Shabda Gyawali's Blog

Prime Minister was asked about China extending its influence in the neighbourhood, including Nepal and Pakistan, and whether India's armed forces were prepared to deal with the situation. "I think security concerns are the primary responsibility of every civilised country and you have my assurance that we will and we have been paying adequate attention to protect and preserve the security of our country," he said.

Intervention is as ancient and well-established instruments of foreign policy as are diplomatic pressure, negotiations, and war. From the time of the ancient Greeks to this day, some states have found it advantageous to intervene in the affairs of other states on behalf of their own interests and against the latters' will. Other states, in view of their interests, have opposed such interventions and have intervened on behalf of theirs. In the context of Nepal, looking at the political and economic events that have happened in the past few days, it seems like the index of intervention of foreign players in domestic affairs of Nepal is on the rise. The brewing discord between our two " Super power wanna be neighbors "and the power struggle between them to be the regional hegemons have greatly influenced the political and economic ideologies of our political parties. No matter which side of of the isle they represent (left or right ) the politcial parties has co...

Click here to read Nepal´s inflation moderated to a single digit for the first time over the last one year and stood at 9.7 percent in mid-September 2009, Nepal Rastra Bank (NRB) has reported.

With Western consumer being more thriftier and developing a culture to save.Firms around the world are eying the world last untapped markets THE POOR Click here to read the article

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ON MARCH 5th an index of the value of the American dollar against six other big currencies touched 89.11, its highest point this year. Since then, however, it has been a steady downward drift for the greenback. On Tuesday October 20th, for example, the dollar index had slipped to 75.24, its lowest point in more than a year.... Click here to read the full article I am sure you will enjoy this policy paper - The future of dollar Click here to read

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" We know now that the weapons are coming through Bangladesh and Myanamar and possibly Nepal. The border is very porous. The Indo-Nepal border is a very porous border." - P.Chidambaram,Home minister of India Click her to read the full article

On the outskirts of Kathmandu, capital of Nepal, climate researchers twiddle with computers displaying maps of the Himalayas. At the press of a button, rivers and mountain passes change colour and watercourses expand to show villages swept away by simulated flood waters. Not all the researchers at the International Centre for Integrated Mountain Development are pondering the devastation that would result from the bursting of high-altitude glacial lakes, though. Some are considering what awaits millions of people when the ice and snow caps of the “water towers of Asia” – so called because of the 10 big rivers originating in the peaks – are depleted by global warming. Few are willing to guess when this will happen, but their charts and photographs of retreating snowlines and glaciers have the whiff of inevitability. Already mountain hydrologists can pinpoint where water stress will be greatest in the years to come. As the availability of water in Himalayan-fed river systems that support ...

KATHMANDU: Indian commerce and industry minister Anand Sharma is arriving in Nepal on Tuesday to ink the new India-Nepal Trade Treaty that will now get a seven-year shelf life instead of the earlier five with the provision to have it automatically extended every seven years. With the signing of the new treaty in Kathmandu on Tuesday between Sharma and his Nepali counterpart Rajendra Mahato, Nepal gets more time to provide a more stable framework for bilateral trade and investments. The two ministers will also sign a new agreement upgrading the 1996 agreement to control unauthorised trade from third countries. Both the agreements had been initialled during Prime Minister Madhav Kumar Nepal’s five-day visit to New Delhi in August. The new trade treaty will now see bilateral trade being conducted in Indian rupees at par with trade in convertible currency in respect of tax rebates and other benefits available to such trade. This indicates ending the existing complicated mechanism of tax ...

LEH, India -- In the brewing discord between two giant, ambitious nations, even a remote meadow in the Himalayas is worth fighting over. Some two-dozen Chinese soldiers converged earlier this year on a family of nomads who wouldn't budge from a winter grazing ground that locals say Indian herders had used for generations. China claims the pasture is part of Tibet, not northern India. The soldiers tore up the family's tent and tried to push them back toward the Indian border town of Demchok, Indian authorities say. Increasing Friction Chering Dorjay, the chairman of India's Ladakh Autonomous Hill Development Council, says he arrived on the scene with a new tent and Indian intelligence officers and urged the herders to stay put. "The Chinese, it seems, are gradually taking our territory," he says. "We will feel very insecure unless India strengthens its defenses." Dueling territorial claims along this heavily militarized mountain border, coupled with econo...

"We stand committed that our per capita carbon emissions will never exceed the average of the per capita carbon emissions of developed countries." Prime Minister Manmohan Singh of India

Access to credit market and other financial product for low house and small business are very limited in Nepal. Even though , Micro finance institution have played a major role in providing micro credit to the low income household and small business; lack of capital, technology and professionalism have limited the reach of these Micro Finance Institutions and NGOs . Recently, Nepal Rastra Bank (NRB) has decided to allow commercial banks to open a subsidiary micro-credit institution, to provide credit to the low income household. Commercial banks should make a good use of this opportunity and start their own micro credit institution to be the banker to the poor. Micro credit subsidiary of the commercial bank will have the capital ,financial and technical expertise of the their parent company to work efficiently . Given the fragile political condition of Nepal, Commercial banks will be skeptical to built retail brick-and-mortar infrastructure in rural Ne...

Political impasse, sluggish economic growth, droughts, floods and rising commodities prices have make cast a shadow on the high hope for Naya Nepal. In this time of crisis what could have offered comfort is a well-established and functioning financial sector that offers a range of products suited for the rural clientele and enables and supports those with meager incomes to tide them over tough times and secure their livelihood. Even though , in last 20 years the financial sector has flourished rapidly and the quantity and the type of financial institution have augmented ,access to financial service for low-income household in rural area has been unsatisfactory .Total number of Nepalese household bank account and borrowing from formal sector is still marginal .Inflow of domestic and foreign remittances through informal channel has mismanaged billion of dollars of remittances for consumption of imported goods and services rather than for saving and investment . Wit...

The current global economic crisis is the perfect example to exhibit the real power of the street vendors. The cash based, informal economy proved to be a safe haven. When millions of jobs were being lost in the formal economy around the globe, there was no layoff for in the informal economy. Informal sectors, in addition absorbed lots of workers, who has lots their job due to the financial crisis in the formal sector . In the context of Nepal, where population has out stripped the job creation, the number of Nepalese entering the informal economy will continue to rise in upcoming years. Even though, informal economy often don't pay taxes, and they routinely lack the capital and expertise to be as productive as big enterprises, leading to less innovation, informal economy will provided markets access to meet the needs and create jobs to serve thousands of urban poor. Majority of the urban poor do their retail shopping in the streets. Despite of the burgeoning mall culture, ...