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kathmandupost Temperature: Max: 29.3°c Min: 21.5°c the capital edition l kathmandupost.ekantipur.com printed simultaneously in kathmandu, biratnagar, bharatpur and nepalgunj Stand Price rs 5.00 page 3 G 2 2 1 1 1 1 1 1 1 1 1 S 0 0 4 2 1 1 0 0 0 0 0 page 5 page 12 money Unilever workers end 28-day strike News world sports After Oli’s ouster, eyes now trained on Delhi-UML relations Win for generals as Thais vote for junta constitution Three world records tumble on first day in Rio pool Medals Tally PM unlikely to have bigger Cabinet soon serpent shrine B 1 0 0 3 0 0 4 0 0 0 0 Monday,August 8, 2016 (24-o4-2073) N E PA L’ S L A R G E S T S E L L I N G E N G L I S H D A I LY Vol XXIV No 172 | 12+4 Pages RankCountry 1 Australia 2 Hungary 3 USA 4 China 5 SKorea 5 Russia 7 Japan 8 Argentina 8 Belgium 8 Thailand 9 Vietnam Coldest: Jumla: 16.2°c Hottest: Bhairahawa: 36.8°c Total 3 2 5 6 2 2 5 1 1 1 1 TIKA R PRADHAN Congress is struggling to finalise list of ministers, Maoists are divided over the selection of ministers, RPP unification is likely to see the party bargain for more berths and Madhesi Morcha awaits constitution amendment proposal Kathmandu, Aug 7 Despite a sense of urgency in Prime Minister Pushpa Kamal Dahal to get Cabinet appointments in place, things are not looking good as a series of complications are likely to delay the swearing-in of new ministers. * Standings as of 10:30 pm, Sunday Chinese think tank members arrive today see editorial Post Report The PM’s main coalition partner Nepali Congress is struggling to finalise the list of ministers, Dahal’s own party is divided over the selection of ministers, the Rastriya Prajatantra Party’s unification bid with the RPP-Nepal is likely to see the party bargain for more berths and the Madhesi Morcha is in a waitand-see mode until the registration of the constitution amendment proposal in Parliament. Two NC factions are engaged in a leadership battle of the Nepal Students’ Union, one of the most powerful sister organisations of the party whose national convention started in the Capital on Kathmandu, Aug 7 A five-member delegation of the China Institutes of Contemporary International Relations, a think tank under China’s State Council, led by its President Dr Ji Zhiye is scheduled to arrive in Kathmandu on Monday. The CICIR delegation will be on a four-day Nepal visit at the invitation of its counterpart China Study Center-Nepal. The visit aims for academic and policy exchanges to deepen understanding between the two countries. Other delegates include Director of Institute of South and South East Asian Studies Dr Hu Shisheng; Han Liqun, researcher at the Institute of World Politics and Wang Haixia of Institute of South and South East Asian Studies. n PM Pushpa Kamal Dahal n DPM Nidhi n DPM Mahara Sunday after the gap of a decade. Even when the convention is over, the two factions are unlikely to easily decide on the candidates to represent the party in the government. PM Dahal’s personal secretary Ramesh Malla admitted n Lekhak n Chaudhary that the NSU’s general convention and the PM’s attempt to take the agitating Madhesi and Janajati forces on board were the two major reasons behind the delay in Cabinet expansion despite the PM’s desire “to get it done at the n Shripaili earliest”. The Prime Minister’s Office has already sent a letter to the RPP, urging the party to send the names of two ministers even as the ministries have not been decided. >> Continued on page 4 n A devotee offers milk on the statue of Naag (serpent deity) during the Naag Panchami Festival at Naagpokhari in the Capital on Sunday. Post pHOTO: SANJOG MANANDHAR rpp, rpp-nepal announce merger A two-page special coverage on careers and branding with today's edition Oh, the times! By Abin For a countdown to a Congress PM! You are requested to have it beside your table! Two right-wing parties to unite to revive Hindu state Binod Ghimire KATHMANDU, AUG 7 After months-long negotiations, two right-wing forces— Rastriya Prajatantra PartyNepal and the RPP—are set to become one after the latter agreed to its abandoned agenda of reinstating Nepal as a Hindu state. Following their unification scheduled for Tuesday, the new party will have a combined 37 seats in Parliament, with a 6.35 percent share of the lawmakers. In the second Constituent Assembly election in 2013, the two parties had got 9.4 percent votes—6.66 percent by the RPP-Nepal and 2.74 percent by the RPP—from 9.46 million votes cast under the proportional representation system. The RPP-N has been advo- Following their unification scheduled for Tuesday, the new party will have a combined 37 seats in Parliament cating the reinstatement of monarchy and Hindu state while speaking against federalism. “We have arrived at the same point on Hindu state but we still have differences over monarchy and federalism,” said RPP General Secretary Buddhiman Tamang. “The general convention to be held by mid-April next year will decide on the issues.” The two sides remain divided over joining the government led by CPN (Maoist Centre) Chairman Pushpa Kamal Dahal. The RPP voted for Dahal and the RPP-N against him. Tamang said a joint meeting of the party’s working committee to be held within 15 days of the merger would take a decision whether or not to join the government. “The merger is out of our realisation that there is still the need for a nationalist democratic party with a right-ofthe-centre philosophy,” said Mohan Shrestha, deputy spokesperson for the RPP-N. According to the merger agreement, RPP-N chief Kamal Thapa will chair the new party while RPP Chair man Pashupati Shumsher Rana will be named the second-in-command, National Chairman, of the new outfit. >> Continued on page 4 religions don’t divide Muslim brothers build Hindu temple SHANKAR ACHARYA PARSA, AUG 7 In a rare example of religious harmony, two Muslim brothers have constructed a Hindu temple in Birgunj-26, Parsa. Dr Jainuddin Ansari and his brother Basaruddin Ansari constructed the Rameshwor Mahadev Temple at Prasaunibirta at a cost of Rs4.8 million. The villagers mounted the Ansari brothers on an elephant during a Kalash Yatra (holy march) on Sunday. A formal inauguration of the temple is scheduled for Monday. “I feel the happiest in my life today. Lord Shiva chose us to build his abode,” said Dr Jainuddin. Pointing to a huge number of local Muslims in the procession, he said, “Castes and religions are created by humans but all the people are one family of god.” Jainuddin is the chairman of the Birgunj-based National Medical College while brother Basaruddin is its managing director. The duo also donated Rs3.5 million to build a mosque, a prayer yard and a graveyard in the village last year. They had expressed their desire to build a Hindu temple but some people in the community had refused their proposal saying that n Ansari brothers taken around on an elephant during a Kalash Yatra on Sunday. Post photo they would not accept a shrine constructed by Muslims. “We happily agreed to build the temple as locals and the temple management committee approached us,” said Basaruddin. “People active in politics don’t know how strong brotherhood the Hindus and Muslims can have.” The villagers had been looking for funds to build the temple for two decades. “This is a common temple of Hindus and Muslims. We [villagers] are indebted to the Ansari brothers for their help,” said Jagarnath Mahato, the temple management committee chairman. C M Y K thekathmandu post 02 news Monday, August 8, 2016 SC: halt Kalanki, Nagdhunga road expansion Rastriya Samachar Samiti Kathmandu, Aug 7 The Supreme Court has issued an interim order to halt the expansion of KalankiNagdhunga road, saying it would cause a huge loss to the people in vicinity if the road section was broadened. The writ had stated that a total of 47 houses would be completely damaged in course of the road expansion n A division bench of Justices Kedar Prasad Chalise and Dr Ananda Mohan Bhattarai on Sunday issued the order in this regard, said JointSpokesperson at the SC, Bishwo Raj Poudel. On February 23 this year, a total of 47 locals, including Sanu Shrestha, who could be badly affected with the road expansion, had filed a writ petition at the SC, making the Office of the Prime Minister and Council of Minister defendant. The writ had stated that a total of 47 houses would be completely damaged in course of the road expansion, demanding its immediate halt. news digest Class 12 Science, Sanskrit results out KATHMANDU: National Examination Board on Sunday announced Class 12 results of Science and Sanskrit faculties. Examination Controller Santosh Aryal said 73.77 percent students under regular category have passed their examination. Out of 40,603 examinees who appeared in the test, 28,952 have passed, he informed. Last year, 71.65 percent examinees had passed class 12 exams under the categories. Likewise, under exempted category, 45.13 percent students of Science and Sanskrit have made it through. Out of 9,081 examinees, 4,414 students have passed. The success rate in the exempted category stood at 44 percent last year. (PR) Women Alliance hails CJ Karki’s appointment KATHMANDU: Women right organisations have hailed appointment of first female Chief Justice and two female justices in the Supreme Court, saying that it has given them hopes of upholding justice. In a statement, Sankalpa, a formal alliance of non-government organisations working in the field of women’s right issues, congratulated Sushila Karki for becoming the country’s first female chief justice. It has also commended the government for appointing two female justices Meera Khadka and Sapana Pradhan Malla in the country’s top court. (PR) Nepali Congress President Sher Bahadur Deuba (centre) with other party leaders during the inauguration of the 11th General Convention of the Nepal Student Union at Brikutimandap in Kathmandu on Sunday. Post Photo: Shaligram Tiwari NSU conclave begins after a decade Sarin Ghimire Kathmandu, Aug 7 Despite some complications in selecting representatives from some districts, the Nepal Student Union inaugurated its 11th General Convention amid a ceremony in the Capital on Sunday. The three-day jamboree of the Nepali Congress’s student wing is being held at Bhrikutimandap after almost a decade-long hiatus. This is the first NSU convention since the unification of the NC faction led by Sher Bahadur Deuba with the mother party in 2007. Speaking on the occasion, NC central committee member Prakash Sharan Mahat urged all student representa- tives to work towards making the convention a success by voting for their choice of leaders. “It is true that there are some disagreements regarding representatives, some districts still have not chosen their representatives due to dispute. There is a tremendously high number of aspirants since the NSU has not been able to hold their polls for almost a decade,” he said. “However, despite all the complications, let us all unite to elect a new student union committee. We may not have the most perfect of conventions, but we can always improve.” Following the mother party’s general convention in March, newly-elected NC President Deuba had pledged to conduct polls of all sister organisations within the following six months. The party had also formed a panel under Mahat to ensure that the convention was held within the stipulated time. Another central committee member Gagan Thapa, also the former NSU general secretary, was nostalgic of the time he had been engaged in student politics. “It gives me immense pleasure to say that I was once an integral part of the NSU,” said Thapa. The NSU has not been able to elect representatives from 11 out of the 75 districts due to the dispute. A faction led by Kundan Kafle has been on a relay hunger strike at the party’s headquarters in Sanepa since last week, urging the party leadership to postpone the polls. They claim a “majority of the elected representatives were not students.” Kshitiz Bhandari, Manoj Acharya, Nain Singh Mahar, Jit Jung Basnet, Shuvaram Basnet, Kundan Kafle and Deepak Bhattarai, among others, have announced their candidacy for presidency. Smuggling surges in Impeachment motion ‘irrelevant’ Greece as migrant frustrations grow POST REPORT KATHMANDU, AUG 7 n An Afghan family eats breakfast in a park, at the northern Greek city of Thessaloniki, on Saturday. ap Associated Press IDOMENI (Greece), Aug 7 With Turkey in crisis and Europe’s borders closed, smugglers in northern Greece are expecting a profitable summer. Greek police say traffickers are using increasingly sophisticated methods—motorcycle spotters, maps of border surveillance “blind spots,” and even police informants—to move out refugees who have been stuck in this Greek border town for months. Higher smuggling fees and steadily worsening odds of success have done little to dent the determination of migrants like Sorah Rahimi. The 22-year-old psychology student traveled from Afghanistan with his mother who is in poor health—and is an ideal target for smuggling rings that are re-emerging in the region. He agreed to pay traffickers 2,500 euros ($2,750) to travel from Greece’s northern border with Macedonia to Sweden, but only made it a few miles before being spotted by police and turned back. “We need to get to Sweden. Our whole family is there. We no longer have anything in Afghanistan,” Rahimi told the AP before being taken to a migrant shelter in northern Greece. Tens of thousands of migrants have been stuck on their journey north across Europe. Governments across the continent slammed their borders shut in March to avoid a repeat of the mass migration in 2015, when more than a million refugees and migrants arrived, triggering a string of political upheavals. The trip north has become increasingly risky and time-consuming. Rahimi spent three months at the port of Piraeus, near Athens, before traveling north by train. Last month’s attempted coup in Turkey, followed by a draconian government crackdown there on perceived government opponents , has added to the uncertainty. Traffickers in Greece have re-appeared in greater numbers since the government cleared a massive makeshift camp at Idomeni on the GreekMacedonian border in late May, according to officials from the country’s border guard, national police and security division interviewed by the AP. In a recent operation, police arrested 29 alleged members of two trafficking rings in northern Greece. One gang had received information from a Greek police officer on gaps in the night vision camera network on the GreekTurkish border. Police said the smugglers brought some 600 migrants into Greece from Turkey over several months and helped them reach other countries, using a fleet of taxis, scout vehicles, prepaid “burner” cellphones, and a system of code words that included: “dogs” for police, “garbage trucks” for police cars, and “cement blocks,” ‘’fish,” or “kebabs” when referring to the migrants themselves. Other suspects were from Syria, Iraq, Armenia, Albania and Kazakhstan. Five police officers have also been arrested in Macedonia, accused of helping smugglers north of the Greek border. In Greece alone, more than 57,000 migrants are stranded, most staying at about 60 government-run camps around the country. The European Union’s law enforcement agency Europol analysed data from anti-smuggling operations over the first six months of 2016. Lawmakers have urged stakeholders to stop propagating misleading information about the impeachment proposal against Commission for Investigation of Abuse of Authority (CIAA) chief Lokman Singh Karki. Leaders have clarified that the proposal was actually a motion of public importance filed at Parliament to draw the attention of the House to save the life of Dr Govind KC, who was on hunger strike, demanding primarily reforms in the medical sector. Leaders of the ruling party CPN (Maoist Centre), the Leaders have clarified that the proposal was actually a motion of public importance filed at Parliament to draw the attention of the House to save the life of Dr Govind KC CPN-UML and the Sadbhawana Party said that the proposal would not lead the issue to the impeachment motion. “The proposal became irrelevant ipso facto the moment Dr KC broke his fast,” said Ram Narayan Bidari, a Maoist Centre lawmaker, who is also an advocate. Bidari also urged the stakeholders to stop spreading misleading information about the proposal. “It is just a cheap propaganda,” he said. “It has already become irrelevant legally, politically and constitutionally.” On July 21, Nepali Congress leader Gagan Thapa had submitted the proposal of public importance at the House, which was seconded by NC lawmaker Dhanraj Gurung and Maoist Centre lawmaker Shyam Shrestha, to discuss on the demand of Dr KC, of which was also an impeachment of Karki. Supporters of Dr KC have been demanding an impeachment against Karki be tabled in Parliament. Speaking at a programme in the Capital on Sunday, CPNUML lawmaker Banshidhar Mishra echoed Bidari. He said the demand for impeachment was baseless and ill-intended. “The propaganda is aimed at bringing the constitutional body into controversy, which is unethical as well.” Sadbhawana Party Co-chair Laxman Lal Karna said the demand for impeachment should not be hyped. “This is not an impeachment motion,” he said. “There is a parliamentary committee to discuss the jurisdiction of constitutional bodies. Lets not fall for propaganda.” clear instructions n Prime Minister Pushpa Kamal Dahal speaking to secretaries during a meeting at his office in Singha Durbar on Sunday. Post Photo:nimesh jang rai drug violence Acapulco’s surfers seek to escape crime wave Agence France-Presse ACAPULCO (Mexico), Aug 7 Luis Rey Hernandez feels safe and happy when he’s on his surfboard, riding waves off the shores of Acapulco. But when he’s not inside the barrel of a wave, the 17-year-old surfer has to navigate the rough streets of the resort city on Mexico’s Pacific coast. Luis Rey, a rising star who became national champion in the under-18 category in June and is known as “The King,” has heard shootouts. He once saw a body lying on the street. “The violence in Acapulco is very bad. The government, the president—they do nothing. We’re going down the wrong path because we hear gunshots, (we see) dead people,” Luis Rey said as he stood with his surfboard on the sandy Revolcadero beach after catching some waves. “You’re always afraid to leave your house,” said the fit teenager, whose black hair has reddish locks from sun exposure. “At sea, I’m not afraid. I feel happy there.” Acapulco is famous for its cliff divers, who wow visitors with daring drops into the ocean. But surfing has gained popularity among youths in neighborhoods worn down by poverty and merciless drug violence that have turned the city into Mexico’s murder capital. Javier Hernandez Castanon, the 58-year-old president of the Guerrero State Surfing Association, said “gringos” brought the sport to Acapulco in the 1960s, at a time when the city was popular among Hollywood stars. “Since we didn’t have surfboards, we started surfing on car (tire) inner tubes, and then on wood trunks. The boards began to arrive in the 1970s,” said Hernandez, who is known as “La n Ernesto Trujillo “La Micha” repairs a surfboard at his workshop in Acapulco, in the Mexican state of Guerrero. afp/rss Charra” and is Luis Rey’s uncle. The surf association had 50 registered members in Acapulco in the 1960s, growing to more than 200 in the 1990s and over 700 today. But the veteran surfer said the crime wave “affects surfing because violence is unfortunately attracting every youth.” “We need support to attract young people to surf, something different,” Hernandez said. Three of his four children migrated to Chicago 12 years ago after they were threatened by a gang demanding a tax on their beach gear rental business. Two cartels are fighting over local drug sales in the city. More than 1,300 people have been murdered since 2015, including three on the beach this year. Jose Manuel Trujillo, a local star known as “Yuco,” said that without surfing, he may have been dragged into the gang underworld like some of his friends in his district of Tres Palos. Three of his friends were killed in their teens. “They are young people who lack education and poverty takes them down that path, the easiest one,” said Trujillo, 29. “Thanks to surfing, I stayed away from that path.” Wearing a hat from his sponsor, energy drink maker Monster, and sporting a smile dotted with braces, Trujillo now tours the world, sells his own T-shirt brand on the beach or the internet, and even got a role in the Hollywood shark thriller “The Shallows” starring Blake Lively. “Yuco” and “The King,” who is his brother-in-law, participated at the Vans Surf Open Acapulco competition in mid-July, an international event that attracted some 100 surfers from around the world. But event director Gustavo Duccini said some surfers stayed away after the US State Department issued a travel warning in April that barred US government employees from visiting the city. “It’s exaggerated but it has repercussions,” said Duccini. Luis Rey finished second in the junior category behind Oaxaca state’s Jhony Corzo at the competition. The Mexican Surfing Federation calls them “the two best youths in the country.” Luis Rey wants to surf his way out of town. “I’d like to live in another country that’s calmer, where one can go out for a walk,” said Luis Rey, who has surfed since age nine. “There are good waves in Hawaii. There’s almost no violence.” While he’s sponsored by Vans, the skater shoe company, getting money to compete abroad is still a struggle for a teenager whose father earns a living by renting out a jetski and other gear at the beach. Other budding and accomplished surfers from Acapulco face similar financial hurdles. A child’s surfboard can cost at least $240 at a local shop. Despite the costs, the family of Gaciel Garcia, a sturdy 10-year-old boy, backs his dream of going pro. His father, Leonel, helped him ride his first waves at age four, holding the board to launch his son. Gaciel now spends four hours a day in the water after school and homework. His father whistles from the beach to point out waves and moves his hand up and down to encourage his son to use a bouncing technique to gain speed. C M Y K 03 thekathmandu post news Monday, August 8, 2016 Morcha for Giving martyr status to Indian national killed in Protest bringing it under control POST REPORT KATHMANDU, AUG 7 n A firefighter doues fire that broke out in a four-storey building at Narsimha Chowk in Thamel, Kathmandu on Sunday. One person was injured in the fire, said DSP Somendra Singh Rathor, chief of the Metropolitan Police Circle Sorhakhutte. An electrical short-circuit is believed to have triggered the fire. Post Photo: angad dhakal The Samyukta Loktantrik Madhesi Morcha, an alliance of seven Madhes-based parties, has demanded a martyr status to an Indian national killed in the Madhes Andolan like all other who died during the five-month protest against the government last year. Nineteen-year-old Aashish Ram aka Sonu, a resident of Raxaul, Bihar, died in police firing during a clash that erupted while the security forces were trying to clear the Birgunj-Raxaul entry point obstructed by Morcha cadres in November last year. Morcha leaders said that Ram’s name would also be included on the list of the deceased protesters who are yet to get compensation from the government. “We have been telling it from the beginning that all of those who died during the Madhes Andolan should be given martyr status irrespective of caste, creed and nationality. Since he [Ram] died during the Andolan, he should also get similar honour that the government has agreed to give other martyrs,” said Sadbhawana Party Chairman Rajendra Mahato. The Morcha is preparing a list of those killed and injured during the protest after the government requested the agitating parties to furnish details of protesters yet to receive compensation. Around Rs 152 million has been provided to the families of the deceased and protesters injured during the protest, Home Ministry said. The government has so far paid Rs 1 million in compensation to 41 families and Rs 500,000 each to three families of the deceased. Similarly, the government has so far provided medical expenses to around 19 protesters. After Oli’s ouster, eyes now trained on Delhi-UML relations KAMAL DEV BHATTARAI NEW DELHI, AUG 7 The ouster of the KP Sharma Oli government in Kathmandu triggered a flurry of celebratory headlines in Indian newspapers. Indian officials appear happy to see the back of the CPN-UML-led government that had adopted a tough line on the Madhesi issue and publicly protested New Delhi’s perceived meddling into Nepal’s internal affairs. Now, all eyes are trained on how relationship between UML and New Delhi will evolve. “India is never against the CPN-UML. But, Oli tried to play China card against the other country. He also damaged the relation with India,” said BC Upreti, a member of Eminent Persons Group, a mechanism formed to review bilateral relation. Indian leaders and officials maintain that even after the strained relation due to the blockade, they tried to maintain a cordial relation with the UML and the Oli-led government. Indian envoy meets UML chair Kathmandu: Meanwhile, Indian Ambassador to Nepal Ranjit Rae reached out to UML Chairman Oli on Sunday for their first meeting since the latter resigned as prime minister two weeks ago. According to UML public relations secretary Bishnu Rijal, the former PM Oli told Rae that his party seeks cordial and friendly relations with the neighbouring countries. He also said his party would not accept India’s undue interference into Nepal’s internal issues. “Chairman Oli stressed The level of respect PM Oli was extended during his visit to India and invitation to President Bidhya Devi Bhandari, according to them, were two instances of India’s efforts to amed strained ties with the UML government. Sudhindra Bhadoria, an Indian Socialist leader who is closely following Nepal’s n KP Sharma Oli that the concerned stakeholders should be mindful as such interferences could further complicate internal politics,” read a statement issued by Rijal. Oli had been indirectly pointing towards internal politics for three decades, said that the Indian government should continue its engagement with the UML and its leaders. “Oli should retrospect the policy he took in the past. Similarly, Indian Ministry of External Affairs should continue engagement with the UML like other parties in n Ranjit Rae India for the toppling of his government. Responding to the no-trust motion registered against his government at Parliament, Oli had said that “conspiracies were hatched in dark corners” (PR) Nepal,” he said. Oli had been perceived as a UML leader close to India for the last three decades. But relations soured when he became prime minister after the promulgation of constitution. Indian politicians and diplomats blame him for creating ‘anti-Indian sentiment.’ Secys told to ready plans in 3 days POST REPORT KATHMANDU, AUG 7 Prime Minister Pushpa Kamal Dahal has asked the government secretaries to present their concrete plans within three days. In a meeting with the top bureaucrats at the Prime Minister’s Office on Sunday, the PM instructed them to lay out the priorities of their respective ministries. “I want result, and people should be able to feel the change,” he told the secretaries, urging them to present their plans to the chief secretary. “We have limited time but many challenges to meet.” Dahal spelt out the priorities of his government as implementation of the constitution by making it more acceptable, reconstruction of the structures damaged by the earthquake, completion of the peace process, good governance, and effective distribution of the state services. He asked them not to indulge in transfers, promotion, foreign visits, seminars “Don’t and workshops. become process-oriented. Rather, focus on the result,” Dahal said in his first address to the secretaries after being elected the PM on Wednesday. He has already announced that he would not spend his time inaugurating events. In his address to over three dozen secretaries, the PM said people must not face difficulties at the international airport, the passport office and costumes at a time when foreign jobs have been the surest way of employment for 4 million Nepali youths. The PM told them that there would be no political pressure from the government in their work, warning them however that those who cannot perform would face action. In his written instruction to the secretaries, the PM said that the government attached top priority to holding three levels of election. He said that all the families eligible for housing reconstruction grants should get the first tranche within 45 days. Deputy Prime Minister and Minister for Finance Krishna Bahadur Mahara and Chief Secretary Somlal Subedi also addressed the meeting. C M Y K news digest Flu patients increase in Banke BANKE: Around 700 flu patients receive treatment at Nepalgunj Medical College and Teaching Hospital in Banke on a daily basis. The hospital used to see around 300 flu cases on a normal day, officials said. The number of patients has increased dramatically because the district witnessed several floods this monsoon. Bheri Zonal Hospital is also dealing with an overwhelming number of flu patients these days. Around 400 flu patients visit the hospital daily. (PR) KU starts Chinese language course KAVRE: Kathmandu University (KU) has started a four-year Chinese language course at its School of Education. Dean Maheshnath Parajuli said the bachelor’s course in Chinese Language Teaching was started in partnership with Confucius Institute of China. Students will have to study two years in China. Currently, 30 students are enrolled in the programme. (PR) Two-headed baby born Rajbiraj: A woman has given birth to a baby with two heads at Hanumannagar Health Post in Saptari. Nududevi Yadav, 23, gave birth to the double-headed baby boy on Saturday. Health officials said the baby has underdeveloped nose, ears and mouth on one of heads, but the eyes are normal. The newborn was sent to Dharan, Sunsari, for treatment. (RSS) Fundraiser for flood victims Chitwan: A group of youths from Chitwan’s Madi has launched a fundraiser to support the people affected by floods in the district. Govinda Neupane, one of the fund organisers, said they have already distributed emergency supplies and financial assistance to five families. Each family was given Rs 60,000 cash, clothes and food as relief, he added. (RSS) thekathmandu post 04 news Monday, August 8, 2016 How Palpa Hundreds of families at flood risk is making great strides to keep kids in school Out-of-school children numbers down to 604 from 9,200 in 2011 MADHAV ARYAL PALPA, AUG 7 The District Education Office has reported a significant progress in school enrolment in Palpa district in the current academic session with only 604 students left out of the mainstream of education. Education officials in the district attribute the progress to successful annual school enrolment drive of last few years The number is a huge drop from 2011 when 9,200 students were out of school. According to District Education Officer Mahendra Subedi, the data collected during this year’s admission season showed that 19 students aged between 5 and 9 years are yet to join school. Those aged 10-12 years number 62 while 221 children who are yet to get into school are aged 13 to 16. The number of students dropping out after primary school is 302. According to officials, 29 of the 62 students aged between 10 and 12 years are receiving informal education. Informal classes are being run in two places--Ram- pur and Siluwa. This year, 583 students have joined Grade 1 and 47 new students got admitted to Grade 3, taking the total of third graders in the district to 525. Subedi credited the growth to the annual school enrolment campaign. As per the 2011 census, the district has 79,555 children in the age group 5-16 years. As many as 73,555 of them attend school. The data does not say what 1,398 children do. It is children mostly from poor and illiterate families that are deprived of education. The DEO claims that the census data is inaccurate. Apart from children from the Dalit communities in remote areas, children of Kumal, Bote parents and those from some Magar communities have no access to early childhood development centres too. The centres, which engage pre-school toddlers, have encouraged a large number of children to join school. The DEO said measures were in place to bring on board children from poor families and those with physical disabilities. “We are working to retain the children who have been brought to schools,” added Subedi. The plan entails building child-friendly schools and regular interaction with guardians. n An embankment built on the Karnali riverbank in Banke. People living near the Babai river in the district have demanded the authorities to build a similar embankment to protect their settlements from flood. Post Photo KAMAL PANTHI ous erosion caused by Babai. This year alone, the river has eroded over 50 bighas of land in Bankatti, Khailar and Manpur villages. Erosions have also taken place in Kothiyagaun, Pashuhat, Thapuwa and Latkaniya. Dipu Chaudhary of Gulariya-13 said the Babai river is inching menacingly close to these villages. GULARIYA, AUG 7 Hundreds of families living near Babai River in eastern Bardiya are at high risk of flood. People in Bagnaha, Baniyabhar, Padnaha, Sanoshree, Taratal, Mohammadpur and Gulariya are in danger due to continu- Forecast: Generally cloudy throughout the country. Brief thundershowers likely to occur at some places of the eastern and western regions and at a few places of the central region. Max MIN Rainfall Places Temp (0C)Temp (0C)(mm) Dadeldhura25.2 17.9 0.1 Dipayal - 24.6Dhangadi 33.4 27.020.4 Birendranagar32.2 23.9 11.7 Nepalgunj 34.526.53.6 Jumla 23.316.23.6 Dang 31.2 24.014.4 Pokhara 33.0 23.6Traces Bhairahawa- 27.5 Simara 34.026.60.0 Kathmandu31.0 21.5 0.0 Okhaldhunga26.1 18.0 0.0 Taplejung 27.819.00.0 Dhankuta - 20.5Biratnagar33.825.60.0 Jomsom 23.0 13.50.0* Dharan 32.7 26.40.0* Source: Meteorological forecasting Division, Department of Hydrology and Meteorology, Kathmandu Ghimire said the project would cost about Rs 19 million. Just like an embankent built along the Karnali river two years ago is protecting the villagers of Banghushra, Bankatti and Tihuni against flood these days, building an embankment along the Babai river will protect hundreds of families who live close to river banks, he added. Food price soars in Gulmi, Baglung POST REPORT GULMI, AUG 7 n Flood-damaged road in Gulmi. Floods and landslides at Johang VDC-2 in Gulmi have obstructed the Rudrabeni-Bamitaksar section of Gulmi-Baglung road for the past 20 days. According to Shantipur Chamber of Commerce and Industry, nearly 45 vehicles used the road to transport daily essentials to 25 VDCs in Gulmi and 20 VDCs in Baglung on a daily basis. The road obstruction has led to hike in food prices in several parts of Gulmi and Baglung. The price hike has mostly affected Charkote, Shantipur, Majuwa, Bhuwachidi and Bamitaksar in Gulmi. In Baglung, Kharbang and Dagatungdanda have been hit. Lal Bahadur Thapa of Shantipur in Gulmi said the price of white potato has reached Rs 65 from Rs 35. With transportation at a complete halt, he said, local grocers are running out of food stocks. Jiban Mukhiya of Rupakot said the road obstruction has gone unchecked, and the authorities are sitting idle. Police said flood at Badighat stream has swept away nearly 250 meters of the road, rendering it Three drown, one missing KATHMANDU: Three persons died while one went missing in separate drowning incidents in Bhojpur and Nuwakot districts in the past 24 hours. Man Kumar Tamang, 13, died while his friend Subas Tamang, 14, went missing as the flooded Pikhuwa stream swept them away in Bhojpur on Friday. In Nuwakot, Januka Mishra, 26, and her four-year-old daughter died after drowning in the Tadikhola river at Kabilas VDC-2. (PR) impassable even by foot. Traffic has come to a complete halt. Chief District Officer of Gulmi Udaya Ranamagar said efforts were underway to reopen the road. Pyongyang Cafe, supporter of PM unlikely to have Kim Jong-Un in Spanish coast bigger Cabinet soon >> Continued from page 1 Agence France-Presse RPP General Secretary Buddhiman Tamang said the Central Working Committee of the unified party would meet two weeks after merger to take a decision about joining the government. Tamang said the new force would claim at least seven ministries as the RPP with 12 seats got two ministries and the RPP-N with 25 MPs had five ministerial berths in the KP Sharma Oli-led government. Dahal has inducted five ministers so far, including Deputy Prime Ministers Bimalendra Nidhi and Krishna Bahadur Mahara. Nidhi is also the home min- TARRAGONA (Spain), Aug 7 weather watch Damodar Ghimire, an engineer at the Water Induced Disaster Control Office, said they are still awaiting government’s reply to a proposal of building an embankment. The proposal, which was submitted last year, outlines a plan to build an embankent stretching from Parewaodar till NepalIndia border. North Korea may be isolated in the international community but it now has a modest ally on the Spanish coast—the Pyongyang Cafe, a small bar founded to support Kim JongUn’s strongman rule. Located in the Mediterranean city of Tarragona where Roman ruins vie for attention, the establishment sports a huge North Korean flag behind the bar, where tea typical from the country and Asian beers are served. Socialist propaganda posters brought all the way from Pyongyang adorn the walls of the modern bar, and in a corner stands a bookshelf full of works by leaders of the Kim dynasty that has ruled North Korea since 1948, translated into Spanish. “North Korea is the world’s big unknown,” says Alejandro Cao de Benos, founder of the bar that opened mid-July and also president of the Korean Friendship Association, which has delegates in more than 30 countries and is officially recognised by Pyongyang. While North Korean restaurants complete with traditional food and dancing have popped up across Asia, the 41-year-old says this is the only such Western establishment. A restaurant opened in Amsterdam in 2012, but closed several months later. “We want to break with all the myths, manipulation. And as not many people can go to Korea, because it’s complicated and far, they can come to our cafe,” says Cao de Benos. Appointed special delegate for international cultural relations by Pyongyang in 2002, Cao de Benos is the only Westerner to occupy a post in the North Korean regime, even if it is merely honorary. A staunch communist, his interest in the country peaked after the dissolution of the Soviet Union, and he came to know some North Korean families in Madrid. He started travelling to the country, and says his interest n Special delegate for North Korea’s Committee for Cultural Relations with Foreign Countries, Alejandro Cao de Benos poses in his bar in Tarragona, Spain. for North Korea eventually “turned into my passion”. As such, Cao de Benos regularly appears in the media to defend a country long criticised for its human rights violations and nuclear tests. In a 2014 report, the United Nations highlighted a long list of crimes committed in North Korea—extermination, slavery, torture, rape, forced abortions, political persecution, disappearances among others. Angel Gonzalo, spokesman for Amnesty International, says the situation in the country is “distressing.” “People are completely at the mercy of what Kim JongUn decides for them,” he says. “It’s difficult to find a right that is not being violated.” Not so, counters Cao de Benos. “Access to food, a home or work is much more widespread in North Korea than in any other capitalist country,” he says. “Those are the real human rights in which we believe.” He claims that Pyongyang is the victim of defamation for not following Western doctrines or obeying the United While North Korean restaurants complete popped up across Asia, the cafe owner says this is the only such Western joint States, and dismisses critical reports—whose authors are not allowed into the country— for being based solely on refugee testimonies. But Sokeel Park of Liberty in North Korea, an association that helps North Korean refugees in Seoul, says these are genuine. “We have thousands or ten of thousands of people describing the same picture of the country,” he says. Nevertheless, the mysterious country sparks interest in an otherwise open, globalised world. Cao de Benos says his association counts some 17,000 members and the bar has been welcoming around 35 people a day in its first opening days. He aspires to make it a cul- tural centre complete with talks on gastronomy and tradition, film screenings or lectures. But its first event—a talk on tourism—attracted just 10 people. “Lots of people think that you can’t travel to North Korea and that’s not true,” Sergio Guijo, director of the Spain-based agency Travel Corea, told the attendees. Some 50,000 tourists visit North Korea annually, a large majority of these Chinese. Guijo’s agency has organised trips there for 60 Spaniards over a year. But tourism is a double-edged sword for the country, according to Park. Tourism and the foreign currency it brings can help prop up the regime, which is the subject of many international sanctions, but it can also contribute to opening up the country. “A North Korean refugee told me that when she saw these Chinese visitors, it made her think: ‘Chinese people can come to Korea, so why can’t I go to China, why can’t I go to the outside world?’.” ister and Mahara the finance minister. Ramesh Lekhak has been assigned the Physical Infrastructure and Transport Ministry, Daljit BK Shripaili is the minister for youth and sports and Gauri Shankar Chaudhary has been appointed the minister for agriculture development. While fringe parties supporting the government have been waiting for a call from the Prime Minister’s Office to discuss their candidates, PM Dahal is holding out until his main coalition partners and the Madhesi Morcha settle their issues. According to leaders, Morcha heavyweights have indicated their claim to cer- tain ministries, should they decide to join the government. Dahal wants to keep them vacant for creating a favourable environment for negotiation with Morcha. On Sunday, Madhesi Janadhikar For um Loktantrik Chairman Bijaya Kumar Gachhadar met Dahal and urged him to induct the lawmakers from his party into the Cabinet. Dahal is said to have urged him to wait for some time--citing his ongoing talks with the Morcha. CPN Samyukta, which has three MPs, is ready to send its Parliamentary Party leader Jaya Dev Joshi to the Dahal Cabinet but has not heard from the prime minister. Two right-wing parties to unite to revive... IS claims Belgium police attack >> Continued from page 1 AGENCE FRANCE-PRESSE The RPP, which had been demanding the executive chairman’s post, agreed to the second position after the RPPN, which is double in size, did not relent. In exchange for the top position, the RPP-N has agreed to give the RPP an equal share—150 members— in the Central Working Committee. Rana will also lead the directive committee, which will take decisions on the party’s activities and selection of ministers if the party is to join the government. The two parties are also divided over the electoral symbol, though they have no differences over the RPP-N flag carrying the emblem of a cow. Under pressure from their cadres, the parties started the unification bid a year ago. The RPP was formed in 1990 with Thapa as a key central member. However, the party split on January 9, 2006 due to irreconcilable differences following former king Gyanendra Shah’s taking over the state powers. Thapa’s faction, which welcomed Shah’s move, formed the new party. BRUSSELS,AUG 7 A machete-wielding man who wounded two policewomen in Belgium was a 33-year-old Algerian, prosecutors said Sunday as the Islamic State group, behind a string of deadly attacks in Europe, claimed the assault. Quoting an unidentified source, IS-linked Amaq Agency said the attack by one of the group’s “soldiers” came “in response to calls to target citizens” belonging to countries in a US-led coalition bombing the jihadists in Syria and Iraq. The assailant died on Saturday after being shot by a third policewoman. Belgian prosecutors said on Sunday that the man, whose initials were given as KB, was already known to police. He had “a criminal record but was not known for terrorism,” they said, adding that he had been living in Belgium since 2012. Ahead of the IS claim, Prime Minister Charles Michel told reporters that an investigation was under way “for attempted terrorist mur- der”, hard on the heels of a meeting of Belgium’s security services. Michel saluted the courage of the police officers and repeated indications from investigators on Saturday that the attacker had shouted “Allahu Akbar” (God is greatest) during the assault in front of a police station. In a statement, prosecutors said two searches had been made in the neighbourhood where the attack happened. Saturday afternoon’s attack outside the main police station in the city of Charleroi, around 60 kilometres south of Brussels, left one of the policewomen with “deep wounds to the face” while her colleague was slightly injured, Belga news agency said. Charleroi police confirmed the attacker was killed and that the two injured policewomen were out of danger, though both were placed in an induced coma. Police spokesman David Quinaux told broadcaster RTL-TVI the assailant had “taken a machete out of a sports bag he was carrying and dealt very violent blows to the faces of the two policewomen.” C M Y K world kathmandu post the PG 05 | Monday,August8,2016 Modi hits out at cow-protection attacks India’s PM Narendra Modi has hit out at a spate of attacks by cow-protecting vigilantes, urging action against people who used religion as a cover for committing crime. Critics say killings in the name of protecting cows, considered sacred by India’s Hindu majority, have increased since the nationalist premier won power in 2014. news digest ‘At least 15 killed in Macedonia storms’ SKOPJE: Fierce storms packing strong winds and torrential rains killed at least 15 people overnight in Macedonia’s capital of Skopje, police said on Sunday. “As of 8:30 this morning (0630 GMT), we have discovered 15 victims (of the storms). Our teams are still searching for other possible victims,” police spokeswoman Liza Bendevska told AFP. Six people were missing, according to the police, while media reported that about one hundred others suffered injuries, most of them minor. Among the dead was an eight-year-old girl, a hospital source told AFP. “This is a disaster, we have never experienced such a thing,” said Skopje’s Mayor Koce Trajanovski. Probe opened over attack on Belgian police BRUSSELS: Belgium’s prime minister Sunday announced a terrorism probe into a machete attack that wounded two policewomen, in what appeared to be the latest in a string of jihadist attacks in Europe. “We have been informed by federal prosecutors that an investigation has started for attempted terrorist murder... given certain elements (in the case),” Charles Michel told reporters. The prime minister was referring to the attacker’s cry of “Allahu Akbar” (God is greatest) during the assault in front of a police station. No information was given about the attacker’s identity during the press conference in Brussels which followed a meeting of Belgium’s security services. Iranian scientist executed for ‘spying for US’ TEHRAN: Iran has executed a nuclear scientist convicted of handing over “confidential and vital” information to the United States, a judicial spokesman said on Sunday. “Shahram Amiri was hanged for revealing the country’s top secrets to the enemy,” Gholamhossein Mohseni Ejeie was quoted as saying by the Mizan Online news site. Amiri disappeared in Saudi Arabia in June 2009 and resurfaced a year later in the United States. (Agencies) kathmandupost.ekantipur.com Plastic surgery maestro dies Pistorius treated for wrist injuries Celebrated Brazilian plastic surgeon Ivo Pitanguy has died at the age of 90, a day after passing the Olympic torch for the Rio Games. He died of a heart attack at home in Rio de Janeiro on Saturday, a spokeswoman said. On Friday, he had held the torch on the final leg of the Olympic relay. Jailed South African Olympic athlete Oscar Pistorius has received treatment in hospital for wrist injuries. A prison service spokesman said the injuries were “minor” and that he had been returned to prison after Saturday’s incident. Pistorius denied he had tried to kill himself, the spokesman said. forces Win for generals as Thais Rebel break siege in vote for junta constitution Syria’s Aleppo Agence France-Presse Agence France-Presse BANGKOK, Aug 7 BEIRUT, Aug 7 Thailand voted on Sunday to approve a new constitution drawn up by the ruling junta, preliminary results showed, in a major victory for the army and a blow to the stuttering pro-democracy movement. Partial results released by the Election Commission late Sunday showed 62 percent of voters had approved the charter, with 90 percent of votes counted so far. Authorities estimated a subdued turnout at around 55 percent of Thailand’s 50.2 million registered voters, after a poll run-up that saw independent campaigning and open debate barred. Sunday’s referendum was the first time Thais have been able to go to the polls since army chief turned Prime Minister Prayut Chan-O-Cha toppled the elected government of Yingluck Shinawatra in 2014. The military says its new constitution will curb endemic political corruption and bring stability after the dizzying merry-go-round of recent years. Critics say it aims to neuter civilian politicians and tighten the grip of the military— and its allies in the royalist elite—over the country. The kingdom is split after a decade of political turmoil that has damaged growth, seen democracy shunted aside and left scores dead in rival street protests. The preliminary results starkly illustrate the kingdom’s bitter geographic divide. Only the impoverished and rural northeast—a region that has voted in droves for successive governments turfed out by the army—and the deep south—hit by a Muslim insur- n An elderly voter (left) prepares to cast his ballot as an official looks on at a local polling station during the constitutional referendum in Bangkok on Sunday. Thailand voted on a junta-crafted constitution in a referendum where independent campaigning and open debate has been banned, as opponents warn the document will perpetuate military power. AFP/RSS gency—voted against the ch a r t e r. Jat u p o r n Prompan, leader of the anti-junta Red Shirt movement, which is strongest in the northeast, hit out at the result. “I want to tell Prayut that your victory is nothing to be proud of as your opponents had no chance to fight,” he told reporters, referring to the ban on campaigning before the vote. “I am still convinced that power will return to the people some day,” he added. However millions voted in favour of the military’s charter, especially in the capital and the south. Thailand has a long history of turbulence. The military has successfully seized power 12 times since the end of absolute monarchy in 1932 and this constitution will be the kingdom’s 20th. But the latest chapter in the political crisis—dubbed the “lost decade”—has been particularly painful. Since a 2006 coup toppled Prime Minister Thaksin Shinawatra, Yingluck’s billionaire brother who is now in self-exile, power has flipped between elected governments linked to him and rule by the army and its establishment supporters. Shinawatra parties have won all general elections since 2001, scooping up votes of the rural poor and urban working class with policies promising greater wealth and opportunity. Their success has riled the military and its political friends who accuse the clan of debasing the country with graft and nepotism and have hit back through coups and the courts. The tension has been compounded by the frail health of 88-year-old King Bhumibol Adulyadej, as elites jostle ahead of the transition. After casting his own vote in Bangkok junta leader Prayut urged people to vote, adding: “This is democracy so all eligible voters please come out.” Prayut banned open debate on the contentious charter and scores of people have been arrested under a special law to curb opposition. The most divisive clauses call for a junta-appointed senate—including six seats reserved for military commanders—to check elected lawmakers and increased powers for courts, which are already accused of political bias. Another clause makes it easy to begin impeachment proceedings. Junta opponents believe the charter will further warp democracy. Syrian regime forces were on the defensive around Aleppo on Sunday after a rebel alliance said it inflicted a major setback by breaking a threeweek government siege of the battered city. A coalition of rebels and jihadists surged through regime territory on Saturday to open a new route into Aleppo’s besieged eastern neighbourhoods, home to an estimated 250,000 people. The breakthrough was met with euphoric scenes among civilians and opposition fighters in eastern districts, but sparked fear of food shortages among residents of regime-controlled western areas. Rami Abdel Rahman, head of the Syrian Observatory for Human Rights, said the development was one of the most significant setbacks for government forces since the conflict erupted in March 2011. “Despite more than 600 Russian strikes, the regime forces were not able to hold onto their positions,” he said. Steadfast regime ally Moscow has provided air support for forces loyal to President Bashar al-Assad since September 2015. Abdel Rahman said there were intermittent air strikes and clashes on the southern edges of the city on Sunday, where the opposition alliance overran a series of buildings in a military academy the previous evening. They then pushed northeast into the district of Ramussa, linking up with rebel groups that had fought south from inside the city. Rebels posted footage of their fighters embracing and celebrating the end of the government encirclement, in Air raids kill 10 near hospital: Monitor BEIRUT: A barrage of air strikes on Saturday near a hospital in northwestern Syria killed at least 10 civilians, said the Syrian Observatory for Human Rights. The monitor said the raids targeted the town of Milis in Idlib province, which borders Turkey and is controlled by a rebel alliance led by Al-Qaeda’s former Syrian branch. The Britain-based monitor said three children and two women were among the dead, adding that the raids were carried out by either Russian or regime warplanes. The Idlib Media Center, which publishes news on developments in the province, said a hospital was hit in the raid by unidentified aircraft and that at least six people had been killed. place since July 17. An AFP journalist in the eastern districts said one truck of vegetables entered late Saturday to be sold in the markets the following day. But their advance now puts the estimated 1.2 million living in government-held districts of the city under opposition encirclement, he added. “The western districts of Aleppo are now besieged. There are no safe routes for civilians in government-held districts to use to get into or out of the city,” he told AFP. Massive anti-coup rally in Turkey Clinton to follow Trump with economic speech in Detroit Associated Press ISTANBUL, Aug 7 Huge crowds gathered Sunday in Istanbul for a massive rally to mark the end of nightly democracy demonstrations following Turkey’s abortive July 15 coup that killed over 270 people. A 60-meter (200-foot) stage was set up at the Yenikapi meeting area by the Marmara Sea in Istanbul’s European side. It was framed by two platforms and draped with massive national flags and banners depicting Turkey’s founding father Mustafa Kemal Ataturk and current President Recep Tayyip Erdogan. Following the abortive putsch, the Turkish government has been encouraging nightly anti-coup rallies in all of the country’s 81 provinces as well as in certain foreign locations such as Cologne, Germany. Sunday’s grand finale in Istanbul, officially called the “Democracy and Martyrs’ Rally,” aims to represent Turkish unity, with Erdogan urging attendees to bring only the Turkish flag instead of party banners. “There we will stand together as a single nation, a single flag, a single motherland, a single state, a single spirit,” he said Saturday in comments carried by Turkish media. The event will be attended by the highest levels of Turkish leadership and two of Turkey’s three opposition parties. The pro-Kurdish People’s Democracy Party, or HDP, was not invited. Nearly 15,000 police will be providing security at the event, which the state-run Anadolu news agency estimates could be attended by millions. Anti-aircraft batter- ies have also been set up at the event grounds. Thousands of buses and over 200 boats have been commissioned to bring attendees to the area, where they will pass through one of 165 metal detectors before being given hats and flags. The event will be simultaneously broadcast on giant screens in all of Turkey’s provinces. Turkish media also claims that a giant screen will also be set up in Pennsylvania, the US state that is home to Islamic cleric Fethullah Gulen, who moved there in self-imposed exile in the late 90s. Associated Press WASHINGTON, Aug 7 Democratic presidential nominee Hillary Clinton will deliver what aides are billing as a major economic speech on Thursday in Detroit. Clinton’s appearance is set to follow a speech planned by Republican rival Donald Trump on what he would do to improve economic growth. Trump’s speech is set for Monday in the same city. The dueling Detroit n Hillary Clinton addresses come as new polls show Clinton gaining ground on economic issues. Aides say Clinton will outline her economic plans and argue that Trump is only focused on the wealthiest Americans. At campaign events last week, Clinton questioned Trump’s commitment to creating American jobs by highlighting his use of outsourcing at his companies. Trump’s populist economic message includes a vow to revive manufacturing jobs and renegotiate trade deals to benefit American workers. dy i n g a r t Malaysia’s traditional kite-making in peril Agence France-Presse PANTAI CAHAYA BULAN (Malaysia), Aug 7 Shafie Jusoh loves traditional Malaysian kites so much that he can’t get a good night’s rest unless he’s been working on them daily. “I need to make kites everyday, if not I can’t sleep,” the 69-yearold said. He began making them when he was a young boy, skipping classes to entertain his flights of fancy. “If you don’t do it everyday, you will lose the technique,” he added. Shafie is among a diminishing group of Malaysian master kite-makers who have dedicated their lives to breathing life into the ancient craft. A colourful giant two-metre kite with extended wings greets visitors at the entrance of Shafie’s dark and dusty studio in a sleepy village in Kelantan state. “I made this kite 30 years ago. You need 25 men to fly it,” the self-taught kite-maker quipped proudly as he showed a faded photo of it soaring in the air. A wooden table at his studio is lined with several awards from government agencies for his efforts promoting Malaysia’s kites, a national symbol, worldwide. He recalled one particular visit to Paris many years ago, where he had brought over 30 Malaysian kites to an exhibition and all were sold quickly. “To the foreigners, the kites are just so unique and they love it” he said. The early morning rays stream through a rickety green window, dancing on the thick veins on his arm as he flips and turns his knife, cutting a spiny bamboo stick to perfection. After thinning out several bamboo sticks, he bends and ties them with strings to form the main kite frame. Separately, using a small knife, he cuts out intricate floral n Participants carry their traditional Malaysian kites known as Wau Jala Budi during the annual kite festival at Pantai Genting beach in Tumpat on the outskirts of Kota Bharu, Malaysia’s northeastern Kelantan state on June 2. designs on an assortment of coloured paper. These are pains- AFP takingly pasted onto tracing paper which is then glued to the main bamboo frame. The kite is then left indoors for a day to let the glue dry. A ribbon is attached tightly to two ends of the kites and this produces a loud “swoosh” sound when the kite makes sharp turns in the sky. The entire process can take between two weeks to three months depending on the size and the intricate nature of the kite. “You need both the passion and the patience to make kites,” Shafie explained. There are several kinds of Malaysian kites, with various shapes based on stingrays, cats and peacocks. There is also a kite called “wau jala budi” where its curvy shape, some believe, is inspired by the outline of a woman’s body. But the “wau bulan” or moon kite with its lower tip resembling a crescent, an Islamic symbol, is the most popular in Kelantan. It takes around a week or two to produce a small moon kite and is sold for around 400 to 500 ringgit, said Shafie. Some moon kites though can be as high as three metres. The bigger models can cost as much as 9,000 ringgit. The “wau bulan” is also the inspiration behind the Malaysia Airlines logo. Many of Shafie’s customers are keen kite flyers but some also purchase his designs as decorative pieces for their homes. As he has built up such a reputation for his artistic pieces, his studio is also a popular pit-stop for international tour groups from Europe and North America visiting Kelantan. He enlists his wife Wan Enbong Wan Deraman to help when there are large orders. The state’s annual kite festival causes a surge in demand, with many local students buying his pieces. “My students like these traditional kites because of the historical knowledge and art involved,” one teacher told AFP. While the people of Kelantan, known for its crafts, still love such Malaysian kites, interest is waning. There are fears the ancient skills, passed from one generation to the next, will die out. “It takes many, many years to master the craft and the situation in Kelantan and elsewhere in Malaysia is that there are very few craftsmen who still have the traditional knowledge,” said Pauline Fan, creative director of Pusaka, an organisation that works to document and protect traditional Malay arts. She warned: “It’s intricate and hard and most young people don’t have the patience to do it...once the masters and the knowledge are gone, it will be difficult to get it back.” As for Shafie, he has no plans to retire any time soon and hopes there is still time for him to pass on his knowledge and skills to others. He said: “Some students, even a few outside of Kelantan, have come to ask me to teach them.” C M Y K thekathmandu post 06 editorial Monday, August 8, 2016 Let’s act together Since 1993 ED I T OR I A L As India moves up the value chain, some of its industries can be shifted to Nepal Early dividends Putting together an inclusive Cabinet early will help expedite governance issues N ow that the CPN-Maoist Centre’s Chairman Pushpa Kamal Dahal has been elected prime minister, the major ruling parties are busy nominating their members to ministerial positions. As always, this has been a slow process. So far, the Maoists have appointed three and the NC two ministers. It is heartening to see that the parties have decided to make the new Cabinet inclusive. Two of the new Maoist ministers come from historically marginalised groups. Minister for Youth and Sports Daljit BK Shripaili comes from the Dalit community, and the Minister for Agriculture Gauri Shankar Chaudhary is a Tharu. The NC has selected Bimalendra Nidhi, a Madhesi, to be the home minister, who the ruling parties expect will be instrumental in improving relations with the Madhesi population. This is important since many Madhesis remain furious over the local administration’s behaviour during the Tarai protests last year that saw around 50 deaths, including of police officials. We hope the parties continue to follow the principle of inclusion as they select the remaining ministers. In particular, it will be necessary to appoint women to ministerial positions. If history is any guide, there will be numerous disagreements within the parties over whom to appoint as ministers. This has often led to major delays in government formation, which has severely damaged governance. The parties should make all efforts to fill vacant ministries as soon as possible. NC President Sher Bahadur Deuba has committed to filling appointments to the ministers reserved for the NC when the convention of the party’s student wing, NSU, concludes this week. Prime Minister Dahal and the smaller parties in government should also commit to filling vacant positions as soon as possible. There is a slight problem with regard to Madhesi parties. Both the Maoists and NC are keen to include the agitating Madhesi parties in the government. These parties appear to have decided to join government once the ruling parties register a proposal to amend the constitution. There are other Madhesi leaders, however, who insist that the Madhesi parties should join government only after the amendment is endorsed by Parliament. For they feel that the Madhesi parties could betray their constituents and compromise on many of their demands in their desire to access power soon. Such suspicions have arisen as Madhesi parties have often been seen to be excessively power-hungry in the past, and have forgotten about their community once coming to power. This time around the Madhesi parties would do well to demonstrate that they are truly committed to what they have promised to their constituents. Even if they join the government, they will have to avoid nepotistic behaviour, such as appointing their spouses or other close relations to ministerial positions. MADHUKAR SJB RANA & ATUL K THAKUR A review of trends in Nepal-India trade and investment reveals that the main challenge is identifying constraints and recommending policies that can be implemented without going against the political fundamentals of the land. First, the need of the hour is to evaluate the sectors and sub-sectors of comparative advantage in goods and services in the two countries and formulate policies in a positive spirit. The potential of developing production networks in services and manufacturing in the two countries need to be assessed. As India moves up the value chain, some of its industries like food and agri-processing and labour-intensive activities can be shifted to Nepal. The next important step is examining issues related to informal and border trade between the two countries and find ways to remove bottlenecks and make things different and better. Raising possibilities In the context of improved connectivity between China, Asean and South Asia, something could be tried by bringing China closer to the economic cooperation grouping of India and Nepal. Before this is done, an in-depth examination of the potential and feasibility of India-Nepal-China connectivity and the possibility of industrialisation policies such as the establishment of special economic zones (SEZs) and industrial agglomerations should be made. However, before moving in that direction, it would be crucial to assess the impact of the current institutional arrangements for trade and investment between the two countries (such as Nepal-India trade and transit treaties and Bippa) and recommend alternatives, perhaps along the lines of India-Singapore comprehensive economic cooperation. To take this idea further, the South Asian Institute of Management (SAIM) aims to study Nepal-India trade and investment with an analytical assessment and action plan. The underlying objective is to enhance trade between the two countries for shared prosperity and concern. This represents an important initiative to strengthen the economic relationship between the two neighbours. It will build on a positive environment, namely the rapid economic progress that India is making and its emerging role, particularly in Asia, and the comprehensive reform and peace process that Nepal has embarked upon since 2006. The first meeting between the Observer Research Foundation (ORF) and SAIM in this regard was held in Kathmandu in November 2011. The second meeting was held in New Delhi in April 2013. The ORF, a New Delhibased policy think tank, is a major constituent of this project. It aims to generate participation from the media, members of the chambers of commerce of the two countries, think tanks and embassy officials, among others. Most importantly, the project will encompass citizens’ views from the Indian states bordering Nepal, notably Bihar, Uttar Pradesh, Uttarakhand and West Bengal. Pressing issues As India-Nepal relations have been on a roller coaster in recent years, impacted by unusual political churnings, bilateral trade ties have been hit hard. Irrespective of how politics treats economics in both countries, there should be efforts to genuinely make Nepal-India relations friendlier. The open border would yield much better outcomes if they promoted it as a gateway for trade and productive mobility. In modern times, it is imperative to customise cross-border trade and transit dealings. Anyone with a pious vision to see the region from a broader South Asian angle will lament instances like the recent ‘border blockade’ where the narrow design of politics triumphed over all sorts of finer rationale. Undeniably, the political classes in Nepal should track a different course where they will be able to secure a path of stability. As another round of political flux is in the offing with a new prime minister in place, Nepal clearly appears not to be in good shape to take on pressing issues of survival that fall in the economic and trade domains. reflective of healthy upward mobility, the economics of the land calls for an immediate and active interface with politics. Nepal is sitting on a pile of very rich human and natural resources, and exploring these resources with renewed thrust is the need of the hour, not passing the buck. India has come a long way since 1991 when it first opened up its economy while facing a serious balance of payments crisis. Politically too, it was anything but in harmony. The progressive minds in the government, however, made a difference by playing above the narrow confines of authority. They thought of the nation first and moved up. The same way, Nepal needs to embark on a journey that will be for economic liberation of its masses from the vicious cycle of poverty. Nepal, a beautiful country, truly solicits the application of beautiful ideas. By moving towards the goal of political and economic parity, it will line up with a healthier trend to play in a big globalised world. Heed the lessons A poor industrial base combined with scarce local employment opportunities force Nepalis to migrate en masse to employment destinations. As the phenomenon is not Rana is the chairman of the South Asian Institute of Management and a former Nepali finance minister; Thakur is a New Delhi-based journalist and public policy professional Irrespective of how politics treats economics in Nepal and India, there should be efforts to genuinely make bilateral relations friendlier Interview S u r ya K i r a n G u r u n g Parties now see victims as main stakeholders in settling war-era cases The formation of the Truth and Reconciliation Commission (TRC) in 2015, eight years after the signing of the Comprehensive Peace Agreement (CPA), marked an important milestone in Nepal’s peace process. Last week, the Nepali Congress and the Maoist Centre, once major wartime opponents, formed a ruling coalition. Both the parties insist that putting an end to transitional justice issues will be their major priority, alongside settling disputes with the Madhesi parties. In his interview with Akhilesh Upadhyay and Dewan Rai, Chairman of the TRC Surya Kiran Gurung argued that the major political parties have now come around to the idea that all war-era cases cannot be pursued, but action needs to be taken against perpetrators of ‘grave human rights violations’ in order to give closure to outstanding wartime records. Gurung also argued that victims should be the primary stakeholders in the search for long-term peace in a post-conflict society. How do you view the current status of the TRC? I am happy with the journey we have made so far. In the initial stage, the conflict victims were sceptical about the commission. We have managed to allay their suspicions to a large extent, and thousands of victims have registered their cases with us. Other stakeholders, who were under the impression that the commission’s job was only to bring about reconciliation and provide compensation to the victims but not to prosecute, have come to realise that the commission will recommend actions against serious rights violators. The international community, which did not have much trust in the commission, has now started asking for relevant amendments to the TRC Act—in accordance with the Supreme Court’s decision. We forwarded those demands to the committees of the Legislature-Parliament on December 16, 2015. We are confident that if those amendments are made, the international community will cooperate with us. I feel we are on the right track to bring this issue to a close. What kind of amendments do you think would be fruitful? According to the SC verdict, amnesty cannot be provided in every case and action needs to be taken against perpetrators of grave human rights violations. Rape and sexual violence play no part in war; they do not influence the outcome of war in any way. They are simply criminal acts and we cannot build a healthy society without taking action against perpetrators of such crimes. People do die in wars but action needs be taken against perpetrators of torture or killings of prisoners of war. We also want amendment in the TRC Act. Of the nine ‘gross violations of human rights’ mentioned in the Act, eight are within the TRC’s jurisdiction. Torture is one of them. However, laws criminalising it are yet to be passed. Another problem in the Act is the phrase “serious crime”, since there is no explanation as to what kind of crimes constitute it. Without clarity on this, it is difficult for the TRC to do its job. Similarly, rape cases need to be reported within 35 days, which has been extended to six months by the SC, but that does not help as the TRC was formed almost nine years after the CPA was signed. Without getting rid of this provision, we will not be able to prosecute the perpetrators of rape and sexual violence. There is a provision of a special court for cases we recommend for prosecution after our investigation. However, such a court is yet to be established. We have asked that it be established as soon as possible. fails to take a balanced approach to these three issues. How do you view the position of three major stakeholders—the NC, the UML and the Maoists—on transitional justice? Broadly, there were all in the favour of reconciliation over prosecution. They argued that a focus on prosecution would exacerbate the conflict. We told them that while we are aware of their concerns, it should also be noted that several cases of rights violations are unrelated to the conflict. The spirit of reconciliation is that it has to come from the hearts of the victims. We have found that there are some cases in which the victims want to forgive and forget. But there are also cases where they feel they deserve justice. The TRC will not go against the wishes of the victims. The political parties and other stakeholders now seem to have internalised that serious cases of rights violations have to be prosecuted, and the TRC takes that as a positive sign. The Maoist Centre and the Nepali Congress, the current coalition partners, were on the opposite sides during the conflict. Now that they are in the government together, what could be the middle ground in addressing serious human rights violations during the war? It is very important that we make a distinction between cases that took place in accordance with the principles of war and those that were entirely criminal in nature. The transitional justice laws we have in place are incomplete; there are many contradictions. For example, although we are called the Truth and Reconciliation Commission, there is little room for reconciliation. Cases of destruction of public property have also been categorised under serious human rights violations. This will not help settle the conflict. Cases without any physical harm, such as confiscation of property or displacement, can be settled through reconciliation. One the one hand is a school of thought that argues that all the cases registered during the war-era have to be investigated and action needs to be taken. Some political parties, on the other hand, want to ‘forget and forgive’ all incidents and move on. How can the two views be reconciled? The TRC will move ahead by finding a How has the TRC looked at two recent incidents related to war-era cases, namely the cancellation of the newly-elected Prime Minister Pushpa Kamal Dahal’s trip to Australia and Nepal Army Officer Kumar Lama’s ongoing prosecution for torture in the UK? POST FILE PHOTO middle ground between these two extreme positions—that each war-era case should be prosecuted and that no case should be prosecuted. But if each violation is to be prosecuted, there will be no point in the formation of the TRC. However, if the victims feel that the commission could not deliver justice, they can still go to regular courts.The TRC has to be particularly sensitive towards the victims. They are likely to be satisfied only if they feel the state has been adequately sensitive and responsive towards their needs. But apart from the victims, there are other stakeholders to the conflict too. What about their concerns? There are three issues to be understood here. First, the idea of the TRC came into existence after the CPA was signed on November 21, 2006. The CPA internalises that neither side won nor lost the war. We want this spirit of the CPA to be reflected in practice. Second, both sides committed violations during the war where innocent civilians too became victims. A responsible state is one that addresses the concerns of its citizens. Third, Nepal is party to various international treaties and conventions on human rights. The international community is watching to what extent Nepal is implementing those treaties. The TRC cannot be successful if it Col Lama’s case has established that cases of torture are not confined to the jurisdiction of any state. Dahal’s case shows that there isn’t much we can do about how a particular country’s judiciary decides to deal with people who have allegedly committed crimes in Nepal. But the TRC has made it clear to the international community that we are committed to respecting human rights, and that violators will be brought to justice. I am convinced that the Nepal government will heed the final report of the TRC seriously and follow its recommendations. When do you expect the TRC’s work to come to a conclusion? We are planning on completing the work within the TRC’s mandate, which is about six-and-a-half months away. But for that to happen, laws and regulations have to be amended according to our request and we have to be provided with adequate resources. What has the TRC done so far to facilitate reconciliation and reparation? We are in the process of forming various task forces, which will take about ten more days. Reconciliation is our main responsibility. But our work may not be acceptable if we do not take into consideration the views of the victims’ representatives. We will also formulate policies to facilitate reparation to the victims. We will discuss ways to carry out public hearings in the future. Our job is not only limited to unearthing what happened during the conflict, but also why they happened so as to ensure that they are not repeated. One only needs schooling up to Grade 8 to qualify for recruitment into Nepal’s security forces. If they have no idea about human rights or the Geneva Convention, how will they know if they have flouted the law? Many of those who fought for the rebels were even less educated. So they need training and education about conflict and human rights from an early age. We have to think of the consequences of imposing Western standards of human rights on our country. Will this facilitate conflict management or will it trigger another conflict? But aren’t there certain universal requirements of post-conflict transition and reconciliation? South Africa is considered the most successful case of post-conflict reconciliation. But what I found surprising in their acts was that there is no mention of prosecution or reparation, only of reconciliation. We, on the other hand, have a provision of reparation not only from the state but also from the perpetrators. Of course, we have to abide by certain universal requirements, but our main focus is to make sure that the victims are satisfied with the transitional justice process. C M Y K 07 thekathmandu post Monday, August 8, 2016 Politics BUSINESS & FINANCE Why don’t we trust leaders? Diminishing returns Free-trade deals neither raise advanced-economy incomes, nor serve poor countries Jomo Kwame Sundaram & Vladimir Popov Three criteria that responsible political elites must fulfill to regain voter trust Ngaire Woods O XFORD—In developed democracies today, political leadership is increasingly up for grabs. Voters, clearly tired of the status quo, want change at the top, leaving even major parties’ establishments struggling to install leaders of their choosing. In the United Kingdom, Labour Party MPs have been stymied in their efforts to unseat Jeremy Corbyn as leader. In Japan, the ruling Liberal Democratic Party’s preferred candidate for Governor of Tokyo, Hiroya Masuda, lost in a landslide to Yuriko Koike. As for the United States, the Republican Party wanted virtually anybody except Donald Trump to win the nomination for the presidency; yet Trump it is. And while the Democratic Party is being represented by the establishment choice, Hillary Clinton, her competitor, Bernie Sanders, put up a much stronger fight than virtually anyone anticipated. The message to the establishment is clear: we don’t trust you anymore. But some of the leaders voters do trust could pose a very real danger—to their supporters, their countries, and the world. Trump—with his admiration of dictators, unabashed racism and sexism, ignorance regarding the issues, and mercurial temperament—stands at the top of this list. Those who led the British campaign to leave the European Union—such as Conservatives like Boris Johnson (now the country’s foreign secretary) and Nigel Farage, the right-wing populist leader of the UK Independence Party—are similarly disparaged for recklessly jeopardizing the future of the UK and the EU alike. If mainstream leaders want to change voters’ minds, they should look carefully at what leadership really means. Here, it is worth recalling the insights of US General George C. Marshall, who contemplated the topic as he worked to rebuild the US military in the 1940s. Marshall argued that leadership is a matter not of rhetoric, but of character. In particular, leaders must display three key qualities to win the trust needed to lead effectively: purpose, impartiality, and competence. Purpose, in his view, meant putting the greater good ahead of one’s own interests. This kind of leadership still exists. A shining example is Jo Cox, the young British MP who was murdered during the Brexit campaign, whose leadership in advocating for the rights of refugees was recognized across party lines. But, in many cases, politics has become a matter of self-promotion— and a race for ratings. In today’s celebrity culture, politicians must be “personalities.” They campaign like contestants on a reality TV show. Trump, with his clownish looks and showbiz resume, is probably the ultimate example of this shift. (The Huffington Post even decided last summer to publish coverage of Trump’s campaign in its entertainment section.) The problem is not only that this can lead to the election of utterly unqualified leaders. It is also that, once elected, even qualified leaders can struggle to shed the personal elements of their decision-making, and serve the country impartially instead. The slippery slope is exposed in a memo—recently disclosed as part of the UK’s Chilcot Inquiry—written by former British Prime Minister Tony Blair to former US President George W. Bush in the run-up to the Iraq war. The note begins, “I will be with you, whatever.” He was talking about leading his country into war. Yet his language suggests that his personal bond with Bush some- how took precedence over his duty as Prime Minister. Leading with purpose, rather than personality, is closely related to the impartiality that Marshall thought essential. Once in office, leaders must act with fairness and candor. They must resist the temptation to use official power to benefit themselves, their families, or their cultural identity group, and refuse enticements, however powerful they may be, to offer special access or protection to friends, funders, and lobbyists. Maintaining a high standard of impartiality is not easy, but it is far from impossible. President Pedro Pires of Cape Verde was awarded the 2011 Ibrahim Prize for Achievement in African Leadership, for transforming his country into “a model of democracy, stability, and increased prosperity.” Pires retired from office without even a house to his name; he worked for the people, not to amass personal wealth. The third criterion for good leadership—competence—is not just a matter of how much knowledge a leader already possesses. As Marshall noted, it also consists in leaders’ capacity to learn from their mistakes and to prepare themselves and those around them for important decisions. Chilcot’s verdict on Britain’s lack of preparation for the Iraq War and its aftermath is damning in this regard. So is the Brexiteers’ lack of any plan whatsoever for how to proceed after the referendum. It is time to revitalize good leadership. Voters need to see candidates who show purpose, impartiality, and competence. If they don’t, they will continue to vote against the establishment that they believe has failed them—even if it means voting for turmoil in Europe or a reckless narcissist in the US. Ngaire Woods is Dean of the Blavatnik School of Government and Director of the Global Economic Governance Program at the University of Oxford SUSTAINABILITY & ENVIRONMENT Microfinancing climate resilience Lending to small businesses in poor areas can mitigate the impact of global warming Mark Malloch Brown L ONDON—Vulnerable communities face the brunt of climate change— from rising sea levels and extreme weather events to prolonged severe droughts and flooding. According to the World Bank, without effective mitigation measures, climate change could push more than 100 million people into poverty by 2030. To help the most vulnerable communities become more resilient to the effects of climate change, financial institutions should support small and medium-size enterprises. In emerging economies, SMEs account for as much as 45% of employment and up to 33% of GDP— and these numbers are significantly higher when informal SMEs are included. When an SME builds up its own climate resilience, it can have cascading effects in the community around it. Unfortunately, SME owners generally have trouble securing bank loans, and instead must turn to informal lending and alternative funding sources to support their businesses. According to the World Bank, 50% of formal SMEs lack access to formal credit, and the total credit gap for both formal and informal SMEs is as high as $2.6 trillion worldwide. While the gap varies considerably among regions, it is particularly wide in Africa and Asia. Microfinance can close this gap by providing the small loans that SMEs need to get off the ground and thrive. According to the OECD, microfinance institutions, including national foreign-aid agencies, banks, credit unions, and nonprofit organizations, already provide basic financial services to more than 100 million of the world’s enterprising poor, 90% of them women. The role of microfinance in boosting SMEs’ climate-change resilience needs to be more fully defined. In Africa, Asia, and Latin America, microfinance has enabled SMEs to invest in drought-resistant crops, build better irrigation systems, and purchase climate insurance to protect incomes when crops fail because of too much—or too little—rainfall. These projects already have a proven track record. According to a review by the OECD, 43% of microfinance activities in Bangladesh in 2010 had strength- ened the resilience of communities. These projects include lending programs for weather-resistant housing and drought- and salt-tolerant seeds, and they enhanced climate-change resilience. In Nepal, microfinance is supporting disaster relief and preparedness, crop diversification, and improved access to irrigation. Microfinance can also help SMEs transition to low-carbon business models, by financing their efforts to adopt renewable energy sources and shift to sustainable production and supply chains. Microfinance is not the only solution, and it certainly has its critics. To allay concerns about money being poorly spent, microfinance institutions should reward SME owners who use loans to finance climate-change resilience and renewable-energy projects. This need not be an act of corporate social responsibility. In fact, according to the Business and Sustainable Development Commission, which I chair, such an approach is in microfinance institutions’ own self-interest. The private sector should understand that the climate crisis is also an opportunity, especially with regard to SMEs. In fact, some in the private sector already recognize this. GSMA—a trade group that represents K UALA LUMPUR/MOSCOW—In its May 2010 “Global Survey,” McKinsey & Company reported that, “the core drivers of globalization are alive and well.” In an April 2014 report, the firm went further, declaring that, “to be unconnected is to fall behind.” But now McKinsey seems to have changed its tune. In a new report, “Poorer Than Their Parents? Flat or Falling Incomes in Advanced Economies,” the McKinsey Global Institute asserts that developed countries should not expect further gains from the process of globalization. Income growth has stalled since the 2008 financial crisis and “even a return to strong GDP growth may not” reverse the trend. Specifically, McKinsey finds that, from 2005 to 2014, real (inflation-adjusted) incomes remained flat or fell in 65-70% of households comprising 540 million people across 25 advanced economies. In the United States during this period, 81% of the population experienced flat or falling real incomes; in Italy, 97% did. By comparison, from 1993 to 2005, advanced-economy real incomes remained flat or fell in less than 2% of households. Government transfers and tax cuts mitigated some of this trend’s effects by leaving families with additional take-home income, especially in strong welfare states. But even with those measures, up to a quarter of households in some countries experienced stagnant or lower disposable incomes between 2005 and 2014. The years since 2005 have shown globalization to be a double-edged sword, and even conservative politicians worldwide have stopped cheerleading for it. As former French Prime Minister Dominique De Villepin recently put it, “Globalization, on the one hand, promotes cooperation; on the other hand, [it has] brought new mutual exclusion, isolation, and radicalization.” In the US, Donald Trump won the Republican Party presidential nomination on an anti-trade, anti-immigration platform. Trump’s base of support comprises white working-class voters who feel that globalization has destroyed their prospects for economic success and security. Trump has explicitly appealed to these voters’ prejudices and has called for “Americanism, not globalism.” The “Leave” side in the United Kingdom’s Brexit referendum orchestrated a similar campaign, and xenophobia and ethno-populism are resurgent throughout the West. Some of the blame for this goes to Western governments that, ignoring the uneven effects of free trade, failed to assist the “losers.” To be sure, free trade can reduce prices for consumers and raise real incomes for some workers. But it often does so at the expense of other workers who are displaced when companies, competing on a cutthroat international stage, move jobs elsewhere. Over time, while many people in a few countries have benefited, many others have lost more in real income than they’ve gained from lowcost imports. Only a few governments managed this difficult tradeoff well, by providing adequate unemployment compensation and skills training, and promoting new, more remunerative employment opportunities. And at any rate, such measures address only the dislocations from trade within countries. They do not account for larger international forces at work, especially those affecting developing countries that cannot afford strong social-welfare programs. One option for mitigating globalization’s international displacement effects is “aid for trade,” which the Columbia University economist and free-trade evangelist Jagdish Bhagwati proposed over a decade ago. Bhagwati recognized that free trade can be a disruptive force that requires international coping mechanisms, especially for less dynamic developing countries. He called for financial transfers from advanced to developing economies to compensate for displaced productive and export capacities (and lost tax revenues), and to enable recipient countries to overhaul those capacities to become more competitive. Navigating the economic transition to international competitiveness isn’t easy. It often requires government interventions to coordinate resources, build infrastructure, and manage export-promotion projects. Moreover, policymakers must view comparative advantage dynamically, rather than in terms of traditional comparative static (“before and after”) analytics. International competitiveness is not just about low costs, but also about quality control and customer satisfaction, none of which magically happens overnight. Thus, in many cases, measures that cushion the transition are essential. Unfortunately, the new generation of investment and free-trade agreements that American and European leaders are pushing for today—often with exaggerated promises of economic benefits—provide for none of this. With global trade already significantly freed up—and with incomes already stagnant or falling—claims that new FTAs will boost incomes are dubious, at best. On the contrary, for developing countries, proposed agreements like the Trans-Pacific Partnership pose serious threats: their non-trade provisions strengthen the hand of financial rent-seekers, intellectual-property owners, and multinational corporations vis-à-vis governments—all of which would hold emerging economies down, rather than helping them up. We’ve heard from globalization’s victims in developed countries, where most people have seen no income gains in more than a decade. But if these non-trade provisions are adopted, we will soon see a backlash in developing countries as well, unleashing political and economic consequences the likes of which we can hardly anticipate. Jomo Kwame Sundaram was Assistant Director-General and Coordinator for Economic and Social Development in the Food and Agriculture Organization of the United Nations; Vladimir Popov is a principal researcher in the Central Economics and Mathematics Institute of the Russian Academy of Sciences hundreds of telecoms operators, and whose director general, Mats Granryd, is a member of the Business Commission—and its members are facilitating microfinance in rural areas. With mobile phones, farmers can quickly find information ranging from seed prices to weather patterns, and have immediate access to the funds they need to complete transactions. This mobile-enabled information leads to better decision-making, saving the farmers money and boosting their resilience to extreme-weather patterns and droughts. And of course mobile providers benefit as well from operating in an expanded rural market. There are also opportunities in peerto-peer lending networks, whereby online services match lenders directly with borrowers. P2P micro-lending platforms such as lendwithcare.org, Lendico, and RainFin have proved popular, and could re-energize the microfinance community and provide wider access to loans for SMEs in developing countries. Financial products like weather derivatives—which insure the harvests and enterprises of SMEs and some of the world’s poorest people— also have potential. If the world is serious about mitigating the worst effects of climate change, especially its disproportionate impact on vulnerable communities, both the public and private sectors should support efforts to extend microfinancing to SMEs. Those on the front line of protecting lives and livelihoods can’t go it alone. Mark Malloch Brown, a former UN deputy secretary-general and UK Foreign Office minister of state for Africa, is Chair of the Business and Sustainable Development Commission C M Y K kathmandu post kathmandupost.ekantipur.com the PG 08 | Monday, august 8, 2016 In the fast lane With the Nepali automobile market saturated with established and newly-emerging brands, what advantages do well-recognised brands have? And how can new brands gain a foothold? Shaleen Shah T he streets of Kathmandu are crammed with sheer numbers of cars, motorbikes and scooters honking away at each other. As the urban myth goes, the total length of all vehicles put end on end is greater than the cumulative length of all the roads of the city. Year by year, this number is only increasing. In fact, the total number of registered cars, Jeeps and vans more than doubled in the past fiscal year, from 10,528 to a brow raising 21,647. Only a few decades ago, there were only a handful of well-known automobile brands in Nepal. Today, new auto brands are launched every few years. In such a rapidly changing market, crowded with myriad brands and products, what role does the reputation of a brand play in raising its appeal with the customers? How do established brands maintain their momentum and how do new brands penetrate the market? Well established brands have a competitive edge in the market because of their reputation, however, this does not necessarily mean that they don’t face challenges. When a new brand enters the market and offers unique features, older brands rev up their products as well as marketing in order to avoid falling behind. “Living up to a brand’s established reputation is a challenge,” says Karun Shakya from CG automobiles, “Each brand or product has its forte. For example, Suzuki offices have excellent sales service and infrastructure, whereas its products offer higher mileage and ease in maintenance. Likewise, other products and brands may have other aspects in which they specialize in.” According to Shakya, advertising and marketing is as important as product quality. Shital Dahal seconds this argument. “A brand cannot survive solely by creating good products.” Dahal points out, “They have to sell it too. Advertising sways people’s attitudes people towards products. Often-times, a creative newspaper advertisement may generate greater sales than a superior product. In this industry, using creative marketing and advertisement strategies is one of the biggest challenges. Without it, companies are likely to collapse.” Conventional wisdom would state that top brands largely dominate the market whereas newer ones quickly become obsolete. After all, would people buy new products when there are already trustworthy ones in the market? The answer is, yes. Countless automobile brands have emerged and held value in the market, despite the plethora of competitions. How do new brands establish themselves in the saturated market? Karun Shakya provided the Post with a possible explanation, “The answer can be summed up in one w o r d — c u r i o s i t y. Whenever a new player enters the market, there is a lot of anticipation. If it is of decent quality, provides something n Karun unique, and is advern Bikash Bajagain Shakya tised correctly, it will n Shital Dahal most likely sell.” Skoda is a relatively new are much sought after.” brand in Kathmandu. With other Like Skoda, other brands are bigwigs already in the market, how continually penetrating into the did Skoda make its stand? It is nec- automobile industry whereas well essary to scrutinize Skoda’s quirks established brands are racing to in order to reveal the answer. maintain the status quo. But in “Skoda is primarily known for its this ever changing market, which luxury automobiles—chiefly is a bubbling soup of brands and sedans and SUVs,” says Bikash products—both old and new, how Bajagain, assistant manager of does one select confidently select a marketing at MAW Enterprises, vehicle which would suit one’s “Luxury, comfort and safety are needs? There is no clear answer, Skoda’s strong suits. In fact, when but there is a logical approach to it. it comes to luxury vehicles in Recently, a Jeep Grand Cherokee Kathmandu, Skoda is one of the SUV ran over Star Trek actor first brands that comes to mind. Anton Yelchin, pinning him down These aspects helped Skoda move to his mailbox and killing him. into the automobile industry and The distressing part is this—the now, even though it is not one of SUV was his own. Yelchin climbed the leading brands, its products out of the vehicle, thinking he had shifted its gear to Park. Due to a defect in the vehicle, the SUV did not adequately alert the actor that it was still in gear and allowed him to exit without any warning. Now, when it comes to SUVs, Jeep is the first company that comes to mind. In fact, SUVs have been unofficially renamed as “jeeps” in the same way that the phrase “search” has been replaced by “google”—a courtesy of the Jeep’s leading products. However, this led to Anton Yelchin’s death—a defect in one of Jeep’s products. Coming back to the question— how does one select an automobile from the variety of options that are available? Is it wise to experiment with newer brands which offer novel and exciting features? Taking everything into account, including the Jeep incident, is it safe to assert that products are only as good as the engineers and contributors who created it. Big brands may hire skilled employees and as a result, create superior products, but this might not always be the case. Thus, it is important to closely scrutinize the product itself, but not necessarily the brand or the advertising. Keep your brand relevant All brand managers would love to have a brand that is hot, relevant and shows the kind of retail velocity that we all dream about. Unfortunately, this doesn’t always happen. Like musicians, brands get stale and irrelevant unless they reinvent themselves to be current. Here are tips to help your brand gain new-found relevancy with your customer-base: Have vision All brands have ebbs and flows. It is important for your brand to always understand the dynamics of the marketplace. Even Apple, the brand that could seemingly do no wrong, is being questioned about its future innovation. If Apple can hit a bump in the road, any brand can. Therefore, as a brand manager you must look ahead to what’s on the horizon and be ready to adapt before it’s too late. what their target consumer wants and what their motivations are. This is a huge problem and it happens all the time. Consumers are fickle. When you start to think for them, you are in trouble. Thus, utilize all your communication vehicles--research groups, social media, and retail outlets--to ask a lot of questions. This hands-on information gathering will reveal valuable information that can easily translate into product value propositions. re-discover the brand or take notice for the first time through innovation. You see it often in the spirits, automotive and consumer technology spaces, where the “what have you done for me lately?” mantra thrives. Don’t veer away from what made your brand successful; however, the right kind of innovation can turn you into front-page news, which will ensure your brand stays relevant. Ask questions One of the biggest challenges brand managers have is the threat of becoming myopic. They begin to believe that they know exactly Innovate One of the biggest opportunities for older brands is to create a reason for existing customers and potentially new customers to Be open to new Approaches Recognize that today’s consumer is buying online. As such, consider your retail distribution and determine if there are new, creative You are a brand W Just like with any other brand, the things you do affect your personal brand for the better or for the worse hen we think of brands, we think of brand names that represent products and companies usually, or that identifying logo or name that identifies something. However, a brand is basically just the identifier of something and therefore each of us has our own brand. Your name is your brand, and your reputation affects that brand in the eyes of others. Just like with any other brand, the things you do affect your brand for the better or for the worse. If you stop for a moment, and think about the names of other public people, and what type of thoughts or imagery pop into mind when thinking about them, that is how they have branded themselves to the outside world. Think of people like Britney Spears, Lady Gaga, Ron Paul, Angelina Jolie, Donald Trump; what kind of image and thoughts do those brands represent to you? So, your job is to make your brand as positive as possible, so that anyone hearing your name will instantly have good things come into mind, and not thoughts that give them reservations about you. In all you do, be consistent as this is a great trait to have attached to your brand. Perform at your best all of the time, and consistently maintain a good work ethic and project completion. If you are the type of worker that focuses on getting and achieving only the high profile, high profit tasks, and blow off or pass away what you consider menial tasks, then you are setting yourself up for some negative branding. Be consistent and show that you can consistently produce and deliver on a task, regardless of the size or importance. Keep your word and do not make promises that you know are stretching it or outright impossible. Making such promises to clients or your company can obviously hurt your brand when you fail to deliver. Keep an eye on how you are perceived in the social media world. If you grumble, complain or attack others on your social media networks, this can become a bad mark on your brand in the eyes of others. Within the circles of people I associate with online, I personally know about three people that the mere mention of their names ignites anger, hatred, or mockery. They have zero respect and have ruined their ways to make your product more available. Could going direct to consumers work? How about e-commerce? Any of these could be good options, depending on your brand, your consumer, and where they typically shop. Take chances What made you successful might be completely irrelevant today. Thus, keep an open mind and consider all options with a fresh perspective. Though the crazy, turbulent consumer marketplace is fraught with challenges, it is also what makes marketing so exciting. brand to the point where nobody cares what they say before they even say it. They have basically burned every bridge they could, and their name is mud. Do not be conceived by others as a hateful, arrogant, obnoxious, self-centred, self-righteous jerk even on social media, because remember, companies and hiring agents use social media for finding job candidates. Do not be invisible at work. You may feel that your job requires you to fly under the radar more, in order to not garner attention or be called out for some undesirable task, and that may be your survival method. However, it does not assist you in advancing your career or thriving in your job. Applying all of the above mentioned tips allows you to step out and make a better name for yourself. Make sure your speech matches your actions. If you are constantly telling colleagues how much you value their time, but then continually show up late to appointments with them, that is a negative strike against your brand. As it is commonly said, actions speak louder than words, so be sure your words and actions are consistently a match. So, in all of your speech and action, apply all efforts you can to improving your brand, and watch for ways you can trim back and eliminate things that may be putting a negative spin on your brand. C M Y K 09 thekathmandu post escalate Monday, August 8, 2016 Right person for the right job In today’s highly specialised world it is even more crucial that employers play to their employees’ core strengths Resta Jha O vercoming insurmountable odds and much to everyone’s delight, Leicester City recently won English Premiere League. Wales and Iceland beat Belgium and England to reach semi-final and quarter-final respectively in the recently concluded European Championship. If we analyse these success stories closely, two things will be emerge--wonderful team-work and the fact that the managers fielded right players in the right positions. All of these teams beat much bigger and wealthier teams on their way to glory. This was possible primarily because the players knew their jobs— either in goalkeeping, defense, midfield or striking positions--and they worked really hard in their respective roles. But perhaps most importantly, each one of them enjoyed the respective challenges pertaining to their specific roles. Success, then, was all but inevitable. These very principles are applicable in the business world as well. In any entity, jobs can be segregated into front office and back office functions or technical and marketing/ sales functions. While back offices and/or technical jobs require research capabilities, analytical skills, number crunching and so on, marketing/sales functions require sound personality, good presentation and interpersonal skills. Introverted people are more suitable for office work, whereas extroverted ones do well in marketing roles. We have seen many examples where people have failed miserably when they are placed in a department against their strength profile. For example, an officer, who has wonderful inter-personal capabilities, was working in an operation department, where one needs to follow structured processes and stay confined to table work. He could not deliver good results in this area. But, once he was transferred to sales function within the same organisation, his performance became instantly better. The second job matched his strength profile because he was extrovert, had wonderful inter-personal skills, always liked meeting people, marketing the products and hence could increase sales for the organisation. He enjoyed working in the marketing department as the job requirements matched his individual preference, whereas he was not doing well earlier as the job requirements were against his natural likings. At the previous job he was constantly pushing himself to delivering results, often-times against his will. Another example, an individual who was absolutely hard working but lacked any substantial experience, was assigned to handle a small retail business. Although, business was not large, she had to oversee all the four critical areas of business, namely supply, production, demand and collection functions. Her role also required wonderful HR and leadership skills. There were people to provide her with strategic inputs, how- ever, there was no guide or supervisor to oversee her functions on a day-to-day basis. Although this individual was highly committed, she failed because she was not the right person to lead a venture at that point in time in her career. She was subsequently transferred to the finance department, where she was provided with continuous supervision, after which her efficiency increased many fold. What I am trying to get at here is that one should always do what they love to do. This is not just applicable for entrepreneurs who begin their own ventures in a sector that they like, but it is also crucial when they are hiring a team to support and implement their ideas. If someone is not enjoying the work, she/he should quit that job and switch to a work in line with her/his preference. These days training and development initiatives are also focused on individual’s strengths rather than her/his weaknesses. As we move towards age of specialisation, it is no longer necessary to become a jack of all trades. Today, employees at an organisation are required to perform highly specific tasks. In this backdrop employers Leicester City’s recent Premier League triumph highlights the value of fielding the right team-players in the right positions and keeping them constantly motivated would be well advised to focus on the strengths and the core competencies of their employees. Employees themselves should also stay aware of what their strengths are. When they begin to play to their strengths, their work no longer becomes a dredge. They instead begin to perform a lot better because they are actually passionate about the job they are doing because it is aligned with their interest and core competencies. Work then becomes not just exponentially productive, but also a whole lot more fun again. When an organisation finds that crucial balance, there are no mountains that can’t be conquered. Just ask Leicester City. Jha is the founder and executive chairman of KFA Business School Becoming a great interviewer The in-person interview is the meat of the hiring process. It’s here where you’ll separate the contenders from the pretenders and come to your ultimate hiring decision. Here are some tips and suggestions to help you excel as an interviewer: First impression is everything This is a two-way street. Be on time, it’s simply polite. Be sure the area in which the interview takes place has a neat, professional appearance. Remember, the impression you make is just as important as the way in which you perceive the candidate. Do not take a bad day into the interview with you. Your attitude creates a perception, whether good or bad. Make arrangements not to be interrupted, this time is an investment in the future of your company. Be cordial, right from the beginning. If you really want to find out what a candidate has to offer, make the candidate feels welcome and the interview more conversational than strictly a question and answer session. Be cognisant of the job requirements This information comes from the list you compiled in the beginning of your search. Refer to it often during the interview process so you can continually direct the conversation toward the evaluation of these attributes. Make sure you take detailed notes of each candidate’s responses. These notes will help define one candidate from another in the final decision process. fully, evaluate how well the contenders stack up against your wish list, and pick your top three choices. Remember, just because you are enthusiastic about working with a candidate, doesn’t necessarily mean a candidate is enthusiastic about working with your company. Pick three winners, and try to close your number one choice first. If not successful, you still have two worthy candidates from which to choose. jobs site links https://www.merojob.com https://www.kantipurjob.com https://www.growthsellers.com https://www.globaljob.com.np https://www.realsolutions.com.np didate is a contender to fill the position, you need to “sell” the prospective employee on the job, your company and yourself as the future manager. Explain the challenges and rewards of accepting this new responsibility. Stress the positives of working for your company. Keep your options open Once the interview process is over, it’s time to review your notes care- Money isn’t everything A competitive compensation package will go a long way toward attracting and retaining good employees, but it’s not just money that will keep them bound to you. Compensation programs that reward employees for excellence, through recognition and growth, encourage continued achievement. Today’s executive wants to be involved, appreciated and challenged. The greater the opportunity to contribute and be rewarded for accomplishment, the higher morale and productivity will be.Benefits, like compensation, improve loyalty among employees. The ability of an employer to maintain a fluid benefit and compensation program, the more attractive a company becomes. Envision the future working relationship If a candidate can successfully provide proof of their ability to assume your open position, you still need to investigate their willingness to get the job done and their manageability once on the job. Explore personality and organisational traits to illustrate their approach to specific tasks. Probe past relationships with supervisors and subordinates. This portion of the interview can become uncomfortable, but it’s absolutely necessary to avoid potential trouble. Sell your company to contenders Just as you are trying to determine if a candidate is a good fit, so is the candidate trying to determine if you represent a good opportunity. Once you are convinced a canC M Y K variety Monday, August 8, 2016 thekathmandu post 10 TODAY’SHOROSCOPE ARIES (March 21-April 19) ***** Get a new adventure underway today, and you will show the universe that you are ready for action! It will reward you with interesting days. Move any upcoming travel plans into high gear and get your tickets reserved. u d TAURUS (April 20-May 20) *** Given the independent energy you’re filled with right now, it is not a good day for you to work in a team. You understand the value of alliances, but today you just won’t have the patience. GEMINI (May 21-June 21) ***** You are feeling less serious today, and in the mood for light conversation and silly stuff. It’s probably due to a huge surge in your creativity—you’re itching for a way to express yourself. CANCER (June 22-July 22) *** You are faced with a tough climb up a tall mountain, but you will love the view once you get to the top! You cannot let this challenge intimidate you and force you to go in another direction. LEO (July 23-August 22) *** Your urge to get closer to someone may be becoming so strong that it’s unbearable, but before you make any moves, you need to stop. Pay closer attention to the clues they are sending—they might not be quite ready to open up to you just yet. VIRGO (August 23-September 22) ****** Is your career your top focus right now? It should be. Right now, you are in a phase of rich clarity—you have the ability to fully understand the opportunities in front of you in a way you never could before. Yesterday’s Solution s o k u c r o WORD GAME GRAFFITI s s w o r d LIBRA (September 23-October 22) ***** If you are made a group leader today, your group is going to be very lucky! You’re smart as a whip and able to cut through the politics that inevitably happen whenever more than two people get together. SCORPIO (October 23-November 21) ***** This could be the day when all of your hard work will finally pay off! If your boss has been a big problem for you lately, you can say goodbye to any tensions quite soon. SAGITTARIUS (November 22-December 21) **** If you think that you need to start making some changes, then do it. You can’t wait for other people to give you permission. This is your life to lead. The kind of growth you experience and the types of changes you make are totally up to you. CAPRICORN (December 22-January 19) **** Your vision is going to be clear as a bell today, so it’s a great day to finally come to a decision on that issue you’ve been wringing your hands over for so long. You need to make a choice, then stick to it! DILBERT RIPLEY’S BELIEVE IT OR NOT AQUARIUS (January 20-February 18) **** If there’s a party going on and you’re not on the guest list, so what? This fact shouldn’t stop you from being a part of the good times. You have enough creativity and charm to be able to figure out a way to get on the list and in on the fun. PISCES (February 19-March 20) **** The past few days may have been dragging along too slowly for you, and the slower pace is sure to continue today. Try not to get frustrated, though. Time might feel like it’s moving slowly, but its okay. L A U G H O U T L O U D K A N T I P U R T V K A N T I P U R F M Q: If you were forced to go through one of the following doors, which door do you go through with 100 percent certainty you’d stay alive: a door with a man with a gun behind it, a door with a tiger who hasn’t eaten in seven years behind it, or a door with an electric chair behind it? A: The one with the tiger behind it, because if it hasn’t eaten in seven years it’s dead. nnn A completely inebriated man was stumbling down the street with one foot on the curb and one foot in the gutter. A cop pulled up and said, “I’ve got to take you in pal. You’re obviously drunk.” The wasted man asked, “Officer, are you absolutely sure I’m drunk?” “Yeah buddy, I’m sure,” said the cop, “Let’s go.” Breathing a sigh of relief, the wino said, “Thank goodness. I thought I was crippled.” 5:00Bhaktisur/ AmritBani 6:00 Jeevan Bigyan/ Jyotish Manthan 6:40 Sky Shop 7:00 Kantipur Samachar 8:00 Kantipur News 8:30 Rise N Shine 9:00 Headline News 9:05 Sajha Sawal 10:00 Kantipur Samachar 10:30 Market Updates 11:00 Headline News 11:05 Ukali Orali 11:30Feature 12:00 Kantipur Samachar 12:30 Score Board 1:00 Headline News 1:05 What The Flop 1:30 Kilo Tango Mike 2:00 Kantipur Samachar 2:30 Rise N Shine 3:00 Headline News 3:05SajhaSawal 4:00 Kantipur Samachar 4:30 New Entry 5:00 Headline News 5:05 Call Kantipur Reloaded 6:00 Kantipur News 6:30 Here I Come 7:00 Kantipur Samachar 7:30 Market Updates 8:00Kantipur Samachar 9:00 What The Flop 9:30Fireside 10:30 Kantipur News 11:00 Kantipur Samachar 11:30 Market Updates 12:00 Call Kantipur 1:00 Kantipur News 1:30 What The Flop 2:00 Kantipur Samachar 2:30 Here I Come 3:00 Kantipur Samchar 3:30Fireside 4:30 What The Flop 00:00 Non-Stop Hindi Songs 02:00 Non-Stop Nepali Pop/Adhunik Songs 04:00 Non-Stop Bhajan 05:00 Bhakti Anusthan 06:30 Kantipur Diary 07:00 The Headliners 07:30Surakchit Aawas 08:00 Kantipur Diary 08:05Jumpstart 09:00 Kantipur Diary 09:15 Traffic Update 09:30 All The Time Ten 10:00 Kantipur Diary 10:05Highway 11:00 Kantipur Diary 11:05 Manka Kura 12:00 Kantipur Diary 12:10 Malai Mann Parcha 13:00 Kantipur Diary 13:05 Ke Chha Nepal 14:00 Kantipur Diary 14:05 Ke Chha Nepal 15:00 Kantipur Diary 15:15 Lok Koseli 16:00 Kantipur Diary 16:05 My Best Friend 17:00 Kantipur Diary 17:05 Music Lounge 18:00 Sport World 18:30 Kantipur Diary 18:55Khoj 19:00 Love Songs @ 7 20:00 Kantipur Diary 20:05Recycled 21:00 Kantipur Diary 21:30Indreni 22:00Nocturnal 23:00 Bhaav Sambeg Savour the cardamom and saffron spice, slow-cooked kebabs and kormas at Indian restaurant serving Awadhi cuisine. contact: 427399, at Soaltee Crowne Plaza E V E N T O G R A P H S PEARLS BEFORE SWINE T R I P S GARFIELD SUCIDE SQUAD 3D QFX LABIM Mall: 9:00/11:30/12:00/15:00/ 18:00/19:15 QFX Kumari: 8:15/11:15/14:15/19:30 QFX Civil Mall: 9:00/12:15/15:30/18:45 F I L M S SUCIDE SQUAD QFX Jai Nepal: 15:15 QFX Civil Mall: 16:15 DISHOOM QFX Civil Mall: 12:15/15:15/18:30 QFX Jai Nepal: 12:00/18:15 QFX LABIM Mall: 13:30/16:30 QFX Kumari: 15:00 LIGHTS OUT QFX LABIM Mall: 11:15/14:45/19:30 QFX Kumari: 12:00/17:15 QFX Civil Mall: 14:15/19:15 SUNTALI LAI BHAGAI LAGYA JHILKELEY QFX Civil Mall: 11:15 QFX Kumari: 18:15 ICE AGE: COLLISION COURSE 3D QFX LABIM Mall: 16:45 Dip yourself at probably the best pool in the town at Park Village Resort. Rate: Rs. 1500 for adults & 1300 for children and includes french fries, free Wi-Fi & 20% discount on Food & Beverage. Contact: 9801033114 Weekends brunch @ Hyatt Regency—treat yourself with a lavish buffet lunch, splash by the swimming pool or laze around outdoor, Jacuzzi, all for just Rs 2300 plus taxes per person. Contact: 4491234 Sandwich and Crepes: Taste the sandwiches and crepes at The Lounge from 11 am to 6 pm everyday. For further details call Hyatt Regency at 4491234. Enjoy live DJ nights, on every Sunday chill out/ ambient, Wednesday tech/ funk house & Friday psy/ proggy/ full on from 6:00 pm to 10 pm at garden and 7:00 pm onwards at club at Funky Buddha Resturant & Bar, contact: 4700091 Krishnarpan—a specialty Nepali Restaurant at Dwarika’s, 6 courses to 22 courses Nepali meal served. Opening Time: 6 pm-11 pm. Prior reservations required, contact: 4479448 China Garden offers delectable dishes from across Asia, including Japanese, Korean, Vietnamese and Chinese. Timings: Lunch: 1230-1445 hrs, Dinner: 1900-2245 hrs, contact: 427399 at Soaltee Crowne Plaza Relax and Unwind this summer at Waterfront Resort, Sedi Height, Pokhara @ Rs. 6000 Nett per night on Bed & Breakfast basis. Contact: 9801133378 / 9849143552 We serve nothing but the finest Arabica coffees at great value prices at Barista Lavazza Coffee Restaurant, Lazimpat, Contact: 4005123/4005124 Rosemary Kitchen and Coffee shop, Thamel, opening hours: 7:00 am to 10:00 pm offers an International cuisine in reasonable prices. Contact 01-4267554 Enjoy snacks and drinks from 4:00 pm to 11:00 pm every day and nightly live music from “The Corner Band” except Tuesday and Saturday from 7 pm to 11:00 pm at Corner Bar, Radisson Hotel. Contact: 4411818 Set within the historic Garden of Dreams, the Kaiser Cafe Restaurant and Bar, Thamel, offers a continental menu and serves as an atmospheric venue for anything from a quiet coffee or intimate meal. Contact: 442534 Jasmine Fitness Club and Spa, Fully equipped gym and spa; Zumba, aerobics and cardio classes; therapeutic massage; beauty parlour and men’s salon. Tripureshwor; Contact: 4117120 The Italian restaurant serves authentic Italian cuisines in an elegant ambience for both lunch and dinner. Timings: Lunch: 1230-1445 hrs, Dinner: 1900-2245 hrs, Contact: 427399, at Soaltee Crowne Plaza Garden Terrace offers an authentic world cuisine, providing diners with the unique experience of observing their selected dishes being prepared by chefs. Contact: 427399 at Soaltee Crowne Plaza Mako’s offers traditional Japanese food served. Don’t miss out on Mako’s special Tempuras, and green tea ice cream, Time: 11: 30-14:30 & 19:00-22:00, contact: 4479448 Bourbon Room, Lal Durbar Marg is open for lunch from 12 noon. Enjoy affordable and delicious meals starting from Rs 99! We are currently offering Indian & chinese combos along with momos. Call: 4441703 Out-of-Africa Lunch amid rural splendor: Sat & Sun from 1130 to 1630 hours at The Watering Hole, Indrawati River Valley. For prior reservation contact: [email protected] Every Friday BBQ from 7:00 pm at Fusion Bar & Pool side at Dwarika’s Hotel with live band “Dinesh Rai and Sound of Mind”. Price Rs 1600/ includes BBQ dinner and a can of beer or a soft drink. Contact: 4479448 Trisara offers food and drinks along with good music and great times. Sunday- Live Music by Barbeque Night, Monday, Wednesdayby Positive vibes, Tuesday, Saturday-By Jyovan Bhuju, Friday-Live Music by Dexterous Ayurveda Health Home has been providing ayurvedic treatments/ massages, sirodhara & counseling for stress, detox & rehabilitation. Dhapasi, Kathmandu: 01-4358761, Lakeside Pokhara 061-463205 Every Friday evening enjoy Starry Night BBQ from 7 pm onwards at Shambala Garden Café at Hotel Shangri La with live musical performance by Ciney Gurung. Contact: 4412999 Kaiser Cafe Restaurant & Bar at The Garden of Dreams, opening time: 9 am till 9 pm, offers an international cafe menu serving breakfast, lunch, dinner, specialty tea’s, coffees and pastries, contact: 4425341 Manny’s Eatery and bar introduces a special lunch package that is affordable, tasty, nutritious and quick enough to fit your lunch break, Jawalakhel, Shaligram complex, 5536919 Enjoy a Barbecue Buffet at the Radisson Hotel, wide selection of mixed fresh grills and vegetables together with a choice of salads and a delicious dessert buffet at a rate of Rs. 1,350 plus taxes per person. Contact: 4411818 Make your weekend more exciting with family and friends with sumptuous Satey, Dimsums, Mangolian Barbecue and Pasta at The Cafe from 12:30 noon to 4:00 pm. Call: Hyatt Regency, at 4491234 Hotel Narayani Complex, Pulchowk, Lalitpur presents Shabnam & Cannabiz Band every Wednesday and Rashmi & Kitcha Band every Friday, 7:30 PM onwards @ Absolute bar P Ltd; Contact: 5521408 Enjoy Bubbly Brunch every Saturday from 11 am to 3 pm at Shambala Gardena and Club Sundhara. Contact: 4412999 Embers Bar, Pulchowk, in all its sophistication and glory is happy to announce Happy Hours every 6-7pm. It will be hosting a Barbeque night every Friday from 6:30-9:30pm The Toran, an ideal location for all day lounging and informal dining offers multi-cuisines. Contact: Dwarika’s Hotel, 4479488 Latin—Gypsy Jazz at The Corner Bar, Radisson Hotel, Kathmandu with Hari Maharjan feat Monsif Mzibiri, 7 pm onwards, Wednesdays & Fridays. Contact: 4411818 The most delightfully awesome chicken momos & yummy rich chocolate cake on this part of the planet @ Just Baked Bakery & Cafe, Battisputali, offering much more specialties at affordable price. Starry Night BBQ—every Friday Evening from 7:00 pm at Shambala Garden Café, Hotel, Shangri~La only @ Rs 1799 net per person and live performance by Ciney Gurung. Contact: 4412999 Revolution Cafe, AmritMarg, Thamel, away from busy crowed street, offers great music, fast wi-fi and wide menu with reasonable prices. Operation hours: 7 am to 10 pm, contact: 4433630 Learn cardio, gym, aerobics, zumba, spa, boxing, kick-boxing, b-boying, bollywood dance at Oyster Spa and Fitness Club, Sinamangal. Time: Sunday to Friday from 5 am to 8 pm. Contact: 4110554 Experience The Last Resort, the perfect place for family fun adventure and relaxation. Special packages for residents. Contact: 4700525/ 4701247 or mail us at [email protected] Asia World Travel Pvt Ltd presents fascinating luxury escapades to amazing destinations: Prague, Ladakh, Bangkok, Singapore, Kuala Lumpur, Mount Kailash and Panchpokhari in North East Nepal. Contact: 6222604 Jungle Safari Lodge, Sauraha Chitwan offers 2 Nights 3 Days package only for Rs 6500 per person. Suman 9851008399 Much needed getaway—1 night/2 day package @ Hyatt Regency. Enjoy luxury stay of a five star hotel for a couple with breakfast and access to spa facilities for just Rs 9999 plus taxes per person only. Contact: 4491234 Experience the Gyakok @ Shambala Garden, Hotel Shangri~la only @ Nrs.1700 Nett per person and Nrs.3000 Nett for couple. For more details and reservation: 4412999 Enjoy Gourmet Saturday Brunch with your family and friends at the Sunrise Restaurant , Hotel Yak & Yeti from 12-7 pm every Saturday. Contact: 4248999 Escape, relax and get in shape @ Hyatt Regency. Embark on a personal well-being at Club Oasis. Remember us for Tennis, sauna, Jacuzzi, swimming, fitness centre and Beauty Salon. Contact: 4491234 Yoga detox and Ayurveda treatments and retreats every day at Himalayan Peace & Wellness Centre, Park Village Hotel. Get 10% discount on all Ayurvedic treatments. Contact: 980106661 C M Y K sports kathmandu post the PG 11 sports digest Goalkeeping course kicks off KATHMANDU: The All Nepal Football Association (Anfa) under the auspices of the Fifa opened the first Fifa/MA Goalkeeping Course in Kathmandu on Sunday. In all, 27 coaches are taking part in the course scheduled to conclude on August 11. Fifa/AFC instructor Haroon Amur Al Bartamani of Oman is conducting the fiveday course. Anfa acting president Narendra Shrestha said such programme will help strengthen the technical manpower of the football governing body. (IANS) kathmandupost.ekantipur.com MONDAY,AUGUST8,2016 Sinclair reunited with Rodger Hamsik extends Napoli contract Scott Sinclair has been given a chance to revive his career by his mentor Brendan Rodgers after completing his transfer from Aston Villa to Celtic on Sunday. The 27-year-old winger—never capped by England at senior level but who played for the Great Britain side at the 2012 Olympics—has signed a four-year contract with the Scottish champions. Napoli have moved to quash speculation surrounding the future of Marek Hamsik by extending the Slovakia star’s contract by two seasons. The 29-year-old Hamsik, who has been at the Serie A side since 2007, starred for his country at Euro 2016 in France and had been linked to a host of Europe’s biggest names but now appears set to stay at Napoli. Age against Ibrahimovic: Wenger Arsenal manager Arsene Wenger said newly-signed Manchester United striker Zlatan Ibrahimovic is not certain to be a success in the Premier League because of the advancing age of the former Sweden captain. Ibrahimovic joined United after a glittering career with Ajax, Juventus, Inter, Barcelona, Milan and PSG. England win, take 2-1 lead Summary England (297 & 445-6 decl) beat Pakistan 400 & 201 (S Aslam 70, A Ali 38; J Anderson 2-31, S Broad 2-24, C Woakes 2-53) by 141 runs Schmeichel inks new Foxes’ deal LONDON: Leicester City goalkeeper Kasper Schmeichel has committed his future to the club by signing a new fiveyear contract, the Premier League champions announced on Saturday. Schmeichel, son of Manchester United and Denmark great Peter, kept 15 clean sheets last season and played every minute as Leicester pulled off a 5,000-1 upset by winning the Premier League. Capped 22 times by Denmark, Schmeichel joined Leicester from Leeds United in 2011 and has made 220 appearances for the club. (AFP) Man City sign forward Moreno LONDON: Teenage Colombian forward Marlos Moreno has joined Manchester City on a five-year contract, the Premier League side announced on Saturday. The 19-year-old arrives from his formative club Atletico Nacional and will spend the 2016-17 season on loan at Spanish side Deportivo La Coruna. He is reported to have cost City £4.75 million. Moreno has been capped seven times by Colombia and helped Atletico Nacional win this year’s Copa Libertadores. (AFP) Schalke new boy Coke injured BERLIN: Schalke’s new signing Coke is expected to miss the rest of 2016 after the Spanish rightback suffered suspected torn cruciate knee ligaments in a pre-season friendly. The Bundesliga club are waiting on an exact diagnosis to hear how long they will be without the Spanish defender, full name Jorge Andujar Moreno but known as Coke, who suffered the injury in Thursday’s 2-1 win over Bologna. (AFP) Szczesny eyes title with Roma n England’s James Anderson (right) celebrates with Joe Root after dismissing Pakistan’s Yasir Shah during the fifth day of their third Test match in Edgbaston on Sunday. Agence France-Presse BIRMINGHAM, Aug 7 England beat Pakistan by 141 runs in the third Test at Edgbaston on Sunday to go 2-1 up in the four-match series. Pakistan were bowled out for 201 after being set a target of 343 for victory when England captain Alastair Cook declared his side’s second innings on 445-6 early on Sunday’s fifth and final day. Earlier, Chris Woakes struck twice in quick succession on his Warwickshire home ground as Pakistan’s dramatic middle-order collapse left England on the brink of victory. At tea on the final day, england-pakistan 3rd test Pakistan were 148-7 after losing four wickets for just one run in 23 balls. Pakistan were 124-3 when their collapse started, with captain Misbahul-Haq (10) caught behind off Steven Finn to give the persevering fast bowler his first wicket of the series. Asad Paul Pogba set for record Man United transfer Agence France-Presse LONDON, Aug 7 France midfielder Paul Pogba’s world record transfer to Manchester United from Italian champions Juventus is poised to go ahead subject to him passing a medical, the clubs confirmed on Sunday. The long-running saga suddenly took a huge step forward when Juventus announced they had granted permission for the 23-year-old to undergo the medical at a club he left four years ago for a pittance. The move is also subject to Pogba agreeing his personal terms with the club. “Yes, Pogba has been authorised to undergo a medical in Manchester,” a Juventus spokesman said. United confirmed the news with a short statement on their club website. “Pogba has been granted permission to n Paul Pogba have a medical in order to finalise his transfer from Juventus to Manchester United,” it read. United manager Jose Mourinho is on the verge of securing the fourth of his four transfer targets in the close season. Pogba, who was part of the France side that lost to Portugal in the Euro 2016 final last month, tweeted rather enigmatically: “When too many people talk nobody understands—talk very soon”. Early signs that a deal was imminent came when Pogba didn’t travel with the Juventus squad to London for a 3-2 friendly win against West Ham United on Sunday. Media reports said the French international had already arrived in Manchester. The fee for the transfer is expected to exceed £100 million ($130.4 million) for a player who was able to leave United for just £800,000 in 2012 and of whom United icon Alex Ferguson, then the manager, said at the time had shown no respect to the club. Pogba, who enjoyed a successful time at Juventus winning four Serie A titles and reaching the 2015 Champions League final, has been courted by United for quite some time although it is really only in this close season they have persisted. Shafiq then completed a pair when he was plumb leg before to allrounder Woakes for a four-ball duck. The paceman then made it two for none in six balls when Sarfraz Ahmed was also out for nought as he edged straight to Joe Root at second slip. Reuters Sami Aslam, playing his first Test of the series, had again batted superbly for 70 following the opener’s first-innings 82. But a rare misjudgement by the 20-year-old left-hander saw him bowled by Finn as he deliberately left the ball. It was the end of a more than three-and-a-half-hour innings, with Aslam facing KLAGENFURT (Austria) Aug 7 n PSG’s Hatem Ben Arfa (left) and Lyon’s Maxime Gonalons vie during their French Supercup match in Klagenfurt, Austria on Saturday. AFP/RSS New signing Hatem Ben Arfa was among the scorers as Paris Saint-Germain (PSG) romped to a one-sided 4-1 win over Lyon in the Champions Trophy, the traditional French season-opener, on Saturday. Javier Pastore, Lucas Moura and Layvin Kurzawa got the other goals before Corentin Tolisso grabbed a consolation as the French champions won the trophy for the fourth year running and gave new coach Unai Emery some early silverware. What Spaniard Emery, who arrived in Paris fresh from winning three consecutive Europa League titles with Sevilla, will make of this early success remains to be seen, however. Lyon, last season’s Ligue 1 runners-up who also lost to Reuters Rome, Aug 7 AS Roma’s on-loan goalkeeper Wojciech Szczesny is determined to end the club’s long wait for the Serie A title this season. Szczesny spent last season on loan at Roma from Arsenal and has returned to Italy for another temporary spell at the club having been deemed surplus to requirements at the Emirates Stadium. Having helped Roma to a third-place finish last term, Szczesny believes Luciano Spalletti’s side can challenge for their first title since 2001. “I want to win the Scudetto, that’s the only objective I have,” the Poland international told Roma TV on Saturday. Champions Juventus finished 11 points ahead of Roma last season to clinch their fifth straight Serie A title. The Turin club have also signed influential playmaker Miralem Pjanic from their rivals in the close season. “I don’t want to think about the favourites,” Szczesny added. “On paper (Juve) probably are, but we showed in the second half of the season that we can play at a very good level for a long period of time. I think if we continue that we have a real chance.” n West Ham United midfielder Josh Cullen (right) and Juventus defender Dani Alves vie for the ball during the pre-season friendly match at the London Stadium on Sunday. Juventus win 3-2. french supercup The French league have used this game to promote their competition in recent seasons, staging it in Canada, the United States, China and in Africa PSG in the Champions Trophy 12 months ago, did not turn up for the first hour at least and the match was played out in a surreal atmosphere in a largely empty stadium in Klagenfurt. “It was a good result for us but there us still a lot of tactical work to do and Ligue 1 will be difficult,” said Emery, whose side begin their title defence away at Bastia next Friday. The French league have used this game to promote their competition in recent seasons, staging it in Canada, the United States, China and in Africa. In Austria, the occa- n Wojciech Szczesny pre-season friendly PSG give new coach Emery early silverware Agence France-Presse 167 balls including 11 fours. Finn had now taken two for none in 11 balls and tea was put back by 15 minutes to see if England could wrap up the game. But instead they had to content themselves with a session where they took six wickets for 79 runs. Pakistan’s chase got off to a stuttering start as Mohammad Hafeez (two) fell cheaply for the second time in the match before first-innings stars Aslam and Azhar Ali repaired the damage with a stand of 73. But Moeen Ali, who earlier on Sunday had made a quickfire 86 not out in a total of 445-6 declared, accounted for Azhar on 38 when the off-spinner had him edging to England captain Alastair Cook at second slip. Cook decided against declaring before the start of Sunday’s play even though, at 414-5, England already led by 311 runs. Jonny Bairstow was 82 not out and Ali 60 not out after they had taken the match away from Pakistan on Saturday. Birmingham-born Ali, who grew up near Edgbaston, struck 19 runs in the first over of Sunday’s play from Yasir Shah, including two successive sixes. Bairstow had added just one run to his overnight score when he was leg before wicket to Sohail Khan on review. Ali was 86 not out, off just 96 balls including 10 fours and two sixes when Cook declared just four overs into Sunday’s play. The fourth Test at The Oval starts on Thursday. sion could hardly have been met with greater indifference by the locals and vast swathes of the 32,000-seat Woerthersee Stadion remained empty. The departure of Zlatan Ibrahimovic after four glorious seasons in Paris has taken some of the star quality away from the champions but they began a new era by racing into a three-goal interval lead. Pastore superbly converted a Kurzawa cross for the opener and the Argentine then squared for Lucas to bundle in the second under pressure from Jeremy Morel. Angel Di Maria hit the bar with a delightful chip before setting up Ben Arfa, the former Lyon player taking a touch and lashing in his first goal since signing from Nice. Ben Arfa was the only new face in the starting lineup named by Emery, himself a new arrival after the sacking of Laurent Blanc. Pastore set up Kurzawa for the fourth goal nine minutes into the second half with the Lyon defence all at sea and at that point it looked like PSG could go on to thoroughly embarrass their rivals. But goalkeeper Kevin Trapp was finally forced into a save from Maxwel Cornet just before the hour and midfielder Tolisso grabbed a consolation goal with three minutes remaining when he headed home a Christophe Jallet cross. Lyon kick off their campaign at Nancy next Sunday. AFP/RSS zimbabwe-new zealand test Hosts Zimbabwe fight for pride Agence France-Presse BULAWAYO, Aug 7 Zimbabwe’s top order finally showed some backbone but the hosts were nevertheless facing an uphill battle in the second Test after New Zealand posted an enormous total on day two at Queens Sports Club. After spending the better part of two days in the field as New Zealand racked up 582-4 declared, Zimbabwe responded with a dogged stand openers Tino between Mawoyo and Chamu Chibhabha to go to stumps on 55 without loss. It was a much improved start for the hosts, who slumped to 36-4 and 17-4 during an innings defeat in the first Test. Chibhabha was unbeaten on 31 at the close of play, while Mawoyo was 20 not out in his first Test innings in almost three years. New Zealand’s total was built on a trio of centuries, with Tom Latham scoring 136 on the opening day, and Kane Williamson making 113 before Ross Taylor finished unbeaten on 124. BJ Watling was 83 not out when New Zealand decided to declare during the tea interval. Summary Zimbabwe 55-0 (C Chibhabha 31, T Mawoyo 20) trail New Zealand 582-4 decl (T Latham 136, R Taylor 124, K Williamson 113; M Chinouya 1-64) by 527 runs at stumps on second day C M Y K sports Monday, August 8, 2016 (C.R.P.D.) - 3/052/053 thekathmandu post 12 Golden start for Australia n 3 world records tumble on first day in pool n Gold medals for Australia’s Horton, women’s relay team n Hungary’s Hosszu ends long Olympic drought n Hagino hands Japan first gold of swimming meet Results Men’s 400m freestyle 1. Mack Horton (AUS) 3min 41.55sec 2.Sun Yang (CHN) 3:41.68 3.Gabriele Detti (ITA) 3:43.49 Men’s 400m IM 1. Kosuke Hagino (JPN) 4:06.05. 2. Chase Kalisz (USA) 4:06.75 3. Daiya Seto (JPN) 4:09.71 Women’s 400m IM 1. Katinka Hosszu (HUN) 4:26.36 (WR) 2.Madeline Dirado (USA) 4:31.15 3.Mireia Belmonte Garcia (ESP) 4:32.39 Women’s 4x100m freestyle relay 1. Australia 3:30.65 (WR) (Mckeon, Elmslie, Campbell, Campbell) 2.United States 3:31.89 (Manuel, Weitzeil, Vollmer, Ledecky) 3.Canada 3:32.89 (Mainville, Van Landeghem, Ruck, Oleksiak) n Hungary’s Katinka Hosszu competes on her way to break the world record in the women’s 400m Individual Medley final during the swimming event at the Rio Olympic Games at the Olympic Aquatics Stadium in Rio de Janeiro on Saturday. Agence France-Presse RIO DE JANEIRO, Aug 7 Hungary’s Katinka Hosszu ended her long wait for Olympic victory and Australia captured two gold medals in an exhilarating first day of swimming competition that saw three world records smashed in Rio on Saturday. Hosszu, five times a world champion but without a medal from three previous Olympics, demolished the world record by 2.07 seconds in the final of the women’s 400 metres individual medley. Australia’s women retained their Olympic title by winning the 4x100m freestyle relay in world record time, with sisters Bronte and Cate Campbell swimming the last two stages to overhaul the United States, despite the efforts of Katie Ledecky on the anchor leg. Mack Horton’s victory in the men’s 400 freestyle also meant Australia had already doubled their gold medal tally from a disappointing Venus crashes out Agence France-Presse AFP/RSS showing four years ago. The day’s record spree began with Britain’s Adam Peaty, who broke his own world mark of 57.92 in the heats of the 100 breaststroke when he clocked 57.55. Tipped to become the first British man to win an Olympic gold since 1988, he then swam 57.62 in the semi-finals. In the first of four evening finals, Japan’s Kosuke Hagino clinched the men’s 400m individual medley, the gruelling discipline that combines butterfly, backstroke, breaststroke and freestyle. Hagino, the bronze medallist in 2012, won with a time of four minutes, 6.05 seconds to end a US stranglehold on the event dating back to 1996. Chase Kalisz of the United States, who had been fastest in the heats, finished second and Japan’s Daiya Seto took the bronze. In the men’s 400 freestyle, Australia’s Horton edged out defending champion Sun Yang of China and Italy’s Gabriele Detti, pulling ahead in the final quarter after shadowing Britain’s James Guy and Conor Dwyer of the US for much of the race. Hosszu then grabbed the spotlight with a stunning victory in the 400 individual medley. Having suffered a nightmare Olympics in London, where she started as a hot medal prospect but came away empty-handed, she led from start to finish and stormed down the final length with the crowd roaring her on to the record. “It’s just crazy that I’ve been able to swim two seconds faster than anyone ever, ever did. It’s just crazy,” said the Hungarian, who will also contest the 200 IM, 200m butterfly and 100m and 200m backstroke. In the women’s relay, the Australians led off with Emma McKeon while Brittany Elmslie swam the second leg before Bronte Campbell overhauled the Americans and handed over to sister Cate, who touched in three minutes, 30.65 seconds, beating the previous world record of 3:30.98 they set in Glasgow in 2014. “Definitely my favourite race ever,” said Cate Campbell. RIO DE JANEIRO, Aug 7 Four-time gold medallist Venus Williams, suffering with a virus, slumped to her first ever opening round loss at an Olympic Games on Saturday, joining jet-lagged Agnieszka Radwanska at the exit door. American fifth seed Williams, the singles champion in 2000 and, at 36, the oldest woman in the draw, lost to Belgium’s Kirsten Flipkens 4-6, 6-3, 7-6 (7/5) in a threehour centre court marathon. Williams, who has also captured three doubles golds with sister Serena, had her opportunities, leading 3-1 in the second set and 4-1 in the decider. But despite the encouragement of watching US Secretary of State John Kerry, she ran out of steam at the crucial moments, noisily coughing throughout the closing exchanges. Williams will also play in teh doubles with sister Serena. Flipkens was just two points away from defeat in the ninth game of the decider and rated her win as “in the n Venus Williams top two” of her career after her victory over Petra Kvitova at Wimbledon in 2013. “To beat Venus, one of the biggest champions, gives me goosebumps,” said the 30-year-old, playing in her first Olympics. Fourth seeded Radwanska was also a high-profile casualty, slumping to a 6-4, 7-5 loss against China’s Zheng Saisai. The Pole only arrived in Rio on Wednesday night after having to fly from Montreal, where she competed last week, to New York to Lisbon and then to Rio. In all, she was on the move for 55 hours and covered around 14,000 kilometres. Agence France-Presse HANOI, Aug 7 Vietnamese rejoiced on Sunday after their country won its first ever Olympic gold, a victory made all the more sweeter by the fact that regional rival China was beaten along the way. Hoang Xuan Vinh, a 41-year-old a serving army colonel who first learned to shoot with AK47 rifles, made history in Rio overnight when a near-perfect final shot in the men’s 10-metre air pistol clinched him gold. Vietnamese state media reported that the shooter would receive $100,000 from the state on his return—a handsome sum in a country where the average annual income is around $2,100. Vinh’s victory shunted Brazil’s Felipe Almeida Wu and China’s Pang Wei into second and third respectively, something that was seized on by jubilant Vietnamese. “So proud! But the greatest happiness was that we won over China,” Nguyen Duyen, a Cao Ky Vietnamese music show host based in the US but popular in her homeland, wrote on Facebook. “Vietnamese sport has begun a new chapter,” added Facebook user Nguyen Dat. Vietnam has shared an intense rivalry with its giant northern neighbour for centuries—an animosity that has been stoked in recent years by competing claims in the South China Sea. Beijing lays claim to virtually all of the strategic waters, putting it at odds with regional neighbours the Philippines, Vietnam, Malaysia, Brunei and Taiwan, which also have partial claims. Vietnam’s state media said Hoang Xuan Vinh learned how to shoot in the communist country’s military which he joined in 1991, initially practising on AK47 rifles. “This victory came from the courageous spirit and the utmost determination of the athlete, his coaches and from key investment ahead of the 2016 Olympics,” Minister of Sports Nguyen Ngoc Thien said. n Hoang Xuan Vinh of Vietnem with his gold medal in the men’s 10-metre air pistol event on Saturday. AP USA, Brazil enter football quarter-finals Agence France-Presse RIO DE JANEIRO, Aug 7 Vietnam rejoices at first ever gold United States kept their quest for fourth straight women’s football gold firmly on track when captain Carli Lloyd ensured a 1-0 victory over France to qualify for the quarter-finals. Brazil are also into the last eight as, inspired by a near 60,000 capacity crowd at the Rio Olympic Stadium and two goals from five-time world player of the year Marta, they thrashed Sweden 5-1. The United States are now unbeaten in 13 Olympic matches and, a year on from scoring a hat-trick in the World Cup final, Lloyd has once again been the United States’ inspiration in Brazil. After netting the US opener in a 2-0 win against New Zealand on Wednesday, she slotted home the only goal in Belo Horizonte after Tobin Heath’s initial effort came back off the post. The US team are assured of their place in the knockout rounds as at least one of the two best third-placed sides, but can n Marta of Brazil in action against Sweden during their women’ football Group ‘E’ match at the Olympic Stadium in Rio de Janeiro on Saturday. secure top spot in Group ‘H’ with just a point against Colombia on Tuesday. France had impressed in thrashing Colombia 4-0 in REUTERS their opening game and had the better of the first 45 minutes. However, American goalkeeper Hope Solo made a huge save to deny Marie Laure Delie on her 200th international appearance. The world champions improved after the break and were rewarded when Lloyd was characteristically in the right place at the right time to score her 90th international goal. New Zealand beat Colombia 1-0 in the other game in the Group to move level with France on three points. In contrast to their male counterparts, who stumbled 0-0 against South Africa under the pressure to deliver Brazil’s first Olympic football gold, the hosts’ women have been the most impressive side in the tournament. “Initially the pressure was all about performing well and promoting women’s football,” said Brazil coach Vadao. “Now we have played so well the pressure changes because people’s expectations rise, so we will face a different pressure now.” Fresh from brushing off China 3-0 in their opening game, Brazil tore Sweden apart to go in 3-0 up at the break. Beatriz nipped in ahead of Sweden goalkeeper Hadvig Lindahl for the opener, before Cristiane extended her record as all-time top scorer in the Olympics with her 14th goal in her fourth Games. Marta played against the country where she has played club football for the past four years, just 24 hours after carrying the Olympic flag into the Maracana during the opening ceremony. However, she looked far from jaded as she converted Brazil’s third from the penalty spot before doubling her tally with a fantastic finish 10 minutes from time. Beatriz curled home her second six minutes later before Lotta Schelin netted a consolation goal for Sweden. Tan Ruyin scored with a sensational dipping drive from over 40 yards out as China moved into second in Group ‘E’ with a 2-0 win over South Africa. Canada are also through to the knockout stages after sealing their second win in as many games against tournament debutants Zimbabwe 3-1 in Sao Paulo. Two-time world champions Germany came back from 2-0 down against Australia to move into second in Group ‘F’. Mane sparkles as Liverpool crush Barca Agence France-Presse LONDON, Aug 7 n Barcelona’s Arda Turan and Liverpool’s Sadio Mane (right) in action during their International Champions Cup football match in London on Saturday. AP New signing Sadio Mane scored one goal and made another as Liverpool slickly defeated Barcelona 4-0 in a one-sided friendly match at a sun-soaked Wembley on Saturday. A £34 million capture from Southampton, Mane struck a 15th-minute opener and then supplied the cross from which ex-Liverpool player Javier Mascherano scored an own goal. Divock Origi added a third seconds later and substitute Marko Grujic chipped in with a stoppage-time header as Jurgen Klopp’s side registered their sixth win in eight pre-season games. “I’m happy with the result and with a lot of the game,” said Klopp, who lost James Milner to a first-half heel injury. “I don’t want to over-es- international champions cup The glamour game drew 89,845 spectators to the Wembley—the stadium’s second-highest attendance timate this game, but it’s still good. We didn’t think that we were lower than Barcelona before the game and we don’t think that we’re higher than them after the game.” Liverpool were playing Mainz, one of Klopp’s former clubs, in a friendly in Germany on Sunday before tackling Arsenal in their Premier League opener next weekend. Barcelona’s defeat meant that Paris SaintGermain (PSG) won the International Champions Cup friendly tournament for the second year running. Barca coach Luis Enrique was missing Neymar, who is on duty with hosts Brazil at the Olympics, but fielded both former Liverpool striker Luis Suarez and Lionel Messi, who hit the post in the first half. Barca play Sampdoria at the Nou Camp in their final pre-season friendly on Wednesday and face Sevilla in the first leg of the Spanish Super Cup on August 14. “From the beginning we saw two teams with completely different rhythms,” said Luis Enrique. “It was definitely not our best day. But there’s enough days for us to prepare and there’s no doubt we’ll be competitive.” The glamour game drew 89,845 spectators to Wembley—the stadium’s sec- ond-highest attendance—and it was Reds fans, comfortably in the majority, who went home with smiles on their faces. With seven friendly matches behind them to Barcelona’s two, Liverpool were the sharper team and they took the lead with a slick goal. After winning possession on halfway, Adam Lallana surged forward and exchanged passes with Roberto Firmino before teeing up Mane, whose shot beat goalkeeper Marc-Andre ter Stegen. Liverpool had to weather a succession of Barca chances before half-time. Suarez, facing his former club for the first time, teed up Messi to roll a shot against the right-hand post, while Liverpool goalkeeper Simon Mignolet saved from Arda Turan and Suarez. Milner, who announced his England retirement on Friday, was again deployed at left-back for Liverpool, but had to give way to Alberto Moreno before halftime. Klopp said he would undergo a scan on Sunday. Within three minutes of kickoff in the second half, the game was as good as over. In the 47th minute, Origi’s flick released Mane and his low cross from the right was bundled into the net by Mascherano. Barely a minute later, Kevin Stewart caught Jeremy Mathieu dawdling on the ball and freed fellow half-time substitute Origi, who coolly beat Barcelona replacement goalkeeper Claudio Bravo. Grujic, signed from Red Star Belgrade in January, put the cherry on the cake in added time, meeting fellow Serbian Lazar Markovic’s scooped pass with a fine header that looped over Bravo. Published and Printed by Kantipur Publications Pvt. Ltd., Central Business Park, Thapathali, Kathmandu, Nepal, P. B. No. 8559, Phone: 5135000, Fax: 977-1-5135057, e-mail: [email protected], Regd. No. 32/048/049, Chairman & Managing Director : Kailash Sirohiya, Director : Swastika Sirohiya, Editor-in-Chief : Akhilesh Upadhyay money kathmandupost the INR 66.832074.0900 0.6564 87.3490 68.5730 50.7456 50.9130 GBP0.7651 0.848 0.0075 JPY 101.8000112.8600 EUR0.9020 USD Workshop on flower arrangement begins Zonta Club of Kathmandu, Nepal chapter of the Zonta International Club, launched a workshop on flower arrangement in the Capital on Sunday. Pg: II POST REPORT KATHMANDU, AUG 7 Nepal Telecom (NT) subscribers faced difficulties in topping up their mobile phones on Saturday and Sunday as the company’s plan to introduce a new billing system encountered problems during a test. The state-run telecom company said in a statement the problem was resolved from 3:00 pm onwards Sunday. As per Nepal Telecommunications Authority, NT has 12.25 million subscribers as of mid-March 2016. NT’s Joint Spokesperson Dilli Ram Adhikari said the problem arose during the process of upgrading the voucher management system. “As the system encountered problem during the test, we tried to roll back to the original system, but it took some time,” he said. “Such problem used to be solved within half an hour in the past, but unfortunately, it took quite a long time this time.” NT started testing the new system early in the morning on Saturday. “The improved software was expected to upgrade the system of the post-paid service into real time billing,” said Adhikari. “Many other features would have also been added.” The system was supplied by Asiainfo, an information technology solution company. NT now plans to conduct another test within a week after identifying and addressing the problems encountered during the first test. 133.3333 103.7600 77.2900 77.5500 1.5235 0.0951 0.0089 1.1792 0.9189 0.6846 0.6869 0.0135 0.0084 1.1086 0.0098 1.3070 1.0281 0.7595 0.7618 0.0150 0.0093 Pound Sterling 141.72 Japanese Yen 109.35 Chinese Yuan 80.57 Qatari Riyal 29.42 Australian Dollar 81.65 Malaysian Ringit 26.60 Saudi Arab Riyal 28.57 Exchange rates fixed by Nepal Rastra Bank Page III The Indian government’s targeting of inflation at four percent with a range of plus/minus two percent is a “credit positive” measure that will help macroeconomic stability, Moody’s Investors Service said on Sunday. PRATAB BISTA Technical glitch disrupts NT service 0.6244 0.7802 0.5807 0.5826 0.0114 0.0071 The chart shows the rates of nine world currencies. Move across the table to find rates of exchange between any two currencies. One unit of the currency mentioned vertically is worth that amount in the currency mentioned horizontally. Unilever workers end 28-day strike Coca-Cola sales halted HETAUDA, AUG 7 Workers at Unilever Nepal’s Hetauda factory ended their 28-day strike on Sunday after reaching a three-point agreement with the management. The workers had been staging protests since July 10, demanding allocation of Rs200,000 as a “residential fund”. The workers said they were forced to intensify their agitation after the management refused to implement an agreement reached on May 29 over the “residential fund”. After the factory started to incur losses due to the disruption, the management itself had locked the factory 17 days ago. “The workers and the management have agreed to implement the past agreement,” said Janga Bahadur Bishwokarma, a worker. “We were forced to agitate after the management did not implement its past agreement.” A meeting held at the District Administration Office on Sunday between the workers, management, labour office and local political leaders decided to settle the issue through the factory’s labour relation office after necessary discussion. The management has also decided to reopen the factory issuing a notice. However, the plant is expected to resume its normal operation only after the meeting of its board of directors scheduled to be held in Mumbai, India on Thursday. A senior company official said it will take some time for the factory to resume normal operation. “The fac- 107.68 Euro118.79 How to read the table Monday,August 8, 2016 (24-04-2073) kathmandupost.ekantipur.com Inside US Dollar USDEUR JPY GBP CHF CAD AUD INR NR NR 107.1400118.800010.5200 140.0600 109.2500 81.3600 81.6500 1.6015 finance&economy India inflation target is ‘credit positive’ F ORE X cross currency tory was closed at the orders from the headquarters and it is awaiting another order to resume,” said the official. Hetauda Labour Office chief Shyam Shrestha said the workers and the management have reached a three-point agreement. “The issue has been settled and the factory will resume within a few days,” he said. Bishwokarma said the management has also agreed to reinstate seven workers who were suspended by the management last Tuesday on the charge of disrupting supplies. According to a factory source, a one-day strike results in losses worth Rs5 million. Unilever Nepal is multinational company dealing in fast moving consumer goods. The factory, established in 1993, employs 208 workers. Last fiscal year, its transactions stood at Rs4.87 billion and earned a net profit of Rs900 million. DHARAN: The Beverage Distribution Society has halted sales of Coca-Cola for the past week. Fifty-one key distributors from Hetauda to Mechi have stopped the sales putting forth a four-point demand. The society’s demands include stopping the appointment of new dealers, providing salaries and perks to pre-sellers, revision of the commission margin to dealers and settlement of the collateral money issue within a week. Kausal Kishore Sah, treasurer of the society, said they halted the sales after Bottlers Nepal (Tarai) Limited, the producer of Coca-Cola, started to appoint new dealers neglecting the old ones. In Dharan, Coca-Cola had three dealers, but it recently added a new one. Prakash Khadka, area sales manager of Coca-Cola, said they have not dismissed any dealers. “As most of the dealers have minimum investment, they have been allocated the areas as per their investment,” he said. Bottlers Nepal (Tarai) Limited, the producer of CocaCola, has been incurring losses of Rs60 million daily after the sales disruption, said sources. (PR) All systems go for farm modernisation project POST REPORT KATHMANDU, AUG 7 New initiative to avoid duplication All the procedures for implementing the Rs130-billion Prime Minister Agriculture Modernisation Project, which envisages adopting modern farm techniques to boost productivity, have been completed, the Ministry of Agricultural Development said. In the first year of the 10-year scheme, the ministry plans to spend Rs5.78 billion to adopt modern farming practices. It said that the completed working guidelines for implementing the project and other documents had been submitted to the Finance Ministry for its approval. “After the Finance Ministry gives the go-ahead, the plan will be tabled at the Cabinet for its final okay,” said Shankar Sapkota, assistant spokesperson for the Agriculture Ministry. “We are planning to implement the project officially by mid-September.” The plan envisages making the country self-reliant in farm products by promoting mechanization, technology and proper and efficient use of seeds and fertilizer to increase productivity. As per the plan, the government will create 2,100 pocket areas of 10 hectares each, 150 blocks of 100 hectares each, 30 zones of 500 hectares each and seven super zones of 1,000 hectares each. Under the super KATHMANDU: The Ministry of Agricultural Development is introducing Integrated Subsidy Modalities to avoid duplication of the scheme. Ministry officials said that the objective was also to prevent bogus farmers from receiving subsidies. zones, Jhapa will be promoted for paddy, Bara for fish, Kaski for ve g etables, Kavrepalanchok for potato, Dang for maize, Jumla for apple and Kailali for wheat. “The government will implement the project under a private-cooperative-g roup partnership model,” said Sapkota. The government has aimed to achieve self-sufficiency in wheat and vegetables by this fiscal year, and in paddy and potato in two years. The government has targeted becoming self-sufficient in maize and fish by three years, and in fruits like bananas, papaya and litchi by four years. By the end of the project, the plan envisages becoming self-sufficient in fruits like kiwi, apple and orange. The pocket areas will get subsidies on fertilisers and irrigation besides technical support. Easy availability of seeds and saplings will be ensured. Farmers in the blocks, zones and super zones The modality will define the amount of the subsidy, areas and targeted people. Likewise, it will also allow the government to make donor-funded projects more transparent amid criticism of growing duplication in the farm sector, ministry officials said. will receive additional benefits including an 85 percent subsidy on the construction of agro production collection centres, warehouses, haat bazaars and processing and training centres. Those involved in commercial farming in the blocks will get a 50 percent grant to purchase equipment. The government has also announced that services will be provided through 15 mobile laboratories in the specialised agriculture production areas. According to the statistics of the Department of Customs, Nepal imported agro products worth Rs150 billion in the last fiscal year, setting off concern that the agrarian country’s dependence on imported farm products was ballooning out of control. The jump in shipments has pushed agro commodities to the top of the list of imports, knocking petroleum products from the number one spot. harvest time n Farmers pick up tea leaves in Songyan Township of Yuqing County in Zunyi City, southwest China’s Guizhou Province, on Sunday. Xinhua Police raid four shops for selling counterfeit goods PRITHVI MAN SHRESTHA KATHMANDU, AUG 7 The police raided four shops in Kathmandu on July 21 at the request of the Department of Industry (DoI) following a complaint by Indian consumer goods company Hindustan Unilever that they had been selling counterfeit products bearing its brand names. Hindustan Unilever had registered a case on July 6 with the DoI against the shops charging them with selling fake Lakme, Dove, Nivea and other products. Hindustan Unilever is the parent company of Unilever Nepal. The police swooped on Pawan Emporium, Roshani International and Nikita Impex at Makhan, and Anjaliwala Impex on New Road, in the heart of the capital’s business district and confiscated some goods which they handed over to the DoI. “We are currently investigating the case. We will try to reach the real manufacturers of the alleged fake goods,” said Maheshwor Neupane, director general of the DoI. Violation of intellectual property rights of Indian Hindustan Unilever had registered a case on July 6 with the DoI against the shops charging them with selling fake Lakme, Dove, Nivea and other products companies in Nepal is one of the issues that the Indian government frequently raises during trade negotiations between the two countries. When Nepali and Indian commerce secretaries met in New Delhi for an InterGovernmental Committee (IGC) meeting last June, the Indian side had complained at the registration of a company named Havells Nepal in Nepal as there was already an Indian company named Havells Group. The Nepali company, whose original name was Delta Cable and Pipe Industries, had also misled customers by printing ‘in technical cooperation with India’ on its products which is factually incorrect, India claimed. The products made by the said Nepali company are substandard, and the Indian company has initiated legal action, according to the minutes of the IGC discussion. Nepali officials said that Indian companies register their trademarks in Nepal only after Nepali companies have registered similar brand names. “This creates problems because trademarks are registered in Nepal on a first come, first served basis,” said Neupane. According to him, Nepali law does not have a specific provision prohibiting the registration of any brand if it has not been registered. “However, we have been proactive in discouraging such tendencies if the brand names are well known and easily recognizable,” said Neupane. Nepal’s business community does not see trademark violations as a widespread problem in Nepal. Umesh Lal Shrestha, chairperson of the Industry Committee of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), said that there were no big problems related to trademark infringement compared to copyright violations. He added that foreign companies were having problems with trademark infringement in Nepal because of their failure to register their brands here promptly. “If they don’t register their trademark hers, it does not stop Nepalis from registering certain brands before they enter Nepal,” he said. Meanwhile, trademark related disputes are arising among domestic manufacturers too. Recently, Swastik Oil Industry filed a case against Annapurna Vegetable Oil for trademark infringement. According to the DoI, the highest number of cases are related to gutka and tobacco products. Likewise, a large number of trademark infringement cases involve liquor factories. Asian Distillery, Sumy, Highland Distillery and Bijaya Distillery have filed cases against various firms claiming infringement of their trademarks. According to the DoI, it received 230 new cases related to trademark infringement in the fiscal year 2015-16. There were 595 trademark violation cases pending at the DoI as of the last fiscal year. C M Y K news digest Evergrande buys into Vanke HONG KONG: China’s Evergrande Real Estate has bought a stake worth more than $1 billion in the nation’s biggest property company Vanke— the latest development in an ongoing tussle over control of the firm. Bosses of Vanke, China’s largest residential developer by sales, have for months been trying to stave off what would be the country’s first hostile blue-chip takeover, after a private conglomerate purchased a more than 20 percent stake. Evergrande announced it had paid 9.11 billion yuan ($1.37 billion) for 4.68 percent of Vanke shares in a statement filed to the Hong Kong stock exchange Thursday. “Vanke is one of the largest property developers in China with strong results. The acquisition is an investment of the group,” it said. Vanke confirmed the deal on Friday in a statement to the Shenzhen exchange. (AFP) Allianz confident on profit targets BERLIN: German insurance giant Allianz expressed confidence Friday it would meet its full-year targets despite falling second-quarter profits, largely due to the costs of natural disasters and disposing of its South Korean operations. Net profits in April through June slumped by 46 percent compared with the second quarter last year to 1.1 billion euros, driven down by a one-off 352-million-euro charge for ending its activities in South Korea as well as the costs of claims due to natural disasters and bad weather. Ongoing turbulence in the global economy saw revenues slide by 2.5 percent to 29.4 billion euros and operating profit dropped 17.2 percent to 2.4 billion euros. “The second quarter in particular was shaped by markedly higher damages from heavy floods and storms in Europe this spring,” said chief executive Oliver Baete in a statement. (AFP) money economy Monday, August 8, 2016 | thekathmandupost Workshop on flower arrangement begins POST REPORT Zonta Club of Kathmandu, Nepal chapter of the Zonta International Club, launched a flower-arranging workshop in the Capital on Sunday. The three-day workshop, being organised in collaboration with the Federation of Entrepreneurs Woman Association of Nepal and Nepal-Thailand Friendship Cooperation Society, is expected to help in capacity building of women interested in floral business. Zonta Club is an initiative of women executives and professionals at national and local levels through service and advocacy for improving economic growth, education, health and issues related to youth and violence against women. The non-profit organisation has 68 chapters worldwide. Shreejana Rana, president of Zonta Club of Kathmandu, said the event aims at enhanc- JAJARKOT, AUG 7 Bus services between Nepalgunj and Jajarkot in the mid-western region have been halted for five days leaving thousands of travellers stranded after transport companies went on strike demanding a hike in fares. Travellers in Nepalgunj, Kohalpur, Chinchu, Surkhet and Jajarkot Khalanga have been grounded as there is no public transportation to their destinations. Striking transporters have even forced private vehicles off the roads. The transportation companies want to jack up fares by n Thai trainer Aphatsara Phenpraphat (left) demonstrates a sample during the ‘Flower Arrangement Workshop’ in Kathmandu on Sunday. POST PHOTO :SANJOG MANANDHAR ing innovative skills of the participants. “We aim to transform the traditional way of making flower-based decorative items,” said Rana. She said Trainers from Thailand have been providing training to 150 women, including victims of burns violence. Travellers in Nepalgunj, Kohalpur, Chinchu, Surkhet and Jajarkot Khalanga have been grounded as there is no public transportation to their destinations at least 20 percent. The local administration has shown no concern despite the extreme hardship caused to travellers, complained residents. Neither the Department of Transport Management nor the administration offices of the affected districts have made a move to solve the problem. The authorities haven’t called the agitating transporters for talks or pressured them to resume services. According to locals, they are starting to face shortages of daily essential commodities due to the inaction of the concerned authorities. “The authorities are not willing to increase the fare,” said local Lila Bahadur Shah. “The transporters have said that they will resume services if they are allowed to increase their ticket prices by 20 percent.” Two weeks ago, the department had fixed public transportation fares at Rs2.50 per kilometre and issued permanent route permits accordingly. As per the new tariff, the fare on the KhalangaNepalgunj route is Rs464. Likewise, the price of a ticket on the Khalanga-Kathmandu route is Rs1,366. Earlier, transporters had been charging Rs1,000 and Rs2,000 respectively. The department has dispatched circulars to the district administration offices of Surkhet, Jajarkot and Salyan to enforce the new fares strictly. Vehicles belonging to around nine transport associations operate on these routes. modified wheels French wheat output to fall PARIS: France, the European Union’s biggest grain producer, is headed for its smallest wheat harvest in three decades because of heavy rains and lack of sunlight, the agriculture ministry said on Friday. Wheat output is projected to fall by 30 percent from the 2015 harvest to 29.1 million tonnes, France’s weakest level since 1986, which was drought year, it said. “The crops have suffered from too much water and too little light,” the ministry’s statistics bureau Agreste said. “The flowering and the grain maturation happened in bad conditions,” it said, adding that weather conditions had also helped diseases and pests to spread. The farming region around Paris as well as eastern and northern France were most affected. The drop comes at a period of high output in other countries. (AFP) Visitors watch tuned cars during the 2016 ImportFest in Toronto, Canada, on Saturday. As the largest ‘Modified’ car show in Canada, this annual event showcased hundreds of highly modified cars from across Canada and the United States. Xinhua n The club said the demand for decorative items made of flowers is on the rise in both domestic and international markets. Germany, the US, Australia, Japan and a number of European countries are top importers of the products. Rana said the training could help better utilise local resources, besides increasing the country’s export earnings. She said the club has been focusing on promoting the products especially from rural areas. The club has also been investing in projects related to toilet and sewerage management in rural areas. It also plans to produce fertilisers and biogas from organic waste, Rana said. regulator to attach Mallya’s assets worth IRs 60 billion Press Trust of India Mumbai, Aug 7 Enforcement Directorate has identified assets worth over IRs60 billion which it plans to attach as part of its fresh action against liquor baron Vijay Mallya in connection with a money laundering probe against him and others in an alleged bank loan fraud case. The agency is preparing to initiate the second round of attachments under the provisions of the Prevention of Laundering Act Money (PMLA) after the embattled businessman recently skipped appearance before a special PMLA court here under a proclamation order issued under sections of the Criminal Procedure Code (CrPC). The agency, sources said, has identified some pledged shares, associated immovable and movable assets of Mallya and his family members that would be seized and frozen as part of its action plan to widen probe in the case. “Similar action can be initiated against few others named in the case apart from Mallya,” they said. They said the agency has already written to banks and other financial institutions to obtain details in this regard. The agency, meanwhile, is also in the process of getting a ‘proclaimed person’ order issued from the special court which will be further sent to the Ministry of External Affairs (MEA) in order to execute the India-UK MLAT to bring Mallya back to India to join investigations. ED, in June, had sought the proclamation notice to be issued against Mallya as it said he had “multiple” arrest warrants pending against him, including a non-bailable warrant (NBW) under the PMLA. g o in g g r e e n Ukraine sees solar power as Chernobyl’s future Agence France-Presse KIEV, Aug 7 Imagine one of the largest solar farms ever at the site of the world’s worst man-made nuclear disaster that struck Chernobyl in modern-day Ukraine and sowed panic across Europe. That is the grand vision of Ukrainian Environment Minister Ostap Semerak, backed up by bigtime investors such as the European Bank for Reconstruction and Development (EBRD). The Chernobyl catastrophe of April 1986 left thousands dead or dying and created a contaminated no-man’s land in northern Ukraine in which only a few hundred elderly people still cling on to their homes. The 30-kilometre-wide (19-milewide) “exclusion zone” surrounding the stricken station is primarily covered in forests and filled with radia- Nepse 1,764.72pts -0.22% highest losers BNT NMBMFMSMBS SYFL SETI JFL -9.99%-5.43% -5.06%-4.85% -4.80%-4.28% moderate losers SICL SKBBLKADBLNNLB NLG PROFL -4.09%-4.04% -3.96% -3.86% -3.84% -3.77% moderate gainers NUBL ALDBL DBBLJSLBB KDBL RBCL 3.84% 3.87% 3.94%3.97% 4.15% 6.09% highest gainers Travellers stranded by transport strike in mid-western region BHIM BAHADUR SINGH shares The event aims at enhancing innovative skills of the participants, according to organisers KATHMANDU, AUGUST 7 II tion levels that make most foods produced there unsafe. But Ukraine believes there are also around 6,000 hectares (15,000 acres) of open land that can be filled with solar panels that may one day produce about as much energy as Chernobyl’s ill-fated reactor number four did in its time. The EBRD has already said it was willing to support the project as long as Ukraine attracted the $1 billion needed to fulfil its first stage. “A fairly large number of various companies across the world are interested,” Semerak said. “I think that, in case of successful negotiations, this project could be launched in full next year.” Ukraine is keen to break its dependence on energy giant Russia in the wake of a 2014 pro-EU revolution that was followed by the Kremlin’s annexation of Crimea and the outbreak of a pro-Moscow insurgency in the country’s east th- The 30km-wide ‘exclusion zone’ is primarily covered in forests and filled with radiation levels that make most foods produced there unsafe at has claimed more than 9,500 lives. About 50 percent of the former Soviet republic’s energy is still produced by its remaining nuclear stations. Thermal power generation makes up for much of the rest. Official statistics show solar panels accounting for less than one percent of the energy consumed in Ukraine. The very first stage of the project should see Ukraine partner up with two private foreign firms to build a few small solar plants that generate about six megawatts of power by the end of this year. That is still just a tiny fraction of the 4,000 megawatts pumped out by Chernobyl in its Soviet-era heydays. Semerak thinks investors will be drawn by existing electricity lines and a professional personnel that is working on cleaning up the remainders of the Chernobyl station and installing a giant dome around it to keep the atmosphere safe. Semerak adds that purchasing land required for the solar farm is remarkably cheap because it is unsafe for farming and has little other use. “The radiation level have dropped immeasurably over the past 30 years,” Semerak said in a telephone interview. “Of course, this territory still cannot be used for farming,” he said. “But it is suitable for innovative and scientific project.” Semerak added that the project’s success would create other possibilities for what is considered one of the most unhealthy parts of Europe that would see Chernobyl become an “innovation zone”. Yet questions remain about whether Semerak’s plan is actually feasible. Foreign investors view Ukraine with a great deal of caution because of the separatist conflict and its tensions with Russia as well as corruption that has permeated both the government in Kiev and the regions. “I think this project will require a great deal of money,” Dmytro Lukomsky of the Rentechno solar station construction firm told AFP. “If we find the investors, the prospects are fairly good. And if we do not—the chances of things working out are small.” Energy expert Oleksiy Khabatyuk noted that Ukraine only this year crawled out of a two-year recession and the prospects for future growth were minimal because of endless political upheaval and tensions with Russia. AHPC BARUN WOMIMMDBL KMFL KNBL 7.22%8.60%9.67% 10% 10% 10% Nepal Stock Exchange Singhadurbar Plaza, Kathmandu August 07, 2016 Trading Information Trading Price SN CompanyMaxMinClosingNo Shares 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 Ace Dev Bank Ltd Agriculture Dev Bank Ltd Alpine Dev Bank Ltd Api Power Co Ltd Araniko Dev Bank Ltd Arun Valley Hydropower Dev Co Ltd Asian Life Insurance Co Ltd Barun Hydropower Co Ltd Bhargav Bikash Bank Ltd Bottlers Nepal (Terai) Ltd Butwal Power Co Ltd Century Commercial Bank Ltd Chhimek Laghubitta Bikas Bank Ltd Chilime Hydropower Co Ltd Citizen Bank International Ltd Citizen Investment Trust Deprosc Dev Bank Ltd Dev Bikas Bank Ltd Everest Bank Ltd Everest Bank Ltd Con. Pref. Everest Insurance Co Ltd Excel Dev Bank Ltd Fewa Bikas Bank Ltd First Micro Fin Dev Bank Ltd Gandaki Bikas Bank Ltd Global IME Bank Ltd Global IME Samunnat Scheme-1 Goodwill Fin Co Ltd Guheshowori Merchant Bank & Fin Co Ltd Gurans Life Insurance Co Ltd Hamro Bikas Bank Ltd Himalayan Bank Ltd Himalayan General Insurance Co Ltd ICFC Fin Ltd ILFCO MicroFin Bittiya Sanstha Ltd Jalabidyut Lagani tatha Bikas Co Ltd Janaki Fin Ltd Janata Bank Nepal Ltd Janautthan Samudayic Laghubitta Bikas Bank Ltd Jebils Fin Ltd Kabeli Bikas Bank Ltd Kailash Bikas Bank Ltd Kalika Microcredit Dev Bank Ltd Kanchan Dev Bank Ltd Kankai Bikas Bank Ltd Karnali Dev Bank Ltd Kasthamandap Dev Bank Ltd Kisan MicroFin Bittiya Sanstha Ltd Lalitpur Fin Ltd Laxmi Bank Ltd Laxmi Laghubitta Bittiya Sanstha Ltd Laxmi Value Fund-1 Life Insurance Co Nepal Lumbini Fin Ltd Lumbini General Insurance Co Ltd Machhapuchhre Bank Ltd Mahila Sahayatra MicroFin Bittiya Sanstha Ltd Manaslu Bikas Bank Ltd Manjushree Financial Institution Ltd Mega Bank Nepal Ltd Mirmire MicroFin Dev Bank Ltd Miteri Dev Bank Ltd Mount Makalu Dev Bank Ltd Muktinath Bikas Bank Ltd Nabil Balance Fund 1 Nabil Bank Ltd NABIL Bank Ltd Promotor Share NagBeli LaghuBitta Bikas Bank Ltd National Hydro Power Co Ltd National Life Insurance Co Ltd Naya Nepal Laghubitta Bikas Bank Ltd Neco Insurance Co Ltd Nepal Bangladesh Bank Ltd Nepal Bank Ltd Nepal Doorsanchar Comapany Ltd Nepal Grameen Bikas Bank Ltd Nepal Insurance Co Ltd Nepal Investment Bank Ltd Nepal Investment Bank Ltd Promoter Share Nepal Life Insurance Co Ltd Nepal SBI Bank Ltd Nerude Laghubita Bikas Bank Ltd NIBL Samriddhi Fund 1 NIC Asia Bank Ltd NIDC Capital Markets Ltd Nirdhan Utthan Bank Ltd NLG Insurance Co Ltd NMB MicroFin Bittiya Sanstha Ltd NMB Bank Ltd NMB Sulav Investment Fund-1 Om Dev Bank Ltd Oriental Hotels Ltd Pokhara Fin Ltd Prabhu Insurance Ltd Premier Insurance Co Ltd Prime Commercial Bank Ltd Prime Life Insurance Co Ltd ProgressiveFin Ltd Prudential Insurance Co Ltd Purnima Bikas Bank Ltd Raptibheri Bikas Bank Ltd Rastriya Beema Co Ltd Reliable Dev Bank Ltd Reliance Lotus Fin Ltd Ridi Hydropower Dev Co Ltd Rural MicroFin Dev Centre Ltd Sagarmatha Fin Ltd Sagarmatha Insurance Co Ltd Sajha Bikas Bank Ltd Sana Kisan Bikas Bank Ltd Sanima Bank Ltd Sanima Mai Hydropower Ltd Saptakoshi Dev Bank Ltd Seti Fin Ltd Sewa Bikas Bank Ltd Shangrila Dev Bank Ltd Shikhar Insurance Co Ltd Siddhartha Bank Ltd Siddhartha Equity Orineted Scheme Siddhartha Insurance Ltd Siddhartha Investment Growth Scheme-1 Sindhu Bikash Bank Ltd Soaltee Hotel Ltd Standard Chartered Bank Ltd Summit Micro Fin Dev Bank Ltd Sunrise Bank Ltd Surya Life Insurance Co Ltd Swabalamban Bikas Bank Ltd Swarojgar Laghu Bitta Bikas Bank Ltd Synergy Fin Ltd Taragaon Regency Hotel Ltd Tinau Dev Bank Ltd Tourism Dev Bank Ltd Triveni Bikas Bank Ltd Uniliver Nepal Ltd United Fin Ltd United Insurance Co (Nepal) Ltd Vijaya laghubitta Bittiya Sanstha Ltd Western Dev Bank Ltd Womi MicroFin Bittiya Sanstha Ltd Yeti Dev Bank Ltd Total Traded Amount Rs.: Total Traded Shares: Total Transactions: 1,531,474,676 2,116,354 8,068 Index Current Pts Change%Change NEPSE 1,764.72 3.88 0.22 Sensitive 380.19 0.76 0.2 Float 130.94 0.43 0.33 448 1006 499 851 462 456 1815 530 570 7141 944 475 2258 1385 741 5100 3122 418 3345 1720 1973 790 709 1949 520 559 13.28 529 420 960 238 1589 1454 428 1303 410 436 545 942 318 790 778 2035 668 671 342 529 2915 317 906 3100 17.16 3366 448 1505 871 1528 427 456 530 2744 1162 880 1540 25.25 2399 1850 4215 196 3350 1600 2150 1050 586 695 927 1237 1096 936 3920 1975 2288 16.02 872 749 2260 2095 4350 860 16.70 704 587 444 1591 2495 700 2227 265 1570 529 396 8628 587 389 385 1190 596 2310 373 2160 804 1040 605 530 691 508 3557 1330 16.24 2400 30.09 425 429 3708 2700 842 960 2550 2600 203 300 680 530 522 32480 472 1235 1510 605 2456 404 Sub-Indices Banking Hotels Dev Bank HydroPower Finance Insurance 440 970 474 800 429 423 1753 488 560 6301 910 439 2070 1332 715 4991 2951 387 3251 1710 1911 764 671 1825 481 543 13 503 406 897 234 1500 1380 406 1250 390 402 520 924 307 790 735 2001 629 622 335 490 2703 294 875 2975 16.30 3315 435 1400 845 1480 420 420 495 2744 1060 800 1472 24.27 2340 1787 4150 190 3250 1568 2020 1019 550 670 892 1127 1030 886 3800 1887 2182 15.20 845 701 2121 1950 4155 820 16.41 665 575 407 1480 2342 657 2100 255 1530 510 384 8294 553 361 377 1110 566 2210 348 2015 765 1010 575 495 661 499 3266 1281 15.61 2246 29.50 420 400 3555 2650 810 925 2442 2600 195 283 657 491 495 32470 472 1165 1435 560 2277 370 445 972 483 812 436 445 1756 530 560 6301 915 445 2100 1333 720 5030 2952 395 3251 1720 1935 764 675 1862 500 546 13 505 406 897 238 1505 1380 414 1250 390 402 520 942 307 790 735 2035 629 671 335 501 2915 294 880 2975 16.30 3315 448 1400 845 1480 427 425 495 2744 1081 880 1472 24.27 2345 1790 4215 191 3251 1568 2062 1032 559 695 895 1149 1040 890 3800 1930 2184 15.20 849 701 2160 1951 4161 823 16.42 678 585 410 1485 2495 660 2107 255 1530 510 390 8628 564 363 377 1122 566 2210 348 2015 775 1010 579 495 661 500 3280 1290 15.70 2250 29.50 420 400 3565 2650 812 925 2451 2600 196 283 657 495 495 32470 472 1165 1435 562 2449 385 3439 25130 1340 7767 6319 70764 5026 160 600 210 12421 31669 3196 6949 28173 1855 970 17423 26557 129 730 3106 4621 5650 7868 51265 65000 4200 10096 4755 17104 5884 4138 22832 1791 45554 4864 32843 20 1806 73 9367 150 4021 1839 660 10467 630 1616 17341 394 60759 610 1772 9447 44573 361 170 17192 16578 10 5446 320 9621 71089 6957 6453 233 60170 5923 20 17703 111157 188585 6275 1810 7283 57810 19367 3430 15395 1640 14400 30297 3172 2677 2353 454 81581 34135 11246 2907 7657 15001 10695 25280 3518 3600 1210 1428 1163 30 47617 12241 760 3757 7826 2353 1553 5038 39757 5385 2142 942 4928 2536 4549 81453 131700 4502 9400 332 18178 7646 165 43162 4265 2374 100 8660 5450 1542 25666 13815 30 252 1470 1380 4177 1750 15756 Current Pts Change%Change 1,659.99 7.26 0.44 2,146.64 4.35 0.2 1,837.49 3.97 0.22 2,594.44 0.02 0 865.91 0.63 0.07 8,500.62 58.4 0.68 Base: 16/07/2006, (Adjusted on 10/04/2007) = 100 C M Y K III money world India inflation target is ‘credit positive’ olympic tourism Indo-Asian News Service New Delhi, Aug 7 n Tourists visit the Christ the Redeemer statue in Rio de Janeiro, Brazil, on Saturday. Rio is the 2016 Olympics host city. World Social Forum moves to G7 nation for first time Agence France-Presse MONTREAL, Aug 7 Anti-globalization activists will gather in Montreal Tuesday for the first World Social Forum (WSF) to be held in the northern hemisphere, hoping the location will provide fresh impetus for the movement. A march through downtown Montreal is to kick off the event, which was first held in Brazil in 2001 seeking to promote alternatives to neoliberalism. More than 50,000 members of civil society groups, social movements and others are expected to attend the six-day event. “We’re hoping to gain momentum by bringing the forum to a northern country like Canada,” which is also a Group of Seven industrialized nation, said one of the organizers, Raphael Canet. “Social inequality is everywhere,” he added. “We want to overcome North-South divisions and say clearly that there are social problems worldwide, and also global solutions.” Born out of violent protests as a counterweight to its capitalist rival, the World Economic Forum held annually in Davos, Switzerland, the WSF aims to offer a space for decentralized debate and an exchange of ideas, as well as the coordination of global campaigns. Past annual conferences held in Mali, India, Pakistan and Tunisia have attracted up to 100,000 delegates each. Only thekathmandupost | Monday, August 8, 2016 half that number are expected for the Montreal event, however, as many could not afford the trip and relatively pricey accommodations, even with financial assistance, according to organizers. They said the Canadian government also denied travel visas to 234 delegates, preventing them from attending, including Mali’s former culture minister Aminata Traore and Imad Temiza, the president of the Palestinian postal union. Officials declined to comment on specific cases, citing Canada’s strict privacy laws. Nancy Caron, a spokeswoman for the immigration ministry, said the department reached out to WSF organizers to facilitate delegates’ entry into Canada. REUTERS The Indian government’s targeting of inflation at four percent with a range of plus/ minus two percent is a “credit positive” measure that will help macroeconomic stability, Moody’s Investors Service said on Sunday. “The Indian government’s notification of the inflation target at four percent, plus or minus two percent through to 2021 is a credit positive re-affirmation of commitment to keeping inflation at moderate levels,” said Moody’s Senior Vice President (Sovereign Risk Group) Marie Diron in a statement. “Sustained moderate inflation would contribute to macroeconomic stability and help prevent a repetition of the short marked cycles of the past,” Diron said. “An explicit inflation target can help anchor inflation expectations The central government in consultation with RBI will determine the inflation target in terms of the Consumer Price Index inflation once in every five years and hence actual inflation at moderate levels. At a time when large increases in wages are implemented in the public sector, moderate inflation expectations could help prevent spillovers to wage and price settings in other sectors,” Diron said. inflation target The until March 31, 2021, was notified by the central government on Friday in consultation with the Reserve Bank of India (RBI). The government stated that the inflation target will be considered a failure if the average inflation is more than the upper limit of six percent or below the lower level of two percent for three consecutive quarters. If the RBI fails to meet the inflation target, it will need to state the reasons for failure to the Centre in a report along with the remedial actions proposed to be taken and an estimate of the time-period within which the inflation target shall be achieved, according to the Finance Bill 2016. The changes to the monetary policy regime of the last two years mark a step towards greater policy transparency and predictability, both of which should help in policy transmission and hence monetary policy effectiveness, Diron said. The setting of the inflation target comes under the monetary policy framework agreement between the government and the RBI signed in early 2015. The central government in consultation with RBI will henceforth determine the inflation target in terms of the Consumer Price Index (CPI) inflation or retail inflation, once in every five years. According to the agreement, the RBI will once in every six months publish a document to be called the Monetary Policy Report, explaining the sources of inflation and the forecasts of inflation for the period between next six to eighteen months. The government has started the process of setting up a Monetary Policy Committee (MPC), which would be mandated to set the interest rate -a practice now being carried out by the RBI. The central bank will need to provide all information to the members of the Monetary Policy Committee that may be relevant in achieving the inflation target. Modi: Target 8pc growth for 30 years Indo-Asian News Service New Delhi, Aug 7 Prime Minister Narendra Modi on Saturday gave Indians an ambitious target of achieving more than 8 percent growth rate for 30 years, saying this will change the entire developmental scenario of the country. “If we can sustain an economic growth of more than 8 percent for 30 years, if not more, all that is good in the world will be at our doorsteps,” Modi said addressing a Town Hall-style event organised to mark the second anniversary of MyGov platform. He said amid a recession-hit global economy, it is no mean feat for a country of 125 crore to achieve a growth n Indian Prime Minister Narendra Modi. rate of 7.5 percent despite two consecutive droughts. “The entire world is passing through recession and the purchasing power has come down significantly. Indian agriculture is also facing pressure. To achieve 7.5 percent growth rate in such a situation is itself a big feat and I compliment 125 crore Indians for this,” he said. Stressing on the role of proper planning and bal- anced expenditure in running country’s economy, the Prime Minister said there should be an optimal utilisation of natural resources. with proper “Only utilisation of our natural resources, we can fully utilize human resource potentials,” he said fielding questions from citizens from across the country. On the Occasion, he feliciated people whose suggestions were included in his monthly “Mann Ki Baat” radio broadcast. He also met six engineering students who designed and developed the new PMO mobile app. Stating that agriculture remains a most potent sector to push up country’s economy, Modi said the farmers should be led towards mod- ern amenities and his government’s efforts to distribute soil health cards is a sincere attempt towards that endeavour. He said in the changing agro-economic scenario, farmers should focus on multiple activities and also take up timber cultivation as a mid-term and long-term strategy. The Prime Minister also urged the agriculturists to dedicate a portion of their land and labour on subsidiary activities such as animal husbandary, bee keeping and fisheries to bolster their income. He also stressed on the need to focus on preventive and affordable health care and said the government is working on widening the scope of health insurance. C M Y K bizline Toyota developing new Japan taxi TOKYO: Toyota Motor Corp is developing a next-generation taxi for the Japanese market and it has formed a partnership with the country’s hire-taxi federation to explore uses for new technology, the company said on Friday. The partnership comes as Japan’s biggest automaker invests heavily in automated driving, car sharing and other connected mobility technologies, while Japan’s powerful taxi industry has opposed efforts by ride-hailing app Uber to expand into the country. Toyota’s new taxi, which is being developed in cooperation with the Japan Federation of Hire-Taxi Associations, will focus on being accessible to the elderly, families with children and foreign tourists. It would become available in 2017, it said. (REUTERS) ‘Brexit deal will determine investment’ LONDON: The chief executive of Japanese carmaker Nissan said future investment decisions about Britain’s biggest car plant will depend on the terms of a Brexit deal struck with the European Union on customs, trade and free movement of goods. Nissan’s Sunderland plant in the north of England built nearly one in three of Britain’s 1.6 million cars last year and has been lauded as one of Europe’s most efficient facilities, where it builds the popular Qashqai sport utility vehicle. But most of the site’s output is exported to Europe and Renault-Nissan Alliance Chief Executive Carlos Ghosn told the BBC that Nissan and other companies were waiting to see the outcome of Brexit talks before making new investment decisions. (REUTERS) Suzlon to exit debt restructuring MUMBAI: India’s Suzlon Energy Ltd hopes to exit a process of corporate debt restructuring by March 2017, its chairman said on Thursday, a turnaround for a company that four years ago reeled under heavy debt after an ill-advised overseas expansion. Suzlon’s purchase of German wind energy firm RePower, now renamed Senvion, for 1.4 billion euros ($1.56 billion) in 2007 proved a costly mistake after the 2008 global financial crisis dented demand for wind turbines. The debt taken on to purchase the company badly hurt Suzlon, leading it to post India’s biggest default in foreign currency convertible debt in 2012. It also forced Suzlon to enter corporate debt restructuring (CDR) in 2013, a formal process in India under which companies that face difficulties in repaying their loans can work with banks to restructure their debt. (REUTERS) money IV bazaar Monday, August 8, 2016 | thekathmandupost Hulas’ new electric car model put to road test VegetablesUnit Price (Rs) BINOD BHANDARI BIRATNAGAR, AUGUST 7 Hulas Motors, a subsidiary of Golchha Organisation, has started field testing of its new electric car model named “Da Vinci”. The company is currently testing the prototypes in Kathmandu and hilly areas. It said the car will be priced at around Rs1.4 million, without divulging the launch date. Hulas Motors Manager Prafulla Chandra Das said the cars are locally assembled, with parts imported from China. The vehicle, which can accommodate five passengers, comes with features such as air conditioning, power lock, power steering, power windows and reverse camera, among others, according to the company. Das said the company is holding talks with government authorities for support, seeking subsidy on customs and excise duties in particular. “If the government subsidies the taxes, the car will be even cheaper,” he said. Hulas Motors has been manufacturing three- and four-wheelers since 1994. In 2015, it ended production of its famous “Mustang Max” jeep—which was used by former Prime Minister Babu Ram TOKYO: Real wages in Japan rose the most in almost six years in June, data showed on Friday, but the gain was exaggerated by the effect of falling prices, highlighting the government’s struggle to pull the economy out of deflation. Prime Minister Shinzo Abe has sought to lift the economy out of two decades of stagnation through a three-pronged mix of big government spending, ultraloose monetary policy and structural reforms. While pay increases and higher spending are key for the success of Abenomics, wage gains inflated by low prices may not spur private consumption, which remains sluggish. Real wages, which are adjusted for inflation, jumped 1.8 percent in June from a year earlier, the highest level since September 2010. In the previous month, they rose 0.4 percent on-year, revised data from the labour ministry showed. (REUTERS) RETAIL PRICE Red Potato Kg Rs55 White Potato Kg Rs45 Onion (Indian) Kg Rs38 Tomato Small Kg Rs85 Carrot Kg Rs125 Tomato Big Kg Rs85 SquashKg Rs35 CabbageKg Rs45 Brinjal Long kg Rs65 Cow Pea Kg Rs75 Fruits Unit Price (Rs) Apple Kg Rs155 PomegranateKg Rs215 Mango kgRs110 Pineapple1Pc Rs105 CucumberKg Rs65 PapayaKg Rs73 BananaDoz Rs85 Lime Bhattarai as his official vehicle— after it failed to meet pollution standards. Das said the company had no option but to stop the production after the government refused to give it adequate time to upgrade the vehicle to Euro-3 standards. “The government authority refused to extend the deadline although were planning to upgrade to Euro-3,” he said. The company also produced a light commercial vehicle named “Hulas Sherpa” until 2002. Pikachu parade as Japan goes Pokemon crazy Japan real wages rise in June market watch 100 Pcs Rs475 daily commodities Commodities Unit Price (Rs) Pokhreli Rice Kg Rs70 Jeera Masino Rice Kg Rs70 Indian Basmati Rice Kg Rs100 Mansuli Rice Kg Rs55 Sona Rice Kg Rs50 Beaten Rice (Taichin) Kg Rs125 Beaten Rice Kg Rs60 Big Mas Kg Rs270 Small Mas Kg Rs250 Big Mung Kg Rs180 Musuro (No 1) Kg Rs170 Musuro (No 2) Kg Rs150 Rahar KgRs250 India extends steel floor prices NEW DELHI: India late on Thursday extended a floor price for imports of steel products for a further two months, as the government tries to protect the domestic steel industry from cheap overseas shipments, especially from China. The floor price, known as the minimum import price, was introduced in February - the first time the government had taken such a step in over 15 years—for a six-month period that was due to expire on Aug. 5. Its extension, announced by the commerce and industry ministry, is a sign that India is growing increasingly protectionist as it tries to support local players in the world’s only major growing steel market. Top domestic steel makers such as JSW Steel Ltd, Tata Steel Ltd, Jindal Steel & Power Ltd and Kalyani Steels have lobbied the government hard to take more measures to protect their margins from cheap imports. (REUTERS) Chana (Big) Kg Rs220 Chana (Small) Kg Rs210 Chilli Powder Kg Rs400 gasoline watch Canada unemployment rises to 6.9pc OTTAWA: Canada’s jobless rate rose 0.1 percentage points in July to 6.9 percent, the government announced Friday. Full-time employment fell while part-time work was up in the month, said Statistics Canada. There were fewer youths, aged 15 to 24 years, working mostly part-time jobs in July. Ontario and Newfoundland provinces shed positions while British Columbia—with the nation’s lowest regional unemployment rate—and New Brunswick saw an uptick in job creation. Overall, fewer Canadians were employed in public administration, while the number of healthcare and social assistance jobs increased. The public sector shed jobs, while there was little change among private sector and self-employed workers. (AFP) Takata still plans return to black TOKYO: Takata Corp., the Japanese company at the centre of a massive global air bag recall, is sticking to its forecast of posting a 13 billion yen ($129 million) profit for the fiscal year through March. It reported on Friday an April-June profit of 2 billion yen ($19.8 million), down 33 percent from the same period the previous year, as quarterly sales slipped 7 percent to 169 billion yen ($1.7 billion). Tokyo-based Takata, which had two straight years of losses over the recalls, has said it will return to the black this fiscal year, although some analysts note that recall costs now being shouldered by automakers will be billed to Takata. Takata also faces class-action lawsuits over its defective air bag inflators that can explode with too much force, sending shrapnel spewing. (AP) n Performers dressed as Pikachu, the popular animation Pokemon series character, perform in the Pikachu parade in Yokohama, Japan, on Sunday. Agencies YOKOHAMA, Aug 7 Hundreds of Pokemon Go fans gathered in Yokohama, southwest of Tokyo, on Sunday to join an annual Pikachu parade as the global phenomenon soars in popularity. Some 50 life-size Pikachu characters, the most famous from the Pokemon game, marched along the city’s waterfront street as visitors took mobile phone pictures and videos of them in scorching sunshine. Some participants said they attended the event to search for rare characters of Pokemon—a word short for “pocket monster”—for the megahit smart- Some 50 life-size Pikachu characters, the most famous from the Pokemon game, marched along the city’s waterfront street as visitors took mobile phone pictures and videos of them phone app, which was launched last month globally. “I came here all the way to Yokohama, hoping to find different kinds of Pokemon characters,” said Teruko Fujisawa, a 45-year-old woman working at a trading house. The event had no direct link with the app, organisers said. Since its global launch, Pokemon Go has sparked a worldwide frenzy among users who have taken to the streets with their smartphones. The free app uses satellite loca- tions, graphics and camera capabilities to overlay cartoon monsters on real-world settings, challenging players to capture and train the creatures for battles. Pokemon has been popular in Japan since first being launched as software in 1996 for Nintendo’s iconic Game Boy console. It expanded into other media, most notably a wildly popular TV animation show and its popularity has never waned. Meanwhile, Pokemon Go players have been blamed for damage AFP/RSS at historic Fort Phoenix in Massachusetts, the US. Gary Lavalette, volunteer caretaker at the fort in Fairhaven, near the Rhode Island state line, says people have been leaving trash, vandalizing historic structures and publicly urinating. He told WLNE-TV that a stone wall was taken apart with a crowbar and parts of the property look like a “minefield” because people are digging up the ground. The Fairhaven Historical Commission says hundreds of Pokemon Go players have been flocking to the fort, often at night, because it’s where a rare Pokemon can be found. The fort was destroyed by the British in 1778 but later rebuilt. bullion Price Per tola Hallmark Gold Rs58,900 Tejabi Gold Rs58,650 Silver Rs890 Source: FENEGOSIDA m u s t- h av e a c c e s s o r y The Basque beret, from peasant cap to ‘emblem of France’ Agence France-Presse OLORON-SAINTE-MARIE, Aug 7 The beret has come a long way since its humble beginnings as the headgear of choice for pelota players in the Basque country, becoming a must-have accessory as far afield as China. The jaunty topper preferred by Che Guevara and Pablo Picasso added a saucy touch to Monica Lewinsky’s look in a famous photo of her getting a hug from then president Bill Clinton at a 1996 White House event. In Oloron-Sainte-Marie, France’s “Basque Beret Capital”, one company, the House of Laulhere, lays claim to being the oldest producer of the flat cap, turning them out for nearly 200 years. The beret will never go out of fashion, says commercial director Mark Saunders. “The image of the Frenchman with a baguette under the arm and a beret on his head is obsolete only in the minds of the French,” says the 47-year-old Irishman. “Overseas, the beret is the emblem of France, synonymous with luxury and fashion,” he says, noting that Monaco’s Princess Charlene donned a Laulhere beret for her first public appearance after the birth of her twin girls two years ago. Laulhere is now one of the last firms to produce berets that are 100 percent made in France. “Just 30 years ago in this region there were 22 beret factories,” Saunders says in fluent French tinged with an Irish brogue. A few new manufacturers have sprung up recently in nearby Bearn, including some The knitting is now mechanised, but all the other stages are performed by hand that simply put the finishing touches on berets that they buy wholesale, he notes. “We are not the last French maker but the last historic maker of the French beret,” Saunders says with a twinkle in his eye. Laulhere has a counterpart in the Spanish Basque country just over the border, Boinas Elosegui, in the town of Tolosa in the shadow of the Pyrenees. Founded in 1858, it is the only Spanish company to make fine quality Basque berets. Like Laulhere, at Boinas Elosegui almost the entire process from weave to finish is carried out by hand using pure virgin merino wool. Laulhere’s unique know-how earned the company the coveted national distinctions of Living Heritage Enterprise and Guaranteed Origin France in 2012. “One of the secrets is the felting, in which the berets are washed for between five and seven hours with water from the river Gave,” Saunders said. “The minerals in the Gave water give the Laulhere berets their feel, which you cannot achieve with tap water.” The firm was on the edge of bankruptcy in 2012 when it was bought by the Cargo holding company grouping around 15 small businesses in southwestern France. Now, with a staff of 45 producing 200,000 berets per year and a turnover of 2.9 million euros ($3.2 million) in 2015, the company has three main markets. The traditional “Heritage” beret makes up 35 percent of its output; another 30 percent goes to military clients in France and around the world, with the rest going to haute-couture thanks to the fashion trend set by designers such as Dolce & Gabbana, John Galliano, Louis Vuitton and Ralph Lauren. It is also the official supplier of France’s rugby team. Nearly a third of its production is for export, with clients in around 20 countries including Japan, China and the United States. The process involves 10 main stages using purpose-built “top-secret” equipment. The knitting is now mechanised, but all the other stages are performed by hand—including felting, dying, shaping, shaving, finishing and garnishing. The basic beret costs 25 euros ($28), while luxury models can be priced at as much as 1,400 euros. Int’l market EnergyPrice (US$)%Change Brent Crude Futr (Bbl) Gas Oil Fut (Ice) (Mt) Gasoline Rbob Fut (Gal) Natural Gas Futr (Mmbtu) 44.27 378.25 137.63 2.77 -0.05 1.34 0.61 -2.19 AgriculturePrice (US$)%Change Cocoa Future (Mt) Coffee ‘C’ Future (Lb) Corn Future (Bu) Cotton No. 2 Futr (Lb) Rough Rice (Cbot) (Cwt) Soybean Future (Bu) Soybean Meal Futr (T) Soybean Oil Futr (Lb) Sugar #11 (World) (Lb) Wheat Future (Cbt) (Bu) Industrial Metals Copper Future (Lb) Precious Metals Gold 100 Oz Futr (T Oz) Silver Future (T Oz) 2,987.00 142.5 334.25 76.74 9.31 974.5 331.4 31.01 20.35 416 0.84 0.28 0.98 1.20 -0.21 1.86 2.28 -0.06 3.30 3.16 Price (US$)%Change 215.4 -2.00 Price (US$)%Change 1,344.40 19.73 -1.68 -0.46 C M Y K