Posted by
Krishna Neupane on Monday, May 28, 2007 12:31:59 AM
Dear All:
As you all know I have been writing letters to editor
in defense of freedom. Few are published in Nepali language as well.
For obvious security reasons I have started using pseudonym 'Subarna'.
Here is the latest one published on Saturday (May 26th).
http://www.kantipuronline.com/kolnews.php?&nid=110662
Letters to the editor
'No Oil Corporation'Indeed
it would be justified if we call NOC "No Oil Corporation" (May 25).
NOC's inability to payoff the credit to the Indian Oil Corporation has
turned things chaotic here. The obvious reason for this is the
government is not consumer-friendly. It is, however, also the Indian
government which has been trying to capitalize on this crisis. The
clear solution to this problem is complete privatization of the energy
market.
It has to be understood that the IOC is using an economic
tactics of monopoly which is protected by the Indian government. When
politics is meddled with economy, there is bad repercussion.
The
root cause of this crisis is the government's illogical political
decision of regulating the energy market, which should have been left
in the hands of the private sector.
The best alternative in this
context is to deregulate the energy economy. It has good implications
in the economy, first to break IOC and NOC monopoly.
Secondly,
since the market is based on the supply and demand, it would enhance
competitiveness amongst private sectors. Thirdly, various international
energy giants will be interested in Nepal which will have multiplier
effect in the economy, especially employment creation.
Subarna
Minbhawan, Kathmandu
http://www.kantipuronline.com/kolnews.php?&nid=110662
--
Always
Krishna