Month: June 2023

Nepali Private Sector – Driving the Economy Amid ChallengesNepali Private Sector –

Nepal’s private sector contributes 81.55 percent to Nepal’s GDP, making it a crucial driver of economic growth the HRM Biratnagar Jute Mill was established in 1936 as the first industry in Nepal. Founded by the late Shree Ramlal Golchha, the patriarch of the Golchha family, the jute mill heralded an era of organized private investment …

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Nepal has World-classFintech Products

The fintech market has experienced significant growth and progress from both consumer and innovation perspectives Fintech in Nepal has come a long way with significant advancements occurring over the past two decades. Around 20 years ago, companies like SCT and F1Soft stood at the forefront, primarily associated with the payment industry. However, fintech as a …

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Addressing the Brain Drain – Retaining Skilled Professionals in Manufacturing Sector

Human resources are given the highest priority among all resources in the manufacturing world even before financial resources. It is because people are the primary resources for any manufacturing establishment. Since the beginning of the era of industrialization, human capital has been considered a crucial and valuable asset in all industries, including manufacturing. In today’s …

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The Yin-Yang of Innovative Cultures – Going Beyond ‘Aham Brahmaashmi’ & Developing Psychological Safety

Leaders should create an environment and culture where everybody, irrespective of hierarchy, feels safe to discuss and criticize each other’s ideas The context -“The reasons of people who want to work in an organization where ‘innovation’ is part of the desired employee behavior and organizational culture and factors playing a role for innovative cultures they …

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My first job helped me grow as a professional

In his professional career as a non-life insurance executive, Yugesh Bhakta Bade Shrestha has seen the Nepali insurance business going through big changes. According to him, the current times are very different from when he started his career some 28 years ago. Shrestha is the CEO of IGI Prudential Insurance Ltd which recently started transactions …

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Digitalization and social media have opened new avenues for brands to connect with consumers

Times are hard for the Nepali advertising industry. Business is down sharply as advertisers have slashed their marketing expenses. Sudip Thapa, Group Managing Director of ANS.CO says that digital platforms have been helping advertisers and marketers to some extent in the current difficult business climate.  Thapa, who is the First Vice President of the Advertising …

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Nepal should diversify its economy to rely less on remittances and agriculture and attract FDI

The role of international financial agencies like the International Monetary Fund (IMF) has become crucial for Nepal which is facing a deeper economic downturn. The Washington DC-based agency has been supporting Nepal ever since the country became a member in 1961. Currently, IMF is actively supporting with assistance like the Extended Credit Facility (ECF), and …

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Enhanced learning and development opportunities have been a cornerstone of F1Soft’s people management practices

There are not many home-grown Nepali IT companies that can come close to F1Soft International in terms of growth and expansion. Established in 2004, F1Soft, the pioneering company in fintech in Nepal, is the biggest entity in the country working in several verticals including digital financial services, fintech, health tech, big data, and education. Piyush …

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Nepali market needs strong insurance companies

Surya Prasad Silwal assumed the role of Chairperson of the Nepal Insurance Authority (NIA) in February 2021, and his tenure has been marked by transformative policy changes in the insurance sector. Under his leadership, NIA’s strategic approach has been focused on sectoral consolidation for creating bigger and better entities. The regulator has increased paid-up capital …

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