Thursday, September 1, 2016

Cabinet appoints Shrestha as NPC vice chair

The government has appointed executive director of central bank Dr Min Bahadur Shrestha as the vice chair of National Planning Commission (NPC).
Shrestha – an executive director of Public Debt Management Department at the central bank – had also served as the Research Department head of the central bank, Nepal Rastra Bank (NRB).
Having received a PhD from the University of Wollongong, Australia, Shrestha has published half a dozen books on finance, monetary economics, financial liberalisation and economic development.
Similarly, the government has appointed Shreeram Poudel as adviser at Finance Ministry. Poudel is also a board member of the central bank. He had also served as adviser of the Finance Ministry earlier during the term of Baburam Bhattarai-led government.

Wednesday, August 31, 2016

Japan to provide grant assistance of Rs 1.83 billion to Nepal

Japan has pledged grant assistance of Rs 1.83 billion to Nepal for the improvement of aviation safety facilities and school sector development programme.
Ambassador of Japan to Nepal Masashi Ogawa and finance secretary Lok Darshan Regmi signed and exchanged two separate sets of notes – one each for aviation safety and school sector development programme – today on behalf of their respective governments to this effect in celebration of the 60th anniversary of the establishment of diplomatic relations between Japan and Nepal.
Deputy Prime Minister and finance minister Krishna Bahadur Mahara and the State Minister for Foreign Affairs of  Japan Nobuo Kishi witnessed the signing ceremony, according to a statement issued by the Kathmandu-based Embassy of Japan.
"Under the first notes, the government of Japan is extending Rs 1.518 to the government of Nepal for the implementation of the Project for Improvement of Aviation Safety Facilities in major airports with the purpose of improving the safety and efficiency of air transport in Nepal,” the statement reads.
The largest assistance so far from Japan in the civil aviation sector will be used to implement the Project which will help improve safety at eight airports across Nepal, 5 short take-off and landing (STOL) airstrips, two regional airports and the only international airport Tribhuvan International Airport (TIA).
The Project will install a Localiser (LOC) with Terminal Distance Measuring Equipment (T-DME) at Tribhuvan International Airport – which provides horizontal guidance to aircraft during the landing approach – and install VHF Omni-directional Range/Distance Measuring Equipment (VOR/DME) at Chadragadhi and Dhangadhi Airports, for the improvement of aviation safety facilities in Nepal.
Likewise, it will install VOR/DME Test Rack at the Navigation Aid Maintenance Section at Sinamangal, Kathmandu; supply and replace equipment to enhance capacity at the Civil Aviation Academy, Sanothimi, and install other necessary equipment like Runway Threshold Identification Lights, Runway Threshold and End Lights, Runway Edge Lights, and Solar Power Supply Systems at Lukla, Jomsom, Jumla, Rara and Simikot Airports, based on the plan/design envisage by this Project, it adds.
"After the completion of the project, it is expected that the number of flights that can land with precision by using the LOC at TIA – the only airport of the country – will be increased; the number of flights that can fly to the designated airports by utilising VOR/DME will be increased, and the runway usability factor for big aircrafts at TIA will be improved,” the statement reads, adding, "As a result of this project, aviation safety will be significantly enhanced at the eight selected airports."
According to Civil Aviation Authority of Nepal (CAAN) director general Sanjiv Gautam said that the three-year project would begin in 2017.
At the same function, Japan International Cooperation Agency (JICA) Nepal chief Jun Sakuma and joint secretary at the Finance Ministry and coordinator of the International Economic Cooperation and Coordination Division Baikuntha Aryal also signed the grant agreements for smooth implementation of the projects.
In March 2013, the JICA had provided Rs 906 million in grant to install two new radars at TIA and Bhatte Danda in Lalitpur to the south of the airport. The installation of second generation Monopulse Secondary Surveillance Radar (MSSR) systems at TIA and Bhatte Danda under a TIA modernisation project, which is expected to make Nepali skies safer, has been completed. The radar is planned to come into operation by November after tests are completed.
The MSSR will replace the existing airport surveillance/secondary surveillance radar system to enhance and strengthen the existing surveillance system installed under the Japanese official development assistance (ODA) extended in 1994.
Likewise, Rs 313 million would be spent for the implementation of the School Sector Development Programme (SSDP), the statement further adds.

Tuesday, August 30, 2016

१८ लाख नेपाली चढ्छन् मोटरसाइकल

हाल नेपालमा १८ लाख ३५ हजार २८ जना मोटरसाइकल चढ्छन्। यातायात व्यवस्था विभागको तथ्यांक अनुसार नेपालमा दर्ता रहेका कुल सवारी साधनमध्ये १८ लाख ३५ हजार २८ त मोटरसाइकल रहेका छन्। पछिल्लो समय विविध कारणले नेपालमा दुईपांग्रे सवारी साधन विशेषतः मोटरसाइकलको माग अत्यधिक बढेको कारण मोटरसाइकलको दर्ता गत आवमा मात्रै २ लाख ६७ हजार ४ सय ३९ पुगेको विभागले जनाएको छ। विभागका अनुसार वाग्मति अञ्चलमा मात्र गत आवमा ६४ हजार ९ सय २७ मोटरसाइकल दर्ता भएको छ।
तर, नेपालमा हालसम्म करिब ७० हजार किलोमिटर सडक निर्माण भएको आर्थिक सर्वेक्षणले देखाएको छ। सरकारले सन् २०३० अर्थात अबको १५ वर्षमा ७ लाख किलोमिटर सडक निर्माण गर्ने दीर्घकालीन लक्ष्य अगाडि सारेको छ भने आगामी ५ वर्षभित्र सडक निर्माण, मर्मतसम्भार र स्तरोन्नतिको लागि ८ खर्ब १६ अर्ब खर्च गर्ने लक्ष्य लिएको छ। तर सरकारी खर्चको प्रवृत्ति हेर्दा र कर्मचारीतन्त्रको ढिलासुस्ती गर्ने परम्परागत बानीले गर्दा अबको ५ वर्षमा सडकको दुरावस्था तथा कमीका कारण यातायातका साधनको व्यवसायमात्र होइन सरकारी राजस्वमा नै असर पर्ने देखिन्छ। नाडाका अध्यक्ष अन्जन श्रेष्ठका अनसार कुल राजस्वको ३० प्रतिशत राजस्व सवारी साधनबाट प्राप्त भए तापनि सरकारको उदासीनताको कारण सडकमा खर्च भने न्यून भएको देखिन्छ।
त्यसैगरी, गत आवमा कुल ३ लाख ४३ हजार ७ सय ६५ वटा सार्वजनिक सवारी साधन दर्ता रहेकोमा २८ हजार ३ सय ६१ वटा कार, जीप तथा भ्यान छन्। विभागका अनुसार गत आवमा करिब ८ हजार ३ सय २८ वटा ट्रक, क्रेन तथा एक्साभेटर जस्ता ठूला सवारी साधन दर्ता भएका छन्। त्यसबाहेक, ४ हजार ३ सय ५३ बस, ४ हजार ६ सय २५ मिनिबस र मिनिट्रक लगायत अन्य सवारी साधन रहेको  विभागको तथ्यांकले देखाउँछ।
यसरी पछिल्लो साढे २ दशकमा नेपालमा सवारी साधनको संख्या ३०६.३३ प्रतिशतले बढे पनि सरकारको अदूरदर्शिताको कारण सवारी साधन गुड्ने सडकको कुल लम्बाइ तथा त्यसको अवस्था भने अत्यन्त दयनीय छ। विभागका अनुसार आर्थिक वर्ष २०४६/०४७ मा देशभर जम्मा ७६ हजार ३ सय ७८ वटा सवारी साधन थिए।
२०४६ सालमा प्रजातन्त्रको पुनर्स्थापनापछि अवलम्बन गरिएको खुला अर्थनीतिसँगै पछिल्लो २७ वर्षमा नेपालीको आम्दानीको स्रोत फराकिलो हुनु, सवारी साधन बिलासी वस्तुको सट्टा आवश्यकताको साधन बन्दै जानु तथा बैक र वित्तीय संस्थाको गाडी कर्जाका कारण पनि सवारी साधनको संख्या उच्च दरले वृद्धि भएको श्रेष्ठ बताउँछन्।
विभागको तथ्यांकका अनुसार पछिल्लो पाँच वर्षमै सवारी साधनको संख्या उल्लेख्य रुपमा अर्थात १७३.४० प्रतिशतले बढेको छ। आर्थिक वर्ष २०६८/०६९ सालमा देशभरका सडकमा जम्मा १३ लाख ४८ हजार ९ सय ९० वटा सवारी साधन गुड्ने गरेेको विभागले जनाएको छ ।
यस्तै, विभागका अनुसार सबैभन्दा धेरै सवारी साधन वाग्मति अञ्चलमा दर्ता भएको छ भने सबै भन्दा कम कर्णाली अञ्चलमा दर्ता भएका छन्। वाग्मति अञ्चलमा हालसम्म ८ लाख २८ हजार १ सय ७९ वटा सवारी साधन दर्ता भएका छन् भने कर्णाली अञ्चलमा जम्मा १११ वट मात्रै सवारी साधन दर्ता भएको देखिन्छ।
यस्तै, आर्थिक वर्ष २०७२/०७३ मा मात्रै ३ लाख ४३ हजार ७ सय ६५ वटा नयाँ सवारी साधन दर्ता भएका छन्। जसमध्ये काठमाडौं उपत्यकामा मात्र ७० हजार नयाँ सवारी साधनको दर्ता भएको छ तर उपत्यकामा नयाँ सडक भने १ किलोमिटर पनि बनेको छैन। केही सडक विस्तारको क्रममा रहे पनि कुनै पनि नयाँ सडक नबनेकोले आगामी ५ वर्षमा काठमाडौं उपत्यकाका सडक गाडीले भरिने देखिन्छ। यसको लागि सरकारले आफ्नै योजना अनुसार छिटोभन्दा छिटो सडक निर्माण, मर्मतसम्भार तथा स्तरोन्नति गर्नु आवश्यक छ। श्रेष्ठका अनुसार सरकारले सडक मर्मतका लागि भनेर सवारी साधनबाट लिने शुल्कमात्रै सदुपयोग गरे पनि सडकको अवस्था अहिलेभन्दा सुधार्न सकिन्छ।

Government bans Indian couple for faking Mt Everest summit

The government has imposed a 10-year ban on an Indian police couple for morphing the photographs to obtain their Mt Everest summit certificates.
The couple would not be allowed to enter Nepal for 10 years and will be banned from mountaineering expeditions, according to a ministerial-level decision taken by the Ministry of Culture, Tourism and Civil Aviation today.
"Likewise, the government has also rescinded the certificates they gained," reads a statement issued by the ministry.
The ministry was in dilemma since there was no minister at the Ministry for Culture, Tourism and Civil Aviation due to political transition. However, the newly-appointed Tourism Ministry Jeevan Bahadur Shahi endorsed the legal action against the couple as per a recommendation made by the Department of Tourism. The department has the right to issue summit certificate and rescind it.
The Indian police couple Dinesh Chandrakant Rathod and his wife Tarkeshwari Chandrakant Bhelerao from Pune had made a false claim of having reached the 8,850-m summit of Mt Everest on May 23. They had submitted morphed photographs while applying for the summit certificates. But their fellow Indian mountaineers disputed their claims and accused them of crudely manipulating photographs to support their claim to have reached the top of Mt Everest.
Eight other mountaineers had lodged a complaint against the couple saying that Dinesh Rathod and his wife Tarakeshwari never made it to the summit and had 'morphed' photographs of themselves at the top, which the couple denied. But after the investigation, it was found that the climber couple had altered the photographs to support their summit claim and get certificate.
The others mountaineers had said that the couple, who had arrived at Mt Everest base camp very late in the climbing season to have a chance of reaching the top, had morphed the photographs. They also pointed to apparent contradictions in the photographs published online by Dinesh.
After 2 consecutive years of disasters on the mountain, a total of 454 mountaineers scaled the highest peak of the world this year during the March-May climbing season.
Last year 19 climbers were killed and 61 injured by an avalanche at the base camp triggered by a devastating earthquake, whereas in 2014, an avalanche at the Khumbu Icefall killed 16 Sherpa guides cancelling the entire climbing activities.

Nepal among top performers in national water security: ADB

Nepal, with a score of 37.3 points, is one of the top performers in the national water security index, according to a report prepared by the Asian Development Bank (ADB).
The new edition of the Asian Water Development Outlook (AWDO) 2016 released on the sidelines of World Water Week in Stockholm today also revealed that water security in Asia and Pacific has progressed overall in the past five years, but major challenges, including overexploited groundwater, demand from rising populations, and climate variability, remain.
In terms of water security (2013-16), Nepal has a score of 28 points compared to South Asian average of 33.7 points.
Bangladesh, India, Nepal, and Pakistan use about 23 million pumps with an annual energy bill of $3.78 billion for lifting water, the report states. Likewise, Bangladesh, India, Nepal, and Pakistan annually pump a total of about 210- 250 cubic kilometers of groundwater using about 21 million-23 million pumps, it adds.
The report also states that some 23 per cent of Nepalis have access to piped water, whereas Nepal has least resilience to water-related disasters. "Among the five categories – Hazardous, Engaged, Capable, Effective, and Model – Nepal falls in the second category."
The report provides a snapshot of water security status of 48 of the region's countries, using latest data sets. According to these, the number of countries assessed as water insecure has dropped to 29, compared to 38 (out of 49 countries) identified in the previous report of 2013.
"Asia and Pacific remains the world's most vulnerable region to water insecurity and cannot sustain its recent economic growth without addressing this issue," said ADB vice president for Knowledge Management and Sustainable Development Bambang Susantono, who led the launch in Stockholm. "Meeting the region's socioeconomic challenges and achieving Sustainable Development Goal 6 on water will require bridging the gap in provision of water services between rich and poor in urban areas, and between rural and urban areas," he added.
According to the report, some 1.7 billion people in the Asia Pacific lack access to basic sanitation. Recent estimates suggest that by 2050, some 3.4 billion people could be living in water-stressed areas in Asia and the Pacific while water demand will increase by 55 per cent.
Asian Water Development Outlook 2016 assesses water security in 5 key dimensions; household access, economic viability, urban services, restoring rivers and ecosystems, and resilience to water-related disasters. Advanced economies like Australia, Japan and New Zealand consistently lead the way, followed by countries in East Asia-led by the People's Republic of China, which has taken the biggest stride to improve water security since the previous study of 2013.
On household access to piped potable water and improved sanitation, the water security score in Asia and the Pacific, on a 20-point scale, ranges from 4.5 for South Asia to 20.0 for the advanced economies. All parts of the region improved their performance by about 2 points since 2013, except for the Pacific islands. But although the rural-urban gap has been reduced in some countries like Armenia and Thailand, the report says major disparities remain between rural and urban areas and between rich and poor on services and infrastructure for piped water supply and sanitation. South Asian countries particularly need to make considerable efforts to improve their performance in this dimension, the report states.
The second key dimension, economic water security, provides an assessment of the productive use of water to sustain economic growth in food production, industry and energy. Most of the change since 2013 has been positive with advanced countries again showing the highest scores and Pacific islands lagging, the report states. But there remains room for improvement across the region. Countries that merit strengthening current conditions are concentrated in Central Asia.
Likewise, in urban water security, East Asia has shown positive progress while South and Southeast Asia still have some way to go. Nearly half of the economies have piped water supply levels higher than 85 per cent but less than 50 per cent of the urban population has access to improved sanitation. In many areas, the majority of wastewater is discharged to the environment having received little to no treatment. The report further says significant investment and leadership is needed to reliably meet the water needs of cities.
The fourth key dimension describes how well a country is able to manage its river basins and sustain ecosystem services. It shows a wide range of results, with the Pacific islands scoring highly due to good river health and advanced economies doing well due to strong governance. Declining river health is most evident in Bangladesh, the lower Yangtze River Basin of the PRC, Nepal, and Mekong Delta in Vietnam, the report states.
For the fifth key dimension, resilience to water-related disasters, advanced economies show the strongest performance while much of the rest of Asia and the Pacific has been weak. "Between 1995 and 2015, there were some 2,495 water-related disasters striking Asia, killing 332,000 people and affecting a further 3.7 billion. South Asia showed the lowest resilience score, but several other countries showed strong improvement since 201”," the report adds.
The report concludes that the relationship between water security and the economy can be a virtuous or a vicious-circle. "There is a strong relationship between water management and the economy, and investments in good water management can be considered as a longer term payback for increased growth and poverty reduction," the report reads, "Water-related investments can increase economic productivity and growth, while economic growth provides the resources to invest in institutions and capital-intensive water infrastructure."

Sunday, August 28, 2016

China pledges five times more FDI in Nepal than India

China has surpassed India in terms of committing foreign direct investment (FDI) in Nepal in recent years.
According to the latest statistics from the central bank, China has outdone India in terms of committing FDI as well as in terms of projects in Nepal.
The latest data put India on the fourth position in terms of the number of development projects pledged in Nepal and on the second position after China in terms of FDI amount pledged.
Likewise, South Korea ranks second after China, the United States of America third, India fourth and Japan fifth in terms of the number of projects they have pledged to carry out in the country.
According to the statistics of the Nepal Rastra Bank (NRB), China has pledged Rs 6.21 billion for 125 projects in the last fiscal year 2015-16 whereas India has pledged Rs 1.94 billon for 23 projects.
Likewise, the Nepal government has authorised South Korea in 55 projects, the USA for 40, Japan 18, the United Kingdom 11 and other countries 69 projects, taking the number of total projects to 341, according to the central bank report.
The report has also stated that as many as 11, 426 people will get employment directly from the authorised projects.
While the FDI pledges slumped by 77.5 per cent in the last fiscal year, the number of projects decreased by 7.3 per cent, compared to a fiscal year ago in 2014-15.
In the last fiscal year 2015-16, the Department of Industry authorised 341 foreign-funded development projects worth Rs 15.14 billion while it had authorised 368 projects worth Rs 67.42 billion in the fiscal year 2014-15.
Similarly, the foreign investors have repatriated almost Rs 1 billion less to Rs 6.25 billion in bonus in the last fiscal year 2015-16 compared to Rs 7.21 billion a fiscal year ago in 2014-15, the central bank data revealed.
The foreign companies’ profit slumped after their financial transactions were hit by the earthquake and the Indian blockade against Nepal in the last fiscal year.
The NRB approves – on the recommendation of Industry Ministry – the foreign companies repatriate bonus from their profit based on financial details and other liabilities.
In the last fiscal year 2015-16, the foreign companies related to hydro projects repatriated Rs 3.15 billion in bonus to their countries. Foreign companies have invested in the hydro projects including Khimti, Bhotekoshi in Nepal.
Likewise, companies that have invested in the communication sector have taken Rs 1.69 billion as bonus. Foreigners have invested in Nepal’s telecommunication sector including Ncell, UTL, and Smart Telecom.
According to the central bank, the companies which have invested in the industrial sector have also repatriated bonuses worth Rs 1.38 billion so far. Foreign companies including Dabur Nepal, Unilever, Arati Strips, Surya Nepal have invested in Nepal’s industrial sector.
Foreigners are allowed to repatriate the bonus in line with the Company Act and the Foreign Investment and Technology Transfer Act, 1992 with approval from the central bank.

Saturday, August 27, 2016

China Southern to operate daily direct flights from September 1

China Southern Airlines is operating daily direct flights between Guangzhou (China) and Kathmandu (Nepal) from Thursday.
Organising a special programme in Kathmandu on Friday, officials of China Southern Airlines announced that the airline is going to operate daily flight between Guangzhou and Kathmandu from September 1.
"We will fly to Kathmandu two times a day from October," deputy sales manager at China Southern Airlines office in Nepal, Dhiraj Shrestha, said on the occasion.
Almost all the foreign carriers, including China Southern Airlines, were forced to suspend their flights to Nepal after last year's devastating earthquake and also aviation fuel shortage due to five-month blockade by India.
However, the Chinese airliner is now planning to increase the flight frequency considering the growing number of Chinese tourists in Nepal also due to the festival season, he said. "We are extending the number of flights because of increment in passenger frequency and major festivals," added Shrestha.
The airline is currently operating three flights a week from Guangzhou to Kathmandu with Airbus A319 aircraft. Four Chinese airlines are operating flights to Kathmandu at present.
China is also the second largest tourist source market for Nepal. Since the Chinese carrier is planning to double the flight frequency, an increased flight is expected to contribute to raise the number of Chinese tourists which decreased by 28 per cent in the first six months of 2016, according to the Department of Immigration.
Country-wise, arrivals from India increased by 37.62 per cent to 54,224 in the first six months of this year.  However, arrivals from China decreased by 28 per cent to 33,991, though Nepal has also started issuing on-arrival free visa for Chinese tourists to boost arrivals from the northern neighbour since January.
During the programme, China Southern Airlines also awarded best travel agents based in Kathmandu.
According to the company that has served over 110 million passengers worldwide till 2015, it has 90 travel agents within Nepal.
Nepal received 313,512 tourists in the first half of 2016, against 277,992 in the same period a year ago. Despite the rise, the arrivals are still low as compared to previous years.
In 2014, the country had received 412,461 tourists in the first six months, according to the department, the tourist arrivals to Nepal fell to a six-year low of 538,970 in 2015 too. Nepal had received 251,148 less tourists last year, representing a sharp drop of 31.78 percent, compared to the 2014 figure.