We wish Mahat luck in arresting further deterioration in the economy at a time when growth is expected to be around 2 percent this FY, inflation is on the rise (above 7 percent), internal demand has contracted and so has industrial output, all pointing towards an impending stagflation.
By Dr. Tilak Rawal Jun 09, 2023
Beyond doubt, political situation in the country has continued to remain instable and the trio’s (Deuba,Oli and Prachanda) post-election acts seem to have contributed towards enhancing political fluidity. The major beneficiary of this political chaos has been Deuba who has not only succeeded in quietening his opponents within the party but has made considerable headway in bringing Prachanda back to him. A master manipulator, Deuba, cannot be behind the other two, which is shown by his untiring efforts to push the two adversaries-turned-friends apart.
By Dr. Tilak Rawal Feb 27, 2023
People are not that keen about who ascends to the seat of power because no leader so far has shown genuine concern for the suffering of Nepalis and done something to relieve them of anxieties emanating from different sides at different periods of time. In the new situation unfolding before us, people are likely to see our leaders engaged in more intense destabilizing power battles aimed at furthering their personal and group\party interests, often at the cost of this country and its people.
By Dr. Tilak Rawal Dec 10, 2022
The present situation in Nepal reminds one of the politicians in some African countries who have been, since long, leaving no stone unturned to grab political power, which has become the most effective tool to loot these mineral-rich countries with rampant corruption and abject poverty. It may not be too difficult to draw parallels between what is happening there and here.
By Dr. Tilak Rawal Aug 18, 2022
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