Nepal facing financial crisis without leade

Even as Nepal failed to elect a new prime minister for the 15th time on Monday, as most lawmakers stayed away from the election process, the country is facing another crisis. Till the elusive political consensus is reached, the country remains in limbo and stares at financial crisis due to non-presentation of its annual budget.

Updated on: Nov 2, 2010, 24:51:48 IST

Hindustan Times | By Utpal Parashar, Kathmandu

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Even as Nepal failed to elect a new prime minister for the 15th time on Monday, as most lawmakers stayed away from the election process, the country is facing another crisis. Till the elusive political consensus is reached, the country remains in limbo and stares at financial crisis due to non-presentation of its annual budget.

News reports quoting Prime Minister’s office and finance ministry officials say that there’s not enough money to pay salaries to civil servants.

The caretaker government of Madhav Kumar Nepal had passed a partial budget in July for four months. The country needs to pass a full budget by November 16 if developmental work and other sectors are not to be severely affected.

ABOUT THE AUTHOR
Utpal Parashar
A seasoned senior journalist, I have nearly three decades of experience across print, digital, and online platforms, covering political transitions, insurgencies, environmental issues, and development stories in India and Nepal. I am skilled in breaking news, leading editorial teams and launch of newspaper editions. I am adept at leveraging digital trends and social media to expand global reach, with a strong ethical foundation and a reputation for impactful journalism. An alumnus of Asian College of Journalism, I joined Hindustan Times in New Delhi as a trainee reporter in May 1997. Over the years, I have been posted in Dehradun, Kathmandu (Nepal) and Guwahati. Currently, as Senior Assistant Editor at Hindustan Times, I lead a team reporting on India’s northeastern states. My work involves in-depth analysis, and engaging multimedia storytelling across formats, including text, photo, video, and interactive content. I am skilled in producing timely, shareable content, leveraging digital platforms and social media to engage global audiences. Throughout my career with the Hindustan Times, I have led diverse editorial teams, designed capacity-building activities, and supported reporters in developing strong story ideas, ethical reporting practices, digital skills, and fact-checking techniques. As Senior Assistant Editor for Northeast India, I have been responsible for guiding correspondents through complex political, humanitarian, and community-level stories using multimedia formats. Earlier, as Foreign Correspondent in Nepal, I produced extensive reporting during Nepal’s democratic transition and the 2015 earthquake and its aftermath.Read More

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