<figure><img width="3071" height="2284" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110161128/636d195f9c7e80680e0ac817jpeg.jpg" alt=""/><figcaption>Chanaute after the flood on the Melamchi River in 2021. All photos: RAJU PANDIT CHHETRI</figcaption></figure>On 15 June, the <a href="https://www.nepalitimes.com/latest/monsoon-hits-nepal-with-a-bang/">Melamchi River north of Kathmandu</a> saw a massive flash flood, killing 25 people and sweeping away 200 houses and 360 hectares of farmlands.Another debris flow on the river on 31 July added to the destruction and misery. The disaster was <a href="https://www.nepalitimes.com/latest/the-monsoon-mess-in-melamchi/">unprecedented in the Melamchi Valley</a>, and caught residents, trout farms, shops along the banks by surprise. Before the communities got a chance to fully rise from the massive double-earthquake in 2015, the region was hit yet again with another disaster.As a resident of the Chanaute, I lost close relatives and neighbours to the flood. My own house and farmland were destroyed. The river sliced through the bazar town, and its 56 houses are now ruined and abandoned. The hopes of my hard-working community have also been dashed.Local entrepreneurs, small shop owners and farmers whose arable land have turned into a boulder-strewn wasteland are shattered. Damage to roads and bridges hascut the valley’s connection to the outside world. Nepal’s most expensive water supply project has been damaged. <figure><img width="1024" height="768" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110161128/636d19639c7e80680e0ac818jpeg.jpg" alt=""><figcaption> </figcaption></figure>Any individual extreme weather event is difficult to directly attribute to the climate crisis. But the intensity and unpredictability of this year’s monsoon has been unprecedented. Manang and Mustang were hit by flash floods at the same time as Melamchi – even before the monsoon officially started. And even after the rainy season was formally over last week, <a href="https://www.nepalitimes.com/latest/post-monsoon-rain-ruins-nepals-crops/">parts of the country were hit by record-breaking rainfall.</a>For the past decade, my career has taken me to numerous international climate summits where we have discussed strong national and international advocacy to address the impact of the climate crisis – especially on developing countries like Nepal.At international climate negotiations under the United Nations Framework Convention on Climate Change (UNFCCC), I have observed climate-vulnerable countries make urgent pleas for ambitious action in tackling the climate crisis. Small, low-lying island states like the Vanuatu, Tuvalu and the Maldives have tried to show the urgency of it all – rising ocean levels will soon submerge their countries.The Philippines and Bangladesh continue to raise concern about the increasing intensity and frequency of typhoons and cyclones. Fragile mountain regions of the world are trying to get their concerns on the agenda.Next week, heads of state from around the world will start arriving in Glasgow for the 26th annual climate summit of the UNFCCC (called COP26). Recent impacts of extreme weather events around the world (wildfires in Siberia and the western US, heat waves in Canada, floods in Europe, landslides and floods in Japan, India, China) are likely to focus everyone’s mind on the climate emergency, and the message that we are all in this together. <figure><img width="1500" height="1125" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110161128/636d19669c7e80680e0ac819jpeg.jpg" alt=""><figcaption> </figcaption></figure>Reducing greenhouse gas emissions and adapting to climate impacts to avert and minimise some of the loss and damage will be at the forefront of the negotiations.  However, as the incoming president of COP26, the United Kingdom and the leaders of the industrialised world will have to face a new reality – to address the destruction unleashed by the climate crisis with rehabilitation, migration and financing.Industrialised countries have long brushed aside these issues, diluted their commitments to merely focusing on the weaker goal of reducing greenhouse gas emission, and providing token climate financing to allow low-income countries to adapt.In fact, addressing the <a href="https://www.nepalitimes.com/banner/disasters-in-nepal-come-in-waves/">loss and damage from disasters</a> like the one that hit Melamchi and parts of the Himalaya will be one of the main pillars of the COP26 in Glasgow. Nepal’s delegation will be led by Prime Minister Sher Bahadur Deuba, and he is expected to speak about this year’s climate-induced disasters starting with <a href="https://www.nepalitimes.com/banner/wildfires-ravage-nepal-mountains/">winter drought</a>, <a href="https://www.nepalitimes.com/banner/nepal-is-going-up-in-smoke/">nationwide wildfires</a>, and floods.Nepal will have strong moral grounds to persuade world leaders that low capacity vulnerable countries need help to deal with a crisis that is not of our making. Himalayan glaciers are shrinking and receding fast, extreme weather trends are more pronounced, and this is impacting on infrastructure projects and threaten to undermine decades of progress in achieving the UN’s Sustainable Development Goals. <figure><img width="4000" height="3000" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110161128/636d19699c7e80680e0ac81ajpeg.jpg" alt=""><figcaption> </figcaption></figure><a href="https://www.nepalitimes.com/here-now/nepals-glacial-lakes-in-danger-of-bursting/">A 2020 study by ICIMOD and UNDP</a> has shown that 47 glacial lakes in the Kosi, Gandaki and Karnali basins are in danger of bursting. Although 21 of these lakes are in Nepal, the others also drain into tributaries of rivers flowing into Nepal. These are ticking time bombs.<a href="https://www.nepalitimes.com/banner/climate-change-is-a-disaster-in-the-nepal-himalaya/">Glacial lake outburst floods</a> have been hitting Nepal’s Himalayan valleys with increasing frequency. In 2012, an <a href="http://archive.nepalitimes.com/article/nation/Anatom-of-a-Himalayan-tsunami,1330">avalanche on Annapurna</a> unleashed a catastrophic flood on the Seti River that killed at least 70 people. In <a href="http://archive.nepalitimes.com/blogs/kundadixit/2014/10/16/after-the-storm/">2014, a deadly post-monsoon blizzard</a> spawned by Cyclone Hudhud swept through the mountains catching many trekkers unawares. The Tarai have seen increasingly destructive floods in the past five years, and <a href="https://www.nepalitimes.com/banner/disastrous-management-in-nepal/">Bara district was hit by a rare tornado in 2019</a> that killed dozens.In Glasgow, Nepal will have to make a compelling case for <a href="https://www.nepalitimes.com/banner/himalayan-floods-a-sign-of-worse-to-come/">loss and damage compensation</a> for disasters like these. COP26 will be a make-or-break summit for reducing global carbon emissions by 45% by 2030. Nepal will also need to do its bit to achieve its updated Nationally Determined Contribution target to reduce emissions by 2030 by switching to renewable energy, and attain net zero by 2050.Glasgow will be an opportunity to link global targets to local impact, and to find ways to address the disproportionate destruction caused by climate crisis on the poorer parts of the poorest countries.Raju Pandit Chhetri is a resident of Chanaute in Nepal’s Melamchi Valley and works on climate change issues.

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Think globally in Glasgow, and act locally

<img width="675" height="849" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109191116/636bee754b0ad905ca02ef48jpeg.jpg" alt=""/>It was a hazy winter afternoon  when without warning at exactly 1PM, soldiers appeared on the streets of Kathmandu. Singha Darbar was cordoned off. Politicians, including Prime Minister B P Koirala who had been elected a year-and-half previously, were picked up simultaneously from their homes or offices, and hauled off to prison.   On Tuesday, 15 December it will be exactly 60 years since that fateful day which would determine the course of Nepal’s history for decades. King Mahendra and Prime Minister BP Koirala met at the palace for dinner a few days before the putsch. The King had just returned from a four-month trip to Japan, the United States and UK, and top secret plans were already in place for the coup d'état. Years later, Koirala related how towards the end of that meal, Mahendra (wearing trademark shades even though it was dark inside the room) gestured to Queen Ratna to leave and told him: “There cannot be two lions in a cage.”BP writes in his memoir that he had a ‘love hate’ relationship with Mahendra, who appreciated his work ethic, but was increasingly jealous of his popularity. The King’s aversion to political parties was well known, zamindars hated BP’s new land reform bill, and Mahendra sensed that Nehru’s India and Mao’s China, for different reasons, could live with a coup, as long as it did not make Nepal unstable.So, on पुस १, २०१७ (first day of the month of Pous 2017) the King made his move. In a speech he accused the Nepali Congress government of “failure to maintain law and order, being anti-national, corrupt and unaccountable”. The Swiss Ambassador was visiting Kathmandu from New Delhi on 15 December, and wrote a long cable to Berne about how BP Koirala had earlier talked about the difficulty of maintaining Nepal’s neutrality amidst Cold War tensions.US Ambassador Henry E Stebbins had met King Mahendra on 9 December in which he was given no hints of what he was planning, even though preparations must have been at an advanced stage. After the coup, Stebbins wrote to President Eisenhower: ‘…we feel that the King’s motives in taking the precipitate action he did were guided less by the issues of corruption and Communism than by a growing fear that his own personal position and prestige were dwindling and that if he did not act soon, it might be too late . . . the real motive behind the move was the preservation of the monarchy and the Shah dynasty in its absolute form.’However, just as Mahendra reckoned, Nepal’s two giant neighbours went along. China’s annexation of Tibet had spooked the Indians and Americans, and the British were focused on continued Gurkha recruitment. In fact, Queen Elizabeth was in Kathmandu on a royal visit within two months of the coup, and even went tiger hunting in Chitwan. History repeats itself repeatedly in Nepal. In 2005, King Gyanendra staged a carbon copy royal-military coup. Like his father and Stebbins, Gyanendra hoodwinked British Ambassador Keith Bloomfield into thinking that a coup was the last thing on his mind. Gyanendra’s speech on 1 February 2005 was identical to Mahendra’s in 1960. The son followed his father’s footsteps. On the 60th anniversary of पुस १ Nepal comes another full circle as supporters of a return to a Hindu monarchy exploit the political disarray, infighting, governance failure and corruption, to march on the streets demanding the secular republican constitution be scrapped. Some of the geopolitical dynamics of the Cold War in 1960 are also playing out again as Washington and New Delhi align against Beijing. Hindutva politics  in India may also be pushing the pendulum back to the right in Nepal. Tune in to Tom Robertson's article on Nepali Times Weekend Longreads on Saturday 12 December with declassified papers with new revelations about the US response to King Mahendra's coup.

Kunda Dixit

‘Putsch Ek’

<img width="675" height="849" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109181144/636be7739c7e80680e0877ffjpeg.jpg" alt=""/>It was a hazy winter afternoon  when without warning at exactly 1PM, soldiers appeared on the streets of Kathmandu. Singha Darbar was cordoned off. Politicians, including Prime Minister B P Koirala who had been elected a year-and-half previously, were picked up simultaneously from their homes or offices, and hauled off to prison.   On Tuesday, 15 December it will be exactly 60 years since that fateful day which would determine the course of Nepal’s history for decades. King Mahendra and Prime Minister BP Koirala met at the palace for dinner a few days before the putsch. The King had just returned from a four-month trip to Japan, the United States and UK, and top secret plans were already in place for the coup d'état. Years later, Koirala related how towards the end of that meal, Mahendra (wearing trademark shades even though it was dark inside the room) gestured to Queen Ratna to leave and told him: “There cannot be two lions in a cage.”BP writes in his memoir that he had a ‘love hate’ relationship with Mahendra, who appreciated his work ethic, but was increasingly jealous of his popularity. The King’s aversion to political parties was well known, zamindars hated BP’s new land reform bill, and Mahendra sensed that Nehru’s India and Mao’s China, for different reasons, could live with a coup, as long as it did not make Nepal unstable.So, on पुस १, २०१७ (first day of the month of Pous 2017) the King made his move. In a speech he accused the Nepali Congress government of “failure to maintain law and order, being anti-national, corrupt and unaccountable”. The Swiss Ambassador was visiting Kathmandu from New Delhi on 15 December, and wrote a long cable to Berne about how BP Koirala had earlier talked about the difficulty of maintaining Nepal’s neutrality amidst Cold War tensions.US Ambassador Henry E Stebbins had met King Mahendra on 9 December in which he was given no hints of what he was planning, even though preparations must have been at an advanced stage. After the coup, Stebbins wrote to President Eisenhower: ‘…we feel that the King’s motives in taking the precipitate action he did were guided less by the issues of corruption and Communism than by a growing fear that his own personal position and prestige were dwindling and that if he did not act soon, it might be too late . . . the real motive behind the move was the preservation of the monarchy and the Shah dynasty in its absolute form.’However, just as Mahendra reckoned, Nepal’s two giant neighbours went along. China’s annexation of Tibet had spooked the Indians and Americans, and the British were focused on continued Gurkha recruitment. In fact, Queen Elizabeth was in Kathmandu on a royal visit within two months of the coup, and even went tiger hunting in Chitwan. History repeats itself repeatedly in Nepal. In 2005, King Gyanendra staged a carbon copy royal-military coup. Like his father and Stebbins, Gyanendra hoodwinked British Ambassador Keith Bloomfield into thinking that a coup was the last thing on his mind. Gyanendra’s speech on 1 February 2005 was identical to Mahendra’s in 1960. The son followed his father’s footsteps. On the 60th anniversary of पुस १ Nepal comes another full circle as supporters of a return to a Hindu monarchy exploit the political disarray, infighting, governance failure and corruption, to march on the streets demanding the secular republican constitution be scrapped. Some of the geopolitical dynamics of the Cold War in 1960 are also playing out again as Washington and New Delhi align against Beijing. Hindutva politics  in India may also be pushing the pendulum back to the right in Nepal. Tune in to Tom Robertson's article on Nepali Times Weekend Longreads on Saturday 12 December with declassified papers with new revelations about the US response to King Mahendra's coup.

<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109141140/636bae439c7e80680e077fe2jpeg.jpg" alt="" width="1500" height="1000"/><figcaption>Illustration: DIWAKAR CHETTRI</figcaption></figure>After weeks of bitter infighting within the ruling Nepal Communist Party (NCP), the three feuding factions have now agreed on a ceasefire and there is an uneasy calm in Kathmandu.The political counter-coup by Prime Minister K P Oli last week allowed him to keep his job for now, but in the process he had to make some compromises. The upshot is that the concentration of power in the prime minister’s office that had characterised Nepal’s politics for the past two-and-half years has now been replaced with a tense triangular standoff.Although Oli managed to forestall attempts to oust him, he is not as strong as before and has been forced to yield to party co-chair Pushpa Kamal Dahal and the faction led by former prime minister Madhav Kumar Nepal.It is difficult to say what tricks Oli had in the bag to defuse the threat from Dahal, but political analysts agree that one major factor was the strong message from Beijing delivered by the Chinese Ambassador not to split the NCP. The party rank-and-file got the message and lobbied intensely with Dahal and Oli to sort out their ego-clash and not hold the party and nation hostage.The deal hammered out allows Oli to complete his term and effectively serve as incumbent during the 2022 election. In return the prime minister has agreed to back Dahal as the sole executive head of the NCP during its forthcoming Special Convention in November. Oli even convinced Dahal that Maoism as an ideology was obsolete, and he should espouse the ‘people’s democracy’ of the late UML leader Madan Bhandari. But Dahal may have also realised that his next rival in the party is Nepal and not Oli, and decided to jump ship.<a href="https://www.nepalitimes.com/editorial/you-stab-my-back-i-stab-yours/">You stab my back, I stab yours</a>, EditorialOli has also reportedly agreed to reshuffle the Cabinet by inducting more Dahal loyalists. There may have to be additional portfolios for supporters of Madhav Nepal, who already has two loyalists in the Cabinet: Agriculture Minister Ghanashyam Bhusal  and Tourism Minister Yogesh Bhattarai.Critical in the political arithmetic that allowed Oli to survive the latest threat was the defection of Home Minister Ram Bahadur Thapa and UML leader Bam Dev Gautam. We can only speculate what those two got in return. But it looks like that the prominent third-tier leaders deeply involved in mediation, including former Maoist guerrilla commander Janardan Sharma, Devendra Poudel and Haribol Gajurel, would probably also stand to be rewarded with posts in the next government.Finance Minister Yubaraj Khatiwada has made no secret of his desire to be the next ambassador to the US, and he may be replaced in the reshuffle by either Surendra Pandey or Bishnu Poudel. There may also be a rearrangement of Chief Ministers, and Oli may have to let go of some his people including Prithvi Subba Gurung of Gandaki Province and Shankar Pokhrel of Province 5.After all that hectic horse-trading, all is quiet in Khumaltar, Balwatar and Koteswor this week – the three residences of Dahal, Oli and Nepal respectively. Dahal is said to be spending time with his family, and feeding pigeons. Nepal is sulking. And Oli, being Oli, must be plotting his next move.Now that there is no imminent threat of government collapse, it would be a good time for Prime Minister Oli to focus all his attention on the monsoon disaster relief and the COVID-19 crisis. But he will probably busy doling out portfolios so as to appease the factions.There is so much bad blood between the three NCP factions that even when the reshuffle happens, the Cabinet will probably function like a coalition government.

Push and pull of Nepali politics

<figure><img width="673" height="404" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109101140/636b75cb9c7e80680e062407jpeg.jpg" alt=""/><figcaption>Photo: HIMALKHABAR.COM</figcaption></figure>There is an old Hungarian proverb: ‘If you are among thieves, and you keep quiet, that makes you a thief as well.’The saying does not hold much weight in Nepali politics, where impunity has now been elevated to this government’s mission statement. There was the lack of rule of law before, but never has it been as blatant as it is today.A <a href="https://www.nepalitimes.com/banner/the-rise-and-fall-of-comrade-mahara/" target="_blank" rel="noopener">Speaker of Parliament accused of attempted rape</a> is the same man who as Finance Minister ten years ago was caught on tape asking for Rs500 million from a Chinese contractor to buy off opposition legislators for a no-confidence vote. Needless to say, he never had to answer for the leaked tape, and two weeks ago he was acquitted by a district court on the rape charge as well. Meanwhile, a <a href="https://www.nepalitimes.com/latest/speechless/" target="_blank" rel="noopener">murder-accused who never answered for his war-era crime</a>, replaced him as Speaker.  The Minister of Information and Communication is caught on tape bargaining for a Rs700 million kickback from a commission agent supposedly representing a Swiss security printing supplier. He is forced to step down, but questions have arisen about his political patron, Prime Minister K P Oli. What did he know, and when did he know it?The scandals are coming thick and fast. Nepal has become a one-scam-a-day country. The Baluwatar real estate heist and the nefarious dealings that gave Yeti Holdings unprecedented access to royal assets administered by <a href="https://archive.nepalitimes.com/article/nation/nepal-from-royal-to-republic,3736" target="_blank" rel="noopener">Nepal Trust</a> have added to cumulative public disillusionment with the Oli administration.Read Also: <a href="https://www.nepalitimes.com/banner/the-two-year-itch/" target="_blank" rel="noopener">The two-year itch</a>, EditorialAt a time when all these scandals are swirling about, and trending on social media, Prime Minister Oli staged a lavish birthday bash in his hometown at state expense this week (picture, above). Dignitaries fly over from Kathmandu in five helicopters, and even before the dust from the landing pad had settled, another Dynasty Air chopper arrived with an enormous birthday cake in the shape of a 3-D map of Nepal strapped to the back seat. We are living in a crony-communist Oligarchy. <figure><img width="1500" height="920" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109101140/636b75cd9c7e80680e062408jpeg.jpg" alt=""><figcaption>Photo: RSS</figcaption></figure>There is nothing wrong with a prime minister celebrating his 69th birthday, but PM Oli has done himself no favours by not paying attention to the optics. The Athrai birthday was timed badly and was in bad taste. And it was not the first time this has happened. A New Delhi five-star hotel sent a $10,000 bill to the Nepal government in 2016 when <a href="http://archive.nepalitimes.com/blogs/thebrief/2016/02/19/oli-off-to-india/" target="_blank" rel="noopener">Oli celebrated his birthday there</a> during his first tenure as prime minister.Oli is known for carefully cultivating his public persona, and he should have known the social media reaction to heli-borne cakes and videos of birthday boy slicing into Nepal with a kitchen knife. It is looking more and more like the emperor has no idea he is naked.Oli is doing his nemesis, prime minister-in-waiting Pushpa Kamal Dahal, a great favour with these mis-steps. In fact, Dahal has only had to twiddle his thumbs, waiting for Oli to self-destruct. There is no love lost between these two Big Boys of the NCP, and it now looks like Dahal has the upper hand.<a href="https://www.nepalitimes.com/banner/state-of-health/" target="_blank" rel="noopener">A morally weak, politically feeble and physically frail</a> Oli would like to have his <a href="https://www.nepalitimes.com/here-now/premier-league/" target="_blank" rel="noopener">succession issue</a> sorted out before checking into hospital for his second kidney transplant. But Dahal is determined not to let that happen.In this elaborate chess game, Dahal’s primary aim is to undermine the foundation of the former UML rank and file, who still make up a significant block in the NCP. He knows he cannot make a dent at the cadre level, which is why he is peeling away top leaders like Jhalanath Khanal, Madhav Kumar Nepal and Bam Dev Gautam from the Oli camp.Read Also: <a href="https://www.nepalitimes.com/editorial/awesome-party/" target="_blank" rel="noopener">Awesome Party</a>, EditorialDahal advanced former UML leader Bam Dev Gautam into the Upper House this week. Gautam has been home minister thrice, and has a barely concealed ambition to be prime minister. The trouble is, he lost in the 2017 election.But Dahal’s move has spooked Oli, who has got Defence Minister Ishwar Pokhrel to deliver some Twitter broadsides, and to keep <a href="https://www.nepalitimes.com/banner/calendar-of-economic-change/" target="_blank" rel="noopener">Yubaraj Khatiwada on as Finance Minister</a> till the announcement of the annual budget even if his Upper House term is expiring on 8 March. Former Speaker Subhas Nembang has also come out strongly against Gautam being inducted into the Upper House, saying this sets a bad precedent.One danger is that President Bidya Devi Bhandari, who is close to Prime Minister Oli, will be dragged into the fray. The sooner this <a href="https://www.nepalitimes.com/banner/in-wait-and-wait-mode/" target="_blank" rel="noopener">paralysing power struggle in the NCP</a> is resolved, the better it is for Nepalis, for whom the electoral promise of ‘stability and prosperity’ has become a joke.Read Also: <a href="https://www.nepalitimes.com/here-now/the-troika/" target="_blank" rel="noopener">The Troika</a>, Editorial <h2>10 years ago this week</h2> In an editorial 10 years ago this week, we wrote about how political instability and corruption was hampering economic growth and scaring off investors. Unfortunately this is still the case. We have seen some significant growth in economy, but intense power struggle and polarisation with the ruling Nepal Communist Party has paralysed party decision-making and corruption has grown (the latest being Communication Minister Gokul Baskota’s printing press kickback scandal). Excerpt from <a href="http://archive.nepalitimes.com/issue/491" target="_blank" rel="noopener">Nepali Times #491</a> of 26 Feburary-4 March 2010:In a scenario dominated by politics, we know we are crying in the wilderness to talk about the economy. But even if it is only for economic reasons, this government must be reformatted. The state has no credibility. The economy is on the verge of collapse.  <img width="320" height="500" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109101140/636b75d19c7e80680e062409jpeg.jpg" alt="">The cost of capital is so high that big projects are not viable anymore. Investors have fled, there is huge capital flight. Even the investors who are here are being harassed, as made evident by the ‘Maoists’ extortion of power projects. Businesses struggle to cope with the daily 12-hour power cuts. Corruption has never been worse than it is now.

THE  OLIGARCHY

<figure><img width="1445" height="2000" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108181144/636a95c69c7e80680e05dc29jpeg.jpg" alt=""/><figcaption>Illustration: DIWAKAR CHETTRI</figcaption></figure>Nothing unites Nepalis more than a dispute with India. So, when India issued its new official map this month putting the <a href="http://archive.nepalitimes.com/news.php?id=1680#.Xc0XfNUzbIU">east bank of the Kali River</a> that Nepal claims squarely within its own territory, all hell broke loose in Kathmandu.The brouhaha could not have come at a better time for Prime Minister KP Oli. <a href="https://www.nepalitimes.com/latest/prime-ministers-health-condition-under-wraps/">In failing health</a>, with falling public support and <a href="https://www.nepalitimes.com/banner/dangerous-driving/">facing serious challenges from within his own party</a>, the dispute with India united politicians across the political spectrum. It also allowed Oli, who has always used nationalism as a political plank, to send the message that he is standing up to India.Even the opposition Nepali Congress, which had been hesitant to speak against India during the <a href="http://archive.nepalitimes.com/blogs/thebrief/2015/09/25/unofficial-blockade/">2015 Blockade</a>, this time mobilised its students to protest outside the Indian Embassy. Student unions in some Tarai towns also staged anti-India protests.Read also:<a href="https://www.nepalitimes.com/editorial/territorialism/">Territorialism</a>, Editorial<a href="http://archive.nepalitimes.com/news.php?id=11208#.Xc0Xg9UzbIU">What India wants from Nepal,</a> Rajendra DahalBut it is from his own NCP that Oli faces the greatest challenge, and he has been scrambling to put a trusted caretaker team in place ahead of a planned trip to the United States. Baluwatar insiders say <a href="https://www.nepalitimes.com/banner/in-wait-and-wait-mode/">Oli may be away for at least two months if he needs a new kidney.</a>Last week in a surprise move, Oli got his team of a dozen advisers to resign en masse. Although it looks like some of them (including his foreign policy and political advisers) will be reinstated after pressure from senior party leaders, the move suggests that the Prime Minister is working on a major overhaul in case he needs to be away longer.On Wednesday, Oli met his main critic within the NCP, former Prime Minister Madhav Kumar Nepal, for the first time since August, when they had an angry exchange in Baluwatar. Relations between the two have not been good since Oli <a href="https://www.nepalitimes.com/here-now/one-body-two-heads/">out-manoeuvred Nepal</a> at the UML party convention four years ago. Nepal is said to have been miffed at Oli’s surprise appointment of new provincial governors.      Read Also: <a href="https://www.nepalitimes.com/editorial/four-year-itch/">Four-year itch,</a> EditorialSources said the two had a “heart-to-heart talk with self-reflection”, with Oli promising to consult his party colleagues more closely. It is very likely the PM will be looking to induct Nepal loyalists to his reshuffled cabinet, and may have asked Nepal for recommendations. Oli also wants to finalise selection of the 120-member politburo before he goes away, and for this may need Nepal’s help to outflank Pushpa Kamal Dahal.Dahal, for his part, has been biding his time knowing that sooner or later he will be prime minister. His reaction to the border dispute with India has been remarkably lukewarm, calling for a “diplomatic settlement” and the surprising suggestion that Nepal should not internationalise the issue.Prime Minister Oli appears to be preparing for a protracted absence from Kathmandu during which time he does not want Dahal to be calling all the shots.Read Also: <a href="https://www.nepalitimes.com/editorial/own-worst-enemy/">Nepal PM is his own worst enemy</a>, Editorial

Power plays

https://www.youtube.com/watch?v=3V1x6nUgo9g&amp;feature=youtu.beEver since Nepal’s founding king <a href="http://archive.nepalitimes.com/news.php?id=6592#.XVUiCuMzbIU" target="_blank" rel="noopener">Prithvi Narayan Shah</a> described the nation state he forged as a garden of 4 castes and 36 ethnicities, besides considering themselves ‘Nepali’ most people have also kept a distinct sense of sub-national identity.The Muluki Ain of 1854 defined this social hierarchy, and the 2011 <a href="http://archive.nepalitimes.com/news.php?id=8616#.XVUpheMzbIU" target="_blank" rel="noopener">census</a> lists all 125 castes and ethnic groups, forming the basis on which the new <a href="http://archive.nepalitimes.com/blogs/thebrief/2015/09/20/peoples-constitution/" target="_blank" rel="noopener">Constitution</a> defines Nepal’s <a href="http://archive.nepalitimes.com/news.php?id=15798#.XVUpPuMzbIU" target="_blank" rel="noopener">reservation policies</a> for the civil service, government and Parliament. But with an increase in inter-ethnic marriages producing an even more multicultural society, there may be a need to redefine ethnicity as the country becomes even more diverse.“Growing up, my most cherished memories are visiting my grandparents from both sides of my family and being exposed to diverse beliefs, traditions and food,” recalls Rubeena Mahato, who has a Maithili father and Newar mother. “The two ethnic backgrounds merged seamlessly without one undermining the other.”But despite embracing her dual heritage and being raised in a household with no concept of caste hierarchy or religious superiority, and taught to respect people regardless of their ethnicity, Mahato says society kept her in a box as she grew up. (See box story below)Mahato recalls that the first question she was asked at school was about her caste and ethnicity. As children who didn’t know better, her classmates made assumptions based on what they had seen their parents do. Mahato was seen only as a Madhesi, leading her to feel self-doubt over her Newar identity. While she embraced her duality, her peers and teachers did not.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022110814110/636a53aa9c7e80680e052362jpeg.jpg" alt="" width="1400" height="933"/><figcaption>INTERETHNIC LOVE: Prime Minister KP Oli presents rhododendron blossoms to his wife Radhika Shakya on 21 February during Kalu Pande Diwas in Dahachok. Pic: Krishna Paudel</figcaption></figure>The caste and ethnic categorisation in the Muluki Ain and a rigid perception of identity pose obstacles for Nepalis who want to adopt their hybrid identities. <a href="http://archive.nepalitimes.com/news.php?id=16478#.XVUm4uMzbIU" target="_blank" rel="noopener">Seira Tamang</a> is a political scientist whose research focuses on social exclusion. She says, “Regardless of how people might choose their ethnic and other identities, society at large will see and treat them according to the <a href="http://archive.nepalitimes.com/news.php?id=7872#.XVUqB-MzbIU" target="_blank" rel="noopener">singular homogenised identity and strata of the Muluki Ain.”</a>Historian <a href="http://archive.nepalitimes.com/news.php?id=11936#.XVUmpeMzbIV" target="_blank" rel="noopener">Pratyoush Onta</a> of Martin Chautari says Nepalis have three types of responses to multiethnic identities: embracing their hybrid ethnic identity, reasserting one ethnic identity while rejecting the other, or identifying themselves only as Nepali. Keeping a single ethnic identity as long as it abides by the ongoing patrilineal system aligns with the current perception of ethnic identity, but there is social and political confusion for many like Mahato who want to preserve their hybrid ethnic identity.<a href="http://archive.nepalitimes.com/news.php?id=13361#.XVUnpOMzbIU" target="_blank" rel="noopener">Mahendra Lawoti</a>, professor of political science at Western Michigan University, who has written extensively on Nepal’s reservation policies, says, “Ethnic identity is not just shaped by the individual’s perception of themselves, but also society’s recognition of them. Ethnic identity, to some extent, is a social construct.”Indeed, the ethnicity of a person in Nepal is still largely determined by the father’s lineage. But this can lead to even more confusion over the freedom of women to change their ethnic identity and surname with marriage and the matter of reservation policies.Besides a mandatory quota for women in government and civil service, there is also <a href="http://archive.nepalitimes.com/news.php?id=4140#.XVUosOMzbIU" target="_blank" rel="noopener">affirmative action</a> for indigenous people, Dalits and other ethnicities. But as marriages create more <a href="http://archive.nepalitimes.com/news.php?id=12561#.XVUoO-MzbIU" target="_blank" rel="noopener">multiethnic identities</a> and a weaker attachment to a single ethnicity, the future of the <a href="http://archive.nepalitimes.com/news.php?id=15753#.XVUn0OMzbIU" target="_blank" rel="noopener">reservation policy</a> comes into question.“The reservation policy should be reflective of society and should respond to changes in the social dynamic,” says Lawoti. “The state does not recognise multiethnic individuals, but it should respond to this new reality.”However, whether offspring of inter-ethnic marriages will seek to assert their hybrid identity, or take up one or other of their parental identity is also uncertain. Some may prefer to assume the identity of their Dalit or indigenous parent rather than their 'higher caste' parent in order to benefit from reservation.Lawoti and Onta both agree that policies should be more flexible to accommodate multiethnic individuals. different caste or ethnicity. Women should be allowed to either keep their birth surname or change it to their husband’s, but if they are allowed to change when it fits their immediate purpose, the system perpetuates unfairness.“Women should be allowed to change their ethnic identity when they get married but not to simply abuse the system,’’ says Lawoti. In Nepal’s patriarchal society, even with inter-ethnic marriages there is a tendency for wives to adopt the customs, traditions and culture of her husband’s ethnicity, forgoing her own. Children are raised with the culture of their father’s ethnicity. When doing so, the ethnic background of women erodes and hybrid identities are less likely to be formed.However, with greater geographical mobility, the spread of education, and people moving out of historical ethnic enclaves, there are more possibilities of mixed ethnicities. Politician Tripple P Gurung and journalist Ramyata Limbu raise their children with a fusion of ethnic customs and practices. Both Gurung and Limbu traditions are preserved flexibly within the home – a trend that many families with inter-ethnic marriages now practice.Basantapur of Sunsari district in eastern Nepal is perhaps one of the most multicultural, multilingual and multiethnic villages in Nepal. Anthropologist Chudamani Basnet researched inter-marriage in the town and found that although <a href="http://archive.nepalitimes.com/news.php?id=19885#.XVUo3eMzbIU" target="_blank" rel="noopener">Janjatis</a> have been intermarrying people from higher caste groups, there were none of the expected cultural conflicts.A Limbu woman married to a Giri man found that as they had migrated away from their families and were more economically independent, they faced very little inter-ethnic conflicts.However, not all such marriages are accepted. 'Higher caste' people who have married Dalits, for instance, are <a href="http://archive.nepalitimes.com/news.php?id=15947#.XVUuxuMzbIU" target="_blank" rel="noopener">routinely ostracised</a> by their own community. Sometimes couples who have crossed caste or ethnic lines to elope have been publicly taunted, beaten, or driven out of their villages.Basnet attributes much of the opposition to the loss of cultural heritage and language. “Inter-marriage was made possible by a common language, Nepali, which has facilitated interaction between people of different ethnic groups, but at the cost of their mother tongues,” he adds.As offspring of inter-ethnic marriages create and practice their own fusion customs, some of the distinct cultural and linguistic attributes of the original ethnic groups tend to erode. The future of hybrid identities with the current social and political state of Nepal is therefore uncertain, even though Prime Minister KP Oli and his wife Radhika Shakya, and other senior politicians, themselves have married across ethnicities.Inter-ethnic marriages in Nepal came in waves. During the Panchayat, many underground Communist leaders, like KP Oli, developed relationships with young women in the households where they rented rooms, or in the neighbourhoods of inner city Patan and Kathmandu. During the National Development Service, college graduates were mandatorily required to serve a year in rural areas, and got married to locals. The third wave was during the conflict, when Maoist guerrillas could get married with the party's consent. Today, education, mobility and connectivity have unleashed a new wave of inter ethnic marriages.Uncertainty is also perpetuated by the lack of data regarding inter-ethnic marriages. The Department of National ID and Civil Registration refused this paper’s repeated requests to release data of inter-ethnic marriages or to comment on the trend, citing issues of privacy and discrimination.Regardless, Nepal is celebrated as a multicultural, multilingual and multiethnic nation, characteristics that have been embedded in the Constitution. But while the country as a whole may have a rich ethnic diversity, it is also becoming a new melting pot.Read Also:<a href="http://archive.nepalitimes.com/news.php?id=11202#.XVUid-MzbIU" target="_blank" rel="noopener">Happily ever after,</a> Shraddha Basnya<a href="http://archive.nepalitimes.com/news.php?id=15581#.XVUideMzbIU" target="_blank" rel="noopener">Caste no bar,</a> Kong Yen Lin<a href="Nepal,%20an%20emerging%20rainbow%20nation" target="_blank" rel="noopener">Nepal, an emerging rainbow nation,</a> Rubeena Mahato<a href="http://archive.nepalitimes.com/news.php?id=15775#.XVUjneMzbIU" target="_blank" rel="noopener">Nepal's mutli-ethnic future,</a> Shyam Shrestha<h2>Tharu-Tamang</h2><figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022110814110/636a53ad9c7e80680e052363jpeg.jpg" alt="" width="1400" height="1050"><figcaption> </figcaption></figure>Suksari Chaudhary was in her early 20s and working in a garment factory in Kathmandu Valley when she met Chhewan Lama. Amidst the hum of sewing machines and heaps of fabric scraps, the two fell in love.They went their separate ways, but five years later they both found jobs in a school in Lalitpur and got married soon after. Although she is Tharu and he is Tamang, the wedding ceremony reflected neither culture but was performed using Brahmin rituals.“I think it was easier for us to have an inter-ethnic marriage because both our parents were no longer with us and our other relatives also had inter-ethnic marriages,” says Chaudhary. Lama’s parents and Chaudhary’s father had passed away years before they met.The only time they faced any difficulty over their mixed marriage was when they returned to Lama’s home in Kavre for the first time after getting married. She recalls, “At first, his extended families didn’t really understand why he had married a Tharu.” But when Chaudhary was asked to sit in a traditional Tamang puja by Lama’s family, she felt welcomed and accepted. It was rare for a conservative family to allow a person from another ethnic background to worship with them.A year after their marriage, Lama and Chaudhary had a daughter, who grew up in a multiethnic household. She is now 22, and Chaudhary regrets not teaching her daughter Tharu customs, just as she herself never had the chance to learn about her heritage. As the only Tharu family in a predominantly Brahmin/Chhetri area, as a girl she was only familiar with the customs and practices of the ‘higher caste’ community.Today, the family has added other rituals to their celebrations. For example, during Dasain, they put white tika on each other in the evening as per Tamang custom. Lama says, “When we were raising our daughter, we neither raised her strictly as a Tharu nor a Tamang. She is a combination of both and a product of an interlaced family.”<h2>Maithil-Newar</h2><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022110814110/636a53b09c7e80680e052364jpeg.jpg" alt="" width="800" height="843">Growing up in a Maithil-Newar household, Rubeena Mahato embraced her colourful and multicultural heritage, celebrating both Rakshya bandhan and Bhaitika with Newari mandaps and eating Mithila dishes like thekuwa, khajuriya and daal puri during Chath and delicious yomaris during Newar Lapte bhoye bhoj. “My dual heritage merged seamlessly and they always have,” says Mahato.From a young age, Mahato was taught to respect everyone regardless of their ethnic or caste background. But she did not always receive the same treatment from others, and witnessed others get harassed because of their heritage.“Because of my upbringing, it was inconceivable for me to engage in ‘othering’ and exclusion, or to suffer it. I remember arguing with my friends over it and refusing to participate. Over the years, there have been multiple occasions where I have had to lecture perfectly educated young people for using caste slurs. Most are embarrassed, some are quite taken aback and some refuse to introspect. But I know that we cannot let such behaviour go unchallenged.”Now living in the US with her husband, Mahato remembers: “Our home is a riot of colours, tastes and flavours from our various heritages. What could be more Nepali than that?”

Nepal is turning into a nation of hybrid identities

<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108101148/636a26969c7e80680e043a23jpeg.jpg" alt="" width="800" height="1527"/><figcaption>Photo: BIKRAM RAI</figcaption></figure>KP Oli is Nepal’s strongest prime minister since the <a href="http://archive.nepalitimes.com/article/Nepali-Times-Buzz/the-rana-reign-a-recap-of-history,3751" target="_blank" rel="noopener">Ranas</a>, yet as he marks his first year in office on Friday why does he appear so embattled?Oli has everything going for him: a strong majority in Parliament, a demoralised opposition, some young can-do ministers. But instead of communicating his accomplishments, he spent an entire interview this week attacking critics. (See below). Social media ridicule of his wild promises, skepticism of his schemes for <a href="https://www.nepalitimes.com/here-now/social-insecurity/" target="_blank" rel="noopener">social security</a> or unemployment allowance make him defensive.Instead of the opposition, Oli is battling ex-Maoist hardliners within his own party. The row over parallel statements on <a href="https://www.nepalitimes.com/editorial/a-yam-between-3-boulders/" target="_blank" rel="noopener">Venezuela</a>, rift over celebrating the start of the Maoist revolution on Wednesday have put Oli on a collision course with co-Chair Pushpa Kamal Dahal. Even worse, Oli’s own former UML comrades mutter privately that he is going alone and listening to poor advice.We asked Oli this week to fill out his own report card on the first year of his second time as prime minister. Sound bites:<ul><li>They were jealous of my popularity two years ago, they accused me of being a nationalist. They were afraid Nepal would really develop under my leadership. The same thing is happening this time. No one talks about my achievements on federalism, the social security scheme, our progress in infrastructure. All the negative publicity is from people who cannot bear to see me being successful.</li> 	<li>There is an ideological prejudice. They are spreading disinformation about Indians needing work permits, disturbing Nepal’s foreign relations, they say I am <a href="https://www.nepalitimes.com/banner/gagging-the-press-in-installments/" target="_blank" rel="noopener">constricting press freedom and democracy</a>. Who are these people who never fought for democracy, now saying it is threatened? A few are spreading fake news, it does not represent public opinion.</li> 	<li>They ridicule me about <a href="https://nepalitimes.atavist.com/the-tibet-train" target="_blank" rel="noopener">railways</a> and shipping, the really ridiculous thing is that with its great potential Nepal is still poor, there is greed and conspiracy, Nepalis still go hungry.</li> 	<li>Freedom of expression does not mean you can defame people, use foul language, be uncivil, indulge in character assassination. There is a trend to undermine the very people who are trying to stabilise society and take Nepal forward.</li> 	<li>There is an organised effort to spread lies that Nepal is a dictatorship, it is not <a href="https://www.nepalitimes.com/editorial/crony-communism/" target="_blank" rel="noopener">investment-friendly</a>. Political parties pass resolutions warning foreigners not to invest here. Have you heard these critics ever talk about the extortion and loot by Biplav’s faction.</li> 	<li><a href="https://archive.nepalitimes.com/article/nation/what-federalism-himal-media-poll,4162" target="_blank" rel="noopener">Federalism</a> is work in progress. We are in uncharted territory to implement power devolution, make new laws, restructure the civil service, we have to convince those who do not accept the constitution. There used to be one government, now there are 753 local, 7 provincial and 1 national governments. It is not easy to make them all pull together.</li></ul>This was our base year, we have given a glimpse of the future, built the foundation, gave Nepal direction. Now we will move on governance, development, and performance.<a style="background-color: #ffffff; font-size: 15px; letter-spacing: 0.01em;" href="http://himalkhabar.com/news/10975" target="_blank" rel="noopener">Full text of interview</a> in Nepali here.

Oli's 1st year

Jana Aastha, 30 JanuaryVenezuela’s political crisis has divided world opinion into two distinct categories. The opposition has the backing of the United States, while the ruling government under Nicolas Maduro has Russia’s support.This political upheaval in a country so far away from Nepal raises some questions about governance here: what will happen if a powerful foreign country tries to oust our democratically elected communist majority government? Should Sher Bahadur Deuba follow the footsteps of Venezuela’s opposition leader Juan Guaido and ignite street protests?NCP leader Pushpa Kamal Dahal recently released a statement strongly supporting Venezuela’s Communist government. Since Communists are internationalists, it should not come as a surprise that Prachanda, a prominent member of an elected communist government in one nation, stands up for another such government -- especially when the United States decries the ruling Venezuelan government because it is communist.Dahal is not the prime minister, so his statement cannot represent the entire nation, but only that of the Nepal Communist Party. NCP’s political manifesto clearly portrays it as a Communist party, and thus Dahal’s support for Venezuela’s ruling government under his party’s political framework should not be considered unusual.

Communist internationalism

<img width="1000" height="490" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221107161116/6369220c9c7e80680e03a107jpeg.jpg" alt=""/>Madhav Basnet in Nepal, 14 SeptemberIn the four months since the NCP formed the government, its co-chair Prachanda (Pushpa Kamal Dahal) has only come to the defence of his beleaguered government four times. He has mostly kept quiet, and allowed PM Oli and others to take the heat. Analysts say his strategy is to allow the people’s dissatisfaction to grow to a tipping point without any of it reflecting on himself, as he waits to take over as prime minister.  When the government was formed, Oli had called himself the ‘captain’ and Dahal the ‘co-pilot’, but sources say that the cockpit harmony has frayed. Though the two deny it, Oli’s aides say the PM is irked by Dahal’s passiveness and his open criticism of the government. In an interview to Nawayug magazine, Dahal actually said the government’s performance during the first 100 days was not satisfactory. And despite PM Oli’s directive to go all out to defend the budget, Dahal has described it as “pouring cold water upon the people”.Many of the actions of the prime minister-in-waiting also point to Dahal’s impatience. He has been overheard criticising the government to his nearest associates, and has said openly that “if anything is done to derail the government or disappoint the people, I will have to step in”. His recent visit to India and upcoming visit to China appear to be aimed at shoring his international support base. Those close to Dahal deny he is making plans to upstage the PM. They point to the stress he has gone through with the demise of his son just before elections last year, and his wife’s failing health. Those in the know also stress that Dahal is not about to take any impulsive step against the government, because he would be accused of destabilising a government whose main election plank was ‘stability’.Indeed, the constitution states that a no confidence motion against the PM cannot be registered before he/she completes two years of the term. But Prachanda is reportedly holding regular strategic talks with other leaders of the NCP including Madhav Nepal and Jhalanath Khanal to undermine the government, and prepare for the moment when its unpopularity reaches a peak so he can make his move.

The co-pilot's flight plan

Born in Khandbari in eastern Nepal, Parashuram Pathak helped his family around the farm, sold what they grew in the market and lent a hand in the kitchen.&nbsp; After working as a chef in Dubai, San Francisco, Denmark, Australia, and on cruise ships, Pathak has now brought back what he has learnt to the Tusa Restaurant in Bhaktapur that opened on Nepali New Year on 13 April. Tusa uses fresh indigenous ingredients from various parts of Nepal, and fuses them with international methods to produce unique dishes. Pathak is a global Nepali, and is introducing global Nepali cuisine to his homeland. Pathak left an executive chef job to intern at three-Michelin-starred Noma in Denmark, named the best restaurant in the world five times. Noma runs on a philosophy of foraging to rediscover wild local ingredients, and Tusa’s mission is similarly noble: preparing dishes with Nepali ingredients using modern techniques and equipment. “We are taking Nepali food beyond dal-bhat and momo, we are taking it international,” Pathak said on the phone from Sydney. Read also: <a href="https://nepalitimes.com/here-now/nepali-baker-rises-to-the-top-in-denmark">Denmark’s best baker is a Nepali</a>, Vishad Onta  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20240419180424_1312bc016cbb2fe59c6d4a78d1f8b463af4a10b3f79559a2405fd54ea5b3197a.jpg" data-media-id="editor_1" data-image-id="20240419180424_1312bc016cbb2fe59c6d4a78d1f8b463af4a10b3f79559a2405fd54ea5b3197a" data-rendition-name="original" width="801" height="802" loading="lazy" alt="The return of the natives Page 12 NT #1208"> <figcaption>Photo: PARASHURAM PATHAK/FACEBOOK</figcaption> </figure>  Pathak’s team in Nepal includes chefs Rupesh Bohara and Sagar Shrestha who have also worked extensively in Dubai and Australia, and share his vision. The three realised they shared the same dream, and over the past five years have travelled across Nepal to research their menu, collecting ingredients and ideas from homestays, food carts, and nature. The team then scouted for Nepal’s best architect, and zeroed in on Bhaktapur-based heritage conservationist Rabindra Puri who designed the Malla-era house for Tusa in the Nag Pokhari neighbourhood. Bohara and Shrestha have moved back to Nepal for good, and Pathak arrives in September. “I made dishes from all over the world, but when someone asked what Nepali food was like, I had no answer,” says Bohara, “I came back to find out.” &nbsp;“You can get citizenship, a green card, big houses and cars, but where is the self-satisfaction?” asks Shrestha, who has a red-and-blue chef’s knife with the sun and moon of the Nepali flag tattooed on his right forearm.&nbsp; Read also:<a href="https://nepalitimes.com/diaspora-diaries/the-return-of-a-master-baker"> The return of a master baker</a>, Raju Pakhrin  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20240419180424_c601264463e5a28d4e71a46781f340a53619a08d00949a7aaebfef84e75a319d.jpg" data-media-id="editor_3" data-image-id="20240419180424_c601264463e5a28d4e71a46781f340a53619a08d00949a7aaebfef84e75a319d" data-rendition-name="original" width="6000" height="4000" loading="lazy" alt="The return of the natives Page 12 NT #1208"> <figcaption>Photos: TUSA</figcaption> </figure>  Bohara and Shrestha passionately recount stories of their trips across Nepal, speaking of generous lodge owners who introduced them to local ingredients. Tusa can seat 28, and dining here is a sensory experience with a live kitchen. The chefs cook and place dishes on a large granite countertop with induction sections built in. Behind the counter is a grill on an indoor fire with pulley control to adjust the fire. Everything that can be made in Nepal — chairs and tables, ceramic dishes, the grill — is locally sourced. The executive kitchen/laboratory is downstairs. It is spacious, spotless, and contains appliances rarely seen in restaurants here: a sous vide machine that cooks vacuum-sealed packets at consistent temperatures, and a dehydrator for sisnu nettles. A fresh batch of deep purple kimbu (mulberry) muffins has just come out of the oven. Fridges have dry-aged fish and marigold kombucha. Fermentation seems to be the theme at Tusa, and Pathak explained: “Fermentation takes away the natural sugars in food, leaving behind a true, umami taste.”&nbsp; Read also: <a href="https://nepalitimes.com/here-now/vikings-khukri-passion">Viking's khukri passion</a>, Alisha Sijapati  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20240419180424_c59e2b4230864f646bc36108adb951e95ec85da6156740294b1ec715b86acf89.jpg" data-media-id="editor_5" data-image-id="20240419180424_c59e2b4230864f646bc36108adb951e95ec85da6156740294b1ec715b86acf89" data-rendition-name="original" width="5895" height="3930" loading="lazy" alt="The return of the natives Page 12 NT #1208"> </figure>  Tusa itself means ‘shoot’ in Nepali, and can be a dish of fermented bamboo shoots. The restaurant serves a tasting menu with six courses, plus surprises. It starts with a fermented potato and millet roti with charred green garlic and tomato chutney. The bread tastes like a mix of alu paratha and kodoko roti with a satisfying, mild flavour. The chefs do not show off, and overdo it. Dishes are tastefully simple and faithful, a theme that runs through the meal. The second course is a filet of fish charred on one side and placed in a broth. It is delicate and smokey, and does not mask the character of the fish.&nbsp; The next is Batuk Chukauni, a Magar dish with a lentil snack and a yoghurt-based potato achar. The batuk, made of lentil batter, is light and the chukauni has potatoes and peas. Read also: <a href="https://nepalitimes.com/here-now/money-is-not-everything-but-you-need-money-for-everything">"Money is not everything, but you need money for everything"</a>, Rohit Shrestha  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20240419180424_e3f51228ff792e8d4297f81f8e67d138584e922ae035d131977494219e5e85c5.jpg" data-media-id="editor_7" data-image-id="20240419180424_e3f51228ff792e8d4297f81f8e67d138584e922ae035d131977494219e5e85c5" data-rendition-name="original" width="1333" height="1000" loading="lazy" alt="The return of the natives Page 12 NT #1208"> <figcaption>Batuk Chukauni. Photo: VISHAD ONTA</figcaption> </figure>  Next is a skewer of jackfruit with a tamarind and mustard glaze that has the texture of a slice of sausage and melts in the mouth. Then comes the first off-menu item: a steak of watermelon, glazed and grilled, tasting sweet, sour and smokey. After that a palate cleanser sorbet made with laligurans syrup adorned with a frozen candied rhododendron petal. Finally the main course: barbeque chicken and chyakla coarse corn grits. The chicken has been brined, marinated, cooked sous-vide and seared on the grill. The delicate consistency of the chicken stands out. Desert is a smooth, creamy cheesecake that uses the local juju-dhau yoghurt. And the last course is a moist, moss-green sisnu cake laced with mulberry jam and cream.&nbsp; There is nothing gimmicky about Tusa. It is the coming together of skilled Nepalis with international exposure who have mixed what they have learnt abroad with the flavours of home.&nbsp; The tasting menu is Rs3,500, and it may take some time before Nepalis develop a predilection for some of its items. The chefs are excited, vindicated, and relieved. Coming back to Nepal, uprooting successful careers abroad to take a chance on Nepal must not have been easy.&nbsp; Tusa had a soft launch on New Year’s day with Kathmandu-based diplomats. Australian Ambassador Felicity Volk was one of them, and wrote on a Facebook post: ‘Chefs who honed their skills in Australia and returned to Nepal to give back. We call it fine dining, they call it #cominghome.’ Read also: <a href="https://nepalitimes.com/multimedia/the-baker-of-barpak">The baker of Barpak</a>, Tara Aryal Pandey

The return of the natives

For a year or two after the 25 April 2015 earthquake, the residents of Kathmandu were too terrified to return to their high-rise apartments. None of them collapsed in the 7.8 disaster, but many sustained serious structural damage. &nbsp;
Fast forward nine years, and they have all but forgotten that frightful day. Kathmandu is back to building substandard structures, even as land prices drive developers to build taller.&nbsp;
With no more space to spread horizontally, Kathmandu is going vertical. But structural engineers say most of the high rises do not take into account seismicity, soil condition, construction methods, quality of raw materials, fire hazard, and search and rescue in collapsed concrete structures.
“Much of our focus since the 2015 earthquake has been on building and construction, but not as much on where we are building,” warns Sangeeta Singh, Professor of Urban Planning and Deputy Director of Centre for Disaster Studies at the Institute of Engineering.
Read also: <a href="https://nepalitimes.com/banner/in-a-disastrous-state">In a disastrous state</a>, Sonia Awale
She adds: “Kathmandu is not really suited for high-rises. We have to first test the condition of the soil, but building permits are being issued without this fundamental step.”
Kathmandu Valley is a former lakebed with soft topsoil prone to liquefaction and excessive shaking, as seen during the 1934 megaquake. Many ruptures tore up the surface in 2015. &nbsp;
During an earthquake, the rock layers below Kathmandu ring like a bell and the vibrations on the surface take between 0.5 to 2 seconds for one oscillation. Buildings also vibrate, but at different frequencies depending on their height, construction material, and arrangement of their structural components.
At five floors, the vibration period of a building is 0.5 seconds, which is the same as that for Kathmandu Valley, and this could cause more damage, says structural engineer Surya Narayan Shrestha at the National Society for Earthquake Technology - Nepal (NSET).
“Building anything that is five storeys or higher in Kathmandu needs special design and structural considerations,” says Shrestha.
Read also: <a href="https://nepalitimes.com/editorial/shaking-things-up">Shaking things up</a>, Editorial
Technologies exist to reduce seismic risk in high-rises, and these are used in earthquake-prone cities like Tokyo, Los Angeles, Jakarta or Mexico City.&nbsp;
Base isolation, for example, separates the vibration of the land and the building, reducing damage from soil-building resonance. Base isolators move and stretch under pressure, absorbing much of an earthquake's impact by reducing swaying and shaking. &nbsp;
Seismic dampers change the pattern of vibration altogether, dissipating energy as vibrations move across a structure. But these are all expensive technologies, and none of the high-rises in Kathmandu use them.
However, Nepali engineers who can help with technology transfer are working in the field in Nepal and overseas. Kathmandu’s high-rises are already very expensive, and making them seismic-resistant would be an incremental cost.
Read also: <a href="https://nepalitimes.com/opinion/comment/learning-from-jajarkot-what-we-didnt-after-2015-695vpzle">Learning from Jajarkot what we didn't after 2015</a>, Sushil Gyewali
The shape of high-rises also matters. Reinforced concrete buildings with asymmetric designs of the kind that are seen in newer structures in Kathmandu experience more torsion and shear during quakes. High-rises with regular geometry are stronger. &nbsp;&nbsp;
An even bigger concern is that of emergency evacuation and rescue in case of fire or earthquake. Kathmandu fire services do not have ladders that reach the higher floors of most new structures.
“High-rises mean more people and potentially higher casualties,” explains Shrestha. “We need immediate evacuation routes, fire escapes, emergency ladders, and fire trucks that can reach higher. Right now, safety features are voluntary and not mandatory.”
The street access, shelters, open spaces, and evacuation routes are integral to disaster preparedness and the safety of neighbourhoods and not just buildings. Most new high-rises in Kathmandu have narrow access roads.
Read also: <a href="https://nepalitimes.com/opinion/rebuilding-resilience-7-years-later">Rebuilding resilience 7 years later</a>, Anil Pokhrel
Since most of the buildings that survived the 2015 disaster were reinforced concrete structures, it fed the misconception that they are safer. But Himalayan seismologists say that if the intensity and duration of the shaking had been just a little higher, many substandard concrete structures would have collapsed.&nbsp;
And that is the final gap: Nepal’s limited expertise and equipment for search and rescue inside collapsed concrete structures. Kathmandu’s high-rises need to be better prepared for the next Big One.
“Structural safety and design were at the front and the centre after the 2015 earthquake, we also revised some building codes but we are back to square one with contractor-driven construction, especially in peri-urban areas,” says Sangeeta Singh, who is also with the National Planning Commission. “We need to monitor construction as much as design.”&nbsp;
Shrestha at NSET agrees there have been improvements in building practices in the past nine years, but adds, “We have both learnt and unlearnt lessons from 2015. The awareness hasn’t yet translated into action on safety.”
Read also: <a href="https://nepalitimes.com/here-now/lessons-not-learned-from-2015-o2etq6zu">Lessons not learned from 2015</a>, Sonia Awale

The rise of high-rises

Midway along the stretch of the ancient trade route between Tibet and India lies the Kel Tol neighbourhood. The name is derived from the original Koligrām, and it is believed the Koli people, who were originally from Rāmagrām in present-day southern Nepal near the Indian border, settled here. The Koli were the maternal ancestors of none other than the Buddha. Kel Tol is famous for the Buddhist monastic complex of Kanak Chaitya Mahāvihar, featuring the majestic two-tiered gilded temple of the white god Karunāmaya.&nbsp; This elaborately decorated courtyard is a bustling centre of the Vajrayāna sect of Buddhism, practised widely by the indigenous Newā people of Kathmandu Valley. Karunāmaya, also known as Ārya Avalokiteshwor, is defined in great detail in the 1st century CE Buddhist text Sadharmapundarikā where he liberates all sentient beings from suffering. He helps rid the eight external fears metaphorically equated with their equivalent internal states of mind: lions (pride), wild elephants (ignorance), fire (anger), snakes (jealousy), floods (attachment), imprisonment (miserliness), thieves (wrong views) and cannibals (doubt).  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20240418130432_fe370cbee75003cd3eb5dccc7c3b2671630da193b0744db2aeac1bab3ff4a85c.jpg" data-media-id="editor_0" data-image-id="20240418130432_fe370cbee75003cd3eb5dccc7c3b2671630da193b0744db2aeac1bab3ff4a85c" data-rendition-name="original" width="1338" height="2000" loading="lazy" alt="Seto Machhindranath"> </figure>  In the Pancha Rakshyā Sutra, a Buddhist scripture from 200 CE, Ārya Avalokiteshwor was counted among the eight major deities. Followers of the Brāhminical god Shiva worship Ārya Avalokiteshwor as Seto Machhindranāth. For Shaivites, Machhindranāth is the Indian saint who founded the Nāth cult in the 10th century CE. He is the guru of saint Gorakhnāth. During the reign of Yakshya Malla (1428–1482 CE), a beautiful image of Ārya Avalokiteshwor was dug up by a farmer in present-day Jamal, which was then a cultivated area outside the city. The farmer, known as a Jamami (meaning the one from Jamal) took the image home for safekeeping. That night, Ārya Avalokiteshwor appeared in the farmer’s dream and told him that the proper place for him to reside is at the confluence of two rivers. The nearest confluence was at present-day Wongha (Indrachok) and the image was installed in the Kanak Chaitya Mahāvihar complex in Kel Tol near Wongha. This made it easier for city residents to pay homage to Ārya Avalokiteshwor and spread compassion. Soon, the deity came to be revered highly as Jamaleshwor, the one found in Jamal. Eventually, the name got corrupted, as happens often in Nepāl Bhāsā, to Janabahā Dyo. The courtyard where his temple is located is now popularly known as Janabahā.  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20240418130432_5c9b219530e400445ef4e7f64856b43e7cdb756be26d9ed4565c84044c178a7e.jpg" data-media-id="editor_1" data-image-id="20240418130432_5c9b219530e400445ef4e7f64856b43e7cdb756be26d9ed4565c84044c178a7e" data-rendition-name="original" width="2500" height="1668" loading="lazy" alt="Seto Machhindranath"> </figure>  The gilded temple of Janabahā Dyo, first built in the early 16th century CE, is adorned with wooden and metal artefacts that symbolise 108 forms of Ārya Avalokiteshwor. It stands out as the most decorated temple of its kind in Kathmandu. Today, Janabahā is a living heritage site where many ancient customs and rituals are widely practised as per Vajrayāna Buddhist tradition. Devotees throng the Janabahā Dyo shrine for daily worship and to receive Karunāmaya’s blessings. Being the compassionate one, Ārya Avalokiteshwor goes around town every year in his tall wooden chariot to allow sick and physically disabled devotees to pay homage to him from the comfort of their homes. One could say it is a door-to-door visit by the Compassionate One.&nbsp; For the pragmatic minded, the chariot festival is an annual renewal of communal harmony, validation of our ancient mathematical supremacy and demonstration of the need to keep practical skills alive, including the craft of building earthquake resilient houses.  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20240418130432_fc8b234ceca87dee4b99e897a485cef121fb953857fb61492a413fbfcc48360c.jpg" data-media-id="editor_2" data-image-id="20240418130432_fc8b234ceca87dee4b99e897a485cef121fb953857fb61492a413fbfcc48360c" data-rendition-name="original" width="2500" height="1667" loading="lazy" alt="Seto Machhindranath"> </figure>  The Janabahā Dyo chariot is pulled from Jamal, where his image was found by the farmer, through the historic heart of Kathmandu in a gala parade every year. The procession, accompanied by folk music ensembles and revellers, starts on the eighth day of the bright half of the month of Chaitra, and lasts up to a week (ending on Saturday this year). Hundreds of devotees pull the chariot along the streets as a way of expressing their gratitude to lord Karunāmaya for blessing them with compassion and well-being. Purna Ratna Vajrāchārya is an ordained priest who belongs to the clan responsible for taking care of Janabahā Dyo. He has been studying the design and architecture of the chariot for the past 40 years, and overseeing its construction for the past 15. He has learnt that the engineering principles of building the chariot are based on the mathematical system in which Buddhism is taught. For example, 365 pieces of wood are used in the chariot, each representing a day of the year. Each of the four wheels consist of 25 pieces of wood, totalling 100, representing completeness or fulfilment. The chariot is vertically divided into 13 sections, a parallel to the Buddhist concept of Trayodashi Bhuvana that describes the 13 steps that one must take to achieve the state of Nirvana.&nbsp;  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20240418130432_36d9964c9845f6d9a074786361fc5ab7d49138503ad162086998b731349b0ec0.jpg" data-media-id="editor_3" data-image-id="20240418130432_36d9964c9845f6d9a074786361fc5ab7d49138503ad162086998b731349b0ec0" data-rendition-name="original" width="2500" height="1668" loading="lazy" alt="Seto Machhindranath"> </figure>   <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20240418130432_2662753a9514a682ccdfd17bf05e2be3771183a68dc86b717ab67d9aad894563.jpg" data-media-id="editor_4" data-image-id="20240418130432_2662753a9514a682ccdfd17bf05e2be3771183a68dc86b717ab67d9aad894563" data-rendition-name="original" width="1668" height="2500" loading="lazy" alt="Seto Machhindranath"> </figure>  &nbsp;Exactly nine types of wood are used, which is the sum of the four base elements that make up the universe (earth, water, fire and air) and the five human senses. The height and length of the chariot is 32 arm’s length (hāt in Sanskrit), 14.8m. The number 32 represents the maximum number of auspicious and physical qualities one could possess to be considered an outstanding human being.&nbsp; Says Vajrācharya, “Observing how the chariot is built helps one learn the fundamental pillars of the Buddha’s teachings, and find an easier path to Nirvana.” The structural design of the nearly 15m wooden chariot is not only awe-inspiring but also gravity-defying. It leverages the pliancy of the materials used in its construction -- flexible joints tied with cane soaked in water for several days. The precise proportions of the chariot ensure great manoeuverability in the narrow streets along the route of the chariot procession that include some 90° bends, without colliding into houses.  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20240418130432_9f5c2943f5d6b3f0010d3d5213697549945e87a6f7d3d8cbadd69f0dea6c6e2c.jpg" data-media-id="editor_5" data-image-id="20240418130432_9f5c2943f5d6b3f0010d3d5213697549945e87a6f7d3d8cbadd69f0dea6c6e2c" data-rendition-name="original" width="2500" height="3750" loading="lazy" alt="Seto Machhindranath"> </figure>  Driving and steering the chariot with brute muscle power of the mirthful crowd is a seemingly impossible task. But this has been achieved year after year, despite the fact that the devotees who tug wildly at the ropes lassoed to the two front wheels, are most likely in high-spirits (pun intended). Sanjay Manandhar, a US-based technology entrepreneur, recounts how his high school physics teacher from Canada asked his students to go observe the locals build the chariots of Karunāmaya if they were interested in becoming engineers in the future.&nbsp; “That made no sense to me then, but, after all these decades, I now see clearly how the structural design of the chariot, adopted early on by our ancestors is full of earthquake-resilient properties that need to be applied in building houses in an earthquake-prone zone like Nepal,” says Manandhar. A highlight of the chariot festival is that human goddess Kumari makes an appearance at the final destination in Lagan, usually on the third day. This is only one of the 13 times that people get to see the Kumari outside her temple abode.  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20240418130432_08aa39f3f004a212b33c60a2840d6013110de15dd34a0288f699dd5fda8957ab.jpg" data-media-id="editor_6" data-image-id="20240418130432_08aa39f3f004a212b33c60a2840d6013110de15dd34a0288f699dd5fda8957ab" data-rendition-name="original" width="2500" height="1667" loading="lazy" alt="Seto Machhindranath"> </figure>  On the last day of the festival (Saturday), the image of lord Karunāmaya is carried on a palanquin by priests from Janabahā in a gala procession and brought back to his permanent residence at the temple in Kel Tol.&nbsp; The chariot festival is thought to have started during the reign of King Pratap Malla of Kantipur in the 17th century CE. For close to four centuries, the construction of the chariot and its operation has proven to be a phenomenal engineering feat, and the people’s faith in divinity means the tradition is alive.&nbsp; The essence of the colourful rituals and the religious beliefs of this ancient chariot festival is now all but lost. The logic, technology and practicality must be brought back to light, as they reflect the high civilisation and wisdom of our ancestors that we can leverage in modern times and into the future. &nbsp; Alok Tuladhar is a culture and heritage documentarian.

Kathmandu’s gravity-defying chariot festival

In the run-up to the third Nepal Investment Summit this weekend, there have been seminars, conferences and workshops where the discourse has revolved around the economy and the investment climate.
The consensus that Nepal needs foreign direct investments (FDI) to grow was repeated, and the familiar litany of reasons about why it has not been able to was discussed.&nbsp;
Policy advocates and regulators have understood that the lack of urgency is compounded by procedural inconsistencies, on top of the already deficient investment environment in the country.
It is a welcome change from what used to be flippantly accepting matters as given. There now seems to be a sense of urgency, with procedural inconsistencies and lack of harmonisation between various Acts and regulations openly discussed.&nbsp;
Government stakeholders also appear more willing to learn and attempt to be part of the solution. Whatever policy changes have been introduced in the past have been piecemeal and address the few rather than the entire industry. This left dual regulatory approaches aimed at similar players.&nbsp;
Read also: <a href="https://nepalitimes.com/opinion/killing-investment-in-nepal-in-10-easy-steps">Killing investment in Nepal in 10 easy steps</a>, Dibesh Karmacharya
This time, unlike in the past two Summits, the government seems to be committed to amending 9 Acts, a positive step towards showing commitment to change. However, the deadline to do so during the winter session of Parliament is over. The option mooted has been to have it passed through ordinance, a lesser appealing step; albeit, a positive one moving forward.&nbsp;
To attract FDI in a competitive global market means that Nepal has to demonstrate that it is serious about bringing in investments with a more consultative and collaborative approach with investors. A departure from procedural to a result-oriented focus is needed.&nbsp;
To put issues in perspective, Nepal needs US$20 billion in investments to meet the UN’s Sustainable Development Goals (SDG) targets by 2030. If net-zero decarbonisation targets are to be met by 2045, another US$7 billion will be required annually.&nbsp;
Looking at our investment history and poor government capital expenditure, the gap is long and wide. In fiscal year 2022-23 Nepal booked a lamentable ~$59 million in FDI (equity). Nepal is in fact the lowest market in South Asia for FDI with 0.3% of the regional average.&nbsp;
What is it that we can do to fill the gap?&nbsp;
First, we need to move away from the notion that Nepal only needs large investments. This has proven to be a mistake, and time series data have proven that smaller investments, in aggregate, make a larger impact on economies.&nbsp;
Read also: <a href="https://nepalitimes.com/news/poor-cash-rich-nepal">Poor cash-rich Nepal</a>, Sonia Awale
We talk about an ‘enabling environment’ but without the right tools. We place restrictions on interest on debt ceiling (SOFR +5.5), without risk premium adjustments, we do not have an active secondary market for bond trading, nor do we have a yield curve, an integral part of the bond market, which is inhibiting us from tapping into the trillion dollar green bond market.&nbsp;
In order to attract green financing, Nepal needs to develop its bond market. Sovereign risk rating has been mooted and was expected to be operationalised before the Investment Summit.&nbsp;
However, to be rated in an adverse economic environment could further deteriorate investment potential due to a lesser-than-expected rating.&nbsp;
Hedging is another instrument that needs further research on. A commercial bank last year showcased the first risk-hedging mechanism for an investment of $8 million. This can be the beginning to expand on its modality. &nbsp;
Subordinated debt instruments have been introduced, but on a special nod basis, this now needs to be institutionalised as it is the most applicable form of investment after equity in a market that has volatile forex reserves.&nbsp;
Read also: <a href="https://nepalitimes.com/editorial/invest-in-investment">Invest in investment</a>, Nepali Times
Viability Gap Funding has been introduced by multilateral development agencies implemented in solar installations. It is a tool to incentivise the private sector to invest in projects that are not financially lucrative initially, but have potential for profitability in the long run. This needs to be scaled up and replicated in sectors like infrastructure, where returns may not be immediate.
Moving forward, to attract FDI, Nepal needs to tap into the funds that are available for the growth of small and medium enterprises (SMEs) and climate change. Alternative investments such as Private Equity Venture Capital (PEVC) have been around in a structured manner in Nepal for nearly a decade now.
These funds have blended finance components and have attracted climate funding as well. PEVC is a new asset class and can address the issues of penetrating into SME financing by incorporating environment, social and governance issues into their investment process.&nbsp;
SMEs are the backbone of any economy, PEVC comes with the ability not only to scale up the enterprise with risk capital, but with the ability to bring technical knowhow to enhance not only the enterprise but also the entrepreneur.&nbsp;
Read also: <a href="https://nepalitimes.com/opinion/success-in-nepal-means-not-having-to-work">Success in Nepal means not having to work</a>, Anil Chitrakar
A differentiator from all other forms of financing available till date in Nepal. Blended finance is a way of de-risking investments, especially in frontier markets. Business Oxygen (BO2) is an example of blended finance with subordinated debt investments of IFC (World Bank Group) taking the lead and Climate Investment Funds along with FCDO as co-investors.&nbsp;
On a larger scale, the 216MW Upper Trisuli 1 is another example of blended finance with IFC, a Korean consortium and local investments. So far, we see that development finance Institutions have been taking the lead in Nepal as their risk appetite is greater than commercial investors and they are eager to help develop the financial markets.&nbsp;
In order to be sustainable, we need to step on this and attract commercial capital from all over the world. To do this there has to be political will to make that pivot.&nbsp;
Instead of being a means to an end, the two previous Investment Summits turned out to be intermittent and cosmetic, providing hardly any results. The third one’s success will depend on how the event will be implemented as a platform for continuous marketing for the country and facilitation for investors in future.&nbsp;
Nepal has outdone many countries in its macro-economic indicators, with sound forex reserves and a stellar history of debt payments to its creditors. This story needs to be propagated along with the drive for change to attract potential investors.
Read also: <a href="https://nepalitimes.com/opinion/comment/alternative-investments-to-attract-fdi">Alternative investments to attract FDI</a>, Siddhant Raj Pandey

prime-minister

Think globally in Glasgow, and act locally

‘Putsch Ek’

‘Putsch Ek’

Push and pull of Nepali politics

THE OLIGARCHY

Power plays

Nepal is turning into a nation of hybrid identities

Oli's 1st year

Communist internationalism

The co-pilot's flight plan

The return of the natives

The rise of high-rises

Kathmandu’s gravity-defying chariot festival

Nepal looks at alternative investments