Although 2081 was not encouraging, there are signs of hope to make 2082 a success. Not only the government, but all political parties should strive for that. It is no longer possible to continue with the current working style.
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It is a New Year tradition to review the past year and make a commitment to make the coming day relatively successful. Reviewing past achievements is also an opportunity to improve weaknesses. The difference between 2081 when it left and 2082 when it started is also linked to self-commitment and improvement.
Therefore, the arrival of the New Year is associated with the undertaking of an individual, organization or country to become self-motivated and goal-oriented. Otherwise, saying New Year is limited to the technical matter of turning the pages of the calendar. So for any individual, organization or government, we wish that every day of 2082 be filled with motivation to follow through on your commitments and courage to correct your weaknesses. 2081 was not very encouraging for the
country. Basically, the political arena could not excite the people. In the third month of 2081 i.e. June, the two largest parties in the House of Representatives, Congress and UML, led the government with ideal commitment. But the rationale of having a strong government has not been established. They are ruling arbitrarily by forgetting their earlier promises and agreements and ignoring the expectations of the people.
The government could not make significant progress in the purpose of public service delivery, legal reform and strengthening of federalism. Despite announcing the amendment of the constitution to strengthen the current political system and federalism, the two parties have not even formed a working group for it.
There are complaints, questions and anger among the people towards all political parties in the mainstream. Even the leadership of the party that has emerged as an alternative has been confirmed by the events to exploit the sentiments of the people to cover up their inner turmoil. Such a situation is not limited to a grievance with one government or opposition or a particular party. Instead, it is being used as fuel for the opponents of the system. Let 2082 be a year of extensive self-improvement in the political sector.
Nepal's economic development over the years has been a major challenge. If we look only at the economic index, there is some improvement compared to the past. Among the external sectors of the economy, remittance inflows and foreign exchange reserves are breaking 'records' every month. The capital market, government income (revenue) and expenditure and the external sector of the economy seem to have improved at the end of 2081 compared to March 2080.
By the end of March 2080, the remittance inflow has reached 10 trillion 51 billion 77 million rupees by the end of March 2081. As a result, a record was also maintained in foreign exchange reserves. That is, at the end of March 2080, the foreign exchange reserves were 18 trillion 72 billion 82 billion rupees, but by March 2081, they reached 24 trillion 8 billion 25 billion rupees.
There is an improvement in government finances, i.e. the government's income and expenditure compared to the previous year. Till the end of March of the previous year, 7 trillion 48 billion 3 crore rupees were collected, but till the end of March 2081, 8 trillion 21 billion 67 crore rupees have been collected. Towards the stock market, NEPSE, which closed at 2025.70 points in March 080, reached 2662.08 points at the end of March 081.
But these indicators of economic reform have not been felt by the general public. Industries are running at less than half capacity. Even though the interest rate is continuously decreasing, the loan demand in banks and financial institutions could not increase. Throughout the year, banks were forced to accumulate 5 to 6 billion loanable funds. Despite the accumulation of money in the bank, confidence has not been created for investment. External investment is not encouraging. As a result, employment has not been created. There has been no reduction in the number of forced foreign employment.
There is no significant progress in benefiting from development, capital development, job creation. In 2081, the legacy of not completing development work for years remained the same. One of the pillars of the three-pillar economic policy that Nepal is embracing, the cooperative sector, is now almost in a state of collapse.
Donald Trump's policies following the return to the US presidency are encouraging a trade war, which seems to be a sign of geopolitical upheaval. A weak country like ours is likely to experience more economic hardship. The government should make policy and behavioral changes in order to overcome economic adversity in the coming year.
The political party knows what the solution is, the experts have submitted the study reports time and time again. It is important for the parties to keep in mind that if there is no economic change that can be felt in the daily life of the common people, there will be adversity on politics and the system. Although
2081 was not encouraging, there are signs of hope to make 2082 a success. Not only the government, but all political parties should strive for that. It is no longer possible to continue with the current way of working. The government should be able to establish good governance and service delivery in a manner that people can feel. The overall political leadership should be able to pretend that hope is alive in politics.
