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Nepal

The cutoff of diplomatic relations by some major gulf countries with Qatar last week has put thousands of migrant workers in precarious position with the rising cost of living and the possibility of mass layoffs from the construction sites.

 

Most public enterprises operating are running at a huge loss amounting to billions of rupees. Time has come to consider whether it is necessary to keep such enterprises when the private sector can do the job better.

 

The Commission for the Investigation of Abuse of Authority (CIAA) nabs some people from time to time and files legal cases of corruption against them in the Special Court.

 

Nominations for the local level election in Province numbers 1, 5 and 7 under the second phase concluded yesterday in a peaceful manner. Candidates of all political parties and independent ones filed their nominations for rural and urban municipalities

 

It is true that many of the economic reforms in the country are either stalling or being abandoned because of frequent changes of government, on average, hardly of more than one year’s duration. Experts and even politicians agree with this assessment.

 

It is true that many of the economic reforms in the country are either stalling or being abandoned because of frequent changes of government, on average, hardly of more than one year’s duration.

 

It has been three years since the Special Economic Zone (SEZ) came into operation in Bhairahawa with a view to attract more domestic and foreign direct investment for export-oriented industries.

 

It has been realized that road expansion alone is not helpful in dealing with the traffic congestion in the Kathmandu Valley.

 

The Nepal Rastra Bank (NRB) has released statistics of remittances inflow into the country during the first ten months of the current fiscal year, indicating a declining rate of increase compared with the previous year.

 

Buoyed by the government policy on the energy sector, various banks and financial institutions have signed financial closures with a number of hydropower projects generating around 500 MW of electricity recently.

 


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