Federal Nepal: Economic Collapse Imminent!

Federal Nepal: Economic Collapse Imminent!

The Delhi calculatedly drafted 12 point agreement for Nepal in the year 2005-6 is causing panic in the country. However, some selected few political creatures have been enjoying though.

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With all the political aberrations observed in the Indian democracy which equals to mobocracy that the said agreement imported from Delhi that time has begun annoying even to those who then championed for the Delhi mediated and facilitated the Indian regime to pounce upon Nepal in a manner Delhi desired.

Delhi’s gracious mediation in our internal matters then had been a matter of pride for us all, if we all recall. The agitating seven were beaming then. Some of them could be seen in today’s political spectrum as well quite happy with the system as the change has brought fortunes for this selected few.

The net result has been that the poor but yet ever smiling Nepali population have been forced to pay heavy taxes in order to keep straight the political leaders who had knelt down in front of New

Delhi and begged for this political change that we have since 2005-6 in place.

Delhi is always the winner in Nepal.

The most unwanted appendage that entered with the so called political change was the advent of federal system of governance in Nepal which in a way bifurcated the small nation into several parts which has, admit it with courage, alienated the Nepali citizens from one district to the other simply because with the provinces differing, it also differed our mindset as well for the worst perhaps.

Now that to feed the ever hungry political creatures scattered in the entire nation from here to there, and from center down to the village levels, the national population is thus forced to pay heavy taxes in order to keep the expensive federal system going.

The fact is that Finance Minister Dr.

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Yubraj Khatiwada is currently in Washington D. C to convince the World Bank top functionaries that Nepal’s federal order can only survive with the Bank’s generosity and that the Bank must prove a sizeable chunk of money as a loan.

Professor Madan Kumar Dahal, the senior economist of the country says that Nepal may collapse any time soon as a nation-state if loan needs to be borrowed to keep the federal order going.

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Dr. Dahal was the Chairman of the Mega bank for some good years in the recent past.

“Chances are high that Nepal may soon be declared as a failed state if such a situation prolonged for some time more in the future”, said veteran economist to a news channel recently in Kathmandu.

Political personalities like Kamal Thapa and veteran communist leader Chitra Bahadur K. C had been voicing their serious concerns over the ushering in of the federal order in Nepal. Thapa and

Mr. KC were from the very beginning against the federal system of governance which according to them were not viable political instrument for small country like Nepal.
Now that Nepali minister has approached USA to ask for a substantial loan from the World bank, Thapa and KC appear to have spoken the facts.

Professor Dahal says that Nepal may turn into a new Somalia in South Asian region due to the expensive federal system of governance.
According to Prof. Dahal, some sort of Fiscal Commission has to be constituted for the management of state expenditure and there is also the need for devising a kind of fiscal strategy in order to save the country from being declared a failed state.

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Fiscal discipline must be maintained, adds Prof. Dahal.

Frankly speaking, save a few political men who have been enjoying with the advent of Federal system of governance, the larger section of the people of Nepal think that they are being heavily taxed for saving the luxurious lives of a few political stalwarts in the country.

Has the federal order become already a burden on mother Nepal?

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If so then let’s think seriously.