In any organization, HR systems and practices must speak the same language as the organization Till the early 2000s, most organizations in Nepal did not have an HR department and the few organizations that did lack a fully-fledged HR setup. Over the past 20 years, organizations in the country have recognized the need for an …
AI can create credible-sounding facts but may also produce false data and incorrect information. ChatGPT is a natural language processing chatbot that utilizes artificial intelligence (AI) technology, enabling users to engage in human-like conversations. The acronym GPT stands for ‘generative pre-trained transformer’ and was developed by OpenAI. This nonprofit organization also created Dall-E-2, an AI …
Blessed with diverse natural treasures and unique cultural heritage, Nepal holds tremendous potential in tourism. With the improving infrastructure and growing supply side in tourism, Nepal needs to get well-deserved attention. Targeting two million IVAs (International Visitors Arrivals), an ambitious national campaign Visit Nepal 2020 was launched with the high hope to unleash the vast …
Rethinking Tourism – A New Approach to Make Nepal a Top Destination Read More »
Entrepreneurs play an essential role in the economic growth of any country. An entrepreneur’s successful business endeavor can help create thousands of other organizations and millions of jobs around the world. So, it is not an overstatement to say that entrepreneurship is the lifeblood of the economy. Today we think of entrepreneurship only as a …
In underdeveloped economies, the pursuit of growth is essential, but it must be sustainable and impactful. In today’s fast-paced and ever-changing business landscape, it’s crucial for organizations to have a clear sense of direction and alignment among team members. Objectives and Key Results, or OKRs, have emerged as a powerful tool to shape the course …
From Vision to Reality – The Role of OKRs in Nepal’s Business Transformation Read More »
The existing bilateral agreement has become outdated and is no longer suitable for the current situation, particularly as Nepal faces a substantial trade deficit with China. Nepal and China have reached a consensus to revise the bilateral trade agreement 42 years after the pact became operational in 1981. During Prime Minister Pushpa Kamal Dahal’s recent …
For a sustainable banking practice, the environmental, social, and governance perspectives have attracted special consideration amongst the banking industry around the world. One of the most challenging behaviors of nature is the sustainability of anything, living or nonliving. It means nothing lasts forever. According to the laws of Physics, mass can neither be created nor …
While Nepali talent is undoubtedly abundant, motivating and providing a conducive environment for Nepali youths is vital. The IT industry in Nepal is on the rise, with promising growth opportunities, but it still faces several challenges. One significant avenue for revenue generation is through exports of services, which clearly indicates that the sector has tremendous …
Traditional academic knowledge alone is no longer sufficient to prepare students for the challenges and opportunities that lie ahead. Looking back at my school days, I remember my days revolved around textbooks, memorization, and endless exams. While I did well academically, I couldn’t help but feel there was something missing in the pursuit of education. …
Empowering Nepali Students through Skill-based Education Read More »
With interest spread regulation and base rate mechanism in place, there is no incentive for BFIs to have lower cost of deposits, as the cost reduction is automatically passed on to borrowers and does not result in improved margins for BFIs. Bank interest rates have become a topic of big debate in Nepal in recent …
