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UK MoS for South Asia Lord Tariq Ahmad meets former Foreign Secy Shringla in Delhi

New Delhi : UK Minister of State for the Middle East, South Asia, and United Nations Lord Tariq Ahmad, who is on a 5-day visit to India, met the former foreign secretary Harsh Vardhan Shringla in Delhi on Monday.

Apart from the UK Minister, the former Foreign Secretary also had a brief interaction with British deputy high commissioner Christina Scott.

“A great pleasure to meet Lord @tariqahmadbt, UK Minister in FCO and @CScottFCDO, UK Deputy High Commissioner @UKinIndia,” Shringla said, taking to Twitter.

The UK Minister is on India visit from May 27-31 with a focus on strengthening ties between the two nations in the science, research and innovation sectors.

Earlier today, External Affairs Minister S Jaishankar held a meeting with Lord Tariq Ahmad and discussed a range of issues including the Free Trade Agreement, Indo-Pacific and G20.

“Met with UK MOS Lord @tariqahmadbt today in New Delhi. Discussed a broad range of issues, from FTA and South Asia to Indo-Pacific and G20. Underlined the obligation to ensure security of our diplomatic missions and prevent misuse of democratic freedoms,” Jaishankar said in a tweet.

UK and India are working towards a mutually beneficial Free Trade Agreement (FTA). The ninth round of negotiations for a free trade agreement between India and the UK was held from April 24 to 28.

Lord Tariq Ahmad, who is Minister of State for Foreign CommonwealthDevelopment Affairs (South Asia, MEastNAfrica, UN, Human Rights) PM’s Special Envoy for Preventing Sexual Violence, landed in India two days back on May 27. After his arrival in India, he travelled to Jodhpur.

“…I arrived in Jodhpur, my maternal ancestral home. 76 years after my mother bid farewell to the Blue City I say ‘Salaam Jodhpur- Namaste Rajasthan’,” he said in a tweet.

“Jodhpur’s Mehrangarh Fort is steeped in a rich and diverse history. Pleasure touring the fort today to learn more about its architecture, restoration and conservation work,” he added. (ANI)

New York Street Named after Tenzing Norgay Sherpa

New York City, USA – In a tribute to the legendary mountaineer, Tenzing Norgay Sherpa, the City Council of District 25 in Queens, New York has officially named a street after him. The 75 Street, located at Broad Way and Woodside in Queens Borough, has been renamed in honor of Tenzing Norgay, the first person to set foot on Mount Everest, also known as Sagarmatha.

The decision to rename the street came in response to a proposal put forth by the United Sherpa Kidung and the USA Nepal Climbers Association, which was endorsed by the City Council last April. The campaign to honor Tenzing Norgay had been ongoing for the past six years, and its success is seen as a significant achievement for the Sherpa community.

Pasang Nima Sherpa, the President of the Climbers Association, expressed his pride in the street being named after Tenzing Sherpa, stating, “This recognition on Everest Day is a matter of great pride for all of us.” The dedication ceremony took place on Everest Day, a day that holds immense significance in the mountaineering community.

The efforts to honor Tenzing Norgay did not stop at the street renaming. Previously, Jennifer Rajkumar, the first South Asian Congresswoman, had successfully introduced a resolution to recognize May 29 as Mount Everest Day. This resolution further adds to the recognition of Tenzing Norgay’s historic achievement and its impact on the global climbing community.

The dedication ceremony was attended by Norbu Tenzing Norge, the son of Tenzing Norgay Sherpa, and Dame Tenzing Norge, along with representatives from the Nepali Embassy, leaders of the Nepali community, and other dignitaries. The event served as a momentous occasion to honor the enduring legacy of Tenzing Norgay, whose remarkable feat continues to inspire generations of climbers worldwide.

The newly named street stands as a lasting tribute to Tenzing Norgay Sherpa, reminding New Yorkers and visitors alike of the indomitable spirit and remarkable accomplishments of this legendary mountaineer.

Diplomatic Tensions Stir as Ex-Nepali PM Bhattarai Objects to India’s Parliament Mural Claiming Nepal’s Lumbini

Kathmandu – Former Prime Minister of Nepal, Baburam Bhattarai, has expressed his concern regarding the depiction of Nepal’s Kapilvastu and Lumbini as Indian territories in a mural displayed within India’s newly inaugurated parliament building. Bhattarai’s comments come amidst growing diplomatic tensions between the two countries.

The controversial mural, which depicts the concept of “Akhand Bharat” (Undivided India), was recently unveiled by Indian Prime Minister Narendra Modi. However, the inclusion of Nepal’s historically significant sites as part of Indian territory has sparked criticism and raised questions about the impact on bilateral relations.

Bhattarai emphasized that portraying Lumbini and Kapilvastu as Indian lands could potentially strain the diplomatic ties between Nepal and India. He warned that this move might lead to unnecessary and damaging diplomatic spats with neighboring countries and further erode the trust deficit already existing in India’s relations with its closest neighbors.

Calling for transparency and effective communication from Indian political leadership, Bhattarai urged them to clarify the intention and impact of the mural promptly. He stressed that addressing the concerns and apprehensions of Nepal and other neighboring countries would help prevent further escalation of tensions.

The mural’s portrayal of Nepal’s sacred sites as part of India has prompted discussions about the significance of cultural heritage and the potential implications for regional diplomacy. It remains to be seen how the Indian government will respond to these concerns and whether they will take steps to address the issue in order to maintain harmonious relations with their neighbors.

As diplomatic discussions unfold, this controversy highlights the delicate nature of border disputes and territorial claims between neighboring countries and the importance of respectful and accurate representation of shared historical and cultural heritage.

India launches next-gen navigational satellite

London — The Indian Space Research Organization (ISRO) achieved another milestone on Monday as it successfully launched the country’s second-generation navigation satellite, NVS-01. Weighing approximately 2,232 kg, the navigational satellite was launched from the Satish Dhawan Space Center in Sriharikota, Andhra Pradesh state.

NVS-01 is a significant advancement in India’s satellite technology, as it marks the country’s first second-generation satellite designed specifically for the Navigation with Indian Constellation services. This system aims to provide precise positioning and timing services for a variety of applications, including transportation, disaster management, and location-based services.

One noteworthy feature of NVS-01 is the inclusion of an indigenous atomic clock, a first for Indian satellites. The atomic clock is a highly accurate timekeeping device that utilizes the vibrations of atoms to measure time. Its integration into NVS-01 signifies India’s progress in developing advanced space technologies and reducing its reliance on foreign imports.

The successful launch of NVS-01 represents a significant achievement for ISRO and India’s space program. The organization has been consistently striving to enhance its satellite capabilities and contribute to the nation’s technological advancements. With NVS-01, India strengthens its position in the global navigation satellite system domain and demonstrates its commitment to self-reliance in space technology.

The launch was conducted using an expendable Geosynchronous Satellite Launch Vehicle (GSLV) rocket, showcasing India’s capability to deploy satellites into space independently. ISRO’s Satish Dhawan Space Center, located in Sriharikota, has been instrumental in facilitating numerous successful launches, solidifying its reputation as a key spaceport in the country.

As NVS-01 begins its operational phase, it is expected to play a vital role in providing reliable navigation services to various sectors in India. The satellite’s advanced features and capabilities will contribute to the country’s development in fields such as transportation infrastructure, disaster response, and geospatial mapping.

ISRO’s accomplishment in launching NVS-01 not only reinforces India’s presence in space technology but also signifies its determination to continue advancing in the field. The successful deployment of the second-generation navigation satellite sets the stage for future endeavors and showcases India’s commitment to exploring the possibilities of space for the betterment of society.

A rights group calls upon Nepal PM to raise the issue of Bhutanese Political Prisoners

London – A Bhutanese rights group has called upon Nepal’s Prime Minister, Pushpa Kamal Dahal, to raise the issue of Bhutanese political prisoners with Indian Prime Minister during his visit to Delhi beginning Wednesday.

In a statement, Ram Karki, coordinator of theGlobal Campaign for the Release of Political Prisoners in Bhutan (GCRPPB), said that the long issue of Bhutanese political prisoners is still lingering unresolved. “More than 50 political activists are still serving life sentences in various prisons in Bhutan since the early 1990s and later. India’s support is crucial if this grave humanitarian issue has to be resolved as Bhutan listens to India’s concerns and suggestions,” said Karki adding, “More than 6,500 Bhutanese refugees live in the two camps in eastern Nepal after eviction in the early 1990s. Out of them, 2,500 of them have been waiting fruitlessly for their return to Bhutan for several decades.”

The GCRPPB has appealed  Prime Minister  Puspa Kamal Dahal to seek Indian support for the early repatriation of those willing Bhutanese refugees living in the refugee camps in Nepal and also urge India to help release Bhutanese Political Prisoners who have been languishing in various prisons in Bhutan since their arrest between 1990 and 2009 for their political activities. 

“The long impending issue of Bhutanese refugees in the camps has created several problems in Nepal. One of the largest corruption scandals rocking Nepal now arose only due to the Bhutanese refugee camps in eastern Nepal. Fifteen times Nepal-Bhutan bilateral talks failed to resolve this issue, and India’s support is necessary for its resolution,” the statement said.

Nepal’s Prime Minister Dahal is paying a three-day visit to Delhi at the invitation of his Indian counterpart, Narendra Modi. Both leaders are expected to discuss range of issues during their bilateral meetings including on issues related to trade, investment, tourism and border dispute.

70 years after the first ascent of Everest, the impact of mass mountaineering must be confronted

 Yana Wengel, Hainan University,

 Adele Doran, Sheffield Hallam University,

 Michal Apollo, University of Silesia in Katowice
Mountains – their height, their mass, their climates and ecosystems – have fascinated humans for thousands of years. But there is one that holds extra-special meaning for many – Mount Everest, or Chomolungma as the Nepalese Sherpa people call it. 

A sacred mountain for some, for others the world’s highest peak represents a challenge and a lifelong dream. Seventy years ago, on May 29, 1953, that challenge and dream became reality for two members of a British expedition: New Zealander Edmund Hillary and Sherpa Tenzing Norgay became the first people to reach the 8,848.86-metre summit. 

Their achievement was a testament to endurance and determination. It was also the crowning glory of the British expedition’s nationalistic motivations on the eve of the young Queen Elizabeth’s coronation. 

From our vantage in the present, it also represents a high point, not just in climbing terms, but in what we now think of as the modern era of mountaineering. Since then, mountaineering has become massively popular and commercial – with serious implications for the cultures and environments that sustain it.

Scaling the heights

The early mountaineering era began in 1786 when Jaques Balmat and Michel Paccard reached the summit of Mont Blanc, the highest peak in the European Alps at 4,808 metres. From 1854 to 1899 (known as the classic mountaineering period), advances in climbing technology saw ascending peaks by challenging routes become possible and popular. 

During the modern era from 1900 to 1963, mountaineers pushed further into the Andes cordillera in South America, explored polar mountains and began high-altitude climbing in Central Asia.

Shishapangma, the last of the world’s 8,000-metre peaks to be climbed, was scaled in 1964, marking the start of contemporary mountaineering. Since then, all of the world’s 8,000-metre peaks have been climbed in winter, culminating in the historic winter scaling of the 8,611-metre K2 by a Nepalese expedition in 2021. 

The record-setting assault on the world’s 14 highest peaks by Nirmal Puja in 2019 set the stage for a new period of commercial mass mountaineering – involving expectations and conditions that would have stunned the likes of Hillary and Norgey.

Mass mountaineering

The relatively recent influx of what some call novice mountaineers, who may expect luxury packages and a guarantee of summiting, can have dangerous consequences.

Sleeping in heated tents, not preparing their own food or helping to move equipment, does not test mental and physical fitness in such challenging environments. Pushing to the summit may put their own lives, and the lives of other climbers and rescue teams, at risk.

And yet the number of people attempting to climb famous peaks such as Kilimanjaro in Tanzania or Aconcagua in Argentina has increased dramatically. In 2019, there were 878 successful summits on Everest alone.

The days when true mountaineers were looking for new routes and climbing with minimum support have almost disappeared from commercial peaks like Everest. And many of these commercial climbers would not have a chance without professional support. 

In 1992, for example, when the first commercial mountaineering expeditions on Everest began, 22 Sherpas and 65 paying mountaineers summited – one Sherpa for three clients. Nowadays, two or even three Sherpas for each member of a commercial expedition is common.

But the romance and achievements of past mountaineers, combined with social media images and an “all-inclusive” adventure tourism industry, can lull inexperienced climbers into a false sense of security. On Everest, this has led to overcrowding, environmental degradation and increased risks for all climbers.

During the first two years of the COVID-19 pandemic, Nepal’s Khumbu region – where Everest sits – was effectively shut for climbing. This year, however, some estimate a record of more than 1,000 people could reach the summit.

The next challenge

Experienced mountaineers are responding to the challenges of overcrowding, pollution and socio-cultural impacts on mountain communities by advocating for more responsible and sustainable mountaineering practices. 

They want stricter regulations and better training to protect the fragile ecosystems of the Himalayas and other mountain ranges worldwide. 

This will require many stakeholders to play their part, including governments, mountaineering organisations, tourism operators and local communities. Ultimately, the future of mountaineering depends on preserving these unique mountain environments in the first place. 

Finally, maybe it’s time to introduce minimum skill requirements for climbing the world’s highest peak.

As we mark the 70th anniversary of the first ascent of Everest, we need to reflect on the changes that have taken place in mountaineering since. Paradoxically, while it has become more accessible and popular, it has also become more challenging and complex. 

Meeting those challenges and solving the problems will be the best way to honour the extraordinary achievement of Edmund Hillary and Tenzing Norgay.(From: The Conversation)

Pakistan Ranked as Cheapest Country to Live In, According to World of Statistics

Islamabad— Despite facing economic challenges, political unrest, and high inflation rates, Pakistan has been recognized as the “cheapest country globally to live in,” as per the latest ranking by the World of Statistics. The ranking takes into account the cost of living plus rent index, highlighting the affordability of various nations.

Pakistan secured the top position on the list, followed by Egypt in second place and India in third place. Nepal also made its mark by securing the seventh position in the ranking. The cost of living and related indices are measured in terms of US dollars required to sustain a comfortable lifestyle in a particular country.

Pakistan’s ranking, with an index score of 18, reflects its remarkably low cost of living compared to other nations. The Rent Index score stands at 3.4, further emphasizing the affordability of accommodation in the country. Additionally, Pakistan’s Groceries Index score is 15.4, the Restaurant Price Index is 13.7, and the Local Purchasing Power Index score is 24.4.

Following closely behind Pakistan, other countries recognized for their cost-effectiveness include Egypt, India, and Colombia. These findings have significant implications for individuals seeking affordable living options, particularly in a time when economic challenges, political unrest, and inflation are prevalent.

Conversely, the ranking also sheds light on the most expensive countries to reside in. Bermuda tops the list, known for its high cost of living, followed by Switzerland, Cayman Islands, and Bahamas, known for their affluent lifestyles.

Pakistan’s recognition as the cheapest country to live in has captured the attention of global economists and individuals contemplating relocation. It raises questions about the country’s economic dynamics and affordability, stimulating further analysis and discussion.

These rankings are determined by comparing the cost of various necessities, such as housing, groceries, taxes, and healthcare, in different countries. The costs are then compared to a baseline city, such as New York City, to enable nation-to-nation comparisons. The compiled data showcases the significant variations in the cost of living worldwide.

For a more detailed breakdown of the top 10 cheapest countries to live in, the following information is provided:

Top 10 Cheapest Countries to Live In (in monthly US$) – Living Cost

  1. Afghanistan – $354
  2. Pakistan – $370
  3. India – $423
  4. Tunisia – $424
  5. Sri Lanka – $428
  6. Kyrgyzstan – $430
  7. Algeria – $431
  8. Syria – $435
  9. Nepal – $439
  10. Turkey – $447

Top 10 Cheapest Countries to Live In (New York City, USA = 100) – Numbeo

  1. Pakistan – 13.87
  2. India – 15.84
  3. Afghanistan – 16.54
  4. Nepal – 17.01
  5. Algeria – 17.34
  6. Syria – 17.83
  7. Tunisia – 18.15
  8. Egypt – 18.43
  9. Kosovo (territory) – 19.00
  10. Uzbekistan – 19.02

Top 10 Cheapest Countries to Live In (Global average = 100) – Global Economy

  1. Egypt – 27.37
  2. Ukraine – 37.76
  3. Sudan – 38.29
  4. Kyrgyzstan – 40.38
  5. Azerbaijan – 40.56
  6. Burma – 41.08
  7. Sierra Leone – 41.32
  8. Nepal – 41.85 9

Climate-Related Disruptions in Hindu Kush-Himalayan Water System Pose Risks to Asian Countries

Asian countries are facing increasing risks to economic development and energy security due to climate-related disruptions in the crucial Hindu Kush-Himalayan water system, according to researchers. The China Water Risk think tank highlighted that the basins of the 10 major rivers originating from the Hindu Kush-Himalayan water towers are home to 1.9 billion people and contribute $4.3 trillion to the annual GDP. The impacts of climate change, such as glacial melt and extreme weather events, already pose “grave threats” to the region.

The researchers cautioned that without effective emissions reduction measures, all rivers in the region would face escalating and compounding water risks. Furthermore, the construction of water-intensive energy infrastructure exacerbates the existing problems. The 10 rivers, including the Ganges, Brahmaputra, Yangtze, Yellow, Mekong, and Salween, support nearly three-quarters of hydropower and 44% of coal-fired power in 16 countries, including India, Bangladesh, Afghanistan, Nepal, and Southeast Asia.

Around 865 gigawatts (GW) of power capacity along these rivers are considered vulnerable to climate risks, with a significant portion reliant on water. More than 300 GW, equivalent to Japan’s power capacity, is situated in regions facing high or extremely high water risks. Last year, China’s Yangtze River basin, which sustains about a third of the country’s population and 15% of its power capacity, experienced a record-long drought, resulting in a decline in hydroelectric output that disrupted global supply chains.

In response to the drought, governments approved the construction of numerous new coal-fired power plants to mitigate future hydropower disruptions. However, coal-fired power generation also requires water, and the surge in capacity in China and India could further exacerbate water shortages. As the risks associated with climate change continue to mount, countries are facing pressure to develop policies that ensure the alignment of energy and water security.

The researchers emphasized that water security should be a determining factor in energy security since power choices can impact water availability, and the lack of water can jeopardize power assets. Concerted efforts and policy measures are required to safeguard regional water flows and mitigate the risks posed by climate change to the Hindu Kush-Himalayan water system.

Former Nepali Ministers and Officials Charged with Corruption in Fake Refugee Scandal

Kathmandu, Nepal – Nepali prosecutors have filed corruption charges against 30 individuals, including two former cabinet ministers, in connection with a case involving the falsification of documents for Nepali nationals to enter the United States posing as Bhutanese refugees. The former Home Minister Bal Krishna Khand, former Energy Minister Tope Bahadur Rayamajhi, and former Home Secretary Tek Narayan Pandey, along with 13 others, have been detained and charged, while the police are currently searching for the remaining 14 who were charged in absentia.

Lakshman Upadhyay Ghimire, a spokesperson for the district attorney’s office, announced that the accused face charges of “cheating, organized crime, document forgery, and state offenses.” The case was registered at the Kathmandu District Court following an investigation by the police into allegations that the individuals involved had collected significant sums of money from hundreds of Nepali nationals, promising to facilitate their entry into the United States as Bhutanese refugees.

Ghimire told Reuters news agency, “If found guilty, they could face imprisonment of over 15 years.” The Kathmandu Post reported that the accused are believed to have swindled approximately 875 Nepali nationals out of millions of rupees. Additionally, it was revealed that Tope Bahadur Rayamajhi has been suspended from his position as a secretary of the Communist Party of Nepal (Unified Marxist-Leninist) party.

The case has shed light on the plight of Bhutanese nationals of Nepali origin, with over 120,000 individuals expelled from or fleeing Bhutan to Nepal since the early 1990s. Out of this population, nearly 113,000 have been resettled in various countries, including the United States, Canada, and Australia, through a third-country resettlement program. Despite these efforts, several thousand individuals remain in camps in eastern Nepal, expressing a desire to return to Bhutan.

At this stage, it remains unclear whether any Nepali nationals have successfully entered the United States under false pretenses as fake Bhutanese refugees. However, the charges against the 30 individuals involved highlight the need for greater scrutiny and measures to combat corruption and fraudulent practices within the immigration system.

The case has stirred public outrage in Nepal, and authorities are expected to conduct a thorough investigation to ensure justice is served and to prevent such incidents from recurring in the future.

UK Announces Measures to Restrict Family Members of International Students Amid Immigration Pressure

London – The UK government has announced significant restrictions on student visa routes in a bid to reduce net migration. The new measures include limiting the ability of international students to bring family members, except for post-graduate research routes, and preventing individuals from using student visas as a backdoor entry to work in the country.

According to the Office for National Statistics (ONS), net migration from June 2021 to June 2022 was estimated to be over 500,000. While temporary factors such as the UK’s Ukraine and Hong Kong schemes contributed to the rise, nearly half a million student visas were issued last year. The number of dependants of overseas students has also surged by 750% since 2019, reaching 136,000 people.

The government emphasized its commitment to the International Education Strategy, acknowledging the economic contribution that students bring to the UK. However, it stressed that this should not come at the expense of the government’s promise to the public to lower overall migration and prioritize highly skilled individuals who can offer the most benefit to the country.

The proposed changes to the student visa route, set to take effect from January next year, aim to align with the International Education Strategy while significantly reducing net migration. The government confirmed that the terms of the graduate route will remain unchanged.

To prevent visa system misuse, overseas students will be barred from switching from the student visa route to work routes until they complete their studies. The government also plans to review the financial requirements for students to demonstrate their ability to support themselves and their dependants in the UK. Additionally, measures will be taken to clamp down on unscrupulous international student agents who support inappropriate visa applications.

The government believes that in conjunction with the easing of temporary factors, these changes will lead to a considerable decline in net migration over the medium term. The reforms aim to strike a balance between supporting the UK economy, including its world-leading education institutions, and fulfilling the government’s commitment to reducing overall net migration.

Home Secretary Suella Braverman stated that while the UK remains a top destination for the brightest students, there has been an unprecedented rise in the number of student dependants entering the country. Braverman highlighted the importance of tightening this route to cut migration numbers, protect public services, and support the economy.

Education Secretary Gillian Keegan echoed the sentiment, emphasizing that reducing the number of family members brought to the UK by students is necessary while maintaining the commitment to the International Education Strategy.

Following the UK’s departure from the EU, the government implemented a points-based immigration system to gain full control over the country’s borders. The system is designed to adapt to the needs of the economy and labor market, ensuring access to the skills and talent required by UK businesses and the NHS.

The government will continue to review its immigration policies to ensure they align with public commitments regarding net migration.

HSBC Appoints Head of Wealth and Personal Banking for South Asia to Drive Expansion

Singapore – HSBC has announced the appointment of Kai Zhang as the head of Wealth and Personal Banking (WPB) for South Asia, effective from June 26. Zhang, with over 25 years of experience in the financial services sector, will be based in Singapore and report to WPB Chief Executive Nuno Matos and APAC co-CEO Surendra Rosha.

In her new role, Zhang will be responsible for spearheading the expansion of HSBC’s WPB division in South Asia, covering eight markets including Singapore, India, Taiwan, Australia, Malaysia, Indonesia, Vietnam, and the Philippines. She will work towards strengthening the connection between WPB in South Asia and HSBC’s wholesale banking franchises, as well as its global network.

Prior to joining HSBC, Zhang held leadership positions at prominent financial institutions such as Citi and McKinsey & Company, leveraging her extensive financial services experience in North America and Asia. Most recently, she served as the CEO and General Manager of Manulife-Sinochem Life Insurance Company since 2016.

HSBC’s WPB unit in South Asia has experienced significant growth in invested assets, net new invested assets, and wealth management revenues in 2022, with double-digit percentage increases. Singapore witnessed a 22 percent growth in invested assets, while India saw a remarkable surge of 215 percent. Additionally, the bank recorded a more than 50 percent increase in international accounts from new customers during the same period.

Nuno Matos, WPB Chief Executive, expressed enthusiasm for the future, stating, “[South Asia’s] economic dynamism and demographic profile are fuelling wealth creation and uplifting communities, providing long-term opportunities that are squarely within our reach. It’s an exciting time to grow with our customers in these markets, and we’re committed to deepening our investments in the region.”

With Kai Zhang’s appointment, HSBC aims to capitalize on the flourishing economic landscape of South Asia and leverage the region’s potential for long-term growth. The expansion of the WPB division in South Asia reflects the bank’s commitment to serving its customers and reinforcing its presence in key markets.

His Holiness Mahant Swami Maharaj receives warm reception and offers blessings to Londoners

London, May 23, 2023 – The Mayor of London, Sadiq Khan, expressed his privilege and honor as he welcomed His Holiness Mahant Swami Maharaj to the city, emphasizing the significant role the esteemed Hindu leader plays in the global community. During his visit to BAPS Shri Swaminarayan Mandir, popularly known as the Neasden Temple, the Mayor joined thousands of devotees in receiving blessings from His Holiness.

His Holiness Mahant Swami Maharaj, who serves as the global spiritual leader to hundreds of thousands of Hindus in London and over a million in the UK, is currently staying at the temple. The Mayor had a private audience with the revered spiritual leader, who bestowed blessings and well wishes upon him and the city of London.

The visit on Sunday, May 21, witnessed a gathering of more than 3,000 worshippers, where the Mayor addressed the congregation with a short speech. In his remarks, Mayor Sadiq Khan expressed his gratitude to the leadership and elders of the Neasden Temple for their warm welcome and hospitality. He also acknowledged the invaluable contributions of Hindu Londoners, both socially and economically, while celebrating the city’s rich diversity.

Mayor Khan commended the relentless efforts of BAPS volunteers in serving the diverse communities of London. He highlighted their initiatives to promote vaccination uptake and their commitment to fostering interfaith dialogue, which has helped break down barriers within the city.

This is not the first time Mayor Sadiq Khan has visited the Neasden Temple. He previously attended the Diwali celebrations in November 2022, demonstrating his commitment to recognizing and celebrating the cultural and religious diversity of London.

The Mayor’s warm reception of His Holiness Mahant Swami Maharaj and his acknowledgment of the vital role played by Hindu communities in London reinforce his pledge to be a Mayor for all Londoners.

How debt-for-nature swaps can help create a more resilient South Asia

Omair Ahmad

Last year, Sri Lanka was plunged into economic crisis. As the country struggles in the aftermath of its sovereign debt default in April 2022, officials have said they are considering a debt-for-nature swap. If this happens, this would remove USD 1 billion from Sri Lanka’s outstanding USD 40 billion of debt.

With Ecuador having earlier this month completed the world’s biggest debt-for-nature swap to date, taking roughly USD 1.6 billion off its national debt, these deals look set to play a bigger role in dealing with both debt burdens and biodiversity conservation.

Being home to some of the world’s most important biodiversity hotspots, South Asian countries, several of which are struggling under the weight of their debt, could benefit from these innovative schemes.

How do debt-for-nature swaps work?
A debt-for-nature swap can be multi-party or bilateral. The most common form of multi-party debt-for-nature deal is when a third-party institution – usually an international non-governmental organisation such as Conservation International – buys part of a country’s external debt from the institution that had bought it initially, often at a discount. That organisation then agrees to let the debtor country pay the debt off by investing a certain amount of local currency – usually significantly less than the face value of the original debt – in a biodiversity conservation plan.

In a bilateral deal, a country which owns some of another country’s debt agrees to discount it in exchange for the debtor country investing an agreed amount in a conservation plan. This frees the indebted country from having to pay off some of its debt in US dollars ­(which international debt is paid in), and it can instead invest its own resources to preserve its biodiversity.

The history of debt-for-nature swaps
The notion of debt-for-nature swaps was first mooted in 1984 by Thomas Lovejoy, the former vice-president for science at the World Wildlife Fund-US, in response to the Latin American debt crisis. The first debt-for-nature swap was a third-party deal facilitated by Conservation International. Finalised in 1987, it involved foreign creditors agreeing forgive USD 650,000 of Bolivia’s debt in exchange for the country setting aside 1.5 million hectares in the Amazon Basin for conservation efforts.

Initially, debt-for-nature swaps were largely offered to Latin American countries, and later to some African countries, Poland, and some countries in the Middle East. These included bilateral debt-for-nature deals accepted by the Paris Club – an informal group of creditor countries – in the 1990s. According to analysis published in October 2022 by the African Development Bank, the 140 debt-for-nature swaps that took place between 1987 and 2003 accounted for a total of USD 1 billion, with a median value of about USD 25 million each, with the most credit-for-nature swaps made in the 1990s.

How debt-for-nature swaps could help South Asia
The debt crisis currently facing the Global South has highlighted the need for new solutions. Debt-for-nature swaps are seen by many actors – from governments and financial institutions to conservation organisations – as an important part of this. This is because developing countries face two interlinked problems. First, they need to borrow from international creditors to finance their development plans. Second, they must insulate, or adapt, their development to deal with the increasing impacts of climate change and biodiversity loss.
The scale of the challenge is striking in South Asia. Sri Lanka is still dealing with the impact of its poor financial management. Pakistan’s deeply indebted economy is struggling to recover from the 2022 floods, the cost of which is estimated at over USD 30 billion. While donors had pledged over USD 8 billion in aid, much of this has yet to be received. The Maldives, Nepal and Bangladesh are all struggling with rising food and housing costs, while India’s growth has slowed significantly.

Meanwhile, with the US Federal Reserve hiking interest rates, investments are flowing back into the United States. Developing countries have to contend with a stronger dollar, meaning the cost of repaying debt has increased. Researchers have calculated that “creditors will need to forgive up to USD 520 billion of the USD 812 billion in debt some 61 countries need to have restructured”.

The future for debt-for-nature swaps
The scale of the global debt crisis as well as the need for environmentally sensitive development make debt-for-nature swaps increasingly attractive, but there are major challenges to implementing them. The case of Belize’s 2021 debt-for-nature swap is illuminating in terms of what a deal can, and cannot, do. As Belize looked at a possible debt default or a highly austere loan, it reached a complicated deal with the Belize Blue Investment Company (created by NGO The Nature Conservancy) and Credit Suisse, through which it was able to wipe off some of its debt and instead issue ‘blue bonds’ to preserve its marine ecosystems.

While the deal helped Belize to avoid a painful financial decision, and certainly achieved investment in conservation, it only wiped away 12% of the country’s debt, at a price of USD 85 million in long-term transaction costs. Belize was still left with huge debts. Since debt-for-nature swaps are not part of normal financial institutional systems, the costs of insuring such transactions are high. Furthermore, credit agencies still regard them essentially as defaults, meaning the country’s credit rating gets downgraded, if not as much as in a full default.
A 2022 International Monetary Fund article notes that grants offer a simpler way of dealing with debt, stating that, “a swap cannot restore solvency [to a debtor country] unless it involves a sufficiently large share of a country’s debt and substantial relief… So far, no swap has come close to achieving this.” Furthermore, it seems contrary that a country should have to be at the point of economic collapse before a debt-for-nature swap is put in place, especially considering that if the developed countries that hold the debt, such as the members of the Paris Club, paid what they had pledged to developing countries in terms of climate finance, the debtor country might not have to be pushed to the brink of bankruptcy in the first place.

Despite these problems, the debt-for-nature swap market appears to be growing – Bloomberg estimates that it will reach USD 800 billion. This would go a long way towards reaching the goal of USD 4.3 trillion in annual financial flows by 2030 that think tank the Climate Policy Initiative estimates will be needed to offset the worst impacts of climate change. Protecting the natural environment remains one of the best way to combat those impacts, and debt-for-nature swaps could enable developing countries to do this while giving them fiscal space to pursue their development goals.

This story was originally published in The Third Pole.

Nepal Announces Preliminary Squad for ICC Cricket World Cup Qualifiers

KATHMANDU: Nepal’s national cricket team is gearing up for the upcoming ICC Cricket World Cup Qualifiers in Zimbabwe as Coach Monty Desai announced the preliminary squad consisting of 22 players.

The preliminary squad includes talented players such as Kushal Bhurtel, Aasif Sheikh, Gyanendra Mall, and captain Rohit Poudel. Other notable names in the squad are Kushal Malla, Aarif Sheikh, Dipendra Singh Airee, and Sandeep Lamichhane, among others. The team will undergo intense training starting tomorrow, with the aim of honing their skills and boosting morale.

After the week-long training, the final 15-member squad for the World Cup Qualifiers will be announced. The national team is set to travel to South Africa next week for further preparations before the tournament. The Cricket Association of Nepal (CAN) is making arrangements to send the team to South Africa on May 31.

Prior to their departure for South Africa, the Nepali team will undergo a week of training at home. Following this, the final squad will be announced. The team will then spend ten days in South Africa for rigorous preparation before heading to Zimbabwe a week before the tournament commences.

The World Cup Qualifiers will feature ten teams, including four test-playing nations. Former champions Sri Lanka, two-time champions West Indies, Ireland, and host nation Zimbabwe will participate in the tournament. Alongside Nepal, Oman and Scotland have secured their places in the qualifiers from League-2.

The Nepali cricket team is looking forward to showcasing their skills and putting up a strong performance in the qualifiers as they aim to secure a spot in the ICC Cricket World Cup.

Overheating World on Course to Break 1.5C Temperature Limit, Scientists Warn

Scientists predict that our warming world is set to surpass a critical temperature threshold for the first time in the next few years, raising concerns about accelerating climate change. According to researchers, there is a 66% probability that we will exceed the 1.5C global warming limit between now and 2027.

The likelihood of surpassing this limit is increasing due to ongoing human-generated emissions and the potential occurrence of an El Niño weather pattern later this year. Although breaching the threshold would be worrying, scientists believe it would likely be temporary in nature.

If the world exceeds the 1.5C limit, it means that the average global temperature would be 1.5 degrees Celsius warmer than it was during the second half of the 19th Century, before industrialization led to a significant increase in fossil fuel emissions. Breaking the limit, even for just a single year, indicates that warming is accelerating rather than slowing down.

The figure of 1.5C has become a symbolic target in global climate change negotiations, with countries pledging to make efforts to limit temperature rises under the 2015 Paris Agreement. Sustained surpassing of this limit over a decade or more would result in more severe consequences, including prolonged heatwaves, intensified storms, and increased frequency of wildfires.

However, exceeding the 1.5C threshold in the coming years does not necessarily mean that the Paris limit has been breached permanently. Scientists emphasize that there is still time to mitigate global warming by drastically reducing emissions.

The World Meteorological Organisation (WMO) has been providing estimates of the chances of surpassing the 1.5C threshold since 2020. Initially, they predicted less than a 20% likelihood of exceeding 1.5C within the next five years. By last year, the probability had risen to 50%, and now it stands at 66%, indicating that surpassing the limit is becoming increasingly likely.

While the 1.5C figure is not a direct measurement of the world’s temperature, it serves as an indicator of the extent of global warming compared to the long-term average. Scientists use average temperature data from 1850-1900 as a reference point for pre-industrial levels.

Over the past few decades, global temperatures have risen by 1.28C above the pre-industrial figure, with 2016 being the warmest year on record. Researchers are now 98% certain that this record will be broken before 2027 and believe that the 1.5C threshold will likely be surpassed within the next few years.

Although the temporary exceedance of 1.5C would be unprecedented in human history, it would need to be sustained for 20 years to indicate a breach of the Paris Agreement’s long-term warming goals.

The two key factors contributing to the increased likelihood of surpassing the limit are the ongoing rise in carbon emissions from human activities, despite a temporary decline during the pandemic, and the potential occurrence of an El Niño event, which would further elevate global temperatures, BBC reported.

The impacts of surpassing the 1.5C threshold would vary globally, with the Arctic experiencing warming at a higher rate than other regions. Northern Europe, including the UK, is expected to see increased rainfall during the May to September period over the next five years, according to the report.

While the situation is concerning, scientists emphasize that there is still an opportunity to mitigate the effects of climate change by taking immediate and significant actions to reduce emissions and implement sustainable practices.

What is Next for the Left-Wing Politics in India?

Bhabani Shankar Nayak

The defeat of BJP-led Hindutva politics in Karnataka is cause for celebration and hope for India’s secular constitutional democracy. The people of Karnataka rejected divisive and bigoted politics under Mr. Narendra Modi’s leadership. His campaign focused on polarization, while the Congress Party led a positive campaign. The Congress Party successfully consolidated its votes and organization, countering Hindutva propaganda with its five ‘guarantees’ policy promises. These guarantees include providing 200 units of free electricity to every household through ‘Gruha Jyothi’, grant of Rs 2,000 to every woman heading a family through ‘Gruha Lakshmi’, 10 kg of rice per month to every member of BPL families through ‘Anna Bhagya’, sanctioning of Rs 3,000 to unemployed graduates and diploma holders (18-25 age group) for two years through ‘Yuva Nidhi’,’ and offering free travel for women through the ‘Shakti’ scheme. These alternative policies were crucial to the Congress Party’s victory.

In spite of electoral defeat, the Hindutva politics continues to enjoy significant support base in Karnataka. The BJP has secured 36% of the total votes, which shows that Hindutva is defeated but not down. The Hindutva forces led by BJP is going to be more reactionary to consolidate their higher caste Hindu vote bank after their electoral defeat. Therefore, it is imperative to move beyond electoral populism to deracinate Hindutva to ensure prosperity, peace and social harmony among all communities in the state.  The progressive and democratic governance along with educational and cultural interventions based on material history and science can shape popular culture to dismantle Hindutva project and its base.  

The decline in vote share of left parties in the Karnataka assembly election is a disturbing outcome. These parties lost elections in all their strongholds. Some lazy political analysis attributes this to weak trade union movements and identity politics. The left parties have engaged in internal conflicts and formed political alliances without a clear direction, prioritizing personal differences over ideological class positions. This decline in the left’s vote share is disastrous for the working people of the state and sends a negative signal to national politics. The political disunity among left parties is a clear example of missed opportunities in working-class politics and the promotion of radical political consciousness. Once again, the left parties have failed to effectively address the challenges posed by the capitalist onslaught led by Hindutva fascism in India.

The communist parties have failed to come to an understanding for an united left front based on issues of people. It sends a wrong signal to the masses that left parties lack basic understanding of their everyday issues and challenges in life. The Communist Party of India (Marxist) had its tactical alliance with the Janata Dal (Secular) and the Republican Party of India (Prakash Ambedkar faction) (RPI-K). The JD (S) has provided outside support to the alliance candidates in three seats only when RPI-K contested for ten seats and the CPI(M) contested four seats.The Socialist Unity Centre of India (Communist) [SUCI(C)] has fought in fourteen constituencies in ten districts. The Communist Party of India (Marxist-Leninist) and Liberation (CPI-ML) have contested in two seats. The CPI and CPI (M) candidates have fought against each other in the KGF seat where as the CPI-ML and CPI (M) have fought against each other in KR Puram (Bengaluru Urban district). The CPI (M) and SUCI (C) have contested against each other in the Gulbarga rural seat. The left parties have fought against each other and lost in several seats without forming any form of political understandings.Such a political trend in left politics only empowers reactionary political forces in the long run. The disunity of left weakens working people, citizenship rights, and their share in the democratic politics. The electoral defeats of the left political parties weaken the welfare and democratic state. 

Political Collaboration and Cooperation

Left politics is the moral compass and political anchor of the working people to uphold the economic interests of the masses for a progressive and democratic society. Left unity is central to the working-class political project in India. The political collaboration and cooperation among left wing political parties, groups and movements based on common objectives and shared values are crucial to achieve collective political progress and deepening of working-class politics. There is no doubt that the left encompasses a diverse range of ideologies and perspectives, the principle of left unity must encourage setting aside differences and focusing on shared values and goals. The significance of left unity in fostering social change, addressing common challenges, and promoting a more equitable and just society depends on the collective struggles of the left parties. The mass movements can overcome the ideological fragmentations by acknowledging the inherent strengths in diversity. 

The left unity challenges existing power structures and promotes dialogue, understanding, and the exchange of ideas. It encourages activists, organizations, and political parties to unite their efforts, pooling their resources, skills, and networks to create a more powerful force for change. By building bridges rather than walls, left unity amplifies the collective voice of the left, making it more effective in challenging existing power structures and advocating for progressive policies.  The left parties and their unity can only mobilise people against all forms of inequality and exploitation in the society by appealing to the wider society.  This wider collaboration enables the left to create coalitions that span various social, economic, and cultural divides. The united left can achieve greater influence and electoral success, translating its ideals into tangible policy changes for societal transformation. The left parties need to amplify the voices and interests of the working people by transcending ideological differences and focusing on shared goals, left unity can pave the way for significant social, economic, and environmental transformations.

Ultimately, the future of left-wing politics in India depends on the actions and strategies adopted by the parties involved, the ability to connect with the aspirations and concerns of the people, and the capacity to effectively navigate the changing political landscape.Left unity can provide foundations for progressive social, economic, cultural and environmental transformation by upholding interests of the working people. Left politics can only shape the future of a formidable mass movement capable of challenging all exploitative structures to create peaceful and egalitarian society. The forward march of the Left unity is not only the starting point but also the only available alternative to defeat the twin dangers of Hindutva fascism and capitalism in India.

(The author is Professor at the University for Creative Arts, UK. The views expressed here are his own – Ed.)