Available statistics reveal that the province's capital outgoings have been minimal over the past four fiscal years. It's attributable to a combination of impediments the province has encountered in the execution of capital projects - ranging from Covid-19-related lockdowns to construction holidays. Besides, the provincial ministries and agencies seem apathetic in implementing the Budget Implementation Guidelines and other economic procedures and financial responsibility laws and directives that have impeded the pace of capital expenditures. There appears to be a lack of financial discipline, fiscal ethics, and integrity during budget implementation.
It is not only about a couple of dozen, it is about hundreds of hydropower projects and in most of the rivers and probably at a number of sites of the same river. Even a minor impact from a single hydropower project can be synergized by a couple of hydropower plants. The societal and environmental impact from hundreds of such projects can be shattered. As the climate warming continues, it will further negatively impact the hydropower projects.
Nepal implemented 609 climate-related projects between 2013 and 2017 that amounted to USD 1.92 billion. Despite pouring billions of rupees in the name of adaptation, the data from the University of Notre Dame, the Netherlands, shows the adaptive capacity of Nepal has gradually declined in the last two decades of this century.
The decisions we make today will determine what our future will look like. Our choice to act or not to act will have a huge impact on generations to come. Let us look at what opportunities lie ahead of us. Let us give solidarity and cooperation a chance. As a peace-loving country, Nepal remains committed to contributing to our collective efforts of making this world peaceful, prosperous, and equitable.
Bitcoin is banned in many fascist countries even though it is a radical idea based on a sound economic theory. Many economists from the Austrian School had imagined money that is independent of the State long before Bitcoin came into existence.
“When citizens leave their home countries for better opportunities, the government fails the country. Likewise, citizens fail when the experience of leaving their home country becomes something joyful rather than a burden of sorrow associated with not being able to work and serve their own country.”
Dengue infection is a systemic and dynamic disease and has a wide clinical spectrum that includes both severe and non-severe clinical manifestations. The key is early recognition and understanding of the clinical problems during different phases of the disease, leading to a rational approach to case management and a good clinical outcome.
Although everyone had their own interests and views on the Constitution of Nepal, the process of drafting the constitution was exclusionary. Moreover, consultations with people about the draft of the constitution were performed under a curfew and excessive use of force in the Madhesh.
South Asia was divided while responding to Pelosi's Taiwan visit. Pakistan and Afghanistan followed the Chinese standpoint. Nepal, Bangladesh, and Sri Lanka reiterated their one-China policy and leveraged it to attain their interests but India and the Maldives opposed China to reiterate their policy.
FDI needs to be viewed as a means to achieve SDGs and not an end in itself. This means that all FDI potential projects should be viewed from the lenses of environment, labor and human rights, SMEs, health, inclusion and diversity.