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Tel : 4228229, 4242530 www. nib I. com. n p il UIC1 ii5 a-altsc ifl oc ~ fi!J. NEPAL INVESTMENT BANK LTD. ICRA tfru[y a :Nepa[i (Banft [Nepai)A SPOT LIG H TFORTNIGHTL y Vol.: 04 No.-07 Sep. 03-2010 (Bhadra-18, 2067)

e ended our note in these columns in the last issue W with a question that had been haunting common men across the country: e\·en if we have a new prime minister, a new governme nt and a new cons tit ution w ill it ma ke an}· difference to the present state of the nation? \ Ve then concluded that such frustration and loss of faith in future can be d angert)lls and disturbing. Nothing has changed in the past two weeks. lf any, it has changed onlr for t he \\·orse. \ \'ift h the ifth round of prime mini<>ter selection predictabl) failing to produce an outcome, the pol itical crisis has ueepened. Even deeper now is t he looming econom ic cris is. vVit h no ne w budget on rime, the government 6> pending is set to come to a grincling halt in a bnweks. That \\ill halt all economic acti\itie..., most importantly the monthly pay to the go,·ermncnt &tall Revenue\\ill he hard hit at a time when impon al ready far exceeds exports and even t he sen'ice sector facing a dangerous INTERVIEW: BALANANDA PAUDEL ! 8 PEACE PROCESS UNMIN Endgame? 11 deficit (see a rdatcd story in the NEWS NOTES 2 i nc;ide pages). Clearly, an emergenC) ECONOMIC BRIEFS 4 NEWSCLIP appears on the carus \\ hether one hl

Editor and Publisher: Keshab Poudel, Senior Correspondent: Saroj Oahal. Correspondent: Uma Kanta Khanal, (Jhapa) Abljit Sharma (New Delhi). Reporter: N1tish Dev Bhal!:arai Marketing Manager : Madan Raj Poodel. Tel: 9841320517 . Nabln Kumar MahaJjan Tel. 9841291404. Photographer: Sandesh Manandhar Cover Design/Layout : Han Knshr.a Bastakoti Editorial Office: Tel:977-1-4430250 E-matl. [email protected]. PO Box. 7256 Office: Kam:ai Pokhan, ThrSomt.larg.House No 559'144 (OppositeiOHimal Hosprtal) Printers ·Pioneer Offset Printers (P) Lid., o.t!ibazar. Ph. 4415687 KathrnanduDAORegd No. 148/111063:64. Posta!Regd. No. 0710661067 USlibrary of Congress catalogue No. 91-905060

NEW SPOTLIGHT NEWSMAGAZINE I Sep. 03, 2010 I 1 NEWSNOTES USAID Ext ends Remote Area planning best prac-ri.ccs. connection " ith media reports that Health Coverage Dr. Kevin A. Rushing, t\ I is ~.;io n questioned t he quality of p roducts Director of USAID!Nepal, remarked USAIDtl'\epal announced the manufactured by some Ind ian joint "The Healthy Homes program i:, launch of its fi"e y~ar , $15.6million Ghar ,·enturcs in '\epal. Kailash Shirohia of so that focus remains on 1he Ghar .\faa Swasrlna (Healthy Homes) designed cpal \ledia Society (print), R.K . most \Ulnerable populations living in progr:mL \lanandhar. Tcle\'ision Broadcaster, The program\\ ill assbt Bishnuhari Dhakal. Broadcasting the gon ·rnmcnt of '\epalto . \ssociation of \:epal (commercial radio) ~xpand rh<: depth, reach a nell\ lin Bahadur Shahi. Association of and impclCt of rhc prh·are P"'!!lhr:b~~~ Community Radio Broadcasters Nepal sector in social markeri ng. (the umbrella organisation fo r by pro deli ng low cost community radio b roadcasters) supply of rnmcrnal child health, family pLt nning cnulioncd the lncliao Embassy not to am i H IV pt-c \'Cntion "(werstcp its hmmdary." products and services. r hc statcmcm also r eminded the lJSATD's H ~a l t h y embassy that the Nepali media operated Ho m~s program <.:om pri s~:s under the lavvs of sovereign Nepal. two components. L ndcr "NcpaU media are freec to hoose their the first <.:o mpo ncnl, content and have fu lly utilised this right. l SAID is fu nding the the more remote S)'· from Indian JoinL \ 'entures by a few The Emba&sy also adds that il has media organi::ations. been informed by the indian JVs that Media Houses React "At no point did the Embassy refer to they hacl been 'approached by such Associations of four media houses tihe med ia n Nepal in general. The media houses lor rele ase of jointly issued a statement raising reaction by these meclia associations adveniscments and arc being threatened objection over the press statcmem issued would ha ,.e been credible if backed up with negative pubU<:i ty [["those requests by the lnclian Embassy on AugusL28 in

NEW SPOTLIGHT NEWSMAGAZINE I Sep. 03, 2010 I 2 NEWSNOTES by a condemnation of such unethical Specifically, with this g rant the practices and an offer to discuss how to Y1ountain Institute w ill restore the address the issue wi rh concerned Pangboche monastery and its en\'i rons companies," the spol

Dabur,Nepal's Products agree with its recommendations. Earlier the Nepal Oil Quality Claim Corporation ( NOC) had said that it can bring do\\'0 the price Dabur :\epa] has claimed that its of cooking gas once the 13 percent \'AT is "·ah'ed by the products maintain high quality government. lt had said that if the\ AT is "·aived it can reduce thanks to the utmost care taken by it. the price of LPG by Rs 120 per cylinder. At present, the price Dabur issued this statement when of LPG per cylinder is Rs 1250. efforts are being made in 1epali Donations market to discredit its products. Saying that Real Juice brand Yeti Airlines donates Rs 1.32 million to four non ~ is still popular in '\epali market, Dabur urged \'epali governmental organisations (NGO) working in the field of consumers not to bel icvc the misleading news reports that are healrb, women and children under its corporate social being spread through various media for the last couple of weeks. responsibility (CSR). "Rumors against the market are a planned plot to spoil the relations between the company and t he consumer," said Dabur, Nepal. The company said that it had already tested its products Real Mango Nectar 200 ml (Batch no NB007l3, Mfcl 04/10) after preparing its analysis report from Food Technology and Quality Control Department. The company also received letter stating tbe production was satisfactory in 2067 BS from the department. According to Dabur Nepal, the whole process from importing of raw materials to packing the goods are based on ultra-modern technology adding that all the products are produced by the company. Banks' lending To Real Estate Sector Over Rs 63 billion Of the total lending of Rs 462.24 billion by the banks, 0\·er The airline supports '\GOs from Rs 4 collected from each Rs 63 billion have been invested in the real estate sector. This passenger ticket. Yeti Airlines handed over a cheque of Rs is 13.68 percent of the total lending. The banks' lending in 331,590 to each of the four NGOs- ltahari-based Helpless Housing sector has reached beyond Rs 35 billion - which is Children Welfare Mi.ssi.on, Sewa Kendra Leprosy Relief, 7.67 percent of total lending. In recent times, the central bank Kathmandu, Spinal Injury Rehabilitation Centre, Sangha, and to osure on real has asked the banl