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Voices
“There is neither a need nor a possibility of amending the monetary policy.”
KB Manandhar, Acting Governor of Nepal Rastra Bank, responding to a question whether the recently announced monetary policy is going to be amended due to the ongoing global financial crisis.
“We have a plan to distribute additional 2 million GSM, 70,000 PSTN and 400,000 CDMA mobile connections this year.”
Rupak Halder, Managing Director, Nepal Telecom, explaining the company’s plan for the fiscal year 2008-09.
“What the monetary policy lacks is measures to bring under the banking system the money that is lying outside the system.”
Siddhant Raj Pandey , CEO, Ace Development Bank, pointing out that with most of the money outside the banking systems the monetary policy in Nepal is not going to be effective enough.
“Nepal should understand that India’s concern is more about controlling floods than getting electricity from the Nepali rivers.”
Dr. Jairam Ramesh , India’s Union Minister of State for Power and Commerce, speaking at the sidelines of the recently held Power Summit in Kathmandu.
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