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
This has already led to talks of easing sanctions against the North Koreans. Secondly, by increasing talks with the USA, the DPRK has put pressure on Beijing as they do not want a US friendly North Korea on their border.
By Raunak Mainali Sep 05, 2019
There are four hydro projects described in the Gandak Basin Master Plan, which are located near the confluence of the Andhi Khola and Kali-Gandaki ……. They are (1) Kali-Gandaki 1 ; (2) Kali-Gandaki 2; (3) Kali-Gandaki A; and (4) Kali-Gandaki Tinau Diversion Project.
By Dr. A.B. Thapa Aug 27, 2019
If one looks at the issue globally, one sees technical innovations hogging the limelight, putting other factors in the shade. It was Nicola Tesla who was really "the man who invented the 20th Century" with his brilliant innovations that gave us universal electricity; however, it was Thomas Edison who really marketed those ideas successfully.
By Dipak Gyawali Aug 23, 2019
The availability of ever-increasing numbers of highly educated and well-skilled Nepalis in the US, their readiness to contribute towards Nepal's prosperity, and welcoming policies and steps initiated by the Government of Nepal, are all essential ingredients for mobilizing and harnessing the expertise and skills of the Nepali Diaspora for Nepal's development. However, this new era also raises a new challenge – that is, developing a financial resource base that could be accessed on a sustainable basis to harness the expertise and skills of the Nepali Diaspora in a timely manner for specific priority areas. Therefore, it behooves us all to think 'outside of the box' and explore new opportunities.
By Shyam Thapa Aug 22, 2019
In the context of economics, inter-dependency simply refers to economic interdependence of two or more nations as we have witnessed during the past decades of globalization, expansion of market, trade, investment, innovation and development of technology beyond the borders of industrialized economies of the West
By Kedar Neupane Aug 19, 2019
Writer’s Note: Recently Kathmandu Post (Money – March 20, 2019) headlined the news “Upper Trishuli-3A Slated to Begin Generation in April 2019”. The commissioning of this 60 MW Trishuli-3A hydropower project is indeed very good news at a time when Nepal is resorting to heavy import from India. Another newspaper Republica also reported on March 28, 2019 “Prime Minister KP Sharma Oli secures 20 units of share of Trishuli IIIB (37 MW) hydropower project under the government’s People’s Hydropower Program.” As institutions have no memory and public memory is short, the writer would like the readers to go back to July 2013 Hydro Nepal journal wherein the 60 MW versus 90 MW battle over Upper Trishuli-3A was chronicled in detail. If the government had stuck to its 90 MW decision for Upper Trishuli-3A then the cascading Trishuli-3B would have also been upgraded to 55 MW. The writer thanks Hydro Nepal for kindly giving their permission to reproduce that article.
By Shanta Bahadur Pun Jul 19, 2019