Nepal’s insurance sector has experienced substantial consolidation in recent years, prompted by the increased paid-up capital requirements for insurance companies. The Nepal Insurance Authority (NIA) – the regulator of the insurance sector – has raised the paid-up capital of insurance companies tenfold since 2017 in two phases, leading insurance companies to pursue mergers to meet …
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 …
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 …
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 …
Nepal’s bulge youth population getting old without attaining prosperity the HRM Nepal’s current demography is considered as a comparative strength due to the high number of youth bulge or the working age population (15-60 years). However, the country is entering a club of ageing countries by 2028 while observing the population pyramid based on the …
As the government prepares to host the third Nepal Investment Summit in 2024, it has overcome heaps of challenges to ensure that the event will be a meaningful one. the HRM Five years after hosting the second Nepal Investment Summit (NIS), the government is once again preparing to extend an invitation to the global investor …
the HRM During Prime Minister Pushpa Kamal Dahal’s recent visit to China, the two Asian neighbors agreed to establish a collaborative technical working committee to evaluate and update the Nepal-China Trade and Payments Agreement, 42 years after the original pact was signed in 1981. With the tectonic shifts in global trade dynamics over the past …
Nepal-China Trade : Understanding the New Dynamics to Unlock Potential Read More »
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 »
