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With businesses coming to a global halt due to the COVID-19 pandemic, global financial markets are in freefall. The whole world is in lockdown.
According to the Bank of America Global Research, Global GDP growth is likely to be just 2.8% in 2020 which would be the worst year since the financial crisis and the Great Recession ended in 2009.
Altogether, Nepal’s economy is being severely impacted. Although Nepal has not faced severe problems health-wise, its economy is expected to worsen in the coming months. The Asian Development Bank’s ‘COVID-19 Economic Impact Assessment Template’ released the best and worst-case scenarios for countries in the region, which predicts a loss of up to $322 million.
Let’s find out how this soon-to-be global economic crisis will affect the economy of Nepal.
Agriculture remains Nepal’s principal economic activity. Agriculture is the main occupation of around 66% of the population, which provides 36% of GDP.
Nepal Rastra Bank, in its Mid-Term Review of the 2019-20 Monetary Policy, said that the spread of the coronavirus, along with decreased paddy production this year, would hurt the economy and this lockdown is sure to bring more harm.
Nepal’s GDP is heavily dependent on remittance (16.39%) from foreign workers. If industries and businesses operating in the Gulf shut down due to the coronavirus, many Nepali workers will have to face unemployment for some time. Nepal has also stopped issuing labor permits to Nepali migrant workers for the time being.
The tourism sector has been the biggest victim of the Corona Virus. It has been impacted by travel restrictions imposed by Nepal and other countries. The Nepal government has also canceled all climbing expedition permits, including Mt. Everest for the spring season.
The government of Nepal has postponed Visit Nepal 2020 campaign, Sagarmatha Sambad 2020, and other international events until further notice.
The impact of the coronavirus has been most visible in the manufacturing industry, as most raw materials come from China. “Nepal’s pharmaceutical industry is heavily dependent on China for the chemicals used to make medicines,” said Shekhar Golchha, senior vice-president of the Federation of Nepalese Chambers of Commerce and Industry.
The construction sector has already been sluggish from the early days of this fiscal year. Nepal imports a significant quantity of hardware used in buildings from China and hardware traders have said they will be in short supply after a month.
Projects like the Kathmandu-Narayangarh Road Widening Project and the expansion of the Kathmandu Ring Road, various hydropower projects and transmission line projects have been affected as Chinese contractors and workers have not returned.
The deadline for the Gautam Buddha International Airport in Bhairahawa has already been postponed until mid-May from March 31 as vital components like runway lighting, baggage handling and other equipment for the airport terminal are unlikely to be delivered on time.
Hartwig Schafer, World Bank Vice President for the South Asia Region, said, “Declining industrial production and imports, as well as tensions in the financial markets reveal a sharp economic slowdown in South Asia.” With that context in mind, the report remains cautiously optimistic that a slight rebound in investment and private consumption could jumpstart South Asia’s growth up to 6.3 percent in 2020, slightly above East Asia and the Pacific.
In Nepal, GDP growth is projected to average 6.5 percent over this and next fiscal year, backed by strong services and construction activity due to rising tourist arrivals and higher public spending.
The outbreak of Corona Virus (Covid-19) was declared a Public Health Emergency of International Concern on 30 January 2020 by WHO. After its mass transmission globally, it has killed thousands of people, and WHO has declared it a pandemic and requested every nation and its people to follow preventive methods.
The persistent news of positive tests and reported deaths in other countries have created widespread concerns in Nepal as well. The government of Nepal has postponed Visit Nepal 2020 campaign, Sagarmatha Sambad 2020, and other international events until further notice.
Along with the events mentioned above, to control the possible spread of Covid-19, new rules are being implemented, such as not allowing the gathering of more than 25 people in a single place, close down all cinema halls, schools, and colleges, offices, social distancing and so on.
The partial shutdown that the government has in place may result in the degradation of the physical and mental health of the citizens. So let us talk about the ways to prevent them and stay healthy for the time being.
During a pandemic like Covid-19, most health advice can be simplified into simple behaviors, like eating a balanced diet, exercising, and getting good sleep. If you do buy canned, dried, or frozen goods, choose those low in saturated fat, salt, and added sugars. Look for foods with less than 5 grams of added sugar per serving, less than 200 milligrams of salt per serving, and less than 1.5 grams of saturated fat per serving, Byker Shanks recommends. (An associate professor of food, nutrition, and sustainable food systems at Montana State University)
According to the data, except for the old and sick people, everybody infected has been recovered. So, the best way to fight Covid-19 is to stay healthy. Even if the gyms and parks are closed down, you can still work out from home. Many gyms and fitness instructors are also offering virtual classes right now. There are also plenty of no-equipment-required exercises like squats, burpees, sit-ups, planks, push-ups, and mountain climbers, which you can do in even a small space.
People who are used to engage with people throughout their day may find it stressful to boycott themself from social interaction. Stress can affect endocrine, respiratory, circulatory, and digestive systems as well as musculoskeletal systems leading to various problems like low energy, headaches, upset stomach, aches, pains, and tense muscles along with severe cases of insomnia.
So managing stress and anxiety is crucial for getting enough sleep, and getting enough sleep is vital for just about every other aspect of your health. To prevent oneself from stressing out, one can apply various measures like reading a book, perform meditation and yoga, practice mindfulness, make a proper daily routine to ease the mind throughout the day, increase your exposure to daylight, and so on.
Although the U.S. Centers for Disease Control and Prevention has said surface contamination doesn’t seem to be the primary way the Covid-19 spreads, research shows that it can live on plastic and stainless steel surfaces for 72 hours, cardboard for 24 hours and copper for 4 hours.
So, WHO has suggested washing hand towels frequently, and removing your shoes and clothes as soon as you return from any trips outside. Everybody should keep their house and surroundings clean and use alcohol-based products to cleanse ourselves and the goods we use to keep the contaminated virus away.
As the researches show that Covid-19 proves fatal only to those who have previous illness and problems, everybody must stay healthy to fight against it. Prevention methods should be taken all the time, like staying clean, keeping body fit, consuming nutritious foods, getting proper sleep, and avoiding unnecessary exposure to the outside world.
Rather than panicking, one must consult the healthcare officers as soon as symptoms like cough, fever, tiredness, and difficulty in breathing are seen. The proper diagnosis must be made in order to verify the status of the Covid-19 virus and instantly act to cure it if the infection of the virus is positive. Except for these cases, everybody should postpone their medical appointment so that they don’t get exposed to the infected people as well as the needy people can reach out to the doctors and medical services when it’s necessary.
It is in the nature of human beings to engage themselves in something that will take off their boredom and make them productive, like working, traveling, and interacting with people. Since the country is partially locked down, people cannot risk themselves to these things, which may result in mental stress.
To prevent oneself from getting their mind dull, they can engage in activities like reading books and articles. If you don’t have access to books, there are lots of online sites from where we can read thousands of books written by authors of different genres. An informative article can also boost your mind to be productive and give you a general sense of the state we are at now and teach the ways to overcome them.
One of the best ways to keep your mental health on track is to engage in extracurricular activities. Various indoor activities, like playing video games, reading books and articles, painting, and making handicrafts can be done so that your mind gets occupied. If you are bored by doing the same thing over and over again, watching movies and TV series will help you relax. Since everyone is connected to the internet, you can communicate with people and share your stories and experiences so that all will get inspired and motivated.
Since the government is taking preventive measures to control the spread of coronavirus, we as citizens must contribute to help them. Various hospitals and services are reserved by the government to cure infected patients, so nobody needs to stress out of the current conditions. The hospitals from where you can diagnose Covid-19 if you are suspicious are:
For information about coronavirus, call the Ministry of Health and Population’s toll-free hotline number 1115, available from 10 a.m. to 6 p.m.
or call 9851255839, 9851255837, 9851255834 from 8 a.m. to 8 p.m.
The Coronavirus that originated from Wuhan, China, has spread like wildfire. Recent data shows that it has taken the lives of more than 9, 000, and inflecting more than 200,000 people worldwide.
Schools, hostels, restaurants, hotels, and public spaces have been shut down and people are forced to stay inside the house until further notice in almost all parts of the world. The pandemic impacted nearly every industry globally in recent weeks affecting various programs and events around the globe.
Here are some of the significant events that got canceled due to the coronavirus outbreak.
The government and tourism department of Nepal authoritatively reported that Nepal would declare the year 2020 as Visit Nepal 2020. It is a year committed to the tourism industry with a vision of making a reasonable brand picture of Nepal as a travel and vacationer destination. It also focused on backing up the tourism foundations of Nepal, enhancing the growth of the tourism industry, and local tourism as a supportable industry.
Unfortunately, the Nepal Government requested all the travelers to postpone their travel to Nepal until the outbreak of the COVID-19 is controlled.
London Book Fair is a major annual trade fair that draws around 25,000 publishing professionals from around the world. On March 4th, Reed Exhibitions announced that the London Book Fair 2020, scheduled to take place at Olympia, London, from 10 to March 12th, would be canceled following the escalation of COVID-19 Coronavirus in Europe.
They had assured the participants that the fair would continue in 2021.
CERAWeek is an annual energy conference organized by the information and insights company IHS Markit in Houston, Texas. Delegates from over 80 countries were expected to participate in CERAWeek 2020. But on March 1, it was officially canceled, scheduled to take place in Houston on March 9-13.
CERAWeek will continue in Houston on March 1-5, 2021.
The ASEAN Summit is a biannual meeting held by the members of the Association of Southeast Asian Nations concerning the economic, political, security, and socio-cultural development of Southeast Asian countries.
President Donald Trump’s administration has postponed the summit, which was to be held in Las Vegas on March 14th.
Game Developers Conference is the largest developer-facing event in North America, which is only open to industry professionals. The event hosts Game Developers Choice Awards as well as presentations and exhibitions from many of the largest game companies in the world who use it to promote new games, discuss industry-facing events, and share knowledge.
After close consultation with associates in the game development industry and the community around the world, they postponed the Game Developers Conference from March until “later in the summer.”
With the cancellation of several events at Paris Fashion Week, organizers have called off Rakuten Fashion Week in Japan. The fashion events were closed off for the public and were broadcasted live on TV.
His Holiness The Dalai Lama’s personal physician, as well as consultants, have advised a postponement of all public engagement for the time and has canceled all his public engagements until further notice.
The ordination ceremony for monks was rescheduled and the officials said the announcement will be made shortly afterward.
MWC Barcelona is an annual trade show organized by GSMA, dedicated primarily to the mobile communications industry. Altogether about 100,000 people, including device manufacturers, network equipment providers, representatives of wireless carriers, the press, and local people, attend the show every year.
After exhibitors and companies pulling out of MWC, the organizers GSM Association (GSMA), has now canceled the event altogether.
Facebook F8 is an annual conference, intended for developers and entrepreneurs who build products and services around Facebook’s products and services. Facebook decided to cancel the annual meeting in San Jose, California, scheduled for May 5-6.
Facebook had previously canceled its March global marketing summit in San Francisco, also due to coronavirus concerns.
All the major sports organizers around the world such as National Hockey League (NHL), National Collegiate Athletic Association, National Basketball Association (NBA), Major League Baseball (MBL), PGA Tour, Major League Soccer, Union of European Football Associations (UEFA Champions League) and Football Association canceled the upcoming events and games until the Covid-19 is controlled.
Other events, such as the Indian Premier League (IPL) & Everest Premier League (EPL), are also postponed.
महाभारतको उद्योग पर्वमा भनिए अनुसार श्रीकृष्णलाई अर्जुनका केही कुरा साह्रै राम्रो लाग्थ्यो, जसका कारण अर्जुनले सदैव विजय हासिल गरे । अर्जुनका ती गुणहरूकै कारण श्रीकृष्णले महाभारत युद्धका क्रममा अर्जुनको साथ दिएका थिए ।
अर्जुनको स्वभावका यी कुरा सिकेर कुनै पनि मानिस राम्रो लीडर बन्न सक्छ । यी कुरालाई आत्मसात् गरेर दैनिक जीवनमा वा आफ्नो स्वभावमा सामेल गर्नाले मेहनतको पूर्ण फल मिल्नुका साथै हरेक काममा सफलता हात लाग्छ ।
बलं वीर्यं च तेजश्च शीघ्रता लघुहस्तता।
अविषादश्च धैर्यं च पार्थान्नान्यत्र विद्यते।।
अर्जुनसमान श्रेष्ठ धर्नुधर अरू कोही थिएन । अर्जुन जति फुर्तिले बाण चलाउँथे त्यति कसैले सक्दैनथ्यो, उनको जस्तो स्फूर्ति अरू कसैको हातमा थिएन । अर्जुनको यही गुणले उनलाई सर्वश्रेष्ठ धर्नुधारी बनाएको थियो । यसै गरी कुनै पनि कामलाई सही अवसरमा समय नगुमाईकन पूरा गर्ने कोशिश गर्नुपर्छ । यसबाट सफलताको सम्भावना वृद्धि हुन्छ ।
महाभारतमा यस्ता थुप्रै कथा छन्, जसले अर्जुनको बल र बुद्धि दर्शाउँ छन्। अर्जुनमा शारीरिक बलका साथ-साथै मानसिक शक्ति पनि निकै थियो । यसै कारण वजह उनी चलाखिपूर्ण नीति निर्माण गरेर दुश्मनहरूलाई जित्दथे। त्यसैगरी हामीले पनि कुनै काम गर्दा बुद्धि पूर्वक योजना बनाएर गर्नुपर्छ। जसबाट निश्चित सफलता प्राप्त हुन्छ।
भनिन्छ, हरेक काम गर्ने एक सही समय हुन्छ, यदि हामीले कुनै कुरामा निर्णय लिन ढिलाइ गर्यौं भने त्यसको अर्थ नरहनसक्छ । यो कुराको महत्व अर्जुनलाई राम्रोसँग थाहा थियो । उनी कुनै पनि काम गर्न त्यति बेर लगाउँदैनथे ताकि त्यस कामको महत्त्व नै सकियोस् । श्रीकृष्ण आफ्नो नीति सबै पाण्डवलाई बताउँथे तर त्यसलाई बुझेर सबैभन्दा पहिले लागू गर्ने अर्जुन नै हुन्थे । यसै गरी हामीले पनि कुनै मौका गुमाउनुहुँदैन । समयको महत्व बुझेर काम गर्नुपर्छ ।
श्रीकृष्ण स्वयंले गीता उपदेशमा अर्जुनलाई मोहमाया छाडेर आफ्नो कर्मलाई महत्व दिनुपर्छ भनेर सिकाएका थिए । त्यसपछि अर्जुनमा विषादहीनता वा कुनै पनि कुराले दुखी नहुने गुण विकसित भएको थियो । फलत: युद्धमा अर्जुन कुनै परिस्थितिमा विचलित भएका थिएनन् । उनी आफ्नो कर्म गर्दै रहे। यसैगरी हामीले पनि सुख, दुखभन्दा माथि उठेर, आलस्य छोडेर आफ्नो काम पूरै मन लगाएर गर्नुपर्छ ।
भगवान कृष्णका अनुसार, जुन मनुष्यमा धैर्य हुन्छ, ऊ स्वत: महान बन्छ । अर्जुन बुद्धिमान तथा शक्तिशाली हुनुका साथ-साथै धैर्यवान् पनि थिए । अर्जुनको जस्तो धैर्य जुन मानिसमा हुन्छ ऊ कुनै पनि काम हतारमा गर्दैन । धैर्यपूर्वक काम गर्दा बुद्धि भ्रमित हुँदैन र अवश्य पनि सफलता प्राप्त हुन्छ ।
पराक्रम अर्थात हरेक काम गर्ने क्षमता। महाभारतमा केवल अर्जुन नै यस्ता थिए, जो कुनै पनि चुनौती वा समस्याको सामना गर्न डराउँदैनथे । यसै गरी हामी पनि हरेक काम यसरी नै पूरा गर्नका लागि पराक्रमी हुनुपर्छ । अर्जुनले जस्तै गरी हामीले पनि पराक्रम देखाएर हर परिस्थितिको सामना गर्नुपर्छ ।
बुद्धि र पराक्रमका साथसाथै अर्जुनको व्यक्तित्व पनि प्रभावशाली थियो । नियम एवं संयममा बस्ने भएका कारण अर्जुनको तेज अति नै प्रभावशाली थियो। यसै गरी हामीले पनि नियम र संयम पालन गर्नुपर्छ जसबाट हाम्रो तेज बढोस् र व्यक्तित्व पनि प्रभावशाली बनोस्।