Tuesday, November 27, 2012

Economic indicators slump while prices sky rocket

The general public is facing difficulties in managing expenses as monetary efforts of the central bank have not been successful in pulling inflation to a single digit level since the beginning of the current fiscal year.
The rate of general price rise crossed 10.5 per cent in mid-October as compared to 8.9 per cent in the corresponding period of the previous year.
The index of food and beverages group increased by 9.1 per cent, whereas non-food and services group increased by 11.8 per cent during the review period. These indices had increased by 9.6 per cent and 8.2 per cent, respectively, in the corresponding period of the previous year.
However, workers' remittance has increased by 28.8 per cent, amounting to Rs 97.7 billion in the three months.
The economy, that was seemingly comfortable a few months back, appeared to be slowing down in the first quarter as fiscal expenditure remained insignificant due to the inefficient government.
In the first three months of the current fiscal year, the deposit growth rate has slowed down, inflation has grown, trade deficit has widened further causing balance of payments surplus to decline, while budget surplus has surged as government expenditure has shrunk because of prolonged uncertainty due to the adamant government.
In the three months, the government budget remained at a surplus of Rs 10.94 billion, according to the central bank.
Deposit mobilisation of financial institutions increased by 2.5 per cent, amounting to Rs 24.97 billion, which had grown by more than five per cent in the same period a year back. Though the liquidity situation has been at a comfortable level for the last one year, the persistent slow deposit growth rate has raised concerns regarding the repetition of another bout of liquidity crisis in the financial system.
On the other hand, increased credit to the private sector might signal increased economic activities. In the period, credit to the private sector increased by 5.8 per cent as compared to a growth of 1.4 per cent last year.
Trade deficit has widened as it surged by 40.8 per cent to Rs 115.75 billion as compared to an increase of 7.6 per cent during the same period of the previous year. Merchandise exports went up by 14.9 per cent to Rs 20.73 billion in the first three months of 2012-13, while merchandise imports have increased by 36.1 per cent to Rs 136.48 billion.
Macroeconomic indicator of three month
Inflation at 10.5 per cent
Foreign reserve at Rs 429.9 billion (-2.2 per cent)
Export at Rs 20.73 billion
Import at Rs 136.48 billion
Trade deficit at Rs 115.75 billion (+40.8%)
Deposit at Rs 1,087 billion (+2.05 per cent)
Credit at Rs 836.7 billion (+5.8 per cent)
Balance of payments at Rs 347.3 million
Remittance at Rs 97.7 billion (+28.8 per cent)
Revenue mobilisation at Rs 57.45 billion
Budget surplus at Rs 10.94 billion (+343.2 per cent)
(Source: Nepal Rastra Bank)


Anonymous said...

Howdy very cool site!! Man .. Beautiful .. Wonderful .. I
will bookmark your site and take the feeds additionally�I am happy to seek out a lot of
helpful information right here within the publish, we'd like work out more strategies on this regard, thanks for sharing. . . . . .

Here is my webpage ... site dating online

Anonymous said...

Thanks for revealing your ideas. I might also like
to state that video games have been at any time evolving.
Today's technology and innovative developments have aided create genuine and interactive games. Most of these entertainment video games were not that sensible when the actual concept was first of all being tried. Just like other areas of electronics, video games also have had to develop by many many years. This is testimony towards fast growth of video games.

Have a look at my page www.raa-oshawa.dmt.net

Anonymous said...

An attention-grabbing discussion is value comment.

I believe that you need to write more on this topic, it might
not be a taboo subject however typically people are not enough to talk on
such topics. To the next. Cheers

Here is my page: dating site personals

Anonymous said...

Well I really enjoyed reading it. This information offered by you is very practical for proper planning.

Feel free to visit my blog ... dat ing

Anonymous said...

Wonderful beat ! I wish to apprentice while you amend
your site, how can i subscribe for a blog web site?
The account helped me a acceptable deal. I had been a
little bit acquainted of this your broadcast offered bright clear concept

Here is my site :: adult finder

Anonymous said...

Hello! Do you use Twitter? I'd like to follow you if that would be okay. I'm undoubtedly enjoying your blog and look forward
to new posts.

My blog post ... fuckbook

Anonymous said...

I will also like to mention that most people that find
themselves without the need of health insurance are usually students, self-employed and those that are not working.
More than half of the uninsured are really under the age of Thirty-five.
They do not really feel they are looking for health insurance
because they are young as well as healthy.
The incom

Also visit my web-site :: facebook for sex

Anonymous said...

Hey there! Someone in my Facebook group shared this site
with us so I came to look it over. I'm definitely loving the information. I'm bookmarking and will be tweeting this to my followers!
Superb blog and wonderful design.

Also visit my blog post - adult finder

Anonymous said...

Thanks for your posting on this blog. From my own personal experience, there are occassions
when softening upwards a photograph may possibly provide the photo
shooter with a bit of an inventive flare. Often however, the soft cloud isn't precisely what you had in your mind and can usually spoil a normally good photograph, especially if you thinking about enlarging it.

Take a look at my page: facebook of sex

Anonymous said...

In these days of austerity along with relative anxiety about having debt, a lot
of people balk against the idea of utilizing a credit card to make purchase of merchandise and also pay for a vacation, preferring, instead only to rely
on this tried and trusted way of making settlement -
raw cash. However, if you possess cash on hand to make
the purchase completely, then, paradoxically, that is the
best time just to be able to use the cards for several causes.

My homepage ... adult finder