‘South Asian governments must take effective and careful steps to promote regional trade among South Asian Association of Regional Cooperation (SAARC) member countries.’

Dr Baburam Bhattarai, Prime Minister, giving a hyperbolic statement about significantly increasing per capita income of Nepal and reducing poverty with the help of cooperatives

 

 

‘The government believes sending youths to foreign employment is a better alternative than improving the industrial environment in the country’

Pradeep Jung Pandey, Vice President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), complaining about the government’s lackadaisical approach to resolve the labour shortage in the industry sector

 

 

‘Nepal Rastra Bank will intervene if cooperatives do not work in accordance with the true spirit of cooperatives’

Dr Yuba Raj Khatiwada, Governor of Nepal Rastra Bank, warning to take action against those cooperatives that do not strictly follow the code of conduct and good governance

 

 

‘Nepal Electricity Authority is like a leg infected with elephantitis that looks big but limps. That is why electricity shortage is rife in the country’

Lila Mani Poudel, Chief Secretary, commenting on the inefficiency of Nepal Electricity Authority.

 

 

‘The private sector is being used for vested interests by the state and politics. So, it is not getting enough space in the policy formulation process. The role of the private sector is becoming less effective and more opportunistic’

Binod Chaudhary, President of the Confederation of Nepalese Industries, expressing his discontent over the government’s inability to realise the private sector’s role for economic growth.