Ian Martin of UNMIN Speaks to the Press

The UN Secretary-General will visit Nepal latter this month, is spokesperson said Thursday. While in Nepal, the Secretary-General will meet with the President, the Prime Minister, the Foreign Minister and members of the Constituent Assembly. The Secretary-General will also visit Lumbini, the birthplace of Lord Buddha, the spokesperson said. Ian Martin, Special Representative of theContinue reading “Ian Martin of UNMIN Speaks to the Press”

Bad Ass Economy: Inflation Soars to 13pc

A press statement issued by Nepal Rastra Bank said that food and beverage prices shot up by 13.4 percent while non-food and service rates were up 12.7 percent. Propelled by a remarkable rise in the prices of food and non-food commodities, the rate of inflation during the first month of the current fiscal year climbedContinue reading “Bad Ass Economy: Inflation Soars to 13pc”

Maoist New Nepal: Industrial Capitalism Covered by Socialism

By Bishnu Pathak and Neil Horning The reactions to the budget from the nation’s policymakers and critics are often guided by four motives. Those who made the budget in the past regard it as imbalanced and untenable and heap praise on their own budget. Others who suffered defeat in the CA polls from the MaoistsContinue reading “Maoist New Nepal: Industrial Capitalism Covered by Socialism”