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Cover Story

The Himalayan Power Revolution In The Making

Almost all stakeholders of Nepal’s hydropower sector are highly encouraged and enthused by the signing of the Power Trade Agreement (PTA) between Nepal and India and the Power Development Agreement (PDA) between Nepal government and India’s GMR and Sutlej for the development of the 900MW Upper . . . Read more »

Biz Launches

Biz Launches December 2014

Ncell is organizing an international musical event titled Purple Fest on December 13. Ncell Purple Fest will feature Nepali and Indian celebrities like Kapil Sharma, Sonu Nigam, Sugam Pokhrel, Yama Buddha and others in musical and comic . . . Read more »

Banking Activities

Banking Activities December 2014

Civil Bank has started its third Branchless Banking service in Rumjatar of Okhaldhunga through Rumjatar Savings and Credit Co-operative Limited. The service was inaugurated by Senior Executive Officer of the Bank Govinda Gurung. . . . Read more »

Tech Talk

Tech Talk December 2014

International Mobility Solutions (IMS), the authorised distributor of Samsung mobiles in Nepal has introduced two new android handsets Grand Prime and Core Prime in the market. Grand Prime is powered by 1.2 GHz quad core processor and has 1 GB of RAM. . . . Read more »

Tourism and Aviation

Tourism and Aviation News December 2014

Hyatt Regency Kathmandu organised the annual Christmas cake-mixing ceremony on 24th November with the participation of all departments of the hotel. The ceremony is part of an age-old Christmas tradition of cake mixing while making wishes for the New . . . Read more »

Global Business Trends

Global Business trends December 2014

China's central bank unexpectedly slashed interest rates on 21st November, Friday, to re-energize the world's second largest economy, joining a growing list of major economies that are trying to encourage growth in the face of a global slowdown. . . . Read more »

Business Education

Studying to Become a Chartered Accountant

With rapid changes in economy and the growth of the country’s private sector, demand for professional managers in the market has also grown. It is not only managers or the student of management that are in demand nowadays, also students of chartered accountancy (CA) . . . Read more »

Business Education

Nurturing Brand Equity for Business Schools: A Practical Road Map

It is the era of differentiation and of clarity in communication. If targeted audience do not uniquely perceive a product or service, it can never become a brand. Such perception can only evolve if brand custodians make concerted and protracted use of seamlessly integrated marketing . . . Read more »

Stock Taking

Ups and Downs in Nepali Stock Market

Ups and downs in the indicators of the stock market are a regular phenomenon. The market goes up when more investors exercise for buying stocks and slips down when more investors are in the mood to sell their shares. If they quickly want to exit from the . . . Read more »

Stock Taking

Technical Analysis Monthly (Oct 20 – Nov 20)

Since Nepse peaked at 1083.55 points on July 21, 2014, the stock market has been following a bearish pattern. Though the markets stabilized and saw a 2.88% rebound during the last trading period, overall Nepse has continued its downward . . . Read more »

Stock Taking

Market Dips to 6 Months Low

The stock market of Nepal plunged to 6 months low in the review period as gloomy political winter cooled investors’ sentiment. The Nepse index lost 61.84 points or 6.69% to rest at 862.5 while the session’s high was on 27 Oct with 935.01 and lowest was on 18 Nov with 844.06. . . . Read more »

Gadget Focus

Gionee Elife S5.1: Amazingly Thin, Gracefully Powerful

Crowned by the Guinness World Records as the 'World's Thinnest Smartphone,' Gionee Elife S5.1 is all set to hit the Nepali market. With thickness of just 5.1 mm, the handset is amazingly ultrathin. The latest handset by the Chinese smartphone major . . . Read more »

Development Partners

OBA-MSWM: For Sustainable Waste Management

The Output-Based Aid in Municipal Solid Waste Management (OBA-MSWM) has completed one year of launching the project though the agreement was signed about four years ago. Though the project is said to be beautiful on paper, it is yet to be fully implemented as it aimed to do . . . Read more »

Personality

A Dreamer’s Chronicles

“Success comes to those who dream with open eyes,” says Ganesh Prasad Lath, Director of Ganesh Trading Centre and former President Birgunj Chamber of Commerce and Industries (BICCI). With business involvements in manufacturing and import-export, . . . Read more »

Interview

“Nepali tourism can sustain all the upcoming hotels”

B K Shrestha, Managing Director of Oriental Hotels Ltd that operates Radisson Hotel in Kathmandu has been in the tourism industry for more than four decades. He is also the incumbent President of Hotel Association Nepal (HAN) and has served as Vice Chairman of Nepal . . . Read more »

Spine Column

Pregnancy and Back Pain

Half of all pregnant women can expect some back pain. The back pain in pregnancy is due to the added weight of the fetus and the intrauterine contents. Also, the increase in the abdominal girth shifts the center of gravity of the body forward, causing additional strain on the back. . . . Read more »

Economy and Policy

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 »

Economy and Policy

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 »

Economy and Policy

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 »

Economy and Policy

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 »

Business Visitors

“The idea of Himalayan Consensus can be owned by SAARC”

Laurence Brahm is the founder of Himalayan Consensus, a non-governmental organisation for protecting ethnic diversity, culture and environment. The organisation is a member of the United Nations Theme Group on Poverty and Inequality, . . . Read more »

Business Visitors

“We want hugely beneficial relationship with Nepali consumers”

Rory Bluett is the brand ambassador of Jameson Whiskey to Northern India. He was recently in Nepal to conduct some tasting sessions in Kathmandu and Pokhara. . . . Read more »

Nepal Politics

Derailing Democracy

Throughout Nepal's seven decade long modern political history, the biggest problem to institutionalize democracy has been sheer absence of democratic essence among the political actors - political parties and politicians, both. . . . Read more »

World Focus

Oil Market Volatility : Fifth ‘Oil Shock’ on the Horizon

Unnerved by the spectacular fall in oil prices, the global market is struggling to shake off the recent rout. After hitting USD 115 per barrel on June 19, Brent crude, the global benchmark, has plunged more than 30 per cent . . . Read more »

18th Saarc Summit

Leaders Reiterate Commitment for South Asian Economic Union

The 18th Summit Meeting of the leaders of the South Asian Association for Regional Cooperation (SAARC) concluded in Kathmandu on November 27, endorsing a 36-point Kathmandu Declaration. The Declaration has, among other decisions, expressed a renewed . . . Read more »

Biz News

Business News December 2014

Plast Nepal 2014, the first plastic expo of Nepal concluded in the capital recently. The three-day expo was organised from November 14 at Bhrikuti Mandap Exhibition Hall, . . . Read more »

Management Gyan

How Important Is Organisational Integrity in Modern Day Business?

Business ethics is a specialised study of moral right and wrong that concentrates on moral standards as they apply to Business institutions, organisations and . . . Read more »

Management Gyan

Don’t Let Understaffing Kill Your Business

Most managers deliberately try to keep few staffs than actually required in order to cut off cost and widen profit bracket. . . . Read more »

Management Gyan

The Power of Apology in Successful Leadership

“I regard apologizing as the most magical, healing, restorative gesture human beings can make. It is the centrepiece of my work with executives who want to get better.” - Marshall Goldsmith, American leadership . . . Read more »

Biztoon

Biztoon December 2014

Biztoon December . . . Read more »

Voices

Voices December 2014

“Nepal is on the track to economic . . . Read more »

Feedback

Feedback December 2014

New Business Age’s November issue cover story has given a whole picture of the Nepali start-ups. The status of start-up businesses and their growing presence in the national business environment indicates the increasing interest of people . . . Read more »

No Laughing Matter

Rule of Dogs

I have no intention of passing any derogatory remark on this faithful, trustworthy, friendly and beautiful animal called dog. With due apology to it, allow me to uncover some of present day Nepal's great eco-political mysteries with the help of this metaphor. . . . Read more »

From the Editor

A Matter of De-Materializing It

Nepal's share market index, Nepse is performing reasonably well since the formation of Nepali Congress led government. It is now hovering between 850 and 900 for sometimes now. Among many welcome developments, the plan to dematerialize (demat) the physical share . . . Read more »

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Nepal in the Throes of Indian GST
After years of exercise, India finally implemented the goods and services tax (GST) from July 1, this year. That too by amending its constitution in the middle of the night! Those who think that the issue of constitution amendment crops up in Nepal only now know that it happens in India as well. In . . . read more »