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 »
A sharp slowdown in economic activities, slackened domestic demand, tighter monetary policy, and persistent global headwinds adversely affected Nepal’s economy in FY 2023. the HRM A fter a meager 1.9 percent growth in the last fiscal year, Nepal’s economy is set to rebound in the current fiscal year. The World Bank and the Asian Development …
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The existing bilateral agreement has become outdated and is no longer suitable for the current situation, particularly as Nepal faces a substantial trade deficit with China.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 …
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 …
The Exodus – Counting the Cost of Mass MigrationThe Exodus – Read More »
The endorsement of the bill from the parliament will pave the way for the private sector into power trading. the HRM In late August and early September, Nepali private power producers received two big news they had been eagerly waiting for. First, the government approved the new Electricity Bill and sent it for parliamentary endorsement. …
New Electricity Bill – Empowering Private SectorNew Electricity Bill – Read More »
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 …
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 …
Bureaucratic Red Tape Continues to Mar Nepal’s FDI Regime Read More »
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 …
