Nepal’s anarchic monarchy had an unceremonious end after the notorious palace massacre of 1 June 2001. The incident was a kind of implosion within an exclusive system. King Gyanendra was able to drag on the dead and defunct monarchy for the next five years simply because the 9/11 incident took place and subsequently the US declared a “war on terror”.
With mere 63 seats in parliament which has 275 seats, the Nepali Congress party (23%) was not even fit for an opposition, forget heading the government. But the unfolding of political events and circumstances pushed Deuba to head a wobbling government that could easily fall apart with no reasons rather than holding together with a purpose.
The on-going political imbroglio has been created by the lack of trust and mutual doubt and suspicion amongst the four major players. As none of the four holds a simple majority, they have to join hands with the other to form the next coalition government.
With the enactment of the Industrial Enterprise Act (2016) and its regulations, the mandatory corporate social responsibility (CSR) is now set for implementation. As per the provisions made in the law, all medium and large scale units and small scale units with a turnover of Rs 150 million are obliged to allocate minimum one percent of their net profits into CSR budgets every year.
With the rise of “populism” and populist governments in the world, corruption has been considered as both its cause and the consequence. Whether it is 1Malaysia Development Berhard (1MDB) in Malaysia, Operation Car Wash in Brazil or the case of Samsung in South Korea, corruption is the key factor in political changes. Even US President Donald Trump’s campaign for Draining the Swamp (DTS) and Indian Prime Minister Narendra Modi’s demonetization program are related with corruption problems. When corruption is deeply entrenched in politics, it is difficult to discern whether it is a problem or a solution.