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Nepal's First Bank to Receive an Investment Grade Credit Rating of [Nepal] "A" by ICRA

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Nepal's First Bank to Receive an Investment Grade Credit Rating of [Nepal] More. NIBL Special F'xed Deposit • Nepal's first bank to receive an investment grade credit rating of [Nepal] "A" by ICRA. e • Highly experienced management and sound corporate governance. • No. 1 private sector bank in terms of deposits and lending. • 24 years of stable banking. • The highest Capital Base. • Highest growth rate among banks in Nepal. • High Customer Base. ·Wide Branch and ATM Network. • 365 Days Banking. Tel : 4228229, 4242530 www. nib I. com. n p il UIC1 ii5 a-altsc ifl oc ~ fi!J. NEPAL INVESTMENT BANK LTD. ICRA tfru[y a :Nepa[i (Banft [Nepai)A SPOT LIG H TFORTNIGHTL y Vol.: 04 No.-07 Sep. 03-2010 (Bhadra-18, 2067) e ended our note in these columns in the last issue W with a question that had been haunting common men across the country: e\·en if we have a new prime minister, a new governme nt and a new cons tit ution w ill it ma ke an}· difference to the present state of the nation? \ Ve then concluded that such frustration and loss of faith in future can be d angert)lls and disturbing. Nothing has changed in the past two weeks. lf any, it has changed onlr for t he \\·orse. \ \'ift h the ifth round of prime mini<>ter selection predictabl) failing to produce an outcome, the pol itical crisis has ueepened. Even deeper now is t he looming econom ic cris is. vVit h no ne w budget on rime, the government 6> pending is set to come to a grincling halt in a bnweks. That \\ill halt all economic acti\itie..., most importantly the monthly pay to the go,·ermncnt &tall Revenue\\ill he hard hit at a time when impon al ready far exceeds exports and even t he sen'ice sector facing a dangerous INTERVIEW: BALANANDA PAUDEL ! 8 PEACE PROCESS UNMIN Endgame? 11 deficit (see a rdatcd story in the NEWS NOTES 2 i nc;ide pages). Clearly, an emergenC) ECONOMIC BRIEFS 4 NEWSCLIP appears on the carus \\ hether one hl<c .... 5 it or not. Political as well as economic MEDIA : Dhruba Adh ikary 6 MONARCHY emergency. And there is no light at : The Red 'U-Turn' 7 POLITICS: Buying Office the end of the tunnel yet. vVe wondcr 10 COMMENTARY : Yubaraj Ghimire 11 if we are" ailing helplessly for the LOSS IN SERVICE TRADE : Under the Radar 13 ine,itable. Docs someone dare to VIEWPOINT: PROF. MADHUKAR SJB RANA 14 pre,·ent the inc\itablc? They say, e'·ef) ' NAPA DRAFT: At Final Stage 15 crisis comes \\'ith a solution. \r\'e can ASSAM GORKHAS: Gaining Ground 16 only hope that that comes m1e. DELHI DIARY: Abjit Sharma 17 SPECIAL REPORT : Civil Service 20 ARTICLE: Umesh Lama 22 AGNI AIR CRASH: Another Probe 23 MIREST-NEPAL: Needed Books 24 Jf~W FORUM : David Wells 25 Keshab Poudd Art ~ Editor DISAPPEARANCE: Unknown Pain 27 HEALTH: Buddha Basnyat, Md Editor and Publisher: Keshab Poudel, Senior Correspondent: Saroj Oahal. Correspondent: Uma Kanta Khanal, (Jhapa) Abljit Sharma (New Delhi). Reporter: N1tish Dev Bhal!:arai Marketing Manager : Madan Raj Poodel. Tel: 9841320517 . Nabln Kumar MahaJjan Tel. 9841291404. Photographer: Sandesh Manandhar Cover Design/Layout : Han Knshr.a Bastakoti Editorial Office: Tel:977-1-4430250 E-matl. [email protected]. PO Box. 7256 Office: Kam:ai Pokhan, ThrSomt.larg.House No 559'144 (OppositeiOHimal Hosprtal) Printers ·Pioneer Offset Printers (P) Lid., o.t!ibazar. Kathmandu Ph. 4415687 KathrnanduDAORegd No. 148/111063:64. Posta!Regd. No. 0710661067 USlibrary of Congress catalogue No. 91-905060 NEW SPOTLIGHT NEWSMAGAZINE I Sep. 03, 2010 I 1 NEWSNOTES USAID Ext ends Remote Area planning best prac-ri.ccs. connection " ith media reports that Health Coverage Dr. Kevin A. Rushing, t\ I is ~.;io n questioned t he quality of p roducts Director of USAID!Nepal, remarked USAIDtl'\epal announced the manufactured by some Ind ian joint "The Healthy Homes program i:, launch of its fi"e y~ar , $15.6million Ghar ,·enturcs in '\epal. Kailash Shirohia of so that focus remains on 1he Ghar .\faa Swasrlna (Healthy Homes) designed cpal \ledia Society (print), R.K . most \Ulnerable populations living in progr:mL \lanandhar. Tcle\'ision Broadcaster, The program\\ ill assbt Bishnuhari Dhakal. Broadcasting the gon ·rnmcnt of '\epalto . \ssociation of \:epal (commercial radio) ~xpand rh<: depth, reach a nell\ lin Bahadur Shahi. Association of and impclCt of rhc prh·are P"'!!lhr:b~~~ Community Radio Broadcasters Nepal sector in social markeri ng. (the umbrella organisation fo r by pro deli ng low cost community radio b roadcasters) supply of rnmcrnal child health, family pLt nning cnulioncd the lncliao Embassy not to am i H IV pt-c \'Cntion "(werstcp its hmmdary." products and services. r hc statcmcm also r eminded the lJSATD's H ~a l t h y embassy that the Nepali media operated Ho m~s program <.:om pri s~:s under the lavvs of sovereign Nepal. two components. L ndcr "NcpaU media are freec to hoose their the first <.:o mpo ncnl, content and have fu lly utilised this right. l SAID is fu nding the the more remote <lrca& of "\cpal. It \ Vc caution the embassy to respect ~epal Comraccpth·c Retail Sales (CRS) bcha\ ioural diplomatic norms and values of press company for "ocial m,trketing aethities, expects to bring about in hard to reach lrccclom," the statement read. focu<.,ing nn <.,ust,tinability and rur..tL change the at-risk ant.l enhance the l he statement accused the embassy hard to reach ..trcas. Under the second populations and reliance of CRS, of libel. "To mal<e s~veeping comments component, the Ac,tdem} for sustainability and sdf ~epal's premier ~t)Cial marketing Educarion,tl De\'dopment ( AED), on the epali media on the basis of news Homes 1s also funded b) l 'SAID, "ill as-..il:.t CRS to program. Health} published about food products \\ith reflective ofour commim1cnt to mobilize achicYe increased <.elf su~t.tinabilit} corroboration from the in,·estigation of the ideas. efforts and re::.ources of the and to design .md impkmem beh<l\ior '\cpali go\·ernment agencies is alliances to change communic,trion activities, such pri,·ate sector br forging objectionable," the statement said. address criticaliss ues, including those as generic campaigns promoting family "On behalf of all the media outlets in in the health sector." Nepal, " e deplore this o bjectionable Indian Embassy Concerned Over are not met.' interference of the embassy." T he joint statement has also Media Reports T he release adds that t he j \'s mai ntain t he h ighest standards o [ cautioned the embassy [rom repeating Following media re ports nf quality. similar "mi stakes'' and asked the substandard p roducts produced hy to media ies are l he pride or em bassy issue an apology. The Dabur Nepal, an Ind ian joint venture 'These compan Nepal and a symbol of close rel.t Lions organisations ha,·e also called on the company, the Indian Fmbassy has issued between India and Nepal. The bascles~ gc1\' ernment to issue a rebutta l a strongly worded press release. adverse publicit-y against Lhe products immediately. "The attention of rhe l"mbassy has of such joint \·enrures \\ ill not only hit Embassy Response been drawn ro reports in certain print and the Nepalese economy and exports but In response to media queries, television media against products will also deter new fo reign c1 i reeL spokesperson of the Indian Embassy said manufacrurcd b) Indian joint \ 'entures investments into ::'\epal." l he "Embassy was surprised by the in ~cpal. Past allegations of this n,tture u\\'e hope that concerned reaction by some media association~ to h ,l\'e been found to be false after authorities \\"ill take suitable action genuine concerns expteJ:;sed by it at thorough invcsLig,nion b) :-Jepal against such unethical practice<,,~ said attempts to elicit ach-ertising re,·enue Governmcm agenc i es,~ states the release. the statement issued by the Emba'>S)'· from Indian JoinL \ 'entures by a few The Emba&sy also adds that il has media organi::ations. been informed by the indian JVs that Media Houses React "At no point did the Embassy refer to they hacl been 'approached by such Associations of four media houses tihe med ia n Nepal in general. The media houses lor rele ase of jointly issued a statement raising reaction by these meclia associations adveniscments and arc being threatened objection over the press statcmem issued would ha ,.e been credible if backed up with negative pubU<:i ty [["those requests by the lnclian Embassy on AugusL28 in NEW SPOTLIGHT NEWSMAGAZINE I Sep. 03, 2010 I 2 NEWSNOTES by a condemnation of such unethical Specifically, with this g rant the practices and an offer to discuss how to Y1ountain Institute w ill restore the address the issue wi rh concerned Pangboche monastery and its en\'i rons companies," the spol<esperson defended. to presen-e its historical importance in A WNN: Stop Cruelty Against order for it to better sen-e its surrounding communities and their needs. Animals Pangboche :'\ lonastery. located in a Comedian duo \ ladan Krishna and small Sherpa 'illage in the Solu 1<-humhu Hari Bamsha ha,·e requested district, \\'as established in the 16th communities such as 1<-hokana to stop century by the lama Sangwa Dorji, who "According to the International crud blood sacrifices. accompanied early wa\·es of Sherpa Conunitteeof the Reel Cross, more than 1300 "Tt is ignorance that leads to cruel migrants from Tibet at that time. [X.'Ople \\'cnt missing during d1c war, victims killi ngs.
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