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Nepal recorded negative BoP in past two years

Nepal recorded negative BoP in past two years My Republica KATHMANDU, July 16 Nepal s balance of payments (BoP) turned negative in the last two years on soaring imports and a fall in the net inflow of foreign direct investment (FDI). According to the 11 months report on the Current Macroeconomic and Financial Situation published by Nepal Rastra Bank (NRB) on Thursday, the country s BoP registered a deficit of Rs 15.15 billion in the first 11 months of the current fiscal year compared to a surplus of Rs 179.37 billion in the same period of the last year. As of mid-July 2020, the country had a BoP surplus of Rs 282.41 billion.

First on the list

First on the list Kathmandu Post Nepal, July 16 In 2017, when Sher Bahadur Deuba became prime minister, he set a record-and got bad press-by forming the largest ever Council of Ministers in the country s history by packing it with 50 ministers. Two decades ago, in 1996 also, Deuba led a 48-member Council of Ministers. A bloated Council of Ministers in the past could be attributed to coalition compulsions. During his fifth stint, Deuba does not have the luxury of setting similar records as the constitution has fixed the maximum number of ministers at twenty-five. The prime minister, however, is once again leading a government backed by the Communist Party of Nepal (Maoist Centre), a faction of the Janata Samajbadi Party and Rastriya Janamorcha. Deuba s prime ministership comes amidst, albeit, a difficult time. And he has his work cut out for him.

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