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Showing posts from May, 2021

COVID-19, economy and policy

       The worldwide uncertainty created by COVID infection is ongoing after it started from wuhan, China. In some country second wave is already started whereas third wave is being experienced by some. Currently second wave of COVID disaster is hitting Indian territory and economy badly. The impact seen in India can be counted automatically in lives and economy of Nepal since both of them share open border policy. The restrictive orders from district offices is being given in Nepal whereas partly lockdown situation seen in India firstly. This is to harm economy less.     International monetary fund anticipated 3.5 % contractionary world economy in 2020 due to pandemic.  Big population of world that is depending on marginal revenue is badly influenced. In 2020 alone 100 million of world population is pushed in absolute poverty, the per capita income of 150 countries will be less than PCIs they had in 2019. This speaks a lot. Many countries th...

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