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Tackling Inundation in Terai
Published On: June 25, 2023 08:15 AM NPT By: Hari Prasad Shrestha
As the monsoon rain has started in Nepal, it would be a boon for agriculture especially for paddy plantation. Moreover , people would somehow get relief from the extreme heat with the onset of rainfall. These are the good news of monsoon rain and the bad news is that the damage and destruction of road and bridges, landslides in hills and inundation in agricultural lands, and human settlements and loss of human life and property would last for at least the coming three months.
Why is Nepal India EPG Report Gathering Dust?
Published On: June 22, 2023 09:00 AM NPT By: Hari Prasad Shrestha
During the official visit of Prime Minister Pushpa Kamal Dahal to India, from 31st May to 3rd June 2023, the unsettled matter of receiving the Eminent Persons Group (EPG) report by the Indian Prime Minister was not included in the official agenda of discussion at the highest-level meeting. The EPG India and Nepal report has been gathering dust for many years, after India declined to receive it. During the recent visit, there was no substantial progress to receive the report.
Budget 2023: Will It Lift Nepal’s Descending Economy?
Published On: June 5, 2023 09:00 AM NPT By: Hari Prasad Shrestha
Finance Minister Dr Prakash Saran Mahat presented the budget for the upcoming fiscal year in the parliament on 29th May 2023, with promises to lift the descending economy and to accelerate development activities. The budget with an economic growth rate of six percent to be achieved in the next fiscal year expects to tame the inflation rate at 6.5 percent.
Why are Nepalis Leaving the Country?
Published On: May 21, 2023 08:30 AM NPT By: Hari Prasad Shrestha
A society, where exploitation and inequality are at its highest level and unemployment is a major problem, can hardly appeal to the people to stay within the country with a hungry stomach and under such conditions. They would certainly try to migrate to other countries in search of a better life.
Nepal's Economy Faces External Dependency Nightmare
Published On: May 14, 2023 09:30 AM NPT By: Hari Prasad Shrestha
As the preparation for the federal budget for the next fiscal year is under full swing, the Ministry of Finance has concluded deliberations with the line ministries, business and industrial organizations, corporate houses and other concerned stakeholders to include appropriate suggestions to give final shape to the budget. The pre- budget discussion is underway in the parliament and thereafter the budget will be presented in the parliament on 29th May 2023 as per the constitutional provision.
Tibetan Refugees’ Seven Decades in Foreign Lands
Published On: May 5, 2023 09:00 AM NPT By: Hari Prasad Shrestha
The film, ''Seven Years in Tibet,'' (1997) was based on an autobiographical account by Heinrich Harrer, the Austrian, now 84, about his escape from a British internment camp in India and his trek across the Himalayas to Tibet, where he tutored the 11-year-old Dalai Lama, the spiritual leader.
Relocating the Capital City: Easy as a Balen’s Tweet?
Published On: April 23, 2023 09:00 AM NPT By: Hari Prasad Shrestha
Balen Shah, the mayor of Kathmandu, raised the matter in question through his Tweet to move Kathmandu to another location expressing his dissatisfaction with the federal government in some issues.
Nepal's Overcrowded NGOs
Published On: April 15, 2023 08:15 AM NPT By: Hari Prasad Shrestha
The organization of civil society in Nepal began with the Arya Samaj in 1909 to awaken the people from blind faith, prejudice and conservative thinking as well as to abolish child marriage, promote widow remarriage and initiate social reforms.
Nepal’s New Challenges with Super Powers
Published On: March 26, 2023 09:00 AM NPT By: Hari Prasad Shrestha
The then US President Richard Nixon’s attempt to dash communism and a complete ban on marijuana in the 1970s, wrecked a Himalayan hippie Shangri-La in Nepal. Two years after President Nixon announced an international ‘war on drugs,’ Vice President Spiro Agnew visited Nepal. Months later, Nepal enacted the first anti-drug laws.
Nepal’s Low-Prioritized Development Pillars
Published On: March 17, 2023 09:00 AM NPT By: Hari Prasad Shrestha
Based on the experiences of the landlocked countries, for rapid transformations of the economy and national development of Nepal, hydropower and tourism are undoubtedly the two strong development pillars.
Trade and Investment Policy in South Asia
Published On: February 28, 2023 08:00 AM NPT By: Hari Prasad Shrestha
During the 1980s, the economy of China and India were almost at the same level in terms of GDP, per capita GDP and growth rates with coequal population. However, within a 30-year period, China dramatically surpassed India in the growth rate by a huge margin and per capita GDP five times that of India. The reason behind China’s high performance was its willingness to let foreign investors access its assets, labor and non-traded infrastructure at a significantly lower cost than its Indian competitor. Moreover, the decision-making process to approve foreign investment in China was simple and fast compared to the lengthy process and long deliberations in India.
Nepal's Quest for Wider State Capabilities
Published On: February 19, 2023 08:30 AM NPT By: Hari Prasad Shrestha
State capability, which is distinct from political authority, has frequently been measured by the ability of the state in supporting and protecting the population with equal opportunity and by increasing people's capability to make their life more comfortable and dignified. It is associated with public education, social security, public health, welfare schemes, public transport, environment conservation, basic needs and administrative efficiency and so on.
Why are the Nepali Gurkhas so Glorious
Published On: February 14, 2023 08:00 AM NPT By: Hari Prasad Shrestha
Neither Britain nor India can imagine the absence of Gurkha soldiers in their armies. As a result of their braveness and combatant superiority, both countries have high respect and trust in the Gurkha army.
Nepal’s Dreams of Hydro Dollars
Published On: February 3, 2023 07:37 AM NPT By: Hari Prasad Shrestha
The growing interest of neighboring investors in Nepal’s hydropower reaffirms that energy is an area where all the countries of South Asia have much to gain through cooperation, and Nepal’s surplus electricity would fulfill their power demands at a considerable level. It would support transforming Nepal’s economy in a new horizon by fulfilling Nepal's dreams of earning hydro dollars.
Nepal's Shrinking Revenue Collection
Published On: January 26, 2023 08:30 AM NPT By: Hari Prasad Shrestha
Nepal Rastra Bank has removed the provision of cash margin for the import of some luxury items and the government has also lifted the ban on all items previously restricted for import. It would contribute to the revenue collection to some extent.
Why is Nepal Dallying BRI Projects?
Published On: January 19, 2023 09:30 AM NPT By: Hari Prasad Shrestha
Nepal could benefit from better connectivity ties with its northern neighbors through BRI projects but to be able to do so, it is important that Nepal negotiate better with China.
Poverty and Inequality Devastating South Asia
Published On: January 12, 2023 09:15 AM NPT By: Hari Prasad Shrestha
Poverty and inequality, which almost always go part-and-parcel, are severely striking almost all countries of the South Asian region.
Why an Int’l Airport Must be Built in Nijgadh
Published On: January 7, 2023 09:00 AM NPT By: Hari Prasad Shrestha
Nijgadh was recommended as the most suitable location for an international airport out of eight different sites after a pre-feasibility study carried out in 1995. The recommendation was based on factors like topography, close distance from Kathmandu, the border with India, land availability and requirement, obstruction zoning, runway orientation, space for future expansions viability, and also environmental reasons.
Nepal Needs Deep Economic Reforms
Published On: December 31, 2022 09:30 AM NPT By: Hari Prasad Shrestha
It is not tolerable for Nepal to always be one of the bottommost economies of the world; strong application of an appropriate economic model has been inevitable to revamp the backwardness of the nation.
US Seeks Closer Ties with Africa
Published On: December 23, 2022 10:00 AM NPT By: Hari Prasad Shrestha
The US has completely realized the importance of Africa and investing in Africa is not just about competing with China and Russia; apart from the natural resources, Africa is an epicenter of tremendous opportunity. If human capital truly is the greatest asset for economic growth, Africa has unappreciated potential.
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