After assuming office as the 47th President of the United States, Donald Trump announced a private sector investment of up to $500 billion to develop artificial intelligence (AI) infrastructure, aiming to outpace global competitors in this business-critical technology. Within a week of President Trump’s announcement, the Chinese AI bot DeepSeek delivered a major surprise to …
High Employee Turnover Weakening Institutions, Productivity, and Growth High employee turnover in established sectors is causing instability, impacting outcomes, and increasing recruitment and capacity-building expenses. Human Resources departments are struggling to cope with these challenges and the significant talent drain from the country. Employee benefits, career growth opportunities, and exposure are readily available and transparent …
Driving Growth and Innovation Women’s entrepreneurship is a key driver of economic growth in many countries, including Nepal. A study from global management consulting firm McKinsey & Company found that a ‘full-potential’ scenario, where women participate in the economy equally to men, could add up to $28 trillion, or 26%, to annual global GDP in …
Hospitality sector thriving with opportunities abound the HRM Nepal’s hospitality sector has been drawing substantial investment and has rapidly emerged as one of the country’s most dynamic and fast-growing industries. Nepal’s abundant natural beauty, cultural heritage, and diverse landscapes, combined with its rich historical and spiritual significance, have made the country a popular global tourism …
the HRM The nation is repeatedly debilitated by poor governance and mismanagement. The recent floods and landslides starkly exposed this issue, highlighting the dysfunction of the three tiers of government, which were nowhere to be seen as people died in buried vehicles on vital highways, while floods and inundations caused massive losses of life and …
the HRM A total of 112,156 students left Nepal to pursue higher studies in Fiscal Year 2023/24. The Ministry of Education, Science, and Technology (MoEST) reports that these students obtained No Objection Certificates (NOCs) to study in 66 countries. This significant number of students leaving for higher education abroad highlights a lack of trust in …
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the HRM A midst the current economic slowdown, Nepal Rastra Bank (NRB) – the central regulatory and monetary authority – has unveiled an accommodative Monetary Policy for Fiscal Year 2024/25 to boost production, create jobs and stimulate economic activities through the expansion of private sector credit by 12.5 percent against around 5 percent of FY …
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Shift of a large number of labour force from agriculture to other sectors is crucial for the country’s economy to leapfrog the HRM The involvement of a significant portion of the country’s population — 65.6% — in the agriculture sector, despite its low productivity, presents a formidable challenge for poverty alleviation. Traditionally, agriculture and forests …
Moderate efforts to address grave challenges of the economy the HRM The government has unveiled the fiscal budget 2024/25 focusing on economic reforms to build confidence and a new sense of hope among citizens, productive capacity enhancement, infrastructure development and employment generation. The Rs 1.86 trillion budget has set an objective to boost production and …
Nepal is pioneer in implementing GRID framework. the HRM Moving ahead towards lowering the impact of climate change through various adaptation and mitigation measures, countries across the globe have been implementing national action plans on climate change. Consequently, regional and global cooperation and collaborations have amplified. Nepal has been making earnest efforts in line with …
