Papers by Uma Shankar Prasad
Economic Journal of Nepal
COVID -19 pandemic has created the greatest economic crisis since the second world war. The main ... more COVID -19 pandemic has created the greatest economic crisis since the second world war. The main objective of this article is to analyse the impact of COVID-19 in the economy of South Korea. The article also looks at the various economic packages introduced by the government of South Korea to protect the people particularlylow-income families, informal-sector employees, part-timers, women, and the disabled. The article concludes that the country's response tools and strategies in containing COVID-19 have been exemplary in the global community. The economic packages have been successful in creating jobs, boosting consumption and promoting investment. The modality of proper and effective cooperation and coordination among the levels of government and between the public and private sector played the vital role.
THE ECONOMIC JOURNAL OF NEPAL, 2021
COVID-19 pandemic has created the greatest economic crisis since the second world war. The main o... more COVID-19 pandemic has created the greatest economic crisis since the second world war. The main objective of this article is to analyse the impact of COVID-19 in the economy of South Korea. The article also looks at the various economic packages introduced by the government of South Korea to protect the people particularly lowincome families, informal-sector employees, part-timers, women, and the disabled. The article concludes that the country's response tools and strategies in containing COVID-19 have been exemplary in the global community. The economic packages have been successful in creating jobs, boosting consumption, and promoting investment. The modality of proper and effective cooperation and coordination among the levels of government and between the public and private sector played the vital role.
Institute of Foreign Affairs, 2023
Nepal has bilateral relations 173 countries of the world. The country has been the part of 5 main... more Nepal has bilateral relations 173 countries of the world. The country has been the part of 5 main regional affairs comprising South Asian Association for Regional Cooperation (SAARC); Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC); Bangladesh, Bhutan, India, Nepal (BBIN), Asia Cooperation Dialogue (ACD) and Shanghai Cooperation Organization (SCO). Currently 4 categories of Nepalese diplomatic missions are existing overseasembassies, permanent missions, consulate generals, and honorary consuls. There are altogether 30 embassies, 3 permanent missions to the UN and other international organizations, 7 consulate generals, and 53 honorary consuls. Embassies are placed at
THE ECONOMIC JOURNAL OF NEPAL, 2021
COVID-19 pandemic has created the greatest economic crisis since the second world war. The main o... more COVID-19 pandemic has created the greatest economic crisis since the second world war. The main objective of this article is to analyse the impact of COVID-19 in the economy of South Korea. The article also looks at the various economic packages introduced by the government of South Korea to protect the people particularly lowincome families, informal-sector employees, part-timers, women, and the disabled. The article concludes that the country's response tools and strategies in containing COVID-19 have been exemplary in the global community. The economic packages have been successful in creating jobs, boosting consumption, and promoting investment. The modality of proper and effective cooperation and coordination among the levels of government and between the public and private sector played the vital role.
NRB Economic Review
The first Constituent Assembly (CA) was dissolved without producing the constitution. The Constit... more The first Constituent Assembly (CA) was dissolved without producing the constitution. The Constitution of Nepal as Federal Democratic Republic was promulgated on September 20, 2015 by the second CA. The primary objective of this study is to review the modality presented in the new constitution on the natural resources, economic rights and revenue allocation and recommend some amendments. The study finds that the fiscal decentralization initiatives have not been successful in minimizing the political, social, economic, regional and ethnic inequalities inherent for nearly 240 years of a unitary system of governance in Nepal. The study recommends: VAT and income taxes will have to be collected concurrently at both the central and sub-national levels. Other taxes including excise duties will have to be collected by the sub-national governments which will support the expenditure responsibilities of the sub-national governments adequately in federal Nepal. Intergovernmental transfer modal...
International Journal of Disaster Response and Emergency Management, 2019
Nepal is highly vulnerable to many disasters and substantially increasing every year. It has been... more Nepal is highly vulnerable to many disasters and substantially increasing every year. It has been creating an adverse impact on human lives, livelihoods, and infrastructures. The primary objective of this study is to state the human causalities and economic loss from disasters in Nepal and suggest institutional and system reforms for effective disaster risk management in the country. This is an analytical study based on secondary data. Data published from various government and non-government organizations are used to analyse the situation. Although the findings of the study reveal that the Government of Nepal has been continuously carrying out many efforts for fighting against various levels of disasters in the country, it concludes that additional efforts are needed from the federal to the local level at all phases of disaster management including preparedness, response, and recovery. It is also important to integrate disaster risk reduction and climate change adaptation policies,...
Journal of Development and Administrative Studies, 2016
Nepal has a very long historical, political, cultural and economic cooperation with China. Accord... more Nepal has a very long historical, political, cultural and economic cooperation with China. According to the International Monetary Fund (IMF), China is the country having the world's largest economy in 2014 for purchasing power parity with 17.632 trillion US dollar and second largest economy for nominal GDP. Being one of the rising Asian powers, China wants to achieve the status of global power. In this perspective, it is needed for China to win the trust of neighboring countries. China has already announced that it will pay more attention and reinforce its cooperation with its neighbors. Being a China's good neighbor, Nepal naturally wants to see China as a global power in coming years. This article analyzes some facets of Nepal's long economic relation with China. The paper concludes that although the political and economic relation between Nepal and China has very long history, the relation has not been able to enhance various economic indicators like trade, investmen...
The Landscape of Madhesh, 2012
Nepal is highly vulnerable to many disasters and substantially increasing every year. It has been... more Nepal is highly vulnerable to many disasters and substantially increasing every year. It has been creating an adverse impact on human lives, livelihoods, and infrastructures. The primary objective of this study is to state the human causalities and economic loss from disasters in Nepal and suggest institutional and system reforms for effective disaster risk management in the country. This is an analytical study based on secondary data. Data published from various government and non-government organizations are used to analyse the situation. Although the findings of the study reveal that the Government of Nepal has been continuously carrying out many efforts for fighting against various levels of disasters in the country, it concludes that additional efforts are needed from the federal to the local level at all phases of disaster management including preparedness, response, and recovery. It is also important to integrate disaster risk reduction and climate change adaptation policies, plans and programmes into national development.
Following Nepal’s accession to the World Trade Organization (WTO) in 2003, the
Bay of Bengal Init... more Following Nepal’s accession to the World Trade Organization (WTO) in 2003, the
Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation
(BIMSTEC) in 2004, and implementation of the South Asian Free Trade Area (SAFTA)
in 2006, the Government of Nepal has pursued a policy of mobilising excise taxes to
compensate for revenue losses resulting from the reduction and abolition of customs
tariff rates and other obligations of WTO membership. The principal objective of this
article is to analyse the existing system of excise administration in Nepal and identify
ways in which the administrative burden may be reduced for both taxpayers and the
government. The study identifies an urgent need to shift from the current physical
control system to a self-removal system, as well as a need to rationalise the country’s
excise legislative provisions, in line with international practices.
The first Constituent Assembly (CA) was dissolved without producing the constitution. The Constit... more The first Constituent Assembly (CA) was dissolved without producing the constitution. The Constitution of Nepal as Federal Democratic Republic was promulgated on September 20, 2015 by the second CA. The primary objective of this study is to review the modality presented in the new constitution on the natural resources, economic rights and revenue allocation and recommend some amendments. The study finds that the fiscal decentralization initiatives have not been successful in minimizing the political, social, economic, regional and ethnic inequalities inherent for nearly 240 years of a unitary system of governance in Nepal. The study recommends: VAT and income taxes will have to be collected concurrently at both the central and sub-national levels. Other taxes including excise duties will have to be collected by the sub-national governments which will support the expenditure responsibilities of the sub-national governments adequately in federal Nepal. Intergovernmental transfer modality has to be included in the constitution. A Federal Finance Commission (FFC) and the National Planning Commission will have to be constituted at the central level to make national level development plans and to make recommendations for additional grants and loans. A State Planning Commission (SPC) and a State Finance Commission can be established in each state to prepare state development plans and to deal with the transfers to be made to local bodies.
Nepal has a very long historical, political, cultural and economic cooperation
with China. Accord... more Nepal has a very long historical, political, cultural and economic cooperation
with China. According to the International Monetary Fund (IMF), China is the
country having the world's largest economy in 2014 for purchasing power parity
with 17.632 trillion US dollar and second largest economy for nominal GDP.
Being one of the rising Asian powers, China wants to achieve the status of global
power. In this perspective, it is needed for China to win the trust of neighbouring
countries. China has already announced that it will pay more attention and
reinforce its cooperation with its neighbours. Being a China's good neighbour,
Nepal naturally wants to see China as a global power in coming years. This
article analyzes some facets of Nepal's long economic relation with China. The
paper concludes that although the political and economic relation between
Nepal and China has very long history, the relation has not been able to enhance
various economic indicators like trade, investment, tourism etc. and therefore
it is needed to focus on economic endeavours between these two countries in
coming days.
Books by Uma Shankar Prasad
Institute of Foreign Affairs, Government of Nepal, 2020
All rights reserved. No part of this book may be reproduced or utilized in any forms or by any me... more All rights reserved. No part of this book may be reproduced or utilized in any forms or by any means, electronic or mechanical, including photocopying, recording, or by any storage and retrieval system without permission in writing from the publisher. This publication will be available for access and download in the IFA website after one year of publication. Disclaimer: Opinions expressed in the article are the authors' own and do not necessarily reflect the views of the executive editors and the publisher. IFA is not liable for any misconstrued ideas, misrepresentation, and misinterpretation that affect the public, individual and institution.
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Papers by Uma Shankar Prasad
Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation
(BIMSTEC) in 2004, and implementation of the South Asian Free Trade Area (SAFTA)
in 2006, the Government of Nepal has pursued a policy of mobilising excise taxes to
compensate for revenue losses resulting from the reduction and abolition of customs
tariff rates and other obligations of WTO membership. The principal objective of this
article is to analyse the existing system of excise administration in Nepal and identify
ways in which the administrative burden may be reduced for both taxpayers and the
government. The study identifies an urgent need to shift from the current physical
control system to a self-removal system, as well as a need to rationalise the country’s
excise legislative provisions, in line with international practices.
with China. According to the International Monetary Fund (IMF), China is the
country having the world's largest economy in 2014 for purchasing power parity
with 17.632 trillion US dollar and second largest economy for nominal GDP.
Being one of the rising Asian powers, China wants to achieve the status of global
power. In this perspective, it is needed for China to win the trust of neighbouring
countries. China has already announced that it will pay more attention and
reinforce its cooperation with its neighbours. Being a China's good neighbour,
Nepal naturally wants to see China as a global power in coming years. This
article analyzes some facets of Nepal's long economic relation with China. The
paper concludes that although the political and economic relation between
Nepal and China has very long history, the relation has not been able to enhance
various economic indicators like trade, investment, tourism etc. and therefore
it is needed to focus on economic endeavours between these two countries in
coming days.
Books by Uma Shankar Prasad
Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation
(BIMSTEC) in 2004, and implementation of the South Asian Free Trade Area (SAFTA)
in 2006, the Government of Nepal has pursued a policy of mobilising excise taxes to
compensate for revenue losses resulting from the reduction and abolition of customs
tariff rates and other obligations of WTO membership. The principal objective of this
article is to analyse the existing system of excise administration in Nepal and identify
ways in which the administrative burden may be reduced for both taxpayers and the
government. The study identifies an urgent need to shift from the current physical
control system to a self-removal system, as well as a need to rationalise the country’s
excise legislative provisions, in line with international practices.
with China. According to the International Monetary Fund (IMF), China is the
country having the world's largest economy in 2014 for purchasing power parity
with 17.632 trillion US dollar and second largest economy for nominal GDP.
Being one of the rising Asian powers, China wants to achieve the status of global
power. In this perspective, it is needed for China to win the trust of neighbouring
countries. China has already announced that it will pay more attention and
reinforce its cooperation with its neighbours. Being a China's good neighbour,
Nepal naturally wants to see China as a global power in coming years. This
article analyzes some facets of Nepal's long economic relation with China. The
paper concludes that although the political and economic relation between
Nepal and China has very long history, the relation has not been able to enhance
various economic indicators like trade, investment, tourism etc. and therefore
it is needed to focus on economic endeavours between these two countries in
coming days.