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Bull Will Sustain In fact, over the last one year or so, the stock markets here have really shown that the Bull is here to stay (The Bullish Market Spotlight June 30). Unlike during the 1994s, the present upward trend in the stock market is more mature and complemented with the balance sheets of the listed companies. In that way, we can safely say that the trend is sustainable. Anil Shrestha Still In Infancy Nepalese stock market is still in its infancy ( The Bullish Market Spotlight June 30). The sudden ups and downs witnessed in the stock market are the examples that it is yet to mature into a stable and reliable capital market. Fortunately, signs are positive that our stock market is moving along the right direction. But the authorities should also complement the development with prudent policies. That way we can be hopeful of the development of capital market in our country, too. Sujan Baidya Public Awareness Whenever a commercial bank or some other financial institutions float shares to the public, we can see serpentine queue of aspiring investors at the capital market (The Bullish Market Spotlight June 30). But nobody is sure whether the public are really aware about what they are investing in and why they are doing so. As such, Nepalese people seem to be aware about investment at least in primary capital market. But the level of awareness on the secondary stock trading is still not adequate. It is important, therefore, for media like you to educate the public about the stock trading and things like that from time to time. Suresh Chalise Crowded Sky In less than a decade, Nepalese sky has been crowded by scores of aircrafts of private airlines (Flight To Uncertainty Spotlight June 23). This is a positive sign especially for a country which is noted for its difficult topography and rough terrain. In fact, air transport is the only viable option for transportation for many parts of the country. As such, expansion of air transport service is a welcome development. But care should be taken to motivate the private airlines to fly not only in commercially viable destinations but other far-flung regions as well. The provision that private airlines should operate a certain percentage of its flights to remote districts should be strictly enforced. Dipesh Silwal Review The Policy The experiences of the past eight years are adequate for the authorities to consider reviewing the liberal sky policy (Flight To Uncertainty Spotlight June 23). Reviewing does not necessarily mean that the government has to cancel the policy itself. Rather it could be the refinement of the document to suit the changing time and context. It can also be helpful in correcting the lapses prevalent. In your cover story, all the officials including Minister and Secretary have supported the idea of reviewing the policy. Their support should translate in to action in coming days. Narendra Bajgain Look Towards Future The article by Mr. S. B. Pun that appeared in June 16th issue of Spotlight on Energy Glut was a marvelous read. It provided insights into the energy scenario of the country. As pointed by the author, the country is set to produce electricity in excess of the demand by the next year. While this could be a refreshing news to people of Kathmandu who are plagued with load-shedding and power cuts, the excess production will result in an uncomfortable situation for the government. Time is running out. Unless we make some arrangements to utilize this excess energy, the country may be forced to spill its hard-produced energy. Again like the author pointed, the best option could be the development of energy-intensive industries that will usurp the excess energy as well as provide good support to the national economy. Anup Joshi Wise Decision After the initial hiccups, the government finally made a wise decision to revoke its earlier decision to suspend the registration of electric vehicles in Kathmandu Valley (Victory At Last Spotlight June 16). The government had come under fire from several quarters after it made a hasty and ill-justified decision to suspend the registration of Safa tempos -- darling of the environmentalists. This all out protests against the government was unprecedented and marked a remarkable unity among the environmentalists. After burning its fingers, the government must have learned now to tread cautiously in issues of environmental concern on future. Prem Kumar Thapa |
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