Contradictory to the expectation of many economists, Finance Minister Dr. Yubaraj Khatiwada has presented a budget undermining the economic reality of the country. Bowing down to the pressure of his party leaders, finance minister Dr. Khatiwada gave up his own stand and economic reality and reforms. At a time of depleting financial resources, Nepal needs to go for borrowing to pay the increased salary of government employees and social welfare allowances. Given declining productivity, increasing import and unpredictable weather and meager budget for development, achieving high growth of 8 percent will be unlikely.
By A Correspondent Jun 07, 2019
At a time when Nepal is working to woo the investors from the Republic of Korea, Ambassador of Republic of Korea to Nepal Park Young-sik spoke to New Spotlight on various issues regarding the present state of Nepal and Korea Relations. Excerpts:
By A Correspondent May 27, 2019