Top Stories

Rudra Pandey


Demand for Ambitious Undertakings

Who would have thought that China would dominate the world consumer market within 50 years of the Red revolution? Who would have thought that Japan would grow at a double-digit rate for 20 years and become the world’s second largest economy? It is all part of ambition and determination of those visionaries who lead the nation. Nepal has not yet seen visionary leaders who can bring together people with different ideas and build consensus among political parties for nation building. It is natural to have differences in opinions, but we need leaders who can forgo these differences and join hands when it comes to national interest. No doubt, Nepal, sooner or later, will find such leaders who will find a way to introduce ambitious plans and policies for the nation. Let us hope we see that soon. What could be such ambitious undertakings?

One of them would be privatization of all the government-owned corporations, including Royal Nepal Airlines Corporation (RNAC), Nepal Electricity Authority, and Nepal Oil Corporation. Privatization should not be done in haste. Privatization without necessary regulations creates chaos. In an extremely mature capital market, such as that in the United States, privatized industries have been regulated and regulations are fine-tuned on a regular basis. For example, telecommunication regulations in the United States have gone through a series of big overhauls over the past 50 years. Massive regulatory preparations are required prior to launching any privatization initiatives. The post-1990 Nepali government ignored or overlooked important preliminary steps such as valuation and necessary regulations needed for privatization.

Let us talk about the state-owned RNAC. Why is this national flag carrier doing so poorly? What is holding this high growth industry in Nepal from making profits or even making itself sustainable? Is this a typical Nepali problem – not knowing when enough is enough? RNAC is owned and run by one of the most inefficient, corrupt and unstable governments in the world. Our government does not seem to have a basic understanding of dealing with minor problems. Independent institutions, specializing in government institutions’ valuation, should undertake the task of RNAC’s hard and soft assets valuation. Based on such valuations, the government should move ahead with privatization with required control and regulations so that the future owners will be barred from constructing shopping malls in some of RNAC’s properties. Another major undertaking in Nepal would be to start a massive east-west four-lane highway running through the mid-hill region, instead of the Terai. A project of this scope and size needs ambition, determination, patience and vision. This type of project certainly may seem unrealistic to those leaders who use every means to cling to power and who do not have an in-depth understanding of spillover effects and long-term social benefits arising from such projects. Highways built on rocky mountains cause less environmental damages and are less likely to be swept by minor flooding. Rivers are narrower and smaller in the hills; costs of building bridges over such rivers are generally low. Such a highway running through the mid-hill region will be a major breakthrough in development of a remote and village dominated country like ours. Such a project will not only create substantial employment for Nepalis but will also boost our tourism industry.

However, such projects require thorough study and business plan backed by determination and discipline. We need to undertake projects like this one without worrying about short-term return on investment. Construction of highways in our country is one of the basic needs for development and we must be willing to forgo short-term loss while building these infrastructures.

The world today is a single market place with zillions of opportunities. Opportunities are still uneven across different nations. Many smart nations are creating business- and investment-friendly environment and attracting significant amount of investment from people beyond their borders. Nepal is a tiny state where a huge difference can be made in days, not years.

Legislation in Nepal does not change or changes at a snail’s pace. We should be able to change our legislation at a click. Let’s take the example of our neighbor, India. Although India is no better than Nepal in changing legislation, it still has done a lot better in the past 10 years in making their country investment-friendly while Nepal did nothing significant rather than observing the success of India on this front. We need to be more aggressive in making our legislation simple and transparent to the extent that no other competing nation can match us. We need to be more aggressive in creating business opportunities to both domestic and foreign investors. It will not hurt us. We currently do not provide any protection to investors. Nepalis have a lot of money to invest but what is seriously lacking is a place to invest. Our government needs to take extreme measures to protect investors and make Nepal a safe haven for those who want to invest. This is not very difficult to achieve. The government just needs to thoroughly study policies of other competing investment-friendly nations and with a little tweak, we should be able to launch a policy that may very well appease all. This will serve the following purposes: provide opportunities for Nepalis living in Nepal to invest in areas where there are higher returns, attract foreign capital, and allow non-resident Nepalis with ideas to serve their country.

Someone has to start. The major problem among us is our unwillingness to try. Everyone wants to follow what others have done. This kind of behavior is not entrepreneurial and brings us back to square one. We have already gone through the worst. Our nation is ready to explode with an unemployment rate, which is as high as 40 percent. It is time to wake up.

(This article was published in The Kathmandu Post.)

28 thoughts on “Demand for Ambitious Undertakings

  1. Oh my goodness! an incredible article dude. Thanks Nevertheless I’m experiencing difficulty with ur rss . Don’t know why Unable to subscribe to it. Is there anybody getting similar rss downside? Anyone who is aware of kindly respond. Thnkx

  2. Thanks for your publication. I also believe that laptop computers have become more and more popular today, and now will often be the only kind of computer utilized in a household. This is because at the same time that they’re becoming more and more very affordable, their working power keeps growing to the point where there’re as effective as desktop through just a few in years past.

  3. Undeniably consider that which you said. Your favorite reason appeared to be on the web the easiest factor to be aware of. I say to you, I certainly get annoyed at the same time as people consider worries that they just don’t understand about. You controlled to hit the nail upon the top and also defined out the whole thing with no need side-effects , folks can take a signal. Will probably be back to get more. Thanks

  4. You actually make it appear so easy together with your presentation but I to find this topic to be really one thing that I think I might never understand. It seems too complex and extremely extensive for me. I am taking a look ahead for your subsequent post, I will try to get the hold of it!

  5. Hello are using WordPress for your site platform? I’m new to the blog world but I’m trying to get started and set up my own. Do you need any html coding knowledge to make your own blog? Any help would be really appreciated!

  6. One thing is one of the most widespread incentives for using your card is a cash-back or even rebate offer. Generally, you’ll receive 1-5% back in various expenditures. Depending on the card, you may get 1% returning on most expenses, and 5% back again on expenses made from convenience stores, gasoline stations, grocery stores and ‘member merchants’.

  7. Thank you for all your valuable hard work on this blog. Kate loves setting aside time for investigation and it is obvious why. We know all relating to the lively ways you make functional information via the blog and in addition cause response from other ones on that topic plus my simple princess has always been studying a whole lot. Enjoy the rest of the new year. You are performing a really good job.

  8. Thanks, I’ve just been searching for info about this subject for ages and yours is the best I have found out so far. However, what in regards to the conclusion? Are you sure about the source?

  9. Furthermore, i believe that mesothelioma is a scarce form of many forms of cancer that is normally found in those people previously familiar with asbestos. Cancerous tissue form inside mesothelium, which is a shielding lining which covers the majority of the body’s body organs. These cells typically form in the lining in the lungs, abdomen, or the sac that really encircles the heart. Thanks for sharing your ideas.

  10. Hmm is anyone else encountering problems with the pictures on this blog loading? I’m trying to find out if its a problem on my end or if it’s the blog. Any feedback would be greatly appreciated.

  11. Pretty section of content. I just stumbled upon your weblog and in accession capital to assert that I get in fact enjoyed account your blog posts. Any way I’ll be subscribing to your feeds and even I achievement you access consistently fast.

  12. Do you mind if I quote a few of your posts as long as I provide credit and sources back to your webpage? My website is in the very same niche as yours and my visitors would really benefit from a lot of the information you provide here. Please let me know if this alright with you. Many thanks!|

  13. Kurye olarak hizmet veren kişiler, bulundukları lokasyondaki her adrese en kısa sürede ulaşma yolunu bilirler. Üstelik verilen bu görevi hava, trafik ve buna benzer diğer olumsuz şartlardan etkilenmeden yerine getirirler. Yani iş hayatı başta olmak üzere hayatın hemen her alanında önemli görevleri üstlenebilir ve başarıyla yerine getirebilirler. Özellikle büyük şehirlerdeki trafik kaosu ve adres konusundaki karmaşa göze alınırsa, kurye hizmetlerinden faydalanmanın bazı durumlarda zorunlu hale geleceği anlaşılabilir. Örneğin İstanbul’un bir noktasından diğer bir noktasına acil şekilde önemli bir evrak ulaştırmak gerektiğinde ya da hastanızın ihtiyacı olan ilacı acil ve güvenli bir şekilde ulaştırmak gerektiğinde, İstanbul moto kurye hizmetimizden faydalanarak sorununuza çözüm üretebilirsiniz.

  14. I simply want to tell you that I am all new to blogging and site-building and definitely liked you’re web-site. Likely I’m planning to bookmark your website . You actually come with fabulous writings. Appreciate it for sharing with us your blog.

  15. I and also my guys were found to be viewing the excellent hints from your web page then unexpectedly developed a horrible suspicion I had not expressed respect to the site owner for them. All of the ladies were for this reason joyful to study all of them and already have quite simply been having fun with them. We appreciate you actually being simply accommodating as well as for obtaining certain notable ideas most people are really desirous to discover. Our honest apologies for not saying thanks to earlier.

  16. Needed to put you this very small remark in order to give many thanks once again over the precious tricks you’ve provided on this website. It was incredibly generous with people like you to give extensively all that a number of people might have supplied for an e-book in order to make some dough for their own end, principally now that you could possibly have tried it if you decided. Those concepts as well acted as a easy way to understand that someone else have a similar eagerness just as my own to learn a good deal more concerning this problem. I am certain there are numerous more pleasant times in the future for folks who scan your site.

  17. I have to convey my gratitude for your kindness for visitors who really want help with that issue. Your special commitment to getting the message all through has been remarkably functional and has all the time enabled others like me to get to their desired goals. Your new insightful report entails so much a person like me and further more to my colleagues. Best wishes; from all of us.

  18. I must show some thanks to the writer just for bailing me out of such a predicament. After scouting throughout the search engines and meeting methods which were not beneficial, I assumed my life was well over. Existing without the presence of solutions to the difficulties you have resolved all through the short article is a serious case, as well as ones which could have adversely damaged my career if I hadn’t come across your web blog. That competence and kindness in handling all the things was valuable. I don’t know what I would’ve done if I hadn’t encountered such a thing like this. It’s possible to at this time look ahead to my future. Thanks so much for your specialized and effective help. I won’t hesitate to refer your web blog to any person who needs and wants direction about this subject matter.

  19. I do not think we can act anyway in Nepal, unless, we have Positively ambitious People in power. the recent dramatic efforts to make Prime Minister the Supreme power Ful post in Nepal may pave a new way, But , the old conceptualized political parties will not go for Development Express…unless some new leaders can blow horn in the old brains that has been ruling the leaders for long.

  20. Having a great leader and making big plans are of course great steps for development and prosperity.

    But I think, foremost we should strengthen our foundation and be clear and firm in our fundamental values regarding monarchy, democracy…
    Once we have a strong foundation of absolute democracy that can bear great leaders and create an open ground for great plans.

    Maybe, this is the time we all work for that.

Leave a Reply

Your email address will not be published. Required fields are marked *