Promoting Economic Literacy in Nepal

सुनको मूल्यभित्रका वास्तविकता होमनाथ गैरे संसारमा शेयरपछि सबैभन्दा बढी मूल्य घटबढ हुने वस्तुमा सुन पर्छ । सुनको मूल्यमा हुने उतारचढावका साथै यसका कारण र प्रभावका विषयमा समय समयमा विभिन्न विचारहरू बाहिर आउने गरेका छन् । यस किसिमका भनाइ खासगरी डेरिभेटिभ बजारका लगानीकर्ता वा मूल्यमा भएको उतारचढावबाट छिटो पैसा कमाउन चाहने सट्टेबाजहरूबाट बढी आउने गरेको छ । विश्वअर्थतन्त्रमा हुने परिवर्तन, भूराजनीतिक अवस्था र सुनको उत्पादन, माग तथा आपूर्तीलाई कारण मान्दै यसको मूल्य अहिले अझै माथि जाने त कहिले अझै तल झर्ने भनाइहरू पनि सार्वजनिक हुने गरेका छन् । तर, विश्व बैङ्क र अन्तरराष्ट्रिय मुद्रा कोषजस्ता संस्थाका पदाधिकारी र केही स्थापित विज्ञ तथा अर्थशास्त्रीहरू भने सुनको मूल्यमा हुने त्यस्तो उतारचढावलाई अस्वाभाविक र कृत्रिम मान्दछन् । यसै सन्दर्भमा यस लेखमा सुनको विषयमा विद्यमान केही कथनहरूको चिरफार गर्ने प्रयास गरिएको छ । सुन महँगो धातु हो ? यो भनाइ सुनमा मात्रै नभएर सम्पत्तिका रूपमा उपयोग हुने वा मानव जीवनसँग गाँसिएका कुनै पनि वस्तुको हकमा उत्तिकै लागू हुन्छ । वास्तवमा यो प्रश्नको उत्तर निकै कठि...

Silent Features of Monetary Policy 2014-15 By HomNathGaire The Monetary Policy announced by Nepal Rastra Bank (NRB) for the fiscal year 2014-15 has introduced some micro level reforms within the banking sector. But it has also introduced some constraining policy measures, which it claims are aimed at controlling inflation. These measures have put the Monetary Policy in slight contrast to the government’s fiscal policy threatening the growth targets set by the government for this fiscal year (FY). True that the policy unveiled by the central bank, soon af ter the government announced this FY year’s budget, has tried to use policy instruments to address the banking system’s liquidity surplus problem. Similarly, the policy has focused on strengthening financial discipline in the banking sector so as to maintaining financial stability. It has also paid attention to price and external sector stability. But in doing so, it has also taken some steps that are likely to impede the targe...

By Hom Nath Gaire The phrase 'Inclusive Growth' is quite popular in recent days not only among academia but also with policy makers, development partners and media as well. It seems that there is paradigm shift in development strategies among the stakeholders. The concept of inclusive growth refers to both the pace and distribution of economic growth. In order for growth to be sustainable and effective in reducing poverty, it needs to be inclusive. What is Inclusive Growth? An IMF Commission on Growth and Development (2008) notes that inclusiveness—a concept that encompasses equity, equality of opportunity, and protection in market and employment transitions—is an essential ingredient of a successful growth strategy. Traditionally, poverty (or inequality) and economic growth analyses have been done separately. However, recent work indicates that there may not be a trade-off between equity and efficiency as suggested by Okun (1975) and that it would be a big mistak...

Background The scale of migration and remittance is staggering in Nepal over the last one-decade. Almost half of all Nepalese households have at least one migrant family member abroad or a returnee. Remittance is a multi-million dollar industry and remittance intermediation is one of the emerging attractive businesses with almost unlimited potential. There are a number of different types of providers inside and outside the formal financial sector of the country offering remittance services. Traditionally, money transfer companies are the most common formal means of sending remittances and lately there are instance of entry of bank and other financial institutions into remittance market. As more remittance providers enter the market, the range of products has also expanded for customers such as mobile banking, e-banking, plastic cards. Remittance income in developing countries has become a lifeline for economic development of those nations. Remittance means sending income in terms...