Arab Today, arab today nepal suffers 18m loss per strike day
Last Updated : GMT 03:35:24
Arab Today, arab today
Arab Today, arab today

Nepal suffers $18m loss per strike day

Arab Today, arab today

Arab Today, arab today Nepal suffers $18m loss per strike day

Kathmandu - XINHUA

Nepal suffered 1.8 billion Nepalese currency (18 million U.S. dollars) per strike day and 27 billion Nepalese currency (270 million U.S. dollars) a year due to strikes and Nepal bandh between 2008 to 2013, a recent research conducted by the country's central bank revealed. The research report, "The Economic Cost of General Strikes in Nepal," says the repeated strikes in the poor Himalayan country claimed losses worth 117 billion Nepalese currency (1.7 billion U. S. dollars) during the period. "The lost output per year accounted for 1.4 percent of the annual gross output," said the Nepal Rastra Bank (NRB) report which is yet to be launched officially. "With such losses, general strikes decelerated annual GDP growth rates in a range between 0.6 percent and 2.2 percent during the study period." "The report estimates the direct economic cost of general strikes due to the stoppage of economic activities only. It however does not include the cost of spill-over effects of general strikes and the cost of violence," Min Bahadur Shrestha, executive director at the NRB's Investigation Division, told Xinhua by phone. Shrestha and Shashi Kant Chaudhary, assistant director of the NRB Investigation Division have led the research. The research found that the monthly inflation rate in Nepal jumped to over 9 percent as a result of two-day general strikes while a strike that lasted three or more days led to an inflation of more than 10 percent during the period. The report analyses the effect of general strikes on five macroeconomic variables including GDP growth rate, inflation, gross fixed capital formation, foreign direct investment and tourist arrivals. The report found that service and industry sectors suffered most from strikes and closures while the agriculture sector that contributes one-third of the country's GDP remained least affected. "Loss in GDP growth rate increases with the increase in the number of nationwide strike days," the report says, adding, "The highest number of nationwide general strikes and also the highest level of GDP loss have been recorded in 2010." Nepal saw 4,451 strikes during the period under survey, including 707 in 2008, 957 in 2009, 1,207 in 2010, 732 in 2011, 632 in 2012 and 218 in 2013.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nepal suffers 18m loss per strike day Arab Today, arab today nepal suffers 18m loss per strike day

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nepal suffers 18m loss per strike day Arab Today, arab today nepal suffers 18m loss per strike day

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday