• Informal Employment – Major Challenge for Nepal’s Economy

    The International Labour Organization (ILO) has launched the third edition of Women and Men in the Informal Economy Report this week. As per the report, world’s two billion workers – about 61.2 percent of globe’s employed population – are in informal economy. This data for Asia-Pacific Region is even higher. The region houses 1.3 billion workers, 68.2 percent of region’s total workforce, who are in the informal employment. Globally, Africa tops the list followed by Arab States, Americas, and Europe and Central Asia where 85.5, 68.6, 40 and 25.1 percent of employment is informal respectively. In addition, 93 percent of globe’s informal employment exists in emerging and developing countries like Nepal. Also, men (63 percent) are found to be more into the informal employments than their women (58.1 percent) counterparts. Of 2 billion people employment informally, only 740 million are women.

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  • नेपालमा राजस्व अधिकारको व्यवस्था

    नेपालको संविधानले राज्यको संरचनालाई संघ, प्रदेश र स्थानीय समेत गरी तीन तहमा विभाजन गरेको छ । प्रदेश र स्थानीय तहलाई उप-राज्यस्थरको संवैधानिक अधिकार प्रदान गरिएको छ जसमा राजनैतिक, आर्थिक र राजस्व सम्बन्धि अधिकारहरु पर्दछन् । संविधानको भाग ५ को धारा ५७, ५८, ५९ र ६० मा राज्यशक्तिको बाँडफाँट अन्तर्गत संघ, प्रदेश र स्थानीय तहको आर्थिक अधिकार र त्यसको प्रयोग कसरी गर्ने भन्ने बारेमा उल्लेख गरिएको छ । Continue reading

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  • Why ‘profit’ is not a bad word

    Veetil, Vijayalakshmi and Bose present a case on how competition fostered through for-profit ventures can bolster efficiency in the Indian Education Sector. This article sourced from Center for Civil Society’s, Spontaneous Order was originally published in Hindustan Times on 26th March 2014. 

    There are few areas where the difference between what Indians want for themselves and what the government of India wants for them is more alarming than in higher education. Six to eight hundred thousand Indians leave for foreign universities every year. Yet foreign universities are not allowed to set shop in India. In September 2013 the government announced that it may soon open doors to foreign varsities. However, foreign universities will not be allowed to repatriate profits. Behind this policy lies a deeply flawed view of the consequences of profitmotive. Continue reading

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  • Reducing the Cost of Doing Business to Boost Private Investment and Economic Growth

    Many economists of the 20th century spent their life working on theories of economic growth. They have explained their growth models in varying ways and from different angles. The technicalities in these theories might vary but if we carefully examine, we can find a common aspect in all of them. They agree to each other on the fact that higher level of economic growth cannot be attained without high level of investment. The growth in the level of investment increases the level of income and employment, directing the country towards the path of economic prosperity. Continue reading

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  • Poor too Can Become Reliable Investors

    If an economy has high savings rate, the stock money is normally used as investments in the productive sectors. In case of Nepal, looking at the past trends, the gross domestic savings as percentage of GDP has changed a lot. In recent years, the trend has been moving in a downward direction. As per the available data, in 2016, Nepal’s gross domestic savings as percentage of GDP stood at 3.82 percent. As the country adopts federalism and works to make different parts of Nepal as economically competent as possible with the use of a highly decentralized development model, it is necessary now more than ever to have Nepalis saving more to generate substantial funds necessary to invest in local and regional small, medium and large scale infrastructure development works and other related works that drive local and national economic growth. Continue reading

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  • The fundamental flaw in project planning – The Planning Fallacy

    Why do projects rarely get done on time? How come that paper you set 3 hours aside for more often than not take you 8? Why are mega-infrastructure projects almost always over budget and still nowhere near complete on projected completion dates? Picture Melamchi, a project envisioned in the late 90s and scheduled to be completed by 2007. 11 years later in 2018, we are still facing the inconveniences of dug up roads for pipelines, the benefits yet to be reaped. Continue reading

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