Stories By 'ACHYUT WAGLE'
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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When Indian External Affairs Minister Sushma Swaraj landed in Kathmandu last week for a 23-hour ‘friendly’ sojourn, Nepali cinema theatres screening the Bollywood movie Padmaavat were overcrowded,
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The perils of the infamous ‘Dutch Disease’ syndrome on the Nepali economy, due to its overdependence on migrant workers’ remittance receipts, are gradually being exposed. Nepal Rastra Bank (NRB) in its review last week said,
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Nepal reels under yet another round of unrest caused by transport strikes and loss of life and property across the country; from Dhankuta in the east to Doti in the west, and almost half a dozen towns and cities in-between.
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What is clearly missing in the agenda of the otherwise acrimonious debate in Kathmandu-centric power politics is the concern for Nepal’s fledgling federalism. No political party or leader of wielding influence seems bothered by the federal polity’s rather dangerously flickering fate.
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Elites in the power corridors of Kathmandu are baffled more by the ‘unexpected’ rout of the Nepali Congress (NC) in the recently concluded parliamentary polls than by the emphatic win of the UML-Maoist communist alliance by almost a two-thirds majority.
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