That's a very bad news.
Both monitory policy and fiscal policy of biddwan will hit GDP by a big margin.
It could hit the economy by a lot.
If big projects dont complete by 6 month, their impact will be less on GDP growth which will lower the GDP growth to close to Zero than close to 8.
We have the most destructive finance minister in the history of Nepal. Probably top 5 in he history of the world. The worst could be from Zimbabwe, Venezuelan etc.
http://forum.sharesansar.com/topic.php?id=5490Somebody congratulate 8 class Oli, he is the most bold politician in the history of mankind. He is the only one politician who has easily accepted increment of tax on public.
We know how UN works. UN does not give work based on their capability. They give job to those who are agree to become their agent, mostly CIA. And biddwan got job in UN. And biddwan has increased tax, want to destroy share market (biddwan is the only finance minister/economist who promised to destroy share market of his own country (is nepal his country?). )
World knows, if you increase tax, you will loose election for a long time. And biddwan, who worked for CIA asset- UN. And we know how much CIA cares about communist.
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Ramesh N ji, banks demand a lot of income source and far more collateral than needed.