The surge in software development and digital services through offshore outsourcing may be considered one of the most under-the-radar developments to have occurred in the country in recent times. Nepal’s exports of IT services in 2022 amounted to USD 515.4 million, making it the country’s top exportable product. the HRM On July 17, the Ministry …
Nepal’s Export of IT Services : Making Big Strides Read More »
A Sunrise Sector in the Making Last year was a milestone for the EV dealers in Nepal after securing a staggering 50 percent share of passenger vehicle sales indicating that EVs are becoming the mainstay in the domestic automobile business. the HRM Over the past two years, the Nepali electric vehicle (EV) market has witnessed …
The New Era of Business Innovation From hiring taxis and motorbikes for rides, many Nepal are now acclimatized to the convenience offered by ride-sharing applications. The introduction of Tootle and now Pathao has completely changed the way people hire rides in cities. The urban populace of Nepal increasingly prefers digital payments over cash payments. Thanks …
The remarkable ease and convenience offered by digital payment systems have captivated the spending habits of Nepalis, driving them to ditch cash and embrace a digital future. the HRM June 1, 2023, will be remembered as an important date in the history of fintech in Nepal. On that day, Nepal and India entered into an accord …
Bringing Economy Back from the Brink Never before has any finance minister been forced to prepare a budget with an acute scarcity of financial resources as Dr. Mahat. the HRM Drafting a federal budget has always been a hefty task as the Minister for Finance has to take care of the aspirations of many. From …
Rebooting policies to capitalize opportunities in international trade the HRM With the start of the new year 2080 BS, Nepal will have its new blueprint for revitalizing trade- Nepal Trade Strategy 2023- ready. NTS 2023, Nepal’s fourth-generation trade integration strategy, will be the guiding document for the country’s trade policy for the next five years. …
Revitalizing Nepal’s ExportsRevitalizing Nepal’s Read More »
Changing the Investment Landscape In the second week of January, the logistics services provider Upaya received funding of Rs 60 million from Nepal Infrastructures Investment Fund Limited (NIIF). NIFF is a capital venture jointly promoted by Global Equity Fund (GEF), Prime Life Insurance, and Himalayan Everest Insurance. On December 20, 2022, Japan International Cooperation Agency …
What needs to be done to bring the economy back from the brink? On January 31, the Ministry of Finance decided to cut the funds allocated under various headings under the recurrent expenditure. The ministry has also frozen the remaining funds allocated for the current fiscal year under 14 budgetary headings. On February 3, the …
the HRM In what can be termed as the ‘start of a merger spree’ in the Nepali banking sector in 2023, Kumari Bank and NCC Bank began unified business on January 1. After this, the second week of January saw two mergers and one acquisition becoming successful in the Nepali banking sector; the Global IME …
the HRM After Shiwaj Neupane completed his undergraduate from the United States in 2014, he returned to Nepal for a break. Neupane had little knowledge of business, but he decided to stay and join the family-run business. Shiwaj, the son of Ambe Group founder Shovakar Hari Neupane, first started as a Manager in the factory …
