dr. Jos Vandelaer, WHO Representative said in his welcome remarks. “Together we can end TB.”

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Turkish Airlines Wouldn’t have Skidded Off the runway if Nepal’s TIA runway had Centerline Lightening System

The Office of Dipendra Kandel

Er. Dipendra Kandel

International Report says it all:

Investigation report says “the runway was slippery after two days of rain and there was dense fog at the time, Kathmandu Tower, who clearly couldn’t see anything didn’t comment on the deteriorating weather or mention the fog and mist in the latest forecast.”

“Lack of runway centerline and touchdown zone lighting contributed to the first officer not being able to see the runway environment clearly enough for him to maintain the aircraft on the approach path and the runway centerline”.

There were no runway centerline lights installed, and that the fog covered the runway surface was reported to be so thick that runway markings were not visible. It is not equipped with the runway centerline or touchdown zone lighting.

The presence of runway centerline lighting would have increased the visual cues available to the flight crew, and assisted with the recognition of the developing sideslip and lateral deviation from the centerline. And its absence might have contributed to substantially increasing the crew’s difficulties in positioning the airplane centrally.

Contradictory CAAN Report

It is noteworthy, but condemning, that none of the reports of CAAN has mentioned its fault for not installing the runway center lights.

If my prediction is wrong, can CAAN officials answer one simple query “why taxpayers’ money was not used in the modernizing the runaway putting them on the risk?” We still have expired runway if one refers to the safety recommendations of ICAO i.e. without the lighting center lights.

Is ICAO role without controversy?

Maybe ICAO was given an undue pressure of varying nature, you may guess. However, an institution of such huge public faith and responsibility, lifting the ‘ban’/tag definitely raises serious index finger. It is definitely weird that ICAO removed the tag against Nepal having 60 years old runway with frequent sentinel events and tragedies. We can support this statement by giving the latest Yeti Air 9N-AHW flying from Nepalgunj, which was skidded off the runway during the landing at around 8:30 pm on 1 September 2018.

What is the center lighting system?

The runway centerline lighting system consists of a single light installed at uniform intervals along the runway centerline to provide a continuous lighting reference from threshold to threshold.

The lights start from 75 ft. (25 m) from the landing threshold and extend to within 75 ft. of the end of the runway—the lights themselves are spaced at 50-ft (15 m) intervals.

When viewed from the landing threshold, the runway centerline lights are white until the last 3000 ft. (900 m) of the runway. The white lights begin to alternate with red for the next 2000 ft. (600 m), and for the last 1000 ft. (300 m) of the runway, all centerline lights are red.

If the runway centerline lights are spaced at 25-ft (7.5 m) intervals, alternate pairs of red and white lights should be used on the section from 3000 to 1000 ft. (900–300 m) from the runway end.

Where the runway is less than a 6000-ft (1800 m) length, the alternate red and white extending from the midpoint of the runway usable for landing to 1000 ft. (300 m) the runway end.

Finally, the issue

Public Sector Innovator, Dipendra Kandel, has questioned sightedness and anticipation capacity of the officials of CAAN. “Can’t we make the runaway without having a severe accident? Or is CAAN unable to build a runway until its internal report says the tragedy happened due to lack of the latest innovative runway?”

Dipendra Kandel is currently working to empower the whole civil aviation of Nepal. He is also working with other nations on various Public Sector Innovation work. Some believe the incident happened to Mr. Kandel on the Oman Air, when he was flying with family from Muscat To Kathmandu on 8th August 2018, has turned the situation and is a welcome move for the empowerment of Civil Aviation of Nepal.

Currently, Mr. Kandel is in Delhi trying to finalize how he can help national agencies to upgrade the runway of Tribhuvan International Airport to latest international standard, i.e. Runway with Lightning Centerline and that too before further critical events occur.

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Mid-Autumn Festival celebrated in Nepal

KATHMANDU — Minister for Industry, Commerce and Supply Matrika Prasad Yadav said on Tuesday that the government was committed to giving equal opportunity to the investors from around the world including from China.

Calling investors from China and other countries to invest in Nepal, Minister Yadav said that Nepal’s investment climate in Nepal has been far better than most other countries.

Speaking at a function organized by Xinhua News Agency, Kathmandu Bureau on the occasion of  Chinese Mid-Autumn Festival also known as Moon Festival, the Minister said that the government was ready to do whatever necessary to improve the investment climate in Nepal.

Answering to those who criticize 10-year long conflict behind economic backwardness of Nepal, he said that economic progress of the countries like Sri Lanka didn’t stop due to conflict and it should not because of Nepal too.

“In fact, Nepal has a culture of doing trading instead of entrepreneurship,” he said emphasizing that such culture should be reversed. “We should give priority to industries and increasing domestic production instead of trading,” he added.

Responding to complaints about the bad condition of Rasuwagadhi trade route bordering China, he said that the government has been working on improving it.

Rajesh Kaji Shrestha, president of Nepal-China Chambers of Commerce and Industry said that Nepal is yet to bring large-scale Chinese investment in Nepal.

“Despite much talk about growing Chinese investment in Nepal, a large investment is not coming from China yet,” he said.

He said that now, Nepal has the stable government which is supportive to invest in Nepal and the country should be able to attract large-scale investment now.

Speaking on the occasion, June Zhu, site manager (Asia Pacific Division) of China CAMC Engineering Co. Ltd, which is involved in building Pokhara International Airport, said that Chinese companies in Nepal are alleviating power shortage, improving the infrastructure and promoting the progress of Nepal’s communication facilities. “Each step is to improve Nepal step by step,” he said.

Speaking on the behalf of Chinese entrepreneurs working in Nepal, he said that Chinese companies in Nepal have also been involved in various charity works.

On the occasion, Nepali and Chinese business community inquired about various issues faced by them while doing business in Nepal.  Mid-Autumn festival is considered as second largest festival after Chinese new year.

Some statistics about Nepal China economic relations

Chinese FDI commitments to Nepal

Country FY 2015-16 FY 2016-17 FY 2017-18

CHINA (MAINLAND) Rs6,211.8m Rs6,326.75m Rs46,506.94m

CHINA (HONG KONG) Rs56.44m Rs2,000.00m Rs629.02m

CHINA (TAIWAN) Rs85m Rs110m Rs20m

All Countries total Rs15,139.63m Rs15,206.46m Rs55,650.77m

Source: Department of Industry

Nepal China Trade

Export Rs1681.5m Rs1701.5m Rs2437.8m

Import Rs115694.3m Rs127245.0m Rs 159636.3m

Total trade Rs 117375.8m Rs128946.5m Rs162074.1m

Source: Nepal Rastra Bank

Tourist arrivals from China

The calendar Year Number

2015 64675

2016 104005

2017 104664

2018 ( First Half) 71,379 (mainland) +4366 ( Chinese Taipei)

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PM Modi to visit Nepal again in November

KATHMANDU (ANI) — After visiting Nepal in August for the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) summit, Prime Minister Narendra Modi will be visiting the Himalayan nation once again, this time in November.

“Indian Prime Minister Narendra Modi will be coming to Nepal again in the end week of the November. The probable date for his visit which will be a state visit, in fact, is expected to take place on November 28 and 29. There might be some changes over the date regarding a day before or after,” a high-level official from the Indian Embassy in Kathmandu told ANI.
This will be Prime Minister Modi’s fourth visit to Nepal after he came to power in 2014.
“During his visit, Prime Minister Modi will also be visiting Lumbini, the birthplace of Lord Gautam Buddha. High-level meetings and engagements will be continued as done before,” the official added.

During his second state visit, Prime Minister Modi was scheduled to visit Janakpur, Muktinath, and Lumbini but it was put off citing various security reasons.

However, during his third visit to the country, the Prime Minister had visited the pilgrimage sites. (ANI)

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Indian Mujahideen ringleader shot dead in Nepal

Kathmandu/Sunsari (ANI) — Principal of a private school in Nepal’s Sunsari district, who was murdered on September 20, has been identified as the ringleader of terror outfit Indian Mujahideen, confirmed the sources in the Nepali Police.

Khurshid Alam, who was working as the Principal of Raiyan National School, was shot dead by unknown bike-borne assailants.

Alam was shot in his head, abdomen, and legs. The attackers fled the site, which is seven kilometer from the Indian territory. Alam died on the spot.

“He is publicly identified as Khurshid Alam. He was on the radar of Indian Intelligence as he was suspected to be involved in the 1993 Mumbai attack. The Indian government, about two decades ago, requested the Nepal government to hand over him to them which could not happen as Nepal denied,” a high-level police source confirmed to ANI.

New Delhi urged Kathmandu to hand him over when Bamdev Gautam of the then Communist Party of Nepal-Unified Marxist Leninist (CPN-UML) was the Home Minister.
“Bamdev Gautam also rejected the proposal of the Indian government to hand him over, and now he is killed,” the source added. Alam had taken the membership of the CPN-UML during the political upheaval in Nepal.

The Indian government, at that time, in co-operation with the Intelligence Bureau, also gave the location details and other relevant information to the Nepal government, informing that Alam was involved in terrorist activities.

Alam, who was also a cleric, had also sheltered four other suspects of Mumbai terror attack and helped them to fly over to the Middle East countries by arranging passports for them. (ANI)

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Four Nepal Government Websites Hacked with Critical Information dumped by malicious actors

Nepal Public Service Commission and three other government websites of Nepal have been compromised. The PSC website is hosted by Ministry of Communication and Information Technology, Government of Nepal at IP address 202.45.144.31

The malicious actors have dumped thousands of critical information in the PSC website exploiting a loophole in the file upload functionality of FCKeditor known as FCKeditor arbitrary file upload vulnerability.

FCKeditor contains functionality to handle file uploads and file management. By this vulnerability, the remote attacker could gain unauthorized access to upload malicious executable files on the system leading to privilege escalation RCE and other attacks.

The PSC website contains several critical information dumped by hackers of several countries indicated by text file footprints in the compromised directory.
Link: http://www.psc.gov.np/assets/uploads/fck_upload/

Critical information which has been compromised includes:

1) Text file containing thousands of leaked personal email addresses and passwords (Screenshot enclosed)

Link: http://www.psc.gov.np/assets/uploads/fck_upload/5000000%20Gmail.txt

2) Text file containing Zero-Day exploit containing thousands of leaked Nepal Doorsanchar Company Ltd. ADSL user SSIDs and Passwords. (Screenshot enclosed)

Link:

http://www.psc.gov.np/assets/uploads/fck_upload/nepal_adsl_user_ssid_and_password_leak.txt

Preliminary investigation has revealed a group of hacker handles associated with the data breach with each handle responsible for defacing websites of several countries.

The other three government websites of Nepal which have been breached are:

2) iirc.gov.np (screenshot enclosed)

3) dadodhankuta.gov.np (screenshot enclosed)

4) crid.gov.np (screenshot enclosed)

This incident/data breach has also been communicated to Nepal Information Security Response Team and Ministry of Communication and Information Technology, Government of Nepal.

ESET security researcher Lukas Stefanko reported the incident exclusively to Kathmandu Tribune.

Four Nepal Government Websites Hacked

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Pradhan to review progress of Nepal petro pipeline

KATHMANDU (ANI) — Union Petroleum Dharmendra Pradhan will be visiting Nepal in the last week of September, an official of the Indian Embassy informed ANI.

“Indian Minister for Petroleum and Natural Gas Dharmendra Pradhan will be visiting Nepal in the last week of this month (September) to observe the progress made over the Raxaul-Amlekhganj petroleum pipeline,” a high-level official inside from the Indian Embassy in Kathmandu said on the condition of anonymity.

The Raxaul-Amlekhganj pipeline is currently under construction as a joint investment project between India and Nepal with an investment of Rs 3.2 billion by the Indian Government and Rs 1.2 billion by the Nepal Government.
The Nepal and Indian governments had signed the agreement for the construction of the pipeline on August 24, 2015, in Kathmandu, during Pradhan’s earlier visit.

“As of now, he (Pradhan) is scheduled to come to Nepal on September 28 evening, after which he will be meeting Nepal Prime Minister KP Oli, cabinet ministers and other political figures in the capital. The following morning on September 29, he will be visiting the Amlekhganj as well as Janakpur and assess the progress being made over there,” the source added.

The pipeline spans across over 69 kilometers, covering 32.7 kilometers of the Indian territory and 36.2 kilometers of the Nepal territory. The pipe being laid has the capacity of supplying 200,000 liters of fuel on an hourly basis, with a fuel pumping facility in Motihari. (ANI)

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Nepal govt bans porn sites

KATHMANDU — In the wake of increasing rape cases in Nepal, the government has sent out a press release stating porn sites and pornographic materials are now banned in Nepal.

Mahendra Gurung, the Secretary at Ministry of Communication and Information Technology told Kathmandu Tribune that the process is already underway to ban porn sites in Nepal. He added, “It has been already started to be implemented, and we are aware VPN and other ways of bypassing, many other challenges, we will be working on to ban everything as we go”.

Feminists have lauded this move as a landmark moment for Nepali women.

Nepal govt bans porn sites

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Friday, September 21, 2018

Nepal observes third Constitution Day as national festival

KATHMANDU (Xinhua) — Nepal, on Wednesday, observed the third Constitution Day also known as the National Day, marking the anniversary of the promulgation of the landmark constitution.

Three years have been passed since the Himalayan nation promulgated its new constitution through the historic Constituent Assembly on Sept. 20, 2015. Constitution Day is being celebrated on Wednesday as per the Nepali calendar across the country.

On the occasion, President Bidya Devi Bhandari and Prime Minister KP Sharma Oli issued a separate statement, and extended best wishes to all the Nepali citizens living inside the country and abroad.

To mark the day, a special function was organized at the Nepal Army pavilion in the heart of the Capital, attended by President Bhandari, Prime Minister Oli, and Speaker of House of Representatives Krishna Bahadur Mahara, high-ranking government officials, security chiefs, and diplomats among others.

Addressing the ceremony, Prime Minister Oli said that the constitution has guaranteed the fundamental rights and freedom to all citizens without any discrimination.

The event featured a march-past by Nepal Army, Nepal Police, Armed Police Force, Nepal Scout and students along with the cultural procession from the local groups.

The new national charter named Nepalko Sambidhan 2072 was unveiled by the then President Dr. Ram Baran Yadav in 2015.

It was the first full-fledged constitution drafted by the people’s representatives after the South Asian country became a federal democratic republic in 2008 following the overthrow of the 240-year Monarchy.

Nepal government has announced a public holiday on Wednesday to mark the special day.

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Nepal witnesses increase in tourist arrivals

A healthy growth of 18.8% has been observed in the international visitor arrivals to Nepal in August 2018. The forward momentum continues in the month of August 2018, with 87,679internationalvisitors. With this, the arrival figures in January–August period reached 680,996; an accumulative increase of 18.2% over the same period in 2017.

While tourist arrivals from India grew by37.3 % this month in comparison to the figures for the same month in 2017 the arrivals from Sri Lanka surged by 74.5%. Similarly, the overall arrivals from SAARC countries registered a sturdy growth of48.3% over the same month last year.

Visitors’ arrival from China has continued to soar with an exponential growth of 63.9% in comparison to the arrivals in the same month last year. Arrivals from Asia (other than SAARC) have also recorded a robust growth of 36.6 %. Likewise, the numbers of visitors from Japan and Malaysia have also increased by 3.7%and 34.9 % respectively.

European markets generated 21.3 % more visitors in August this year. Arrivals from the UK, Germany, and France increased by 21.7%, 31.9%, and 25.7% respectively. However, the arrivals from the Netherlands declined by 30%.

Australia and New Zealand have also witnessed growths of39.8 % and 18.5% in August 2018as compared to the arrival figures of 2017. Similarly,  the numbers of visitors from the USA and Canada have also grown by 15% each in August 2018.

While the neighboring countries remain the most dependable and strongest source markets for Nepal, the continuous trend is also attributed to NTB’stenacious efforts to allure expanding traveling classes in India and China. Better positioning of Nepal’s tourism endowments has enhanced Nepal’s image and resulted in increased interest from the major source markets. Co-operation and partnership between the public and private sector also play a pivotal role which reflects perfectly in this growth.

Amidst the global hike in oil prices and the consequent increase in transport cost travelers trim down their length of stay and consumption of tourism services. Against continuing downward revisions in macroeconomic expectations, a straight eight-month growth in international tourist arrivals paves the way towards the goal of Visit Nepal Year 2020.

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IFC study says Nepal’s most vulnerable investors will benefit from improved safeguards on Local Shares

KATHMANDU — IFC, a member of the World Bank Group, has released the first in-depth analysis of Nepal’s innovative benefit sharing policy that allows communities to invest in hydropower projects through the purchase of ‘local shares’. The report recommends more community education and improved regulation to maximize opportunities for investors while protecting them from undue risk.

The Government of Nepal requires hydropower developers to offer up to 10 percent of their shares to communities affected by the project. With a goal to develop 10,000MW in the next ten years, as much as $439 million in equity could be raised from project-affected communities alone. For example, in the last three years over $10 million was raised through local shares by 13 small to medium hydropower companies.

Local Shares: An In-depth Examination of the Opportunities and Risks for Local Communities Seeking to Invest in Nepal’s Hydropower Projects found that the investment model offers great potential to create local ownership and increase public support for hydropower projects. However, it also found a widespread lack of understanding of how the market mechanism works and a lack of effective safeguards to reduce risk to investors. This is especially true for women and others who are socially, economically and culturally disadvantaged.

Many poor rural households borrow at high interest rates or sell primary assets to invest in local shares. The study found they often have unrealistic expectations of returns and are unclear on the risk of loss. That could explain why, despite a fall in value since their peak in 2014, demand for local shares continues to grow.

“The comprehensive consolidation of this report is very timely and will hopefully enable informed discussions at the policy level to improve and strengthen the local shares mechanism as a viable model of equity participation involving local people,” said Mr. Kulman Ghising, Managing Director of Nepal Electricity Authority.

Among the study’s recommendations are simplifying financial information to be more easily understood by non-experts; defining the local share requirements in project bid documents; creating low-risk mechanisms for vulnerable households to finance their share purchases; computerizing the share allocation process; and improving transparency and accountability by making it mandatory for all projects to put their information online.

“Nepal’s local shares model is unique. It recognizes the importance of communities in private sector hydropower investment,” said Wendy Werner, IFC Country Manager for Bangladesh, Bhutan, and Nepal.  “IFC aims to ensure the private sector contributes to sustainable power development and that this investment opportunity is within reach of every citizen, balancing the potential returns with the project risks.”

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100 killed, 143 injured in natural disasters in recent months in Nepal

KATHMANDU (Xinhua) — One hundred people killed, 143 injured and 1,964 families were affected in different parts of the country due to the monsoon-induced disasters in recent months, Nepali Home Minister Ram Bahadur Thapa said on Thursday.

At a parliament session in the capital, the home minister said that the government conducted rescue and relief operations as well as rehabilitation of affected people by mobilizing local government officials and security agencies following 1,584 monsoon-triggered disasters in the country.

“One hundred people killed, 143 injured and 1964 families were affected due to the monsoon-induced disasters in different parts of the country in recent months,” Thapa said.

In the latest disaster-related incident, four people killed, 10 injured, and three have gone missing due to landslides triggered by rainfalls at Besisahar Municipality and Marshyangdi Municipality of Lamjung district in western Nepal, the minister said.

Floods and landslides wreak havoc in mountainous and Terai regions of Nepal every year with thousands of families getting displaced and huge loss of properties, livestock, and crops.

Monsoon rains begin in June and continue through September.

They are vital for farmers in Nepal but cause loss of life and property damage every year.

Nepal’s Department of Hydrology and Meteorology has been forecasting rainfall, urging all to maintain high alert to cope with disasters, almost every day in recent months.

The department has been sending early warning flood alert messages in the disaster-prone districts.

The post 100 killed, 143 injured in natural disasters in recent months in Nepal appeared first on News, sport and opinion from the Kathmandu Tribune's global edition.

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