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			'id' => '1772',
			'article_category_id' => '195',
			'title' => 'Glimpses Of Nepal Leadership Summit',
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			'summary' => null,
			'content' => '<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="Editor-in-Chief &amp; chairman of NBA Madan Lamsal addressing the dignitaries" src="/userfiles/images/1%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 339px;" /></td>
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					<strong>Editor-in-Chief &amp; chairman of NBA Madan Lamsal addressing the dignitaries</strong></div>
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<div>
	&nbsp;</div>
<div>
	<table align="center" width="100">
		<tbody>
			<tr>
				<td>
					<img alt="Former Prime Ministers Sher Bahadur Deuba (right) and Jhalnath Khanal exchanging their views" src="/userfiles/images/2%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 339px;" /></td>
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							<strong>Former Prime Ministers Sher Bahadur Deuba (right) and Jhalnath Khanal</strong></div>
						<div>
							<strong>exchanging their views</strong></div>
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				</td>
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<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="Former PM Madhav Kumar Nepal signing the Birgunj Declaration" src="/userfiles/images/3%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 339px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<strong>Former PM Madhav Kumar Nepal signing the Birgunj Declaration</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="Prachanda (right) shakes hands with Madhav Kumar Nepal" src="/userfiles/images/4%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 336px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
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					<strong>Prachanda (right) shakes hands with Madhav Kumar Nepal</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="BiCCI family during the event" src="/userfiles/images/5%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 335px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<strong>BiCCI family during the event</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="Guests present at the Nepal Leadership Summit" src="/userfiles/images/6%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 335px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<strong>Guests present at the Nepal Leadership Summit</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
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				<img alt="BiCCI president Ashok Baidya" src="/userfiles/images/7%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 691px;" /></td>
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					<strong>BiCCI president Ashok Baidya</strong></div>
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<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
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				<img alt="Maoist leader Dinanath Sharma (second from the right)" src="/userfiles/images/8%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 691px;" /></td>
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		<tr>
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					<strong>Maoist leader Dinanath Sharma&nbsp;</strong><strong>(second from the right)</strong></div>
			</td>
		</tr>
	</tbody>
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			'description' => 'Glimpses of Nepal Leadership Summit',
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			'id' => '1771',
			'article_category_id' => '195',
			'title' => 'Nepal Leadership Summit At A Glance',
			'sub_title' => '',
			'summary' => null,
			'content' => '<h2>
	<strong style="font-size: 12px;"><span style="font-size:14px;">Participants Former PMs</span></strong></h2>
<ul>
	<li>
		&nbsp;Sher Bahadur Deuba&nbsp;</li>
	<li>
		Pushpa Kamal Dahal &lsquo;Prachanda&rsquo;</li>
	<li>
		Madhav Kumar Nepal</li>
	<li>
		Jhala Nath Khanal&nbsp;</li>
	<li>
		Dr Baburam Bhattarai&nbsp;</li>
</ul>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Organizer</span></strong></div>
<div>
	Birgunj Chamber of Commerce and Industries&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Management&nbsp;</span></strong></div>
<div>
	New Business Age Group&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Outcome&nbsp;</span></strong></div>
<div>
	Former PMs singed a 12-point agreement vowing to let private sector lead the country&rsquo;s economic front&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Why Birgunj?</span></strong></div>
<div>
	Because Birgunj is one of the major trade hubs of the country and Birgunj-Pathlaiya corridor has been suffered from political volatile situation. &nbsp;So, it would be better to seek commitment from PMs at the same place.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Major Issues Raised</span></strong></div>
<ul>
	<li>
		Political Instability</li>
	<li>
		&nbsp;Need of economic revolution</li>
	<li>
		&nbsp;Promotion of tourism</li>
	<li>
		Commitment for hydropower&nbsp;</li>
	<li>
		&nbsp;Agriculture focused development&nbsp;</li>
	<li>
		&nbsp;Inclusive growth</li>
</ul>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Feedback&nbsp;</span></strong></div>
<div>
	It is indeed a good initiative that politicians signed a 12-point declaration. But signing is just a beginning. We should regularly put pressure on politicians to stick to their commitment in days ahead. The agreement should be translated into action. We want sincere commitment from former PMs and their respective political parties.&nbsp;</div>
<div style="text-align: right;">
	<strong>- Ashok Baidya</strong></div>
<div style="text-align: right;">
	<strong>President, BiCCI</strong></div>
<div>
	&nbsp;</div>
<div>
	The programme is a very successful event since it was successful to bring politicians from different ideologies into a single platform. Also, it help reenergize discourse of making Birgunj a major industrial hub of the country.&nbsp;</div>
<div style="text-align: right;">
	<strong>- Rabindra Kr Baranwal</strong></div>
<div style="text-align: right;">
	<strong>Secretary, BiCCI</strong></div>
<div>
	&nbsp;</div>
<div>
	The event will have a very positive impact on country&rsquo;s economy. Commitment from top guns of major political parties for the economic development of the country will help boost morale of business community.&nbsp;</div>
<div style="text-align: right;">
	<strong>- Prabesh Pandey, Banker</strong></div>
<div>
	&nbsp;</div>',
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			'id' => '1770',
			'article_category_id' => '195',
			'title' => 'Roadmap Of Economic Revolution: Vision 2080 BS',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="text-align: center;">
	&nbsp;</div>
<div style="text-align: center;">
	<div>
		<span style="font-size:26px;"><strong>Nepal Leadership summit 2013</strong></span></div>
	<div>
		<strong><span style="font-size:14px;">Roadmap of Economic Revolution: Vision 2080 BS</span></strong></div>
	<div>
		<strong><span style="font-size:14px;">Birgunj Declaration </span></strong></div>
	<div>
		<span style="font-size:12px;"><strong>September 5, 2013</strong></span></div>
</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:12px;"><strong>Whereas Nepal has now entered the phase of Democratic Republic as a result of several political agitations and there has been a national consensus that the main agenda of the country should be economic revolution, we former prime ministers of Nepal assembled in this &ldquo;Nepal Leadership Summit&rdquo; organized by Birgunj Chamber of Commerce and Industries (BiCCI) with help from Aarthik Abhiyan Daily, pledge our commitment to following common points: &nbsp;&nbsp;</strong></span></div>
<div>
	&nbsp;</div>
<div>
	1.We commit to give priority to the national economic agenda above our respective party agenda for the protection of overall national interests while making any individual and party level decision.</div>
<div>
	&nbsp;</div>
<div>
	2.We commit to discuss national economic agenda within our respective parties in a democratic manner and through that forge a consensus of all parties in the development of a common economic agenda of the country.</div>
<div>
	&nbsp;</div>
<div>
	3.We are committed to bring to an end the existing uneasy industrial relations and to maintain a peaceful industrial situation for industrial development of the country.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	4.We are committed to bring out new labour policy and industrial policy conducive for overall national interests and industrial development.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	5.We are committed to make Nepal free from the problem of power outage by removing the obstacles faced in the generation and supply of electricity.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	6.We are committed to secure individual property rights of the people.</div>
<div>
	&nbsp;</div>
<div>
	7.We are committed to create an environment conducive for attracting investment by discouraging all the activities that may disturb the investment climate.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	8.We are committed to uplift Nepal from the current status of a Least Developed Country within the coming 10 years by removing the prevalent poverty and inequality and by achieving high economic growth rate. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	9.We are committed to internalize that the private sector has to play the leading role in the economic development. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	10.We are committed to get Birgunj-Pathlaiya corridor officially declared an industrial corridor that fulfils a set of specified standards.</div>
<div>
	&nbsp;</div>
<div>
	11.We are committed to get Birgunj recognised as the economic capital of the country.</div>
<div>
	&nbsp;</div>
<div>
	12.We are committed to transform Birgunj town into Greater Birgunj.</div>',
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			'description' => 'Whereas Nepal has now entered the phase of Democratic Republic as a result of several political agitations and there has been a national consensus that the main agenda of the country should be economic revolution',
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		'Article' => array(
			'id' => '1769',
			'article_category_id' => '195',
			'title' => '‘Green Economy For Economic Development’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<table align="left" border="0" cellpadding="1" cellspacing="1" style="float: left; margin: 0px 10px 10px 0px">
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			<td>
				<img alt="Madhav Kumar Nepal" src="/userfiles/images/mkn.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 195px;" /></td>
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		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<strong>Madhav Kumar Nepal</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	To meet the targets of proposed Economic Revolution Roadmap: Vision 2080, all the concerned parties must be committed. These objectives must be incorporated as economic agenda by all. When everyone is determined for political, economic and social progress, economic revolution is not an unattainable pursuit. But, sustainable economic development is possible only with political stability and rule of law. To establish political stability and rule of law, Constituent Assembly election slated for November 19 must be conducted peacefully. Then the economic development can gain momentum.</div>
<div>
	&nbsp;</div>
<div>
	Our economy is dependent on imports. To lower the high trade deficit, export oriented policies and programmes must be made. Likewise, investment in export oriented industries must be encouraged. For this, internal resources and external opportunities must be well coordinated and productive sectors must be developed.</div>
<div>
	&nbsp;</div>
<div>
	Similarly, employment must be generated through stable and long term investments. For this to happen, government, industrialists and workers must rise above their vested interests and serve the national interest. A favourable environment for running industries and making investments must be created. If these can be ensured, the campaign to achieve economic development and lifting country from the status of least developed to developing country is not overambitious.</div>
<div>
	&nbsp;</div>
<div>
	There must be committed focus on policy stability, power development, investment in employment oriented productive sector and expansion of the service sector. &nbsp;If we want to build new Nepal and make sure all people are prosperous, we must prioritise certain things first. They could be restructuring the society, overhauling the administrative structure, eradicating social discriminations and anomalies and prioritising the development of skilled human resources. Similarly, the physical infrastructure and power development must be prioritised as the water resource is being wasted. These targets are not unachievable but the only need is of the national commitment and positive thinking.</div>
<div>
	&nbsp;</div>
<div>
	Investment must be concentrated on infrastructure development. Whether it is international airport at Nijgadh or fast track road, they are the basis for economic revolution. Development of agriculture, service sector and tourism industry can make Nepal leap towards economic prosperity within a decade. Similarly, green economy must be prioritised. Criminalisation of politics and politicisation of crime must come to an end. End of corruption and good governance must be ensured.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Birgunj-Pathlaiya industrial corridor development with minimum standards must be declared soon. The concept of Greater Birgunj must be implemented and Birgunj should be announced as the financial capital. Sincere implementation of these initiatives can put Nepal in the path to economic revolution.</div>',
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			'description' => 'Investment must be concentrated on infrastructure development.',
			'sortorder' => '1630',
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			'id' => '1768',
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			'title' => '‘Agriculture, Regional Market And Infrastructure Development For Economic Prosperity’',
			'sub_title' => '',
			'summary' => null,
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				<img alt="Jhala Nath Khanal" src="/userfiles/images/jnk.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 238px;" /></td>
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				<div align="center">
					<strong>Jhala Nath Khanal</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	Nepal holds numerous potentials for achieving economic prosperity as the country is bestowed with valuable natural resources. Nepal needs to develop various sectors by setting priorities on them. Nepal must promote tourism based economy and we should not neglect the fact that Nepal is suitable for off-season and all season agriculture.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The country has passed through major political changes from 1950s to 1990s. However, these changes couldn&rsquo;t lay foundation for economic transformation. Therefore, these political changes could not be institutionalised. In 2006 it was a historic change but unfortunately, that too has not been institutionalised yet.</div>
<div>
	&nbsp;</div>
<div>
	The political stability has an important role in establishing democracy, rule of law and optimum utilisation of resources. There are no doubts about the successful completion of upcoming elections on time. Election is a milestone for creating a base for economic development. Every political party must have commitment for polls. And, the upcoming Constituent Assembly election is also a basis for state restructuring.</div>
<div>
	&nbsp;</div>
<div>
	Nepal has to be transformed into a developing country from the present status of least developed country. If all the concerned stakeholders express determination towards this goal, Nepal can be upgraded into a developing country within a decade. The country had to experience major ups and downs during the last 15 years. During that time, a huge investment made an exit from Nepal and many industries were closed. Similarly, many industries were announced sick during that period.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	At present, around 400,000 people enter into the labour market each year. To provide jobs for them, the agriculture must be mechanised, modernised and co-operatised. Economic development cannot happen without development of agriculture. The agriculture sector can be modernised by establishing research centres and increasing investment in addition to other similar programmes. If the agro productivity can be increased, Nepal can achieve economic prosperity within a short time.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal is a country with more than 30 million population. If China in the north and South Asia are considered, the population accounts to almost half of the global population. thus there is a huge market for us next door. We do not have to look at Europe, USA or Australia in search of market. If we can tap this market by enhancing our capacity to produce products with competitive advantage in these markets, we can progress towards prosperity within a short time.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nestled between India and China, Nepal must devise its economic strategies, policies and programmes to explore the benefits of this unique geographical position. Similarly, we must revise our economic diplomacy. Development of physical infrastructure is another integral part of achieving economic development. Physical infrastructures such as mid-hill highway, international airport at Nijgadh and north-south highways to connect China and India must be given prime importance. Similarly, social infrastructures such as hospitals and universities too must be taken into high consideration. With these infrastructures, we can push the country towards development and prosperity.</div>',
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			'title' => '‘Foreign Investment Required’',
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				<img alt="Dr Baburam Bhattarai" src="/userfiles/images/bb.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 226px;" /></td>
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			<td bgcolor="#FFFFFF">
				<div align="center">
					<strong>Dr Baburam Bhattarai</strong></div>
			</td>
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<div>
	We have spent a long time focusing on the political revolution and now we need to shift the focus to the economic side. But all we have to understand the interrelation between political and economical revolution. In order to have economic development, we have to trace out our shortcomings - what are our strengths and what are the hindrances to economic development?</div>
<div>
	&nbsp;</div>
<div>
	One of our major problems is absolute poverty and absolute backwardness, which is the basic weakness in our economic development, and which has led the country to a sluggish pace of development of not more the 2 per cent average growth in 50 years. There has not been much change in the real income level of the people, and this small economic growth is wiped away by the constant population growth.</div>
<div>
	&nbsp;</div>
<div>
	Therefore, we need a vision to see where we will be in the upcoming 10 years. For that, we have to bring in foreign investment and utilize our domestic resources to stimulate economic development</div>
<div>
	&nbsp;</div>
<div>
	During our government, we had focused on taking growth to a double digit rate. For ten per cent growth rate 40 per cent of the GDP has to be invested. As the GDP being NRs 1700billion we have to invest 700bilion per year. One of the basic sources for it is internal tax revenue - which approximately generates NRs. 300bn out of which NRs. 150bn can be invested fordevelopment - the other source is remittance which is approximately &nbsp;NRs 600bn out of which if we invest NRs 200bn, we can still arrange another 200-300 billion form other internal sources. we should be able to bring in another 200 billion from foreign investment.</div>
<div>
	&nbsp;</div>
<div>
	Therefore, it is important to mobilize the national capital as well as foreign investment in order to reach the economic growth of double digit. And if we follow this economic strategy and invest in basic economic infrastructure like electricity, road, airports and social infrastructure like education and health, not only will we witness growth in GDP but also growth in per capita income from USD750 to USD3000. In order to achieve this growth, there also has to be a political commitment, consensus and most importantly, a stable government for five years to govern the country - whether it is the nepali Congress, the UML or the unified CPN Maoist or any other party. As far as the UCPN (M) is concerned, it is totally committed towards inclusive development to reduce economic and social disparities.</div>
<div>
	&nbsp;</div>
<div>
	Secondly, we have to maintain a stable policy with the two rapidly developing neighbouring countries India and China. We have to turn into an investment pool for these countries in order to stimulate our development.</div>
<div>
	&nbsp;</div>
<div>
	Lastly, we have to eradicate political and institutional corruption and until we eradicate this, there will always be hindrances in development and investment. In order to mitigate this problem, we have to be transparent. Forceful donation has to stop and the system should be able to bring some budget to the political parties which will give rise to a transparent political party system.</div>
<div>
	&nbsp;</div>',
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			'description' => 'One of our major problems is absolute poverty and backwardness, which is the basic weakness in our economic development',
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		'Article' => array(
			'id' => '1766',
			'article_category_id' => '195',
			'title' => '‘Time For Economic Revolution’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<table align="left" border="0" cellpadding="1" cellspacing="1" style="float: left; margin: 0px 10px 10px 0px">
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			<td>
				<img alt="Pushpa Kamal Dahal ‘Prachanda’" src="/userfiles/images/pkd.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 212px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<strong>Pushpa Kamal Dahal &lsquo;Prachanda&rsquo;</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	Until the political goals are not achieved, economic activities will remain eclipsed during the process. We had to spend many years for the political transformation, which was required. But now, it is high time that we move towards economic revolution.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	We made some attempts to drive the country towards an economic revolution when we led the first government of the democratic republic of Nepal. Despite our ambitious plans for economic growth in the country, we did not get the opportunity because unfortunately, we had to quit the government in nine months.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The general convention of our party was held recently in Hetauda from where we made an official declaration that we should now adopt the economic agenda of production, distribution and development. We believe that only the party which employs its entire strength for economic development can lead the country to prosprity.</div>
<div>
	&nbsp;</div>
<div>
	Nineteen years ago in a convention, we had said that the political revolution has not been completed yet and that it needed the abolishment of feudalism and the feudal system.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In order to propel the country towards economic revolution, we are now in a historically distinct situation to institutionalize the political transformation. Despite many ups and downs, now political consensus among major parties is being forged for the economic development&nbsp;</div>
<div>
	of the nation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	We want to focus on economic development at this point. Agriculture should be the foremost basis of economic development of our country. Along with the increase of agro products, we should emphasize on industrialization based on agriculture.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Commercialisation of agriculture and industrialization based on agriculture should be our top priority. Similarly, we should make hydropower and tourism the leading sectors for economic development.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The vision of a double-digit economic growth rate and revolutionary economic development for 10 years is possible.</div>
<div>
	&nbsp;</div>
<div>
	After our party officially declared in the Hetauda general convention that we should all employ our strengths for the development of infrastructure, production and economy, I fortunately got the opportunity to visit our neighbouring countries China and India.</div>
<div>
	&nbsp;</div>
<div>
	While talking with the Chinese and Indian governments, they repeatedly told me that they were ready for the support needed for Nepal&rsquo;s economic development after the elections are held and political stability is restored.</div>
<div>
	&nbsp;</div>
<div>
	This is the reality of Nepal. This is the requirement of the nation. We need an economic revolution. However, the need for political stability is also equally important. We are heading towards the election for which we are forging a suitable environment. We should take the election as a solid basis for the economic revolution of&nbsp;</div>
<div>
	the country.</div>',
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			'article_category_id' => '195',
			'title' => 'Power Supply: Pre-condition For Economic Development',
			'sub_title' => '',
			'summary' => null,
			'content' => '<table align="left" border="0" cellpadding="1" cellspacing="1" style="float: left; margin: 0px 10px 10px 0px" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="Sher Bahadur Deuba" src="/userfiles/images/sbd(1).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 222px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<strong>Sher Bahadur Deuba</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	After the Nepali Congress government was formed following the success of the People&rsquo;s Movement in 1990, the financial economic situation of the government did not allow us to increase the salary of the government employees. The democratically elected government was not able to take economic reform measures. Even in that situation, we had managed to take some initiatives on basic sectors like drinking water and health services.</div>
<div>
	&nbsp;</div>
<div>
	Our priorities were to build high schools, health posts and drinking water facilities in each Village Developing Committee (VDC). We had privatized various factories owned by the government and still we hold the view that industries should be run by industrialists and businessmen while the government should focus on other things. The government should build the infrastructure where it is needed.</div>
<div>
	&nbsp;</div>
<div>
	Economic liberalization in the country happened after 1990. As a result, the economic growth was reached to eight percent. However, violence was launched when the economy was gradually reviving. We also had to face interventions from the then King. We have not been able to completely recover from the impact of the war.</div>
<div>
	&nbsp;</div>
<div>
	The Rana oligarchy was overthrown in Nepal a few years after India got independence from British rule. India went ahead with a system and is now going to be a powerful democratic country. However, we have not been able to come up with a constitution as yet. Drafting the constitution of the federal democratic republic is now urgently needed.</div>
<div>
	&nbsp;</div>
<div>
	Last year, we failed to draft the constitution and we all, including me and my party, are responsible for this failure. We will now draft the constitution at any cost by holding the Constituent Assembly polls, and by rectifying our mistakes.</div>
<div>
	&nbsp;</div>
<div>
	There should be an investment climate for the industrialization of the country. Energy is a pre-condition for investment and the establishment of factories. Our factories are reeling under a power &nbsp;shortage. Labour unrest has become a perennial problem. How can there will be an economic growth, when there are so many hindrances? Nepal has a huge trade deficit with India. An Indian minister has even agreed to provide duty free access to India for various Nepali products. However, we could not capitalise as long we afford such trade deficit?</div>
<div>
	&nbsp;</div>
<div>
	You can bring investment here in Nepal with partnership with Indian businessmen. This would help mitigate trade deficit in Nepal. Once the elections are held, a better environment would be forged for investment.</div>
<div>
	&nbsp;</div>
<div>
	I want to put forth a proposal to end the power crisis. You all have a captive power generator in your factories.if you pool all your resources, a big power plant could be installed. The government &nbsp;should give some incentives for such initiatives. We have immense possibilities of harnessing hydro-electricity and we can talk with India to bring in investment for hydro-electricity projects. Unlike a political revolution, an economic revolution takes time. There should be a clear investment policy in the country. Nepal could be a rich country within 5-10 years by selling electricity to neighbouring countries if we bring big investment here. Similarly, we have many sectors like tourism, agriculture, and herbal products through which we can develop&nbsp;</div>
<div>
	the country.</div>',
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			'id' => '1772',
			'article_category_id' => '195',
			'title' => 'Glimpses Of Nepal Leadership Summit',
			'sub_title' => '',
			'summary' => null,
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	<tbody>
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				<img alt="Editor-in-Chief &amp; chairman of NBA Madan Lamsal addressing the dignitaries" src="/userfiles/images/1%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 339px;" /></td>
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					<strong>Editor-in-Chief &amp; chairman of NBA Madan Lamsal addressing the dignitaries</strong></div>
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<div>
	&nbsp;</div>
<div>
	<table align="center" width="100">
		<tbody>
			<tr>
				<td>
					<img alt="Former Prime Ministers Sher Bahadur Deuba (right) and Jhalnath Khanal exchanging their views" src="/userfiles/images/2%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 339px;" /></td>
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						<div>
							<strong>Former Prime Ministers Sher Bahadur Deuba (right) and Jhalnath Khanal</strong></div>
						<div>
							<strong>exchanging their views</strong></div>
					</div>
				</td>
			</tr>
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</div>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
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				<img alt="Former PM Madhav Kumar Nepal signing the Birgunj Declaration" src="/userfiles/images/3%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 339px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<strong>Former PM Madhav Kumar Nepal signing the Birgunj Declaration</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="Prachanda (right) shakes hands with Madhav Kumar Nepal" src="/userfiles/images/4%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 336px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<strong>Prachanda (right) shakes hands with Madhav Kumar Nepal</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="BiCCI family during the event" src="/userfiles/images/5%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 335px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<strong>BiCCI family during the event</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="Guests present at the Nepal Leadership Summit" src="/userfiles/images/6%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 335px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<strong>Guests present at the Nepal Leadership Summit</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="BiCCI president Ashok Baidya" src="/userfiles/images/7%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 691px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<strong>BiCCI president Ashok Baidya</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="Maoist leader Dinanath Sharma (second from the right)" src="/userfiles/images/8%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 691px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<strong>Maoist leader Dinanath Sharma&nbsp;</strong><strong>(second from the right)</strong></div>
			</td>
		</tr>
	</tbody>
</table>',
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			'description' => 'Glimpses of Nepal Leadership Summit',
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			'id' => '1771',
			'article_category_id' => '195',
			'title' => 'Nepal Leadership Summit At A Glance',
			'sub_title' => '',
			'summary' => null,
			'content' => '<h2>
	<strong style="font-size: 12px;"><span style="font-size:14px;">Participants Former PMs</span></strong></h2>
<ul>
	<li>
		&nbsp;Sher Bahadur Deuba&nbsp;</li>
	<li>
		Pushpa Kamal Dahal &lsquo;Prachanda&rsquo;</li>
	<li>
		Madhav Kumar Nepal</li>
	<li>
		Jhala Nath Khanal&nbsp;</li>
	<li>
		Dr Baburam Bhattarai&nbsp;</li>
</ul>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Organizer</span></strong></div>
<div>
	Birgunj Chamber of Commerce and Industries&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Management&nbsp;</span></strong></div>
<div>
	New Business Age Group&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Outcome&nbsp;</span></strong></div>
<div>
	Former PMs singed a 12-point agreement vowing to let private sector lead the country&rsquo;s economic front&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Why Birgunj?</span></strong></div>
<div>
	Because Birgunj is one of the major trade hubs of the country and Birgunj-Pathlaiya corridor has been suffered from political volatile situation. &nbsp;So, it would be better to seek commitment from PMs at the same place.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Major Issues Raised</span></strong></div>
<ul>
	<li>
		Political Instability</li>
	<li>
		&nbsp;Need of economic revolution</li>
	<li>
		&nbsp;Promotion of tourism</li>
	<li>
		Commitment for hydropower&nbsp;</li>
	<li>
		&nbsp;Agriculture focused development&nbsp;</li>
	<li>
		&nbsp;Inclusive growth</li>
</ul>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Feedback&nbsp;</span></strong></div>
<div>
	It is indeed a good initiative that politicians signed a 12-point declaration. But signing is just a beginning. We should regularly put pressure on politicians to stick to their commitment in days ahead. The agreement should be translated into action. We want sincere commitment from former PMs and their respective political parties.&nbsp;</div>
<div style="text-align: right;">
	<strong>- Ashok Baidya</strong></div>
<div style="text-align: right;">
	<strong>President, BiCCI</strong></div>
<div>
	&nbsp;</div>
<div>
	The programme is a very successful event since it was successful to bring politicians from different ideologies into a single platform. Also, it help reenergize discourse of making Birgunj a major industrial hub of the country.&nbsp;</div>
<div style="text-align: right;">
	<strong>- Rabindra Kr Baranwal</strong></div>
<div style="text-align: right;">
	<strong>Secretary, BiCCI</strong></div>
<div>
	&nbsp;</div>
<div>
	The event will have a very positive impact on country&rsquo;s economy. Commitment from top guns of major political parties for the economic development of the country will help boost morale of business community.&nbsp;</div>
<div style="text-align: right;">
	<strong>- Prabesh Pandey, Banker</strong></div>
<div>
	&nbsp;</div>',
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		'Article' => array(
			'id' => '1770',
			'article_category_id' => '195',
			'title' => 'Roadmap Of Economic Revolution: Vision 2080 BS',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="text-align: center;">
	&nbsp;</div>
<div style="text-align: center;">
	<div>
		<span style="font-size:26px;"><strong>Nepal Leadership summit 2013</strong></span></div>
	<div>
		<strong><span style="font-size:14px;">Roadmap of Economic Revolution: Vision 2080 BS</span></strong></div>
	<div>
		<strong><span style="font-size:14px;">Birgunj Declaration </span></strong></div>
	<div>
		<span style="font-size:12px;"><strong>September 5, 2013</strong></span></div>
</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:12px;"><strong>Whereas Nepal has now entered the phase of Democratic Republic as a result of several political agitations and there has been a national consensus that the main agenda of the country should be economic revolution, we former prime ministers of Nepal assembled in this &ldquo;Nepal Leadership Summit&rdquo; organized by Birgunj Chamber of Commerce and Industries (BiCCI) with help from Aarthik Abhiyan Daily, pledge our commitment to following common points: &nbsp;&nbsp;</strong></span></div>
<div>
	&nbsp;</div>
<div>
	1.We commit to give priority to the national economic agenda above our respective party agenda for the protection of overall national interests while making any individual and party level decision.</div>
<div>
	&nbsp;</div>
<div>
	2.We commit to discuss national economic agenda within our respective parties in a democratic manner and through that forge a consensus of all parties in the development of a common economic agenda of the country.</div>
<div>
	&nbsp;</div>
<div>
	3.We are committed to bring to an end the existing uneasy industrial relations and to maintain a peaceful industrial situation for industrial development of the country.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	4.We are committed to bring out new labour policy and industrial policy conducive for overall national interests and industrial development.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	5.We are committed to make Nepal free from the problem of power outage by removing the obstacles faced in the generation and supply of electricity.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	6.We are committed to secure individual property rights of the people.</div>
<div>
	&nbsp;</div>
<div>
	7.We are committed to create an environment conducive for attracting investment by discouraging all the activities that may disturb the investment climate.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	8.We are committed to uplift Nepal from the current status of a Least Developed Country within the coming 10 years by removing the prevalent poverty and inequality and by achieving high economic growth rate. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	9.We are committed to internalize that the private sector has to play the leading role in the economic development. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	10.We are committed to get Birgunj-Pathlaiya corridor officially declared an industrial corridor that fulfils a set of specified standards.</div>
<div>
	&nbsp;</div>
<div>
	11.We are committed to get Birgunj recognised as the economic capital of the country.</div>
<div>
	&nbsp;</div>
<div>
	12.We are committed to transform Birgunj town into Greater Birgunj.</div>',
			'published' => true,
			'created' => '2013-09-09',
			'modified' => '2013-09-09',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Whereas Nepal has now entered the phase of Democratic Republic as a result of several political agitations and there has been a national consensus that the main agenda of the country should be economic revolution',
			'sortorder' => '1631',
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	(int) 3 => array(
		'Article' => array(
			'id' => '1769',
			'article_category_id' => '195',
			'title' => '‘Green Economy For Economic Development’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<table align="left" border="0" cellpadding="1" cellspacing="1" style="float: left; margin: 0px 10px 10px 0px">
	<tbody>
		<tr>
			<td>
				<img alt="Madhav Kumar Nepal" src="/userfiles/images/mkn.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 195px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<strong>Madhav Kumar Nepal</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	To meet the targets of proposed Economic Revolution Roadmap: Vision 2080, all the concerned parties must be committed. These objectives must be incorporated as economic agenda by all. When everyone is determined for political, economic and social progress, economic revolution is not an unattainable pursuit. But, sustainable economic development is possible only with political stability and rule of law. To establish political stability and rule of law, Constituent Assembly election slated for November 19 must be conducted peacefully. Then the economic development can gain momentum.</div>
<div>
	&nbsp;</div>
<div>
	Our economy is dependent on imports. To lower the high trade deficit, export oriented policies and programmes must be made. Likewise, investment in export oriented industries must be encouraged. For this, internal resources and external opportunities must be well coordinated and productive sectors must be developed.</div>
<div>
	&nbsp;</div>
<div>
	Similarly, employment must be generated through stable and long term investments. For this to happen, government, industrialists and workers must rise above their vested interests and serve the national interest. A favourable environment for running industries and making investments must be created. If these can be ensured, the campaign to achieve economic development and lifting country from the status of least developed to developing country is not overambitious.</div>
<div>
	&nbsp;</div>
<div>
	There must be committed focus on policy stability, power development, investment in employment oriented productive sector and expansion of the service sector. &nbsp;If we want to build new Nepal and make sure all people are prosperous, we must prioritise certain things first. They could be restructuring the society, overhauling the administrative structure, eradicating social discriminations and anomalies and prioritising the development of skilled human resources. Similarly, the physical infrastructure and power development must be prioritised as the water resource is being wasted. These targets are not unachievable but the only need is of the national commitment and positive thinking.</div>
<div>
	&nbsp;</div>
<div>
	Investment must be concentrated on infrastructure development. Whether it is international airport at Nijgadh or fast track road, they are the basis for economic revolution. Development of agriculture, service sector and tourism industry can make Nepal leap towards economic prosperity within a decade. Similarly, green economy must be prioritised. Criminalisation of politics and politicisation of crime must come to an end. End of corruption and good governance must be ensured.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Birgunj-Pathlaiya industrial corridor development with minimum standards must be declared soon. The concept of Greater Birgunj must be implemented and Birgunj should be announced as the financial capital. Sincere implementation of these initiatives can put Nepal in the path to economic revolution.</div>',
			'published' => true,
			'created' => '2013-09-09',
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			'description' => 'Investment must be concentrated on infrastructure development.',
			'sortorder' => '1630',
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		'Article' => array(
			'id' => '1768',
			'article_category_id' => '195',
			'title' => '‘Agriculture, Regional Market And Infrastructure Development For Economic Prosperity’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<table align="left" border="0" cellpadding="1" cellspacing="1" style="float: left; margin: 0px 10px 10px 0px">
	<tbody>
		<tr>
			<td>
				<img alt="Jhala Nath Khanal" src="/userfiles/images/jnk.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 238px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<strong>Jhala Nath Khanal</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	Nepal holds numerous potentials for achieving economic prosperity as the country is bestowed with valuable natural resources. Nepal needs to develop various sectors by setting priorities on them. Nepal must promote tourism based economy and we should not neglect the fact that Nepal is suitable for off-season and all season agriculture.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The country has passed through major political changes from 1950s to 1990s. However, these changes couldn&rsquo;t lay foundation for economic transformation. Therefore, these political changes could not be institutionalised. In 2006 it was a historic change but unfortunately, that too has not been institutionalised yet.</div>
<div>
	&nbsp;</div>
<div>
	The political stability has an important role in establishing democracy, rule of law and optimum utilisation of resources. There are no doubts about the successful completion of upcoming elections on time. Election is a milestone for creating a base for economic development. Every political party must have commitment for polls. And, the upcoming Constituent Assembly election is also a basis for state restructuring.</div>
<div>
	&nbsp;</div>
<div>
	Nepal has to be transformed into a developing country from the present status of least developed country. If all the concerned stakeholders express determination towards this goal, Nepal can be upgraded into a developing country within a decade. The country had to experience major ups and downs during the last 15 years. During that time, a huge investment made an exit from Nepal and many industries were closed. Similarly, many industries were announced sick during that period.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	At present, around 400,000 people enter into the labour market each year. To provide jobs for them, the agriculture must be mechanised, modernised and co-operatised. Economic development cannot happen without development of agriculture. The agriculture sector can be modernised by establishing research centres and increasing investment in addition to other similar programmes. If the agro productivity can be increased, Nepal can achieve economic prosperity within a short time.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal is a country with more than 30 million population. If China in the north and South Asia are considered, the population accounts to almost half of the global population. thus there is a huge market for us next door. We do not have to look at Europe, USA or Australia in search of market. If we can tap this market by enhancing our capacity to produce products with competitive advantage in these markets, we can progress towards prosperity within a short time.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nestled between India and China, Nepal must devise its economic strategies, policies and programmes to explore the benefits of this unique geographical position. Similarly, we must revise our economic diplomacy. Development of physical infrastructure is another integral part of achieving economic development. Physical infrastructures such as mid-hill highway, international airport at Nijgadh and north-south highways to connect China and India must be given prime importance. Similarly, social infrastructures such as hospitals and universities too must be taken into high consideration. With these infrastructures, we can push the country towards development and prosperity.</div>',
			'published' => true,
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			'description' => 'The agriculture sector can be modernised by establishing research centres and increasing investment among other similar programmes.',
			'sortorder' => '1629',
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			'title' => '‘Foreign Investment Required’',
			'sub_title' => '',
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			<td>
				<img alt="Dr Baburam Bhattarai" src="/userfiles/images/bb.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 226px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<strong>Dr Baburam Bhattarai</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	We have spent a long time focusing on the political revolution and now we need to shift the focus to the economic side. But all we have to understand the interrelation between political and economical revolution. In order to have economic development, we have to trace out our shortcomings - what are our strengths and what are the hindrances to economic development?</div>
<div>
	&nbsp;</div>
<div>
	One of our major problems is absolute poverty and absolute backwardness, which is the basic weakness in our economic development, and which has led the country to a sluggish pace of development of not more the 2 per cent average growth in 50 years. There has not been much change in the real income level of the people, and this small economic growth is wiped away by the constant population growth.</div>
<div>
	&nbsp;</div>
<div>
	Therefore, we need a vision to see where we will be in the upcoming 10 years. For that, we have to bring in foreign investment and utilize our domestic resources to stimulate economic development</div>
<div>
	&nbsp;</div>
<div>
	During our government, we had focused on taking growth to a double digit rate. For ten per cent growth rate 40 per cent of the GDP has to be invested. As the GDP being NRs 1700billion we have to invest 700bilion per year. One of the basic sources for it is internal tax revenue - which approximately generates NRs. 300bn out of which NRs. 150bn can be invested fordevelopment - the other source is remittance which is approximately &nbsp;NRs 600bn out of which if we invest NRs 200bn, we can still arrange another 200-300 billion form other internal sources. we should be able to bring in another 200 billion from foreign investment.</div>
<div>
	&nbsp;</div>
<div>
	Therefore, it is important to mobilize the national capital as well as foreign investment in order to reach the economic growth of double digit. And if we follow this economic strategy and invest in basic economic infrastructure like electricity, road, airports and social infrastructure like education and health, not only will we witness growth in GDP but also growth in per capita income from USD750 to USD3000. In order to achieve this growth, there also has to be a political commitment, consensus and most importantly, a stable government for five years to govern the country - whether it is the nepali Congress, the UML or the unified CPN Maoist or any other party. As far as the UCPN (M) is concerned, it is totally committed towards inclusive development to reduce economic and social disparities.</div>
<div>
	&nbsp;</div>
<div>
	Secondly, we have to maintain a stable policy with the two rapidly developing neighbouring countries India and China. We have to turn into an investment pool for these countries in order to stimulate our development.</div>
<div>
	&nbsp;</div>
<div>
	Lastly, we have to eradicate political and institutional corruption and until we eradicate this, there will always be hindrances in development and investment. In order to mitigate this problem, we have to be transparent. Forceful donation has to stop and the system should be able to bring some budget to the political parties which will give rise to a transparent political party system.</div>
<div>
	&nbsp;</div>',
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			'created' => '2013-09-09',
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			'description' => 'One of our major problems is absolute poverty and backwardness, which is the basic weakness in our economic development',
			'sortorder' => '1628',
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			'id' => '1766',
			'article_category_id' => '195',
			'title' => '‘Time For Economic Revolution’',
			'sub_title' => '',
			'summary' => null,
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			<td>
				<img alt="Pushpa Kamal Dahal ‘Prachanda’" src="/userfiles/images/pkd.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 212px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<strong>Pushpa Kamal Dahal &lsquo;Prachanda&rsquo;</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	Until the political goals are not achieved, economic activities will remain eclipsed during the process. We had to spend many years for the political transformation, which was required. But now, it is high time that we move towards economic revolution.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	We made some attempts to drive the country towards an economic revolution when we led the first government of the democratic republic of Nepal. Despite our ambitious plans for economic growth in the country, we did not get the opportunity because unfortunately, we had to quit the government in nine months.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The general convention of our party was held recently in Hetauda from where we made an official declaration that we should now adopt the economic agenda of production, distribution and development. We believe that only the party which employs its entire strength for economic development can lead the country to prosprity.</div>
<div>
	&nbsp;</div>
<div>
	Nineteen years ago in a convention, we had said that the political revolution has not been completed yet and that it needed the abolishment of feudalism and the feudal system.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In order to propel the country towards economic revolution, we are now in a historically distinct situation to institutionalize the political transformation. Despite many ups and downs, now political consensus among major parties is being forged for the economic development&nbsp;</div>
<div>
	of the nation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	We want to focus on economic development at this point. Agriculture should be the foremost basis of economic development of our country. Along with the increase of agro products, we should emphasize on industrialization based on agriculture.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Commercialisation of agriculture and industrialization based on agriculture should be our top priority. Similarly, we should make hydropower and tourism the leading sectors for economic development.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The vision of a double-digit economic growth rate and revolutionary economic development for 10 years is possible.</div>
<div>
	&nbsp;</div>
<div>
	After our party officially declared in the Hetauda general convention that we should all employ our strengths for the development of infrastructure, production and economy, I fortunately got the opportunity to visit our neighbouring countries China and India.</div>
<div>
	&nbsp;</div>
<div>
	While talking with the Chinese and Indian governments, they repeatedly told me that they were ready for the support needed for Nepal&rsquo;s economic development after the elections are held and political stability is restored.</div>
<div>
	&nbsp;</div>
<div>
	This is the reality of Nepal. This is the requirement of the nation. We need an economic revolution. However, the need for political stability is also equally important. We are heading towards the election for which we are forging a suitable environment. We should take the election as a solid basis for the economic revolution of&nbsp;</div>
<div>
	the country.</div>',
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			'created' => '2013-09-09',
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			'description' => 'In order to propel the country towards economic revolution, we are now in a historically distinct situation to institutionalize the political transformation.',
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				<img alt="Sher Bahadur Deuba" src="/userfiles/images/sbd(1).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 222px;" /></td>
		</tr>
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			<td bgcolor="#FFFFFF">
				<div align="center">
					<strong>Sher Bahadur Deuba</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	After the Nepali Congress government was formed following the success of the People&rsquo;s Movement in 1990, the financial economic situation of the government did not allow us to increase the salary of the government employees. The democratically elected government was not able to take economic reform measures. Even in that situation, we had managed to take some initiatives on basic sectors like drinking water and health services.</div>
<div>
	&nbsp;</div>
<div>
	Our priorities were to build high schools, health posts and drinking water facilities in each Village Developing Committee (VDC). We had privatized various factories owned by the government and still we hold the view that industries should be run by industrialists and businessmen while the government should focus on other things. The government should build the infrastructure where it is needed.</div>
<div>
	&nbsp;</div>
<div>
	Economic liberalization in the country happened after 1990. As a result, the economic growth was reached to eight percent. However, violence was launched when the economy was gradually reviving. We also had to face interventions from the then King. We have not been able to completely recover from the impact of the war.</div>
<div>
	&nbsp;</div>
<div>
	The Rana oligarchy was overthrown in Nepal a few years after India got independence from British rule. India went ahead with a system and is now going to be a powerful democratic country. However, we have not been able to come up with a constitution as yet. Drafting the constitution of the federal democratic republic is now urgently needed.</div>
<div>
	&nbsp;</div>
<div>
	Last year, we failed to draft the constitution and we all, including me and my party, are responsible for this failure. We will now draft the constitution at any cost by holding the Constituent Assembly polls, and by rectifying our mistakes.</div>
<div>
	&nbsp;</div>
<div>
	There should be an investment climate for the industrialization of the country. Energy is a pre-condition for investment and the establishment of factories. Our factories are reeling under a power &nbsp;shortage. Labour unrest has become a perennial problem. How can there will be an economic growth, when there are so many hindrances? Nepal has a huge trade deficit with India. An Indian minister has even agreed to provide duty free access to India for various Nepali products. However, we could not capitalise as long we afford such trade deficit?</div>
<div>
	&nbsp;</div>
<div>
	You can bring investment here in Nepal with partnership with Indian businessmen. This would help mitigate trade deficit in Nepal. Once the elections are held, a better environment would be forged for investment.</div>
<div>
	&nbsp;</div>
<div>
	I want to put forth a proposal to end the power crisis. You all have a captive power generator in your factories.if you pool all your resources, a big power plant could be installed. The government &nbsp;should give some incentives for such initiatives. We have immense possibilities of harnessing hydro-electricity and we can talk with India to bring in investment for hydro-electricity projects. Unlike a political revolution, an economic revolution takes time. There should be a clear investment policy in the country. Nepal could be a rich country within 5-10 years by selling electricity to neighbouring countries if we bring big investment here. Similarly, we have many sectors like tourism, agriculture, and herbal products through which we can develop&nbsp;</div>
<div>
	the country.</div>',
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			'created' => '2013-09-09',
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			'description' => 'There should be an investment climate for the industrialization of the country. Energy is a precondition for investment and the establishment of factories.',
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			<td>
				<img alt="Editor-in-Chief &amp; chairman of NBA Madan Lamsal addressing the dignitaries" src="/userfiles/images/1%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 339px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<strong>Editor-in-Chief &amp; chairman of NBA Madan Lamsal addressing the dignitaries</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<div>
	<table align="center" width="100">
		<tbody>
			<tr>
				<td>
					<img alt="Former Prime Ministers Sher Bahadur Deuba (right) and Jhalnath Khanal exchanging their views" src="/userfiles/images/2%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 339px;" /></td>
			</tr>
			<tr>
				<td bgcolor="#DDDDDD">
					<div align="center">
						<div>
							<strong>Former Prime Ministers Sher Bahadur Deuba (right) and Jhalnath Khanal</strong></div>
						<div>
							<strong>exchanging their views</strong></div>
					</div>
				</td>
			</tr>
		</tbody>
	</table>
</div>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="Former PM Madhav Kumar Nepal signing the Birgunj Declaration" src="/userfiles/images/3%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 339px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<strong>Former PM Madhav Kumar Nepal signing the Birgunj Declaration</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="Prachanda (right) shakes hands with Madhav Kumar Nepal" src="/userfiles/images/4%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 336px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<strong>Prachanda (right) shakes hands with Madhav Kumar Nepal</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="BiCCI family during the event" src="/userfiles/images/5%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 335px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<strong>BiCCI family during the event</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="Guests present at the Nepal Leadership Summit" src="/userfiles/images/6%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 335px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<strong>Guests present at the Nepal Leadership Summit</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="BiCCI president Ashok Baidya" src="/userfiles/images/7%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 691px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<strong>BiCCI president Ashok Baidya</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="Maoist leader Dinanath Sharma (second from the right)" src="/userfiles/images/8%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 691px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<strong>Maoist leader Dinanath Sharma&nbsp;</strong><strong>(second from the right)</strong></div>
			</td>
		</tr>
	</tbody>
</table>',
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			'description' => 'Glimpses of Nepal Leadership Summit',
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	(int) 1 => array(
		'Article' => array(
			'id' => '1771',
			'article_category_id' => '195',
			'title' => 'Nepal Leadership Summit At A Glance',
			'sub_title' => '',
			'summary' => null,
			'content' => '<h2>
	<strong style="font-size: 12px;"><span style="font-size:14px;">Participants Former PMs</span></strong></h2>
<ul>
	<li>
		&nbsp;Sher Bahadur Deuba&nbsp;</li>
	<li>
		Pushpa Kamal Dahal &lsquo;Prachanda&rsquo;</li>
	<li>
		Madhav Kumar Nepal</li>
	<li>
		Jhala Nath Khanal&nbsp;</li>
	<li>
		Dr Baburam Bhattarai&nbsp;</li>
</ul>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Organizer</span></strong></div>
<div>
	Birgunj Chamber of Commerce and Industries&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Management&nbsp;</span></strong></div>
<div>
	New Business Age Group&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Outcome&nbsp;</span></strong></div>
<div>
	Former PMs singed a 12-point agreement vowing to let private sector lead the country&rsquo;s economic front&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Why Birgunj?</span></strong></div>
<div>
	Because Birgunj is one of the major trade hubs of the country and Birgunj-Pathlaiya corridor has been suffered from political volatile situation. &nbsp;So, it would be better to seek commitment from PMs at the same place.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Major Issues Raised</span></strong></div>
<ul>
	<li>
		Political Instability</li>
	<li>
		&nbsp;Need of economic revolution</li>
	<li>
		&nbsp;Promotion of tourism</li>
	<li>
		Commitment for hydropower&nbsp;</li>
	<li>
		&nbsp;Agriculture focused development&nbsp;</li>
	<li>
		&nbsp;Inclusive growth</li>
</ul>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Feedback&nbsp;</span></strong></div>
<div>
	It is indeed a good initiative that politicians signed a 12-point declaration. But signing is just a beginning. We should regularly put pressure on politicians to stick to their commitment in days ahead. The agreement should be translated into action. We want sincere commitment from former PMs and their respective political parties.&nbsp;</div>
<div style="text-align: right;">
	<strong>- Ashok Baidya</strong></div>
<div style="text-align: right;">
	<strong>President, BiCCI</strong></div>
<div>
	&nbsp;</div>
<div>
	The programme is a very successful event since it was successful to bring politicians from different ideologies into a single platform. Also, it help reenergize discourse of making Birgunj a major industrial hub of the country.&nbsp;</div>
<div style="text-align: right;">
	<strong>- Rabindra Kr Baranwal</strong></div>
<div style="text-align: right;">
	<strong>Secretary, BiCCI</strong></div>
<div>
	&nbsp;</div>
<div>
	The event will have a very positive impact on country&rsquo;s economy. Commitment from top guns of major political parties for the economic development of the country will help boost morale of business community.&nbsp;</div>
<div style="text-align: right;">
	<strong>- Prabesh Pandey, Banker</strong></div>
<div>
	&nbsp;</div>',
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			'created' => '2013-09-09',
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	(int) 2 => array(
		'Article' => array(
			'id' => '1770',
			'article_category_id' => '195',
			'title' => 'Roadmap Of Economic Revolution: Vision 2080 BS',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="text-align: center;">
	&nbsp;</div>
<div style="text-align: center;">
	<div>
		<span style="font-size:26px;"><strong>Nepal Leadership summit 2013</strong></span></div>
	<div>
		<strong><span style="font-size:14px;">Roadmap of Economic Revolution: Vision 2080 BS</span></strong></div>
	<div>
		<strong><span style="font-size:14px;">Birgunj Declaration </span></strong></div>
	<div>
		<span style="font-size:12px;"><strong>September 5, 2013</strong></span></div>
</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:12px;"><strong>Whereas Nepal has now entered the phase of Democratic Republic as a result of several political agitations and there has been a national consensus that the main agenda of the country should be economic revolution, we former prime ministers of Nepal assembled in this &ldquo;Nepal Leadership Summit&rdquo; organized by Birgunj Chamber of Commerce and Industries (BiCCI) with help from Aarthik Abhiyan Daily, pledge our commitment to following common points: &nbsp;&nbsp;</strong></span></div>
<div>
	&nbsp;</div>
<div>
	1.We commit to give priority to the national economic agenda above our respective party agenda for the protection of overall national interests while making any individual and party level decision.</div>
<div>
	&nbsp;</div>
<div>
	2.We commit to discuss national economic agenda within our respective parties in a democratic manner and through that forge a consensus of all parties in the development of a common economic agenda of the country.</div>
<div>
	&nbsp;</div>
<div>
	3.We are committed to bring to an end the existing uneasy industrial relations and to maintain a peaceful industrial situation for industrial development of the country.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	4.We are committed to bring out new labour policy and industrial policy conducive for overall national interests and industrial development.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	5.We are committed to make Nepal free from the problem of power outage by removing the obstacles faced in the generation and supply of electricity.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	6.We are committed to secure individual property rights of the people.</div>
<div>
	&nbsp;</div>
<div>
	7.We are committed to create an environment conducive for attracting investment by discouraging all the activities that may disturb the investment climate.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	8.We are committed to uplift Nepal from the current status of a Least Developed Country within the coming 10 years by removing the prevalent poverty and inequality and by achieving high economic growth rate. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	9.We are committed to internalize that the private sector has to play the leading role in the economic development. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	10.We are committed to get Birgunj-Pathlaiya corridor officially declared an industrial corridor that fulfils a set of specified standards.</div>
<div>
	&nbsp;</div>
<div>
	11.We are committed to get Birgunj recognised as the economic capital of the country.</div>
<div>
	&nbsp;</div>
<div>
	12.We are committed to transform Birgunj town into Greater Birgunj.</div>',
			'published' => true,
			'created' => '2013-09-09',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Whereas Nepal has now entered the phase of Democratic Republic as a result of several political agitations and there has been a national consensus that the main agenda of the country should be economic revolution',
			'sortorder' => '1631',
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	(int) 3 => array(
		'Article' => array(
			'id' => '1769',
			'article_category_id' => '195',
			'title' => '‘Green Economy For Economic Development’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<table align="left" border="0" cellpadding="1" cellspacing="1" style="float: left; margin: 0px 10px 10px 0px">
	<tbody>
		<tr>
			<td>
				<img alt="Madhav Kumar Nepal" src="/userfiles/images/mkn.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 195px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<strong>Madhav Kumar Nepal</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	To meet the targets of proposed Economic Revolution Roadmap: Vision 2080, all the concerned parties must be committed. These objectives must be incorporated as economic agenda by all. When everyone is determined for political, economic and social progress, economic revolution is not an unattainable pursuit. But, sustainable economic development is possible only with political stability and rule of law. To establish political stability and rule of law, Constituent Assembly election slated for November 19 must be conducted peacefully. Then the economic development can gain momentum.</div>
<div>
	&nbsp;</div>
<div>
	Our economy is dependent on imports. To lower the high trade deficit, export oriented policies and programmes must be made. Likewise, investment in export oriented industries must be encouraged. For this, internal resources and external opportunities must be well coordinated and productive sectors must be developed.</div>
<div>
	&nbsp;</div>
<div>
	Similarly, employment must be generated through stable and long term investments. For this to happen, government, industrialists and workers must rise above their vested interests and serve the national interest. A favourable environment for running industries and making investments must be created. If these can be ensured, the campaign to achieve economic development and lifting country from the status of least developed to developing country is not overambitious.</div>
<div>
	&nbsp;</div>
<div>
	There must be committed focus on policy stability, power development, investment in employment oriented productive sector and expansion of the service sector. &nbsp;If we want to build new Nepal and make sure all people are prosperous, we must prioritise certain things first. They could be restructuring the society, overhauling the administrative structure, eradicating social discriminations and anomalies and prioritising the development of skilled human resources. Similarly, the physical infrastructure and power development must be prioritised as the water resource is being wasted. These targets are not unachievable but the only need is of the national commitment and positive thinking.</div>
<div>
	&nbsp;</div>
<div>
	Investment must be concentrated on infrastructure development. Whether it is international airport at Nijgadh or fast track road, they are the basis for economic revolution. Development of agriculture, service sector and tourism industry can make Nepal leap towards economic prosperity within a decade. Similarly, green economy must be prioritised. Criminalisation of politics and politicisation of crime must come to an end. End of corruption and good governance must be ensured.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Birgunj-Pathlaiya industrial corridor development with minimum standards must be declared soon. The concept of Greater Birgunj must be implemented and Birgunj should be announced as the financial capital. Sincere implementation of these initiatives can put Nepal in the path to economic revolution.</div>',
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			'description' => 'Investment must be concentrated on infrastructure development.',
			'sortorder' => '1630',
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	(int) 4 => array(
		'Article' => array(
			'id' => '1768',
			'article_category_id' => '195',
			'title' => '‘Agriculture, Regional Market And Infrastructure Development For Economic Prosperity’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<table align="left" border="0" cellpadding="1" cellspacing="1" style="float: left; margin: 0px 10px 10px 0px">
	<tbody>
		<tr>
			<td>
				<img alt="Jhala Nath Khanal" src="/userfiles/images/jnk.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 238px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<strong>Jhala Nath Khanal</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	Nepal holds numerous potentials for achieving economic prosperity as the country is bestowed with valuable natural resources. Nepal needs to develop various sectors by setting priorities on them. Nepal must promote tourism based economy and we should not neglect the fact that Nepal is suitable for off-season and all season agriculture.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The country has passed through major political changes from 1950s to 1990s. However, these changes couldn&rsquo;t lay foundation for economic transformation. Therefore, these political changes could not be institutionalised. In 2006 it was a historic change but unfortunately, that too has not been institutionalised yet.</div>
<div>
	&nbsp;</div>
<div>
	The political stability has an important role in establishing democracy, rule of law and optimum utilisation of resources. There are no doubts about the successful completion of upcoming elections on time. Election is a milestone for creating a base for economic development. Every political party must have commitment for polls. And, the upcoming Constituent Assembly election is also a basis for state restructuring.</div>
<div>
	&nbsp;</div>
<div>
	Nepal has to be transformed into a developing country from the present status of least developed country. If all the concerned stakeholders express determination towards this goal, Nepal can be upgraded into a developing country within a decade. The country had to experience major ups and downs during the last 15 years. During that time, a huge investment made an exit from Nepal and many industries were closed. Similarly, many industries were announced sick during that period.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	At present, around 400,000 people enter into the labour market each year. To provide jobs for them, the agriculture must be mechanised, modernised and co-operatised. Economic development cannot happen without development of agriculture. The agriculture sector can be modernised by establishing research centres and increasing investment in addition to other similar programmes. If the agro productivity can be increased, Nepal can achieve economic prosperity within a short time.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal is a country with more than 30 million population. If China in the north and South Asia are considered, the population accounts to almost half of the global population. thus there is a huge market for us next door. We do not have to look at Europe, USA or Australia in search of market. If we can tap this market by enhancing our capacity to produce products with competitive advantage in these markets, we can progress towards prosperity within a short time.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nestled between India and China, Nepal must devise its economic strategies, policies and programmes to explore the benefits of this unique geographical position. Similarly, we must revise our economic diplomacy. Development of physical infrastructure is another integral part of achieving economic development. Physical infrastructures such as mid-hill highway, international airport at Nijgadh and north-south highways to connect China and India must be given prime importance. Similarly, social infrastructures such as hospitals and universities too must be taken into high consideration. With these infrastructures, we can push the country towards development and prosperity.</div>',
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			'description' => 'The agriculture sector can be modernised by establishing research centres and increasing investment among other similar programmes.',
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		'Article' => array(
			'id' => '1767',
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			'title' => '‘Foreign Investment Required’',
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				<img alt="Dr Baburam Bhattarai" src="/userfiles/images/bb.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 226px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<strong>Dr Baburam Bhattarai</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	We have spent a long time focusing on the political revolution and now we need to shift the focus to the economic side. But all we have to understand the interrelation between political and economical revolution. In order to have economic development, we have to trace out our shortcomings - what are our strengths and what are the hindrances to economic development?</div>
<div>
	&nbsp;</div>
<div>
	One of our major problems is absolute poverty and absolute backwardness, which is the basic weakness in our economic development, and which has led the country to a sluggish pace of development of not more the 2 per cent average growth in 50 years. There has not been much change in the real income level of the people, and this small economic growth is wiped away by the constant population growth.</div>
<div>
	&nbsp;</div>
<div>
	Therefore, we need a vision to see where we will be in the upcoming 10 years. For that, we have to bring in foreign investment and utilize our domestic resources to stimulate economic development</div>
<div>
	&nbsp;</div>
<div>
	During our government, we had focused on taking growth to a double digit rate. For ten per cent growth rate 40 per cent of the GDP has to be invested. As the GDP being NRs 1700billion we have to invest 700bilion per year. One of the basic sources for it is internal tax revenue - which approximately generates NRs. 300bn out of which NRs. 150bn can be invested fordevelopment - the other source is remittance which is approximately &nbsp;NRs 600bn out of which if we invest NRs 200bn, we can still arrange another 200-300 billion form other internal sources. we should be able to bring in another 200 billion from foreign investment.</div>
<div>
	&nbsp;</div>
<div>
	Therefore, it is important to mobilize the national capital as well as foreign investment in order to reach the economic growth of double digit. And if we follow this economic strategy and invest in basic economic infrastructure like electricity, road, airports and social infrastructure like education and health, not only will we witness growth in GDP but also growth in per capita income from USD750 to USD3000. In order to achieve this growth, there also has to be a political commitment, consensus and most importantly, a stable government for five years to govern the country - whether it is the nepali Congress, the UML or the unified CPN Maoist or any other party. As far as the UCPN (M) is concerned, it is totally committed towards inclusive development to reduce economic and social disparities.</div>
<div>
	&nbsp;</div>
<div>
	Secondly, we have to maintain a stable policy with the two rapidly developing neighbouring countries India and China. We have to turn into an investment pool for these countries in order to stimulate our development.</div>
<div>
	&nbsp;</div>
<div>
	Lastly, we have to eradicate political and institutional corruption and until we eradicate this, there will always be hindrances in development and investment. In order to mitigate this problem, we have to be transparent. Forceful donation has to stop and the system should be able to bring some budget to the political parties which will give rise to a transparent political party system.</div>
<div>
	&nbsp;</div>',
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			'id' => '1766',
			'article_category_id' => '195',
			'title' => '‘Time For Economic Revolution’',
			'sub_title' => '',
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				<img alt="Pushpa Kamal Dahal ‘Prachanda’" src="/userfiles/images/pkd.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 212px;" /></td>
		</tr>
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				<div align="center">
					<strong>Pushpa Kamal Dahal &lsquo;Prachanda&rsquo;</strong></div>
			</td>
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<div>
	Until the political goals are not achieved, economic activities will remain eclipsed during the process. We had to spend many years for the political transformation, which was required. But now, it is high time that we move towards economic revolution.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	We made some attempts to drive the country towards an economic revolution when we led the first government of the democratic republic of Nepal. Despite our ambitious plans for economic growth in the country, we did not get the opportunity because unfortunately, we had to quit the government in nine months.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The general convention of our party was held recently in Hetauda from where we made an official declaration that we should now adopt the economic agenda of production, distribution and development. We believe that only the party which employs its entire strength for economic development can lead the country to prosprity.</div>
<div>
	&nbsp;</div>
<div>
	Nineteen years ago in a convention, we had said that the political revolution has not been completed yet and that it needed the abolishment of feudalism and the feudal system.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In order to propel the country towards economic revolution, we are now in a historically distinct situation to institutionalize the political transformation. Despite many ups and downs, now political consensus among major parties is being forged for the economic development&nbsp;</div>
<div>
	of the nation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	We want to focus on economic development at this point. Agriculture should be the foremost basis of economic development of our country. Along with the increase of agro products, we should emphasize on industrialization based on agriculture.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Commercialisation of agriculture and industrialization based on agriculture should be our top priority. Similarly, we should make hydropower and tourism the leading sectors for economic development.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The vision of a double-digit economic growth rate and revolutionary economic development for 10 years is possible.</div>
<div>
	&nbsp;</div>
<div>
	After our party officially declared in the Hetauda general convention that we should all employ our strengths for the development of infrastructure, production and economy, I fortunately got the opportunity to visit our neighbouring countries China and India.</div>
<div>
	&nbsp;</div>
<div>
	While talking with the Chinese and Indian governments, they repeatedly told me that they were ready for the support needed for Nepal&rsquo;s economic development after the elections are held and political stability is restored.</div>
<div>
	&nbsp;</div>
<div>
	This is the reality of Nepal. This is the requirement of the nation. We need an economic revolution. However, the need for political stability is also equally important. We are heading towards the election for which we are forging a suitable environment. We should take the election as a solid basis for the economic revolution of&nbsp;</div>
<div>
	the country.</div>',
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			'article_category_id' => '195',
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				<img alt="Sher Bahadur Deuba" src="/userfiles/images/sbd(1).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 222px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<strong>Sher Bahadur Deuba</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	After the Nepali Congress government was formed following the success of the People&rsquo;s Movement in 1990, the financial economic situation of the government did not allow us to increase the salary of the government employees. The democratically elected government was not able to take economic reform measures. Even in that situation, we had managed to take some initiatives on basic sectors like drinking water and health services.</div>
<div>
	&nbsp;</div>
<div>
	Our priorities were to build high schools, health posts and drinking water facilities in each Village Developing Committee (VDC). We had privatized various factories owned by the government and still we hold the view that industries should be run by industrialists and businessmen while the government should focus on other things. The government should build the infrastructure where it is needed.</div>
<div>
	&nbsp;</div>
<div>
	Economic liberalization in the country happened after 1990. As a result, the economic growth was reached to eight percent. However, violence was launched when the economy was gradually reviving. We also had to face interventions from the then King. We have not been able to completely recover from the impact of the war.</div>
<div>
	&nbsp;</div>
<div>
	The Rana oligarchy was overthrown in Nepal a few years after India got independence from British rule. India went ahead with a system and is now going to be a powerful democratic country. However, we have not been able to come up with a constitution as yet. Drafting the constitution of the federal democratic republic is now urgently needed.</div>
<div>
	&nbsp;</div>
<div>
	Last year, we failed to draft the constitution and we all, including me and my party, are responsible for this failure. We will now draft the constitution at any cost by holding the Constituent Assembly polls, and by rectifying our mistakes.</div>
<div>
	&nbsp;</div>
<div>
	There should be an investment climate for the industrialization of the country. Energy is a pre-condition for investment and the establishment of factories. Our factories are reeling under a power &nbsp;shortage. Labour unrest has become a perennial problem. How can there will be an economic growth, when there are so many hindrances? Nepal has a huge trade deficit with India. An Indian minister has even agreed to provide duty free access to India for various Nepali products. However, we could not capitalise as long we afford such trade deficit?</div>
<div>
	&nbsp;</div>
<div>
	You can bring investment here in Nepal with partnership with Indian businessmen. This would help mitigate trade deficit in Nepal. Once the elections are held, a better environment would be forged for investment.</div>
<div>
	&nbsp;</div>
<div>
	I want to put forth a proposal to end the power crisis. You all have a captive power generator in your factories.if you pool all your resources, a big power plant could be installed. The government &nbsp;should give some incentives for such initiatives. We have immense possibilities of harnessing hydro-electricity and we can talk with India to bring in investment for hydro-electricity projects. Unlike a political revolution, an economic revolution takes time. There should be a clear investment policy in the country. Nepal could be a rich country within 5-10 years by selling electricity to neighbouring countries if we bring big investment here. Similarly, we have many sectors like tourism, agriculture, and herbal products through which we can develop&nbsp;</div>
<div>
	the country.</div>',
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			'title' => 'Glimpses Of Nepal Leadership Summit',
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			'summary' => null,
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	<tbody>
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				<img alt="Editor-in-Chief &amp; chairman of NBA Madan Lamsal addressing the dignitaries" src="/userfiles/images/1%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 339px;" /></td>
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<div>
	&nbsp;</div>
<div>
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		<tbody>
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					<img alt="Former Prime Ministers Sher Bahadur Deuba (right) and Jhalnath Khanal exchanging their views" src="/userfiles/images/2%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 339px;" /></td>
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						<div>
							<strong>Former Prime Ministers Sher Bahadur Deuba (right) and Jhalnath Khanal</strong></div>
						<div>
							<strong>exchanging their views</strong></div>
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				</td>
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<div>
	&nbsp;</div>
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				<img alt="Former PM Madhav Kumar Nepal signing the Birgunj Declaration" src="/userfiles/images/3%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 339px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<strong>Former PM Madhav Kumar Nepal signing the Birgunj Declaration</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="Prachanda (right) shakes hands with Madhav Kumar Nepal" src="/userfiles/images/4%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 336px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<strong>Prachanda (right) shakes hands with Madhav Kumar Nepal</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="BiCCI family during the event" src="/userfiles/images/5%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 335px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<strong>BiCCI family during the event</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="Guests present at the Nepal Leadership Summit" src="/userfiles/images/6%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 335px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<strong>Guests present at the Nepal Leadership Summit</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="BiCCI president Ashok Baidya" src="/userfiles/images/7%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 691px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<strong>BiCCI president Ashok Baidya</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="Maoist leader Dinanath Sharma (second from the right)" src="/userfiles/images/8%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 691px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<strong>Maoist leader Dinanath Sharma&nbsp;</strong><strong>(second from the right)</strong></div>
			</td>
		</tr>
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			'article_category_id' => '195',
			'title' => 'Nepal Leadership Summit At A Glance',
			'sub_title' => '',
			'summary' => null,
			'content' => '<h2>
	<strong style="font-size: 12px;"><span style="font-size:14px;">Participants Former PMs</span></strong></h2>
<ul>
	<li>
		&nbsp;Sher Bahadur Deuba&nbsp;</li>
	<li>
		Pushpa Kamal Dahal &lsquo;Prachanda&rsquo;</li>
	<li>
		Madhav Kumar Nepal</li>
	<li>
		Jhala Nath Khanal&nbsp;</li>
	<li>
		Dr Baburam Bhattarai&nbsp;</li>
</ul>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Organizer</span></strong></div>
<div>
	Birgunj Chamber of Commerce and Industries&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Management&nbsp;</span></strong></div>
<div>
	New Business Age Group&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Outcome&nbsp;</span></strong></div>
<div>
	Former PMs singed a 12-point agreement vowing to let private sector lead the country&rsquo;s economic front&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Why Birgunj?</span></strong></div>
<div>
	Because Birgunj is one of the major trade hubs of the country and Birgunj-Pathlaiya corridor has been suffered from political volatile situation. &nbsp;So, it would be better to seek commitment from PMs at the same place.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Major Issues Raised</span></strong></div>
<ul>
	<li>
		Political Instability</li>
	<li>
		&nbsp;Need of economic revolution</li>
	<li>
		&nbsp;Promotion of tourism</li>
	<li>
		Commitment for hydropower&nbsp;</li>
	<li>
		&nbsp;Agriculture focused development&nbsp;</li>
	<li>
		&nbsp;Inclusive growth</li>
</ul>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Feedback&nbsp;</span></strong></div>
<div>
	It is indeed a good initiative that politicians signed a 12-point declaration. But signing is just a beginning. We should regularly put pressure on politicians to stick to their commitment in days ahead. The agreement should be translated into action. We want sincere commitment from former PMs and their respective political parties.&nbsp;</div>
<div style="text-align: right;">
	<strong>- Ashok Baidya</strong></div>
<div style="text-align: right;">
	<strong>President, BiCCI</strong></div>
<div>
	&nbsp;</div>
<div>
	The programme is a very successful event since it was successful to bring politicians from different ideologies into a single platform. Also, it help reenergize discourse of making Birgunj a major industrial hub of the country.&nbsp;</div>
<div style="text-align: right;">
	<strong>- Rabindra Kr Baranwal</strong></div>
<div style="text-align: right;">
	<strong>Secretary, BiCCI</strong></div>
<div>
	&nbsp;</div>
<div>
	The event will have a very positive impact on country&rsquo;s economy. Commitment from top guns of major political parties for the economic development of the country will help boost morale of business community.&nbsp;</div>
<div style="text-align: right;">
	<strong>- Prabesh Pandey, Banker</strong></div>
<div>
	&nbsp;</div>',
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			'id' => '1770',
			'article_category_id' => '195',
			'title' => 'Roadmap Of Economic Revolution: Vision 2080 BS',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="text-align: center;">
	&nbsp;</div>
<div style="text-align: center;">
	<div>
		<span style="font-size:26px;"><strong>Nepal Leadership summit 2013</strong></span></div>
	<div>
		<strong><span style="font-size:14px;">Roadmap of Economic Revolution: Vision 2080 BS</span></strong></div>
	<div>
		<strong><span style="font-size:14px;">Birgunj Declaration </span></strong></div>
	<div>
		<span style="font-size:12px;"><strong>September 5, 2013</strong></span></div>
</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:12px;"><strong>Whereas Nepal has now entered the phase of Democratic Republic as a result of several political agitations and there has been a national consensus that the main agenda of the country should be economic revolution, we former prime ministers of Nepal assembled in this &ldquo;Nepal Leadership Summit&rdquo; organized by Birgunj Chamber of Commerce and Industries (BiCCI) with help from Aarthik Abhiyan Daily, pledge our commitment to following common points: &nbsp;&nbsp;</strong></span></div>
<div>
	&nbsp;</div>
<div>
	1.We commit to give priority to the national economic agenda above our respective party agenda for the protection of overall national interests while making any individual and party level decision.</div>
<div>
	&nbsp;</div>
<div>
	2.We commit to discuss national economic agenda within our respective parties in a democratic manner and through that forge a consensus of all parties in the development of a common economic agenda of the country.</div>
<div>
	&nbsp;</div>
<div>
	3.We are committed to bring to an end the existing uneasy industrial relations and to maintain a peaceful industrial situation for industrial development of the country.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	4.We are committed to bring out new labour policy and industrial policy conducive for overall national interests and industrial development.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	5.We are committed to make Nepal free from the problem of power outage by removing the obstacles faced in the generation and supply of electricity.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	6.We are committed to secure individual property rights of the people.</div>
<div>
	&nbsp;</div>
<div>
	7.We are committed to create an environment conducive for attracting investment by discouraging all the activities that may disturb the investment climate.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	8.We are committed to uplift Nepal from the current status of a Least Developed Country within the coming 10 years by removing the prevalent poverty and inequality and by achieving high economic growth rate. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	9.We are committed to internalize that the private sector has to play the leading role in the economic development. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	10.We are committed to get Birgunj-Pathlaiya corridor officially declared an industrial corridor that fulfils a set of specified standards.</div>
<div>
	&nbsp;</div>
<div>
	11.We are committed to get Birgunj recognised as the economic capital of the country.</div>
<div>
	&nbsp;</div>
<div>
	12.We are committed to transform Birgunj town into Greater Birgunj.</div>',
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			'id' => '1769',
			'article_category_id' => '195',
			'title' => '‘Green Economy For Economic Development’',
			'sub_title' => '',
			'summary' => null,
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				<img alt="Madhav Kumar Nepal" src="/userfiles/images/mkn.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 195px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<strong>Madhav Kumar Nepal</strong></div>
			</td>
		</tr>
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<div>
	To meet the targets of proposed Economic Revolution Roadmap: Vision 2080, all the concerned parties must be committed. These objectives must be incorporated as economic agenda by all. When everyone is determined for political, economic and social progress, economic revolution is not an unattainable pursuit. But, sustainable economic development is possible only with political stability and rule of law. To establish political stability and rule of law, Constituent Assembly election slated for November 19 must be conducted peacefully. Then the economic development can gain momentum.</div>
<div>
	&nbsp;</div>
<div>
	Our economy is dependent on imports. To lower the high trade deficit, export oriented policies and programmes must be made. Likewise, investment in export oriented industries must be encouraged. For this, internal resources and external opportunities must be well coordinated and productive sectors must be developed.</div>
<div>
	&nbsp;</div>
<div>
	Similarly, employment must be generated through stable and long term investments. For this to happen, government, industrialists and workers must rise above their vested interests and serve the national interest. A favourable environment for running industries and making investments must be created. If these can be ensured, the campaign to achieve economic development and lifting country from the status of least developed to developing country is not overambitious.</div>
<div>
	&nbsp;</div>
<div>
	There must be committed focus on policy stability, power development, investment in employment oriented productive sector and expansion of the service sector. &nbsp;If we want to build new Nepal and make sure all people are prosperous, we must prioritise certain things first. They could be restructuring the society, overhauling the administrative structure, eradicating social discriminations and anomalies and prioritising the development of skilled human resources. Similarly, the physical infrastructure and power development must be prioritised as the water resource is being wasted. These targets are not unachievable but the only need is of the national commitment and positive thinking.</div>
<div>
	&nbsp;</div>
<div>
	Investment must be concentrated on infrastructure development. Whether it is international airport at Nijgadh or fast track road, they are the basis for economic revolution. Development of agriculture, service sector and tourism industry can make Nepal leap towards economic prosperity within a decade. Similarly, green economy must be prioritised. Criminalisation of politics and politicisation of crime must come to an end. End of corruption and good governance must be ensured.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Birgunj-Pathlaiya industrial corridor development with minimum standards must be declared soon. The concept of Greater Birgunj must be implemented and Birgunj should be announced as the financial capital. Sincere implementation of these initiatives can put Nepal in the path to economic revolution.</div>',
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			'description' => 'Investment must be concentrated on infrastructure development.',
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			'id' => '1768',
			'article_category_id' => '195',
			'title' => '‘Agriculture, Regional Market And Infrastructure Development For Economic Prosperity’',
			'sub_title' => '',
			'summary' => null,
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				<img alt="Jhala Nath Khanal" src="/userfiles/images/jnk.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 238px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<strong>Jhala Nath Khanal</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	Nepal holds numerous potentials for achieving economic prosperity as the country is bestowed with valuable natural resources. Nepal needs to develop various sectors by setting priorities on them. Nepal must promote tourism based economy and we should not neglect the fact that Nepal is suitable for off-season and all season agriculture.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The country has passed through major political changes from 1950s to 1990s. However, these changes couldn&rsquo;t lay foundation for economic transformation. Therefore, these political changes could not be institutionalised. In 2006 it was a historic change but unfortunately, that too has not been institutionalised yet.</div>
<div>
	&nbsp;</div>
<div>
	The political stability has an important role in establishing democracy, rule of law and optimum utilisation of resources. There are no doubts about the successful completion of upcoming elections on time. Election is a milestone for creating a base for economic development. Every political party must have commitment for polls. And, the upcoming Constituent Assembly election is also a basis for state restructuring.</div>
<div>
	&nbsp;</div>
<div>
	Nepal has to be transformed into a developing country from the present status of least developed country. If all the concerned stakeholders express determination towards this goal, Nepal can be upgraded into a developing country within a decade. The country had to experience major ups and downs during the last 15 years. During that time, a huge investment made an exit from Nepal and many industries were closed. Similarly, many industries were announced sick during that period.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	At present, around 400,000 people enter into the labour market each year. To provide jobs for them, the agriculture must be mechanised, modernised and co-operatised. Economic development cannot happen without development of agriculture. The agriculture sector can be modernised by establishing research centres and increasing investment in addition to other similar programmes. If the agro productivity can be increased, Nepal can achieve economic prosperity within a short time.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal is a country with more than 30 million population. If China in the north and South Asia are considered, the population accounts to almost half of the global population. thus there is a huge market for us next door. We do not have to look at Europe, USA or Australia in search of market. If we can tap this market by enhancing our capacity to produce products with competitive advantage in these markets, we can progress towards prosperity within a short time.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nestled between India and China, Nepal must devise its economic strategies, policies and programmes to explore the benefits of this unique geographical position. Similarly, we must revise our economic diplomacy. Development of physical infrastructure is another integral part of achieving economic development. Physical infrastructures such as mid-hill highway, international airport at Nijgadh and north-south highways to connect China and India must be given prime importance. Similarly, social infrastructures such as hospitals and universities too must be taken into high consideration. With these infrastructures, we can push the country towards development and prosperity.</div>',
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			'description' => 'The agriculture sector can be modernised by establishing research centres and increasing investment among other similar programmes.',
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			'title' => '‘Foreign Investment Required’',
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				<img alt="Dr Baburam Bhattarai" src="/userfiles/images/bb.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 226px;" /></td>
		</tr>
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				<div align="center">
					<strong>Dr Baburam Bhattarai</strong></div>
			</td>
		</tr>
	</tbody>
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<div>
	We have spent a long time focusing on the political revolution and now we need to shift the focus to the economic side. But all we have to understand the interrelation between political and economical revolution. In order to have economic development, we have to trace out our shortcomings - what are our strengths and what are the hindrances to economic development?</div>
<div>
	&nbsp;</div>
<div>
	One of our major problems is absolute poverty and absolute backwardness, which is the basic weakness in our economic development, and which has led the country to a sluggish pace of development of not more the 2 per cent average growth in 50 years. There has not been much change in the real income level of the people, and this small economic growth is wiped away by the constant population growth.</div>
<div>
	&nbsp;</div>
<div>
	Therefore, we need a vision to see where we will be in the upcoming 10 years. For that, we have to bring in foreign investment and utilize our domestic resources to stimulate economic development</div>
<div>
	&nbsp;</div>
<div>
	During our government, we had focused on taking growth to a double digit rate. For ten per cent growth rate 40 per cent of the GDP has to be invested. As the GDP being NRs 1700billion we have to invest 700bilion per year. One of the basic sources for it is internal tax revenue - which approximately generates NRs. 300bn out of which NRs. 150bn can be invested fordevelopment - the other source is remittance which is approximately &nbsp;NRs 600bn out of which if we invest NRs 200bn, we can still arrange another 200-300 billion form other internal sources. we should be able to bring in another 200 billion from foreign investment.</div>
<div>
	&nbsp;</div>
<div>
	Therefore, it is important to mobilize the national capital as well as foreign investment in order to reach the economic growth of double digit. And if we follow this economic strategy and invest in basic economic infrastructure like electricity, road, airports and social infrastructure like education and health, not only will we witness growth in GDP but also growth in per capita income from USD750 to USD3000. In order to achieve this growth, there also has to be a political commitment, consensus and most importantly, a stable government for five years to govern the country - whether it is the nepali Congress, the UML or the unified CPN Maoist or any other party. As far as the UCPN (M) is concerned, it is totally committed towards inclusive development to reduce economic and social disparities.</div>
<div>
	&nbsp;</div>
<div>
	Secondly, we have to maintain a stable policy with the two rapidly developing neighbouring countries India and China. We have to turn into an investment pool for these countries in order to stimulate our development.</div>
<div>
	&nbsp;</div>
<div>
	Lastly, we have to eradicate political and institutional corruption and until we eradicate this, there will always be hindrances in development and investment. In order to mitigate this problem, we have to be transparent. Forceful donation has to stop and the system should be able to bring some budget to the political parties which will give rise to a transparent political party system.</div>
<div>
	&nbsp;</div>',
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			'description' => 'One of our major problems is absolute poverty and backwardness, which is the basic weakness in our economic development',
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			'id' => '1766',
			'article_category_id' => '195',
			'title' => '‘Time For Economic Revolution’',
			'sub_title' => '',
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				<img alt="Pushpa Kamal Dahal ‘Prachanda’" src="/userfiles/images/pkd.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 212px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<strong>Pushpa Kamal Dahal &lsquo;Prachanda&rsquo;</strong></div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	Until the political goals are not achieved, economic activities will remain eclipsed during the process. We had to spend many years for the political transformation, which was required. But now, it is high time that we move towards economic revolution.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	We made some attempts to drive the country towards an economic revolution when we led the first government of the democratic republic of Nepal. Despite our ambitious plans for economic growth in the country, we did not get the opportunity because unfortunately, we had to quit the government in nine months.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The general convention of our party was held recently in Hetauda from where we made an official declaration that we should now adopt the economic agenda of production, distribution and development. We believe that only the party which employs its entire strength for economic development can lead the country to prosprity.</div>
<div>
	&nbsp;</div>
<div>
	Nineteen years ago in a convention, we had said that the political revolution has not been completed yet and that it needed the abolishment of feudalism and the feudal system.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In order to propel the country towards economic revolution, we are now in a historically distinct situation to institutionalize the political transformation. Despite many ups and downs, now political consensus among major parties is being forged for the economic development&nbsp;</div>
<div>
	of the nation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	We want to focus on economic development at this point. Agriculture should be the foremost basis of economic development of our country. Along with the increase of agro products, we should emphasize on industrialization based on agriculture.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Commercialisation of agriculture and industrialization based on agriculture should be our top priority. Similarly, we should make hydropower and tourism the leading sectors for economic development.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The vision of a double-digit economic growth rate and revolutionary economic development for 10 years is possible.</div>
<div>
	&nbsp;</div>
<div>
	After our party officially declared in the Hetauda general convention that we should all employ our strengths for the development of infrastructure, production and economy, I fortunately got the opportunity to visit our neighbouring countries China and India.</div>
<div>
	&nbsp;</div>
<div>
	While talking with the Chinese and Indian governments, they repeatedly told me that they were ready for the support needed for Nepal&rsquo;s economic development after the elections are held and political stability is restored.</div>
<div>
	&nbsp;</div>
<div>
	This is the reality of Nepal. This is the requirement of the nation. We need an economic revolution. However, the need for political stability is also equally important. We are heading towards the election for which we are forging a suitable environment. We should take the election as a solid basis for the economic revolution of&nbsp;</div>
<div>
	the country.</div>',
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				<img alt="Sher Bahadur Deuba" src="/userfiles/images/sbd(1).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 222px;" /></td>
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					<strong>Sher Bahadur Deuba</strong></div>
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		</tr>
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<div>
	After the Nepali Congress government was formed following the success of the People&rsquo;s Movement in 1990, the financial economic situation of the government did not allow us to increase the salary of the government employees. The democratically elected government was not able to take economic reform measures. Even in that situation, we had managed to take some initiatives on basic sectors like drinking water and health services.</div>
<div>
	&nbsp;</div>
<div>
	Our priorities were to build high schools, health posts and drinking water facilities in each Village Developing Committee (VDC). We had privatized various factories owned by the government and still we hold the view that industries should be run by industrialists and businessmen while the government should focus on other things. The government should build the infrastructure where it is needed.</div>
<div>
	&nbsp;</div>
<div>
	Economic liberalization in the country happened after 1990. As a result, the economic growth was reached to eight percent. However, violence was launched when the economy was gradually reviving. We also had to face interventions from the then King. We have not been able to completely recover from the impact of the war.</div>
<div>
	&nbsp;</div>
<div>
	The Rana oligarchy was overthrown in Nepal a few years after India got independence from British rule. India went ahead with a system and is now going to be a powerful democratic country. However, we have not been able to come up with a constitution as yet. Drafting the constitution of the federal democratic republic is now urgently needed.</div>
<div>
	&nbsp;</div>
<div>
	Last year, we failed to draft the constitution and we all, including me and my party, are responsible for this failure. We will now draft the constitution at any cost by holding the Constituent Assembly polls, and by rectifying our mistakes.</div>
<div>
	&nbsp;</div>
<div>
	There should be an investment climate for the industrialization of the country. Energy is a pre-condition for investment and the establishment of factories. Our factories are reeling under a power &nbsp;shortage. Labour unrest has become a perennial problem. How can there will be an economic growth, when there are so many hindrances? Nepal has a huge trade deficit with India. An Indian minister has even agreed to provide duty free access to India for various Nepali products. However, we could not capitalise as long we afford such trade deficit?</div>
<div>
	&nbsp;</div>
<div>
	You can bring investment here in Nepal with partnership with Indian businessmen. This would help mitigate trade deficit in Nepal. Once the elections are held, a better environment would be forged for investment.</div>
<div>
	&nbsp;</div>
<div>
	I want to put forth a proposal to end the power crisis. You all have a captive power generator in your factories.if you pool all your resources, a big power plant could be installed. The government &nbsp;should give some incentives for such initiatives. We have immense possibilities of harnessing hydro-electricity and we can talk with India to bring in investment for hydro-electricity projects. Unlike a political revolution, an economic revolution takes time. There should be a clear investment policy in the country. Nepal could be a rich country within 5-10 years by selling electricity to neighbouring countries if we bring big investment here. Similarly, we have many sectors like tourism, agriculture, and herbal products through which we can develop&nbsp;</div>
<div>
	the country.</div>',
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