KATHMANDU: With the crisis at the Supreme Court (SC) due to the insufficient number of judges, questions are being raised on the leadership of the prime minister (PM) and chief justice (CJ). In the absence of sufficient judges, the hearing of more than 80 per
cent of cases have been delayed, indicating people’s right to timely just ... More
BEIJING: China’s leaders are likely to stick with the 2012 economic growth target of 7.5 per cent when they chart a course for 2013, allowing higher levels of fixed-asset investment to offset weak export demand, sources involved in internal discussions about the plans say. The leaders are expected to gather in mid-December for the annual C ... More
KATHMANDU: Since long, the news that is heating the market is the global economic recession and the slowdown observed in one of the emerging economic powers of the present world — China. Now, after China has completed its elections, people, along with the US, have already started making assumptions on its revival. On one hand, the status o ... More
KATHMANDU: The Central Bureau of Statistics released its census report last week showing important data that have serious significance for politics, law and policy making process in the country.
The census outcome is especially significant as national politics is divided and also facing confusion about naming the states, development and ... More
NEW DELHI: India’s economy extended its long slump in the last quart-er, with lower-than-expected growth keeping it on track for its worst year in a decade and underscoring the urgency of politically difficult reforms to spur a revival. The economy grew 5.3 per cent from a year earlier in the July to September period, provisional gross dom ... More
KATHMANDU: Despite continued slump in the European economy, global purchasing managers index (PMI) suggests that the world economy is actually not worsening. This suggests better performances of other large economies, that is, the US and China. As inter-relation among these large economies has been solely leading the global economy, a minute pol ... More
KATHMANDU: Recently, a lot of hype is being created regarding the fiscal cliff in the US and the hype is only getting bigger with each passing day. Fiscal cliff refers to the automatic increase of tax and decrease of spending, which is scheduled to take effect after
January 1, 2013 in the world’s larg ... More
ATHENS: The International Monetary Fund (IMF) has relaxed its debt-cutting target for Greece and only a 10 billion euro gap remains to be filled for a vital aid instalment to be paid, Greece’s finance minister said on Friday. But other sources involved in talks between Euro Zone finance ministers and the IMF ... More
KATHMANDU: Supreme Court (SC) verdict on expiry of the Constituent Assembly (CA) completed a year on November 22, but there is no possible headway of the present political and constitutional crisis that have surfaced in the absence of CA.
As the leaders have failed to come to consensus, they are pushing the ... More
KATHMANDU: The outcome of the presidential elections in the US has made many happy, while it has left some licking their bruised wounds, notably Wall Street — the financial centre of the US.
In the last presidential
election, Wall Street had made roughly USD 16 million in donations to Obama. H ... More
KATHMANDU: Despite the Supreme Court’s order to the government to hold local elections, it was not possible to execute it to revive the democratic process at the local level. The
local bodies have been operated by bureaucrats or political cadres for the last 10 years without mandate from the public, < ... More
SINGAPORE: US Secretary of State Hillary Clinton said on Saturday that reaching a deal to
resolve America’s budget crisis is critical to its global leadership and national security and would bolster efforts to
project US economic power around the world.
Speaking in Singapore during More
KATHMANDU: The British Embassy to Nepal rejected the visa application of Inspector General of Nepal Police, Kuber Singh Rana, to visit the United Kingdom (UK).
Rana was planning to visit UK before participating in the 82nd general assembly of International Police Organisation at Italy. Though his application ... More
LONDON: China’s economy is likely to overtake the Euro Zone’s this year, India is leapfrogging Japan and by 2030, the Asian pair will be bigger than the United States (US), euro area and Japan combined,
the Organisation for Economic
Cooperation and Development (OECD) said on Friday. In a crystal-ball exercise to tease ... More
KATHMANDU: One of the hit songs by Bob Dylan in the 1960s, ‘The times they are a-changin’ talks about trying to
create an environment for change. The song certainly holds true even after nearly five decades of it being released.
The world is in a mess of epic proportions with austerities ... More
KATHMANDU: Months after the political parties failed to seek a way out of the present political and constitutional deadlock, jurists and politicians are arguing about reviving the dissolved legislature.
They suggested repeating April 24, 2006 history when the dissolved 205-member House of Represent-atives was revived under the king’ ... More
NEW YORK: Temporary losses to New York state’s economy from super storm Sandy could reach USD 18 billion, State Comp-troller Thomas DiNapoli said on Friday.
Disruptions to daily business — from Wall Street in New York City to Main Street shops on Long Island and upstate — could cause between USD 15 billion and 18 billion ... More
BEIJING: China’s central bank will prioritise supporting the economy above other needs, its latest policy report showed, affirming expectations that the recovery in the Chinese growth engine is feeble at best.
The People’s Bank of China said in its third-quarter monetary policy report that subdued economic activity was keeping ... More
KATHMANDU: Natural disasters are natural phenomenon that affect the livelihoods of millions across the globe. The latest one
hitting the shores of USA — Hurricane Sandy — is proving to be fatal for denizens in that particular region. Scores of lives have been lost and thousands have been displaced during this particular hurri ... More
Kathmandu: It is a well-known fact that traders turn to the oceans to weigh the current international trade being undertaken. If the docks and
harbours are bustling with activities, it means that the importers and exporters are doing well, and consequently the trade figures are likely to be strong. On the c ... More
Mexico City: The group of 20 leading economies (G-20) want financially troubled countries to make the most of safety nets, including Europe’s bailout fund, to limit the uncertainty damaging the global economy, Mexican Deputy Finance Minister Gerardo Rodriguez said on Friday. Mexico will host finance ministers ... More
LONDON: Britain’s economy has not been in a real recession, Bank of England (BoE) Policymaker Paul Fisher was quoted as saying on Thursday, adding that the BoE’s Funding for Lending scheme was showing promising signs.
“The economy has basically been flat for two years,” Fisher told th ... More
Kathmandu: The government and the Supreme Court are planning to launch Sunday off programme immediately after the Dashain festival. Both the government and the judiciary wants to introduce such a programme to save fuel and energy by adjusting the working hours within five days — Monday to Friday — in a ... More
KATHMANDU: What started with the collapse of Lehman Brothers in 2008 has seen millions of jobs disappear and many major corporations collapse in what has been termed as the
worst recession since the Great Depression of 1930. This, however, seemed to be coming to an end as forecasted by many agencies such as Moody’s Investors Servic ... More
Euro Zone countries have been married in a single currency union for well over decade, but only now are they considering the tricky issue of whether they should share a budget. At a two-day summit that ended on Friday, EU leaders discussed the idea in more detail, with Herman Van Rompuy, the president of the European Council and chairman of the ... More