Business News
Nepal's trade deficit excluding India rises over 51 billion rupees
Aug 25, 2007, 6:38 GMT
On the Web
Latest Headlines in Business
- 1. Eurozone government bond insurance scheme finally ready
- 2. US economic indicators rise for fourth month
- 3. US prices rose 0.2 per cent in January
- 4. US inflation below expectations
- 5. Arab stocks close week higher on annual earnings, Greek bailout
Older Talkback
page: 1
Nepal is going through real rough time. It is because Nepalese in general interpreted democracy in wrong sense! In addition the administration went bad to worse.
Main blame goes to the Communinist parties of Nepal specially the Maoist. The Maoist translated democracy in wrong way and totally exploited factory workers in asking better conditions. In any industry workers only receive better condition if the industry makes profit. But in Nepal nothing was considere in that direction.
On the other hand government has not planned to set up industries to produce anything in the country for domestic use. In addition there is no security for foreign investors. The country is totally depending on foreign imports. Local production like woolen carpets and garment factories are closed due to labour unrest. With this type of situation in hand Nepal will see even worse scene in future to come.
In any country if political change takes place naturally it is hoped that things will improve. Regrettably in Nepal it does not happen but everything worsens. It is because the administrators of the country are all extremely in experience. In addition almost all Nepalese are only power and position hungry. No one has intention to build Nation only to make quick money from easy way.
This will continue for long time in future. The main problem in Nepal is that bad practices has become tradition.
Nepal India Trade is determined by so many interests-the treaties, open border, unequal competitiveness,fixed exchange rate, subsidiese Indian Agricultural goods,domestic unfavourable policies, technological backwardness, human resources, etc.
Nepal India Trade is determined by so many interests-the treaties, open border, unequal competitiveness,fixed exchange rate, subsidised Indian Agricultural goods,domestic unfavourable policies, technological backwardness, human resources, etc.
page: 1
Your Talkback on this Story