The geopolitical confrontation between the US and China has been escalating since 2015 and Nepal is in a sensitive position in terms of geographical location. That is why we need to have a balanced relationship not only with India and China, but also with the United States.
Nepal has close economic ties with India due to open borders and recent exchange rate arrangements. Therefore, under the national policy of effective management of national economy and liberalization and globalization, Nepal should regularly monitor India's economic policies and programs to get maximum benefit from Nepal's economic partnership with the outside world.
In this context, the market for petroleum products is so sensitive that fluctuations in the international market price may not take long to make a profit or loss in crores of rupees. Nepali private sector entrepreneurs are not in a position to take this risk.
The Nepal Electricity Authority is now in a position to sell its surplus energy. The countries of South Asia are some of the poorest countries, which aspire to high economic growth to improve the quality of life in the coming years. However, the unavailability of reliable and adequate electricity is one of the major obstacles to realizing their economic potential.
Finance Minister Janardan Sharma has announced an assessment of the country's total assets. He has said that he will launch a campaign to assess the country's wealth and will not back down from it. In Nepal, for the first time in 2067 BS, an attempt was made to start a program to assess the country's wealth. Although the then finance minister announced the program, it did not start.
After the increase in consumption, the management cost per liter has to be reduced. What does the NOC do? What is the function of the Price Stabilization Fund? Why not use it? Shouldn't the tax levied by the government be reduced in such a short time? Why charge more than the cost price?
KATHMANDU, August 21: The most important question has never been raised: Can an open economy like Nepal pursue an independent monetary policy and inflation rate by maintaining a stable exchange rate with its major trading partners? My answer is a ‘no’. Unfortunately, policymakers never know, despite comments in the past from many organizations and individuals.
At a glance, the Common Minimum Program was the demand of the Maoist Center, which has been calling for an all-party mechanism to make governance easier. Experts in bureaucracy, administration, and law say that the formulation of such a program seems to have become a fashion in Nepal instead of a necessity.
Although Nepal and Bangladesh are neighboring countries, trade and economic relations between the two are negligible. We are conscious of promoting trade and economic cooperation based on equality and mutual benefit, but the reality is we have not been able to expand our bilateral trade.
Cooperatives in Nepal offer a wide range of services, including savings and credit, insurance and non-financial services. Their achievements in the field of socio-economic development of the members indicate that they can grow as cooperative players in the development of Nepal.
Can an open economy like Nepal, which maintains a stable exchange rate with its major trading partners, pursue an independent monetary policy and inflation rate? Our regular answer is no. Unfortunately, policy makers never learned without comments from many organizations and individuals in the past. It may be recalled that the IMF has described how to conduct the monetary policy in Nepal.
It is important to understand that a new era in education has begun with the destruction caused by the coronavirus. This new age of education is new for all of us. Studying at home is not an easy subject.
Today's historic day is expected to inspire governments, workers, consumers and employers to move forward with the country's economic development. The slogan for Labor Day in 2021 is: Invest now in flexible occupational safety and health systems. ”