Overall development of our country depends upon agriculture and rural sector infrastructure development. Rural sector development, in turn, depends on agriculture, and various kinds of industries, businesses and employment opportunities. Productivity of agriculture and industry is the combined result of…
The Current Industrial Policy of the Government of Nepal
Industrial Policy of the Government The tenth plan had set the goal and objectives of increasing the contribution of industry to the Gross Domestic Product (GDP), through an increase and expansion in industrial production by encouraging and promoting the private…
Classification of Government Expenditure in Nepal
Government expenditure is the end and purpose of the collection of state revenue. The modern governments not only perform such primary functions as the civil administration as well as the defence of the country, but also take considerable interest in…
Major Components of A Government Budget
A budget may be defined as a financial plan which serves as the basis for decision making and center of expenditure and revenue for a specific period of time, normally, a year – a fiscal year (in case of a…
Foreign Capital: Roles and Defects
Foreign capital means the inflow of foreign resources in the form of money, technical knowledge or technology transfer and human resources as well. The capital flow linked with technical know-how has contributed tremendously in the progress made by the developing…
Globalization
Globalization is the most talked and debated issue in the contemporary world. Globalization is a process of opening up economies so that trade between countries could take place freely. For them increasing globalization has helped in the expansion of opportunities…
The Current Situation of Foreign Aid in Nepal
The foreign aid commitment in fiscal year 2006/07 increased by 76.9 percent against a decline of 45.2 percent in fiscal year 2005/06. In fiscal year 2006/07, committed foreign assistance amounted to Rs. 37.02 billion, as compared to an amount of…
Privatization of Public Enterprises in Nepal
Most public enterprises (PEs) were established beginning from the Second to the Seventh Five Year Plan periods as a vehicle of development. These units were created as instruments for production and for achieving socio-economic policies of the government. This initiative…
A Review of Planning in Nepal
Before the dawn of democracy in 1951, the economic backwardness was persisted in Nepal. This was mainly due to historical reasons and also due to a unique difficult geographical setting. This prompted the authorities of Nepal to adopt planned development…
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