|
"Back then the state coffers were plundered deliberately, now the problem is that of mismanagement of the coffers."
Dr. Raghav D Pant, Chairman of Institute for Development Studies (IfDS), comparing the present situation with that of February 2006, when IfDS had predicted that the government under the direct royal rule was going to be bankrupt by June 2006.
"Now our attention has to focus on India."
Prashant Pokhrel, newly elected President of Garment Association Nepal (GAN), informing the interest shown by India's Reliance Group to help rehabilitate Nepali garment industry.
"We're bringing out disclosure standards for the insurance companies."
Devendra Pratap Shah, Chairman of Insurance Board, pointing out the weaknesses in the financial reporting of the insurance companies and his plans to reform the sector.
"The finance cooperatives have done much better than the banks in helping the poor."
CB Lama, Chairman of Kantipur Saving and Credit Cooperative Ltd. and Pashupati Saving and Credit Cooperative Ltd. claiming that the banks have helped only the rich to get richer.
|
