Views of a Nepali Economist

Thanks to rise in production and end of festivals, price of most of the vegetables has gone down

...the management was forced to close down the restaurant after the Maoist affiliated All Nepal Hotel Workers´ Association started a dispute over appointment of a new restaurant manager...members of the association along with its president manhandled some employees and misbehaved with the management

The central bank has directed the financial institutions — except class A commercial banks — to determine the remuneration for their CEOs based on the institution’s financial indicators...The central bank has asked the financial institutions to fix the salary of CEO based on the financial institutions’ business size, size of lending and deposits, size of operating profit, return on capital among others in the last three years.

The total exports is still less than six times (Rs 64.56 billion from total merchandise) the import of Rs 394.90 billion

...the share of India in Nepal’s total trade increased to 66.4 per cent in 2010-11 compared to 59.1 per cent a fiscal year ago

...overall Balance of Payment (BoP) that had remained in deficit till the ten months ended with a ‘surprise’ Rs 2.93 billion surplus against a deficit of Rs 3.63 billion in a fiscal year...current account deficit shrank to Rs 11.91 billion from a deficit of Rs 28.14 billion a year ago...net transfer account registered a growth of 8.9 per cent to Rs 307.86 billion compared to that of a year ago...pension receipts rose by 12.2 per cent to Rs 28.99 billion...workers’ remittances increased by 9.4 per cent to Rs 253.55 billion...FDI of Rs 6.44 billion was recorded compared to the level of Rs 2.85 billion a fiscal year ago...capital transfer increased by 26.5 per cent to Rs 15.91 billion compared to the level of Rs 12.58 billion a fiscal ago...gross foreign exchange reserves increased by a mere 1.2 per cent to Rs 272.10 billion in mid-July from the level of Rs 268.91 billion as at mid-July 2010...Of total reserve, NRB’s reserves augmented by 3.8 per cent to Rs 213.09 billion in mid-July 2011 from a level of Rs 205.37 billion as at mid-July 2010...gross foreign exchange reserves in Us dollar terms increased by 6.2 per cent to $3.84 billion in mid-July...Based on the trend of import during the review year, the current level of reserves is sufficient for financing merchandise imports of 8.4 months and merchandise and service imports of 7.3 months

As much as 3,000 metric tons of ginger is produced from 500 hectares of land in the VDCs...ginger worth around Rs 100 million was supplied to India from hilly districts in the Far-Western Development Region last year

...each farmer has...earned Rs 150,000 to Rs 300,000 from the commercial asparagus farming every year

Labels: exports, inflation, Kailali, labor unions, nepal rastra bank, Rukum, surya nepal

# posted by Mukesh Khanal @ 5:04 PM