Survey paints bleak financial picture

  • Growing budget deficit
  • Depleting foreign reserves
  • Per capita debt Rs28,963
  • GDP growth 5.9 percent to Rs3 trillion
Post Report, May 28 2018
Shaligram Tiwari
As Finance Minister Yubaraj Khatiwada prepares to unveil the budget for the next fiscal year on Tuesday, he faces an uphill task of oiling the state machinery with the federal government reeling under financial stress, mainly due to growing budget deficit and depleting foreign reserves.
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House passes policies and programmes

    SANJEEV GIRI, May 28 2018

    The House of Representatives on Sunday endorsed the government’s policies and programmes for the fiscal year 2017-18 unanimously.

    The motion to pass the policies and programmes was tabled at the House meeting for decision after Prime Minister KP Sharma Oli responded to lawmakers’ concerns over the plans.

    President Bidya Devi Bhandari presented the policies and programmes in the federal parliament on May 21. A deliberation on the document lasted four days.

    Except for the amendment proposals tabled by Nepali Congress lawmaker Minendra Rijal and Anil Kumar Jha of the Rastriya Janata Party-Nepal all other suggestions were taken back. Ultimately, the two proposals were rejected by a majority of lawmakers.

    The opposition NC chose to stay silent when Speaker Krishna Bahadur Mahara asked lawmakers to voice their approval or disapproval for the House decision.

    “Since no voice was heard against the government’s policies and programmes, it has been endorsed unanimously,” Mahara announced.

    Addressing the House earlier, PM Oli said the government was setting up measures to honour the rights and freedoms of the people and to create ground for the people to exercise their civil liberties.

    Responding to MPs’ concerns, Oli said the policies and programmes of the government supported the constitutional characters of multi-party system, periodic election, fundamental rights, respect for dissent, separation of power and independent judiciary.

    “The policies and programmes say that the country achieves prosperity through development and efficient governance,” Oli said. During his two-hour speech in Parliament, the PM defended the policies and programmes while saying that the ideas were “ambitious” but worth implementing. “The policies and programmes represent popular ambitions,” the PM clarified.

    On the demand for constitution amendment, Oli said the dynamic document could be amended as per the need and relevance. The National Assembly also passed the policies and programmes with a majority.

    full story »

    Pre-labour permits for Malaysia halted

    CHANDAN KUMAR MANDAL, Kathmandu, May 28 2018
    The process of sending workers to Malaysia, one of the most popular labour destinations for Nepalis, has been halted temporarily with the government closing pre-labour permissions, the first step in migrant worker recruitment.

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    Economic mapping of provinces

    Post Report, Kathmandu, May 28 2018
    The survey has presented economic and social indicators of the provinces. Provinces 2, 5, 6 and 7 lag behind the national average in multi-dimensional poverty. Karnali has the highest multi-dimensional poverty.

    full story »

    ‘Senior police officers, political leaders involved in gold racket’

    Post Report, BIRATNAGAR, May 28 2018
    Chudamani Upreti aka Gore, the alleged mastermind behind 33 kg gold smuggling case, told Morang District Court on Sunday that high-ranking officers of Nepal Police and political leaders were tied to the international gold smuggling racket.

    full story »

    Main News

    SSF-N gears up to join government

    TIKA R PRADHAN, May 28 2018
    The Sanghiya Samajbadi Forum-Nepal (SSF-N) has reviving the stalled dialogue with leaders of the Nepal Communist Party, signalling that it could join the KP Oli government.
    full story »

    ‘Congress will fight any attempts to suppress democracy, free press’

    Post Report, May 28 2018
    Nepali Congress President Sher Bahadur Deuba has said his party will take it to the streets against any attempts of anarchy and totalitarianism.
    full story »

    Kantipur-Hissan Edu Fair a big draw

    Post Report, May 28 2018
    The Kantipur Hissan Edu-Fair has yet again attained it objective to be a key meeting point for students and institutions, drawing more than 200,000 visitors, including students and their parents, to this year’s event which concluded on Sunday.
    full story »

    Money

    World

    As many as 11 persons died and 19 others were injured when a speeding truck hit a group of Hindu pilgrims in Champawat district of Uttarkhand in India on Friday. The pilgrims were heading towards Purnagiri Temple to offer worship, according to The Times of India.

    The pilgrims from Bareilly in Uttar Pradesh were on their way to the hilltop temple, well known in the region, when they were knocked down by a dumper truck coming from behind.

    The accident took place at 5am at Bichai, Tanakpur sub-divisional magistrate Anil Chanyal said.

    Nine pilgrims were killed on the spot and two others succumbed to their injuries while being taken to hospital, the district disaster management office in Champawat said.

    The group was following the `dolas' (palanquins) of Purnagiri Devi, placed on two tractors, when the accident happened, the Tanakpur SDM said.

    The devotees, still about 30 km from the temple, were travelling on foot as a mark of gratitude towards the deity for fulfilling their wishes, he said.

    The seriously injured pilgrims were admitted at a hospital in Khatima and the others taken to Tanakpur, he said.

    The dead included Vir Singh (18), Sonu (8), Vishal (17), Ram kumar (16), Deendayal (35), Babu (12), Kesher Singh (16), Ramswaroop (40), Sohan (40) and Kamal (19).

    They were all from Baheri in Bareilly district, the SDM said.

    Uttarakhand chief minister Trivendra Singh Rawat expressed grief at the loss of lives and asked Champawat district magistrate Ahmad Iqbal to ensure proper treatment to the injured.

     

    Entertainment

    Health & Style

    Fiction Park

    The great escape

    Abha Dhital, May 27 2018
    As the sun shone brightly above her, Bini’s body struggled in the heat. She could feel every inch of her body sweating.
    full story »

    Saturday Features

    ERGO, ERGONOMICS

    CHANDAN SAPKOTA
    Economics and business books written in Nepali language for general audience are pretty rare. Sujeev Shakya—author of Unleashing Nepal, published in 2009 by Penguin Books India (revised edition in 2013)—has attempted to fill that void with his new book titled Arthat Arthatantra-Nepali Illam ra Udhyamko Yatra, published by nepa~laya. It is largely based on his English book but some updates contextualise political and socio-economic developments since 2009, offering fresh perspectives that interestingly depart from well-worn narratives.

    A writer’s legacy

    Niranjan Kunwar
    Uttam Kunwar collapsed inside his bathroom on May 26, 1982, precisely two weeks before I turned one. It was a sudden death, the result of a massive cardiac arrest. Uttam Kunwar was my Thulobuwa, my father’s older brother, and he was only 44 years old. There is a photo of him carrying me but I was too little to remember any of this. As far as I know, I never met him; our paths never crossed. Our existential spheres did not overlap.

    Rich wives, poor husbands!

    Guffadi
    Let us all thank our man Oli and his courtiers for letting us know about how much gold, land and other stuff they own as if it will make us feel better to know that most of our mantris are rich folks and will not engage in corruption to enrich themselves further.

    Commuting in a lawless country

    Mohan Guragain
    A typical scene on a bus plying the Koteshwor-Maitighar route, which I use almost every day, is something like this: The khalasi is precariously hanging on the door of the vehicle, hailing passengers, no matter whether the bus is empty or packed to the rafters. Those who can grab seats are lucky but not spared from the nauseating crowdedness of the bus.

    Daybreak at Kalimati

    Kalimati—a chaotic intersection, where onrushing traffic from Kalanki, Balkhu and Teku, crash into each other—can be a discombobulating place to be in during the day. With horns a-hooting, vehicles kicking up black soot and dust, and a sea of pedestrians trying to outpace each other, Kalimati, it is safe to say, is a place most people generally seek to avoid.

    The eloquence of silence

    SANDESH GHIMIRE
    The Ugly Duckling turned out to be a misnomer. Bullied for being different, slow and clumsy compared to his siblings, the so-called ugly duckling struggled all his life to find love and acceptance. He wanted to fit in. And he almost broke himself trying. Only to later realise that he was not a duck but a Swan.

    Fifty shades of meta

    OBIE SHRESTHA
    In reconnecting with the Merc with a Mouth, aka Wade Wilson, aka Deadpool (Ryan Reynolds) two years after we’d first been introduced to the character, we find him more or less settled into the crime-fighting life—chopping off the heads (and assorted limbs) of evildoing mob bosses and ring-leaders by day, romancing fiancée Vanessa (Morena Baccarin) by night. In fact, things are going so great that he and Vanessa have decided to go ahead and start a family together.

    Top spinner

    ADARSHA DHAKAL
    Nepal’s leg spin prodigy Sandeep Lamichhane distinguished himself in an international platform last week and had the whole country celebrating as a result. Sandeep’s success has become a matter of national pride and has further bolstered the prospects of the newly-inducted Nepali Cricket team making a mark on the One Day International (ODI) stage.

    The yearning for a spiritual, peaceful space

    Nabaraj Lamsal is a familiar name in the field of Nepali literature, journalism, and cultural studies. The voice behind popular literary radio programmes Madhuban and Soor Sangam, 48-year-old Lamsal is also deputy director at the state-owned Radio Nepal.