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Opting for an import-based economy is a risky model, Nepal needs to prioritise production led growth

Unilever Nepal, a subsidiary of Hindustan Lever Ltd, marks a significant milestone – 30 years of operation in the country. As a pioneer in foreign direct investment (FDI) in Nepal, Unilever has not only established itself as a blue-chip company but also become a role model for other foreign investors. Beyond its commercial success, Unilever …

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APPOINTMENTS

Dr. Lamsal named secretary of GoN The government has appointed Dr. Hari Prasad Lamsal as the Secretary of the Government of Nepal. The Cabinet meeting held on March 28 appointed Lamsal as the secretary. Prior to being promoted and appointed as the secretary, Lamsal was serving as the Acting Chief Secretary of the Sudurpashchim provincial …

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Culture and leadership in the organisation breed value oflong-term strengths

My first job with Asian Paints in October 1995, almost 28 years ago, was in Channel Sales in India. It was a different era, and many of today’s job considerations were not even in my awareness, let alone expectations. Joining the number one brand and industry leader right after graduation was a proud moment for …

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APPOINTMENT

Prof. Baral named VC of TU Prime Minister Pushpa Kamal Dahal ‘Prachanda’, as the Chancellor of Tribhuvan University, has appointed Professor Keshar Jung Baral as the Vice Chancellor of the country’s oldest university that was established in 1959. Baral previously served as the Vice Chancellor of Pokhara University. Baral, who is the 20th Vice Chancellor …

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Private education is always at the centre of debate as nothing other gives more mileage to politicians

Anil Kedia, Chairman of DAV Sushil Kedia Vishwa Bharati School, has set a benchmark for quality education. His educational institutes have modern classroom facilities but the overall development of students is derived from the principles of the Gurukul system, based on eastern philosophy. Kedia firmly believes that spirituality balances the heart and mind which is …

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APPOINTMENTS

Sirohiya takes charge of KMG as Managing Director Sambhav Sirohiya has been appointed as the Managing Director of the Kantipur Media Group (KMG). A meeting of the KMG board decided to appoint Sambhav, who is the elder son of incumbent Chairman and Managing Director Kailash Sirohiya, to the post. Sambhav’s active involvement in KMG spans …

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Working in diverse industries and cultures has been satisfying and rewarding for me

Shifting from one sector to another often comes with various challenges for many professionals during their careers. Those who are successful in the traversal become leaders in their respective fields. Pranaya Ratna Sthapit, Director of Samsung Nepal, is among the top Nepali professionals who have made their mark in business. Starting from Unilever Nepal as …

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The Exodus – Counting the Cost of Mass MigrationThe Exodus –

In the fiscal year 2022/23, the sum of money spent for overseas education increased substantially by 48.3 percent. Nepalis remitted Rs 100.42 billion from the country to cover the educational expenses of their children. In 2022, approximately 2,000 doctors sought authorization from the Nepal Medical Council to work abroad. This marks a significant increase compared …

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Bureaucratic Red Tape Continues to Mar Nepal’s FDI Regime

As a myriad of factors deter foreign investors from engaging with Nepal, the net foreign direct investment (FDI) in the country reached a nine-year low in the last fiscal year. the HRM Infraco Asia, a Singapore-based company, has divested its holdings in Gurans Energy Limited, a joint venture company based in Nepal. While divestment of …

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