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Devastating Monsoon Floods Claim Lives and Displace Thousands in South Asia

Posted on by SAT News Desk

At least 19 people have tragically lost their lives as torrential rains triggered floods across South Asia during the region’s annual monsoon season. The relentless downpours have forced thousands of people to seek shelter in India, where floodwaters have inundated numerous villages and disrupted normal life.

The toll from the recent flooding and landslides in Nepal has risen to 14, with over two dozen individuals still reported missing, according to officials. Search and rescue teams are working diligently to locate and assist those in need. Similarly, in India’s remote Himalayan state of Arunachal Pradesh, four lives were claimed by flooding and landslides near the Chinese border, as reported by disaster management authorities.

The neighboring state of Assam in India has also been severely affected, with one person losing their life and over 1,300 villages submerged under floodwaters. More than 14,000 individuals have been compelled to evacuate their homes and seek refuge in emergency shelters, as informed by Assam’s disaster agency.

Bangladesh, which shares borders with India, is currently on high alert as forecasters warn of potential floods in the northern districts. Approximately 20,000 families have already been impacted by flooding in low-lying areas around the northern district of Kurigram. Officials express concerns over swelling rivers, and the situation may worsen if water levels rise further.

The annual Asian Summer Monsoon, which brings the majority of South Asia’s annual rainfall between June and September, plays a crucial role in the region’s agriculture and livelihoods of millions of farmers. However, the monsoon also brings destruction through landslides and floods, which have been exacerbated by the effects of climate change.

Experts argue that climate change has increased the frequency, intensity, and unpredictability of monsoon-related disasters. A 2021 study conducted by the Potsdam Institute for Climate Impact Research (PIK) highlighted the strengthening and erratic nature of the monsoon since the mid-20th century.

South Asia has witnessed devastating consequences of monsoon floods in recent years. In 2022, Pakistan experienced catastrophic flooding, submerging a third of the country, damaging two million homes, and claiming over 1,700 lives. Bangladesh also faced record-breaking floods that year, resulting in the deaths of more than 100 people and affecting seven million individuals, with relief efforts continuing for months.

The governments of the affected countries, along with disaster management agencies, are working tirelessly to mitigate the impact of the floods and provide relief to affected communities. However, urgent action and long-term strategies to address the challenges posed by climate change and its impact on monsoons are necessary to protect vulnerable populations and ensure sustainable development in the region.

New and glorious journey of India-US ties has begun, says PM Modi

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Washington, PTI — Wrapping up his four-day State Visit to the US, Prime Minister Narendra Modi on Friday asserted that a new and glorious journey of India-US ties has begun and the world is watching the two great democracies strengthening their bond.

Addressing a cheerful gathering of Indian community members at the Ronald Reagan Building and International Trade Center here, Modi said the full potential of partnership between the two countries is yet to be realised and that their ties is all about making the world better again in the 21st century.

The two countries have seen convergence on global issues and their growing ties will be a boost for “make in India and make for the world” efforts, he said, referring to agreements on technology transfer, boosting manufacturing and strengthening industrial supply chain.

India is the mother of democracy and the US is the champion of modern democracy, and the world is watching the strengthening of ties of two great democracies, the prime minister said.

The diaspora will play a big role in helping realise the true potential of the two countries’ ties and this is the right time to invest more and more in India, he said.

“Together we are not just forming policies and agreements. We are shaping lives, dreams and destinies,” he said of the India-US ties.

Both countries are taking strong steps for a better future, said the prime minister at the programme, which was the last programme on his busy agenda in the US. He has left for Egypt on a State Visit at the invitation of President Abdel Fattah El-Sisi.

Lauding the diaspora for its conduct and contribution to the US, he credited them for strengthening ties and described the bond between the two countries as not only about commerce and trade but emotional as well.

He announced that people of Indian origin will not have to leave the US for H-1B visa renewal, drawing massive praise from people present in the hall and outside listening to him.

IT professionals will benefit greatly from this, he said, adding that a pilot project will begin this month. This facility may also be extended to L-category visa (intra-company transfer visa) depending on experience, Modi said.

Facilities for the diaspora is also a priority for India, he said, adding that it will now open a new consulate in Seattle and two in other cities. The US is also opening new consulates in Ahmedabad and Bengaluru, the prime minister added.

“In the last three days, a new and glorious journey of the mutual relationship between India and the US has begun,” Modi said of his visit. It was marked by his extensive talks with President Joe Biden in the White House every day of his three-day stay in Washington.

Prime Minister Modi during his US State Visit held talks with President Biden and addressed the Joint Session of Congress. He also addressed young entrepreneurs and met top CEOs.

As his visit to the US ended, Modi tweeted, “Concluding a very special USA visit, where I got to take part in numerous programmes and interactions aimed at adding momentum to the India-USA friendship. Our nations will keep working together to make our planet a better place for the coming generations.”

In his nearly 35-minute address to members of the Indian diaspora, Modi also lauded Biden as a seasoned and sorted leader, and praised his efforts in taking the ties between the countries to a new high. “I publicly praise his efforts,” he said.

Noting that General Electric has decided to manufacture fighter plane engines in India, he said it will prove to be a milestone for India’s defence sector.

With this decision, the US will not only share technology but also mutual trust, he said, shining a light on the growing bonhomie between the two countries.

In this context, the prime minister spoke of several leading US companies’ decision to invest in India in a raft of sectors and said this will boost employment, technology and innovation in India.

“You are filled with pride to see how India’s strength is giving a new direction to the world’s development. India today is among some countries where economy is growing at such a fast pace. The world is looking at your India,” he said.

Amid chants of ‘Modi, Modi’, he said the biggest reason behind India’s progress is its self-confidence.

Hundreds of years of slavery had snatched self-confidence but new India has today got back its self-confidence, he said.

The new India knows its path and direction, and has no confusion about its decisions and resolve. It is now turning its potential into performance, Modi said.

He cited massive infrastructure projects going on in the country to assert that the India’s new growth story is being written in many tier-2 and tier-3 cities.

The investment India is making in its infrastructure has never happened earlier and digital revolution it has seen is unprecedented, Modi said.

The affection he has received on the visit has been wonderful, he said and credited the diaspora’s hardwork, conduct and contribution to the US’ development.

Google’s Artificial Intelligence research centre will work on over 100 Indian languages, and it will be of lot of help to those not conversant with English, he said.

Modi also told the audience that a Tamil studies chair will be established at the University of Houston with the Indian government’s help and asked them to be proud of the fact that Tamil is the “world’s oldest language”.

He also expressed his happiness at the US government’s decision to return over 100 antiquities which found a way out of India through illegal means.

He praised the US government for respecting the feelings of India and Indians and said this further strengthens their ties.

House prices are falling, but that doesn’t mean you should buy now – here’s what first-time buyers should consider

Posted on by SAT News Desk

By  Alper Kara, University of Huddersfield
House prices in the UK fell by 3.4% in the last year, the biggest annual fall in nearly 14 years. The inflation-adjusted average house price is now what it was in 2014.

While this may seem like good news, it doesn’t necessarily mean it’s the right time to get on the property ladder. Today, many in their 20s and 30s face difficulties buying their first house mainly due to increasing borrowing costs. 

Average mortgage lending rates (based on a two-year fixed rate with a 10% deposit) are now close to 6% compared to 2% in January 2022. For a £200,000 mortgage, the average for UK households, this 4% difference increases monthly payments by almost £480 a month.

Soaring inflation is not helping either. It is becoming more difficult to afford basic living expenses (including rental costs), and also to save for a deposit required for a mortgage.

The benefit of decreasing house prices may be offset by interest rate hikes and inflation. What’s more, the prices for typical first-time-buyer properties, such as flats, have not eased as much as the other sectors of the market. Since the start of the pandemic, the price increase, and the recently observed drops, have been less for flats and maisonettes than for other properties.

What to ask a mortgage adviser

The idea of buying a first home is exciting. However, it is best to act with caution and consider the various factors carefully. One important factor is, of course, what mortgages are available. 

Mortgage comparison websites are a good starting point. Once you familiarise yourself with those, the best approach is to use a qualified, independent mortgage adviser. They often have access to mortgages exclusive to them, often with better rates, than those available publicly or from a bank.

After checking that they are a regulated and independent adviser, and asking about their fees, here are three important questions to ask and discuss with the broker. Don’t be shy, and make sure you are comfortable with all the details before deciding.

1. How much can I borrow?

Find out how much you can borrow using a mortgage calculator. Often, couples who are both in work are at an advantage and can borrow more. 

Be on the conservative side when considering how much you can pay for a mortgage after living expenses. Don’t stretch your income to the limit, as interest rates could increase in the future. It is best to talk to a mortgage adviser if you are worried about this.

If you are renting, compare your current rent payment to what you would potentially be paying for a mortgage. If they are similar, then it may be worth buying as a mortgage helps you to own your home over time.

2. What are my deposit options?

Check the size of the deposit needed for the property you want to buy. With the government’s mortgage guarantee scheme, this could be as low as 5%. To support first-time buyers, there are also 0% deposit mortgages. However, be aware that a no-deposit mortgage comes with risks. If house prices fall further, you may be left in negative equity instantly – meaning that your house is now worth less than your outstanding mortgage. 

Other mortgage products may be available if you have support from family or friends for a deposit. Bear in mind that deposit size matters as banks charge lower rates if you have a higher deposit – this is known as the loan-to-value ratio.

3. What other costs might I face?

Buying and selling properties involves high extra costs, such as legal, survey, mortgage or estate agent fees. The good news is that first-time buyers are exempt from stamp duty, a substantial cost, for properties up to £300,000. 

Make sure you have savings beyond your deposit. If you anticipate needing to move again soon, for example, to move in with a partner or be closer to family, then it may not be the best option to buy a home before you settle.

Also, be aware that leasehold properties (typically flats or apartments) often have monthly service charges, usually between £1,000 to £2,000 a year.

 

Understanding mortgage products

Understanding mortgage products and comparing them is a daunting task. It is best to discuss these in detail with a mortgage adviser to make the right choice. A key feature of mortgages is interest charged. You’ll need to have a plan for how to pay this, especially as interest rates go up. 

A fixed-rate mortgage gives you certainty for a period of time (typically two to five years). With a fixed rate your monthly payments will not change, regardless of the Bank of England base rate changes. There are now also ten-year fixed rates offered in the market, but such deals would not allow you to benefit from any long-term drop in the interest rates.

A variable-rate mortgage is adjusted automatically to Bank of England rate changes. So your monthly payments may increase or decrease unexpectedly. The higher than expected inflation figures could be a signal that interest rates may increase further in the coming months. 

Check if a deal allows you to overpay your mortgage, typically around 10% of the borrowed amount. In a high-interest-rate environment like now, having the option to make additional payments whenever you can, will reduce your overall borrowing costs.

Buying your first home is likely the most important financial decision of your life so far. Don’t rush into things. Speak to experts, and consider inflation and other costs. ( From : The Conversation)

Bank of England Raises Base Rate to 5% in Surprising Move

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London — In an unexpected decision, the Bank of England has announced an increase in the base rate from 4.5% to 5%. The rise comes as a surprise to many forecasters who had anticipated a smaller adjustment. The last time the base rate stood at 5% or higher was back in 2008.

The primary objective behind the hike in interest rates is to combat inflation by reducing the disposable income of mortgage-holders. The government aims to bring inflation down to 5% by the end of the year.

Chancellor Rishi Sunak acknowledged the challenges posed by the current economic situation, stating, “I always said this would be hard – and clearly it’s got harder over the past few months.” However, he reassured the public, saying, “I am totally, 100%, on it, and it’s going to be OK.”

Of the nine members on the bank’s committee, seven voted in favor of the 5% rate, while two advocated for no change at all.

The increase in interest rates reflects the Bank of England’s commitment to managing inflation and stabilizing the economy. However, the decision will likely have implications for borrowers, particularly mortgage-holders, who will experience a reduction in their spending power due to higher interest payments.

Financial markets are expected to react to this unexpected development, and economists will closely monitor its impact on consumer spending and economic growth in the coming months.

Thousands of Voters Prevented from Voting in UK Local Elections Due to ID Law

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London — Approximately 14,000 individuals were unable to cast their votes in last month’s local elections in the United Kingdom due to a new law mandating voters to present photo identification, according to the country’s electoral watchdog.

The Electoral Commission reported that 0.25 percent of people who went to polling stations were denied the opportunity to vote because they lacked the necessary identification, and a larger number of individuals likely didn’t show up to vote at all.

Craig Westwood, the commission’s communications director, expressed concern, noting that there was evidence suggesting that disabled and unemployed individuals were more likely to face difficulties related to ID requirements when attempting to vote.

“We don’t want to see a single voter lose the opportunity to have their say,” Westwood emphasized.

Opposition parties accused the Conservative government of attempting to suppress the votes of individuals who are less likely to support the ruling party.

Acceptable forms of identification include passports, driver’s licenses, and senior citizens’ travel cards. However, transit passes for young people are not considered valid forms of ID. The government argues that older person’s travel cards require proof of age, unlike other transit passes.

Critics argue that this discrepancy will disproportionately hinder young people, who are least likely to support the Conservatives, from exercising their right to vote. Additionally, individuals with lower incomes are less likely to possess photo identification compared to more affluent citizens.

The Electoral Reform Society, which opposes the new rules, called on the government to abandon the “ill-thought-through and unnecessary scheme” before the upcoming national election, scheduled to take place by the end of 2024.

The Conservative party faced significant losses in the May 4 elections, with voters expressing frustration over the cost-of-living crisis driven by record-high inflation.

Multilateral Development Banks Expected to Boost Funding for Low-Income Economies by $200 Billion

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Paris — World leaders participating in a summit in Paris have announced that multilateral development banks (MDBs), including the World Bank, are set to increase their lending capacity by $200 billion in order to provide additional support to low-income economies. This move, which involves taking on more risk, may require wealthy nations to inject additional funds, according to the leaders.

During the summit, which aimed to address climate transition funding and post-Covid debt burdens faced by developing nations, the leaders stated that their plans would also attract significant investment from the private sector. They also expressed optimism that the long-overdue pledge of $100 billion in climate finance for developing countries was within reach.

Despite these positive developments, many participants at the two-day summit raised concerns about the suitability of the World Bank and the International Monetary Fund (IMF) in effectively addressing the most urgent challenges, calling for comprehensive reforms.

The final statement of the summit emphasized the need for a $200 billion increase in MDBs’ lending capacity over the next decade through the optimization of their balance sheets and a willingness to assume more risk. The statement also acknowledged that wealthy nations might be required to provide additional capital if these reforms were implemented.

US Treasury Secretary Janet Yellen, ahead of the summit, highlighted the importance of development banks maximizing their lending capacity before considering capital increases. The summit’s concluding document called for a dollar of lending by development banks to be matched by at least one dollar of private finance, a move aimed at leveraging an additional $100 billion of private investment in developing and emerging economies.

These announcements represent a significant escalation in the efforts of development banks to combat climate change and indicate a path for further transformations ahead of their annual meetings later this year.

Despite these positive outcomes, some climate activists expressed criticism regarding the results of the summit.

Zambia and China Reach Landmark Debt Restructuring Agreement

Another notable development during the summit was the breakthrough agreement between Zambia, the United States, and China. The two countries, which have had disagreements on approaches to debt restructurings for impoverished nations, adopted a more conciliatory stance following the landmark deal to restructure $6.3 billion of Zambia’s debt, the majority of which is owed to China.

“Nepal Supreme Court’s Landmark Ruling: Implementation of Citizenship Bill Opens Path for Nepalese Living Abroad to Attain Citizenship”

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Kathmandu — In a significant ruling, the Supreme Court of Nepal has declared that President Ramchandra Paudel’s approval of a bill, which was not previously approved by former President Bidya Bhandari, cannot be deemed illegal. The decision came in response to a petition challenging the certification of the Citizenship Bill. A division bench comprising Justices Anand Mohan Bhattarai and Kumar Regmi announced on Thursday the cancellation of the short-term interim order that had temporarily halted the implementation of the Citizenship Bill.

Previously, Justice Manoj Kumar Sharma, a single bench judge, had issued a short-term interim order to suspend the implementation of the Citizenship Act approved by the President. However, after thorough discussions on whether to continue the interim order, the division bench of the Supreme Court identified three key grounds to pave the way for the implementation of the Act.

Firstly, the Supreme Court recognized the significance of Article 10 of the Constitution of Nepal, which guarantees that no Nepali national can be deprived of their right to citizenship. The Division Bench highlighted that since the amendment to the Nepal Citizenship Act 2063 was necessary for the enforcement of this constitutional provision, it should be acknowledged that the amendment bill had been passed twice by the Parliament.

Secondly, the Division Bench emphasized that the Citizenship Bill was not void or inactive. They stated that it would be incorrect to claim that a bill passed by the Parliament becomes inactive or void simply because the session of the House of Representatives has concluded.

Thirdly, the Supreme Court addressed the constitutional void and complexity that arose when the President declined to certify the bill. It pointed out that since the Speaker had certified the Bill and sent a letter to the President for Cabinet recommendation, the certification could not be considered unconstitutional.

As a result of this Supreme Court verdict, the children of Nepali citizens by birth will be eligible to obtain citizenship starting from today. Additionally, the ruling has opened the doors for non-resident Nepalis who wish to acquire Nepalese citizenship.

Regarding non-resident Nepali citizenship, Article 14 of the Constitution allows individuals who have obtained citizenship in a foreign country and whose father, mother, father’s father, or grandfather is a Nepali citizen by descent or birth to apply. However, this provision only applies to individuals residing in countries other than the member countries of the South Asian Regional Cooperation Organization. The amendment bill has incorporated this constitutional provision, granting individuals with non-resident citizenship the rights to economic, social, and cultural benefits as outlined by federal law. However, it should be noted that non-resident citizens are prohibited from exercising political rights according to the constitution.

With the Supreme Court’s decision, the implementation of the Citizenship Act will proceed, ensuring the fulfillment of citizens’ rights and paving the way for non-resident Nepalis to acquire Nepalese citizenship under specific conditions.

PM Modi Thanks President Biden for Warm Reception at White House, Engages in Fruitful Talks

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Washington DC [US] – Indian Prime Minister Narendra Modi expressed his gratitude to US President Joe Biden and First Lady Jill Biden for hosting him at the White House. The two leaders engaged in a productive conversation on various subjects, as highlighted by PM Modi on his official Twitter handle.

“I thank @POTUS @JoeBiden and @FLOTUS @DrBiden for hosting me at the White House today. We had a great conversation on several subjects,” PM Modi tweeted.

President Biden welcomed PM Modi to an intimate dinner at the White House, ahead of the highly anticipated state dinner. The dinner was attended by National Security Advisor Ajit Doval, US counterpart Jake Sullivan, Foreign Secretary Vinay Kwatra, and Deputy Chief of Protocol Aseem Vohra. The menu featured President Biden’s favorite foods, including pasta and ice cream.

As a special tribute to the rich culture of India, the leaders enjoyed a captivating musical performance by youth dancers from Studio Dhoom, an Indian dance studio based in the DMV area (Washington, D.C., Maryland, and Virginia), aimed at connecting the younger generation with the vibrant Indian dance traditions.

The exchange of gifts between the leaders added to the warmth of the occasion. PM Modi presented a meticulously crafted sandalwood box, made by a master craftsman from Jaipur, Rajasthan, to President Biden. Additionally, he gifted a lab-grown 7.5-carat green diamond and a ‘papier mache’ artwork to First Lady Jill Biden.

In return, President Biden and First Lady Jill Biden presented PM Modi with an antique American book galley from the early 20th century. The President also gifted a vintage American camera, accompanied by an archival facsimile print of George Eastman’s Patent of the first Kodak camera, along with a hardcover book showcasing American wildlife photography. First Lady Jill Biden gifted a signed, first-edition copy of “Collected Poems of Robert Frost” to PM Modi.

The camaraderie between the leaders was evident when PM Modi’s motorcade arrived at the South Portico of the White House at around 7:36 pm (local time). They were seen sharing laughter and engaging in conversation, reflecting the positive rapport between India and the United States.

Earlier in the day, prior to the dinner at the White House, PM Modi had fruitful meetings with Gary E Dickerson, President and CEO of Applied Materials; Sanjay Mehrotra, President and CEO of Micron Technology; and H Lawrence Culp Jr, Chairman and CEO of General Electric and CEO of General Electric Aerospace.

As part of his official state visit, PM Modi will attend the state dinner on Thursday, hosted by President Joe Biden and First Lady Jill Biden. He will also deliver a speech at a Joint Sitting of the US Congress on the same day.

Furthermore, on June 23, the Prime Minister will be jointly hosted at a luncheon by Vice President Kamala Harris and Secretary of State Antony Blinken. He is scheduled to meet with business leaders from 20 prominent American companies and address a gathering of over 1,500 diaspora and business leaders, strengthening the ties between India and the United States.

Heatwave in Northern India Claims Lives of Dozens, Investigations Underway

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New Delhi — Officials in the northern Indian state of Uttar Pradesh are investigating a series of deaths that occurred in the Ballia district, where at least 68 people have lost their lives between Thursday and Sunday. The fatalities come as temperatures continue to soar in northern and eastern parts of the country, reaching a scorching 46 degrees Celsius (114.8 degrees Fahrenheit) this week.

The recent surge in deaths follows a prior warning from the country’s meteorological department regarding potential heat-related casualties. Heatwaves are a common occurrence during the summer months of May and June in India, but the intensifying effects of climate change have amplified the likelihood of record-breaking heatwaves.

Despite the alarming number of deaths, local officials have been unable to reach a consensus on the underlying cause. Critics have accused the government of failing to take adequate measures to prevent such casualties.

Dr. Diwakar Singh, a local health official, initially acknowledged that heatstroke may have been a contributing factor in the deaths of 25 individuals on June 16. He highlighted that the extreme temperatures significantly affected patients, particularly those above 60 years old with pre-existing health conditions. However, following his statement to the media, Dr. Singh was abruptly transferred to another district for allegedly providing careless information without proper verification.

Dr. Jayant Kumar, the Chief Medical Officer of Ballia, later stated that the spike in deaths could be attributed to various other ailments, including old age. A two-member committee of health directors has been appointed to investigate the cause of death. The committee has collected samples for further analysis and is awaiting the report to gain clarity on the situation.

Dr. N Tiwari, another health director involved in the investigation, acknowledged the adverse impact of the heatwave on patients admitted to the Ballia district hospital. However, he assured that arrangements had been made to alleviate the situation within the hospital premises.

Akhilesh Yadav, an opposition political party leader and former chief minister of Uttar Pradesh, criticized the state government for the rising death toll. Yadav argued that the government should have issued warnings about the heatwave and addressed the lack of district hospitals. He emphasized that the victims, mostly impoverished farmers, suffered due to delayed access to essential resources such as food, medicine, and timely treatment.

Dr. Mansukh Mandaviya, India’s Health Minister, pledged that the government is taking action to address the heatwave and the surge in deaths. Mandaviya stated that discussions would be held with states affected by or at risk of experiencing a heatwave to determine appropriate measures to combat heatstroke.

India, already considered one of the countries most affected by the climate crisis, faces mounting challenges due to the intensification of extreme weather events, as highlighted by the Intergovernmental Panel on Climate Change. In recent years, both federal and state governments have implemented various initiatives to mitigate the impact of heatwaves, including school closures and public health advisories.

As investigations continue, the focus remains on identifying the factors contributing to the tragic loss of lives and implementing effective measures to safeguard vulnerable populations from the effects of heatwaves.

South Asia Celebrates International Yoga Day, Promoting Health and Well-being

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Kathmandu — Today, South Asia joins the global community in observing the International Yoga Day with a diverse range of programs aimed at creating public awareness and promoting the practice of yoga. Designated by the United Nations General Assembly (UNGA) in 2014, this annual celebration takes place on June 21.

Yoga, an ancient and holistic approach to health and well-being, originated in India and Nepal. Over time, it has gained immense popularity worldwide for its physical and mental benefits. The significance of International Yoga Day lies in its ability to unite people from different backgrounds and cultures in the practice of yoga, serving as a platform for individuals and communities to experience its transformative effects.

The journey to establish International Yoga Day began with Indian Prime Minister Narendra Modi, who played a crucial role in proposing its declaration during his address to the 69th UNGA. Stressing the universal importance of yoga for people of all walks of life, Prime Minister Modi received support from Nepal’s then Prime Minister Sushil Koirala, UN permanent member nations, and the European Union. The draft resolution establishing the International Yoga Day gained an extraordinary level of backing, with 177 countries endorsing it within 90 days of its proclamation.

Since its inception in 2015, International Yoga Day has been celebrated worldwide, including in South Asian countries. Nepal, in particular, has observed this day since 1980 under the leadership of Dr. Hari Prasad Pokharel and various yoga organizations.

The festivities of International Yoga Day include organizing events and activities to commemorate the occasion. Yoga enthusiasts and experts conduct numerous yoga sessions and workshops in public spaces like parks and schools. These events aim to encourage people to experience and embrace yoga’s physical and mental benefits.

Practicing yoga every day can bring a range of advantages, such as improved flexibility, reduced stress levels, enhanced mental health, reduced anxiety, strengthened core muscles, boosted immunity, improved balance, increased cardiovascular function, elevated self-esteem, and potential improvements in bone health.

In recent years, the popularity of yoga has skyrocketed, largely due to the efforts of influential figures like Baba Ram Dev, who introduced free yoga classes across India, Nepal, and other South Asian countries. This initiative has played a significant role in creating awareness about health and fitness, particularly among rural and disadvantaged communities. Prominent yogis and spiritual leaders, such as Sadguru and Ravi Shankar, are also actively promoting yoga through their spiritual events.

Recognizing the importance of yoga, Nepal Sanskrit University has introduced a six-month program on Yoga and natural science. This initiative combines traditional yogic practices with scientific knowledge to promote holistic well-being. Additionally, Nepal’s Council of Ministers has declared January 1 as National Yoga Day, building upon the existing World Yoga Day celebrations that traditionally took place after Uttarayan Day with the participation of various yoga organizations.

Although the practice of yoga gradually diminished from the Nepalese consciousness due to the influence of modernity, its revival gained momentum when it was recognized for its healing and peace-promoting benefits in Europe and America. This rediscovery sparked a renewed interest in yoga among the Nepalese population, leading to increased awareness and adoption of the practice.

International Yoga Day serves as a reminder of the profound significance of mental peace, stability, and holistic health that can be attained through yoga, meditation, and Ayurveda. As South Asia and the rest of the world unite in celebration, the focus remains on promoting the practice of yoga and its numerous benefits for individuals and communities alike.

Nepali Embassy in India Directed to Investigate Mural Depicting Nepali Territory in Indian Parliament

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Kathmandu — The Nepali government has instructed its embassy in India to investigate and gather information regarding a mural displayed in India’s newly inaugurated Parliament building. The mural in question portrays a map of ‘Akhanda Bharat’ (undivided India) that includes Nepali territories, such as Lumbini and Kapilvastu. Foreign Minister NP Saud disclosed this directive while responding to questions raised in the International Relations Committee of the House of Representatives.

During Prime Minister Pushpa Kamal Dahal’s recent visit to India, the Nepali government became aware of the mural and subsequently sought clarification from the Indian government. According to Foreign Minister NP Saud, the Indian government conveyed its official position on the matter, asserting that the mural represents the empire of Emperor Ashoka during his reign and is not intended to be a political statement.

Minister Saud emphasized that the Nepali government firmly upholds the map of Nepal as outlined in the Constitution, following amendments made to it. He highlighted that the Indian government clarified that the mural is merely a depiction and not an actual map. Minister Saud stated, “I have spoken on the issue only after the Indian government confirmed that it was not a map and clarified its purpose.”

Expressing his opinion, Minister Saud suggested that constantly disputing the matter of the map would not be appropriate. He emphasized the need for constructive engagement and dialogue between Nepal and India to address any concerns or misunderstandings.

Furthermore, Minister Saud revealed that the Nepal government is unaware of the contents of the report submitted by the Eminent Persons Group, which was established to examine and make recommendations on Nepal-India relations. He stated that the government has not officially received or studied the report.

The Nepali Embassy in India has been entrusted with the task of gathering accurate information regarding the mural and its intended purpose. Upon completion of their investigation, the embassy will report their findings back to the Nepali government.

The issue of the mural depicting Nepali territory in the Indian Parliament has sparked interest and concern among officials in Nepal. It remains to be seen how the government will handle the matter and whether it will engage in further discussions with the Indian government to address any potential sensitivities.

As the investigation continues, the focus will be on diplomatic channels to ensure that both countries maintain cordial relations and find a mutually acceptable resolution to this issue.

World’s Highest Peaks at Risk of Losing 80% of Volume by 2100, Warns New Report

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In a new report published by the International Centre for Integrated Mountain Development (ICIMOD), international scientists in Nepal have issued a stark warning that the world’s highest peaks are facing a severe threat. The report reveals that under worst-case climate scenarios, these majestic mountains could lose up to 80% of their volume by the end of the century, with devastating consequences for millions of people.

The study, which examined the impact of climate change on an extensive area spanning 1.6 million square miles, from Afghanistan to Myanmar, focused on the Hindu Kush and Himalaya mountain range region. The findings showed that glaciers in this region melted at a rate 65% faster during the 2010s compared to the previous decade, indicating the tangible influence of rising temperatures.

One of the critical concerns highlighted by the report is the fact that the ice and snow from these mountains feed 12 rivers that supply fresh water to approximately two billion people across 16 countries, including China, India, and Pakistan. The report warns that excessive water, eventually resulting from glacial melting, will lead to water scarcity in the long term.

In 2019, the same group released a report projecting that, even under the most optimistic scenario of limiting average global warming to 1.5 degrees Celsius above pre-industrial temperatures, the region would still lose at least one-third of its glaciers. Unfortunately, the updated report reveals that these projections have worsened.

According to the latest findings, a temperature increase between 1.5 to 2 degrees Celsius would result in a loss of 30% to 50% of the mountain region’s volume by 2100. If the world surpasses 3 degrees Celsius of warming, glaciers in Nepal and Bhutan in the eastern Himalayas face the imminent risk of losing 75% of their ice. Moreover, a mere one degree increase beyond that would raise the risk to a staggering 80%.

The World Meteorological Organization predicts that the annual mean global near-surface temperature between 2023 and 2027 will be 1.1 to 1.8 degrees Celsius higher than the average between 1850 and 1900, CNN reported.

Scientists consider 1.5 degrees of warming as a critical tipping point beyond which the likelihood of extreme flooding, drought, wildfires, and food shortages significantly escalates.

The consequences of rapid warming and glacial melt are far-reaching. The Hindu Kush Himalaya region is home to approximately 240 million people, with many communities having deep cultural roots spanning thousands of years. Additionally, around 1.65 billion people reside downstream, heavily reliant on the water provided by these mountains.

The report highlights the adverse effects on agriculture, livestock, tourism, and the production of medicinal and aromatic plants in the region. Changing climatic and cryospheric conditions pose a severe threat to the livelihoods of mountain communities. Snowfall patterns no longer align with the seasons, resulting in reduced grazing land for livestock and leading to substantial income losses for farmers. In recent years, the scarcity of food has caused the death of yaks in India, Nepal, and Bhutan.

Furthermore, the region’s remote and rugged terrain presents significant challenges in terms of disaster response and rescue efforts, amplifying the risks faced by mountain communities in the face of floods, landslides, and avalanches.

The report also emphasizes the threat to unique species within the diverse ecosystems of the Hindu Kush and Himalayas. Tropical and subtropical rainforests, temperate coniferous forests, and cold deserts are all vulnerable to adverse climate changes. The study cites examples of extinction among butterfly species in Pakistan’s Murree Hills and the severe impact on endemic frog species, which experience breeding problems and developmental deformities due to climate change.

With two billion people in Asia depending on the water resources provided by these glaciers and snowfields, the potential consequences of losing this cryosphere are immense. Urgent action is needed from global leaders to prevent an environmental catastrophe, asserts Izabella Koziell, deputy director general of ICIMOD.

The findings of this report serve as a powerful reminder of the urgency to combat climate change and protect the world’s most vulnerable ecosystems, which are intricately tied to the well-being and survival of countless communities and species.

French aviation authority to help enhance Nepal’s air safety

Posted on by SAT News Desk

KATHMANDU: An agreement has been reached between the Civil Aviation Authority of Nepal (CAAN) and the Civil Aviation Authority of France with the aim of enhancing the air safety system of Nepal.

A four-year memorandum of understanding (MOU) for technical and human resource management and development was signed today in Paris, the capital of France, between the aviation regulatory bodies of the two countries.

The MoU was signed by Director General of CAAN Pradeep Adhikari and Damien Caze on behalf of the French civil aviation authority, according to CAAN. As per the agreement, work will be done to improve quality of air safety including technical capacity building and training.

(RSS)

Why rely on Nepal as your tech outsourcing destination

Posted on by SAT News Desk

By Simran Lageju
The digital landscape is evolving, and your businesses can lose valuable opportunities if they don’t adapt to the changing environment. Brands like Kodak and Blackberry are common names for their inability to adapt to the changing market. Companies must stay ahead of the curve by keeping up with technological advancements and ever-changing customer preferences. With rapid tech advances and shifting consumer behavior, businesses that fail to adapt risk falling behind their competitors and losing market share. So, how do you ensure that your business stays relevant and competitive?

One strategic solution is outsourcing.

The global expense projection of outsourcing in 2023is $731 billion. Companies are increasingly outsourcing to thrive in the dynamic business markets. With benefits such as cost-effectiveness, increased scalability, and better efficiency, your business can explore unlimited possibilities with outsourcing. Ranging from Finance to IT and Marketing, industries are exploring the potential that comes with access to globally skilled resources.

Sure, there are risks with every remarkable opportunity. Selecting the right outsourcing destination is a crucial decision for any company. Especially in the case of IT outsourcing, you need to check the challenges of assuring high quality and security, among other risks.  

Here are some reasons why Nepal could be your ideal Tech Outsourcing Partner and the next IT hub:

Ample Resources: Nepal has a vast pool of talent, growing every year. According to the largest education web portal of Nepal, Collegenp, Nepal has over 360 institutions offering Engineering, over 160 offering Computer Application, and over 110 offering Information Technology. It is estimated that Nepali universities are producing over 70,000 STEMgraduates every year. With the median age being 23.7 years against a global value of 30.3 years, Nepal has a large pool of emerging young and vibrant workforce well-equipped for careers in the tech industry. The increasing number of students pursuing higher education in technical fields gives Nepal an advantage in building a competitive tech hub.

Globally Competent Skills: With its rapidly growing and evolving tech industry, Nepal has proficient IT professionals with a high-value range of technical skills from cloud security, Artificial Intelligence (AI), and DevOps. Major global corporations such as Google, Microsoft, Apple, and Amazon are hiring hundreds of Nepalese people. It shows that Nepali professionals have worked for the world’s most innovative and successful companies contributing to cutting-edge projects and building globally competent skills and experience.

Affordability: The tech industry in Nepal is also known for its affordability. Compared to the countries in Europe and America, the cost in Nepal can be up to 65% cheaper while maintaining the same quality of work. The living cost in the country is significantly low compared to the West. According to livingcost.org, the cost of living in Nepal is $379, 2.58 times less expensive than the world average. Thus, the lower pay rate makes it an attractive destination for companies looking to minimize their expenses with the benefits of a skilled and reliable workforce.

Reliability & Flexibility: Nepali tech professionals are known for their work ethic, dedication, and attention to detail, making them valuable assets for any company seeking to work with them. Employers can assign work for the team in Nepal before they clock out and find the tasks done when they returnthe following day. This kind of flexibility allows companies to gain a competitive advantage and efficiency in operations and achieving the desired deliverables. Multinational tech companies like Cedar Gate, Leapfrog, Cloudfactory, and Genese Solution are establishing their presence and building effective teams in Nepal. As it is one of the peaceful countries with a low rate of violence, good internet connectivity, and acceptance of diverse cultures, Nepal offers a perfect choice to outsource tech. Moreover, getting a visa to Nepal is also easy and hassle-free.

Supportive Legal Framework and IT Laws in Nepal: The government of Nepal has created a supportive environment for the growth of the technology sector.  Nepal promulgated the Electronic Transactions Act 2008 for ensuring the reliability as well as security of electronic transactions, including the control of unauthorised use of electronic recordsor alteration in such records through illegal ways. Moreover, Nepal’s National Information and Communication Technology ( ICT) Policy 2015, is formulated with the objective to foster an environment that is favorable for  ICT collaboration and partnership between the public and private sectors, civil society, and all other interested parties on a local, national, regional, and international scale.

The Information Technology Bill, 2019, has proposed various initiatives to develop, promote and regulate information technology. Policymakers are identifying technology as a priority sector. Moreover, the Digital Nepal Acceleration Project (DNA) of the World Bank has set aside $145 million over five years to strengthen Tech Infrastructure in Nepal. Overall, the legal framework supports the growth of the ICT sector and is taking a progressive direction.

Ideal for Digital Nomads: With the increasing availability of high-speed internet throughout the country, Nepal is becoming popular for digital nomads. One can work remotely while enjoying the picturesque landscapes, being around rich cultural diversity, and enjoying the low cost of living. The accommodation, food, and transportation are all comparatively cheaper and thus, attractive to budget-conscious digital nomads who can have countless opportunities for adventure and exploration. From trekking in the Himalayas to exploring world heritage sites and adventure sports, digital nomads can have the best of the opportunities to work and go on adventures too. Moreover, the cities in Nepal are also promoting digital nomad lifestyles. Co-working spaces and entrepreneurial hubs are growing in cities like Kathmandu and Pokhara, offering a vibrant community of like-minded individuals and resources for digital nomads. This indicates how Nepal is fostering a favorable environment for people around the world to come and set up their workstation while exploring its rich cultures, amiable people, diverse traditions, and natural beauty.

All in all, Nepal offers a promising opportunity for businesses around the world to outsource tech and has a potential to be the next IT hub. With a globally competent and growing workforce, reliability, affordability, and supportive legal environment, Nepal makes a perfect destination to emerge as the next IT hub. With its young and vibrant professionals, it carries immense potential to offer high-quality deliverables, flexibility, and welcomes digital nomads from around the world. So, if your business is looking to outsource tech and gain a significant competitive advantage, Nepal is your ideal destination. 

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Simran Lageju is a business development professional associated with Genese Solution, an IT consulting company headquartered in the UK with a global presence in eight countries, including Nepal. The views expressed in this article are the author’s own and do not represent the organisation’s views. Questions and comments on this article can be directed to feedback@genesesolution.com.

Rain-Induced Landslides Claim at Least Seven Lives in Eastern Nepal

Posted on by SAT News Desk

Kathmandu — Monday’s heavy downpour in Eastern Nepal triggered rain-induced landslides, resulting in the tragic loss of at least seven lives, according to local police officials. The affected districts include Sankhuwasabha, Taplejung, Panchthar, and Dhankuta. The Koshi Provincial District Police confirmed five fatalities since Saturday night’s torrential rainfall, while the search for missing individuals continues.

The Provincial District Police reported two deaths in Panchthar, with one fatality each in Sankhuwasabha, Taplejung, and Dhankuta Districts. Additionally, 28 people remain unaccounted for in Sankhuwasabha, while four are reported missing in Panchthar and three in Taplejung District since the onset of heavy rain.

Nepal has been grappling with a series of natural disasters triggered by monsoon downpours, causing inundation, flooding, and landslides. The monsoon season began last week and is projected to expand across the entire country by the coming weekend, potentially leading to further casualties in the weeks ahead.

Addressing the federal parliament in Kathmandu on Sunday, Nepal’s Minister for Physical Infrastructure and Transport, Prakash Jwala, highlighted the extensive damage caused by heavy rain in Eastern Nepal. Taplejung, Panchthar, Sankhuwasabha, and Terhathum Districts experienced significant property loss, including damage to road connections and bridges. The minister assured parliament that search, rescue, and relief operations are currently underway in the affected areas, with the involvement of the Nepal Army, Armed Police Force, Nepal Police, and government officials.

The National Disaster Risk Reduction and Management Authority (NDRRMA) recently projected that around 1.25 million Nepali citizens will be affected by this year’s monsoon season. The disaster management authority estimates that 400,000 people in Madhesh Province, 300,000 people in Koshi Province, 200,000 individuals in Lumbini Province, 100,000 in Bagmati Province, 147,000 in Sudurpaschim Province, 69,000 in Gandaki Province, and 35,000 in Karnali Province will be impacted by flooding and other related disasters. Last year, approximately 2 million people were affected by similar events.

The NDRRMA has approved an action plan that includes a comprehensive analysis of monsoon-related risks and their impacts. It also involves collaboration among various ministries, relevant sectors, non-governmental organizations such as the Nepal Red Cross, and focuses on disaster management, search and rescue operations, and the distribution of relief materials.

As rescue efforts intensify and the monsoon season progresses, authorities are working tirelessly to mitigate the impact of these devastating natural disasters and provide assistance to those affected in Eastern Nepal.

Comparative Economic Advantage of Asia: South Asian Diaspora Impact in the USA

Posted on by SAT News Desk

The GDP of Bangladesh in 1980 was approximately $22 billion and it figure rose to US$ 416 in 2020. Nepal’s GDP in 1980 was approximately $3 billion and it zoomed to US$ 36 billion in 2020. Bangladesh and Nepal, since 1980, have experienced economic growth and development, driven by a combination of factors. Both economies faced challenges emanating from political instability, misplaced economic and political quagmires and natural disasters. However, both nations have made some progress in limited areas of their natural and comparative economic advantages.

The main drivers of Bangladesh’s GDP growth have been the expansion of the garment and textile industry, the growth of the agriculture sector, and the development of the microfinance industry. The garment and textile industry has been particularly important, accounting for around 80% of the country’s total exports and employing millions of people, especially women, in the country’s urban areas. In fact, Bangladesh is the second largest garment manufacturing in the world. The agriculture sector, which employs most of the country’s population, has also seen significant growth due to the government’s investment in irrigation, fertilizers, and seeds. At the same time, the growth of the microfinance industry has enabled small businesses and entrepreneurs to access funding and start new ventures, further contributing to the country’s economic growth.

On the other hand, the main GDP drivers of Nepal can be attributed to the development of the hydropower sector, followed by tourism industry, and expansion of the services sector. The hydropower sector is particularly important, with the country’s potential of abundant water resources for generating significant amounts of electricity for both domestic consumption and export. The tourism industry is equally a major contributor to Nepal’s economy for employs many people. The services sector, like banking, telecommunications, and other related services, are also growing due to increasing demand and investment.

Both Bangladesh and Nepal have challenges in their efforts to sustain economic growth, including political instability, corruption, and natural disasters. However, both countries have not been able to significantly reduce the poverty levels and improve living standards for their citizens. In both countries, remittances are one of the largest sources of foreign currency and have helped to boost national GDP. Both countries have a sizable number of workers employed in the Middle East, Europe, and North America and their remittances have helped to reduce poverty, improve living standards, and boost consumer spending in the country. Remittances sent home by Bangladeshi migrant workers have been an important source of foreign currency, contributing to about 6% of the country’s GDP.

Nepal is heavily reliant on remittances. It is around 30% of the country’s GDP. Remittances have played a critical role in the economy because remittances have been used to finance education, health care, and housing for their families. Simultaneously, remittances have also helped to boost consumer spending, create jobs, and reduce poverty in Nepal. The other side of this phenomena of the remittance-culture is it has contributed negative impacts on the economy, such as creating a dependency on foreign currency and reducing incentives for domestic investment and innovation, and lackluster in the governance.

Future Trajectory in Consumer Market 

China and India are the most attractive markets in the region for investors, due to their large and rapidly growing consumer markets, as well as their stable political and economic environments. Noteworthy is that China has a large and growing middle class (over eight hundred million) and continues to drive for wider space for consumer goods and services. India is also home to a rapidly expanding middle class (around four hundred million), as well as a young and tech-savvy population that is driving growth in e-commerce and other digital industries. On the other hand, the consumer market size in China is the largest in the world, followed by India, Indonesia, Pakistan, and Bangladesh in Asia.

Bangladesh and Nepal with smaller middle-class population (Bangladesh is about forty million and Nepal is around six million) are smaller markets with less developed economies, they offer limited potential opportunities for investors in many sectors, except in textiles and garments in Bangladesh, and hydropower and tourism in Nepal. But, again, these markets are also characterized by higher levels of political and economic instability, which can make investing more challenging.

Middle-class in South-Asia has expanded rapidly in recent years. In fact, Asian market is growing, and it is expected to reach at 3.5 billion by 2030 according to World Economic Forum. By then, this region, lead by ASEAN, China, and India, will be the driving force of the global economy that is led by Asia’s growing middle-class. This can be attributed to factors like growing urbanization, education, and rising incomes, economic diversifications in most Asian countries.

United States has the largest consumer market, followed by China and then India. However, both India and China with large population are experiencing sustained economic growth. This could lead to increased consumer demand in future. This is important because there are potentials associated with the advantages of population dividends factor which is a significant element in determining future economic trajectories. In South-Asia countries like Bangladesh and Pakistan have also market potential due to high population if these countries were to ensure good governance and tackle corruption. The challenges for Bangladesh and Pakistan are to combat corruption for both countries are ranked high in 2022 International Corruption Perception in Index; Bangladesh is ranked at 144 and Pakistan at 140. Nepal is, with small population, ranks at 140 in this index. It is unlikely to register economic growth acceleration without expanding the consumer market base through regional economic collaboration based on comparative advantages of economy and production and benefitting from cost-effective and efficient supply chain.

The current political rhetoric on de-coupling trading relations between the two big economies USA and China is still a long way for they are heavily dependent on each other in areas of trading. USA is a significant market for both China and India, although it is expected that they will be exploring opportunities in other parts of the world. USA, China, and India will remain engaged between themselves for they are major players in the global market economy and due to inter-dependency in some important economic sectors, trading, information technology, for example. In 2022, trades between US-China hit a record high when US imports reached US$ 536.6 billion (6.3% higher), and export was $ 153.8 billion (1.63% higher). India’s export to China hit $ 3.51 billion during 2021 (annualized increase of 16.6%) and import was US$ 17.48 billion in 2022. Likewise, India’s export to USA was $76.11 billion and import was 43.31 billion.

Knowledge Economy and Asian Diaspora Community in the USA 

A knowledge-based economy is still the bedrock of world economy for it was this domain that broke trade barriers and changed the business environment with the start of online influential e-commerce marketplaces started by Amazon and eBay. It rapidly gradually grew and transformed the global trading landscape worldwide. The knowledge economy is characterized by the production, distribution, and use of knowledge and information, and it has played a crucial role in the global economy. In recent years, there has been a significant shift towards knowledge-based industries, which include digital technology, software, biotechnology, and other knowledge-intensive sectors.

The United States and China currently hold the knowledge economy dominance, with both countries being home to some of the world’s largest digital companies and knowledge-based firms. However, other countries such as Japan, South Korea, Germany, and Israel also have significant knowledge economies and knowledge-based industries. The biggest knowledge companies in the world like Apple, Amazon, Alphabet/Google, Microsoft, Meta/Facebook are highly influential and have a significant impact on innovation, job creation, and economic growth.

Among the diaspora community, the Indian diaspora is well-represented in the technology industry, with prominent Indian American entrepreneurs and executives leading some of the world’s largest tech companies. According to Forbes’ Billionaires list from 2021, there are currently eleven billionaires from India living in the United States. Apart from American companies hiring Indians directly from India, multi-national Indian IT companies like TATA, Infosys, Wipro, Tech Mahindra, Cognizant, HCL Tech create 80,000 jobs in the USA. Average income of Indian household in US earns an average of over one-hundred-thousand dollars per year, which is double the national average, according to US Census data.

Chinese, Indian, and Filipino descent are the largest and most influential Asian diaspora communities in the US. Some of the wealthiest diaspora communities in the US include those of Indian, Chinese, and Jewish descent. The Jewish diaspora in the US is one of the wealthiest and most influential communities, with prominent business leaders, entrepreneurs, and philanthropists.

The presence of Chinese and Indian diasporas communities has a notable presence in the economy. According to a report by the Migration Policy Institute, in 2015, there were approximately 2.6 million people of Chinese descent and 2.4 million people of Indian descent in the US. The Chinese and Indian diasporas have been able to exert some economic influence in their countries of origin through remittances, investments, and business connections. It is yet to be noticed high impact as economic driver played by Nepali and Bangladeshi diaspora in the USA and in the country of origin if compared with other diaspora community in the USA and lack influence in political arena.

Nepali diaspora members are smaller than other diasporas and highly educated are engaged in academia and research fields, but notably most are employed in blue-color jobs in diverse field such as malls, care providers and retail businesses. According to the Migration Policy Institute, the Nepalese community is only about 160,000 individuals in 2019. Some Nepali community organizations, however, claim that this figure is between 200 to 350,000, but it is smaller than other South-Asian diaspora communities in the USA.

Increasingly influential Indian American diaspora are engaged in the political economy of the US, with many prominent Indian Americans serving in the US government, civil servants, including elected officials, political appointees, and other influential positions. Indian Americans are also engaged in political fundraising, campaign contributions, and advocacy on various issues. According to a report by the Indian American Impact Fund, there are currently over two hundred Indian Americans holding elected or appointed positions at the federal, state, and local levels of government in the USA. Most Importantly, the next president of the World Bank Group will be a first Indian immigrant who will be assuming the office in June 2023, and since January 2022 the First Deputy Managing Director of IMF is an overseas citizen of India.

It is worth noting that Asian diaspora communities are highly educated and occupy a wide range of professional positions. For instance, Indians in the United States are often over-represented in Science Technology Engineering Mathematics (STEM) fields, including software development, engineering, and technology. Chinese diaspora is also involved in a wide range of fields, including technology, finance, and academia. Bangladeshi and Nepali communities are smaller in comparison to others and less visible at the national level.

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Kedar Neupane is a founding, executive board member of the Nepal Policy Institute, an independent think-tank , a retired senior UN official, and president of ‘We for Nepal’ association based in Geneva, Switzerland where he lives. He has worked in several countries in Africa, the Middle East, Asia and Europe in his 38 years of service with the UN system and was Senior Change Management Advisor to UN High Commissioner for Refugees. Views expressed are his personal analysis and do not represent of institutions. neupanek1950@gmail.com

(From:Transcend.org)

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