Unlike laissez-faire models, South Korea’s developmental strategy involved a mix of market incentives and direct government intervention. This interventionist approach, while not dismissive of private enterprise, emphasized a collaborative relationship between the government and businesses.
The trade deficit of the country already reached NPR 366.88 billion (USD 2.76 billion) during the initial three months of the FY 2023/24, spanning from mid-July to mid-October.
The Israel-Palestine war has been dragged on since decades. Hospitals in Gaza have been reported of running low on supplies and fuel, putting lives of people at a further risk.
The National Planning Commission (NPC) estimates a minimum annual budget of NPR 1.1 trillion (USD 8.27 billion) from the government alone to achieve the targets within the 2016-2030 timeframe.
India pushed for the inclusion of the African Union and has received a lot of appreciation. Why is this important for Nepal?
In FY 2022/23, Nepal’s most-imported product was high-speed diesel, totaling NPR 153.769 billion, which is remarkably close to its total exports of NPR 157.14 billion for the entire year.