Looking forward to the
economic development
The economic mayhem is
inevitable. Inflation in Nepal has already escalated to 6.82% and the GDP growth is
projected to hover around 2.27%. With all sectors experiencing
meltdown, the people are exasperated at the lethargic response of the government
in introducing measures to cushion the turmoil.
However, considering surging unemployment with plummeting revenue
from the service and remittance sector, sustainability of the economic
relief package is questionable; and debt financing, risky.
The only measure that can
prevent hunger and starvation is to restart economic activities. Our team at
Samriddhi has constantly been exercising their thought on whether the cost of uniform lockdown that jeopardizes
the livelihood of people farther away from affected areas is justifiable and
has come up with ideas to open and revitalize the economy whilst keeping the virus in check.
Larger things are at
stake in Nepal.
The Covid-19 lockdown has
offered a convenient pretext for the government to consolidate power and
curtail freedom. While the entire population anticipates concentrated effort
from the government to contain the pandemic, our federal administration is
caught up in foul play for the sake of capturing state power. That, along with
violations of supreme court order and alleged corruption has repeatedly attacked
democratic values and constitutional spirit of Nepal.
Also, the removal
of news and interviews, arrests and media assaults concerning criticisms to
political representatives obstinately points to the government revolting
against freedom of expression.
Bearing these
developments in mind, Samriddhi now more than ever, is prepared to work towards
sensitizing the society on the fundamental ideals of democracy. Despite working
from home, our team is heavily engaged in informing ideas regarding the likelihood
of illegitimate and arbitrary expansion of power and infringement of civil liberties.
Samriddhi Foundation
Nepal
Nepal
I think the solutions for the incoming economic problems will
have to be two pronged—re-operate the stranded mills and corporations and start
the revolution in the agriculture sector.
govind
