Stories By 'ACHYUT WAGLE'
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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Singha Durbar, the iconic personification of Nepal’s state power, has undergone a number of jolts after the arrival of KP Sharma Oli on its premises as the first prime minister of a federally restructured Nepal.
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The new left alliance government headed by CPN-UML Chairman KP Oli inherits an economy that is trapped in a chronic, vicious cycle of low investment, low productivity, low growth and low equity.
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