Potentially millions of Nepalis will be on the road this Dashain. As much as half the Kathmandu valley’s population of around 3 million could be heading out, in four-wheelers of various shapes and sizes, out and away through the crowded Kalanki junction. They will be in for a rocky ride.
Article 33 of the new constitution ensures the right to employment for all Nepali citizens. But whatever the supreme law of the land says, it is nigh impossible for any country, let alone an LDC like Nepal, to guarantee employment for all its citizens.
There are already far too many vehicles on the streets of Kathmandu. Yet the year-on-year import of private vehicles continues to increase at an astonishing clip. For instance, despite the five months of border blockade, last year saw a 43 percent increase in vehicle imports from India.
Our parliamentarians are giving a dreadful account of themselves with their notorious record of absenteeism.
On Sunday, fed up by their disregard of her repeated urgings, Speaker of the House Onsari Gharti Magar had to threaten parliamentarians to strip them off their parliament membership if they continued bunking even important House meetings.
Prime Minister Pushpa Kamal Dahal has repeatedly clarified that during his four-day visit to India starting September 15th there will be no new agreements and that his focus will be reviewing and implementing old agreements.
The government should be doing everything in its ambit to support the ailing tourism industry, which is yet to completely recover from last year’s devastating earthquakes and the nearly five months of the border blockade.
Unless there is a miracle, local polls won’t happen by mid-April, 2017, the deadline set by the previous KP Oli government. And if the mid-April timeframe for local elections is missed, it will then be impossible to hold the three sets of elections—local, provincial and federal—in the next 17 months, as mandated by the new constitution.
Banking, like every other sector of the economy, operates on the principle of demand and supply. When the market is flush with money, the demand for it is low, which is reflected in the low interest rates that banks offer against the deposits, both personal and institutional, they mobilize. Nepali banks, swimming in remittance money, have been offering ultra-low interest rates to their depositors.