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Sunday 21st of July 2019 Nepali
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Are Central Banks Losing Their Big Bet?
Following the 2008 global financial crisis, central banks bet that greater activism on the part of other policymakers would be their salvation, helping them to normalize their operations. But that activism never came, and central bankers are now facing a lose-lose proposition.

In recent years, central banks have made a large policy wager. They bet that the protracted use of unconventional and experimental measures would provide an effective bridge to more comprehensive measures that would generate high inclusive growth and minimize the risk of financial instability. But central banks have repeatedly had to double down, in the process becoming increasingly aware of the growing risks to their credibility, effectiveness, and political autonomy. Ironically, central......


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The Case for a Fiscal Fed

Like storm clouds on the horizon, signs of a global economic slowdown are gathering ominously. In the United States, the sugar high generated by President Donald Trump’s massive 2017 tax cut has peaked and is now rapidly waning, without triggering the promised investment boom. In Europe, the ongoing Brexit farce threatens severe economic..


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Are Central Banks Losing Their Big Bet?

In recent years, central banks have made a large policy wager. They bet that the protracted use of unconventional and experimental measures would provide an effective bridge to more comprehensive measures that would generate high inclusive growth and minimize the risk of financial instability. But central banks have repeatedly had to double down,..


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Biplav led Maoist group valley commander Maila Lama arrested

KATHMANDU: Nepal Police have arrested the Netra Bikram Chand 'Biplav' led Maoist group's Valley commander Maila Lama from Kandaghari of Kathmandu. He was arrested at midnight yesterday following a special tip-off, according to Chief of the..

Nation & Society

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Over 7,000 households resurveyed in Tanahun for quake grants

TANAHUN: A resurvey of 7,835 households has been conducted in Tanahun for the post-earthquake house building grants project. According to the District Project Implementation Unit (grants management and local infrastructure) Tanahu, so far, 7,835..

Inside Story

KATHMANDU: Nepal's monsoon hit floods and landslide that claimed the life of 90 people, have affected more than 36,700 households in 15 districts so far. About 9,948 houses in eight districts have been completely damaged in the floods and landslides, according to the recent situation report of the National Emergency Operation Centre (NEOC) at the Ministry of Home Affairs (MoHA). The disaster damaged the largest number of houses in Siraha and Mahottari district of State 2 where 5326 and 4562......


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Over 20,000 rally in Moscow as election anger boils over

MOSCOW, (AFP): More than 22,000 people packed a Moscow square Saturday to demand free and fair local polls, incensed by the authorities' refusal to put popular opposition candidates on the..


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Merkel says Trump tweets ‘go against what makes America great’

BERLIN, (AFP): German Chancellor Angela Merkel on Friday condemned President Donald Trump's xenophobic tweets against four minority Democratic congresswomen, saying the US leader's attacks "go..


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China opens up finance sector to more foreign investment

BEIJING, (AFP): China lifted some restrictions on foreign investment in the financial sector Saturday, as the world's second largest economy fights slowing growth at home and a damaging trade war..


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Dalai Lama Representative Dismisses Chinese Pressure on India Over Reincarnation

The Dalai Lama’s representative in North America has dismissed recent remarks by Chinese officials demanding that India support Beijing’s selection of the 84-year-old Tibetan spiritual leader’s..


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Dikshit: The affable politician who gave Delhi its modern look

NEW DELHI, (PTI): Sheila Dikshit was one of the tallest leaders of the Congress who had the distinction of being Delhi's longest serving chief minister and giving the national capital Delhi its..



Ilhan Omar, US congresswoman in eye of political storm

WASHINGTON, (AFP): To her supporters, Ilhan Omar embodies the American dream, but to Donald Trump and his loyalists the refugee-turned-congresswoman has made clear with a string of controversial comments that she is a dangerous radical. The..

Middle East

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Iran says its seizure of British ship a ‘reciprocal’ move

By AMIR VAHDAT and AYA BATRAWY, TEHRAN, Iran (AP): Iran’s seizure of a British oil tanker was a response to Britain’s role in impounding an Iranian supertanker first, senior officials said Saturday, as newly released video of the incident showed..


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Heavy rain and flood causes vegetable prices to rise up

KATHMANDU: The supply of green vegetables in the Kathmandu Valley has declined sharply for the last two days due to continued rainfalls across the country. ‘The supply of green vegetables to the..


Business & Economy

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Nepal Chamber calls govt’s attention to entrepreneurship difficulties

KATHMANDU: Nepal Chamber of Commerce (NCC) has drawn the attention of the government to entrepreneurship difficulties some provisions in the proposed Finance Bill might create. President of the NCC Rajesh Kaji Shrestha on Saturday met with Prime Minister KP Sharma Oli and briefed him on existing entrepreneurship and supply difficulties. During..


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ICC’s suspension of CAN continues

KATHMANDU: The International Cricket Council (CC) has gone with its decision to suspend the Nepal Cricket Association (CAN). The Thursday's annual conference meeting of the ICC Board took place in London, England did not enter into the agenda of lifting the CAN suspension. The ICC had on April 25, 2016 decided to suspend CAN, citing increasing..



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Nepali migrant workers killed in a road accident in Malaysia

KANCHANPUR: Two Nepali migrant workers have died in a road accident in Malaysia. Surendra Prasad Bhatta, 36, a resident of Dhakaniya in Kanchanpur Shuklaphanta municipality-2 died in a motorcycle accident on his way to work in Malaysia on Friday. Bhatta died on the spot in the accident, according to ward chair Shiva Raj Paneru. Pillion rider..


By ASTRID GALVAN, SAN LUIS RIO COLORADO, Mexico (AP): A small group of asylum seekers sit under a canopy on the side of a road leading into the United States, chatting to pass the time as a blazing desert sun pushes the heat into triple digits and fumes roll in from dozens of cars lined up to cross the U.S.-Mexico border. Coming from Guatemala, Nicaragua, Mexico, Cuba and many other countries, they’re waiting in San Luis Río Colorado, Mexico, to seek asylum at the official border crossing......


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“The fundamental duty that we each owe to every other human being just by nature of their humanness is to permit them to practice their faith’

QUESTION: Welcome back to Washington Watch. I’m your host, Tony Perkins. So glad that you are with us on this Monday afternoon. As I mentioned earlier, today starts the second annual Ministerial to Advance Religious Freedom, hosted here in Washington, D.C. by Secretary of State Mike Pompeo. I was at one of the opening events at the Holocaust..

Life Style

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Cruise ship in Narayani river before Dashain targeting Visit Nepal

Narayan Adhikari, CHITWAN: Preparations are in full swing to operate a cruise ship in the Narayani River in view of the Visit Nepal Year 2020. It is said the cruise ship would come into operation before coming Dashain. Rhino Water Entertainment Pvt organized a press meet here Saturday and shared information about the operation of the cruise ship...


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Market monitoring team takes action against 19 traders

KATHMANDU: In view of the excessive price hike of the vegetables and fruits, a government team conducted the market monitoring and took action against 19 traders for brokering at Kalimati and Balkhu..


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As Visit Nepal Year 2020 nears, national campaign coordinator Vaidya seeks cooperation from all sides

CB Adhikari, KATHMANDU: The National programme coordinator for the Visit Nepal 2020, Suraj Vaidya, has urged one and all to extend support from their sides to make the year successful. "We've little..


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Mike Gravel Should Be In the Debates Thursday, July 18th, 2019

I spoke with Senator Mike Gravel on Thursday and asked him whether it seemed fair to him to be excluded from Democratic Party Presidential Primary debates on the basis..


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Indian national held on charge of captivating girl in Nepal

KATHMANDU: The Kathmandu police on Saturday arrested an Indian national on charge of captivating a 17-year-old girl. Pradip Kumar, 23, has been accused of luring and holding the girl hostage in his rented apartment in Kuleshwor, Kathmandu, said the..


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‘One giant leap’: US marks Apollo mission 50 years on

Leila Macor with Issam Ahmed in Washington, (AFP): Fifty years after a mighty rocket set off from Florida carrying the first humans to the Moon, a veteran of the Apollo 11 crew returned to its fabled launch pad Tuesday to commemorate "one giant..


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54 new HIV infected people found in Chitwan in six months

CHITWAN: Fifty-four new HIV infected people have been found in first six months of 2019 in Chitwan district. Such number of HIV infected people was found in course of carrying out blood test of 7,809 people of different places in the district. With..


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Home Minister Thapa sees off Haj pilgrims

KATHMANDU: Minister for Home Affairs Ram Bahadur Thapa has bid farewell to the people heading for the Haj pilgrimage to Mecca and Medina of Saudi Arabia. He saw off 156 Haj pilgrims at Tribhuvan International Airport today. They comprise the first..


Rising International Inc


KANCHANPUR: Two artificial ponds have been created in Singhapur community forest in Krishnapur municipality. The ponds were created to facilitate drinking water for the protected wildlife in the forest. One of the ponds is within the community forest area while the second one lies in the outer region. A total of Rs. 850,000 was investment under the community forest and Laljhadi Mohana protection programme to construct the two ponds. The community forest users group contributed voluntary......