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Nepali economy

Lessons to learn

By Prajwal Shrestha After Indian PM announced ban on high denomination Indian notes, the Nepali people have also become victims. It is estimated that commoners are holding billions of rupees of such banned Indian currencies.  They are confused, whether they can exchange the Indian currencies with them or not. This …

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A hue and cry

By Prajwal Shrestha After Indian prime minister Narendra Modi announced a ban on Rs 500 and 1000 denomination Indian notes, there has been a hue and cry in India. Nepal has not remained aloof from the impact. It is believed that there is the stock of about nine billion such …

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Mukharjee said, “stable and prosperous Nepal”!

By Prajwal Shrestha India’s ceremonial President Pranav Mukharjee, during his stay in Kathmandu, said that he has wished to see a stable and prosperous Nepal. He said that the country should move towards political stability and economic development, which sounds very good. In reality, Mukharjee is one of the Indian …

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Economic health of the country

By Prajwal Shrestha Our political leaders are excellent actors. They are never tired in giving big speeches but when they find opportunity to enjoy government funds, they never miss the chance. When the cabinet meeting had proposed to provide financial support to the ailing octogenarian leader and former prime minister …

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Can we make Nepal self-sufficient?

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By Prajwal Shrestha Read the report that in our international trade, the country is facing losses worth 2 billion rupees per day. In this way, in a month, the loss will amount to 60 billion rupees. Nevertheless, our balance of payment was positive due to the remittance revenue that the …

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Ruined economy: Who to be responsible?

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By Prajwal Shrestha We have everything but we don’t have anything. Today, in the era of this ‘loktantra” Nepal’s main source of earning foreign currency has become remittance revenue. From a exporter country, we have become an import based nation. If we look back to the history, Nepal had surplus …

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Did we forget economic embargo?

By Prajwal Shrestha The weakness of the Nepali people is that very soon they forget the past. Last year, when we were very badly suffering from the devastating earthquake, we had to face yet another crisis due to the intentional economic embargo imposed by our “special friend” India. The Nepali …

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Adverse economic trend

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By Prajwal Shrestha The country’s revenue is based on taxes imposed on imports instead of excise duty on exportable products. As our exports are nominal, revenue from exports of the goods is also nominal. The Finance Ministry has encouraged revenue collection from imports of goods from foreign countries. The customs …

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Not a positive syndrome

By Prajwal Shrestha Reports state that Nepal imports billions of rupees worth of confectionaries. According to the report, this year, Nepal imported confectionaries worth 6 billion 349 million rupees and chewing-gum worth one billion 847 million rupees. This report is very much disgusting as Nepal is spending a huge amount …

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Defining nationalistic economic policy

By Prajwal Shrestha One cannot hide the fact that King Mahendra had tried to define nationalistic economic policy. King Birendra also contributed a lot to make Nepal a self-reliant nation. Until the introduction of multiparty democracy, Nepal’s economy was far better than the what it is at present. Nepal is …

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