My Republica

Nirmal Kumar Raut

The contributor for Republica.

Beyond remittance

Published On: June 21, 2016 12:59 AM NPT By: Nirmal Kumar Raut

Remittance is a more resilient source of foreign exchange compared to other sources. This is particularly true in times of economic crisis

Back in black

Published On: June 8, 2016 02:31 PM NPT By: Nirmal Kumar Raut

Blockade created favorable climate for unscrupulous traders to do more transactions off the official radar The recent unofficial Indian blockade had a debilitating effect on Nepali economy already crippled by poor growth in manufacturing and agriculture, high inflation, never-ending blackouts and low infrastructure investment. Illegal trading activities grew not only in border towns, but also in urban areas where demand for essential goods is relatively high.