Repeated export curbs on sugar, rice and other essentials expose Nepal’s heavy dependence on India as officials and experts warn of inflation, shortages and rising pressure on…
Economists estimate the collateral damage at around Rs3 trillion—nearly equal to Nepal’s budget for one and a half years or half of the GDP when damages to both government and…
Revenue plunged sharply and government was forced to downsize the budget in mid-term review for lack of cash.
Adding to the inflation-caused woes, experts say prices have been hiked sharply at a time when the country’s economic indicators—from farming to trade—are at their worst.