The Supreme Court’s verdict stating the reinstatement of the parliament on February 23 was internationally applauded. The verdict came after PM Oli decided to dissolve the parliament unconstitutionally in December and called for fresh elections. The judiciary body’s verdict will also likely push Oli under a no-confidence vote. Nepal’s political instability comes at a time when … [Read more...] about Nepal’s inevitable geopolitical dilemma
Economic struggle persists
The world economy hit a recession during the pandemic COVID-19. The lockdown in Nepal had forced many out of business and employment in 2020. According to official estimates and economists, it will take while before Nepal reaches its pre-pandemic economic stage. Shankar Sharma, the former vice-chairperson of the National Planning Commission, added that "the pandemic has … [Read more...] about Economic struggle persists
India-Nepal Relations Warming up
November Analysis Summary November has been significant for Nepal in terms of its foreign relations. Four significant events set the core for the new trends in the future of Nepal's bilateral relations with its neighbours and other superpowers—Joe Biden’s win at the US Presidential elections, Indian Army Chief Naravane’s visit, Indian Foreign Secretary Harshvardhan … [Read more...] about India-Nepal Relations Warming up
Pandemic and an Analysis of Various Economic Predictions
October Analysis The pandemic has erected unspeakable challenges for the remittance industry and migrants. The sufferings of the migrant workers are not limited to financial loss but have a long-lasting and more severe impact on their mental health. Most of the migrants were thrown off their jobs and were stranded. This led to depleting remittances and further deteriorating … [Read more...] about Pandemic and an Analysis of Various Economic Predictions
Nepal’s Economy Plunges
September Analysis The chilling effects of the COVID-19 pandemic are not inconspicuous anymore. The world has severely suffered in terms of health which led to a deteriorating world economy. As of September 24, 2020, there are approximately 32 million cases, 22 million have recovered while the death toll stands at around 978,000 deaths. From the economic perspective, the … [Read more...] about Nepal’s Economy Plunges