Before his inevitable death on November 27th, the badly emaciated 17-year-old Shambhu Kumar Ram of Saptari district’s Dadha VDC had become the poster-child for the abject failure of child nutrition program in Nepal.
Thursday’s cabinet decision to build the 76-km Kathmandu-Nijgadh expressway with Nepal’s own resources could be a game-changer. This is because never before has a project of this scale—with an estimated cost of around Rs 100 billion—been undertaken by Nepalis alone.
In a welcome development, Nepal Rastra Bank’s headline inflation rate in November climbed down to 4.8 percent, the lowest it has been in the past one decade. The last time we had under-5 inflation was back in June, 2007.
We have long argued that the price of petroleum products Nepal imports should reflect international market price. In a market economy, the price of any product is determined by the subtle interplay between the forces of demand and supply.