Clash Of Superpowers

Anglo-Irish statesman Edmund Burke, in the 18th century, made that statement of timeless value: “The only thing for evil to flourish is for good men to do nothing.” That observation comes into sharp focus these days when big powers are engaged in hyper rivalry with highly potential ramifications. Scratch the surface and the simmering causes of clash between the major powers ooze from various quarters reiterating what has become transparent in the past five years. Unbridled acceleration in this...

Saving Himalayas From Global Warming

It is obvious that nature can't speak. It, however, reacts. The magnitude of its reaction largely depends on how severely it has been exploited. For instance, Sagarmatha (Mt. Everest) is melting fast. A recent study published in the Nature Portfolio Journal Climate and Atmospheric Science states South Col glacier, one of the sunniest spots on the earth, has turned from snowpack to ice, resulting in rapid melting and increased sublimation. It has lost its ability to reflect solar radiation. An assessment...

Zambia’s Emerald Mining

Zambia is the world’s second-largest producer of emeralds, after Colombia. It is also home to the world’s largest emerald mine – Kagem, located in the southern part of Zambia’s copper belt and majority-owned by UK-based Gemfields. The Kagem mine accounts for 25 per cent of global production of the green gemstone.

Govt to regulate cryptocurrency trade

Cryptocurrency has been declared illegal in Nepal by the government. However, the increasing global involvement in the digital currency sector has led several Nepalis to invest in and earn through it as well. However, the government has no data on cryptocurrency users as such transactions are secure and the country doesn’t have digital infrastructures to track them. Secure communication technique called cryptography is used in cryptocurrency transactions. The digital currency is produced through...

Physical classes in all academic institutions from today

The Centre for Education and Human Resource Development (CEHRD) has requested all local governments across the country to reopen all academic institutions in physical presence of teachers and students from coming Sunday.

Experts stress swift ratification of MCC

Representatives from different sectors expressed their views that the US grant project, Millennium Challenge Corporation’s Nepal Compact, should be ratified without delay. Speaking at a discussion about facts and the necessity of MCC on Saturday, they urged the government and concerned authorities to put the facts before the people because they believed that the information currently being disseminated to the people is neither factual nor accurate.

‘Liquidity crunch needs permanent solution’

Banking sector in Nepal has been experiencing a liquidity shortage for the past few months. All BFIs have been unable to provide loans to individuals and businesses in lack of cash flow. Again, the inflow of remittance has been declining and has been poor. Foreign currency reserves have declined significantly and Balance of Payment (BoP) has been in deficit. Nepali economy is facing these challenges at a time when efforts are imperative to revive it from the impact of the COVID-19 pandemic. In this...

Net profit of NT increases by 18.49%

Net profit of Nepal Telecom (NT) has increased by 18.49 per cent during the second quarter of the current fiscal year 2021/22 compared to the same period a year ago. The company has earned a net profit of Rs. 3.89 billion during the first six months of the current fiscal year while it had earned a net profit of Rs. 3.28 billion during the first six months of last fiscal year 2020/21. According to a press statement of NT, the total revenue from the services of the company has increased by 6.87 per...

New int'l airports must ensure stronger security

Tribhuvan International Airport (TIA), the sole international airport of Nepal, is expected to get a relief as two new international airports are nearing completion. The Gautam Buddha International Airport (GBIA) in Rupandehi district in Lumbini Province and the Pokhara Regional International Airport (PRIA) in Kaski district in Gandaki Province are expected to reduce crowding at the TIA.

NEA's arrears in Bhairahawa total Rs. 820 million

Nepal Electricity Authority (NEA), the only power provider in the nation, has Rs. 820 million arrears among consumers under Bhairahawa distribution centre. Despite several initiatives it has been unable to collect the amount from the market.