Gender equality has become a challenge in Nepal due to several sociocultural factors. Adhikari R and Sharma J (2022) write in European Bulletin of Himalayan Resource that (in Nepal), women are stereotypically represented as vulnerable, uneducated, or less educated Third World women. The social and political system of Nepal dominated by a patriarchal structure and rooted caste-based hierarchy system has a crucial role in this. Harmful traditional practices (HTPs) such as Chhaupadi, caste-based discrimination, witchcraft accusations, child marriage, dowry and persecution are root causes behind domestic violence and gender inequality. The United Nations (UN) and the Nepal Administrative Staff College (NASC) define gender as the set of characteristics, social roles, responsibilities, power relations, identities and behavior patterns that distinguish women from men, which are constructed socially and culturally. Sex refers to the biological and physiological differences between males, females and intersex (reproductive differences based on genitalia, chromosomes and hormones) as determined by nature. It is universal and unchangeable. In short, sex refers to biological, born with, not changeable, and gender refers to socially constructed, not born with, changeable. The International Organization for Migration states that, in Nepal only 22.9 percent of working-age women are in some form of employment compared to 48 percent of men. A UN Women report states that in 2021, only 13 percent of women were in managerial positions in Nepal whereas 22.9 percent of working-age women were engaged in minimum level of employment in comparison with men (employed at 48 percent). It states further that one-third of girls are still married before 18, and the highest rate of polygynous marriage is found in Bagmati Province (at 3.7 percent).  Nepal Police records for the year 2020-21 show that 4222 men committed suicide compared to 2919 women, probably pointing toward the effect of toxic masculinity and social pressure. It’s been 23 years since Nepal signed and ratified the United Nations Convention on the Elimination of All Forms of Discrimination against Women (UN CEDAW), but gender equality is still a far cry in the country, notwithstanding some improvements at the institutional level. For example, the Constitution of Nepal 2015 has inclusion as a key feature. Formulation and implementation of other relevant acts and policies has increased women’s representation in the parliament to nearly 40 percent.  There are two primary aspects to gender equality: a) human right or institutional perspective b) social or religious perspective.  The social-religious perspective is more relative and contextual as it influences the entire society and institutions to build a system to be continued for development as a process.  The Global Gender Gap Report 2024 from the World Economic Forum reveals that Iceland, Finland and Norway are the top three countries in terms of gender equality, each achieving a score exceeding 87 percent. This improvement is primarily attributed to a positive shift in the personal attitudes and behaviours of individuals, particularly among men toward women; however, the percentage of women in political representation remains around 44-46 percent. According to this report, Rwanda is in the 39th position with women making up 63.8 percent of parliamentary representatives (55 percent of cabinet members are women) and four out of seven judges in the Supreme Court are women. Nepal ranks 117th out of 146 countries in gender equality with a gender inequality index score of 0.661. This shows that measures like formulation of policies and inclusion of women in top leadership positions roles may not be enough to ensure meaningful inclusion and equality in society. In the pursuit of inclusion, many countries exhibit tokenism driven by superficial advocacy and promotional efforts. In reality, true inclusion and equality stem from recognizing the inherent worth and resilience of every individual while embracing diversity with an open mind and a genuine commitment to education that translates knowledge into meaningful action. In order to transform a patriarchal society into a gender-equal society, we must begin by giving boys and girls equal rights in ancestral property apart from empowering women with targeted programs and ensuring balance in power dynamics through affirmative actions for proportionate inclusion and meaningful participation of every woman in the system and structures. The author is a Disability Inclusion Advisor at the United Mission to Nepal 

The banking sector in Nepal is currently grappling with a multitude of challenges that have far-reaching implications for the economy. One of the most significant issues is a marked decline in dividend distribution. Historically, banks in Nepal were able to deliver a hefty number of dividends. However, in the last fiscal year, many institutions struggled to provide even a 10 percent dividend, with the sector-wide average falling below five percent. This decline has eroded investor confidence, prompting large investment groups to reconsider their stakes in the sector. The shrinking returns on both capital gains and dividends have exacerbated this hesitancy, underscoring the urgent need for reforms to restore trust and stability. The decrease in dividend capacity is not a result of NRB policies but stems from the individual banks’ operational challenges. Efficient banks have still been able to distribute dividends, with some banks providing dividends of up to 26 percent, while others have not been able to do so. The banking sector’s struggles are primarily driven by external pressures, including market rumors, which have hindered the functioning of lower-level bank branches. This external pressure has added complexities to the financial ecosystem, and despite the solid capital base of the banks, non-performing loans have risen. Regulatory changes, particularly the proposed amendments to the Bank and Financial Institutions Act (BAFIA), have further complicated the situation. A contentious provision restricting shareholders who hold more than one percent of a bank’s shares from obtaining loans from other financial institutions has raised concerns among stakeholders. Historically, industrialists have played a pivotal role in establishing banks, but such measures could compel them to liquidate shares or settle loans, leading to market instability. These regulatory changes, coupled with declining demand and operational strain, have stifled the sector’s growth potential. In this context, the Nepal Rastra Bank (NRB) has introduced provisions designed to protect the financial system and avoid a panic scenario. These measures are meant to ensure stability without stifling the long-term viability of the sector. Economic downturns have also driven a sharp increase in non-performing assets (NPAs), a critical metric for assessing financial health. The average NPA ratio has risen from 1.67 percent two years ago to approximately 4.5 percent, with some ‘C’ category financial institutions reporting NPAs exceeding 10 percent. Even with loan restructuring facilities, NPAs remain near five percent, posing a significant threat to the sector’s stability and the broader economy. Weak loan demand and structural challenges continue to compound these risks, further destabilizing the financial system. This reflects the broader macroeconomic challenges, as well as the unique pressures faced by the banking sector. The NRB recognizes these challenges and has been working on regulatory frameworks that aim to ensure the resilience of the banking system. While some banks have faced difficulties in profitability, it is essential to note that the NRB’s measures are intended to safeguard the sector, providing the necessary framework for long-term stability. For instance, while external issues have raised questions about profitability, it is clear that banks cannot operate without profitability, and returns on capital investments are critical for sustained operations. The NRB's efforts are geared toward ensuring that the banks remain operational and sustainable, even amid a challenging environment. Profitability in the banking sector has significantly declined. The return on equity (ROE), a key indicator of financial performance, fell from 21.94 percent in FY 2021-22 to just 4.80 percent in FY 2023-24. Reduced net interest income, weak loan demand and regulatory constraints on fee and commission income have collectively strained earnings. Operational costs, particularly investments in IT infrastructure and compliance, have added to these pressures. While banks like Standard Chartered Bank and Everest Bank reported relatively higher ROEs, others, such as Nepal Bank, struggled to remain profitable. Despite these challenges, NRB’s approach to banking supervision is aimed at creating a balanced environment where the banks are supported through difficult periods without compromising the sector’s financial health. Credit expansion has been stagnant these days mainly due to the lack of demand. A mismatch between liquidity and demand further compounds the problem, leaving banks with substantial liquidity but limited opportunities for productive lending. This scenario underscores the need for a balanced regulatory framework that promotes both stability and growth. While the NRB’s policies may limit some aspects of banking operations, they are designed with the long-term health of the sector in mind, ensuring the banking system remains solvent and resilient even during challenging periods. Nepal’s broader economic structure adds another layer of complexity. The government faces a revenue deficit of Rs 170bn, low capital expenditure and high recurrent costs, all of which highlight fiscal imbalances. Federalism has introduced additional financial burdens without commensurate resources for development. High debt-servicing obligations strain the budget further, forcing the government to issue treasury bills even for routine expenditures. Stagnation in the real estate sector and declining investor morale exacerbate these economic pressures, highlighting the need for systemic reforms. Leadership in the banking sector is undergoing significant changes. Younger leaders, often with decades of experience, are driving digital transformation and operational efficiency. At leading banks, approximately 80 percent of transactions are now digital, enhancing customer satisfaction and streamlining operations. However, aggressive lending strategies aimed at stimulating loan growth have often compromised profitability. A more sustainable approach that aligns banking operations with national development goals, such as job creation and productive investments, is essential for long-term stability. While some macroeconomic indicators provide grounds for cautious optimism, the persistent lack of credit demand in productive sectors remains a concern. Stabilized foreign exchange reserves and declining interest rates offer a foundation for recovery. However, a comprehensive review of federalism’s fiscal structure, along with targeted expenditure cuts, is critical to avoid a potential debt trap. Transparent collaboration between the private sector and the state can help restore confidence and drive economic recovery. To address these challenges, a multi-faceted approach is essential. Regulatory frameworks should be revised to strike a balance between stability and growth. Encouraging productive lending and reducing excessive constraints can create a more conducive environment for banking operations. Establishing high-level commissions to address systemic issues and promote transparent collaboration between the private sector and the state is crucial. Additionally, investments in technology and innovation will enhance operational efficiency and customer satisfaction. The NRB’s policies are continually evolving to ensure the stability of the banking sector while navigating the external challenges it faces. The regulator remains committed to safeguarding the financial system’s integrity, ensuring that both stability and growth can coexist in the long term. Banks are expected to adapt to the changing economic landscape while continuing to contribute to national development. The NRB’s framework aims to foster a balance between operational efficiency, profitability and financial stability, ultimately enabling the banking sector to thrive in challenging economic times. In a nutshell, while the banking sector in Nepal faces significant challenges, a concerted effort to implement targeted reforms and foster collaboration between stakeholders can pave the way for recovery and growth. By addressing structural inefficiencies and focusing on sustainable practices, the sector can overcome current adversities and emerge as a cornerstone of Nepal’s economic stability and progress. The path forward requires bold decisions, innovative solutions and a collective commitment to building a robust and resilient financial system that supports the nation’s aspirations for sustainable development. The author is deputy director at Nepal Rastra Bank

“The festival of Makar Sankranti traditionally coincides with the beginning of the Sun’s northward journey (the Uttarayan) when it enters the sign of Makar (the Capricorn). It falls on the 14th of January every year according to the Solar Calendar. This day has a very special significance because the day and night on Makar Sankranti are exactly of equal hours. It is celebrated as a festival right from the times of the Aryans and is looked upon as the most auspicious day by the Hindus,” according to PK Das’ ‘Hindu Feasts And Festivals: Makar Sankranti’. Madhes is a legendary land of fairs and festivals. There is a festival which falls every month of the year. Most of these festivals are related to gods and goddesses. Makar Sankranti is a unique festival because it is not associated with any god and goddess. It is not even related to a local deity. But it is somewhat related to the sun god visible all over the world. It is celebrated on the first day of the month of Magh according to the Bikram era. It falls in the winter season in which the earth reaches the southernmost point and starts returning to the northern hemisphere. The people of Madhes celebrate it for bright, beautiful and sunny days because there is a shivering cold at that time of the year. So they worship the sun god after immersing themselves in a water body. People dare to dive into the cold water of any river and pond and pool for a ceremonial bath. Bath is compulsory on this occasion for purification of body and mind. So they go to the confluence of rivers for a sacred bath.  Either they go to the Kankai river which is popularly known as Maibeni Mela or Narayanghat where three rivers like Narayani, Seti and Gandaki meet. There they take a customary dip in the river to purify themselves.  Days get warmer and warmer from this auspicious day. A great poet of English literature, PB Shelly is quite right when he says, “If winter comes, can spring be far behind?” So, people are hopeful of winter coming to an end soon. Lazy people also feel enthusiastic, spirited and strong on this day. The message of the Makar Sankranti is to enliven and encourage the lazy and lethargic souls. After taking a bath in a nearby river, they pray to the sun for better health and after coming back home they also seek blessings from elders. After taking bath early in the morning, people of Mithila eat Khichadi (a mixture of rice and lentils) with pure ghee which is available in their sweet homes. They eat delicious dishes to beat this shivering cold of Magh. This festival is called ‘Tila Sankranti’ in the Maithili speaking area and Khichadi in the Bhojpuri-speaking area. This festival represents Makar (Capricorn), the tenth sign of the Zodiac. Thus according to the Hindu scriptures the first day of Magh is observed as Makar Sankranti. The month of Magh is considered as a merrymaking month. The month of Poush is considered inauspicious whereas Magh is considered auspicious. Some religious people start bathing the whole month early in the morning, though it is very cold in the morning hours. Even idle and sick people take bath on the auspicious occasion of Maghe Sankranti. It has been articulated astrologically and astronomically that on this day the sun, the only visible god, is the farthest from the earth. So days become longer, better and warmer from this day. The people of Madhes celebrate Maghe Sankranti on the first day of Magh. It is worthy to note that Madhesi culture is very rich and renowned.  Various fairs and festivals are the demonstrators of this richness, bathing rituals and processions take place at various religious places such as Janakpurdham, Dhanushadham and Jaleshwardham. Women throng these pious places and worship Lord Mahadev, the god of gods. They prefer to take bath on the confluence (Sangam) of at least two or more rivers because it is considered sacred. The people of Madhes rush toward rivers and rivulets and take a ceremonial bath to purify themselves. After taking the holy dips, they prepare several sweet recipes such as Mudhi and Lai made of molasses.They also prepare Khichadi—a mixture of rice, vegetables and lentils. So this festival is also called Khichadi in some places of Tarai-Madhes. Tharu people also celebrate Maghi for three consecutive days. They eat special and decent dishes on this occasion. They sacrifice he-goats, chickens, pigeons and buffaloes. They celebrate their greatest festival by singing and dancing. They call it Maghi in their native language, celebrating it as the beginning of their new fiscal year whereas the people of Mithila celebrate it for one day only.  Non-vegetarian people eat several kinds of dishes of meat according to their choices. Vegetarian people eat sweet potatoes and eat ladoos made by mixing Tila and molasses. This is a very healthy food item as it produces energy and heat in the human body. They also eat Dahi (curd) and Chiuda (beaten rice) and sugar. Khichadi with ghee is also considered a very nutritious food. People prefer to eat this type of food on this occasion. They also invite their married daughters and their husbands’ in-laws and other close relatives for family feasts.  This festival gives enough opportunity for socialization. It is a perfectly cultural and social festival of the Hindu people who constitute a majority in Madhes. This is a great occasion for the grand gathering of this community for exchanging greetings and well-wishes. The main motto of this festival is peace, fraternity and unity in the society. This festival helps in creating an amicable atmosphere of social harmonization. Makar Sankranti is an important festival that falls in mid-January. It is preceded by Lohri (bonfire) into which is thrown harvest produce like sugarcane stalks, parched rice and sesame seeds. On the day of Sankranti, Khichadi (mishmash of rice, lentils and vegetables) is prepared and given in charity. Sankranti, signifying light, also gives the message of intellectual illumination. It is the Viveka (discriminatory wisdom) to choose between the right and wrong that is believed to lead man on the path of happiness, Utpal K Banarjee fittingly states in his book titled ‘Hindu Joy of Life’.

In a rapidly changing and interconnected world, due diligence has become a vital framework for promoting accountability, managing risks and ensuring ethical practices. Whether addressing workplace safety, cybersecurity, corporate governance or human rights abuses in supply chains, due diligence embodies a commitment to responsible action. However, its effectiveness often depends on the clarity of legal frameworks, the strength of enforcement mechanisms and the willingness of organizations to prioritize transparency. This article explores the importance of due diligence in various sectors, drawing from global principles and highlighting its significance for Nepal. Workplace safety Workplace safety is a foundational aspect of due diligence, as demonstrated by a tragic incident in Greater Sudbury, Canada, in 2015. The City of Greater Sudbury delegated construction responsibilities to Interpaving Limited but faced legal scrutiny under the Ontario Occupational Health and Safety Act (OHSA). The courts assessed whether the city exercised due diligence through adequate control, delegation, compliance checks and monitoring. The Ontario Superior Court ultimately ruled in favor of the city, emphasizing its proactive measures such as vetting contractors, ensuring safety certifications and conducting inspections. This case underscores the importance of clear legal frameworks and robust oversight in managing workplace risks. For Nepal, these lessons resonate deeply. Many road construction projects in Nepal remain unfinished, leading to immense public frustration and, at times, fatalities. In Kathmandu and other cities, roads are frequently left in disrepair due to poor coordination among agencies. Roads may be dug up repeatedly for different purposes—water pipelines, electricity cables or telecommunications—without any alignment of timelines or objectives. Even national pride projects suffer from significant delays and cost overruns due to weak enforcement of accountability. Strengthening project oversight, enhancing inter-agency coordination, and establishing clear accountability mechanisms are essential to improve infrastructure development in Nepal. Addressing vulnerabilities The rise of digitization has made cybersecurity a critical area where due diligence is often lacking. High-profile cases such as British Airways and Marriott Hotels highlight the consequences of failing to secure sensitive data. British Airways faced a £183m fine under GDPR after a cyberattack exposed customer information, while Marriott incurred £100m in penalties for not identifying vulnerabilities in an acquired system. For Nepal, the challenges are equally pressing. The country began its digital journey with the adoption of computers in 1971 and the internet in 1998. Article 51(g) of Nepal’s Constitution emphasizes the importance of IT for national development. However, recent cyberattacks have revealed vulnerabilities in Nepal’s digital infrastructure. A 2023 cyber attack disabled 1,500 government websites, disrupting public services and international flights. Earlier breaches exposed sensitive police data and halted passport application services for thousands of citizens. Nepal’s Electronic Transactions Act, 2006, provides a legal framework for addressing cybercrime, but enforcement is hindered by limited resources and expertise. Strengthening digital infrastructure, fostering international cooperation, and enacting comprehensive due diligence laws specific to cybersecurity are critical for safeguarding Nepal’s digital future. Combating modern slavery Modern slavery is an uncomfortable reality embedded in global supply chains. According to the International Labour Organization, nearly 50m people worldwide are victims of modern slavery, including forced labor and forced marriages. Of these, 17.3m work under coercion in private businesses, with nearly 4m subjected to state-imposed labor. Alarmingly, more than 3.3m victims are children. Global frameworks such as the UN Guiding Principles on Business and Human Rights, the French Duty of Vigilance Law, and the EU’s Corporate Sustainability Due Diligence Directive require companies to identify, prevent and address human rights abuses in their operations and supply chains. These laws emphasize transparency, stakeholder engagement and regular reporting as pillars of effective due diligence. For Nepal, where informal labor is widespread, addressing modern slavery requires strong labor laws, ethical trade agreements and public awareness campaigns. Businesses must adopt rigorous supply chain audits and ethical sourcing practices. Raising consumer awareness about ethical consumption can also play a significant role in combating modern slavery. Corporate governance The BarChris Construction case of the 1960s remains a landmark example of due diligence failures in corporate governance. BarChris misrepresented its financial health during a securities registration, leading to investor losses and exposing systemic lapses. Inside directors knowingly falsified data, outside directors failed to verify claims, underwriters conducted cursory reviews and accountants overlooked discrepancies. The court’s findings highlighted the need for adversarial due diligence, requiring all stakeholders to independently verify information and challenge assumptions. These lessons are highly relevant to Nepal where governance structures in many sectors remain underdeveloped. Strengthening regulatory bodies, promoting professional training, and incentivizing compliance through tax benefits or penalties can improve governance and enhance investor confidence. Global and local The importance of due diligence is enshrined in several international frameworks. The UN Guiding Principles on Business and Human Rights provide a global standard for preventing and addressing human rights abuses linked to business activity. The French Duty of Vigilance Law mandates large companies to develop vigilance plans to address risks in their supply chains, including environmental and social impacts. Similarly, the EU’s Corporate Sustainability Due Diligence Directive aims to make human rights and environmental due diligence mandatory for companies operating within the EU. For Nepal, aligning with these global standards can enhance its economic competitiveness and ensure ethical practices across industries. Legal reforms that incorporate international best practices, combined with local capacity-building initiatives, can create a robust framework for accountability. Themes and challenges Across sectors, due diligence emerges as a universal principle requiring proactive engagement, comprehensive documentation, and independent verification. However, systemic challenges—from resource disparities to fragmented enforcement—often hinder its application. In Nepal, these challenges are particularly evident in infrastructure development, digital security, labor practices, and corporate governance. Addressing these issues requires a multifaceted approach. Legal reforms must clarify accountability standards, while public-private partnerships can facilitate resource sharing and innovation. Capacity-building initiatives such as training programs for professionals and support for small businesses can empower organizations to meet due diligence requirements effectively. A sustainable future The transformative power of due diligence lies in its ability to create a culture of accountability and transparency. Negligence not only invites legal and financial repercussions but also erodes trust—a vital asset in any society or economy. For Nepal, embracing due diligence as a core principle can drive sustainable growth, resilience and global integration. Whether ensuring the timely completion of roads and bridges, safeguarding sensitive data, eradicating modern slavery or promoting ethical corporate practices, due diligence offers a pathway to a more secure and equitable future. By aligning local practices with global standards and fostering collaboration among stakeholders, Nepal can harness the full potential of due diligence to build a prosperous and inclusive society.

As Jan 20 approaches closer and President-elect Donald Trump prepares to return to the Oval Office in the White House, states are sensing terrible tremors in foreign policy around the world. Trump’s ‘Truth Social’ diplomacy is already creating huge shocks in foreign policy and multilateralism even before he assumes the oath of office of the presidency. Trump is arguably the only president in American history to be equally admired and despised both within and outside the country. Most of Trump’s detractors blame that his MAGA (Make America Great Again) movement is a trivial insignia of nationalistic vanity rather than being a patriotic big headedness. Trump, however, has been irrefutably successful in synonymizing ‘Trumpism’ and ‘Republicanism’ and shrewdly synthesizing it into ‘Populism’ in US politics. The President-elect has declared that he will impose heavy tariffs on all exports from China, Canada, Mexico, and the BRICS countries, including tech and EVs. China, on the other hand, has announced a ‘zero-tariff’ policy for small states, particularly LDCs. Trump’s “great wall of tariff” may lead to crucial tensions in the tech, trade, and diplomatic affairs between the US and China under Trump 2.0, which would have global repercussions. Many Americans may still be unaware whether the ‘blanket tariff’ that could raise inflation is actually an American ‘policy’ or just a ‘threat’, put forth as a negotiating tactic that the president-elect is likely to impose on its major trading partner, close neighbors, and longstanding allies. Besides, the linkage between the taxes that Americans pay and the tariffs that the Trump administration is likely to impose on foreign exports should be understood by the general public. Trump has avowed of taking back Panama Canal, controlling Greenland, and has urged Canada to join the US as its 51st state in a Christmas message under his ‘Truth Social’ discretion. Panama Canal is a waterway in Panama that connects the Atlantic Ocean with the Pacific Ocean, which was built by the US and handed over to the Panamanian government nearly 25 years ago. Greenland is a sovereign territory of Denmark, while Canada is a G7 member and NATO ally. The chances that Trump would again raise the issue of the origin of Covid-19 towards China cannot be denied, which could widen the trust gap between the US and China. Trump made immutable mistakes by emboldening some of its adversaries including Iran, North Korea, Venezuela and Turkey, among others, during his first term as the US president. His adversaries have become skeptical of his emotional intelligence and diplomatic avenues due to his frequent use of coercive and irrational language through his erratic tweets during his first term. He is now annoying US allies and key partners, which could bring irrevocable debacle in US foreign policy. Trump is, perhaps, assuming that the Nixon-Kissinger model of the “Madman Theory—act mad and other countries won’t dare trifle with you”—could work for him too. In his dealing with North Korea, Trump applied the “Kernel of idea” from Madman Theory, possibly to give the impression that he was “irrational and volatile” so that North Korea would less likely provoke the US in fear of potential consequences. Madman theory sometimes may go truly furious in case of action and consequences if the strengths and strategies of the adversaries are undermined. Trump has abandoned a number of multilateral alliances, such as the Paris Climate Agreement, the Iran Nuclear Deal, and the nuclear missile accord with Russia during his first term. As a result, the US dramatically lost credibility, reputation, reliability and trust of its allies. The US is likely to witness more severe forfeiture under Trump 2.0 as he has threatened to walk-out from NATO and other significant multilateral alliances. The main concern, however, may be whether these unusual strategies truly fall under modern US foreign policy? Do rational Americans want a military confrontation (or colonial war) in any part of the world under the monologue of neo-colonialism or political hooliganism? From an American perspective, Trump is accomplishing American goals, such as economic growth, immigration control, border security, and nationalism. Enhancing American security and economic interests are truly a nationalistic idea. The interests of the US, however, are global. America firmly believes in globalism, liberalism, open world economy, and multilateralism. America is not just a country in the North American continent; it is a responsible global power. America is the world's most powerful nation not just because of its economy, strong domestic institutions, technology, or military might, but also because of its pragmatic foreign policy, soft power, visionary engagement in multilateral organizations, and trustful allies and partners. America’s masculine foreign policy, unwavering hold on global leadership, and distinct legacy have made it a great power. American security is said to be characterized by its emphasis on democracy, multiculturalism, multilateralism, and international law. By the end of World War II, the US was still the most powerful country in the world, controlling over 35 percent of the world’s production, and it had the ability to (re)shape the world according to its wishes.  American values abroad are gradually waning. Is America on the verge of decline? What will be the American position in the years to come, question many critics? When we examine the precise causes and consequences of the rise and fall of great powers or various empires, constricted ideas or disparities in development have resulted in power struggles. Their power primarily centered on the conflict between their militaries’ ascent and social forces, ethnic nationalism, economic development, colonial and hegemonic behavior. Additionally, power struggles have led to the extinction of empires following the annexation of such power. Presumably, with a limited global presence and an isolationist foreign policy, America cannot sustain its position as a major power in the long run. The absence of US leadership in the world would leave ample ground for its adversaries to create more challenges or trouble for it. America is the only multicultural nation in the world where people from all over the world dwell or aspire to dwell. While America is winning the hearts, minds, and spirits of tens of millions of people worldwide, Trump's massive deportation plan would certainly weaken its soft power and essence of multiculturalism. However, Trump’s initiative for peace in the Korean Peninsula and last-minute decision to withdraw the order to strike Iran in his first term must be admired. Trump’s decision to fire his “hawkish” National Security Advisor John Bolton during that situation suggests that he opposed war in the Korean Peninsula and the Middle East. Reportedly, Bolton was aggressive in pushing war and later advised then President Trump to employ the ‘Libya Model’ of unilateral denuclearization for North Korea and the ‘Iraq Method’ for Iran. Trump is said to have rejected both the outrageous prospects and avoided the war. Trump instead emphasized the ‘New Method’ for peace negotiations. He is expected to use that ‘New Method’ in his second term to bring peace around the world, although what that ‘New Method’ is still not known. Optimistically, it can be asserted that Trump does not want war. Yet the crucial concern is- does Trump want absolute peace and wish to preserve an essence of stable global order? The president-elect has pledged to put an end to the ongoing conflict between Russia and Ukraine. He is expected to advocate for a similar course of action to resolve the Israel-Palestine conflict and establish enduring peace in the Middle East. Whether Trump truly wants absolute peace and steady international order, he needs to start peace negotiations from Beijing. To date, the legitimacy of Pyongyang and Kremlin peace negotiations has been contingent on how smoothly Beijing’s trade operates. Thus, Trump must first make real headway in settling the trade and tariff issues pertaining to China. Similarly, the US-North Korea and US-Iran negotiations must be conducted sensibly through diplomatic and political channels, else North Korea and Iran could rise as strong contenders not only to the US allies in the Korean Peninsula and the Middle-East, but also to the US itself.   Iran asserts that it is a powerful country (more so than Iraq was) and has the ability to retaliate for any strikes against the US allies. Tehran has maintained good relations with the Kremlin, Beijing, and Ankara, which could make Washington feel weaker than all the former four combined. North Korea is equally marshaling the clout of missile and nuclear technology and showcasing to Washington that Pyongyang is not alone in world politics, as it has been strongly backed up by Beijing and the Kremlin. North Korea and China are “as close as lips and teeth, communist brothers in arms…,” as Mao Zedong put it. Strategically, Pyongyang and Tehran assume that they both are as strong as Washington. While the US, under Trump 2.0, is likely to create a huge gap of trust with its allies and multilateral communities, its adversaries could take advantage of gradually waning American strength. Chinese people are reportedly very appreciative of Donald Trump's China policy, despite the fact that it was largely humiliating; this could have led to China taking a more focused approach to accomplishing its economic, technological, and diplomatic and foreign policy goals. Since China’s opening up, the US and China have maintained good trade relations despite their long standing political rivalry. President-elect Donald Trump is anticipated to play a statesmanship role in fostering friendly, vibrant, and harmonious US-China ties, much like President Richard Nixon did in establishing US-China diplomatic relations in the past. In the face of experiencing two near-death experiences during his election campaign, Trump's tremendous resilience must be cherished. Trump has become more composed, brave, and strong following these failed assassination attempts. He resembles a deceased man who has miraculously come back to life. The way he has got a new life, the similar way he is expected to bring peace, hope, natural life, and aspirations to people around the world with a greater generosity and wider spirit. The rest of the world would be incredibly grateful to Trump if he could, as he previously declared, put an end to the ongoing international conflicts and promote amicable US-China relations. Essentially, if President Trump played a sensible role in bringing international peace, stability, and balanced order, the entire world would applaud him, perhaps not only in this generation but also in the generations to come. Taking into account sensible geo-location, highly unstable global geopolitical situation, vulnerable digital space, and the magnitude of AI threats, Nepal's security architecture has specific limitations. For Nepal, the conventional idea of security might not be operational. Therefore, it is imperative that Nepal adopt a practical security strategy that involves increased trust, strategic partnerships, and techno-economic cooperation with both its immediate neighbors and other global powers. The most crucial matter is that Nepal should be aware of the geopolitical rivalry between China and India or the US and China and logically implement a policy to balance relations with them. Nepal should be ready to handle any fallout from occupation of Taiwan, which might result in a massive ‘crossfire’ between China and the US that could directly affect Nepalese security and sovereignty. Nepal would have suffered greatly on all fronts—politically, economically, digitally, physically, and psychologically—if it had not been able to diligently manage the geopolitical balance between the competing superpowers. For Nepal, the most important foreign policy choice would be whether to align with one or remain neutral, while the main concern would be how Nepal could balance between them and defend itself in that circumstance. Both the options, however, would be costlier to Nepal. Perhaps neither China nor the US would ensure Nepalese security in that critical situation. China would accuse Nepal of failing to participate in its Global Security Initiative (GSI) on time, while the United States would accuse Nepal of dwindling to participate in the Indo-Pacific Strategy (IPS) or State Partnership Program (SPP) in advance. Yet, both the superpowers have made an effort to persuade Nepal to support their cause through the Belt and Road Initiative (BRI) and the Millennium Challenge Corporation (MCC) to some extent. Nonetheless, Nepal must assess realistic foreign policy and promote techno-economic cooperation by initiating a ‘better relationship initiative’ with all the major powers, including its immediate neighbors. This could help to alleviate all of those persistent domestic and international challenges and to achieve foreign policy goals. Essentially, Nepal should practice time-sensitive policy to reduce the ‘trust deficit’ with its immediate neighbors and other powers, which could strengthen bilateral relations and raise the possibility of applied security and stability. The author is a techno-geopolitical analyst and geostrategic thinker

Jimmy Carter, the 39th president of the United States, passed away at the age of 100, leaving behind an enduring legacy as a humanitarian, advocate for peace, and champion of human rights. His life was a testament to humility and service, symbolizing the principles of a true humanitarian. Carter’s most significant contributions came after his presidency, proving that former leadership roles can be harnessed for greater societal good. In contrast to many global leaders who cling to power until their last breath, Carter chose a different path. In Nepal, politics is often seen as a lifetime occupation, with leaders reluctant to step away from the political stage. Carter, however, demonstrated that one's impact can extend far beyond the tenure of an official role. Despite facing numerous challenges during his presidency—including the energy crisis, Soviet aggression, and the Iran hostage crisis—he remained steadfast in his principles and commitment to service. His post-presidential work earned him global admiration, not just as a former US president but as a global humanitarian. Nepali leaders could greatly benefit by emulating Carter's qualities: resilience, integrity, dedication, and adherence to personal principles. Carter provided a clear vision and skillset to create meaningful change even after leaving office, a lesson Nepali politicians should adopt. Carter was not widely popular during his presidency, particularly when he sought re-election. The American public doubted his leadership during tough economic times. However, his unwavering resolve to serve humanity became his hallmark. Through the Carter Center, he addressed global challenges, including health care, democratic governance, and human rights. Even in declining health, he continued his mission to improve lives worldwide, exemplifying hope and resilience. Nepali leaders, by contrast, often fail to contribute meaningfully outside the political arena. This stems from an identity crisis and an egoistic mindset that prevents them from engaging in other areas of service. Nepal has many academically and professionally capable former leaders who could contribute to nation-building through education, economics, or social initiatives. Yet, few follow Carter’s example of using their experience to serve the greater good. Carter’s simplicity and discipline stand in entirely contrast to the materialism and extravagance that characterize many Nepali leaders’ lifestyles. His unwavering integrity, commitment to peace, and belief in human rights shaped his legacy. Nepali leaders often foster corruption and social inequality through their pursuit of luxury and power. Carter, on the other hand, will be remembered not for his presidential power but for his modest, principled life. The current fragility of Nepali society—marked by political dilemmas, misinformation, and populist agendas—calls for leaders who prioritize unity, social harmony, and fact-based solutions. Nepali leaders must abandon political biases and work towards strengthening democracy, ensuring justice, and promoting economic prosperity. Carter came to office in 1976, offering a fresh alternative following the Watergate scandal. His administration emphasized transparency, human rights, environmental conservation, and historic achievements like the Camp David Accords, a historic peace agreement between Egypt and Israel. However, economic struggles and international crises overshadowed his presidency. Despite these setbacks, Carter never wavered in his honesty and commitment to his principles. One of Carter’s most profound statements reflects his philosophy: “I believe that anyone can be successful in life, regardless of natural talent or the environment within which we live. This is not based on measuring success by human competitiveness for wealth, possessions, influence, and fame, but adhering to God’s standards of truth, justice, humility, service, compassion, forgiveness, and love.” Carter’s dedication to doing even small things with consistency and humility made him a leader for the people rather than for a party. Nepali leaders can learn from his legacy that serving the people and pursuing greater causes outweigh political ideologies or party loyalties. Jimmy Carter’s life is a reminder that leadership is not confined to holding office but is defined by one’s actions and principles. Nepali leaders must focus on building a legacy that future generations can admire. This is the time to act—to strengthen Nepal’s democracy, foster social justice, uphold the rule of law, and pursue economic prosperity. By embracing Carter’s values of service, humility, and integrity, Nepali leaders can transform their country into a more just and prosperous society.  President Jimmy Carter exemplified humility, integrity, and a committed dedication to public service, with his most impactful accomplishments occurring after his presidency. Through his efforts to improve global health, uphold human rights, and promote peace, he demonstrated that true leadership extends far beyond the confines of political office. Unfortunately, many Nepali leaders remain fixated on retaining power and struggle to contribute meaningfully outside the political sphere, often constrained by personal ego. By embracing Carter's values of simplicity, resilience, and service to the greater good, Nepali leaders could strengthen democracy, foster social harmony, and build an enduring legacy that inspires many generations to come. The question remains: Will they rise to the challenge?