Not many believe that the current dispensation would address the urging of Nepalese consumers to protect them from rising prices of essentials and provide fertilizers to farmers facing scarcity of it. Small wonder, majority of hard-hit and somewhat ignored people have very little interest in what is read in the Parliament.
By Dr. Tilak Rawal Jun 05, 2022
During the past ten years, Nepal’s economy grew on average by 4.4 percent. If we extend the time to cover a period of twenty years, average growth descends further to 4.1 percent. On average, economy in the last three years grew by just 1 percent. This year also, the economy is expected to grow by less than 4 percent. In terms of performance of the economy, the two governments, led by Oli and Deuba respectively, do not look much different.
By Dr. Tilak Rawal Apr 24, 2022
The Unity General Convention of the Rastriya Prajatantra Party held in Kathmandu during first week of December, has elected Rajendra Lingden, a monarchist and a non-secularist, as its chairperson. He is likely to push with full force the much talked about two issues of giving space to monarchy in the system and declaring Nepal a Hindu state, which could be effected preferably through constitutional amendment. Even if put to referendum, the verdict will be in favour of the two, many independent observers feel. Prime Minister Deuba, currently working hard to get reelected as party president, may note that our nation is facing serious issues in acomplicated environment and timely resolution of these issues could only save this country headed for a disastrouscrash landing.
By Dr. Tilak Rawal Dec 10, 2021
For now, let us hope that Prime Minister Deuba, who has displayed tons of patience and shown flexibility of all kind in running difficult coalition governments in the past, does not let his patience wear thin this time around and gives adequate attention to our serious economic problems so that he could show to the people that he is also a better manager of the economy than most other prime ministers.
By Dr. Tilak Rawal Oct 05, 2021
It is undeniable that other political parties have also contributed to the existing fluid political situation but people cannot just help pointing a finger of accusation towards the ruling party and its leadership for failing to manage the country and the party even when the government continued to enjoy near two-thirds majority in the House for about 3 years. It is disheartening that numerous writ petitions were filed in the SC, challenging Oli’s controversial style of managing state affairs.
By Dr. Tilak Rawal Jul 16, 2021
In his next stint as head of the government, he has to show that a shrewd politician can be a competent economic manager, too so that people of this nation would stop thinking that politics practiced here has been as harmful an enemy of Nepalis as the pandemic.
By Dr. Tilak Rawal May 09, 2021
India, fast emerging as a major economic power of global scale, looks engaged in a healthy competition on economic front with the second largest economy in the world and predictions are that it will be fast leapfrogging many other economies to be near China (likely to be the largest economy soon), which has become the first country to register positive economic growth of around 2 percent in 2020
By Dr. Tilak Rawal Jan 30, 2021
Looking at the prevailing situation, there should be no hesitation in admitting that Nepal is not at all stable economically, too and people are desperately wanting stability on both fronts (political and economic), which can be ensured by a result-producing good, honest and clean government like the one once led by Lee in Singapore, which is voted back to power endlessly.
By Dr. Tilak Rawal Dec 01, 2020
In our case, the new budget has thrown lots of cold water on the expectation of relief-seeking common people and those engaged in productive activities who were expecting solid package in the budget to help them get out of the mess they have been pushed into by the virus
By Dr. Tilak Rawal Jun 23, 2020
Resource-poor countries in the world have to act smart in accessing bilateral and multilateral sources of help and assistance so that their economies do not take a plunge into an unfathomable mess of misery\poverty recovery from which could take years of hard work and sacrifice.
By Dr. Tilak Rawal May 18, 2020
Apprehended serious disruption in Chinese supply chain could push up currently depressed global inflation level. Let us hope the current level of inflation in Nepal (6.4 percent) does not gallop and pray that Lord Pashupatinath protects us from the current virus as we were saved in 2003 from Severe Acute Respiratory Syndrome (SARS), originating in China, which spread to scores of countries in Asia but Nepal.
By Dr. Tilak Rawal Feb 23, 2020
Current account deficit has also declined from Rs. 35.16 billion in two months of last fiscal year to Rs.21.79 billion this year. Similarly, BOP has remained positive by Rs. 8.83 billion in sixty days of this fiscal year, which was negative by Rs. 25.45 billion in the corresponding period of last fiscal year.
By Dr. Tilak Rawal Nov 13, 2019
There are problems all over the world and we need not panic looking at our problems, if we have the determination to confront problems honestly. A confession that our economy is in a bad shape, by those at the helm of affairs, should be the starting point. Confession should not be difficult to come by when one remembers how bad was the situation last fiscal year when trade deficit increased in an unprecedented manner, BOP remained negative throughout the year, capital expenditure took a nose dive, foreign exchange reserve showed depletion, FDI decreased and revenue target had to be changed time and again. Mere professing about growth and prosperity is not going to help because it is difficult to see which sector of the economy is emerging as an increasingly powerful growth engine to fulfill the proclaimed 11 percent growth.
By Dr. Tilak Rawal Sep 08, 2019
Trump has imposed fresh sanctions on Iran and threatened it of total obliteration. We can simply pray that things do not go much beyond the US retaliatory cyber-attack against Iranian missile control system so that situation does not seriously deteriorate in the Middle East\Gulf, which could further complicate matters in Nepal with depleting foreign exchange reserve and alarming trade and current account deficit. Internally, late and inadequate monsoonal rains, projected to be 30 percent less this year, and reported shortage of chemical fertilizers may negatively affect paddy output, a major contributor to Nepal’s gross domestic product. May Lord Pashupatinath continue to save this nation and its people?
By Dr. Tilak Rawal Jun 30, 2019
In the midst of these hiccups, government is expected to proceed with the annual works in a ritualistic fashion. Lots of crumbs spreading is likely to be seen in the budget, which is certain to be distributive\populist as there is tremendous demand coming from politicians for inclusion of populist programmes.Growth has to be achieved first then comes the question of who gets it, let us not forget. May the writers of the budget not forget that an opportunity for stable growth backed by strong domestic demand is in the offing?
By Dr. Tilak Rawal May 21, 2019
Our Prime Minister would do well by stopping himself and his colleagues from painting a rosy picture of the economy at a time when trade imbalance is on the rise, balance of payment is negative, current account is in deficit, foreign exchange reserve is decreasing and foreign investment has registered a sharp decline. Opposition leaders should also not be too hard on Oli because the mess that the economy is in today cannot be solely blamed on the still- young government led by him
By Dr. Tilak Rawal Jan 26, 2019