Posted in Nepal on 05/30/2009 11:31 pm by Nepal
I’m planning to go Nepal for 7 days. What where can i buy reductil places i should visit there in my stay. I’ve heard there is peace after long time. I’m very interested to see nepal. Is there still problems in Nepal?….
Posted in Nepal on 05/28/2009 11:07 pm by Nepal
Nepal is currently in big economic problem. Following are some major problems.
1) According to government data GDP growth is acomplia purchase below 2%. In my opinion actually it is negative.
2) Inflation is very high. It is above 7.5% to 8%.
3) Export is declining by 5 to 10 percent every year.
4) Import is increasing 10 to 15 percent every year.
5) There is very little new investment. Almost nil.
6) Currency is fixed with Indian currency.
7) Fuel prices are fixed since last two years. State owned Nepal Oil Corporation is loosing about 1.5 million US Dollars every month.
Rigid labor policy. Minimun wages increases every year.
9) Lot of labor force is going outside country every year for work.
10) 40% to 50% government budget is based on foreign assistance.
11) Enough foreign exchange reserve only due to remittance from outside.
12) Political unrest.
Anyone suggest me how to solve this economic crisis.