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Concerned Nepali Citizens Urge Indian Government Accountability Amidst Ongoing Manipur Violence

Posted on by SAT News Desk

KATHMANDU, August 2, 2023: A group of prominent Nepali rights activists and civil society leaders have expressed deep concern over the continuous violence in Manipur, a constituent state of India. The group, including individuals such as Meena Acharya, Renu Adhikari, Kundan Aryal, Raju Chapagain, Purnashova Chitrakar, Kanak Mani Dixit, Chandrakishore Jha, Sushil Pyakurel, and Dinesh Tripathi, has called for urgent democratic intervention to address the escalating situation.

The violence in Manipur has persisted for three months, resulting in over 180 fatalities, numerous injuries, and significant damage to property and infrastructure. The conflict involves clashes between the majority Meitei and minority Kuki communities.

In their statement, the concerned citizens pointed out the apparent lack of accountability on the part of the Indian government, both at the state and central levels, in protecting human rights, maintaining law and order, and facilitating mediation efforts to resolve the conflict.

The group also acknowledged the diverse and multi-ethnic nature of South Asian countries, emphasizing the importance of protecting minority rights as a fundamental pillar of democracy. They condemned the manipulation of communal divisions and the use of armed forces for political interests, which they believe further exacerbates tensions.

Moreover, the group recognized the challenges faced by frontier areas like Manipur, which have experienced an influx of refugees following the coup in Myanmar. They advocated for authentic federalism across South Asian countries as a means to ensure better representation and accountability.

The Nepali citizens also expressed distress over the weakening of the Indian polity due to populist governance that exploits ethno-religious sentiments for votes, potentially endangering the country’s social fabric. They urged India’s state mechanisms and civil society to take proactive measures to address the situation in Manipur and hold those responsible for the violence accountable.

Additionally, the group highlighted the concerning role of media and social media in polarizing societies across South Asia and inciting violence. They called upon all citizens to be vigilant and responsible in sharing information, particularly on social media platforms, to prevent the spread of false news and inflammatory content.

The statement, signed by the group’s members, aims to bring attention to the critical situation in Manipur and emphasizes the importance of collective efforts in ensuring peace, stability, and accountability in the region.

Nepal to host Asia Rugby U20 Sevens

Posted on by SAT News Desk

Karhmandu — Nepal is hosting the Asia Rugby U20 Men’s and Women’s Sevens from August 19-20. 

Asia Rugby is organizing the tournament and Nepal Rugby Association (NRA) is managing the tournament. Organising a press meet in Kathmandu on Wednesday, NRA informed that the event will be hosted at Dasharath Stadium.  Seven countries are participating in men’s category, and three countries are vying in women’s section, The Rising Nepal reports.

Nepal, India, Thailand, Chinese Taipei, Hong Kong and Uzbekistan will take part in men’s category while Nepal, Thailand and Malaysia will compete in women’s category, said the NRA General Secretary Govinda Ghimire.

This is the second time Nepal is hosting international rugby tournament. Nepal hosted Asia Rugby U-18 Sevens last year. 

Winning team will bag the Asia rugby trophy. The budget for the event is estimated around Rs 7.2 million. The winner of the tournament will lift the Asia Rugby Trophy. 

Nepali national men’s and women’s U20 teams are training in closed camp in Pokhara since June 30.  

NRA said that Sri Lankan Coach Bijelath Sen is coaching the team. “The training is very effective and the team will get good results,” said Ghimire.  

Nepal Issues Warning on Nepalis Joining Russian Security Group Wagner

Posted on by SAT News Desk

KATHMANDU: The Ministry of Foreign Affairs of Nepal has responded to recent reports of Nepalese individuals enlisting in Wagner, a Russian security group known for recruiting mercenaries. Videos of these enlistments have emerged on various social media platforms, sparking concerns among authorities.

In light of this development, the Foreign Ministry issued a warning, highlighting the potential dangers and difficulties that individuals may face if they engage in such activities. The ministry urges all citizens to exercise caution and be mindful of the risks associated with involvement in foreign military activities. Additionally, it emphasized the challenges that may arise during any potential rescue operations in the event of unforeseen circumstances.

In a statement released on Tuesday, the ministry clarified the government’s stance on the matter. While the Nepalese government has traditionally allowed citizens to join the national armies of certain friendly countries under established agreements, there is no policy permitting Nepali citizens to enlist in other foreign armies.

“The government of Nepal explicitly states that it does not have a policy in place to authorize Nepali citizens to join foreign armies, except for instances where Nepali citizens are recruited into the national armies of some friendly countries based on established agreements,” stated the Ministry of Foreign Affairs. It further emphasized that citizens are strongly discouraged from seeking employment in security-related roles in conflict-ridden nations.

The surfacing of videos on platforms such as Telegram, Twitter, TikTok, and Facebook has raised concerns about the implications and safety of Nepalese citizens engaging in such activities. The ministry’s warning aims to alert the public to potential risks and to discourage participation in foreign military endeavors.

The Ministry of Foreign Affairs also highlighted the importance of abiding by national laws and regulations, especially when it comes to activities that may have serious consequences for individuals involved. As the situation unfolds, the Nepalese government remains vigilant in addressing and clarifying its position on this matter to safeguard its citizens’ well-being and security.

Asia’s Entrepreneurial Surge: Driving Economic Growth Amidst Challenges and Opportunities

Posted on by SAT News Desk

Asia is standing at a defining moment, with its economic prospects looking brighter than ever. The region is poised to become the world’s most economically dynamic area in 2023, with countries capitalizing on their competitive edge to foster entrepreneurship and drive national growth.

According to the Shopify Entrepreneurship Index, which measures the contributions of entrepreneurs to job creation, exports, and GDP in 40 countries, Australia, Japan, China, and Hong Kong have emerged as key players, ranking among the top 10 in terms of business activity impact from entrepreneurs.

The International Monetary Fund predicts that Asia will contribute over 70% of global growth this year, surpassing the U.S. and Europe in e-commerce sales, with total sales projected to top $2 trillion. However, this growth story is not without its challenges.

Underinvestment in export strategies and digital infrastructure, along with negative cultural attitudes toward entrepreneurship, are holding back some Asian countries from fully realizing their entrepreneurial potential. Initiatives like India’s “Make In India” are showing promise, fostering exports and helping Indian entrepreneurs take their brands overseas.

To drive entrepreneurship further, Asia needs to focus on reviving exports and invest in digital infrastructure, particularly in rural areas. Digital connectivity is crucial for economic transformation, and it can also improve access to education, healthcare, and e-commerce for dispersed populations.

Culture plays a pivotal role in promoting entrepreneurship, influencing core values around innovation and risk-taking. Progress has been made through government investment in entrepreneurial training initiatives, but this task requires a collective effort from governments, companies, and communities to change perceptions and encourage new generations to embrace entrepreneurship.

The landscape for entrepreneurship is evolving, with countries like Japan, Australia, and Singapore emerging as power players. Japan’s pro-business policies and focus on cross-border opportunities have resulted in remarkable growth for its entrepreneurs. In Australia, the government’s proposed tax incentives for small businesses and ongoing investment in startup grants and entrepreneurship programs are strengthening the nation’s economy.

Singapore’s entrepreneur-friendly approach, exemplified by its efficient online business registration system, has made it one of the best places to launch a business. By focusing on education, connectivity, and pro-business initiatives, Southeast Asian nations are nurturing a new generation of entrepreneurs.

Collaboration among governments, businesses, and communities is vital to achieving these goals. Simplifying and streamlining regulations and paperwork can ease the burden for entrepreneurs, allowing them to focus on innovation and growth.

Asia’s future as an economic powerhouse lies in its ability to foster entrepreneurship and address challenges. By embracing innovation, investing in digital infrastructure, and promoting a culture of entrepreneurship, Asia can solidify its position on the global stage and continue to drive economic growth for years to come.

Climate Change Impacts Traditional Farming in Nepal: Drought and Pests Ravage Maize Crops

Posted on by SAT News Desk

Kathmandu — Climate change is taking a toll on Nepal’s traditional farming system, with devastating consequences for farmers heavily dependent on rainwater due to the lack of irrigation systems. In a recent incident, around 170 hectares of maize crops in Arun Rural Municipality, located in Bhojpur district, have been severely damaged by drought.

The drought affected crops in Jarayotar of Ward No. 6 and Sikretar of Ward No. 7 of the rural municipality, which is a major source of livelihood for many villagers. The dry spell occurred during the monsoon season (June-July), causing the maize plants to wither in the fields due to a severe shortage of water.

Local farmers, like Narayan Thapa, expressed their devastation as they visited their fields only to find dried-up maize plants. “I produced around 20 to 30 muris (80 kilograms each) of maize in my fields annually. However, this season, the plants have dried up,” Thapa lamented.

The drought not only affects farmers’ food production but also poses a threat to their cattle as well. To address the situation, authorities from Arun Rural Municipality’s agriculture section have initiated discussions with provincial and federal authorities to provide compensation to the affected farmers.

In addition to the drought, farmers in Yaku village, Ward No. 5 of Arun, are facing further distress due to pest infestations. Approximately 75% of farmers in Yaku have reported pest damage, primarily caused by pests such as blast and gamarra. In response, the Bhojpur-based Agriculture Knowledge Centre plans to provide pesticides to affected farmers as a preventive measure.

The ward chairpersons of the affected areas have emphasized the need for support from higher authorities to prevent similar damages in the future and offer compensation to the farmers. Binita Dhakal, deputy chairperson of Arun Rural Municipality, asserted that effective preventive measures could be of great help in addressing the issues at hand.

Amidst the challenges, the rural municipality is actively inspecting the damage to prepare a comprehensive report seeking necessary compensation. The region has faced several environmental challenges in the past, including landslides, floods, and outbreaks of diseases like lumpy skin disease, further exacerbating the situation for farmers.

To mitigate such damages in the future, stakeholders are advocating for the construction of lift water projects, canals, and ponds to ensure proper irrigation facilities throughout the local level. These initiatives can help strengthen the resilience of the agricultural sector against the impacts of climate change and create a sustainable farming system in the face of evolving environmental challenges.

EU Enacts Landmark Law on Mandatory Due Diligence and Traceable Supply Chains to Address Human Rights and Environmental Concerns

Posted on by SAT News Desk

London — The European Union (EU) has recently passed a groundbreaking law that mandates companies operating within its jurisdiction to take responsibility for their impact on human rights and the environment. The new law requires businesses to “end or mitigate the negative impact of their activities on human rights and the environment such as on child labor, slavery, labor exploitation, pollution, environmental degradation, and biodiversity loss.”

This legislation is set to become a landmark for mandatory due diligence and traceable supply chains globally, prompting companies worldwide to reevaluate their sourcing practices to ensure they are free of social and environmental risks. Companies found to be non-compliant could face significant consequences.

The European Parliament’s approval of the law has been hailed as a turning point in corporate responsibility by Lara Wolters, a member of Parliament. She stated, “The future lies with companies that treat people and the environment in a healthy way — not with companies that have made a revenue model out of environmental damage and exploitation.”

One exemplar of a company adhering to sustainability principles from its inception is Tengri, a luxury textile and apparel brand founded by impact entrepreneur Nancy Johnston. Tengri imports fibers from yaks, camels, and sheep from Mongolia’s Khangai region to the United Kingdom, and its products have been embraced by well-known brands.

Johnston’s approach to sustainability goes beyond creating a product; she built a regeneratively designed business that supports indigenous communities and the environment. By forging direct relationships with impoverished rural farming communities, Tengri created a new supply chain that not only benefits the local communities but also guarantees the quality and ethical sourcing of its products.

The company maintains a level of supply chain visibility that is rare in the apparel sector, allowing it to trace fibers back to individual families and even specific animals. This enables Tengri to ensure fair prices for fibers while maintaining high-quality standards year after year, despite the natural variation in fibers.

Tengri is not alone in its pursuit of transparent and ethical supply chains. Other brands, such as Fair Trade Cashmere, Rebbl, and Dignity Coconuts, also embrace sustainability and traceability. These examples illustrate how businesses can create genuine, equal partnerships with raw material producers, ultimately benefiting both the brand and the communities involved.

As more laws like the EU’s are being considered worldwide, the future of supply chains appears to be heading toward a more conscious and inclusive approach. Companies that prioritize sustainable practices and ethical sourcing will not only comply with regulatory requirements but also contribute to positive environmental and social impacts, transforming the business landscape for the better.

Microsoft Appoints Puneet Chandok as Corporate Vice President for India and South Asia

Posted on by SAT News Desk

New Delhi — Microsoft Corporation has announced the appointment of Puneet Chandok as the corporate vice president of its India and South Asia division, effective September 1. Chandok, previously leading Amazon.com Inc’s cloud division AWS for India and South Asia, will now spearhead Microsoft’s business integration efforts across the region.

In a statement, Chandok expressed his belief in the relevance of Microsoft’s mission as India expands its digital public infrastructure. This appointment comes as Microsoft aims to strengthen its position in the cloud technology market and increase its investments in India, which has emerged as a prominent global innovation hub.

As the corporate vice president for India and South Asia, Chandok will be responsible for overseeing Microsoft’s operations in various countries, including Bangladesh, Bhutan, Maldives, Nepal, and Sri Lanka. His experience in leading AWS’s business in the region is expected to bring valuable insights to Microsoft’s growth strategy.

The technology company’s move highlights its commitment to tapping into the immense potential of the South Asian market and leveraging the region’s digital transformation. With Puneet Chandok at the helm, Microsoft looks forward to further solidifying its presence and driving innovation in India and its neighboring countries.

World Breastfeeding Week 2023 Commences in Nepal with a Focus on Balancing Work and Breastfeeding

Posted on by SAT News Desk

The World Breastfeeding Week (BFW) 2023 has kicked off in Nepal today, in sync with the global commemoration of the 1990 Innocenti Declaration. This year’s theme is “Let’s make breastfeeding and work, work!” With a major focus on supporting working mothers, the Ministry of Health and Population emphasizes the collective responsibility of creating a breastfeeding-friendly work environment.

Breastfeeding plays a crucial role in providing essential nutrients to newborns, and infants are recommended to be breastfed within one hour of birth. However, the Demographic and Health Survey 2022 reveals that only 55 percent of children in Nepal receive their mother’s milk within the first hour of birth, showing room for improvement.

Six out of ten infants are exclusively breastfed during the first two days of life, indicating a decline in regular breastfeeding practices among new mothers. Dr. Shree Prasad Adhikari, the director of Paropakar Maternity and Women’s Hospital, attributes this decline to a lack of breastfeeding facilities at workplaces, making it challenging for working women to continue breastfeeding.

Another factor contributing to the decrease in breastfeeding practices is the increasing use of formula milk. To combat this trend, Dr. Kalpana Upadhyay Subedi, a hospital child specialist, stresses the importance of increasing public awareness and ensuring breastfeeding rooms in all working stations.

Breast milk contains colostrum, a highly nutritious substance that protects newborns from diseases, making breastfeeding essential for both the mother’s and the child’s health. Medically, it is recommended to introduce complementary feeding only after six months of age, and extended breastfeeding is advised until the child reaches two years of age.

As the World Breastfeeding Week unfolds, it serves as a timely reminder to society and employers to promote and support breastfeeding among working mothers, recognizing its significant benefits for maternal and child health.

New Research Reveals Stark Ethnic Wealth Disparities in Britain

Posted on by SAT News Desk

A new research study based on data from Understanding Society: The UK Household Longitudinal Study and supported by the LSE International Inequalities Institute has shed light on the significant wealth disparities among ethnic groups in Britain.

The study found that individuals from Bangladeshi, black Caribbean, or black African backgrounds have no significant level of household net worth when compared to their white British counterparts, who boast a typical household net worth of £140,000.

Interestingly, British Indians stand out as an exception, with a typical household net worth of £160,000. However, overall, ethnic minority groups in Britain, across all levels of wealth, are substantially less well-off than white Britons, according to the report.

Delving deeper into the numbers, the wealthiest five percent of white Britons have a staggering £893,000 or more in household wealth, nearly three times higher than the wealthiest five percent of people from black African backgrounds, whose household wealth averages £304,000.

On the other end of the spectrum, 31 percent, 38 percent, and 44 percent of people from black Caribbean, Bangladeshi, and black African backgrounds respectively find themselves in net debt. Comparatively, 15 percent of the white British population and 11 percent of people with Indian heritage are in net debt.

The study identifies factors contributing to the wealth gap between ethnic groups at different wealth levels. For those at the richest and poorest ends of the scale, differences in net financial wealth play a significant role. However, for individuals in the middle, differences in net housing wealth account for the largest share of the ethnic wealth gap.

Eleni Karagiannaki, an Assistant Professorial Research Fellow at the Centre for Analysis of Social Exclusion (CASE) at LSE, highlighted that background characteristics such as income, age, and class explain the ethnic wealth gap for the least wealthy individuals, rather than factors related to saving habits or debt management.

Interestingly, while background characteristics explain a large portion of ethnic gaps in net financial wealth for middle and low-end wealth groups, they fail to explain ethnic disparities in housing wealth at any level of the housing wealth scale. This indicates that ethnic minority groups may face unseen disadvantages, resulting in substantially lower housing wealth compared to white Britons. Possible contributing factors include differential access to mortgage financing, restrictions and discrimination in the social housing and private renting sectors, as well as ethnic differences in the likelihood of receiving inheritances or financial support from family for house purchase.

The study represents a crucial step in understanding the scale and causes of ethnic disparities in wealth across various levels of net worth in Britain, shedding light on areas that require targeted attention to address these inequalities.

India and Britain Close to Signing Free Trade Agreement, Aims to Boost Economic Growth and Jobs

Posted on by SAT News Desk

London — India and Britain are on the verge of finalizing a free trade agreement (FTA) as both nations have reached a consensus on the broad framework of the proposed deal. The agreement is aimed at enhancing economic growth and creating job opportunities in the two countries, according to a senior official from India’s trade ministry.

Sunil Barthwal, India’s commerce secretary, stated on Friday that negotiations on almost all contentious issues have been completed, and the deal could be signed “much before” the end of the year. This development comes after the conclusion of the 11th round of talks between the two nations in London during a visit by Barthwal and India’s commerce and industry minister, Piyush Goyal.

The FTA holds significant importance for both India and Britain. For India, this would mark its first FTA with a developed country, building on its interim trade pact with Australia last year. India sees the FTA with Britain as a crucial step towards expanding its exports and solidifying its business-friendly image ahead of national elections next year.

On the other hand, for the United Kingdom, this agreement is part of its efforts to establish diversified global trade relationships after its exit from the European Union in 2020. The FTA would grant the UK wider access to markets for its premium cars, legal services, and renowned whisky.

Out of the 26 chapters in the FTA, discussions on 19 have been successfully concluded, including issues related to the sensitive automobile sector, as mentioned by Barthwal. However, some differences remain to be resolved concerning intellectual property rights, rules of origin, and an investment treaty.

While both countries have agreed in principle on the issue of investment rules, the specifics are still being worked out by the customs authorities of India and Britain. Barthwal emphasized that nothing is final until everything is agreed upon, and the next round of negotiations will be held shortly.

One of the crucial points of discussion revolves around India’s push for a “zero tariff” policy for its textile, leather, and other labor-intensive manufacturing sectors. Conversely, Britain has sought tariff concessions in other areas.

Bilateral trade between India and the United Kingdom has seen a significant rise, increasing by 16.6 per cent year-on-year to reach $20.42 billion (£15.85 billion) in the fiscal year 2022/23, which ended in March.

The potential FTA signifies a landmark step in the economic cooperation between India and Britain, providing opportunities for growth and mutual benefits for both nations. As the negotiations enter the final stages, the agreement is expected to pave the way for stronger trade ties and enhanced economic collaboration in the years to come.

Rising temperatures, extreme weather events, and melting glaciers threaten socio-economic stability and agriculture in Asia

Posted on by SAT News Desk

New York — Asia is experiencing a surge in climate change impacts, surpassing the global average, as reported by the World Meteorological Organization (WMO) in its latest State of the Climate report. Published on Thursday, the report highlights the region’s vulnerability to rising temperatures, melting ice and glaciers, and an alarming increase in extreme weather events.

According to the WMO report, Asia’s mean temperature for 2022 was the second or third warmest on record, soaring approximately 0.72 degrees Celsius above the 1991-2020 average. This increase itself was about 1.68°C higher than the WMO’s 1961-1990 reference period for climate change, indicating the region’s rapid warming.

One of the most critical concerns is the potential socio-economic disruption caused by melting ice and rising sea levels. The High Mountain Asia region, in particular, witnessed a drastic loss of glaciers due to exceptionally warm and dry conditions in 2022. This situation has significant implications for future food and water security and ecosystem stability.

Asia is labeled as the world’s most disaster-prone region, according to the WMO’s new report. In 2022, the continent witnessed over 80 disasters, mainly floods and storms, resulting in more than 5,000 fatalities and affecting around 50 million people. The overall economic damage surpassed a staggering $36 billion.

WMO Secretary-General Petteri Taalas highlighted the prevalence of drier-than-normal conditions and drought across several areas in Asia. In China, prolonged droughts severely impacted water availability and the power supply, leading to estimated economic losses of over $7.6 billion.

Pakistan faced devastating losses in 2022 due to severe flooding during the monsoon season. Within just three weeks, the country experienced 60 percent of its normal monsoon rain, affecting over 33 million people (approximately 14 percent of the population). The disaster resulted in more than $15 billion in losses, with over 1,730 reported deaths and nearly eight million people displaced.

The report also brought attention to the overall surface ocean warming trend in Asia since 1982. In the northwestern Arabian Sea, the Philippine Sea, and the seas east of Japan, warming rates have exceeded 0.5°C per decade, three times faster than the global average.

The report was released during a meeting of the UN Economic and Social Commission for Asia and the Pacific’s (ESCAP) Committee on Disaster Risk Reduction. It emphasizes the urgent need to focus on agriculture and food security as the expected increase in extreme events across Asia will significantly impact this sector, necessitating robust climate adaptation planning.

The WMO report serves as a stark warning, urging Asian nations to prioritize climate change mitigation and adaptation efforts. The region’s increasing vulnerability to climate impacts demands collective action and international cooperation to safeguard lives, livelihoods, and the environment.

Gold smuggling case Nepal : Viral Photo with Political Figures Raises Concerns

Posted on by SAT News Desk

Kathmandu : A significant development unfolded in Nepal as the Nepal Police conducted a raid at a hotel in Thamel, a bustling business area in the capital, leading to the arrest of Dawa Chhiring, a man who holds both Nepali and Belgian passports. He was apprehended in connection with the recent seizure of 100 kg of gold on July 19.

The situation took an intriguing turn when a police file photo of Chhiring and his Nepali wife, Amala Roka, alongside prominent leaders of the ruling Communist Party of Nepal (Maoist Centre), Barshaman Pun and his wife Onsari Gharti, surfaced on social media and swiftly went viral. This came at a time when Prime Minister Pushpa Kamal Dahal, popularly known as ‘Prachanda’, was actively seeking public support in the government’s fight against corruption.

The photo raised eyebrows, prompting PM Prachanda to warn his party leaders to be cautious when taking photos with individuals, highlighting the sensitivity of such associations.

Authorities have revealed their intention to question several politicians and businessmen in the upcoming days, seeking to establish any potential links to the gold seizure case.

Chhiring’s past records unveil his involvement in various fraudulent activities, including duping people through ‘loan apps’ in both India and Nepal, and operating online gambling platforms.

Sources suggest that the 100 kg gold was purportedly imported under the name of Ready Trade, a company allegedly controlled by Chhiring. However, police have discovered that the company is registered under an unrelated worker’s name, who claims to have no knowledge of its operations.

Investigations have raised concerns about Nepal being used as a “safe route” for smuggling gold from China to India, drawing attention to the need for vigilant measures against such illicit activities.

In the midst of these developments, Kathmandu-based businessman Deepal Malhotra has denied any involvement in the matter. However, Rakesh Kumar Adukia, another trader under the scrutiny of the Directorate of Revenue Intelligence (DRI), remains missing since the police conducted a raid at his residence in Kamal Pokhari.

The ongoing investigation has captured public interest and raised questions about the connections between prominent political figures and individuals allegedly engaged in illegal activities, emphasizing the significance of eradicating corruption and criminal networks within the country. Furthermore, the opposition party CPN UML’s obstruction in forming a probe committee for gold smuggling raises suspicions, particularly as numerous corruption cases involving UML leaders are currently under investigation

Nepali Boxer Puran Rai Triumphs at Scotland Pro Boxing, Clinches Scotish UBA Title Belt

Posted on by SAT News Desk

London — In an impressive display of skill and determination, Nepali boxer Puran Rai emerged victorious at the Scotland Pro Boxing event, securing the prestigious Scotish UBA title belt in the process. The event, held in Scotland, witnessed Puran Rai facing off against Ryan Kart in a thrilling match that culminated in a third-round technical knockout (TKO) in his favor.

The Nepali National International Player Association President, Siddharta Vikram Chhetri , proudly said Puran Rai’s triumph, commending his outstanding performance in the ring. The hard-fought victory not only showcased Rai’s boxing prowess but also highlighted the potential of Nepali boxers on the global stage.

In other matches involving Nepali contenders, Akash Dangi vied for the UBA and UBO title against Andy Bell but was unable to secure the win. Despite the defeat, Dangi’s participation marked a significant achievement for the Nepali boxing community, as they continue to make strides in the international boxing circuit.

Unfortunately, Max Basnet’s anticipated match was canceled due to unforeseen circumstances. Basnet expressed his disappointment, revealing that his opponent sustained an injury a few days prior to the event, leading to the unfortunate cancellation.

With Puran Rai’s victory, Nepali boxing has garnered further attention and recognition, elevating the sport’s popularity in Nepal. The achievement serves as an inspiration for aspiring boxers in the country, motivating them to push their boundaries and pursue excellence in the sport they are passionate about.

Unleashing Web 3.0: A Decentralized Revolution Empowering the Internet

Posted on by SAT News Desk

By Abinash Gajurel

Step into a realm where decentralized networks and blockchaintechnology reign supreme. It’s time to bid farewell to the confines of Web 2.0 and embrace the revolutionary potential of Web 3.0. This new era promises a paradigm shift in how we interact, transact, and share information on the internet. 

Brace yourself for a thrilling journey through the meaning, features, benefits, and even the challenges that await in this captivating landscape of Web 3.0. Get ready to explore the limitless possibilities and discover why Web 3.0 is set to redefine the very fabric of our digital existence.

Web 3, also known as the decentralized web or Web 3.0, is an evolving concept that represents a vision for the future of the internet. It aims to address some of the limitations and challenges of the current web infrastructure by leveraging blockchain technology and decentralized protocols.

It envisions a more decentralized, open, and user-centric internet ecosystem. Web 3 seeks to empower individuals, foster trust, enhance privacy, and enable peer-to-peer interactions. It is built on emerging technologies, such as blockchain, decentralized protocols, and cryptocurrencies. 

Features of Web 3

• Decentralization: Web 3 emphasizes decentralization, which means that control and ownership of data and services are distributed among participants rather than being centralized in the hands of a few entities. Blockchain technology plays a significant role in achieving decentralization.

o Example: Ethereum is a blockchain platform that enables developers to create decentralized applications (DApps) using smart contracts. These DApps can operate without the need for intermediaries, providing users with more control over their data and interactions.

• Interoperability: Web 3 aims to enable seamless interoperability between different platforms, applications, and services, allowing data and value to flow freely across various systems. This helps create a more connected and efficient digital environment.

o Example: Polkadot is a multi-chain platform that facilitates interoperability between different blockchains. It allows independent blockchains to communicate and share information securely, enabling the exchange of assets and data across different networks.

• User empowerment: Web 3 focuses on giving users greater control over their online identities, data, and digital assets. It aims to provide individuals with increased privacy, security, and the ability to freely express themselves online.

o Example: Brave is a privacy-focused web browser that allows users to have more control over their online experience. It blocks intrusive ads and trackers, and it offers users the option to earn rewards by opting into privacy-respecting advertisements.

• Tokenization: Web 3 leverages cryptocurrencies and tokenization to enable new forms of value exchange, incentivize participation, and create decentralized economic systems. Tokens represent digital assets or utility within a particular network or ecosystem.

o Example: Uniswap is a decentralized exchange (DEX) built on Ethereum that allows users to trade cryptocurrencies directly from their wallets. It utilizes tokenized liquidity pools, where users can provide their funds and earn fees in return.

• Privacy and security: Web 3 focuses on enhancing user privacy and security by giving individuals more control over their personal data and reducing reliance on centralized entities that may be vulnerable to breaches.

o Example: Brave browser is a privacy-oriented browser that blocks ads and trackers, providing users with a more secure and private browsing experience.

• Smart contracts: Web 3 incorporates smart contract platforms like Ethereum, which allow for the execution of programmable, self-executing contracts, enabling automation and trustless interactions.

o Example: Ethereum’s blockchain supports smart contracts. One example is a decentralized crowdfunding platform called Kickstarter, where funds are released automatically to project creators if they reach their funding goal by a certain date.

• Self-sovereign identity: Web 3 emphasizes user ownership and control over their personal data and identity, enabling individuals to manage and authenticate their own digital identities without relying on centralized entities.

These are just a few of the features associated with Web 3. The concept of Web 3 is constantly evolving, and new innovations continue to emerge as the internet evolves towards a more decentralized and user-centric model.

Benefits of Web 3 over current Web 2

Web 3 presents several potential benefits compared to the current Web 2.0 model. Here are some key advantages of Web 3:

• Decentralization and user control: Web 3 promotes decentralization, giving users greater control over their data, digital assets, and online interactions. This reduces reliance on centralized authorities and fosters a more democratic internet environment.

o Example: With the Web 3.0 approach, users can have full ownership and control over their digital identities. Self-sovereign identity platforms like uPort allow individuals to manage their personal information securely and selectively share it with trusted parties,such as for verification purposes or access to services.

• Enhanced privacy and security: Web 3 emphasizes improved privacy and security measures, safeguarding user data and reducing the risks associated with centralized data storage. Strong encryption and cryptographic techniques ensure the protection of sensitive information.

o Example: The Brave browser, built on Web 3 principles, offers enhanced privacy features. It blocks intrusive ads and trackers, protecting users’ browsing habits from being monitored by third parties. Brave also includes a privacy-focused search engine called DuckDuckGo, which doesn’t track or profile users.

• Open and transparent systems: Web 3 fosters transparency by leveraging technologies like blockchain, which provides an immutable and publicly auditable record of transactions. This openness enhances trust and accountability within digital ecosystems.

o Example: Ethereum’s blockchain enables the development of decentralized applications (DApps) and smart contracts. These DApps can provide transparent and auditable processes, such as supply chain tracking, where every transaction is recorded on the blockchain, ensuring transparency and trust.

• Interoperability and cross-platform compatibility: Web 3 aims to establish interoperability between different platforms, allowing seamless data and value exchange across diverse networks. This enables the creation of connected and efficient digital ecosystems.

o Example: Polkadot, a multi-chain platform, facilitates interoperability between different blockchains. It enables projects on various chains to communicate and share information, fostering collaboration and expanding the possibilities of decentralized applications.

• Tokenization and incentive mechanisms: Web 3 utilizes tokens and cryptocurrencies to incentivize participation, reward users, and create decentralized economic systems. Tokenization unlocks new possibilities for value exchange and economic models.

o Example: The decentralized finance (DeFi) ecosystem on Ethereum showcases tokenization and incentive mechanisms. Projects like Compound and Aave allow users to lend and borrow cryptocurrencies, earning interest or fees as incentives. This enables individuals to access financial services without relying on traditional intermediaries.

• Innovation and empowerment: Web 3 encourages innovation by providing a fertile ground for developers and entrepreneurs to create and deploy decentralized applications. It empowers individuals by granting them greater agency and control over their online experiences.

o Example: The Web 3 space has seen the emergence of NFT platforms like OpenSea. Artists can tokenize their digital artwork as non-fungible tokens, enabling direct sales to collectors and retaining more control over their creative works.

These potential benefits of Web 3 showcase its potential to revolutionize the internet by prioritizing user control, privacy, security, transparency, and innovation. While these advantages are promising, the Web 3 ecosystem is still evolving, and practical implementations are subject to ongoing development and refinement.

Challenges of Web 3

While Web 3 holds many potential benefits, it also faces several drawbacks and challenges when compared to Web 2. Here are some of the key weaknesses or drawbacks of Web 3:

• Scalability: Web 3 technologies, particularly blockchain networks, face scalability limitations. The decentralized nature of these networks requires all participants to validate and store every transaction, leading to potential bottlenecks and slower transaction processing times. For example, Bitcoin’s blockchain has a limited transaction throughput, resulting in slower confirmation times and higher fees during periods of high network congestion.

• User experience: Web 3 applications often provide a different user experience compared to their Web 2 counterparts. Decentralized applications (DApps) can have a steeper learning curve and may lack the polished user interfaces seen in centralized applications. Interacting with blockchain networks typically involves additional steps, such as managing wallets and dealing with transaction fees, which can be unfamiliar and potentially confusing for non-technical users.

• Energy consumption: Many Web 3 blockchains, particularly those that rely on Proof of Work (PoW) consensus algorithms, consume significant amounts of energy. The computational power required for mining and securing the network can result in a high carbon footprint. For example, Bitcoin’s energy consumption has raised concerns about its environmental impact, prompting discussions about transitioning to more energy-efficient consensus mechanisms like Proof of Stake (PoS).

• Regulatory uncertainty: Web 3 operates in a regulatory landscape that is still evolving. The decentralized and global nature of these technologies poses challenges for traditional legal and regulatory frameworks. Governments and regulatory bodies are grappling with how to address issues such as taxation, data privacy, and illicit activities facilitated by decentralized systems. The lack of clear regulations can create uncertainty and limit mainstream adoption.

• Challenges of interoperability: While Web 3 aims to promote interoperability, achieving seamless communication and data sharing between different blockchain networks and protocols remains a challenge. Each blockchain often operates as a separate silo, and transferring assets or data between them can be complex. This fragmentation hinders the development of a truly interconnected decentralized ecosystem.

• Complexity and development challenges: Developing Web 3 applications requires specialized knowledge and skills. Building decentralized applications and smart contracts can be more complex than traditional web development, requiring expertise in blockchain programming languages and understanding of underlying protocols. The nascent state of Web 3 tooling and infrastructure also presents challenges for developers, limiting the ease and speed of application development.

• Adoption and network effects: Web 3 platforms face the challenge of achieving widespread adoption and network effects. While decentralized networks offer compelling features, the majority of internet users are still primarily using Web 2 applications. For Web 3 to gain traction, it needs to provide significant advantages and incentives that outweigh the familiarity and convenience of existing centralized alternatives.

It’s important to note that many of these weaknesses are actively being addressed by ongoing research, development, and innovation within the Web 3 ecosystem. As the technology matures and scalability, usability, and regulatory challenges are overcome, Web 3 has the potential to offer a more robust and user-centric internet experience.

As we bid farewell to the article and wrap up our journey into the extraordinary world of Web 3.0, one thing becomes abundantly clear: we stand at the cusp of a digital revolution unlike any other. The promises of decentralization, trust, and user empowerment beckon us towards a future where the internet truly belongs to the people. While Web 3.0 may still face hurdles and challenges along its path to widespread adoption, the potential it holds for reshaping industries, safeguarding privacy, and unlocking unimaginable innovation is undeniably captivating. So, fasten your seatbelts, for the era of Web 3.0 has dawned, and it’s time for us to seize the boundless opportunities that await in this brave new digital frontier.

References:

1. https://brave.com/

2. https://consensys.net/

3. https://cryptozombies.io/

4. https://en.wikipedia.org/wiki/Web3

5. https://ethereum.org/

6. https://filecoin.io/

7. https://ipfs.io/

8. https://permission.io/blog/web-3-0/

9. https://polkadot.network/

10. https://web3.foundation/

11. https://www.dapp.com/

12. https://www.simplilearn.com/tutorials/blockchain-tutorial/what-is-web-3-0

*Animation enthusiast Abinash Gajurel lives in Kathmandu and can be reached at: abinashgajurel3@gmail.com

Suicide Bombing at Political Rally in Pakistan Leaves 40 Dead and Over 130 Injured

Posted on by SAT News Desk

Islamabad— At least 40 people were killed and more than 130 others were injured in a suicide bombing at a political rally in northwestern Pakistan. The incident occurred on the outskirts of Khar, the capital of Bajur district in Khyber Pakhtunkhwa. The rally was organized by supporters of hardline cleric and political party leader, Maulana Fazlur Rehman.

The blast, which took place near the border with Afghanistan, caused widespread devastation and emergency services were immediately deployed to the scene. Some of the seriously injured were airlifted to a hospital in the provincial capital, Peshawar. Maulana Ziaullah, a local leader of Mr. Rehman’s Jamiat Ulema-e-Islam party, was among the dead.

Maulana Fazlur Rehman was not present at the rally during the time of the attack. His party is part of Pakistan’s coalition government and also leads the Pakistan Democratic Movement, a united front of opposition parties that successfully ousted then Prime Minister Imran Khan through a no-confidence vote last year.

The incident has cast a shadow of fear over political events in the lead-up to the general election later this year. Witnesses described the chaotic aftermath of the blast, with injured individuals being rushed to hospitals and the area cordoned off.

As of now, no group has claimed responsibility for the attack. However, Pakistani journalist Zahir Shah Sherazi pointed out that Islamic State operates near the border in Afghanistan, and the bombing may have negative implications for upcoming political campaigns. Both Prime Minister Shabaz Sharif and President Arif Alvi have condemned the attack, while Mr. Rehman has called for an official inquiry.

Bajur, where the attack took place, was once a stronghold for Islamic militants, but recent military operations by Pakistan have worked to eliminate the threat. The incident has heightened security concerns and called for heightened vigilance in the region.

40 Dead and Over 130 Injured

At least 40 people were killed and more than 130 others were injured in a suicide bombing at a political rally in northwestern Pakistan. The incident occurred on the outskirts of Khar, the capital of Bajur district in Khyber Pakhtunkhwa. The rally was organized by supporters of hardline cleric and political party leader, Maulana Fazlur Rehman.

The blast, which took place near the border with Afghanistan, caused widespread devastation and emergency services were immediately deployed to the scene. Some of the seriously injured were airlifted to a hospital in the provincial capital, Peshawar. Maulana Ziaullah, a local leader of Mr. Rehman’s Jamiat Ulema-e-Islam party, was among the dead.

Maulana Fazlur Rehman was not present at the rally during the time of the attack. His party is part of Pakistan’s coalition government and also leads the Pakistan Democratic Movement, a united front of opposition parties that successfully ousted then Prime Minister Imran Khan through a no-confidence vote last year.

The incident has cast a shadow of fear over political events in the lead-up to the general election later this year. Witnesses described the chaotic aftermath of the blast, with injured individuals being rushed to hospitals and the area cordoned off.

As of now, no group has claimed responsibility for the attack. However, Pakistani journalist Zahir Shah Sherazi pointed out that Islamic State operates near the border in Afghanistan, and the bombing may have negative implications for upcoming political campaigns. Both Prime Minister Shabaz Sharif and President Arif Alvi have condemned the attack, while Mr. Rehman has called for an official inquiry.

Bajur, where the attack took place, was once a stronghold for Islamic militants, but recent military operations by Pakistan have worked to eliminate the threat. The incident has heightened security concerns and called for heightened vigilance in the region.

UK’s First Permanent Gallery on South Asian Community Provides a Window into Rich Heritage and Culture

Posted on by SAT News Desk

London — In a landmark initiative, the Manchester Museum unveiled its South Asia Gallery in February 2023, becoming the UK’s first permanent exhibition space dedicated to the South Asian community. Developed in collaboration with 30 co-curators, including contributions from the renowned British Museum, this groundbreaking gallery aims to foster cultural understanding and appreciation among people from diverse backgrounds.

The exhibition primarily focuses on the experiences and invaluable contributions of British South Asians. By showcasing themes like migration, climate, and music, the gallery provides visitors with a comprehensive view of the multifaceted South Asian heritage.

One of the remarkable aspects of the gallery is the active involvement of the curators, many of whom have generously donated personal family heirlooms and artifacts. Among them is Atiha Chaudry, whose family passports displayed their journey from India, through East Africa, to Manchester. Speaking about the significance of the gallery, Chaudry expressed her delight in being able to share her family’s stories and heritage, thus enabling everyone to connect with these rich histories.

The gallery also delves into contemporary issues through artworks like Samihah Mudabbir’s thought-provoking pieces on climate change. Mudabbir’s work sheds light on how South Asia, particularly Bangladesh, copes with the challenges of flooding by creating floating gardens. Through these exhibits, the gallery offers visitors a unique perspective on environmental issues from a South Asian lens.

A focal point of the gallery is the portrayal of the Mughal Dynasty’s history, particularly highlighting the role of Muslim women. Curator Yusuf Tai passionately shared that his motivation for being part of this project was to provide younger generations with a sense of comfort and confidence in their identities. His section on the Mughal Dynasty seeks to celebrate the rich history and accomplishments of Muslim women.

Music enthusiasts are also in for a treat as the gallery celebrates South Asian music and culture. Curator Aziz Ibrahim’s unreleased album, ‘Lahore to Longsight,’ is a remarkable find among the exhibits. Written decades ago, the album offers a glimpse into the artistic journey of British Asians and their determination to break barriers and pursue their passions.

Lead curator Nusrat Ahmed emphasized the importance of having a dedicated space for the South Asian community, allowing them to connect with their heritage and culture. For many of the curators, the gallery represents a dream come true and a space they wish they had access to during their formative years.

With its diverse range of exhibits, the South Asia Gallery at the Manchester Museum has quickly become a cultural hub that promotes understanding, appreciation, and celebration of South Asian heritage. It serves as an inspiration for other institutions to create inclusive spaces that resonate with people from all walks of life, bridging gaps, and building a stronger sense of belonging in the community.