Opinion

Can Nepal Learn from India’s Demonetisation Experience?

Executive summary An idea to ban currency notes of Rs. 500 and Rs. 1,000 denominations does make for big headlines, but implementation is a different story. Replacing a country’s currency is a long, costly, and risk-sensitive operation. Nepal’s central bank would have to design new notes, hire foreign printers, import millions of notes securely, and …

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Private Sector Engagement – Key to sustainable development initiatives

My initial career started with the private sector, first with Anderson Consulting in the USA as change management consultant and later in a premiere financial institution in Nepal. The experiences in these institutions have guided my professional journey and commitment to date. After almost a decade I ventured into the development arena through consulting assignments …

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Happy Anniversary!

Speak without Fear #10 Being comfortable with special-occasion speeches Warmest congratulations to the editor, publisher, and the entire team at the HRM Nepal on your fourth anniversary issue. You’ve built a thoughtful platform for leaders and learners across Nepal, and it shows issue after issue. Your consistency makes our community wiser and workplaces better. Thank …

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Lean and efficient government crucial for attracting investment and developing the private sector

One can simply compare our social, economic and political path with that of the rest of the world. In the 1930s, the globe was gripped by an economic crisis, also known as the Great Depression. Before this crisis, two main economic philosophies prevailed: a highly regulated, less market-based system where the state was heavily involved …

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A comprehensive reform package for Nepali economy must

Economic reforms that began in the early 1990s lost their momentum. These initiatives should have been carried forward with robust legal frameworks, resolved procedural hurdles and strengthened institutions. However, higher political leadership failed to prioritise these reforms. Nepal has gone through a long political transition, and all political forces have been focused on gaining power, …

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Gurkha Syndrome

The Remittance-Driven Economic Paradox of Nepal The roots of Nepal’s labour migration lie in the historic Gurkha tradition, which began formally after the Treaty of Sugauli in 1815-16 between Nepal and British India, following the Anglo-Nepalese War. As part of this treaty, Britain gained the right to recruit soldiers from Nepal into the British Army, …

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Non-marketing strategies in a dynamic entrepreneurial ecosystem

Unlike market strategies such as pricing, promotion, and supply chain management, a non-market strategy involves actions taken by a business to manage its relationships with various stakeholders, including governments, regulators, activists, the media, and the public. These strategies are thus linked to a firm’s ability to navigate the regulatory, institutional, and policy aspects of its …

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