<p>The rescuers have recovered the bodies of all 22 people on board the Tara Air plane crash site that was found in the Mustang district of Nepal.&nbsp;The 22 people included 16 Nepalis, four Indians, two Germans, and three crew members.&nbsp;“All 22 bodies recovered from the crash site. The black box has also been retrieved and is being brought to the base station. By today afternoon we will try to bring everything to Kathmandu,” Deo Chandralal Karna, Deputy Director-General of CAAN told WION.&nbsp;</p>

<p>Earlier on Monday, out of the 21 recovered bodies, 10 were brought to the capital, Kathmandu.&nbsp;</p>

<p>"Due to the bad weather conditions, rescue operation was very difficult. We have almost 50-60 rescue workers on ground and three helicopters are stationed which are engaged in collecting the bodies from the crash site and bringing it to the base station which is 11,000 ft,” Tekanth Sitaula, Spokesperson at Tribhuvan International Airport told WION.&nbsp;</p>

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<p>“The site of the accident is located at 14,500 ft making the terrain sloppy. Despite the harsh weather conditions, rescuers were able to locate bodies,” he added.&nbsp;</p>

<p>After nearly 20 hours since the plane went missing, pieces of the wreckage of the passenger plane that crashed on Sunday morning were discovered at 14,500 feet in Sano Sware Bhir of Thasang in Mustang district in northwestern Nepal, according to the Nepal Army.&nbsp;</p>

<p>The plane was travelling from Pokhara to Jomsom, a major tourist destination in central Nepal.</p>

<p>Meanwhile, Prime Minister Sher Bahadur Deuba extended his heartfelt tribute to the deceased and expressed condolences to the families.&nbsp;</p>

<p><strong>Watch WION's live TV here:</strong></p>

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The rescuers have recovered the bodies of all 22 people on board the Tara Air plane crash site that was found in the Mustang district of Nepal. The 22 people included 16 Nepalis, four Indians, two Germans, and three crew members.

The rescuers have recovered the bodies of all 22 people on board the Tara Air plane crash site that was found in the Mustang district of Nepal. The 22 people included 16 Nepalis, four Indians, two Germans, and three crew members. “All 22 bodies recovered from the crash site. The black box has also been retrieved and is being brought to the base station. By today afternoon we will try to bring everything to Kathmandu,” Deo Chandralal Karna, Deputy Director-General of CAAN told WION. Earlier on Monday, out of the 21 recovered bodies, 10 were brought to the capital, Kathmandu. "Due to the bad weather conditions, rescue operation was very difficult. We have almost 50-60 rescue workers on ground and three helicopters are stationed which are engaged in collecting the bodies from the crash site and bringing it to the base station which is 11,000 ft,” Tekanth Sitaula, Spokesperson at Tribhuvan International Airport told WION. “The site of the accident is located at 14,500 ft making the terrain sloppy. Despite the harsh weather conditions, rescuers were able to locate bodies,” he added. After nearly 20 hours since the plane went missing, pieces of the wreckage of the passenger plane that crashed on Sunday morning were discovered at 14,500 feet in Sano Sware Bhir of Thasang in Mustang district in northwestern Nepal, according to the Nepal Army. The plane was travelling from Pokhara to Jomsom, a major tourist destination in central Nepal. Meanwhile, Prime Minister Sher Bahadur Deuba extended his heartfelt tribute to the deceased and expressed condolences to the families. Watch WION's live TV here: ×

Nepal plane crash: All 22 bodies of victims recovered

Rescuers have recovered all the bodies from the wreckage site of the Tara Air plane that crashed in Nepal’s mountainous Mustang district on Sunday with 22 persons on board, including four Indians.

Nepal plane crash kills all passengers on board, army recovers all bodies

Nepal has seen 27 air crashes in 30 years. The country has tough terrain, dated technology, and some of the narrowest landing strips in the World. Nepal's airlines also have poor safety and maintenance records. Palki Sharma brings you a report.

Gravitas: Nepal plane crash: A chequered aviation history

Nepal's Prime Minister Sher Bahadur Deuba raked up the border row with India, vowing to 'defend' all disputed territories. Why do Nepalese leaders act tough on India? How can India win Nepal over? Palki Sharma tells you.

Gravitas: Nepal PM vows to defend disputed territories

Nepal plane crash: Nepal Army recovers all bodies, 4 Indians were on board the plane

14 bodies have been recovered from the wreckage of the Nepal plane that went missing on Sunday. The plane's debris was found in Mustang during a search operation on Monday.

Nepal Plane Crash: 14 bodies recovered from wreckage of Tara Air plane in Mustang

The Nepali Army has managed to reach the wreckage of the Tara Air plane and has shared the first images from the site. The aircraft with 22 people including four Indians onboard went missing yesterday.

Nepal: Debris of crashed Tara Air plane found in Mustang

<p>Nepal's Tara Air's 9 NAET twin-engine aircraft, carrying 19 passengers, has lost contact and gone missing since Sunday morning (May 29), Nepal-based media outlet Kathmandu Post reported. The aircraft was flying from Pokhara to Jomsom at 9:55am (local time), the report added citing a Tara Air official.&nbsp;</p>

<p>Local media in Nepal reported that the missing aircraft was hosting four Indians and three Japanese nationals. The remaining were Nepali citizens. The aircraft had 22 people including the crew.&nbsp;</p>

<p>"The aircraft was seen over the sky of Jomsom in Mustang district and then had diverted to Mt. Dhaulagiri after which it hadn't come into contact," Chief District Officer Netra Prasad Sharma told India-based news agency ANI.&nbsp;</p>

<p>Narayan Silwal, a spokesperson for Nepali Army, said as quoted by ANI,&nbsp;"A Nepali Army Mi-17 helicopter has recently left for Lete, Mustang, which is the suspected crashed region of the missing Tara Air aircraft (with 22 onboard)."&nbsp;</p>

<p>Also,&nbsp;Phanindra Mani Pokharel, who is the spokesman at the Ministry of Home Affairs, said that two helicopters have been deployed for a search and rescue operation.&nbsp;</p>

<p>However, he further noted that the visibility was low. "The bad weather is likely to hamper the search operation. The visibility is so poor that nothing can be seen," Pokharel told AFP.&nbsp;</p>

<p>Jomsom is a popular trekking destination in the Himalayas about 20 minutes by plane from Pokhara, which lies west of Kathmandu.&nbsp;</p>

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<p dir="ltr" lang="en">Nepal | Tara Air's 9 NAET twin-engine aircraft carrying 19 passengers, flying from Pokhara to Jomsom at 9:55am, has lost contact: Airport authorities</p>
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Nepal's Tara Air's 9 NAET twin-engine aircraft, carrying 19 passengers, has lost contact and gone missing since Sunday morning (May 29), Nepal-based media outlet Kathmandu Post reported.

Nepal's Tara Air's 9 NAET twin-engine aircraft, carrying 19 passengers, has lost contact and gone missing since Sunday morning (May 29), Nepal-based media outlet Kathmandu Post reported. The aircraft was flying from Pokhara to Jomsom at 9:55am (local time), the report added citing a Tara Air official. Local media in Nepal reported that the missing aircraft was hosting four Indians and three Japanese nationals. The remaining were Nepali citizens. The aircraft had 22 people including the crew. "The aircraft was seen over the sky of Jomsom in Mustang district and then had diverted to Mt. Dhaulagiri after which it hadn't come into contact," Chief District Officer Netra Prasad Sharma told India-based news agency ANI. Narayan Silwal, a spokesperson for Nepali Army, said as quoted by ANI, "A Nepali Army Mi-17 helicopter has recently left for Lete, Mustang, which is the suspected crashed region of the missing Tara Air aircraft (with 22 onboard)." Also, Phanindra Mani Pokharel, who is the spokesman at the Ministry of Home Affairs, said that two helicopters have been deployed for a search and rescue operation. However, he further noted that the visibility was low. "The bad weather is likely to hamper the search operation. The visibility is so poor that nothing can be seen," Pokharel told AFP. Jomsom is a popular trekking destination in the Himalayas about 20 minutes by plane from Pokhara, which lies west of Kathmandu. Nepal | Tara Air's 9 NAET twin-engine aircraft carrying 19 passengers, flying from Pokhara to Jomsom at 9:55am, has lost contact: Airport authorities — ANI (@ANI) May 29, 2022 × More to follow... WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Nepal: Tara Air's aircraft carrying 19 passengers, including several Indians, goes missing - Report

Nepal reignites tensions with its neighboring nation India over tri-junction territory near the Indian border. Nepal PM Sher Bahadur Deuba claims Limpiyadhura, Lipulekh & Kalapani regions and says the country is ready to defend its territories

India-Nepal border dispute: Nepal PM Deuba claims Tri-Junction part of Nepal

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<p>Nepal Army on Sunday launched a search operation for a Tara Air plane carrying 22 passengers, including three crew members and four Indians, from Nepal's Pokhara to Jomsom in Mustang district adjoining Tibet that went missing earlier in the day.&nbsp;</p>

<p>"A Nepali Army Mi-17 helicopter has been deployed at Lete, Mustang, which is the suspected crashed region of the missing Tara Air aircraft. In addition, ground troops have also been deployed for the search operations," a spokesperson of the Nepali Army Narayan Silwal told WION.&nbsp;</p>

<p>As per the Civil Aviation Authority, the flight from Pokhara left at 9:55 AM for Jomsom with 19 passengers and 3 crew members on board. The aircraft lost contact with Jomsom tower at 10:07 AM after reporting Ghorepani.</p>

<p>"Following which rescue helicopters from the Nepali Army and Fish Tail Air were deployed but returned back to Jomsom because of bad visibility in the mountains," Aviation Authority said in a statement.&nbsp;</p>

<p>Besides, the aircraft was carrying, 13 Nepalis and 2 Germans.&nbsp;</p>

<p>As more helicopters&nbsp;are on standby at Kathmandu, Pokhara, and Jomsom airports for search and rescue operations, the Nepal Army and Nepal Police have also departed for the search and rescue operation by air.&nbsp;</p>

<p>"The airport authorities tried connecting with the pilot’s phone and is ringing and based on this they are trying to locate the plane. However, it is uncertain if we will get the accuracy of the location," the Information officer of Pokhara Airport, Deva Raj Subedi told WION.&nbsp;</p>

<p>The search operation by the Nepali Army and Nepal Police is underway.&nbsp;</p>

<p>The Indian Embassy in Kathmandu said that the search and rescue operations were underway and that it is in touch with the families of Indian passengers on board. An emergency hotline number (<strong>+977-9851107021)&nbsp;</strong>was provided by the embassy for more information on the incident.</p>

<p>According to Nepal’s standards of air safety, the Pokhara-Jomsom route is regarded as being one of the most accident-prone even in good weather.</p>

<p>Jomsom lies on the arid north side of the Himalayas and has operations only in the mornings because of high winds and cloud build-up during the course of the day. The Jomsom airport is the gateway for tourists visiting Nepal’s Mustang District, and also for Hindu and Buddhist pilgrims going to the sacred shrine at Muktinath.</p>


Nepal Army on Sunday launched a search operation for a Tara Air plane carrying 22 passengers, including three crew members and four Indians, from Nepal's Pokhara to Jomsom in Mustang district adjoining Tibet that went missing earlier in the day.

Nepal Army on Sunday launched a search operation for a Tara Air plane carrying 22 passengers, including three crew members and four Indians, from Nepal's Pokhara to Jomsom in Mustang district adjoining Tibet that went missing earlier in the day. "A Nepali Army Mi-17 helicopter has been deployed at Lete, Mustang, which is the suspected crashed region of the missing Tara Air aircraft. In addition, ground troops have also been deployed for the search operations," a spokesperson of the Nepali Army Narayan Silwal told WION. As per the Civil Aviation Authority, the flight from Pokhara left at 9:55 AM for Jomsom with 19 passengers and 3 crew members on board. The aircraft lost contact with Jomsom tower at 10:07 AM after reporting Ghorepani. "Following which rescue helicopters from the Nepali Army and Fish Tail Air were deployed but returned back to Jomsom because of bad visibility in the mountains," Aviation Authority said in a statement. Besides, the aircraft was carrying, 13 Nepalis and 2 Germans. As more helicopters are on standby at Kathmandu, Pokhara, and Jomsom airports for search and rescue operations, the Nepal Army and Nepal Police have also departed for the search and rescue operation by air. "The airport authorities tried connecting with the pilot’s phone and is ringing and based on this they are trying to locate the plane. However, it is uncertain if we will get the accuracy of the location," the Information officer of Pokhara Airport, Deva Raj Subedi told WION. The search operation by the Nepali Army and Nepal Police is underway. The Indian Embassy in Kathmandu said that the search and rescue operations were underway and that it is in touch with the families of Indian passengers on board. An emergency hotline number (+977-9851107021) was provided by the embassy for more information on the incident. According to Nepal’s standards of air safety, the Pokhara-Jomsom route is regarded as being one of the most accident-prone even in good weather. Jomsom lies on the arid north side of the Himalayas and has operations only in the mornings because of high winds and cloud build-up during the course of the day. The Jomsom airport is the gateway for tourists visiting Nepal’s Mustang District, and also for Hindu and Buddhist pilgrims going to the sacred shrine at Muktinath.

Nepal Army launches search operation of missing flight with 22 onboard

In Nepal, a flight carrying about 19 passengers that was en route to Jomson has reportedly lost contact and has gone off the radar. The flight was carrying four Indian nationals and three Japanese nationals.

Nepal flight carrying 22 passengers, including 4 Indians, 3 Japanese loses contact with authorities

Indian Prime Minister Narendra Modi all set to travel to Nepal today to pay a visit to the Lumbini on the occasion of Buddha Purnima, this will be Prime Minister Modi's fifth visit to Nepal since assuming the post in 2014.

Nepal's Lumbini gears up for Indian PM Narendra Modi's visit

Indian Prime Minister in Lumbini in Nepal happens to be a very close ally of India with which it shares historical and cultural linkages. This is an equation that goes back thousands of years and this is what the Indian Prime Minister is there to strengthen further.

Indian PM Narendra Modi arrives in Lumbini,  receives warm welcome from Nepal PM Deuba

An economic crisis is brewing in Nepal. India's neighbour is currently witnessing massive surge in its import rate and a depleting foreign reserve. WION's Saloni Murarka had an exclusive conversation with Nepalese finance minister Janardan Sharma, who spoke about the current economic situation in the country.

WION Exclusive: Nepal's foreign reserve will only last 6-7 months, says Janardan Sharma

Indian Prime Minister Narendra Modi and Nepalese PM Sher Bahadur Deuba Monday held bilateral talks in Lumbini after laying the foundation stone of the India International Centre for Buddhist Culture and Heritage.

Indian PM Narendra Modi and Nepal PM Sher Bahadur Deuba hold bilateral talks at Lumbini

Indian Prime Minister Narendra Modi held bilateral talks with his Nepalese counterpart Sher Bahadur Deuba in Lumbini. Both leaders discussed ways to strengthen ongoing cooperation and develop new areas in the multifaceted bilateral partnership.

Indian PM Modi holds bilateral talks with his Nepalese counterpart Deuba in Lumbini

Indian PM Narendra Modi has embarked on to Nepal's Lumbini on the occasion of Buddha Purnima. He is all set to address a special event there. He also attended a special prayer at Maya Devi temple.

Indian PM Narendra Modi attends a special prayer at Maya Devi temple during his Nepal visit

Indian PM Narendra Modi is all set to embark on a Nepal visit. During his visit, he will address the Buddha Jayanti event in Lumbini. He will also meet with his Nepalese counterpart.

Indian PM Narendra Modi's Nepal visit: PM to address Buddha Jayanti event in Lumbini

Indian PM Modi's Nepal visit: PM to address Buddha Jayanti event in Lumbini

Indian PM Narendra Modi to visit Nepal's Lumbini for Buddha Purnima

Indian PM Modi's Nepal visit: Leaders to discuss bilateral issues

<p>Indian Prime Minister Narendra Modi is due to visit Lumbini, the birthplace of Lord Buddha in Nepal, on May 16. The visit is coming on the occasion of Buddha Purnima. PM Modi will offer prayers at the sacred Mayadevi temple. He will also participate in the foundation laying ceremony of Centre for Buddhist Culture and Heritage. The centre is being built with India's assistance.</p>

<p>To welcome PM Modi, hoardings have been put up all along the highway leading to Lumbini. PM Modi will meet his Nepali counterpart PM Sher Bahadur Deuba at Lumbini. The two will have bilateral talks.</p>

<p>Nepal has always been a very high priority for PM Modi. This will be Prime Minister`s fifth visit to Nepal since 2014. PM Modi`s visit to Nepal comes at a time when the geopolitical dynamics are rapidly changing and even Kathmandu has witnessed a division of opinion on issues Belt and Road Initiative (BRI).</p>

<p>Nevertheless, the visit offers an immense opportunity for Nepal. With tourism being the mainstay of the Nepalese economy, religious tourists are the main contributors to the hilly nation`s industry. Not only has it generated thousands of jobs, but has also promoted Nepalese culture, lifestyle and traditions. Nepal has a lot to offer to tourists, from the high Himalayas to the jungles of the Tarai plains teeming with wildlife, and from the scenic grandeur of its rolling hills to the rich cultural heritage of its inhabitants.&nbsp;</p>

<p>Yet tourism has not been able to make a sizeable contribution to its gross domestic product (GDP). As against Nepal, Tanzania, for instance, draws tourists in much greater numbers to its game safaris and Mount Kilimanjaro, raking in a remarkable USD 2.5 billion annually.India is making a significant investment in infrastructure to implement the Buddhist religious circuit. Investment is directed towards connectivity, addressing the paucity of hotels and also issues of cleanliness and safety, as well as creating amenities along the stretch of the transnational circuit.</p>

<p>There is a lot of room for greater cooperation between India and Nepal in promotion, marketting and capacity building in the tourism industry.</p>

<p>This may require setting common tourism standards and the formulation of a common marketing strategy such as the creation of a brand, to develop a common website for promotion etc.Hence the interdependence between India and Nepal for religious tourism through the transnational Buddhist circuit will be a driver not only for economic growth but also for bilateral relations.</p>

<p><em>(With inputs from agencies)</em></p>

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Indian Prime Minister Narendra Modi is due to visit Lumbini, the birthplace of Lord Buddha in Nepal, on May 16. The visit is coming on the occasion of Buddha Purnima.

Indian Prime Minister Narendra Modi is due to visit Lumbini, the birthplace of Lord Buddha in Nepal, on May 16. The visit is coming on the occasion of Buddha Purnima. PM Modi will offer prayers at the sacred Mayadevi temple. He will also participate in the foundation laying ceremony of Centre for Buddhist Culture and Heritage. The centre is being built with India's assistance. To welcome PM Modi, hoardings have been put up all along the highway leading to Lumbini. PM Modi will meet his Nepali counterpart PM Sher Bahadur Deuba at Lumbini. The two will have bilateral talks. Nepal has always been a very high priority for PM Modi. This will be Prime Minister`s fifth visit to Nepal since 2014. PM Modi`s visit to Nepal comes at a time when the geopolitical dynamics are rapidly changing and even Kathmandu has witnessed a division of opinion on issues Belt and Road Initiative (BRI). Nevertheless, the visit offers an immense opportunity for Nepal. With tourism being the mainstay of the Nepalese economy, religious tourists are the main contributors to the hilly nation`s industry. Not only has it generated thousands of jobs, but has also promoted Nepalese culture, lifestyle and traditions. Nepal has a lot to offer to tourists, from the high Himalayas to the jungles of the Tarai plains teeming with wildlife, and from the scenic grandeur of its rolling hills to the rich cultural heritage of its inhabitants. Yet tourism has not been able to make a sizeable contribution to its gross domestic product (GDP). As against Nepal, Tanzania, for instance, draws tourists in much greater numbers to its game safaris and Mount Kilimanjaro, raking in a remarkable USD 2.5 billion annually.India is making a significant investment in infrastructure to implement the Buddhist religious circuit. Investment is directed towards connectivity, addressing the paucity of hotels and also issues of cleanliness and safety, as well as creating amenities along the stretch of the transnational circuit. There is a lot of room for greater cooperation between India and Nepal in promotion, marketting and capacity building in the tourism industry. This may require setting common tourism standards and the formulation of a common marketing strategy such as the creation of a brand, to develop a common website for promotion etc.Hence the interdependence between India and Nepal for religious tourism through the transnational Buddhist circuit will be a driver not only for economic growth but also for bilateral relations. (With inputs from agencies) WATCH WION LIVE HERE ×

Nepal: Preparations on in Lumbini ahead of PM Modi's visit

PM Narendra Modi to meet his Nepalese counterpart during his Nepal visit on Buddha Jayanti

Nepal was once the cannabis capital of the world, attracting thousands of high-seeking Westerners. The booming industry was banned after America declared a war on drugs. Decades later, Nepal is rethinking the cannabis ban. Mariam Wardak gets you a report.

South Asia Diary: Nepal rethinks cannabis ban

<p>An Indian climber has died in Nepal, expedition organisers said on Friday, as per media reports. &nbsp;&nbsp;</p>

<p>The 52-year-old mountaineer, Narayanan Iyer, died on Thursday at an altitude of 8,200 metres (26,900 feet). He was near the summit of the world's third-highest peak, Mount Kanchenjunga. &nbsp;</p>

<p>This is the third fatality of this year's Himalayan spring climbing season. &nbsp;&nbsp;</p>

<p><strong>Also Read:&nbsp;<a href="https://www.wionews.com/world/after-3-years-jet-airways-conducts-first-test-flight-in-hyderabad-476761" hreflang="en">After 3 years, Jet Airways conducts first test flight in Hyderabad</a></strong></p>

<p>"He was slower than others and we had two guides to assist him. He was very exhausted, couldn't continue and collapsed," Nivesh Karki of expedition company, Pioneer Adventure, told AFP. &nbsp;</p>

<p>The family of Iyer has been informed, Karki said. The company is also working out details to ensure the recovery of his body. &nbsp;</p>

<p>Around 68 permits have been issued by Nepal to foreign climbers for Kanchenjunga this season. The peak is at a height of 8,586-metre (28,169-foot). Several people reached the summit on Thursday. &nbsp;</p>

<p><strong>Watch | Coronavirus latest news updates: India objects to WHO's mathematics model</strong></p>

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<p>Last month, a Greek climber had died on Dhaulagiri peak after falling ill. A few days later, a Nepali climber was found dead on Mount Everest. &nbsp;</p>

<p>The permits have already been issued to 918 mountaineers by government of Nepal for the season. It includes 316 for Mount Everest. &nbsp;&nbsp;</p>

<p>As Nepal is home to eight of the world's highest peaks, numerous adventurers visit it during the spring climbing season when the temperatures are warm. &nbsp;&nbsp;</p>

<p><strong>WATCH WION LIVE HERE</strong></p>

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<p><em>(With inputs from agencies)&nbsp;</em></p>


An Indian climber has died in Nepal, expedition organisers said on Friday, as per media reports. The 52-year-old mountaineer, Narayanan Iyer, died on Thursday at an altitude of 8,200 metres (26,900 feet).

An Indian climber has died in Nepal, expedition organisers said on Friday, as per media reports. The 52-year-old mountaineer, Narayanan Iyer, died on Thursday at an altitude of 8,200 metres (26,900 feet). He was near the summit of the world's third-highest peak, Mount Kanchenjunga. This is the third fatality of this year's Himalayan spring climbing season. Also Read: After 3 years, Jet Airways conducts first test flight in Hyderabad "He was slower than others and we had two guides to assist him. He was very exhausted, couldn't continue and collapsed," Nivesh Karki of expedition company, Pioneer Adventure, told AFP. The family of Iyer has been informed, Karki said. The company is also working out details to ensure the recovery of his body. Around 68 permits have been issued by Nepal to foreign climbers for Kanchenjunga this season. The peak is at a height of 8,586-metre (28,169-foot). Several people reached the summit on Thursday. Watch | Coronavirus latest news updates: India objects to WHO's mathematics model × Last month, a Greek climber had died on Dhaulagiri peak after falling ill. A few days later, a Nepali climber was found dead on Mount Everest. The permits have already been issued to 918 mountaineers by government of Nepal for the season. It includes 316 for Mount Everest. As Nepal is home to eight of the world's highest peaks, numerous adventurers visit it during the spring climbing season when the temperatures are warm. WATCH WION LIVE HERE (With inputs from agencies)

52-year-old Indian mountaineer dies on Mount Kanchenjunga in Nepal  

Nepal has banned the import of 10 luxury and non-essential goods to save foreign exchange. Nepal has enough forex to cover exports for 6 months. What led to this looming crisis? Is Nepal going the Sri Lanka way? Mariam Wardak tells you.

South Asia Diary | Is Nepal going the Sri Lanka way?

The big question remains is Nepal also going to Sri Lanka way? This after the Himalayan nation banned the import of luxury goods to avert forex crisis.

Nepal bans import of luxurious items as foreign exchange reserves decline

Nepal has banned the import of 10 luxury and non-essential goods to conserve foreign exchange. The pandemic, followed by the rising oil prices, has drained the Nepalese reserves by 18%. Palki Sharma Upadhyay tells you if Nepal could be the next Sri Lanka.

Gravitas: Is Nepal going the Sri Lanka way?

Visitors trickle back, but climbing mecca Nepal seeks more - see pics

Nepal is reeling under an economic crisis. Its forex reserves are running dry. In the latest, Nepal banned the import of luxury goods.

The economic crisis brews in Nepal as it bans the import of luxury goods

<p>The Nepal government on Tuesday imposed a ban on the import of 10 luxurious goods to ease the crisis of depleting foreign exchange reserves.</p>

<p>In the notice, the Ministry of Industry, Commerce and Supplies said the ban will not apply to those who have completed the banking process before April 30.&nbsp;</p>

<p>The ban has come into effect starting Tuesday and will last until mid-July 2022, the end of the current fiscal year.&nbsp;</p>

<p>As per the notice, cigarettes and tobacco-related products, diamonds have been banned.&nbsp;</p>

<p>Additionally, mobile phone sets, TVs with screens bigger than 32 inches, automobiles like jeeps, cars, vans except for ambulances and hearses, and motorcycles above 250cc are also banned.&nbsp;</p>

<p>Import of toys, alcohol, playing cards and snacks like Lays and Kurkure have also been prohibited.&nbsp;</p>

<p>According to Nepal Rastra Bank statistics, during the eight months of 2021-22, imports increased 38.6 per cent to Rs1.30 trillion compared to an increase of 2.1 per cent a year ago.&nbsp;</p>

<p>The current account deficit remained at Rs.462.93 billion compared to Rs.151.42 billion in the corresponding period of the previous year.&nbsp;</p>

<p><strong>Watch |&nbsp;Low tourism in Nepal during COVID impacts foreign exchange</strong></p>

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<p>The gross foreign exchange reserves also decreased by16.3 per cent to Rs.1171 billion in mid-March 2022 from Rs.1399.03 billion in mid-July 2021.&nbsp;</p>

<p>“In the US dollar terms, the gross foreign exchange reserves decreased 18.5 per cent to 9.58 billion in mid-March 2022 from 11.75 billion in mid-July 2021,” according to the central bank.&nbsp;</p>

<p>The balance of payments (BOP) remained at a deficit of Rs258.64 billion in the review period against a surplus of Rs.68.01 billion in the same period of the previous year.</p>

<p>Earlier, the government had imposed restrictions on the import of other luxury items.&nbsp;</p>

<p>Following this, the traders were told to keep a 100 per cent margin amount to open a letter of credit to import alcoholic drinks, tobacco, silver, furniture, sugar and others.&nbsp;</p>

<p>Nepal heavily relies on remittances, which have also decreased by 3 per cent.</p>

<p>At the same time, the year-no-year consumer price inflation stood at 7.14 per cent in the eighth month of 2021-22 compared to 3.03 per cent a year ago.</p>

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The Nepal government on Tuesday imposed a ban on the import of 10 luxurious goods to ease the crisis of depleting foreign exchange reserves. In the notice, the Ministry of Industry, Commerce and Supplies said the ban will not apply to those who have completed the banking process before April 30.

The Nepal government on Tuesday imposed a ban on the import of 10 luxurious goods to ease the crisis of depleting foreign exchange reserves. In the notice, the Ministry of Industry, Commerce and Supplies said the ban will not apply to those who have completed the banking process before April 30. The ban has come into effect starting Tuesday and will last until mid-July 2022, the end of the current fiscal year. As per the notice, cigarettes and tobacco-related products, diamonds have been banned. Additionally, mobile phone sets, TVs with screens bigger than 32 inches, automobiles like jeeps, cars, vans except for ambulances and hearses, and motorcycles above 250cc are also banned. Import of toys, alcohol, playing cards and snacks like Lays and Kurkure have also been prohibited. According to Nepal Rastra Bank statistics, during the eight months of 2021-22, imports increased 38.6 per cent to Rs1.30 trillion compared to an increase of 2.1 per cent a year ago. The current account deficit remained at Rs.462.93 billion compared to Rs.151.42 billion in the corresponding period of the previous year. Watch | Low tourism in Nepal during COVID impacts foreign exchange The gross foreign exchange reserves also decreased by16.3 per cent to Rs.1171 billion in mid-March 2022 from Rs.1399.03 billion in mid-July 2021. “In the US dollar terms, the gross foreign exchange reserves decreased 18.5 per cent to 9.58 billion in mid-March 2022 from 11.75 billion in mid-July 2021,” according to the central bank. The balance of payments (BOP) remained at a deficit of Rs258.64 billion in the review period against a surplus of Rs.68.01 billion in the same period of the previous year. Earlier, the government had imposed restrictions on the import of other luxury items. Following this, the traders were told to keep a 100 per cent margin amount to open a letter of credit to import alcoholic drinks, tobacco, silver, furniture, sugar and others. Nepal heavily relies on remittances, which have also decreased by 3 per cent. At the same time, the year-no-year consumer price inflation stood at 7.14 per cent in the eighth month of 2021-22 compared to 3.03 per cent a year ago. WATCH WION LIVE HERE

Nepal bans import of luxury items amid depleting forex reserves

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