Promoting Economic Literacy in Nepal

Special Economic Zones Most for Industrial Revolution Hom Nath Gaire              S pecial Economic Zone (SEZ) is a geographical region that has economic laws that are more liberal than a country’s typical economic laws. In more specific term of the day, SEZ is a trade capacity development tool with the goal to promote rapid economic growth by using tax and business incentives to attract foreign direct investment (FDI) and technology. By offering privileged terms, it is assumed that SEZ can attract domestic as well as foreign investment and foreign exchange, encourage employment and boost the development of improved technologies and infrastructure. Moreover SEZ provide a mechanism wherein it not only attracts foreign companies looking for cheaper and efficient location to setup their offshore business, but it also allows the local industries to improve their export through a proper channel and with the help of the new for...

 Monetary Policy For FY 2012/13, a bit Better than Fiscal Policy.............. Nepal Rastra Bank (NRB) unveiled its Monetary Policy for the fiscal year 2012/13 that focuses on controlling inflation, stimulating credit to productive areas, monitoring the trend of interest rate, increasing outreach of financial services and ensuring financial stability. While continuing many successful policy instruments of the past years, on Wednesday the Central Bank also introduced new measures for attaining the broad policy objective of facilitating economic growth and financial stability. “The major challenges we face are controlling inflation, credit to productive sectors, expanding financial outreach to the unbanked area of the country and financial stability,” said Yuba Raj Khatiwada, Governor NRB. “The overall goal is to create an enabling environment to facilitate economic growth of 5.5 percent,” said Khatiwada.   The policy for 2012/13 aims at primarily enhancing the stability...