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Prime Minister Modi Responds Amidst Intensifying Protests; Rahul Gandhi Labels Remarks as ‘Pathetic’

Following the escalation of protests over the leakage of India’s medical entrance exam question paper, Prime Minister Narendra Modi has announced the establishment of fast-track courts to swiftly punish those responsible. Opposition leader Rahul Gandhi described Modi’s remarks as ‘pathetic’ and called for the dismissal of the Education Minister along with action against those involved in violence against students. Led by the KCKJ Party, protesters have demanded the resignation of Education Minister Dharmendra Pradhan and compensation for the affected families. Kathmandu, August 24.

As protests intensified across India demanding action against those involved in the medical entrance exam paper leak, Prime Minister Narendra Modi offered his first public response. On Thursday midnight, Modi released a video message on social media. This was among his earliest responses to the youth-led protests spearheaded by the KCKJ Party. In his message, he addressed the protesters as ‘friends,’ emphasizing, ‘Nothing is more important than the future and welfare of our youth.’

The controversy surrounding illegal activities in the National Eligibility cum Entrance Test (NEET) has sparked intense protests in New Delhi. Security forces have taken strict measures to control the demonstrations. Protesters have been holding sit-ins for three days on Parliament Street, with many occupying the main road that connects New Delhi’s central business district. Facing mounting pressure, Modi declared, ‘We have decided to establish fast-track courts to ensure swift and stringent punishment for anyone involved in the question paper leak. Those who jeopardize our youth’s future will not be spared.’

The movement is organized under the leadership of the KCKJ Party, founded and led by Abhijit Dipke. Social activist Sonam Wangchuk supported the protests with a hunger strike, breaking his fast on its 26th day last night. Initially begun as a satirical online campaign against a removed secretary in May, the KCKJ Party’s campaign has evolved into a nationwide movement demanding reforms to the examination system and the resignation of Education Minister Dharmendra Pradhan. On Monday, an unprecedented crowd marched toward Parliament in New Delhi, with thousands taking to the streets.

Following the government’s failure to meet protesters’ demands, widespread criticism has emerged against its suppression tactics. The protesters are calling for the immediate resignation of Education Minister Dharmendra Pradhan, withdrawal of cases filed against peaceful demonstrators, and financial compensation of 10 million Indian rupees each to the families of at least 12 students who committed suicide due to exam-related distress. While Modi has yet to remove the education minister, he has dismissed a ministry secretary. The KCKJ Party criticized Modi’s video message for avoiding the minister’s dismissal. Party leader Abhijit Dipke tweeted, ‘Modi seems prepared to shut down all of Delhi but not ready to remove Dharmendra Pradhan.’

Spokesperson Ashutosh Rank described the fast-track court announcement as insufficient, stating, ‘This is not a real solution, just a distraction. The question paper leak is not about fast tracking, but a result of Education Minister Dharmendra Pradhan’s failure.’ Opposition Congress leader Rahul Gandhi condemned Modi’s video message as a ‘pathetic midnight video’ and urged him not to insult the intelligence of the students. Gandhi outlined three demands to the government: to dismiss Education Minister Dharmendra Pradhan, take action against those who have used violence against protesting students, and issue a public apology. Despite Modi’s address, the KCKJ Party has continued the protests and called for peaceful demonstrations today. Opposition parties have also maintained their demonstrations in front of the Parliament building. This ongoing protest movement in India has provided opposition parties with greater leverage to increase political pressure on Prime Minister Modi and the Bharatiya Janata Party (BJP).

Cockroach Party’s Protest is Wearing Down the Modi Government Amid NEET Exam Paper Leak Controversy

The controversy sparked by the leak of the NEET exam question papers in India and the subsequent student protests have drawn national attention. The Cockroach Janata Party (CJP) continues to hold demonstrations at Jantar Mantar in Delhi demanding the resignation of Education Minister Dharmendra Pradhan and fulfillment of student demands. Despite Prime Minister Narendra Modi’s announcement to set up a fast-track court to investigate the NEET scandal, protesters have vowed to persist until their demands are met.

News of the paper leak broke on social media on May 5, 2024, but the National Testing Agency (NTA) denied the allegations. Although issues such as paper leaks, irregularities, and grace marks have surfaced, student opposition is intensifying. Various student organizations in cities like Delhi and Hyderabad are continuing their protests, demanding the resignation of Education Minister Dharmendra Pradhan.

The matter has reached the Supreme Court, which has recommended reforms like exam digitization, restructuring of the NTA, and enhanced monitoring mechanisms. However, the problem of paper leaks persists. Nearly 2.3 million students appeared for the NEET exam held on May 3 this year. After the exam, the Rajasthan police confirmed that question papers went viral intact. The government announced the cancellation of the exam on May 12. Despite some reduction in criticism, 11 candidates committed suicide, highlighting the severe impact on students’ years of efforts and mental health.

The Cockroach Janata Party, initially limited to the digital sphere, was ironically founded by Abhijeet Deepak following the Chief Justice of India’s comparison of youth to inactive cockroaches. Targeting youth frustration and anger, CJP gained popularity on social media, receiving praise from opposition parties, influencers, and media personalities. However, with the recurrence of the NEET paper leak, CJP transcended its digital origins into a real-world movement.

Well-known YouTuber Dhruv Rathi, a vocal critic of the government, has also demanded Dharmendra Pradhan’s resignation. In a video posted on May 20, he raised issues like unemployment, corruption, the NEET question paper controversy, and media conditions, urging supporters to focus on the movement. Addressing the prime minister, he said, “I request the Cockroach Janata Party to recognize that the current education system has disappointed the youth. Consequently, demand the resignation of Dharmendra Pradhan and include this in your manifesto.” He also humorously expressed his wish to join the Cockroach Janata Party.

CJP founder Deepak, returning to India, released a video on social media amplifying the voices of students who committed suicide. The Cockroach Janata Party continues to call for demonstrations at Jantar Mantar demanding the education minister’s resignation. Arriving from the US on June 6 with Dr. Babasaheb Ambedkar’s autobiography, Deepak was joined by Sonam Wangchuk, who announced on June 5 that he would participate in protests if Pradhan did not resign. Wangchuk arrived at Jantar Mantar from Delhi airport carrying a rose, following Deepak’s call for peaceful protest symbolism. Wangchuk views the movement positively. While some have attempted to link CJP to conspiracy theories, on May 23 he described himself as the movement’s ‘honorary cockroach’ (Avanti Cockroach) and called on the government to address youth concerns.

In an interview with the Press Trust of India (PTI), Wangchuk emphasized that the campaign should be seen as democratic support rather than a threat. Citing the Janajati movement in Nepal, he highlighted how restrictions on online expression can produce unforeseen consequences, especially noting the complications from internet shutdowns in Nepal.

The initial days of CJP were similarly turbulent, with the issues escalating rapidly. Wangchuk was hospitalized after a 25-day indefinite hunger strike supporting the movement, having consumed only salt and water since June 28. He stated from the hospital that he would continue the strike until their demands were assured. In a letter dated July 22 from the hospital, he demanded compensation for families of students who committed suicide due to paper leaks, ensured accountability through parliamentary debate, the education minister’s resignation, and a pledge not to suppress the movement.

During Wangchuk’s hospitalization, Deepak also undertook a hunger strike but ended it after a few days for health reasons. Students too participated in hunger strikes. Central ministers have shown willingness to negotiate with CJP. On July 20, MP JP Nadda met with CJP spokesperson Saurabh Das and received their memorandum, though the government has made no official confirmation. The demands include hospital discharge for hunger strikers, immunity from legal action for protesters, Dharmendra Pradhan’s resignation or dismissal, and financial compensation to families of students who died by suicide. Spokesperson Das stated they are awaiting a prolonged dialogue with Nadda. Even without commitments from the government, the movement will continue.

During the parliamentary session march, clashes broke out between police and protesters. Police established three-tier barricades at Jantar Mantar entrances, and violence erupted when the crowd attempted to break through. Crackdowns also occurred in Delhi and Patna, with complaints of women being inappropriately touched. Amnesty International reported suppression of peaceful protests in India. Amnesty India president Akar Patel confirmed such reports from Jantar Mantar. A petition in the Supreme Court against police repression was rejected, with Chief Justice Surya Kant declining to hear the case.

Following police repression on July 20, Bollywood actors, comedians, influencers, journalists, and intellectuals criticized the government and encouraged protesters to remain steadfast.

Monday’s report dispelled doubts whether CJP is confined to social media or a real movement. Many Rajasthan students came out onto streets rejecting the government’s prolonged silence. Independent journalist Smita Sharma noted that the youth do not want to ignore issues of education, inflation, and unemployment, a clear message the government must understand. Opposition parties’ involvement in the movement is increasing; parties initially keeping distance are now regular at Jantar Mantar. Congress spokesperson and MP Pawan Khedekar met protesters, stating, “Peaceful protest is every citizen’s constitutional right. When citizens undertake hunger strikes, the government’s duty is to listen, not turn away. This is the essence of governance.” He added, “I advised ending the strike for health reasons, but no movement grows stronger by losing people. We must keep fighting to survive.”

Former Delhi Deputy Chief Minister Manish Sisodia visited the protest site, urging people to rise above party lines and join the march. Samajwadi Party MPs Priya Saroj, Rajiv Rai, and Ikra Hasan were also present at Jantar Mantar. Opposition parties have begun raising issues related to the CJP and the movement in Parliament. Congress leader Mallikarjun Kharge raised the lathi charge matter in the Rajya Sabha, accusing the Modi government of trying to suppress youth voices.

Prime Minister Narendra Modi ended his silence by announcing the formation of fast-track courts to resolve the NEET paper leak issue. Janata Dal United spokesperson Neeraj Kumar expressed concern, saying this is not only a student issue but also concerns parents. He hoped the prime minister’s assurance and fast-track courts would prevent leniency towards offenders and that the judiciary would ensure full punishment. Home Minister Amit Shah stated that the government’s highest priority is the welfare and future of youth. Lok Sabha opposition leader Rahul Gandhi criticized the Modi government, saying, “You have caused the most damage to our youth’s future. You have protected and led the education system toward destruction.” He added, “If Modi ji truly cared for the youth, all demands should have been met.”

Union Minister Dr. Jitendra Singh has expressed readiness to hold talks with CJP representatives, indicating that discussions could take place at JP Nadda’s office or residence.

US Warns of Major Attack on Iran; Tehran Vows Retaliation

US President Donald Trump has warned of a larger military action against Iran, claiming Tehran has not suffered enough pain yet. In response, Iranian Foreign Minister Abbas Araghchi issued a strong statement. Meanwhile, the US Senate rejected a proposal to halt the war and approved a $9.5 billion defense budget for military operations against Iran. (August 8, Kathmandu)

President Trump stated that the US is considering further significant military strikes on Iran, asserting that Tehran has yet to endure sufficient hardship. He indicated the possibility of launching another major military campaign soon. On the night of July 23, the US Central Command reported conducting the 13th consecutive night of airstrikes on Iran. According to CENTCOM, targets included Iranian military command centers, drone storage facilities, communication networks, coastal monitoring stations, and maritime capabilities.

According to Iran’s semi-official news agency Tasnim, a US missile strike near Ahvaz city in southwestern Khuzestan province resulted in four deaths and five injuries. Following Trump’s remarks, Iranian Foreign Minister Abbas Araghchi strongly condemned the reckless aggression of the US, warning that Trump will pay an even heavier price to bring an end to the war.

The US Air Force has attacked five major Iranian cities—Khorramabad, Khorramabad, Konarak, Jask, and various locations in the capital Tehran. Significant explosions occurred at Jask port near the strategically critical Strait of Hormuz. In Tehran, Iran activated its air defense systems to intercept US aircraft and missiles. In northern Iraq, a US soldier died and another was injured during the controlled detonation of unexploded ordnance from an Iranian drone that had been shot down. This brings the number of US military fatalities in this conflict to 17.

Nepal Achieves Outstanding Success at International Mathematics Olympiad with Three Students Winning Medals

The Nepalese team made history with an outstanding performance at the 67th International Mathematics Olympiad (IMO) held in Shanghai, China. Nepal set a new record by scoring 57 points, surpassing their previous best of 46 points. Out of 117 participating countries, Nepal ranked 84th, surpassing 33 nations in the competition. Nepali students Prasiddha Thapa, Ayam Acharya, and Nisan Khatri proudly earned Honorable Mention medals, bringing honor to Nepal.

Held from July 10 to 20, this prestigious global mathematics competition saw these three students, Prasiddha Thapa from Sankhuwasabha, Ayam Acharya from Lalitpur, and Nisan Khatri from Dhading, each receive Honorable Mentions, enhancing Nepal’s reputation. Other team members Mission Joshi from Bardiya, Yugantar Kalakheti from Morang, and Arij Pokhrel from Pokhara also delivered strong performances, significantly contributing to Nepal’s overall score.

According to Hari Prapanna Kandel, President of the Mathematical Association of Nepal and team leader, Nepal outperformed 33 countries among the 117 participating nations. Nepal first joined the International Mathematics Olympiad in 2017, held in Brazil. This year marked Nepal’s tenth participation in the event.

Event coordinator and association secretary Shavi Dhungana emphasized the need for regular national and international training for students to achieve even better results at the international level, along with increased support from government agencies. The Nepalese team returned home on July 21.

Youth Activist Sonam Wangchuk Ends Hunger Strike in India; Cockroach Party Leader Responds

Indian activist Sonam Wangchuk, who had been on a hunger strike for 26 days in support of a youth-led movement demanding improvements in education, ended his fast last night. In a post on social media platform X, Wangchuk—popularly known as ‘Sonam Sir’—stated that after “extensive discussions on various conditions” and to prevent “potential violence in the country,” he decided to break the hunger strike. The 59-year-old began the strike to back the Cockroach Janata Party (CJP), which had called for the resignation of Education Minister Dharmendra Pradhan.

Previously, Wangchuk revealed that he had lost 11 kilograms due to the strike but was still “alive.” Last Saturday, he was forcibly removed from the hunger strike site in Delhi and taken to a hospital. Reports indicate that Wangchuk ended his fast after the government assured no legal action would be taken against protesters at Jantar Mantar. Several Indian ministers visited him during his hospital stay.

Following Wangchuk’s decision to end the hunger strike, leaders of the Cockroach Janata Party issued statements. CJP founder Abhijit Dipke expressed on the social platform X, “We are relieved and grateful that Sonam Sir has ended his hunger strike after 26 days.” However, he emphasized, “The peaceful protest by the Cockroach Janata Party at Jantar Mantar will continue until Education Minister Dharmendra Pradhan resigns.” Despite police crackdowns during a parliamentary march on Monday, large-scale protests have not yet been suppressed in India’s capital. Hundreds of protesters and police officers have been injured in these confrontations. The CJP has now become one of the most recognized youth movements in India.

EU Implements 21st Sanctions Package, 3,100 Individuals and Entities Blacklisted

8th Shrawan, Kathmandu — The European Union (EU) has approved its 21st sanctions package. This information was communicated through a message published in the ‘Official Journal of the European Union’ by the EU Council. According to the new package, 48 individuals and 168 entities have been added to the blacklist. With this addition, the total number of blacklisted individuals and entities has reached 3,100, marking the largest record to date.

The sanctions list includes drone manufacturers Andrey Doronin, Olga Korchagina, and Denis Merzlikin. Senior financial officers Sergey Belov and Ruslan Arefiev have also been included. The owners of the Svetofor chain and Mikhail Gutseriev have been added to the list. Also included are Alexander Zarov, head of Gazprom-Media, and Vladimir Tabak, head of ANO Dialogue. Sports Minister Mikhail Degtyarev, FIDE President Arkady Dvorkovich, and musician Alexander Marshal have also been blacklisted.

All these rules came into immediate effect upon publication in the EU’s Official Journal. According to the new regulations, the assets of listed individuals within the EU will be frozen immediately. They will be barred from accessing any financial resources. Additionally, strict restrictions on entry and travel within EU countries have been imposed on these individuals.

Nepal Set to Clash with Pakistan Today in Volleyball Championship

In the ongoing Kaba Men’s Volleyball Championship in Islamabad, Pakistan, Nepal is scheduled to face the host nation today. The match will take place at the Garrison Jinnah Sports Complex in Islamabad, starting at 5:45 PM Nepal Standard Time. Both teams have lost two matches so far in the tournament, with Nepal positioned sixth with 2 points, while undefeated Pakistan leads the standings with 6 points.

Nepal will be competing against Pakistan for the third time in this tournament. Originally, the match was scheduled for 4:15 PM, but the organizers have announced a change in timing due to Friday prayers. On the same day, other matches include Uzbekistan vs. Sri Lanka in the opening game and Bangladesh vs. Kazakhstan in the second match.

Pakistan secured the top spot by winning their first two matches consecutively, accumulating 6 points. Nepal, on the other hand, lost both initial matches after going to the full five sets. They opened the tournament with a 3-2 set loss to Kazakhstan and were also defeated by Sri Lanka in the fifth set.

Following the loss to Sri Lanka, Nepal dropped to 87th place in the FIVB world rankings. Pakistan, with two straight wins, improved to 45th place. Among Asian teams, Pakistan ranks ninth and Nepal 21st. This championship, recognized by the FIVB world ranking system, included Nepal after their first match. The tournament features six Central Asian nations, with all teams playing each other in a round-robin format; the top four teams will advance to the semifinals.

What Lies Ahead for the Historic Old Parliament Building in Baneshwor Burned During the Gen Z Movement?

Protesters at the Old Parliament Building in Baneshwor

Image credit, AFP

Officials have concluded that the New Baneshwor International Convention Center, burned during last year’s Gen Z movement, cannot be repaired and resumed.

On September 8th of last year, following the tragic deaths of young protestors shot near the New Baneshwor Parliament complex, the next day the now three-decade-old building, rented for parliamentary sessions, was targeted by protesters.

Hundreds gathered, setting fire and causing extensive damage to the center, which was constructed with funding and design assistance from the Chinese government, rendering critical structures unusable, officials said.

The convention center, originally named the Birendra International Convention Center after King Birendra Shah who was assassinated in the Palace Massacre and who spearheaded its construction in 1993 (2050 BS), had the “Birendra” removed from its name after the declaration of the republic in 2008 (2065 BS), experts said.

For nearly two decades, the convention center served as the parliament building and generated annual rental income of 180 million Nepalese rupees from offices such as the Parliamentary Secretariat, the Investment Board, and the Law Commission.

US Imposes New Tariffs on 60 Countries Including China, India, Pakistan Amid Forced Labor Concerns

The United States has announced new tariffs ranging from 10 to 12.5 percent on about 60 major trading partner countries, accusing them of insufficient action to curb forced labor. According to US Trade Representative Jamison Greer, the decision, directed by President Donald Trump, will take effect from Friday and cover 99.4 percent of the total US imports. The Trump administration is taking this measure under the 1974 Trade Act to protect labor rights and ensure fair competition, though economists warn this could lead to higher prices for everyday consumer goods. Kathmandu, July 24.
The US has decided to impose new tariffs between 10 and 12.5 percent on nearly 60 leading trade partners, including the UK, China, India, Pakistan, Canada, Japan, and the European Union, due to their inadequate efforts to prevent imports made with forced labor.
These tariffs follow the expiration on Friday of a temporary 10 percent import tax on foreign goods enacted earlier this year. This move marks a fresh phase in the global trade war initiated during President Trump’s second term. Previously, the US Supreme Court ruled several emergency tariffs illegal, prompting the administration to pursue new legal avenues.
Last month, the White House unveiled a proposal to levy additional tariffs of 10 to 12.5 percent against 60 countries for failing to combat forced labor effectively. On Thursday, US Trade Representative Jamison Greer announced these new tariffs will come into force on Friday, as ordered by President Trump.
The tariffs will target the top 60 US trading partners, representing 99.4 percent of total imports. Greer stated, “This step addresses human rights violations and unfair trade competition, helping improve conditions for workers worldwide.”
Greer explained that this authority is based on Section 301 of the 1974 Trade Act, which allows the US to impose trade restrictions or sanctions. Currently, the Trump administration already applies a 50 percent tariff on goods from Canada under Section 338 of the Tariff Act of 1930.
According to the US Trade Representative’s office, these new tariffs will apply to countries unable to stop imports produced with forced labor. These countries account for a significant share of US total trade and imports.
During his second term, Trump made curbing imports made with forced labor a key condition in multilateral trade agreements. So far, ten partner countries have agreed to restrictions, and some others joined after further investigations. Countries that have committed to banning forced labor–made goods will face a 10 percent tariff, whereas those that haven’t will be subject to a 12.5 percent tariff.
Greer praised the cooperating countries and hopes the restrictions will be effectively enforced. The White House emphasized these tariffs are necessary to protect American workers and ensure fair competition. President Trump asserts that import taxes promote domestic manufacturing, create jobs, and strengthen the economy.
However, economists caution that higher tariffs may increase prices on daily consumer goods like coffee and microwaves. Although importers initially pay these tariffs, the extra costs are likely to be passed on to consumers. Trump has also used tariffs to pressure countries such as Mexico not only on labor rules but across other trade issues.
Business groups and affected countries are expected to oppose this move, with many considering legal challenges or retaliatory tariffs. Meanwhile, the US administration is preparing further actions. The Trade Representative’s office is investigating 16 countries for overcapacity in production, many of which supply most imports to the US. The outcomes could lead to additional tariffs later this year.

Public Procurement Process: Can Nepal Achieve Faster and More Effective Outcomes?

Kathmandu-Terai Fast Track

Delays in procurement and construction activities in Nepal have historically stemmed from certain public procurement arrangements, but authorities now claim these issues will be resolved.

Following key amendments to the Public Procurement Act, 2083, there is an expectation of accelerated work progress, according to the spokesperson of the Public Procurement Monitoring Office.

An official from the Nepal Constructors Association acknowledged the government’s efforts toward significant improvements compared to the past, but noted that sufficiently effective measures are still lacking.

Similarly, an expert has expressed concern that the changes introduced by the government to the procurement process might actually prolong the evaluation period.

Previously, public procurement was criticized for prioritizing the lowest price over quality.

Indian Social Activist Sonam Wangchuk Ends 26-Day Hunger Strike

Indian social activist Sonam Wangchuk has ended his 26-day hunger strike. He concluded his fast following an agreement reached in the presence of Union Ministers J.P. Nadda and Dr. Jitendra Singh. Wangchuk had expressed solidarity with the student movement protesting the leak of the NEET-UG question paper. Kathmandu, August 24.

Wangchuk announced the end of his hunger strike via the social media platform X. He stated that after lengthy discussions and reaching certain conditions, and considering the potential risk of violence in the country, the decision was made to end the strike. Earlier, 65 members of parliament from various political parties had written to him urging him to call off the hunger strike.

On X, Wangchuk wrote, “I will soon provide detailed information about the conditions through a dedicated video. Until then, I request everyone, wherever they are, to prevent any kind of violence and to remain highly vigilant on this matter.” Students have been demonstrating at Jantar Mantar in New Delhi for nearly a month, protesting the leak of the NEET-UG question paper related to medical education. The protesters are demanding the resignation of Union Education Minister Dharmendra Pradhan.

New Officials of the Electricity Regulatory Commission Take Oath

The new officials of the Electricity Regulatory Commission took their oath of office and secrecy on Thursday at the Ministry of Energy, Water Resources and Irrigation. Energy Minister Biraj Bhakta Shrestha instructed the commissioners to play an effective role in policy reforms, good governance, and increasing national electricity consumption. Dr. Ram Prasad Dhital, Chairman of the Commission, expressed commitment to strictly implementing government good governance standards and working result-oriented in coordination with the ministry. 7th Shrawan, Kathmandu.

On Thursday at the ministry, Energy, Water Resources and Irrigation Minister Biraj Bhakta Shrestha administered the oath to the Commission Chairman Dr. Ram Prasad Dhital and members Balram Silwal, Lokraj Pathak, and Jayraj Bhandari. Minister Shrestha directed the experienced officials to work on policy and structural reforms and assured full support from the ministry for the commission’s work.

The commission officials pledged to prioritize good governance in their work. Chairman Dhital stated that they will strictly implement the government’s good governance standards. He added that under the ministry’s guidance, they will perform regulatory roles and facilitate an increase in national electricity consumption.

Minister Shrestha noted that the commission should supervise the Department of Electricity Development (DOED) and Nepal Electricity Authority (NEA) under the ministry. He suggested monitoring the electricity authority’s procurement processes according to a set schedule. Minister Shrestha conveyed his expectation that the commission will lead governance reforms in energy-related bodies.

Smart Choice Technologies Achieves ISO/IEC 27001:2022 International Information Security Certification for 2022

Smart Choice Technologies has been awarded the ISO/IEC 27001:2022 certification for information security. This recognition confirms that the company’s information security system is effectively operated according to international standards. Chief Executive Officer Manoj Ghimire stated that this achievement reaffirms the organization’s commitment to strengthening the digital payment ecosystem. Kathmandu, 22 July – Smart Choice Technologies (SCT), a Payment System Operator (PSO) licensed by Nepal Rastra Bank, has obtained the prestigious international information security certification, ISO/IEC 27001:2022. According to the company, this certification validates that the Information Security Management System (ISMS) implemented at SCT is effectively maintained in compliance with global standards.

The organization has demonstrated adoption of high-level information security practices to ensure the confidentiality, integrity, and availability of data for its customers, member banks and financial institutions, payment service providers, partner organizations, and other stakeholders. Previously, SCT had already acquired PCI DSS Version 4.0.1 and PCI 3DS certifications in line with international card payment industry security standards. With the ISO/IEC 27001:2022 certification, the company’s commitment to information security, cybersecurity, risk management, and secure digital payment infrastructure is further reinforced.

The company noted that these certifications will confirm that SCT’s operational system meets international security standards, thereby enhancing trust among member banks, financial institutions, payment service providers, merchants, and users. On this occasion, SCT’s CEO Manoj Ghimire described the achievement of ISO/IEC 27001:2022 certification as a highly significant milestone. He said, “Along with previously obtained certifications such as PCI DSS 4.0.1 and PCI 3DS, this success strengthens our institution’s long-term dedication to information security.”

“Customer and stakeholder trust in digital payment systems is our most valuable asset,” he added, “Therefore, we are continuously committed to empowering Nepal’s digital payment ecosystem by providing secure, reliable, and innovative payment solutions in accordance with international standards.” SCT currently provides card switching, card processing, QR code payments, digital payment infrastructure, and various advanced payment services across the country through its member banks, financial institutions, payment service providers (PSPs), and other partners.

Manpower Entrepreneurs Give Government 15-Day Ultimatum to Address Demands

The Nepal Foreign Employment Entrepreneurs Association has issued a 15-day ultimatum to the government to address their demands. The association’s president, Dik Bahadur Khatri, has warned of a strong protest if the government does not facilitate easier pathways for foreign employment. Following action taken by the department against manpower companies, dissatisfied entrepreneurs have begun strategizing pressure tactics against the government. Kathmandu, 7th Saun.

In a special meeting, Khatri stated, “If the government does not make the process for foreign employment smoother, entrepreneurs and workers will join forces to launch a strong movement.” The unrest among entrepreneurs escalated after the Department of Foreign Employment penalized 598 manpower companies for sending workers to other countries via Indian airports. The entrepreneurs are demanding the withdrawal of these penalties and improved treatment toward their sector.

Khatri emphasized, “The government must understand the country’s real challenges and regulate the foreign employment sector effectively.” He warned that all workers currently in the final stages of foreign employment must be dispatched within the next 15 days, after which they will commence stringent protests. Although the association will not immediately engage in protests, they have announced the beginning of strategic preparations.

The association plans to start strategic actions from the following day, applying pressure on the government through media outlets, forming regional committees as needed, and conveying their demands from the grassroots level up to the parliament and government. Khatri added, “If the government ignores the entrepreneurs’ demands, the workers themselves will take to the streets.” He also urged entrepreneurs to unify and remain prepared.

Provision Extended to Renew Concessionary Loan Utilization Period Up to Five Years

The government has arranged to extend the utilization period of concessionary loans up to five years. Private housing construction loans up to NPR 500,000 will be made available for those affected by natural disasters. Banks and financial institutions will be allowed to charge only 1.5 percent above the base interest rate. July 23, Kathmandu.

The government has set up provisions allowing concessionary loans to be utilized easily for up to five years. If a borrower takes a concessionary loan for a period of three years and makes timely payments, the loan can be renewed or a new loan can be obtained to enjoy an additional two years of concession. The government, amending the Interest Subsidy Procedure, 2082, has added a provision that in the case of loan renewal for loans disbursed under the Unified Interest Subsidy Procedure, 2075, the subsidy will be available for up to five years from the date the subsidy began.

For private housing construction loans provided to natural disaster victims, if banks and financial institutions do not receive grants from the National Disaster Risk Reduction and Management Authority, they will be required to obtain a self-declaration from the borrower. According to the amended procedure, “If a borrower fails to make loan payments in any quarter due to situational reasons but clears the arrears in the next quarter and resumes regular payments, banks and financial institutions can request interest subsidies covering the entire period, provided they verify the situational reasons and proper utilization of the loan.”

Additionally, under the Unified Interest Subsidy Procedure, 2075, loans disbursed with related services and conditions are ensured subsidy support. As per the procedure, agricultural and livestock loans will be provided up to NPR 50 million, women entrepreneurship loans up to NPR 2.5 million, and youth self-employment loans for returnees from foreign employment up to NPR 2 million. These loans will be periodic in nature with installment-based repayments.