Balananda Paudel-led Local Level Restructuring Commission (LLRC) had recommended the government to allocate the number of local levels to five hundred. However, the commission was compelled to revise the number twice; firstly 719 and later on 753.
Nepal is exercising the federalism after the conclusion of the three-level elections- local, provincial and federal parliamentary. A lot of works are yet to be done before putting the new structure in place. The proper allocation of revenue and mobilization of means and resources of the state is uncertain until the financial commission is formed.
Financial viability of the federal model has been a big concern of Nepali policymakers and economists in recent times. Many argue that Nepal simply cannot sustain the ‘costly’ federalism. Uma Shankar Prasad, Associate Professor at Tribhuvan University’s Central Department of Economics, thinks the opposite is true: that federalism is the perfect antidote to Nepal’s underdevelopment. But how? Republica’s Biswas Baral and Mahabir Paudyal caught up with Prasad, who has carried out extensive studies on fiscal federalism in Nepal.
Bhaskar Koirala, the Director of Nepal Institute of International and Strategic Studies (NIIS), has extensively researched Nepal-China relations. He was also among the first proponents of the idea of trilateral cooperation between Nepal, India and China.
Former Additional Inspector General of Police (AIGP) Navaraj Dhakal has said that political parties should be responsible to reduce security challenges for upcoming elections. Security has been complicated due to the volatile activities of political leaders.
CPN-UML senior leader and former Prime Minister Madhav Kumar Nepal is very active in poll campaigning following the formation of Left Alliance. Leader Nepal, who is a candidate from the alliance from Kathmandu constituency 2, is confident on clear majority of the alliance.
CP Chandrasekhar is a Professor at the Centre for Economic Studies and Planning at Jawaharlal Nehru University and the author of The Market that Failed: Neo-Liberal Economic Reforms in India. He is a vocal critic of the neo-liberal economic order. But why is neoliberalism bad for India and Nepal? What are its major flaws? Mahabir Paudyal and Prashant Lamichhane caught up with veteran professor when he was in Kathmandu last week.
Despite being on the committee to distribute election tickets, CPN-UML’s vice chairman, Yubaraj Gyawali has publicly stated that he couldn’t compete in the elections because of expensive party tickets.
Surya Prasad Shrestha was the chief Election Commissioner both during the last Panchayat election of 1986 and during the first parliamentary election of 1991. In the historical context, how does this old observer of Nepal’s election process see the upcoming federal and provincial elections? Mahabir Paudyal caught up with him at his Maharajgunj residence Tuesday evening.
Tao Zhang, deputy managing director of the International Monetary Fund (IMF), is visiting Nepal this week on the invitation of Nepali authorities. The visit of the senior IMF official comes in the wake of a forecast that Nepal's economy will grow at a moderate pace after achieving 7.5 percent of real GDP growth rate in the last fiscal year.