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Nepal Rastra Bank (NRB) Governor Dr Biswo Nath Paudel said the central bank is carrying out a study on the provision related to blacklist while making financial transactions. 

At a program today, Dr Paudel informed that he was seriously studying the provision of putting people on the blacklist.

 "We are also studying the matter of putting people on blacklist immediately after check bounce," he said, adding, "We are focusing on how to shorten the list of those who will be blacklisted."

It has been observed that many people who have taken loans from banks and financial institutions or have bounced checks fall on the blacklist," he said, adding, "We are looking into how many people should be on the blacklist and how many should not be on it. I am examining this at length." 

Governor Paudel also mentioned that the country cannot function properly just by imposing strict measures or imprisonment, not only for trade/business. 

"Running a business is not just about completing college education. To ensure it becomes a proper business, one has to face various hurdles and difficulties, and it is necessary to take steps to organize it properly," he said. 

"It is also necessary to recognize that the country's development cannot occur simply by abusing businesspeople. Therefore, promoting businesspeople is important."

On a different context, the NRB Governor said that the Central Bank has been adopting the policy of encouraging the information and technology industry based on digital technology. He stated that the information and technology sector has been kept in priority also because it is a sector carrying huge future possibilities.

"We expect that information technology industries will also grow significantly in the future. We have also been urging banks and financial institutions to move towards digitalization," he added.

Governor Paudel mentioned that although there used to be enough photo studios, vehicle workshops and garage centrds in Birgunj in the past, they are gradually decreasing now.

‘‘Currently, most businesses are advancing by adopting digital platforms. Therefore, it has become essential for entrepreneurs and businesses to also transform themselves towards new directions,’’ he said, adding that it is time to move forward by preparing a digital strategy for the business in line with the times. "Surely, you must have been paying attention to that area as well.’’

He claimed that a favourable environment has also been created for Nepalis IT companies to invest in foreign countries.

The External Affairs Ministry of India has stated that India and Nepal have a unique and multifaceted partnership.

Responding to the query of a journalist at a weekly press briefing, External Affairs Ministry spokesperson Randhir Jaiswal said that the partnership between India and Nepal will continue to gain momentum in the coming days.

He said that the Indian government will work closely with the new government of Nepal.

Saying that Prime Minister Narendra Modi had a telephone conversation with Rastriya Swatantra Party President Rabi Lamichhane and senior leader Balendra Shah, Jaiswal stated that India wants common peace, progress, and prosperity.

“We have welcomed the successful conclusion of the elections in Nepal. Our Prime Minister has also congratulated the Rastriya Swatantra Party for its remarkable success in the elections through telephone,” he said, adding, “The Prime Minister has stated that India, as a close friend and neighbor, is always committed to working with the people and the new government of Nepal.”

March 5: A democratic fest

The promise of an election is the promise of change, a peaceful transfer of the people’s voice from the ballot box to the halls of power. For Nepal, the historic election of March 5 represented this promise in its most potent form. Yet, the path to this democratic festival was paved with tragedy, and the victory it yielded for the Rastriya Swatantra Party (RSP) now presents a profound challenge: to translate a powerful electoral mandate into tangible, lived reality for its citizens. The question that hangs in the air is whether the echo of the ghanti (the bell, the election symbol of the RSP); the student protests that sparked this political realignment can truly move from being a symbol of agitation to a force for effective governance, ending corruption and shaping to the sustained economic development.

The election was not born of ordinary political circumstance, but from a crucible of national tragedy. On Sept 8-9 last year, students in uniform marching peacefully with a demand for effective governance and an end to corruption were met with lethal force. The image of school students in uniform, shot dead while exercising their civic voice, ignited a firestorm of grief and rage that consumed the nation. Public buildings, business houses including the hallowed halls of Singhdurbar and the Supreme Court, were set ablaze. The Khadga Prasad Sharma Oli (aka KP Sharma Oli) government collapsed, and the homes of political leaders across the spectrum were attacked. This was not a mere political crisis; it was a popular uprising against a systemic failure of governance, mayhem of corruption, a violent repudiation of a status quo that had prioritized power over people. It was from the ashes of this upheaval that Prime Minister Sushila Karki’s call for a national election emerged, not as a routine political exercise, but as a desperate bid to channel the nation’s fury into a democratic and constructive path.

Against this backdrop, the election itself became a powerful act of civic renewal. Citizens from the entire nation embraced it as a "festival of democracy," a collective affirmation of hope for an impactful future for them, their children and prosperity for future generations. The campaign trail became a magnet for this yearning, with the RSP under Rabi Lamichhane and the former mayor of Kathmandu, Balendra Shah, tapping directly into the public's desire for fundamental change. Their message was not one of transactional politics, but of a shared national prosperity: to connect people and communities to prioritize service over self-interest, and to dismantle the systems of deep-rooted corruption and phony governance. 

The result was a landslide of unprecedented proportions. The RSP’s victory—over 125 parliamentary seats and five million plus proportional votes—is more than a win; it was a seismic shift in Nepal’s political landscape of history. It signals the electorate’s decisive rejection of established, corrupt kitchen family-centric  political groups and a clear, unequivocal mandate for the reform agenda championed by  Rabi Lamichhane and Balendra Shah as the new guard. The challenge, however, is that securing a mandate and wielding power are two vastly different endeavors.

The most immediate and formidable obstacle confronting the RSP is not a political opposition, but the deep-seated inertia and corruption within Nepal’s bureaucracy. This administrative machinery, long accustomed to serving the interests of the old political order, is now expected to implement the radical reforms of the government system currently operating. Many bureaucrats, with fixed loyalties to political groups, the electorate just repudiated, view the new leadership with suspicion, if not with outright hostility. Their mastery lies not in public service delivery, but in navigating and exploiting legal loopholes, perpetuating rent-seeking behaviors, and ensuring that the status quo remains unchallenged. For the RSP, this presents a paradox: their government must govern through a system they were elected to dismantle. Mobilizing the lethargic and often obstructive apparatus to improve public services, from administrative, health and education to infrastructure and market access will be the first true test of their governing capability in the Singhdurbar. Failure to do so risks rendering their electoral promises hollow and eroding the very public trust that swept them into office.

This form of bureaucratic resistance is compounded by profound structural weaknesses in Nepal’s economic governance. The nation’s fiscal health tells a story of chronic mismanagement. For years, the bulk of the national budget has been consumed by recurrent expenditures, salaries, pensions, and administrative costs, while capital investment, the lifeblood of development and job creation, has languished. The figures are stark: between the fiscal year of 2019-20 and 2023-24, ratio of expenditure on total recurrent averaged 70.36 percent of the total budget spending went to recurring costs, while a mere  of 16.67 percent allocated for capital expenditures and a 12.97 percent went for debt servicing in the reporting period of five years averaged. This imbalance starves the economy of the infrastructure and productive capacity it desperately needs financing. Furthermore, a banking system that is prohibitively expensive for small and medium-sized enterprises, a private sector often more focused on tax evasion than innovation, and a monetary policy that has historically favored a few large corporate houses all conspire to stifle broad-based economic growth. Compounding these issues is a burgeoning public debt, now approaching 46 percent of GDP. For the RSP,  the task is not merely to tweak the system, but to fundamentally re-engineer it. First, the RSP government must overhaul the Ministry of Finance, transforming it from a passive administrator of routine into a strategic engine for resource generation and investment. The RSP must create a financial ecosystem that rewards entrepreneurship and productivity, not rent-seeking and evasion.

The path to reform also runs through the marble halls of the judiciary and the complex architecture of fiscal federalism. For the average citizen, the promise of justice remains a distant dream, mired in a court system known for interminable delays and prohibitive costs. Without meaningful judicial reform, the RSP’s pledge of accountability will ring hollow. What’s more, the promise of federalism, now over a decade old, has largely evaporated into poor performance and misaligned incentives. Subnational governments, rather than becoming vibrant centers of local governance, have often devolved into parking lots for party pawns and resting places for bureaucrats awaiting their retirement, contributing little to the development of their federal polity. The RSP’s inception mandate is not to get bogged down in the complex Constitutional Amendments Affairs, but to focus on this practical, improving ground-level dysfunction. From the very first day in office, citizens expect to see a difference and change in how their government functions faster public service delivery, more efficient administration at all three tiers of government, and an end to the chronic delays and cost overruns that plague development projects, which are often themselves a form of sanctioned corruption.

From Ghanti’s echo to delivery

Ultimately, the RSP’s historic victory must transform the Ghanti’s echo from a cry of grief into a demand for impactful results that the student sacrificed for. The Ghanti has echoed with unprecedented clarity, delivering not merely a rejection of personality-driven politics and infamy patronage, but a direct mandate for meaningful reform and impactful performance. The obstacles before the RSP government are formidable: a bureaucracy resistant to change, a structurally weakened economy, and a collection of institutions that have long failed to serve the public. The RSP’s success, therefore, will not be measured by the size of their parliamentary majority, but by its capacity to overcome these deeply concreted forces. It must prove that democracy can deliver that the act of casting a ballot can translate into superior governance, cultivating inclusive microeconomic opportunity, a functioning system of justice that honors slain students. The opportunity before the RSP is as immense as the challenge it faces: to move Nepal beyond its cemented cycles of misgovernance and demonstrate that the people’s voice, even when forged in the tragedy of school student killed in uniform, can indeed shape a future where the promise of a better life is finally and faithfully kept.

As of now, a total of 65,886 Nepali citizens have registered their personal details in the online registration system launched by the Department of Consular Services under the Ministry of Foreign Affairs, considering the ongoing unrest in West Asia (the Middle East).

According to the Ministry, the submitted details are currently being assessed and processed for further necessary action. 

Following the attacks on Iran by the United States of America and Israel, the West Asian region has been experiencing rising tensions and escalating conflict.

The online portal was launched on March 2, and personal information is being collected through the respective Nepali embassies in the region.

The Ministry and Nepali diplomatic missions in West Asia are reportedly working to ensure the safety and welfare of Nepali citizens residing there.

According to Ministry Spokesperson Lok Bahadur Paudel, as per the decisions of the second meeting of the Emergency Response Team coordinated by Foreign Secretary Amrit Bahadur Rai, all Nepali missions in West Asia have been directed to contact Nepali citizens facing difficulties through email, telephone, or other appropriate communication channels, make efforts to maintain their morale, and document their responses.

The Ministry has also urged all Nepali citizens in West Asia to remain patient during this challenging situation and refrain from recording or circulating photos, videos, or audio materials that violate the law.