Stories By 'RAM C ACHARYA'
Nepal’s history is full of glory. Our ancestors shared the composition of the Vedas about 4,000 years ago. They gave the world Buddhism 2,500 years ago.
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During Dashain, I had the opportunity to see paddy fields in different parts of Chitwan while driving and cycling with my nieces and nephews.
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Public policies—a system of laws, acts, regulations, courses of action, and funding priorities of the government—determine the pace of a country’s economic development.
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In 1975, an average Nepali, Chinese, and Indian had the same income. Since then, during the course of the last 40 years, what happened in these three countries is incredible. The income of a Nepali has slightly more than doubled, while that of an Indian has doubled twice and that of a Chinese has doubled five times.
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If the gross domestic product (GDP) of Nepal—total income generated within Nepal’s political boundary—in 2015 is shared equally among the people in the country, each will receive about $735.
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A few months ago during the fuel crisis, a team of Members of Parliament (MPs) had visited Nepal’s northern districts bordering China to learn about the mountain passes that were used for trade between the two countries in the 19th century and see if they could be used to import oil.
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