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September 2017

Quality Matters

Quality Matters

What satisfies the perception of an end-consumer constitutes quality. This is not only true for all products and services that commercial enterprises provide but also for the public goods and . . . Read more »


September 2017

Contract Farming : A New Model for Food Security

Contract Farming : A New Model  for Food Security

The definition of contract farming focuses on the coordination between the different parts of a supply chain, involving various participants and contract . . . Read more »


September 2017

Second Pillar : Success Narratives

Second Pillar : Success Narratives

The axis of the series of articles in the past few months has been sustainable development and the role of the Second Pillar and Foreign Aid dynamics. The success narratives of each of these should . . . Read more »


August 2017

Managing Change Managing People

Managing Change Managing People

“Change is inevitable” – there is no argument about it. The only thing is how it’s creeping into our lives. When we look around, we see changes have happened and are still happening. Perhaps, . . . Read more »


August 2017

Second Pillar : Private Sector in Development

Second Pillar : Private Sector in Development

As the different elements of a Post 2015 Development gradually emerge there is at least one element that seems almost pre-ordained. That is, the private sector will have a feature role whether it . . . Read more »


July 2017

Human Resource Development Issues in a Business Organisation

Thousands of pages have been written on this subject by experts universally published in management journals and books; classes have been conducted in all MBA schools on the issues confronting human resource managers the world . . . Read more »


July 2017

Does Financial Market Need Further Reforms?

Does Financial Market Need Further Reforms?

The Nepali financial system consists of banking and non- banking institutions. The banking sector is like a fountain headed by the Nepal Rastra Bank (NRB) as the central bank and then the commercial . . . Read more »


July 2017

Optimistic, Irrational or Questionable?

Optimistic, Irrational or Questionable?

In 2015, a change in NRB’s Monetary Policy mandated banks and financial Institutions (BFIs) to increase their paid-up capital by almost four times. With the deadline for the paid-up capital hike . . . Read more »


July 2017

How to become a Millionaire Realistically

How to become a Millionaire Realistically

Simply, compound interest is the interest earned from the interest reinvested. Investopedia defines compound interest as "the interest calculated on the initial principal and also on the accumulated . . . Read more »


June 2017

Federalism a Necessity, Not a Choice

The fact that Federalism is not fully understood by the masses has been taken advantage of by a section of opinion makers who oppose it, citing the lack of financial resources to sustain many provinces. . . . Read more »


June 2017

Foreign Aid Dynamics

Foreign Aid Dynamics

Success is a pathless territory, Success means different things to different players, Success is the amount of funds given, Success is the number of persons employed, Success is measurable in change, . . . Read more »


June 2017

Startup Policy for Changing Entrepreneurial Scene

Startup Policy for Changing Entrepreneurial Scene

From providing community level solutions in rainwater harvesting, hazardous hospital waste management, selling a pizza at just Rs 100, manufacturing bricks using eco-friendly techniques to urban . . . Read more »


May 2017

Teamwork : Easier Said Than Done

Teamwork : Easier Said Than Done

Not being able to work in a team goes against the professional career of an individual. All the interviews for any post or position are aimed at finding if the interviewee is a team worker or not. . . . Read more »


May 2017

The Second Pillar : CSR in the Development Dialogue

The Second Pillar : CSR in the Development Dialogue

The careful reader would have noticed that the last few articles read like two strands intertwining much like the double helix band outlining the nature, the role, the work and the outcome of foreign . . . Read more »


May 2017

Net Neutrality- Not Yet a Curse

Net Neutrality- Not Yet a Curse

The term 'Net Neutrality' might appear as something new, but it was coined 13 years ago in 2003 by Professor Tim Wu of Columbia University. This principle explicates that the internet should be . . . Read more »


April 2017

Growing Interest in Stock Market Investment

Growing Interest in Stock Market Investment

Who doesn’t want to make money without much effort? Perhaps the stock market is seen in that way by many Nepalis, seemingly emphasised by its sudden growing attraction. After all, someone investing . . . Read more »


April 2017

What is Ailing the Economy?

In the euphoria surrounding sustainable high growth, we generally tend to overlook the mistakes committed by policy makers during the period of liberalisation. We should never forget the economy is not something that is beyond our . . . Read more »


April 2017

Tax Policy and Administrative Challenges

Tax Policy and Administrative Challenges

The low level of trust among tax payers and tax authority has weakened the tax administration of Nepal making it harder to comply with tax laws. . . . Read more »


April 2017

Fintech Putting Traditional Banks Under Pressure

Fintech Putting Traditional Banks Under Pressure

Fintech companies provide users with a myriad of services that some traditional banks are still struggling with. Some of these services include using peer to peer sharing of money with a click on the . . . Read more »


April 2017

Digital Economy : Nepal's Prospects

Digital Economy : Nepal's Prospects

Digitalisation is using electronic technology to change texts into electronic forms. We can also say that digitalisation is the process of adopting information technology to generate accurate . . . Read more »


April 2017

Foreign Aid Dynamics

Foreign Aid Dynamics

Foreign aid is a relatively new concept in economics. The classics like Adam Smith, David Ricardo, and Stuart Mill for example, did not address the subject in any significant way. If anything, . . . Read more »


April 2017

Corporate Governance

Corporate Governance

Governance is taking the centre stage in most of the discussions on public welfare issues vis-à-vis the state because despite good strategy programmes and adequate budgets, the implementation of . . . Read more »


March 2017

Rating Kathmandu’s Regulators

Rating Kathmandu’s Regulators

This rating is undertaken on the basis of available public documents and research with a detailed survey done on the basis of the "Kathmandu Rating Standards". The standards were developed after . . . Read more »


March 2017

Is Real Estate a Trading Item?

Is Real Estate a Trading Item?

Real estate refers to immovable property such as land, house or any type of building or infrastructure used for either residential, business or other purposes. Real estate is an asset with limited . . . Read more »


Feb 2017

Foreign Aid Dynamics
Humanitarian or Development ?

<p>Foreign Aid Dynamics<br /> Humanitarian or Development ?</p>

Development work is funded in three to-five-year cycles, and Humanitarian aid comes with conditions that require money to be spent in six-to eighteen . . . Read more »


Feb 2017

Capital Market and Role of Central Bank

In the recent period, stock market boom and bust have been important factors in macroeconomic fluctuations in both the developing and underdeveloped countries. In light of this experience, how or when, if at all, should central bankers respond to such . . . Read more »


Jan 2017

Developing Nepal as a Retirement Country

 Developing Nepal as a Retirement Country

These days it seems like every Nepali is anxious to leave Nepal and find a job elsewhere. But did you ever realise that many of our foreign visitors would actually like to retire and live in Nepal? . . . Read more »


Jan 2017

A Boost of Electricity

A Boost of Electricity

Nepal is almost 25 years behind in generating electricity. There is huge potential here to generate electricity, not only hydro based electricity, but also other clean energy using wind and solar . . . Read more »


December 2016

Disaster Management A Broad Perspective

Disaster Management A Broad Perspective

It is reported worldwide that aid whether food, medicines, clothing etc donated during natural calamities or other types of disasters reaches the target group only 20-25 percent of the time and the . . . Read more »


December 2016

Pushing Boundaries and Circular Economies

Pushing Boundaries and Circular Economies

The decades old economy model of take-use-dispose is being replaced by a take less-use to optimum-eliminate disposal one. The search, experimentation and success of models that are restorative and . . . Read more »


December 2016

Capabilities Based Competition

Capabilities Based Competition

We are aware of the fact that the story of Kmart and Wal-Mart illustrates the newer dimensions of competition during the 1990s. It has been noticed that in one after another of the industries, . . . Read more »


September 2016

Piracy, Money and Greed

While artists want the audience to buy their work so that they can make money, the audience would rather spend the money on chicken for . . . Read more »


August 2016

Monetary Policy 2016/17: Highlights and Issues

Monetary Policy 2016/17: Highlights and Issues

Nepal Rastra Bank (NRB) unveiled the monetary policy for the fiscal year (FY) 2016-17 last month. It has been a formal practice in most of the countries that the central bank introduces Monetary . . . Read more »


August 2016

Women Can Succeed!

Women Can Succeed!

Namrata Shrestha owns her own bar at Lazimpat. She is an entrepreneur. Had she not been an actor, her name would not be listed. Her entrepreneurship is known because she is an . . . Read more »


June 2016

Human Rights Violations in the Corporate World

Human Rights Violations in the Corporate World

Wal-Mart's revenue exceeds the GDP of more than a hundred individual countries of the world, showing how the corporate world is getting stronger than the state . . . Read more »


June 2016

A Half Finished Canvas

An artist never gives up until the canvas is filled with the dreamed of colours. At present, the Lanzhou-Shigatse-KTM route is like a half finished . . . Read more »


May 2016

Ending Monopoly Creates Attractive Market

You don't have a choice, either buy it, or stay out of it. You won't get any other option except this! This is called a Monopoly Market. When you have just a single vegetable shop in your locality, the seller is free to shape the price of vegetables on the basis of the area’s demand and . . . Read more »


May 2016

Banks Face Stiffer Capital Rules

History shows that it was never easy for regulators in any country to determine as to how much capital was needed to strengthen the financial foundations enough to support economic growth in the face of varying challenges. It became more difficult as financial innovations spread, leading to the 1988 adoption of model rules by a group of central banks and regulators that was based in Basel, Switzerland. . . . Read more »


April 2016

Are We Lagging Behind in Social Media?

Are We Lagging Behind in Social Media?

Many of our sectors have failed to open up accounts on social media. While Coca Cola owns Youtube, Nepal’s business houses seem to be way back even with their Facebook . . . Read more »


March 2016

To Make Nepal Developed

When suddenly there is a general strike called by any political party, people say that there is nothing left in Nepal to develop as all politicians and bureaucrats are corrupt. But nobody gives an objective analysis based on historical and present facts. . . . Read more »


March 2016

Women and Work

Women and Work

Ariana Huffington, Marissa Mayer, Sara Blakely, Sheryl Sandberg are successful business women whom we applaud and look forward to and indeed some of these women are my heroes. These women have . . . Read more »


March 2016

External Resource Mobilisation for HEP

 External Resource Mobilisation for HEP

A least developed and sixteenth poorest country of the world as classified by HDR 2013, Nepal, a subsistence farming based economy, is still suffering from the legacy of a decade long conflict . . . Read more »


February 2016

Is Nepal Really Inviting and Promoting Foreign Investment?

 Is Nepal Really Inviting and Promoting Foreign Investment?

A few days ago, the Bangladesh Chamber of Commerce held its "Nepal Bangladesh Business Forum” in Kathmandu. I was one of the participants. There were more than 60 businesses that had come from . . . Read more »


February 2016

Internal Resource Mobilization for HEP

Internal Resource Mobilization for HEP

Nepal is enriched by four river basins- Kosi in the east, Gandaki in the west, Karnali in the mid-west and a border river Mahakali in the far west. A sloppy mountain topography facilitates these . . . Read more »


January 2016

South Asia’s Vital Need for Electricity

South Asia’s Vital Need for Electricity

South Asia is home to over one billion people. A majority of them are living without access to electricity. Electricity is an essential prerequisite not only for modern life but also to power . . . Read more »


January 2016

Remittance : A Blessing and a Curse

Remittance : A Blessing and a Curse

Running a country through remittances can be an easy way to move ahead, but it comes with a price. Every day, 1500 Nepalis fly out from Tribhuvan International Airport for jobs abroad. The . . . Read more »


December 2015

Financial Inclusion in Nepal : Role of Microfinance

Financial Inclusion in Nepal : Role of Microfinance

Everyone of us agrees that financial inclusion is the prerequisite for inclusive growth.Inclusive growth in our terms is making sure that every Nepali is included in equitable growth. Financial . . . Read more »


November 2015

Political, Economic Unrest and the Youth

There are about three million Nepali youths currently working in the Gulf and other countries. About 55 percent of Nepali households have at least one family member outside the . . . Read more »


November 2015

The Indian Economic Blockade and Nepal’s Strategic Rethink about its ‘Special Relations’

The Indian Economic Blockade and Nepal’s Strategic Rethink about its ‘Special Relations’

The first ever MOU signed between Nepal and China for importing fuel will go down in history as a veritable turning point. It will not only have ended the Indian monopoly but, significantly, opened . . . Read more »


October 2015

From Quake to Take Off

With, corruption, inequality, and injustice prevalent as anywhere else in the world, Nepal and the Nepali economy can hope to thrive only when burning issues like these are resolved and entrepreneurship is widely . . . Read more »


October 2015

Foreign Aid and FDI in HEP Development

Nepal’s deficient economy has always lacked the ability to invest in projects that require huge investments. The basic industries have been established in Nepal with the investment of foreign governments. A number of key industries were established by FDI. The primary goal of these foreign investments was to make the country . . . Read more »


September 2015

Challenges and Opportunities in HEP

Challenges and Opportunities in HEP

Most argue that hydropower projects should be undertaken in a holistic manner using our own resources. However, it is easier said than done. The reality on the ground is . . . Read more »


September 2015

Indian JVs in Nepal

Indian business houses like ITC, Uniliver, Pepsi, SBI, Kansai group, National Insurance, Asian Paints, PNB, Dabur, among others are present here in Nepal. They generate an annual turnover of around USD 600 million and provide employment to more than 30,000 families directly or . . . Read more »


August 2015

Defaulters Vs Bad Debtors

Defaulters Vs Bad Debtors

While gossiping over tea with some friends from banking and business, one of them joked, “Financial institutions have been enjoying all sorts of privileges like Jamindars (landlords) and in . . . Read more »


August 2015

Social Issues in Hydropower Development

Social Issues in Hydropower Development

Maintaining and developing water resources requires significant public and private investment. Since resources are scarce, right investment decisions should be made from an economic point of view. . . . Read more »


August 2015

Old Policies and Programmes Continued

Old Policies and Programmes Continued

The government has prioritised the reconstruction of structures damaged by the April earthquake in its policies and programmes for the new fiscal year. The document, presented by President Ram Baran . . . Read more »


July 2015

Personal Guarantee as Additional Security

The prevailing practice of asking for personal guarantees from the shareholders needs a clear rethink by all involved parties like banks, entrepreneurs, investors, regulators and . . . Read more »


July 2015

The Game of Under-Invoicing

The Game of Under-Invoicing

Government agencies as well as the business sector seem to be loudly railing against the trend of under-invoicing. Both agree that under-invoicing equals a great loss in revenue, as well as an . . . Read more »


July 2015

Breaking the FDI Barrier in Hydropower

Breaking the FDI Barrier in Hydropower

Commitment, devotion, responsibility, accountability and self-determination are needed. In the absence of these attributes no country can successfully attract . . . Read more »


July 2015

Reviving Nepal’s Economy

Reviving Nepal’s Economy

Reviving Nepal’s economy after the earthquake necessitates a development paradigm shift, from the aid dominated one to new principles, namely economic nationalism, national self-reliance, local . . . Read more »


July 2015

The SAARC Growth Quadrangle

Just as Nepal faces this development dilemma so also the same is being felt by Bangladesh, Bhutan and India which together comprise the world's premier poverty belt. The estimated population of the growth quadrangle is around 500 million . . . Read more »


June 2015

India’s Public Policy : A Roadmap for Nepal

​India has undergone various transitions and emerged as one of the fastest growing economies. Although different nations, the core issues in formulating public policies remain largely similar for Nepal. The Indian experience retains key lessons that Nepal could invariably benefit . . . Read more »


June 2015

Lessons from Chile, Haiti, Gujarat and Japan

The Chile earthquake of 2010 killed more than 500 people. It had a huge impact on the country’s tourism, fishing, forestry and wine industries. Damages to seaports caused a short-term market loss where it became tough to balance supply and demand. Depreciation of the currency and inflation, followed by low demand for exports, weakened the country’s economy . . . Read more »


June 2015

Business Ethics after the Earthquake

Some businessmen are likely to prey on the vulnerability of the affected, imposing higher prices. Such a state of price inflation is known as price gouging, the act of increasing the price in seemingly unfair . . . Read more »


June 2015

Harnessing Nepal’s Hydropower Potential

As the mighty rivers flowing through Nepal are shared by four sovereign countries, power sharing would be the best option for all in order to benefit from the hydropower potential of the Himalayan . . . Read more »


June 2015

Strategies for Activating the Economy

​Of vital importance in the short and long term is that a common minimum understanding in politics must be shared between all concerned players. High-quality management and an entrepreneurship culture must be promoted and fully . . . Read more »


May 2015

The Science of Prediction - Market Forecast

JP Morgan was not the first or the last person who used astrology for his important business decisions. In our day to day life some way or the other, all of us had used this divine science of astrology to make certain decisions but very few of us know that this divine science of astrology can be used very effectively to forecast the trend of stock and commodity . . . Read more »


May 2015

Indian Cooperation in Hydropower Development (2)

Popular people’s movement of 1990 disposed the Panchayat Raj in an astray. It helped in restoring the multiparty political system abducted in 1960. Changed political circumstances changed the economic policy of the regime. The new economic policy stressed on paving way for liberal economic system. It considered the involvement of the private sector vital for the development of Nepali economy. . . . Read more »


April 2015

IPO Experience in Nepali Capital Market

​In the two IPOs, about Rs 7.5 billion of public money has been deposited. Out of this, only Rs 57.6 million will be utilized as capital which is less than 1 percent of the deposited fund. The remaining 99 per cent will be refunded after nearly two . . . Read more »


April 2015

Capital Market, Regulatory Lapses and Role of SEBON

​It is clearly evident that SEBON did not learn the lesson from CHCL case and allowed allotting the share of Upper Tamakoshi Hydropower Project Limited (UTHPL) to the employees of lender institutions like Employment Provident Fund . . . Read more »


April 2015

Indian Cooperation in Hydropower Development

In connection to hydropower development, Nepalis believe that Indians placed higher importance on extending irrigation facilities rather than generating electricity. Subsequently, the collaboration resulted in the construction of the Tanakpur . . . Read more »


March 2015

Need for Sustainable Service Model to Promote Agriculture Insurance

​Agricultural crop insurance is a restricted instrument in that it only addresses production and yield losses because of weather and natural risks, providing limited coverage for the growing crop from the time of sowing or crop emergency through to completion of . . . Read more »


March 2015

Contribution of Foreign Aid in Nepal's Economy

All development activities in Nepal, small or big, have largely been influenced by foreign aid. Aid in the form of grants played an important role in the construction of infrastructure projects and in the establishment of some of the key basic industries in the . . . Read more »


February 2015

Revenue Mobilization:Policy Challenges

Nepal as a low-income country is characterized by typical features like dependency on agriculture, income from remittances and fragility. As remittance from workers abroad and a good harvest contributes a major portion of the GDP, there are significant weaknesses in government . . . Read more »


February 2015

Impact of Remittance on Import in Nepal

With remittances, an economy can spend more than it produces, import more than it exports or invest more than it saves, and this might even be more relevant for small economies. . . . Read more »


January 2015

Infrastructure Development in Nepal: More Issues

In this article, retired Justice Upreti discusses some additional issues that hinder Nepal's infrastructure development. Some other issues were discussed in his article that appeared in December 2014 issue of . . . Read more »


January 2015

Inequality – Plight to Economic Growth

​While developing and under-developed countries are struggling to meet the targeted economic growth and lower the inequality index, the developed nations are also affected by rising . . . Read more »


December 2014

Infrastructure Development in Nepal

It is very hard to find a generally agreed definition of infrastructure even though economists in their early works stressed that transport infrastructure is crucial for economic development. Infrastructure is usually understood as basic public infrastructure, . . . Read more »


December 2014

Policy and Legal Aspects of Infrastructure Development in Nepal

There is an intrinsic relationship between the law and the pace of infrastructure development. A solid, clear and predictable legal and policy regime forms the foundation for infrastructure development. . . . Read more »


December 2014

Fast Track Strategy for Fast Track Highway

Historically, the Kathmandu Valley was connected to India through a trade route: Thori of Parsa– Hetauda – Bhainse – Bhimphedi – Khulekhani – Chitlang – Chandragiri Pass to Thankot in Kathmandu. Later on, Raxaul was connected with the Indian . . . Read more »


December 2014

IFRS Compliance: Challenges for Nepal

The world seems to be uniting under a single financial reporting language. International Financial Reporting Standards (IFRS) is becoming the universally recognised accounting standard in a multitude of jurisdictions across the globe. . . . Read more »


November 2014

PTA: Milestone in Nepal’s Hydro-Power Development

Nepal and India have signed the much-awaited Power Trade Agreement (PTA) on 21st of October in Kathmandu and paved the way for the free trade of electricity between two countries. After one and half months of the initial signature, Rajendra K Kshatri energy secretary of . . . Read more »


November 2014

Need for Green Banking

The attack of human beings on nature is the cause of environmental deterioration. This deterioration is leading to global warming and climate change. It has been noticed that the temperature has risen up by 1 degree Fahrenheit in comparison to the previous . . . Read more »


November 2014

Old Age: Policy Paradigms

Old age is a vital event of human life. Even though it comes enriched with loads of hard earned experience and expertise, it is not cherished like childhood. Government policies along with social practices treat old-age people as liabilities and in doing so . . . Read more »


November 2014

From Transport Corridors to Economic Corridors

When we speak of Nepal as a 'transit economy', we have in mind the provision of land transport infrastructure providing various modes of transportation such as railways, highways, waterways, rope ways, pipelines, gas lines, electricity grids and fiber optic . . . Read more »


October 2014

NTIS REVIEW Hopes Shadowed by Doubt

The latest statistics shows that Nepal's trade deficit and national budget size is equal around 600billion rupees. In this context, Nepal trade integration strategy–2010 (NTIS) is being reviewed after four years of implementation. This is the first time that government is planning . . . Read more »


October 2014

Dynamics of Interest Rate

. . . Read more »


September 2014

Resolution of Bank and Insurance Company Failure

Nepal took initiatives to create the legal infrastructure required for the implementation of economic liberalization policies mostly during 2005-2006. This period saw introduction of the Insolvency Act 2006 and Secured Transaction Act 2006. . . . Read more »


September 2014

Mediation Way

Nepal Inc. is finding mediation way for dispute resolution more effective that than fighting it over in the courts. . . . Read more »


Leave Corruption Alone

Leave Corruption Alone

By Madan Lamsal

Recently, a South Korean court sentenced the vice-chairman of Samsung Electronics to five years in prison, pronouncing him guilty of bribery, embezzlement and perjury. Former South Korean President Park Geun-hye was impeached in connection with the same case of . . . read more »