My country

As of 2:45 pm, Shah was being taken to the District Administration Office (DAO) for interrogation. Public prosecutors have filed a case with charges of "hooliganism and disruptive behavior at a public place" under the Public Offence Act, instead of the charges of "attempt on life".The Maoists are not following the peace agreement. They have violated the agreement by involving the combatants in the plenum. With the ceaseless incompetence on the part of the political leadership to forge consensus to bring a full-fledged budget, the already fragile economic performance has hit a new low.

The imports are swelling alarmingly in contrast to fast dwindling exports. The growth of remittance, which has largely been buoying up the shaky economy, has slowed down since the last fiscal year (FY).The balance of payment (BoP) deficit has again reared its ugly head in the last two months of the current FY. The balance of payment (BoP) deficit widened to Rs. 4.36 billion in the second month of the current fiscal year (FY), according to the macro-economic situation of the country recently released by the central bank.The BoP deficit was recorded at Rs 312.8 million in the first month.he unremitting growth in trade deficit coupled with the growth of remittance below 10 percent has stultified the expected recovery of BoP deficit.

According to the central bank report, the country's trade deficit increased by 7.4 percent as exports declined by 3.8 percent to Rs 10.68 billion while import of merchandise grew by 5.2 percent to Rs. 61.07 billion in two months. This triggered a trade deficit of Rs 50.4 billion.nflow of remittance rose by just 9.7 percent to Rs 38.4 billion compared to 19.7 percent in the corresponding period last year. However, in the first month, the growth rate of remittance was just 7.8 percent.The growth of remittance has failed to keep pace in tandem with the rising of Nepali migrant workers leaving for overseas jobs.

In last two months, the outlook of government's expenditure was also gloomy as it declined by 25.5 percent to Rs. 19.78 billion compared to an increase of 69.8 percent in the corresponding period the previous year.The report ascribed the decrease in both recurrent and capital expenditure as well as freeze in expenditure to this situation. The growth of revenue also slowed at just 11.2 percent during the review period compared to 54.5 percent in the corresponding period last year. This is sure to pile pressure on cutting down budget to be allocated to particular projects.