Economists warn a big budget will send prices soaring
An overblown budget, a tendency in Nepal, could result in tax-inflation, ultimately hitting the public.
An overblown budget, a tendency in Nepal, could result in tax-inflation, ultimately hitting the public.
Global price rises, devaluation of the Nepali rupee and artificial price hikes by traders pushing goods and services out of reach.
Single-phase vote also stressed security, making forces unable to contain the violence.
There are some reports of violence in different parts of the country, but the vote was largely peaceful.
Many wait for hours to get seats with most vehicles exiting Kathmandu jam-packed.
Central bank expects currency in circulation to rise by Rs10-15 billion during the elections.
Sluggish capital spending and liquidity crunch also blamed.
The Election Commission has announced it will deploy officials to monitor campaign expenditures, but analysts say they see little chance of action against overspending, a key source of corruption.
The grand old party, which believed in free and open market policy, is now toeing the line leftist forces followed.
Nepal Electricity Authority has permission from India to sell up to 364 MW in the Indian market.
Nepal’s external economic situation isn’t worsening to the level of Sri Lanka but warning signs are visible, experts say.
The fund remained idle during the second and third waves due to political wrangling.
Nepal Electricity Authority wants a $400m loan from India to fund the project.
Dhaka’s offer to sell energy to Nepal when it faces a deficit and buy Nepali surplus electricity during the wet season could be a win-win for both countries.
Supply disturbance from the southern neighbour has forced the Nepal Electricity Authority to repeatedly cut power to the sector.