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Cover Story

Rising From The Rubble

The devastating 7.6 local magnitude (ML) Gorkha earthquake which struck Nepal on April 25 and the subsequent aftershocks have caused more than 30,000 casualties including over 8,600 deaths. In addition to this tragic loss of human lives, the economic toll of the quake is immense. Tourism, . . . Read more »

Cover Story

Assessing the Impact of the Great Earthquake

Forty-one percent (7,532) schools out of 18,289 were completely destroyed in 49 districts, but 4,650 schools are affected in 14 major-hit districts. 2,106 toilets and 1,363 drinking water fountains in schools were also . . . Read more »

Cover Story

The Cost of the Earthquake in the Districts

Fourteen of the country’s 75 districts were hit hardest by the quake. Districts like Dolakha have been completely devastated. However, even districts where the physical damage is quite low, such as Rupandehi, are facing the economic fallout. . . . Read more »

Economy and Policy

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 »

Economy and Policy

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 »

Economy and Policy

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 »

Economy and Policy

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 »

Interview

“The next challenge is the preliminary rehabilitation of the quake-affected people”

The National Planning Commission (NPC) has prepared a plan for the rehabilitation and reconstruction of the country following the earthquake. Janardan Baral and Shakuntala Joshi of New Business Age talked to NPC Vice-chairman Prof Dr Govind Raj Pokhrel on various aspects of the plan. . . . Read more »

Book Review

Calming Children in Times of Crisis

The April 25 7.9 magnitude earthquake and its aftershocks have badly bruised the body and spirit of Nepal. Over 8000 lives have been lost, according to official estimates. The number of disappearances is unknown but frightening. One has no idea of what lies under the debris of nearly 800,000 destroyed and damaged . . . Read more »

Economy and Policy

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 »

Spine Column

Indy 500, Steak and Pork Ribs

An advice to all visiting America, pork ribs and steak are a must! Fruits and vegetables are costlier hence people tend to eat junk and fast food which are relatively . . . Read more »

18th Saarc Summit

National Government : An Unwelcome Distraction

Politicians are talking about forming a national consensus government in the aftermath of the earthquake. However, such a government is neither practical nor democratic nor desirable. . . . Read more »

Business Visitors

“We are seeing a lot of demand for Office 365 and cloud services”

Microsoft, the world leader in software technologies, has launched the Office 365 in Nepal. The new Office is a subscription-type package that consists of software plus services providing productivity software and related services to its users. Users can now access the services online through their PCs and mobile devices as the company provides storage on its cloud service. . . . Read more »

Tourism and Aviation

Tourism News June 2015

The government has decided to re-open the country’s world heritage sites for tourists from June 15. An official opening programme will be conducted in Kathmandu at Durbar Square, said Nepal Tourism Board. . . . Read more »

Banking Activities

Banking Activities June 2015

Lumbini Bank Limited has introduced a new savings deposit product targeted at senior citizens called “Lumbini Aatma Nirbhar Bachat Khata”. This account can be opened by people of 55 years of age and above with a minimum balance of Rs 500 at an interest rate of four percent on a monthly . . . Read more »

Biz News

Biznews June 2015

The April 25 devastating earthquake has shut down ten out of 43 hydropower plants that were generating electricity. According to the Independent Power Producers’ Association Nepal (IPPAN), some nine other plants have suffered minor to major . . . Read more »

Voices

Voices June 2015

“The apartment buildings built in Nepal have completely followed the National Building Code. Only two of the 33 apartments in use have been marked with red stickers. So, there is no need to . . . Read more »

Feedback

feedback June 2015

The April 25 earthquake and the subsequent aftershocks have done massive destruction to private homes, commercial buildings and the country’s physical infrastructure. Now it’s time to rebuild them. For the reconstruction, cement is important and essential. . . . Read more »

No Laughing Matter

The Fight between Man and Nature

There is an unannounced war being waged by humankind against nature. In fact, the history of human civilization is the history of humans constantly triumphing over nature. But the bad part is that nature is not always tolerant. If she feels that enough is enough, she reacts with vengeance and we have natural calamities. . . . Read more »

From the Editor

Clear this Confusion

Nepal as a whole is trying to get back (on track) after getting knocked over by the massive 7.6 M Gorkha Earthquake and its subsequent aftershocks. Though the aftershocks are still continuing and causing problems, a more serious problem is that a lot of confusion still needs to be cleared up. . . . Read more »

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Elections and Blessings

Elections and Blessings

By Madan Lamsal

On a Tuesday before the recently held first phase local elections, the roads were choked with traffic jams everywhere in the valley. After an enquiry, it was revealed that the jams were caused by the long queues of the aspiring candidates and their supporters who had gathered around government . . . read more »