Submit your Article

Prime Minister Pushpa Kamal Dahal has claimed that the country has the highest foreign currency reserve in history.

Addressing the nation on the occasion of the completion of one year in office, Prime Minister Dahal claimed that the foreign currency has increased by Rs 157 billion.

Prime Minister Dahal said that he made public the report card of one year as per the commitment he made while being appointed as the prime minister.

In the meanwhile, he  claimed that the public institutions have also become profitable.

He went on to claim that Nepal Oil Corporation, Nepal Electricity Authority and Nepal Airlines Corporation have managed to make profit.

The prime minister, however, said that the country’s economy did not grow as he expected.

Prime Minister Dahal said that he will take responsibility of it.

Prime Minister Dahal claimed that Nepal has exported electricity worth over Rs 15 billion in one year.

Addressing the nation on the occasion of the completion of one year in office, Prime Minister Dahal said that Nepal earned Rs 15. 27 billion by exporting 700 megawatt of electricity in one year, which is 31.28 percent more than the same period of the previous year.

Saying that Nepal was bearing the brunt of 18 hours of load shedding until he was appointed as the prime minister for the second time, he made it clear that Nepal has now become able to export the power.

“Nepal, which had to import the electricity during the monsoon season also, has reached the position to export the electricity,” he said.

Nepal’s power generation capacity has increased to 2892 megawatt in the seven years. Among which, around 541 megawatt was added in this year only, the prime minister stated.

During his visit to India this year, a long-term power trade agreement was signed with an objective to export 10, 000 megawatt of electricity in 10 years.

Prime Minister and CPN (Maoist Center) Chairman Pushpa Kamal Dahal has described Marxism as a philosophy to make a substantive analysis of a concrete situation.

In his address to a program organized at the party central office in Parisdanda on the occasion of the 131st birth anniversary of the Chinese leader Mao Zedong (Mao Day) today, Dahal said, "The cultivation of Marxist thoughts remains a primary challenge for the Communist movement at present."

He insisted on the need of developing ideology being based on the evolving global context. "Today's national and international scenario differs from that of Mao's lifetime. Significant global changes have occurred post-Mao, with imperialism persisting through new strategies and actions. We, as Maoists, need to adapt ourselves to the given context, but unfortunately it has not happened."

On the occasion, he said remembering Mao means analyzing and understanding ideology and revolution in a fundamental way.

He said social justice, good governance and prosperity are bases for charting out a course for socialism and the incumbent government is actively working towards that end.  "The government accords top priority to social justice, good governance and prosperity to create a foundation for socialism. We will move ahead accordingly."

The Maoist Chair took time to say that the party will come up with a new campaign once its ongoing campaign entitled "Maoists with people: special transformation campaign" concluded. The four-month campaign is set to conclude on January 1.

Mao Tse-tung (Zedong), a great Chinese politician, Marxist theorist and a revolutionary figure was born December 26, 1893, Shaoshan, Xiangtan, China.

Maoist Centre's vice chair Pampha Bhusal, General Secretary Dev Prasad Gurung, Deputy General Secretary Barshaman Pun were among those attending the event.

Finance Minister Dr Prakash Sharan Mahat has said that the country's economy is improving and the economic indicators are now positive.

Talking to media persons at Bharatpur Airport today, Minister Mahat said, "The negative publicity that there is no future in Nepal and no one should invest in Nepal has ended. Now, the environment of investment has been built in the country."

Although attempts were made to spoil the investment climate, the economy has come to a comfortable state, he stressed. 

The finance minister viewed, "Self-confidence of investors has boosted. The future is beautiful if we move ahead with the message – let us invest by identifying areas of investment." Urging one and all to invest without any doubt, he clarified that the government has the policy of investing in profitable industries.

Minister Mahat further said the share market is rebounding gradually and a remarkable number of tourists have visited Nepal. "There is improvement in the real estate business. There are enough prospects of profit if investment is focused on infrastructure."

He called for investment in the tourism sector, which has immense potential. FM Mahat opined the recent decision of the Nepal Rastra Bank has addressed the problems of entrepreneurs.