Left gov­ern­ment's Dashain gift: Sky­rock­et­ing mar­ket price

People's Review - - FRONT PAGE - By Our Re­porter

Dashain, the great­est fes­ti­val of all Nepali peo­ple, has fi­nally be­gun. How­ever, the fes­ti­val is likely to bring more woes than hap­pi­ness to the peo­ple this time, thanks to the sky­rock­et­ing mar­ket price of ev­ery­thing. As the gov­ern­ment has com­pletely failed to con­trol the mar­ket price and the US dol­lar has be­come more pow­er­ful, the peo­ple in Kathmandu and else­where have been af­fected badly as they de­pend on im­ported goods for Dashain. On Mon­day, sell­ing price of one US dol­lar was fixed at Rs.118.80, which is the high­est value of the dol­lar against Nepali ru­pees. As Nepal’s econ­omy is im­port-based, de­pre­ci­a­tion of ru­pees re­sults in the in­crease of price of ev­ery­thing in the mar­ket. More­over, the prices of petroleum prod­ucts have soared in in­ter­na­tional mar­ket when the Nepali ru­pees de­pre­ci­ated the low­est against the US dol­lar. When the fuel be­comes dearer, ev­ery­thing will be more ex­pen­sive. The con­sumers have al­ready started fac­ing the ef­fect of this. They are find­ing it dif­fi­cult to man­age the fes­ti­val ex­pen­di­ture with their bud­get. “I came here to buy clothes for my kids, but I was shocked to see their prices,” a man was heard talk­ing with his friends at New Road. The prices of cot­ton clothes and other wears have in­creased com­pared to their prices last year. “I blew Rs.20,000 to­day to buy clothes for my hus­band and son, but the money was not enough to buy any clothes for me,” a school teacher said at Bhak­ta­pur out­let of Bhatb­hateni Su­per Mar­ket. Ac­cord­ing to her, she vis­ited the out­let be­liev­ing that goods are cheaper there. But she found other­wise. “A wind cheater cost Rs. 5,500 and a cot­ton shirt Rs. 2900 here,” she said. Same is the sit­u­a­tion in the veg­etable mar­kets. The re­tail­ers are sell­ing a kilo­gram of tomato at Rs. 120 whereas the whole­sale rate is just Rs. 60. Al­though the re­tail­ers are found sell­ing goods in­creas­ing their prices by 100 per cent, the gov­ern­ment has failed to con­trol such ac­tiv­i­ties. The sit­u­a­tion is no dif­fer­ent out­side the val­ley. Peo­ple in Bi­rat­na­gar and other cities have also com­plained about the un­ex­pected price rise in every item in the eve of Dashain. In­fla­tion on the eve of Dashain is shock­ing and has snatched away peace of peo­ple pre­par­ing to cel­e­brate the fes­ti­val. But the gov­ern­ment has done lit­tle to ad­dress the peo­ple’s woes. It seems the sky­rock­et­ing prices have been the gift of the pow­er­ful com­mu­nist gov­ern­ment to the peo­ple this Dashain.

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