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Nepal

NRB again is in jeopardy this time — to intervene or not to intervene. Do they have choices? No. Hence, it is better to act sooner as the 2008 global meltdown has already proved that profits are private and the losses public

 

Make no mistake: solid and credible policy options are available. After years of mediocre economic performance, there is widespread agreement that a shift away from excessive dependence on unconventional monetary policy is needed

 

Things start falling apart when the centre cannot hold because it is too busy dividing up the spoils.

 
Almost all the parliamentary panels give directive to the government on areas that do not fall under their jurisdictions  
 

Last week, Nepal’s Supreme Court settled two major cases. A three-member bench annulled the appointment of Lokman Singh Karki, chief of the anti-graft constitutional body, inferring that he lacked the necessary qualification and the “high moral character” the office called for.

 

Top leaders of the four main political parties will meet tomorrow to discuss and evolve a common stance on the formation of the interim cabinet and who should be the speaker in the interim legislature.

 
Rudderless due to unawakened masses, Tarai-Madhesh remains almost leaderless even after a decade of the first major upheaval Abrogation of the Interim Constitution, adoption of a federal structure, fresh delineation of electoral constituencies on the basis of population, and proportionate inclusion of Madheshis in the state apparatuses were some of the primary demands of the popular movement in the winter of discontent ten years ago. Back then, Upendra Yadav—a little-known former UML cadre and a renegade Maoist from Biratnagar—was spearheading the political drive.
 

It is that time of year again, and the government is getting ready to mark the annual National Earthquake Safety Day on 15 January. Once more there will be speeches, pledges and promises but no one has any hope of any quantum leap in making up for lost time on reconstruction, or in preparing for future shocks. 

 

The parliamentary committee investigating the Nagarkot massacre and the Belbari killing has directed the government to bring the then Home Minister Kamal Thapa at the committee’s meeting tomorrow at any cost.

 

As the bill has given more legal teeth to the NRB no persons in the BFIs management will dare indulge in financial irregularities as in the past

 


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