सुनाखरी न्युज
२०७६ आश्विन २७ , सोमवार

English News

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Sustainable Banking Network Accelerates Expansion of Sustainable Finance in Emerging Markets

   Sunakharinews/ WASHINGTON D.C.- Almost half of the global emerging market economies to have initiated key financial marketsreforms to drive development and fight climate change are in the Asia-Pacific region, according to the second Global Progress Report of the IFC-facilitated Sustainable Banking Network (SBN). These reforms require banks and other financial institutions to assess, manage, and report on environmental, social and governance (ESG) risks in their lending operations and put market incentives in place forbanksto lend to green projects.   Of the 38 countries that make up the SBN, 16 are in Asia-Pacific, displaying a commitment within the region to sustainable finance and industry innovation. Ten Asia-Pacific economies have adopted national sustainable finance policies and voluntary principleswhile China and Indonesia are the only two nations globally to have progressed their sustainable financial systems to a maturing stage.   The report also captures the progress made by 14 cou....

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“Remorse” by Guru Prashad Mainali

    Published by KOIRALA Devendra and Prof. Martin Connolly.   Guru Prashad Mainali (1900-1971) is one of the most important writers of short stories in modern Nepali Literature. He was born in Kanpur village, Kabre Palanchok district, a rural area not far from Kathmandu. Mainali spent most of his adult life in government service. He also served as a high court judge in Nepal. Beside his Government service, he became involved in the Nepali literature. He started writing short stories in his native Nepali language in the 1930s. Most of Mainali’s short stories were published in Sharada, a Nepali literary magazine between 1935 and 1938. Altogether, eleven short stories were published. These stories were gathered together in a book form under the title of Naaso, which is the text from which the present translation is taken. So far, only two have been translated into English. “Naso” was translated into English by Theodore Riccardi in 1964 as "The Ward", in which the protagonist, a middle-aged Brahman (designated as belonging to the highest level in the caste system) embarks on a second marriage in order to become a father. “Paralko Aago” was translated into English by Michael Ja....

26 year old girl, young modern monk but a Principal of the school

Sunakhari News/ Kathmandu- 26 years old girl Arati Basnet is now principal of a Montessori School Little Kingdom Child Development Center which is located in Naxal, Tangal. She is a professional Energy Healer and Author of her debut book "Red blood blue blood and the royal heart." Which is a true story of Royal Family of Nepal, based on her own spritual journey and tribute book to Princess Prekshya of Nepal. Brief interview with her:     What makes you take up educational work? For how many years have you been teaching? Have you worked on other jobs besides? I took up this educational work or chose this profession When I just finished my SLC exams, my all friends went to join some course but I wanted to do something else , learn through working so, I joined a school in patan named Herald International Boarding School as a grade teacher and started to teach Children and later I joined Little Kingdom as a Montessori Teacher. Their eagerness and persistence in learning and their respect for teachers deeply touched me and inspired my enthusiasm in education. I have worked in different professions....

64th Anniversary of Nepal-China Diplomatic Relations

  Sunakhari News/ Kathmandu- On the occasion of the 64th anniversary of the establishment of diplomatic relations between Nepal and the People's Republic of China, the Embassy of Nepal organized 'Nepal Photo & Painting Exhibition 2019' in Beijing. Welcoming the guests, Ambassador Leela Mani Paudyal shed light on the unique and exemplary relations of trust, friendship and co-operative partnership between Nepal and China, and highlighted the important achievements made during the past year in further enhancing bilateral relations, including the first State Visit to China by the President of Nepal in April 2019. He expressed the confidence that Nepal and China will continue to work hand-in-hand to meet the development aspirations of their peoples, and to attain a just, inclusive and peaceful global order. Mr. Zuo Zhongyi, Chairman of China International Culture Exchange Foundation extended congratulations on the occasion of the anniversary of diplomatic relations between Nepal and China, and expressed the hope that the relations between the two countries will continue to grow and flourish in the future. Mr. Surendra Bhai Shakya, President of Federation of Handicraft Association of Nepal, M....

Renewed commitment for global partnership to achieve SDGs

  Sunakhari News/ Kathmandu- Nepal emphasized on the necessity of renewed commitment for the global partnership to achieve Sustainable Development Goals and coordinated aid ahead of the Senior Level Meeting of Global Partnership for Effective Development Cooperation in NewYork. The event was led by Ministry of Finance of Nepal and together with co-host Bangladesh on 12 July which provided a forum for consultation with countries in the Asia Pacific region to capture country level perspectives towards ensuring that the priorities of the countries in the region are reflected in the deliberations of the Senior Level meeting. In Nepal, there is a significant financing gap to achieve the Sustainable Development Goals (SDGs). The National Planning Commission has estimated that the average investment requirement is approximately Rs 2,025 billion per year, or about 48% of GDP on average, with Official Development Assistance (ODA) expected to shoulder about 18% of this financing requirement. Addressing the event, Finance Secretary Mr. Rajan Khanal noted, the core commitments of aid effectiveness  and quality of aid matters to the partner countries like Nepal. He also appreciated the role of the GPEDC, statin....

Increasing Data Accessibility and Usability for Prosperous Nepal

    Sunakhari News/ Kathmandu- Over 75 Nepali professionals from the academia, media, and private and non-profit sectors successfully completed the first phase of the Nepal Data Literacy Program today.   The first of the three-phase data literacy program which began on 23 June provided 40 hours of classroom-based introductory lessons on data analysis, visualization and data-driven decision making and storytelling to participants.   An initiative of the World Bank’s ‘Partnership for Knowledge-based Poverty Reduction and Shared Prosperity Project’ supported by DFID, the Nepal Data Literacy Program aims to sustainably transfer data literacy skills to Nepali professionalsto strengthen their capacity to proactively engage in evidence-based policy making, increase data literacy of Nepalis, and support federalism in the country.   “Data literacy is an essential skill in today’s data driven world, especially for Nepal as the country works towardsimplementing its development vision,” stated Faris Hadad-Zervos,World Bank Country Manager for Nepal.“This presents a unique opportunity to build a consortium of data institutions from the public and private sectors and ....

Investment in Human Capital Could Help Propel Nepal to Middle Income Status, Growth Projected to Average 6.5 Percent in the Medium Term

   Sunakhari News/  KATHMANDU- Nepal has the potential to double its Gross Domestic Product (GDP) per capita in the long run if it achieves the benchmarks of complete education and full health, said the latest edition of the World Bank’s Nepal Development Update launched today. Investing in its people could help propel Nepal toward its goal of Middle-Income-Country status by increasing the productivity and competitiveness of labor, leading to accelerated inclusive growth, added the report.   The Update presents a hopeful picture for Nepal for FY2019. Growth in the country is estimated to reach 7.1 percent, driven by the service and agriculture sectors. The service sector is likely to grow by 7.5 percent due to a boost in the retail, hotel, and restauran....

Government of Nepal and the World Bank launch new project to scale up renewable energy options

  Sunakhari News/ Kathmandu- The Government of Nepal (GoN) and the World Bank signed an agreement today to scale up renewable energy options in selected regions of Nepal in partnership with private sector. The agreement was signed by Mr. Shreekrishna Nepal, Joint Secretary, Ministry of Finance on behalf of the Government of Nepal and Mr. Bigyan Pradhan, Acting Country Manager on behalf of the World Bank.   Total of USD 17.21 million will be spent during four-year period of the Private Sector-Led Mini-Grid Energy Access Project, of which the World Bank will finance total of USD 7.61 million (Approx. NRs 84 Crore 52 Lakhs) through its Strategic Climate Fund (SCF) comprising of SCF Grant of USD 5.61 million and SCF soft loan of USD 2 million. Similarly, Government of Nepal will contribute subsidy of USD 6 million and the remaining USD 3.60 million will be contributed by the private sector. The project will provide renewable energy to 126,000 rural people and support more than 80 businesses through micro/mini-hydro and solar subprojects in Nepal’s rural areas. The project will be implemented by the Alternative Energy Promotion Centre (AEPC), the government's nodal agency for renewable energy promoti....

High-Level World Bank Group Delegation Heads for Nepal Investment Summit

Sujnakhari News/ KATHMANDU- The CEO of the Multilateral Investment Guarantee Agency (MIGA) and two World Bank Group Vice Presidents will join development banks, ambassadors, and hundreds of investors from more than 30 countries at the Nepal Investment Summit on March 29 and 30. The Summit aims to help attract private financing for key infrastructure projects as Nepal undertakes new regulatory reforms.   The top three Bank officials are: Keiko Honda, Executive Vice President and CEO of MIGA; Hartwig Schafer, Vice President of the World Bank’s South Asia region, and Hans Peter Lankes, Vice President, Economics and Private Sector Development, International Finance Corporation (IFC).   The three World Bank Group representatives will discuss the Bank’s support for Nepal with Rt. Hon. Prime Minister K P Sharma Oli of Nepal and Finance Minister Yuba Raj Khatiwada.   “Nepal has been a rising star in South Asia with foreign direct investment flows reaching a record high in 2017, and likely to remain an important investment destination in the region. This confirms Nepal’s efforts to improve its investment climate and become a competitive investment destination for multinational companies that w....