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Nepal Strives for Bigger Gains in Access to Formal Financial Services

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The expansion of BFIs, SACCOS, and insurance companies have helped to increase Nepalis’ access to formal financial services the HRM N epal has made significant strides in advancing financial inclusion, with 90 percent of the country’s adults using formal channels for financial transactions. According to a joint report by the International Finance Corporation (IFC) and …

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National Census 2021 – A Significant Shift in the Lifestyle of Nepalis

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The final report of the National Census 2021 shows the improved living standard of Nepalis with the increasing use of modern technologies, automobiles, and appliances over the past decade.  the HRM There has been a significant improvement in the living standard of Nepalis as the latest report of the 12th National Census shows that the …

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World Bank, ADB Warn of Challenging Days Ahead for Nepal

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Both the World Bank and the Asian Development Bank (ADB) have estimated that Nepal’s economy will grow by 4.1 percent in 2023 the HRM Nepal’s economic growth in 2023 is projected to slow basically due to tighter monetary policy, slackened domestic demand, the unwinding of the Covid-19 stimulus, and persistent global headwinds. The two multilateral …

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Challenges Surround Automobile and Smartphone Business

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For automobile and smartphone businesses, the situation has not improved even after the lifting of import restrictions as they face new challenges stemming from the economic downturn and government policies. the HRM After eight long months, the government in December lifted the restrictions placed on the import of ‘luxury goods’. However, this easing has come …

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Addressing the Problems of Brain Drain and Lack of L&D

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The human capital crisis has been exacerbated by a chain of challenges, including the exodus of youths from the country, far too inadequate private sector and government funding for L&D, and a lack of collaboration between colleges and the corporate sector to produce job-ready graduates. the HRM With a population of just under 30 million, …

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Making Nepal’s New Intl’ Airports Economically Viable

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Despite being developed at great expense, the new international airports in Pokhara and Bhairahawa have remained unused and deserted as airlines show no interest to operate flights from the airports. the HRM Amid much fanfare with high hopes from the tourism industry, then Prime Minister Sher Bahadur Deuba inaugurated the Gautam Buddha International Airport (GBIA) …

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Plans Afoot to Export Power from Likhu-4 to Bangladesh

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Nepali officials are hopeful that India will give the green signal to export power from the project the HRM With India’s assurance of allowing power export from Nepal to Bangladesh, the government is planning to export the electricity generated from the Likhu-4 Hydropower Project to Bangladesh. According to a senior official at the Ministry of …

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