Why India and Nepal Rank Low in Economic Freedom Index
On the face of it, economic freedom is a simple concept. However, it encompasses every aspect of an individual’s life. Economic freedom defines the standard of living and has a significant influence on the quality of life.
The History and Modern Forms of Baccarat
Which is the game whose dealings end up influencing the annual turnovers of major casinos across the globe? Which game is the favourite of the ‘high rollers’ or the casino’s crème de la crème? It is the game that was once a penchant for the French royalty and has been shown in most of the Bond movies. Yes, ladies and gentlemen, it is Baccarat.
Some of the Best Casinos Across the Globe – Part II
Casino gaming has a long and eventful history. The industry stops for breath once in a while, but its contribution to the inflow of tourists and foreign currency as well as tax revenues cannot be overlooked. Yes, it is continuously in the spotlight of government regulations, but an increasing number of countries are embracing the opportunities the casino industry has to offer.
More recently, Macau has become the epicenter of the global casino industry. However, visiting Las Vegas still remains the dream for most casino lovers. The EMEA (Europe, the Middle East and Africa) region also has its share of magnificent and exciting casinos.
In my previous article, which you can read here, I covered some of the best casinos in the Eastern part of the world. Here, I have described some of the most exciting casinos in Las Vegas and the EMEA region. There is also one casino from Nepal that finds a mention in this article.
Are the Ministries Gambling with Nepal’s Future?
Nepal’s Tourism Ministry, which had backed allowing Nepalese citizens to enter local casinos sometime back, has taken a summersault and back tracked completely. So much so that the ministry now seeks to put a ban on the entry of Nepalis into casinos, as stated in a draft released by the Ministry of Culture, Tourism and Civil Aviation (MoCTCA).
What Lies Between Nepal and Economic Growth?
Nepal is among the poorest nations in the world. It ranks 157 out of 187 countries on the Human Development Index, with approximately 25% of its population living below the poverty line. According a World Bank report, the country’s
Rakesh Wadhwa. Ever since, I was a school boy, I knew India was on the wrong path. Socialism was just not what we needed to get ahead. Government controlled our travel; government controlled our ability to buy and sell; and government controlled our freedom to move our money. My life has focused on the inherent rights people have. When I was in college, I never understood, what the governments meant by their "socialistic attitude". If people are free to buy, sell and move their capital themselves without any restrictions by state, then the welfare of people is inevitable & hence the countries they live in will become wealthy. The government has no right whatsoever, to point a finger at me or my business. I am not a revolutionary. I just want to light up my cigarette and not get nagged about it. I believe in non-interfering attitude to attain more. 
The Bastiat Award is a journalism award, given annually by the International Policy Network, London. Bastiat Prize entries are judged on intellectual content, the persuasiveness of the language used and the type of publication in which they appear. Rakesh Wadhwa won the 3rd prize (a cash award of $1,000 and a candlestick), in 2006.
What the readers are saying…