Stories By 'RUPAK D SHARMA'
Binod Chaudhary probably does not need any introduction in Nepal. Better known as the first and the only Nepali to be featured in the Forbes billionaire list, Chaudhary’s bittersweet journey and success story, chronicled in his memoir, has inspired many in Nepal and beyond.
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Nepalis’ quest for a stable government, which remained a wishful thinking for quite a long time, has finally come to an end with KP Sharma Oli assuming the prime minister’s seat on Thursday.
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The Nepal Rastra Bank, the central bank, has tacitly said it would not come to the aid of banks and financial institutions that are facing shortage of funds that could be disbursed as loans.
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Did the central bank make a mistake by not pushing for merger of banks and financial institutions when recapitalisation process began in the banking sector two-and-a-half years ago?
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Globally, social security schemes are meant to ensure that workers do not drop out of the labour market. But Nepal seems to be headed in the opposite direction.
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Controversial businessman Ajeya Raj Sumargi and firms affiliated to him have brought around Rs9 billion illegally to Nepal through ‘suspicious companies’ based in tax havens, signalling involvement in shady business deals.
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