Wednesday, 25 May 2016

Nepal's Black Market

Posted by Anup Baral May 25, 2016 :

The black market for fuel has been, more or less, meeting the demand for fuel in the country. However, it is one of the main reasons why the fuel crisis has so significantly affected the country’s economy and it has also grossly undermined the government’s credibility. There are four main reasons behind the black market negatively affecting Nepal’s already regressing economy. First, more transactions on the black market means less revenue to the Government. The black market transactions are off-the-record. Thus, it is very easy for these transactions to evade the taxes, which would otherwise be paid to the government. Second, bigger the black market, the fewer opportunities for legitimate industries to function and meet people’s demand for fuel. Third, the bigger the black market the more underestimated is the employment data of the country. It is true that black markets employ a great number of people, but they are not officially recorded in the government’s data. Thus, even those people who are employed in the black market will be considered unemployed. Fourth, it may have led to deliberate creation of shortages in the country. Black markets leads to great monetary gains for its stakeholders, and thus, deliberate shortages are created because the stakeholders are aware of the fact that even though prices are hiked by linking it to the shortage of goods, the demand for these goods is not diminished.

Guide of the month: January 2018

Traveling gives us the opportunity to disconnect from our regular life. You get to forget your problems/issues for a few weeks, it can also help you figure things out that you would not have understood without the distance traveling can give you. We all have crazy schedules, work and a family to take care of, going away alone or with some friends can give you distance and perhaps even make you realize how important these people are for you. Like the saying says: we never know what we have until we lose it.

Another great benefit is the relaxation you get to do. It’s nice to live life to its fullest and enjoy a stress free time with yourself. Going on vacation lets us recharge our “batteries” by disconnecting us from our regular life. When we come back we feel invigorated and we are happy to be back in our day to day routine. It’s a very good stress remover that has a lot more to give than most people are willing to accept.

Traveling increases our knowledge and widens our perspective. To view new customs, different ways of living is fantastic for the mind. It gives us a new perspective about life and especially our life, it can help us change some of our habits or even create new ones. When I travel I usually make it a point to try new food, some cultures don’t have fries in their diet and they are all skinny, others use spices to give taste and not oils or fats. Discovering different values and ways to get by in life is really interesting. You also need to visit exotic new places and discover what this wonderful world has to offer.