Stories By 'ACHYUT WAGLE'
Right after adopting federalism, proposing another big change sounds preposterous
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Nepali politics got rid of the conspiracies of the ‘crown’ when the monarchy was abolished a decade ago. Instead, a huge horde of ‘clowns’ entered into the country’s political stage.
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Chinese President Xi Jinping and Indian Prime Minister Narendra Modi held an ‘informal summit’ meeting in the city of Wuhan in Hubei province of central China on April 27-28, 2018. The Chinese choice of Wuhan was more due to symbolic significance than arbitrary selection.
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Blended finance is the latest reincarnation of development finance. Traditionally, development finance was defined as specialised financing to bridge the gap between commercial investments and livelihood support doled-out by the state for social causes. In Nepal, development finance was simply understood to be analogous to microfinance.
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One single, unambiguous message that Finance Minister Yubaraj Khatiwada imparted through his white paper last Friday was: the new communist government has to contend with the fatal temptation of reverting to a state-controlled ‘socialist’ economy.
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Last week, the India Foundation organised its annual counter terrorism conference in New Delhi. One of the topics of informal discussion on its side-lines was the plausibility of the revival of the Nepali monarchy.
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