KATHMANDU: The present context of globalisation has linked the entire world as a single global market; neither Nepal nor its
financial market is an exception to this fact. Revolutionary technological development has made quick and easy access to every possible market, as a result of this shrunken world, the financial and economic inter-c ... More
KATHMANDU: With the new people’s mandate in the elections to the second Constituent Assembly held on November 19, 2013, curiosity is afoot about the formation of a new government and its functioning in the days ahead.
The formation of a new government, however, is not the ultimate objective of the Constituent Assembly, because ... More
LONDON: Six years after the global financial crisis erupted, there is any number of explanations why Europe cannot shake off a Japan-style balance-sheet recession and why the United States is experiencing sub-par growth and high unemployment.
Governments and households racked up too much debt to sustain living standards. Demographic tailw ... More
SINGAPORE: In the build-up to the last Constituent Assembly elections, the Madhesi parties emerged as a major political force to be reckoned with — one that had enough clout to make or break governments, besides of course, being in a position to influence the lives of the people of the constituents they were representing. In doing well in ... More
KATHMANDU: As the 33-party alliance has declared a strike to foil the election and the government has announced official holidays in retaliation the common man is caught in the crossfire which displays the insensitiveness of politicians and the state towards the rights of people.
Against the 10 day long strike called by the 33 party alli ... More
KATHMANDU: Nothing on earth is immortal, not even the earth herself because she was born too — irrespective of the birth process. There are political boundaries on earth made by people where several governments run in their own style and usually think themselves above natural government. Coming to the governments run on earth, I felt ... More
NEW YORK: The next Federal Reserve chief appears set to direct the central bank’s might at ensuring financial stability and stern banking with the same vigor it currently applies to its traditional mandates of fostering price stability and maximum
The question of monitoring and stabilising Wall Street was a ... More
KATHMANDU: As the government provides social security allowance to special citizens, it is high time a review of the effectiveness of social security is carried out so that it can be modified to better serve public welfare. In fact, the concept of providing an allowance for elderly people, single women, disabled and indigenous people under the c ... More
KATHMANDU: The Federal Reserve is continuing its stimulus package even though economic indicators show that things have
improved since the 2007-2009 financial crisis and after that. So, what is driving the world’s leading economy to continue the spending with measures such as Quantitative Easing (QE). The answer might be the sluggi ... More
WASHINGTON: US job growth unexpectedly accelerated in October as employers shrugged off a partial government shutdown, suggesting the economy was on firm footing and raising the prospect the Federal Reserve may soon decide to temper its bond-buying stimulus.Employers added 204,000 new jobs to their payrolls last month, and 60,000 more jobs were ... More
SINGAPORE: The relationship that poor countries such as Nepal have with development institutions such as the World Bank is a complex one. On the one hand, countries are weary of what is perceived as too much intervention by the bank in domestic economic affairs. Yet, on the other, they rely on the same bank to help set the economic agenda in the ... More
KATHMANDU: When one’s money is invested in some avenues for potential profit, the concerned individual usually spends monetary
resources to gain knowledge in the form of research, seminars, workshops et cetera to explore the opportunities involved. The trading systems learned from such activities will leave a false notion of ... More
KATHMANDU: In its report, the International Commission of Jurists (ICJ) uncovered the growing state of impunity in the country showing how power holders and security forces have exercised power to fuel such a state of impunity.
Releasing its report ‘Authority without Accountability: Struggle for Justice in Nepal’, last week, ... More
BRUSSELS: International inspectors are set to put on hold a trip to Athens because they have been unable to bridge differences with Greece over how to close a two billion-euro hole in its 2014 budget, Euro Zone officials said. Athens, however, denied there had been any changes to the inspectors’ scheduled return early next week, and a spok ... More
KATHMANDU: A report was submitted recently in the Supreme Court stating that Kavre District Police Office is still investigating a homicide case from 10 years ago and has not been able to complete the probe.
In its report, the District Police Office stated that it has directed its subordinate police posts to produce some persons relating ... More
SINGAPORE: As Nepal readies itself for a second election to a Constituent Assembly (CA) to be held next month, there is much excitement and hope among people. Most political parties have released their manifestoes and their candidates have started campaigning with fervour, going door-to-door in their constituencies. A few election observers from ... More
KATHMANDU: In his literary masterpiece, A Tale of Two Cities, Charles Dickens commenced with the ensuing lines, “It was the best of times, it was the worst of times...” Nobody could have even deliberated that the aforementioned lines could be used years later to describe the status of the global economy in disarray. The global econom ... More
NEW YORK: World equity indexes were near five-year highs on Friday as major US technology companies propelled Wall Street to another day of gains, sending the S&P 500 index to close at a record.
Reversing early weakness, the euro slightly rose against the dollar, hovering close to a two-year high, as souring German business morale did ... More
KATHMANDU: The dynamism of commodity price fluctuations has always been a prime concern for producers, merchandisers, processors and consumers in agri-culture dominated countries. Agriculture producers constantly face price and production risks over time and within a marketing year.
The absence of a well-integrated and regulated system f ... More
KATHMANDU: In a remote village in Mugu district, 10 cadres of CPN-Maoist and Nepali Congress were injured last Sunday. Reportedly, the CPN-Maoist, which has been boycotting elections, attacked the Nepali Congress cadres during their door-to-door campaign. In another incident, an unidentified gunman shot at UML’s Bara Constituency No 4 cand ... More
CHICAGO/BOSTON: The Federal Reserve should be ‘extraordinarily careful’ about hiking interest rates to head off potential risks to financial stability, a top US central banker said on Friday, warning about consequences to the economy.
Another policymaker underscored the importance of the issue of asset bubbles as he laid out p ... More
KATHMANDU: Europe and USA have long been dream destinations for people in the developing parts of the world. Now, these economies face turbulence which impact each region of the world. They have not been silent observers; it is just that their efforts have not worked out well.
The Euro area is still facing a high level of unemployment and ... More
KATHMANDU: The release of Nepal Oil Corporation (NOC) top officials after they agreed to compensate the embezzled fund
has raised a legal question whether corruption offenders can settle cases out of court in such a way.
The Commission for the Investigation of Abuse of Authority (CIAA) has already challenged the release of the off ... More
NEW DELHI: The finance minister may have to slice at least 200 billion Indian rupees from government spending to prevent a budget blow-out, which could threaten to send the country’s credit rating into ‘junk’ status, two ministry officials said.
P Chidambaram will make a final decision on whether to go ahead with the cut ... More
KATHMANDU: Tapering is a very popular term in the global financial market that was coined by the US Federal Reserve Chairman Ben Bernanke during his testimony before the US congress which means taper of monthly bond buying programme worth USD 85 billion. US central bank in its recent Federal Open Market Committee meeting announced continuity to ... More