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Ankshita Chaudhary

About Ankshita Chaudhary

Ankshita is working as a Research and Communications Assistant at Samriddhi Foundation.

Reform Agendas for the upcoming Pre-Budget Discussion

Economy

The government of Nepal must introduce the following reform agendas in the upcoming pre-budget discussion to achieve the desired economic growth:

Cross-cutting

Starting a Business:

  • Devolve business registration functions to local levels and a functioning one-window for registration
  • Develop a universal database and use compatible softwares at different government institutions to enable real-time inter-department coordination
  • Allowing incorporation of a one-man company based on a one-page AoA; building a model document for more-than-one-man private companies; and allowing nominating agents to handle the entire incorporation process in case of a public company.
  • Make a legal provision to complete industry registration within 36 hours and complete company incorporation within seven days of having filed application

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Ankshita Chaudhary

About Ankshita Chaudhary

Ankshita is working as a Research and Communications Assistant at Samriddhi Foundation.

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Restrictions going too far?

Uncategorized

The Government of Nepal has proposed stringent laws to regulate the alcohol consumption in the country. The government officials, through this executive order, claim that the influence of advertising on underage drinking as well as incidents of violence and crime will plummet. The new bill, if enacted, will prohibit liquor advertisements in both print and electronic media. The directive also bars the manufacturers of alcoholic beverages to sponsor sporting events, concerts and other public events. Continue reading

Ankshita Chaudhary

About Ankshita Chaudhary

Ankshita is working as a Research and Communications Assistant at Samriddhi Foundation.

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ECONOMIC TIMELINE OF NEPAL

Uncategorized

Economic development in Nepal has been challenging, since time immemorial, due to the frequent changes in the political leadership. The political isolation of the early Nepali kingdom fostered an economic system of rent seeking elites and resulted in increased income inequality. The subsequent economic liberalization, with the end of absolute monarchy, led to economic growth and improvement in living standards of the people. As a Federal Democratic Republic, Nepal embarks on a new journey where it can hopefully, progress towards sustainable economic growth.

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Ankshita Chaudhary

About Ankshita Chaudhary

Ankshita is working as a Research and Communications Assistant at Samriddhi Foundation.

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A Retrograde Economic Vision

Economy

The UN categorisations for development of nations in the world is based on the three different levels- HAI, EVI and GNI- measured to give rise to three distinct categories, least developed, developing and high income or developed countries. Without a doubt, Nepal lands in the first category. But considerable progress has been made. Nepal recorded a marginal rise above the threshold on the HAI Index with 68.7 points while the EVI Index was within the threshold limit with 28.7 points. Nepal, however, recorded a low performance on its GNI per capita Index with $865 in the FY 2016/17. Despite the remarkable improvement in two major indices, the GoN stated that the country isn’t prepared for graduation.

All of this begs to a question as to why the Nepal government was reluctant to graduate to the league of developing countries in the first place? Continue reading

Ankshita Chaudhary

About Ankshita Chaudhary

Ankshita is working as a Research and Communications Assistant at Samriddhi Foundation.

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Special Economic Zone: Not So Special?

Economy

The concept of Special Economic Zone (SEZ) has become ubiquitous as an infrastructural facility. These SEZs provide a combination of tax and tariff incentives, streamlined custom procedures, and less regulation by offering an investment climate that attracts both foreign and domestic investors to invest and establish industrial and business units. With an aspiration to promote and diversify the export market, the GoN, in 2016, had introduced the SEZ Act which evoked immense interest among the investors’ community in Nepal. But it seems that the much-hyped SEZ is losing its appeal among the domestic investors. Continue reading

Ankshita Chaudhary

About Ankshita Chaudhary

Ankshita is working as a Research and Communications Assistant at Samriddhi Foundation.

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