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FORTNIGHTLY Thebanker Awards 2010 FORTNIGHTLY TheBanker Awards 2010 iilUIC1 ~amfc!l . NEPAL INVESTMENT BANK LTD. With each award, We thank the true winners. Our Clients, Employees, Stakeholders, Partners & Regulators Winning our 41h Bank of the year award in 7 years could not have been possible without you . We appreciate your commitment and patronage. With this global recognition of our service, performance and strong financial stability, we pledge to strive further to deliver the next level of banking services and contribute to the prosperity of our nation. Tel: 4228229,4242530 www . nib I. com . n p IAUIC1 ~illasciAoc ~.,.,._ "lmfef. NEPAL INVESTMENT BANK LTD. 'Tru[y a :Nepa[i (]3anft SPOTLIGHTFORTNIGHTLY ess than a year after Girija Prasad Koirala departed for good, another stalwart of the oldest and the biggest democratic party, the Nepali Congress, bade adieu. Thousands had poured out on the streets to pay their last homage to Koirala. Krishna Prasad Bhattarai received an equally tearful farewell. For someone who, unlike the late Koirala, had dared to stand against the tide of the times and risk isolation Bhattarai would have been pleasantly surprised to see the waves that stood up to appreciate what he stood for - a principled COVER STORY: Krishna Prasad Bhattarai The Good The Bad And The Bubbly 9 stand and ethical values no matter what. He was certainly not a saint leader. He was an average ordinary man not free from, in his own words, "lacunas and deficiencies." But he was a leader with extraordinary courage and quality and a rare sense of humour. He INDIA'S GROWTH MIRACLE: Time To Act 20 Face to Face: Saru Joshi Shrestha 24 made an unparalleled contribution NEWS NOTES 2 to Nepal and the Nepali politics. ECONOMIC BRIEFS 4 The vacuum he left in the ethical NEWS CLIP 5 and value ~ based politics will be OPIONION: Dipak Gyawali 6 difficult to fill in. But he could have VIEWPOINT: Dr. Tilak Rawal 8 made it much easier had he ARTICLE : Tejsri Thapa 12 refrained from some big blunders BRITISH GURKHAS: Losing Ground 13 as we have mentioned in our cover REAL ESTATE: Hot Potato 14 story. NORTH EAST: Sigh Of Relief 15 INTERNATIONAL WOMEN'S DAY: Economic Key 16 DELHI DIARY: Abijit Sharma 18 Document: Prithvi Bahadur Pande 19 REVIEW 23 ARMED POLICE FORCE: Help At Hand 25 Keshab Poudel FORUM: Dev Raj Dahal 26 Editor PERSPECTIVE : Gautaman Bhaskaran 27 HEALTH: Buddha Basnyat, MD 28 Editor and Publisher: Keshab Poudel, Senior Correspondent: Saroj Dahal, Correspondent: Uma Kanta Khanal, (Jhapa) Abijit Sharma (New Delhi), Reporter: Manish Gautam, Yogesh Gyawali, Nitish Dev Bhattarai Marketing Manager : Madan Raj Poudel, Tel: 9841320517, Nabin Kumar Maharjan Tel: 9841291404, Photographer : Sandesh Manandhar Cover Design/Layout : Han Krishna Bastakoti Editorial Office: Tel: 977-1-4430250 E-mail: [email protected], P.O.Box: 7256 Office: Kamal Pokhari, Thir Bom Marg, House No. 559/144 (Opposite to Himal Hospital) Printers : Pioneer Offset Printers (P.) ltd., Dillibazar, Kathmandu. Ph: 4415687 Kathmandu DAO Regd. No. 148/11/063/64, Postal Regd. No. 36/067/068 US Library of Congress Catalogue No. 91-905060, ISSN: 2091-0711 (Print), ISSN: 2091-0754 (Online) NEW SPOTLIGHT NEWSMAGAZIN~ Mar. 11, 2011[ 1 NEWSNOTE building for the Corporation under .uJ.J.I-Ji:>u Minister Duncan In Nepal Cooperation Visiting UK Minister of State for Nepal-India Economic International Development Alan Duncan Programme. sixteenth development met president Dr. Ram Varan Yadav, This is the being prime minister and other political party project in the Kathmandu District undertaken with the assistance of Govt. leaders. He was in Nepal for a 4 ~ day visit. This was his second visit to Nepal since of India under Small Development he became Minister of State in May 2010. Projects. During his visit, he launched DFID's Operational Plan for Nepal. to tackle the major challenges in the "Politically, these are important peace process and development," said times for Nepal. You have a new Prime Minister. During his visit, he went to Minister, and a fresh opportunity for Jumla and walked to the narrow city to political progress. But movement on the show solidarity to the cause of disaster. peace process is slow and the extended DFID Nepal Head of Office Sarah tenure of the Constituent Assembly is Sanyahumbi said,"Minister of State for fast running out. Meanwhile, International Development Alan development takes a back seat. At this Duncan's second visit to Nepal, in less juncture, I will be taking the opportunity than a year, reflects our close ties with of my visit to encourage political leaders Nepal and the in1portance we attach to Nepal Food Corporation (NFC) is a to finalise a Government and move swiftly its development.' Govt. of Nepal undertaking established about 34 years ago for procurement and Nepal's Fiscal Regime Discussed KOICA Volunteers In Town supply of food in the country. The The Forum of Federations organized Korea International Cooperation Corporation procures food grains and a roundtable discussion on "Key Agency (KOICA) has dispatched seven other agricultural products from farmers Elements of a New Fiscal Regime in new KOICA Volunteers to work in Nepal and supplies it to the remote districts of Federal Nepal" with Dr. Dinesh K. for two years. They arrived in Katmandu Nepal. The Corporation also procures Srivastava, Director of the Madras School on February 28, 2011. food grains imported from other . / of Economics (MSE), and Chennai, India. These new KOICA Volunteers will be countnes. Nepal is undergoing a major assigned in different government offices Carter Center Criticises the Role tran ition toward introducing a system within and outside the Valley and will of democratic and federal governance. share Korea's knowledge in Health, of Youth Groups Fiscal aspects of federalism are keys to Education, Social welfare and The Carter Center observers found that an effective transition process, if handled Environment with the Nepalese people. overall clashes between political party decreased properly. Out of these seven, six will be stationed youth wings appear to have The transition toward fiscal out of the valley and one will be stationed since the first half of 2010. However, many activities of the Maoist~ affiliated Young federalism will have two interlinked in the valley. phases: Phase l will consist of structural Communist League (YCL) and, to a lesser Forces changes dealing with reorganization of extent, the CPN-UML Youth the country into provinces, assignment remain targeted toward financial gain, of resources and responsibilities to the and youth wing activity continues to have different tiers of government, and a negative impact on security in many institutional arrangements for dealing districts. have the with the emerging vertical and horizontal "Political party youth wings Nepal," imbalances. In Phase 2, the design of potential to play a positive role in fi scal transfers, administrative said Dr. David Pattie, Associate Director restructuring, issues of cooperation and of the Carter Center?s Democracy we have coordination among provinces and Program, in a statement. "However, YCLandtheCPN-UML Youth between the centre and the provinces, and Indian Grant For Food Lab found the Force engaged in interference with capacity building will need to be put in A Memorandum of Understanding tender processes, taxation, and other place. (MoU) was signed on March l, 20ll by activities that undermine political space, These findings were presented in an the Embassy of India, Kathmandu, development, and public security.' Analytical report entided "Key Elements Development Committee, District The Carter Center's report also covers of a New Fiscal Regime in Federal Kathmandu and Nepal Food Corporation Maoist compliance with the June 2008 Nepal,"written by Dr. Srivastava following for providing Govt. of India grant agreement to terminate the YCL's his assessment mission to Nepal in assistance of NRs. 4.98 crores for "paramilitary functioning. " August 2010 and subsequent work. construction of Modern Food Laboratory JJ8JJ5!Jt:>l2/&~ ~PP'~~~~~ --=o -- NEWS NOTE EU's Support To SAARC the opening session of the consultative Japanese Aid For Grassroots The European Union (EUR 20 workshop. Projects million) and FAO (EUR 4 million) are Japan Helps Hospital In Butwal The Government of Japan has providing EUR 24 million to set up three The Government of Japan has decided to extend financial assistance diagnostic laboratories, over a period of decided to extend financial assistance totaling US$267,084, equivalent to four years (2009-2013). ~----~--------------------...- -------------, approximately The overall objective of the program NRS19,202,180, to is to contribute to the strengthening and three NGOs to empowerment of the South Asian support their Association for Regional Cooperation projects , (SAAR C) in its ability to prevent, control respectively for and eradicate Highly Pathogenic and upgrading Emerging Diseases (HPED), through medi ca l improved veterinary and public health equipment at services and intersectoral collaboration Siddhi Memorial on a regional basis. Foundation , The SAARC secretariat along with the constructing a veterinary and public health sectors of vocational center countries in the region will be immediate for disabled beneficiaries of the project. people for the "The European Union has set out to Spinal Cord Injury assisttheendeavoursofFAOandSAARC of USD938,298 (Nine Hundred and Association-Nepal, and constructing a toe tablish the diagnostic laboratories Thirty-Eight Thousand, Two Hundred primary school building for Shree J anata o help them fulfil their potentials and and Ninety-Eight US Dollars); Higher Secondary School. This financial thereby set up appropriate corporate equivalent to approximately NRs assistance is extended under the Grant structures to stem animal diseases posing 67,867,094 (Sixty-Seven Million, Eight Assistance for Grassroots Human Security a threat across the borders," Gerard Van Hundred and Sixty-Seven Thousand and Projects (GGP) scheme of the Driessche, head of the finance and Ninety-Four Nepalese Rupees) to Government of Japan in Japan's FY 2010.
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