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Saturday 14th of December 2019 Nepali
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N24 EXCLUSIVE

Cronies Everywhere
From the Middle East and Russia to China and many other countries around the world, crony capitalism is alive and well. But what does this well-worn term actually mean in practice, and can it tell us anything about the likely fate of Russian kleptocracy, Chinese "state capitalism," or Middle Eastern rentier states?

“Western market capitalism” is generally defined as a system in which many economic agents interact and compete in decentralized competitive markets, with the state’s role confined to enforcing property rights, regulating markets, ensuring competition, and providing basic public goods financed by taxes. Obviously, this is an idealized version of what actually exists. But many political economists find it useful to contrast market capitalism with “state capitalism,” wherein the state......

Opinion

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The Green Deal Will Make or Break Europe

European Commission President Ursula von der Leyen’s ambition to lead a “geopolitical commission” is about to face its first big test. European heads of state are meeting to discuss her proposed European Green Deal, a sweeping project that could either unite the European Union and strengthen its position on the world stage, or generate a new..

Analysis

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Cronies Everywhere

“Western market capitalism” is generally defined as a system in which many economic agents interact and compete in decentralized competitive markets, with the state’s role confined to enforcing property rights, regulating markets, ensuring competition, and providing basic public goods financed by taxes. Obviously, this is an idealized..

Politics

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President Deuba and senior leader Poudel effortful to forge consensus

Bhishma Raj Ojha, KATHMANDU: Nepali Congress (NC) President Sher Bahadur Deuba and senior leader Ram Chandra Poudel held discussion to forge consensus on the matters concerning upcoming 14th general convention. President Deuba reached Poudel..

Nation & Society

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Bomb exploded at rural municipality office in Southeast Nepal

SIRAHA: An unidentified group has exploded a bomb at the office of Laxmipur Patari rural municipality in Siraha district last night. The explosion that occurred at around 11 pm has damaged the window and door of the office, spokesman for the..

Inside Story

KATHMANDU: Snowfall shall take place in the high hills and mountain region of the country today, with chances of light rainfall in some parts of the eastern region. This is the result of the westerly low pressure winds, said the Department of Hydrology and Meteorology. In its morning bulletin today, the Department has said light rainfall is likely in the central and eastern region of the country with mid snowfall in the high hill and mountain region. This situation will continue till today......

World

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North Korea conducts ‘crucial test’ at Sohae launch site: KCNA

Seoul (AFP): North Korea has conducted another "crucial test" at its Sohae satellite launch site, state media reported Saturday, as nuclear negotiations between Pyongyang and Washington remain..

Europe

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Johnson’s win may deliver Brexit but could risk UK’s breakup

By JILL LAWLESS, LONDON (AP): Leaving the European Union is not the only split British Prime Minister Boris Johnson has to worry about. Johnson’s commanding election victory this week may let him..

China

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Sold to China as a bride, she came home on brink of death

By KATHY GANNON, MAZAIKEWALE, Pakistan (AP): Sold by her family as a bride to a Chinese man, Samiya David spent only two months in China. When she returned to Pakistan, the once robust woman was..

Tibet

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China aims to build its own Yellowstone on Tibetan plateau

By CHRISTINA LARSON and EMILY WANG, XINING, China (AP): There’s a building boom on the Tibetan plateau, one of the world’s last remote places. Mountains long crowned by garlands of fluttering..

India

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India’s lower house passes contentious nationality bill

NEW DELHI, (AFP): India's lower house passed controversial legislation early Tuesday that will grant citizenship to religious minorities from neighbouring countries, but not Muslims, amid raucous..


horoscopes

6 killed in New Jersey gunbattle, including police officer

By DAVID PORTER, JERSEY CITY, N.J. (AP): Six people, including a police officer and three bystanders, were killed in a furious gun battle Tuesday that filled the streets of Jersey City with the sound of heavy fire for hours, authorities said. The..

Middle East

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15 killed in Baghdad square as assailants fire live rounds

SAMYA KULLAB and MURTADA FARAJ, BAGHDAD (AP): Iraqi officials say 15 people have been killed in Baghdad’s Khilani Square as unknown assailants fired live ammunition from cars. Security and medical officials say at least two of the dead were..

Markets

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Two big commercial banks- Global IME Bank, Janata Bank- merge

KATHMANDU: Two big 'A' class commercial banks -Global IME Bank and Janata Bank- have officially merged into the Global IME Bank on Friday. The Monetary Policy for the fiscal year 2019/20 has adopted..

 

Business & Economy

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Nepal to be listed in the top 10 fast growing economy: Minister Khatiwada

JHAPA: Minister for Finance Dr Yuwaraj Khatiwada said Nepal will be enlisted in the top 10 fastest growing economy in the world and that would be a 'robust' indicator for booming economy. Minister Khatiwada's statement had a bearing with several economic measures taken by the incumbent government aimed at economic reforms and boosting the..

Sports

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Pokhara Paltan, Kathmandu Goldens playing PPL T-20

KASKI: Pokhara Paltan and Kathmandu Goldens are vying in the opening match in the second edition of Pokhara Premier League (PPL) T-20 Cricket Tournament. Although the tournament was scheduled to be inaugurated today, it was postponed till tomorrow for adverse weather. Managing Director at Kings Events Management Pvt Ltd, Chhumbi Lama, shared that..


 

Diaspora

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Gokarneswar municipality and Irving city US to develop sister city relations

TEXAS: A process to establish sisterly relations between Gokarneshwar Municipality and Irving city of Texas State of the US has begun. Three-member delegation led by chief administrative officer Agni Prasad Adhikari of the municipality has reached Irving city on a 10-day official visit. The delegation has further extended invitation to the city..

Immigration

By MICHAEL HILL, ALBANY, N.Y. (AP): A law that will allow New Yorkers to get driver’s licenses without having to prove they are in the country legally weathered a second court challenge Friday, days before its enactment. A federal district judge ruled against Rensselaer County Clerk Frank Merola, saying he lacked the legal capacity to bring the lawsuit. Merola, a Republican, had argued that the state law conflicts with federal immigration law. Judge Gary Sharpe wrote in his decision that he......

Interview

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‘Israeli government is not about to eschew engagement with the Trump administration’

Project Syndicate: You’ve predicted that Israel’s next government will engage with the United States regarding President Donald Trump’s “deal of the century” – a plan, devised by Trump’s son-in-law and senior adviser Jared Kushner, that focuses on strengthening the Palestinian economy. What might such engagement entail, and how would..

Life Style

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Night Way Of Life Ushers In Nepal, Thanks To The New Generation And Fun Enthusiasts

By Phurpa Sherpa, KATHMANDU: Not so long ago, a typical Nepali day used to be all about your activities from “sunrise to sunset” - do all activities during the day time and stay home right after the sunset. Time is changing now, as more and more people are opting for outside fun in the lounges, bars and dance clubs rather than staying home in..

Capital

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Sundarjal drinking water processing centre to complete next month

KATHMANDU: The construction of one of the two Melamchi drinking water processing centres at Sundarijal is to be completed by mid-January. The Melamchi Drinking Water Development Committee informed..

Travel

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Himalaya Airlines resumes direct flights to Malaysia

KATHMANDU: Himalaya Airlines has restarted direct flights to Kuala Lumpur, the capital of Malaysia. The airlines, set up with joint investment of Nepal's private sector and China, resumed direct..

Blog

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Beyond changing light bulbs: 22 ways you can stop the climate crisis Thursday, December 12th, 2019

Here’s the good news: The debate is over. 75% of US citizens believe climate change is human-caused; more than half say we have to do something and fast. Here’s..

Crime

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Chand-led party behind Dhanusha blast: Police

DHANUSA: Police shared the outlawed Nepal Communist Party (CPN)-led by Netra Bikram Chand has connection with recent bomb blast at Mahendranagar in Dhanusha district. DSP at Dhanusha Police Office, Rameshwar Karki told RSS that the party's..

Technology

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YouTube bans ‘implied’ threats

SAN FRANCISCO, (AFP): YouTube broadened its anti-harassment policies on Wednesday to include a ban on "implied" threats along with insults based on race, gender identity or sexual orientation. "We will no longer allow content that maliciously..

Health

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TU increases amount size of student medical expenses

KATHMANDU: The Tribhuvan University (TU) has increased the amount of medical expenses being given to its students by hundred percent beginning from the current fiscal year. Now, students of TU constitute campuses can claim up to Rs 100 thousand..

Religion

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Bivaha Panchami festival being celebrated today

KATHMANDU: The Bivaha Panchami festival is being celebrated throughout the country today by worshipping and paying homage to Shree Ramchandra and Sita. This religious and cultural festival is observed on the fifth day of Shukla paksha (the waxing..

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Miscellany

KASKI: The 8th edition of Nepal Literature Festival has started on the bank of Fewa Lake in Pokhara from today. Inaugurating the event, Chief Minister of Gandaki State Prithivi Subba Gurung pressed for the need for the people be elevated at intellectual level besides being empowered economically. CM Gurung said," It is a matter of pride that the event is being held in Pokhara. Gandaki State is rich in art and culture." According to him, the notable litterateurs such as Bhanubhakta Acharya,......