Pictures show how Nepal is coping with the inhumane blockade by India

– by NepalForeignAffairs.com team The Indian blockade of Nepal (#IndiaBlockadesNepal) has been running for over three months now. Being landlocked, most of Nepal’s imports come via India. Although international laws provide landlocked countries the right to unrestricted passage to the sea, India has been unquestioned by the international community on the way it is puttingContinue reading “Pictures show how Nepal is coping with the inhumane blockade by India”

Nepal’s Trade Deficit Continues to Widen

Nepal’s total trade deficit in fiscal year 2014-15 surpassed the total annual budget presented for the same fiscal year, reports Republica. The trade deficit rose by 10.8 percent to a whopping Rs 689.36 billion in the fiscal year 2014-15 compared to total fiscal budget of Rs 618 billion, according to the central bank’s report titledContinue reading “Nepal’s Trade Deficit Continues to Widen”

A Deviated Path: The Private Life of Nepali Private Sector

Siromani Dhungana/UWB Nepal’s private sector, as evidences show, is shying away from its major responsibilities and becoming much like NGOs. The current situation is such that the private sector is acting like nonprofits or as a project implementing body. Popular perception is that our private sector lacks innovative approaches and entrepreneurial mindset. Recently, me andContinue reading “A Deviated Path: The Private Life of Nepali Private Sector”

Women Entrepreneurs in A Country Where Business was Men’s Domain

Women entrepreneurs in Nepal have come far but they still have a long way to go. Women entrepreneurs are still waiting for a situation where they will get a chance of working as freely as their male counterparts. Siromani Dhungana/UWB Over the last few weeks, I have met several women entrepreneurs who are doing amazingContinue reading “Women Entrepreneurs in A Country Where Business was Men’s Domain”

A Conversation with Departing Nepal Chief of the UK Aid Agency

By Siromani Dhungana UWB At one point on his last day in office as head of DFID Nepal, Dominic O’ Neill was waiting for reporters. And a photographer. “So, you guys want to take a picture?” He said as he fixed his tie. “This will probably be the last meeting with journalist in my nearly twoContinue reading “A Conversation with Departing Nepal Chief of the UK Aid Agency”

Tax Transparency: We Should Have a Good Debate

Siromani Dhungana UWB IMF working paper on ‘VAT Fraud and Evasion: What Do We Know and What Can be Done?’ says: Like any tax, the VAT is vulnerable to evasion and fraud. But its credit and refund mechanism does offer unique opportunities for abuse… After introduction of Value Added Tax (VAT) revenue in 1997, Nepal’sContinue reading “Tax Transparency: We Should Have a Good Debate”

Obstacles for Business in Nepal: Instability and Maoists

Political instablity and power outage are the two major contributors to Nepal’s poor investment climate, a World Bank report says. It forget to mention the number one reason: the Maoists. Nepal 2009 Enterprise Survey points out lack of access to finance and labour regulations as other major obstacles. Obstacles, however, differ from industry to industry.Continue reading “Obstacles for Business in Nepal: Instability and Maoists”