How evidence-based policymaking can help Nepal control air pollution

Air pollution is a silent, yet pervasive threat to human health, and its impact is felt acutely in regions like

In Nepal, why has implementing the diplomatic code of conduct become a tough job?

Kathmandu: Narayan Kaji Shrestha wears many hats. He is the leader from the ruling Maoist Center and he currently serves

Impact of economic tourism policies on local communities

Economic tourism policies, designed to attract visitors and boost local economies, are a double-edged sword. On one side, they can

Techno-Medusa: A modern myth for the posthuman era

The global push to grant artificial intelligence citizenship is gaining traction, proposing that AI should be endowed with rights to

Neprican voice: Love, life, nostalgia and the pursuit of an American dream

I just love the word Neprican. It perfectly describes my state of being even though it is a word that

No explicit plans to lift confidence of private sector: Thakur Kumar Shrestha 

Kathmandu: It is important to look at the budget speech from the point of view of the country’s economic reality and the government’s overall direction. Overall, the budget is introduced to continue what has been going on for a long time. 

Two major areas to assess the budget speech are: i) what provisions are included to propel the economy into the positive direction, and ii) will the stated provisions be implemented or not?

In terms of the provisions in the budget, the government has not included plans for big reforms, and schemes to uplift the economy from slowdown. 

In the context of Nepal, capital expenditure has always been low. This is something that really hinders economic growth. This situation does not help expedite economic activities. 

Also, the budget speech does not explicitly mention any provision to boost the confidence of the country’s private sector. The private sector has been going through an unprecedented level of loss of confidence. We had expected that the budget would address these problems. But the budget speech fails to address this situation.

While talking about development of Bhairahawa and Lumbini provinces, the budget has not introduced plans to enhance economic activities of this region. 

The budget speech lacks any specific provisions to operate Gautam Buddha International Airport to the fullest capacity. Also, we had expected some specific provisions to enhance visibility of Lumbini and other areas to expedite the tourism activities. 

For the implementation of the budget, there are some provisions that do support the economic sector. Given the past trends, however, we can always be skeptical whether the positive provisions and announcements get implemented in an effective manner or not. 

Thakur Kumar Shrestha is the President of Siddhartha Chamber of Commerce and Industry (SiCCI).