http://www.nepalnews.com


July, 2001

Column

Talking Thoughts

Economy sees

Silver Lining at the time of Crisis

The tragic incident of 1st of July 2001 can never be omitted from the hearts of all the Nepalis. No sector was detached from the magic of most charming and liberal personality of late King Birendra. The general public showed their sympathy and respect to the King and royal family, in such an exemplary way that was never observed in the past. The main gate of Narayanhiti Royal Palace became a shrine for the public to pay their homage to the late King. The photos of the Royal Family were placed not only at the Royal Palace, but at every nook and corner of the city and people thronged there to pay their homage. Whether young or old, of the east or west, there was no one among Nepalis who did not literally cry for the tragic loss of whole family of late King Birendra.

It’s a harsh reality for humankind that the saddest event has to be suppressed in the dark corner of our heart and look forward with a new anticipation. After the completion of mourning rituals of the late King, Queen and their family, the life is coming to normal all over Nepal. The sad tearful eyes are slowly dying up and they are now raised again to hail the new King, with a firm belief that whatever was lacking in the past would be fulfilled expeditiously by the new King.

On the backdrop of our constitution that ensures constitutional monarchy, and also going by the first public statement of the new King that he would adhere to the principles of multiparty democracy, the fears of any unwanted move from the King have been put to the rest. Our constitution experts and politicians understand that the King gets enough leeway within existing constitution to lead the country on the right track.

The only difference between late King Birendra and present King Gyanendra is that the elder brother was watching for the opportune moment to exercise his power whereas the younger brother has no time and choice but to utilize his limited boundary to guide the country to the right direction. However, while doing so he should not cross the limitations of the current constitution, otherwise he himself will soon be encircled by the camouflaged wolves who are least concerned even when the country will be finished up.

The major area in which improvement is expected from the new King is security situation. When the Maoists have shown interest to enter into mainstream politics, political parties have more or less hoisted white flag of cease-fire and the general public has over-experienced the undue freedom of democracy, it is but natural that a new ray of hope is seen in the new scenario.

His Majesty King Gyanendra is very much aware of the pathetic condition the economy is passing through. His business acumen will certainly help support the economic development of the country. Hence, at the time when the country has managed with difficulty to salvage itself from the pool of sorrow, the economic sector has already seen a silver lining.

If the security situation is restored in the country it is obvious that foreign investment would enter one after another. If the Maoists stop blasting the machines of the foreign joint-venture companies, there are many investors who wish to produce goods in Nepal, pay taxes to Nepali government provide employment to Nepalis and sell the goods to India and abroad. The tourists from world over are just queuing up to visit the country of adorable royal traditions, of mount Everest, of honey hunters and of Thinley who leads caravan of yaks.

The economy of the country has seen worst in the past. If it is believed that everything in this earth moves in a cyclic order, i.e. continuous change between good and bad, then the time has come for Nepal that it experiences some good things now. There has been enough bad in the past.


Business news | Legal side | Column | Corporate | Cover Feature | HR Focus | Economy & Policy | Special | Personality | Showbiz | Interview | Last Word | Management | Marketing | World Trends | Stock Taking | No Laugh | Main | Past |

Send your feedback to the editor: bizline@mos.com.np 1999 © Mercantile Communications Pvt. Ltd. P.O. Box 876, Durbar Marg, Kathmandu, NEPAL. Tel : 977 1 220 773, 243 566 . Fax: 977 1 225 407. Reproduction in any form is prohibited without prior permission. No part of the articles which appear in the internet version on NEW BUSINESSAGE may be reproduced without the permission of Mercantile Communications Pvt. Ltd. For reprinting rights, please write to us.  Send us your feedback:contact us . This site is best viewed at : 800 X 600 resolution

Back to the top