When the basics are not gotten right, analysis becomes wonky and the resulting policy misguided. We can then only pray for Lord Pashupatinath to come to the rescue. It is fashionable among the commentariat, the intelligentsia and the political class to sigh in despair over how little of the remittances sent home by Nepalis toiling abroad is saved. If you ask them how they know that remittance receivers do not save much, they are likely to point to either media reports or the survey such reports cite—the Third Nepal Living Standards Survey (NLSS)of 2010/11.

KATHMANDU, April 28: The Saving habits of Nepalis is expected to improve significantly in the current fiscal year, indicating that people are investing more than they used to about two and half decades ago.

KATHMANDU, July 18: Nepalis stand to lose millions of dollars held in high-value Indian bank notes that India banned last year and has yet to exchange, a Nepali central bank official said on Tuesday.

KATHMANDU, April 25: Sanima Bank Ltd has increased its interest on deposits to 8 percent. Issuing a statement, the commercial bank said that it had raised the interest rates on all saving accounts by 3 percentage points with an objective to provide maximum interest rates to its customers.