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Jul 1
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If you are from a developed country then I am sure you will feel annoyed with me for this news item. You may wonder whether consumers getting CDMA mobile phone is news worthy at all. For a country like Nepal, it is big news. Nepal Telecom is going to distribute mobile phones based on CDMA technology by the end of this month (July 2006). Initially, only 12-14 thousands phones will be offered in or around the capital city Kathmandu. As a result, consumers will have better facility now.
The main problem in Nepal is that Nepalese government is yet to realize the importance of mobile phone and that is why it is not encouraging foreign investment and private sector investment. According to a news in cellular-news.com, "Statistics from The Mobile World note that nepal Telecom has just under 300,000 subscribers while rival operator, Mero Mobile has 86,000 customers." Most people in rural areas still out of the coverage of the mobile phone. In this blog, I have written about the huge growth in the mobile phone industry in Bangladesh, India and Pakistan. It seems that Nepalese government is yet to realize the important of mobile phone from its neighbors.
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Jun30
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The Nepal Parliament has asked King Gyanendra to submit detailed documents of his assets in order to determine the amount of tax that will be paid by him. The most surprising fact is that such an action had never been taken in the last 238 years.
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Jun28
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Fear, suspicion and jealousy of a King or a Minister often take the upper hand against national interest. However, we can find the other side of the coin too. Often richer nations pretend to give aid to poor countries just to take advantage of the poverty of a country.
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Jun27
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They did not have to pay tax, disclose their income and saw the budget for them to be increased by the King 6 times in just a couple of years.
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Jun25
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When everything seemed to start going right for Nepal, the country now faces the grim prospect of labor unrest and if morning really shows the day then I must say that Nepalese economy is going to suffer badly in the next few months.
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Jun23
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The United Nations World Food Programme (WFP) in Nepal has come forward with emergency food aid for the people and the UN organization wants to reach 225,000 people who badly need food aid.
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Jun22
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The budget for the royal family was Nepali Rs.126.3 million in 2001-02 fiscal year and last year it became Rs.751.2 million. The members of the royal family were great fan of traveling to different countries and a lot of taxpayers' money was wasted for the fanfare of the royal family. Even the palace had 900 employees.
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Jun19
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There are more than one million child labors in Nepal and they are engaged into all kinds of places- 'agricultural farms, tea gardens, fruit fields, brick kilns, carpet and garment factories, hotels and private households' and so on.
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Jun14
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I would like to see one improvement from Pradeep Kumar Gyawali- a more interactive website for Nepalese tourism industry. The current website is not up to the mark and interactive. I would also suggest him to open a blog in it.
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Jun13
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EC is going to give nearly $6.6 million. 170,000 Nepalese people living in the rural areas will be benefited from this aid.
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Jun12
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If Argentina and Brazil do well in the tournament then TV traders may just have even a better business as most people in the country are supporters of these two teams.
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Jun10
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It is expected that more than 200,000 women in Nepal will get benefited from this assistance of ADB.
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Jun 9
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So, what next? Suffering from job security for the Indian workers? May be it is too early for that but it will surely come sooner or later as Indian companies will go for cheaper destinations.
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Indian has expressed its commitment to support Nepal both politically and economically and as a part of it today Indian government announced a 10 billion rupees ($218m) aid package for Nepal.
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Jun 8
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Nepalese government is now planning to nationalize all the private schools in the country to ensure uniformity in the educational system.
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Nepalese advertising industry has suffered a lot in April due to the political crisis. I am happy that World Cup Football 2006 is helping to boost this industry.
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Jun 6
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In May, 2005 Nepal exported $4.20 million to USA while this May it rose to $5.60 million. The US market accounts for 80% of garments export for Nepal.
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May31
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In the first 8 months of the current fiscal year (July 16, 2005-July 15, 2006) foreign trade has increased 24% for Nepal compared to the same period of last year.
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May25
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$8.7 million is nothing compared to the expense suffered by the tax payers of UK for their royal family but for Nepalese economy it is a big burden. Not only that, money has gone to the members of royal family from different sources.
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May19
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Nepal does not have any oil or gas and the country has to import almost all of its energy needs. The rising price of oil in international market has put the country in serous stress about its oil import...
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The idea of 1 million tourists by 2010 has come from Prabin B. Pandey, chairman of the Pacific Asia Travel Association (PATA) Nepal Chapter.
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May18
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According to World Food Programme (WFP), 12 million people (nearly 47% of the population) in Nepal suffer from hunger. Of them, 2 million are children. 1 million children even cannot go to school for poverty.
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May14
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The only way out for Nepalese government is to get generous support from its donors.
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May11
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Nepalese government is seeking a fund between US$1.25 to $1.50 billion from donors.
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May 7
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In 1999, nearly one million tourists visited Nepal while last year the figure was just a bit over of a quarter million (277,000). 4% of GDP comes from tourism in Nepal.
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May 3
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Edmund Hillary reached the top of Mt Everest on May 29, 1953 along with Tenzing Norgay Sherpa and since then Mr. Hillary has continued his good relationship with the country and his people. He has actively tried for raising fund for the Solukhumbu region in Nepal.
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Apr27
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The immediate priority for the new Prime Minister is to bring back the Nepalese economy in the normal track. His government has to help the stock exchange to perform normally. Girija Prasad Koirala will also have to try his best to convince the donors to provide fund generously. Nepal has got a second chance now.
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Apr25
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The common people in Nepal have now high expectations about the future of the country. They came to the street and fought against injustice. Their main goal was to see Nepal as a prosperous country. They are fed up with the terrible condition of the Nepalese economy as the growth rate is hovering around 2%-3% annually.
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Apr24
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The common people of the country have suffered to the extreme for the last 2 weeks.
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India, Japan and UK are the top 3 countries from which tourists come in largest number to Nepal and tourists from these 3 countries accounted for nearly half (47%) of all tourists on March 2006.
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Apr22
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According to a report published in the Times of India, the government is losing at least Nepali Rs.3.5 billion as a result of the continuous general strike.
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Apr21
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Well, at first the opposition parties have to reach to a consensus and the King has to keep his word. Nepalese history of last 20 years suggests that both of these are very difficult things.
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Apr20
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Last year, 277,000 tourists visited the country. However, many tourists in Nepal have seen the worst and the current condition have forced many tourists to cancel their trips.
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Two weeks of all out protests means two weeks of loss of National production. There is hardly any activity in Nepal's Stock Exchange.
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Apr18
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The price of vegetables has gone up too much too and fresh vegetables are becoming scarce. There may be debate about whether the salt crisis is real or not but there is no doubt that serious shortage of water is looming over Katmandu.
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Apr16
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1,022,000 passengers have travelled by domestic air service and 127,000 passengers by international flight to and from the Tribhuvan Airport in the 11 months of 2005
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Nepalese economy depends a lot on tourism both in terms of foreign exchange income and job creation. From the Official website of Nepal Tourism Board, I came to know that in March 2006, 25,553 visitors came to Nepal by Air from different countries.
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Like every big city of the world, Katmandu depends on the supplies of food and fuels from the neighboring small towns, villages and land ports (since Nepal is a landlocked country supplies from India is vital for its economy).
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Apr15
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Even all the political problems get solved tomorrow in Nepal, the economy of the country will continue to bear the burden for a long long time.
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Apr12
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According to the Department of Industries (DoI), altogether 76 FDI projects, valued at Rs. 2,146 million, were registered in 2005, compared to 35 projects worth Rs 546 million registered the previous year.
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Apr 8
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The only good news for Nepalese economy according to ADB report is that in FY 2007, GDP growth may reach to 3.4%. This will happen only if Nepalese government can manage to reach a peaceful solution to the violent conflict.
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Apr 1
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'Economic growth in Nepal declined from a rate of 3.7 per cent in 2004 to 2.6 per cent in 2005 owing to weak performance of the agricultural sector, which accounts for 40 per cent of the country’s GDP
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Mar30
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ESCAP The annual Economic and Social Survey of Asia and Pacific 2006 globally. This is an important document for anyone who wants to do business or carry out research on
Asia and the Pacific.
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Mar24
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Computer Association of Nepal (CAN) has organized CAN Info-Tech 2006, the main Information Technology fair of . 110 companies are participating in this 6 day (23 March-28 March 2006) long fair. Of them, 4 are Indian.
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