Posted by: kalp April 17, 2006
FILING PETITION AGAINST INDIA SOON.
Login in to Rate this Post:     0       ?        
A Nepali economist, Surendra Bhakta Pradhanga, chairman of Kathmandu Research Centre, says Nepal has suffered a loss of about Nepali Rs.3.85 billion each day of the 11-day closure. Imports, trade, exports and industries have been the hardest hit, suffering a daily loss of Nepali Rs.293.3 million, Rs.188.8 million, Rs.141.4 million and Rs.112.5 million respectively. The tourism sector has been losing Rs.40 million daily. If the closure continues, Pradhanga warned that the economy, though used to conflict, would no longer be able to sustain the mounting losses. The Asian Development Bank has forecast the lowest GDP growth for Nepal in Asia for 2006: two per cent. Earlier this year, another economist, Raghav Dhoj Pant, predicted the kingdom could go bankrupt by June. http://timesofindia.indiatimes.com/articleshow/1492963.cms Let us all do any small thing to save the nation from becoming hollow and failed state. India wants this.
Read Full Discussion Thread for this article