Kathmandu. The supply of petroleum products in the international market has been disrupted due to the conflict in West Asia, leading to a significant price surge. This has had a major impact on Nepal as well.Following consecutive fuel price hikes in Nepal, the cost of daily essential goods has become uncontrollable. With prices rising twice in a short period since the new government took office, preparations are underway to adjust transport fares and shipping costs. However, traders are using the excuse of increased transport costs to raise prices unreasonably, burdening consumers.Black marketing is rampant, with abnormal price increases in edible...
Kathmandu. Nepal's economy is currently at a challenging juncture. Supply chain disruptions caused by the conflict between the US, Israel, and Iran, coupled with rising fuel prices, are impacting our households. In such a situation, the steps taken, policies adopted, and reforms implemented by the government will determine our future direction.From recent Cabinet decisions to preparations for the upcoming budget, our primary objective is to make the economy dynamic, transparent, and result-oriented. At such a time, traditional and piecemeal reforms are not enough. We now need bold and structural transformation. We cannot move toward prosperity without radical changes in government...