Terrible Economic Crisis : Will there be a ban on Rs. 500 and Rs.1000 notes?
Kusum Bhattarai, Kathmandu- Nepal is moving towards severe economic crisis along with global economic recession. If the government does not take any concrete steps immediately, then experts in the economic sector have already started pointing towards the danger that Nepal’s situation may be like Sri Lanka. Inflation reached about 12%. To check the figures till November, the revenue collection is negative by 20.7 percent. Due to the financial crisis, high interest rates and lack of cash in banks, businessmen have started committing suicide. On the one hand, the industries are collapsing and the banks are also in crisis as...
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