Author: Himalaya Post

Ex-Gurkha servicemen submit memo to UK PM Johnson

Posted by | May 5, 2021 | ,

London- British Gurkha Satyagraha has submitted a memorandum to Prime Minister of the United Kingdom Boris Johnson on Tuesday reminding the UK government to address their demands. The memorandum has asked for the formation of a talk committee between the Government of Nepal and UK, fixing a venue for a dialogue and initiating talks to address their demands the ex-Gurkha servicemen has been putting forth for long including parity in the pension and other perks and facilities with their British counterparts. It has been three years since a joint technical report involving representatives from the Government of the UK and Nepal and Gurkha organizations, but their demands have yet to be addressed, said the Campaign coordinator Krishna Kumar Rai. The ex-Gurkha servicemen have warned of launching a hunger strike from July 1 if their demands are not met. ‘We have been waiting for three years for our demands addressed. In between, many ex-Gurkha servicemen have died. We are also ready to die. Now we cannot wait longer. Many ex-Gurkha servicemen want to return to Nepal when they get equal rights,’  the Campaign director Gyan Raj Rai....

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Govt to provide grants to families of monsoon-induced disasters

Posted by | May 4, 2021 | , ,

Kathmandu : In a first-of-its kind practice, the government of Nepal is all set to provide cash grant to the families affected by the monsoon-induced disasters for their rehabilitation. Government formulated a procedure for the same and has already allocated Rs 200 million to the National Disaster Risk Reduction and Management Authority, informed Authority’s Chief Executive Anil Pokharel. Pokharel shared that initially, 247 households in Myagdi district whose houses were rendered inhabitable by various monsoon-induced natural disasters will be provided the grant. The grant shall be provided in three installments and shall be used for reconstruction of houses. The District Disaster Management Committee should decide and demand for the grant for the victims, according to the Authority. It is estimated that over 3,000 affected households meet the criteria to receive the grant assistance. The Authority recorded that over 6,000 households were adversely affected by the flood, landslide and inundation among others in the past. The monsoon in 2020 had recorded the highest loss of lives and properties. Sindhupalchowk, Baglung, Dolakha, Accham, Kalikot, Nuwakot, Jajarkot, Darchula, Bajhang, Dang, Gorkha, Makawanpur, Tanahu, Arkhakhanchi, Synagja, Rasuwa, Dhankuta, Sankhuwasabha, Gulmi, Morang were among the districts that incurred a massive loss of lives and properties due to monsoon-induced disasters. According to the procedure, the beneficiaries will receive a total of Rs 50,000 in grant in the first and second installment for the construction of...

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Nepal Super League: Biratnagar City FC beats Chitwan FC 2-0

Posted by | May 4, 2021 | ,

Biratnaga – Biratnagar City FC has defeated Chitwan FC 2-0 at the match being held under the Nepal Super League a Dasarath Stadium in Kathmandu on Monday. With the latest victory, Biratnagar City FC has reached the top position with seven points. Although the Biratnagar City FC was aggressive in the first half, it could not score any goal. Foreigner footballer Pendro Manji scored maiden goal for the Biratnagar City FC in the 73rd minute of the match followed by Santosh Tamang in the 89th minute. Biratnagar City FC, in four matches played under the Nepal Super League, clinched its top position with seven points while Chitwan FC remains at the bottom in the League with two points....

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Capital expenditure and its impact in economy 

Posted by | May 3, 2021 | ,

Raju Raya There has been a long debate around ability of capital expenditure to boost long term growth within Nepalese economy. Capital expenditure is expected to achieve the economic growth through a multiplier effect. A lack of capital expenditure is often criticized as neglecting long term targets of economic growth and employment. The creation of capital assets will generate future cash flows for the economy and adds to value creation. As capital expenditure work through multiplier effect it creates effect through expansion of ancillary industries and services and job creation. It also facilitates labour productivity.  Thus, capital expenditure is an effective tool for countercyclical fiscal policy and acts as a macroeconomic stabilizer. Concerns                 The multiplier effect will not take account as people hold idle cash out of fear of unforeseen expenses and survival paramountcy during possible future lockdowns. Inflation induced price rise in food and health also affect the multiplier effect as household would tend to spend much in consumption items. Also, capital expenditure funded by government through heavy domestic borrowing has potential of crowding out capital expenditure by the private sector. During the first wave of Covid-19 a nationwide lockdown, implemented during March –July 2020 impacted economic activity in the last four months of FY20. As a result, output contracted by an estimated 1.9 percent in FY20. Wholesale and retail trade, tourism, transport, and associated services such...

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Prime Minister Narendra Modi’s address at the Climate Summit

Posted by | Apr 23, 2021 | ,

India- Indian Prime Minister Narendra Modi has addressed the Climate Summit. In his address, the he called on all to take this decade forward as a climate change mitigation oriented decade. Pointing out the need for the entire human community to take concrete steps to meet the challenge of climate change, Modi said India was working towards that and aimed to generate 450 gigawatts of renewable energy by 2030. He also said that, India has taken bold steps in the areas of clean energy, energy efficiency, tree planting and biodiversity. Prime Minister Modi has encouraged global efforts such as the International Solar Alliance. On the occasion, Prime Minister Modi and US President Joe Widen also inaugurated the ‘India-US Climate and Clean Energy Agenda 2030 Partnership’. Stating that the partnership aims to make technology clean and environmentally friendly by mobilizing investment, he said, ‘India’s per capita carbon footprint is less than 60 per cent due to the sustainable and traditional lifestyles we have been pursuing for centuries.’ They have even urged everyone to follow the principle of back to...

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