The impeachment motion registered against Chief Justice (CJ) Cholendra Shumsher Rana has now been advanced to the recommendation committee for thorough deliberations. The House of Representatives (HoR) on Sunday forwarded the motion to its 11-member impeachment committee. The parliament endorsed a proposal with majority votes to forward it to the committee. Before passing that proposal, the Lower House of federal parliament discussed the matter, with lawmakers from both the five-party ruling alliance as well as the opposi
With the introduction of Nepal Rastra Bank’s acquisition and merger policy, banks and financial institutions (BFIs) have been merging with each other, instilling a new confidence in the financial sector of the country. As the merger consolidates the financial position of banks, they contribute to form capital and spur growth. Banks accumulate savings of public and supply this amount to run business and industries in the form of loans. Investment in the productive sector helps generate jobs for the unemployed and tax for the government. In this economic cycle, the financial sector needs to be strong and stable. If the banks face problem of liquidity and fall short of money to lend to individuals and commercial entities, the national economy will also feel the heat. Increase in the number of BFIs is not bad as long as they sustain well and are able to maintain stability.
Elections for the federal and provincial legislatures will take place across the country on November 20. The five-party coalition government last Thursday made a decision to this effect. Nearly every political party, including the main opposition and others, praised the government's declaration. Shortly after the government announcement, the National Election Commission (EC) stated that it would concentrate on all election-related preparations to hold the elections for the federal and provincial legislatures on the specified date in a single phase. The EC urged the government to give it the funds it needs as well as the essential logistics and security equipment to allow it to conduct elections in a free and fair manner in about four months.
Since corruption weakens democracy and impedes the entire economic development process, it is essential for every nation to tackle this social evil once and for all. Corruption is an abuse of delegated power and authority for private gain. Public bodies and institutions lose people’s trust when their activities are not transparent. Those holding public positions are supposed to carry out their responsibilities in an accountable manner. But many public officials are not found abiding by the principle of accountability in the course of performing their duties. Integrity, rule of law, moral-based decision-making and participation are other key values of good governance. When corruption thrives in any society, it leads to inequality, mass frustration, social divisions and a host of other problems. Bearing all this in view, the Constitution of Nepal, 2015 envisions the rule of law, transparency and accountability which are inalienable elements of good governance.
The five-party alliance government, led by Prime Minister Sher Bahadur Deuba, has been successful in providing political stability and put new leadership in the local bodies. Created in a difficult circumstance, the government has completed one year in office. Now it stands to accomplish two vital tasks – implementation of ambitious budget for the fiscal year 2022/23 and hold the federal and provincial polls in a fair and fearless atmosphere.
The cases of COVID-19 infection have been rising day by day since mid-July. Fatalities have also started appearing though they are limited within a few people each day. About two persons are dying of the virus every day on average. In the last two weeks, at least 16 people have succumbed to the dead virus.
With a considerable population growth and rapid but unplanned urbanisation, the Kathmandu Valley has been facing diverse challenges ranging from managing sewerage systems and river and air pollution to delivering clean drinking water to citizens. In Kathmandu alone, many sewerages that were constructed without considering the environmental aspect properly are often found not functioning well, causing critical level of pollution. It is essential for the responsible authorities to have an effecti
Driven by the digital technology and economic globalisation, the world has increasingly become interdependent. Despite different cultures, nationalities, ecology and socio-political systems, the nations have deepened their interactions and relations to their harmonious coexistence and mutual wellbeing.
The number of top carnivores in the country has doubled in a decade, evoking compliments and praises for our authorities for their impressive conservation efforts. That the number of Royal Bengal Tigers went up from 121 in 2010 to 355 in 2022 is not a mean feat. Such an emphatic outcome can be achieved through a careful implementation of conservation programmes that included effective preservation of the tiger habitats, stopping poaching, killing and accidental death of the beautiful animals. It is indeed heartening to see the significant rise in the number of Royal Bengal Tigers in Nepal, of which the number had decreased until 2010, raising the fear that the species would be wiped out from the country. The conservation efforts from the concerned national and international organisations as well as various individuals and, most importantly, the Nepali Army, paid off as the tiger population has now been brought back on track.
The COVID-19 pandemic has had its impact on every sector of human life. The global tentacles of the virus left no country untouched. The education sector was not free from the pervasive effects of this public health crisis. The impact is visible if we compare the results of academic examinations both at the school and college levels. The results of the Secondary Education Examinations (SEE) of the year 2078 BS have dropped in the percentage of students obtaining the highest GPA as compared to the previous years when the entire world was in the grip of COVID-19.
The ongoing economic crisis roiling many countries has been largely attributed to their import-based economy. The countries whose import dominates the export trade have to spend a lion's share of their foreign reserves to buy fuel, food, medicines, and even luxurious items. During the crisis period such as the pandemic and war, the nations have hard time owing to disruption in supply chain and production. Sri Lankan economy went bankrupt because it lacked foreign currencies to procure fuel, food and medicines.
The World Health Organisation has declared global emergency of monkeypox amid rising infection of the viral zoonosis. Though this disease is not as infectious and fatal as the coronavirus, the WHO has rightly called for preventive and precautionary measures to curb possible spread going out of control. It
In its effort to revive the COVID-battered tourism industry, the Ministry of Culture, Tourism and Civil Aviation (MoCTCA) has come up with a fresh tourism recovery plan. With the introduction of the 73-point ‘Nepal Tourism Sector Resurgence Action Plan-2079’, the ministry aims to recover the travel business. The government is also preparing to organise a decade-long Visit Nepal Campaign from 2023-33. With this ambitious plan, it seeks to give a boost to the ailing tourism sector. It is needl