Asia > Southern Asia > Nepal

Nepal

Capital: Kathmandu; GDP growth (annual %) 2016: 0.6%;

The Bangladesh, Bhutan, India and Nepal (BBIN)

The Bangladesh, Bhutan, India and Nepal (BBIN) sub-regional grouping has realised that narrowing connectivity gaps is a must for facilitating regional trade. Improved connectivity, which the South Asian Association for Regional Cooperation (SAARC) is only making slow evolution on, is essential to providing cheaper access to goods and services, creating additional jobs and from presently on helping to alleviate poverty at a faster rate.

The BBIN initiative, as such, has emphasised building connectivity from its beginning. Its vision involves increasing trade and cooperation within eastern South Asia, ensuring faster movements of goods and people, building sustainable development through water resource management and striving for climate protection.
More >
Higher earning Why a university degree is worth more in some countries than others

A university education may expand your mind. It will as well fatten your wallet. Data from the OECD, a club of rich nations, show that graduates can expect far better lifetime earnings than those without a degree.

The size of this premium varies. It is greatest in Ireland, which has a high GDP per chief and rising inequality. Since 2000 the unemployment rate for under-35s has swelled to 8% for those with degrees – but to additional than 20% for those without, and nearly 40% for secondary school drop-outs. The country’s wealth presently goes disproportionately to workers with letters next their names.
More >
Finance Minister of the Year 2016

Finance Minister of the Year 2016 awards celebrate the officials that have best managed to stimulate increase and stabilise their economy.

Global and Asia-Pacific

Ram Sharan Mahat, former finance minister, Nepal

Ram Sharan Mahat receives The Banker’s World and Asia-Pacific Finance Minister of the Year awards for his exemplary work in the aftermath of the two disastrous earthquakes that hit Nepal in 2015 and in pushing for reforms to improve governance in the country’s ministry of finance. More >

GlObserver provides the latest business news Country Analysis and Reports for A

Key Facts: Full name : Nepal
Population: 29.8 million (UN, 2010)
Area: 147,181 sq km (56,827 sq miles)
Major language: Nepali
Major religions: Hinduism, Buddhism
Life expectancy: 68 years (men), 70 years (women) (UN)
Monetary unit: 1 Nepalese rupee = 100 paisa
Main exports: Carpets, clothing, leather goods, jute goods, grain
GNI per capita: US $480 (World Bank, 2010)
Internet domain: .np
International dialling code: +977

top news

Climate change laws around the world
2017/05/14
There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

More >
Asia Economic Roundup: July 2016
2016/07/18
Without a doubt Britain’s decision to abandon the European project will be remembered globally as a wake-up call for political elites around the world. It seems the people chose to go against immediate economic interest and accept an extra financial turmoil in order to address deeply seated social and identity issues.

Although Asia’s exposure to the UK is relatively limited and this is not exactly a “Lehman Moment”, nonetheless we can expect a lively debate as policymakers in Asia look for an appropriate response to address the needs of vulnerable households.

More >
Tourism to Nepal is large business.
2014/03/18
Tourism to Nepal is large business. This counts not only for the a lot of honest tour operators, hotel executives and tour guides, but as well for those that run illegal scams in that mountain Himalayan country.

Nepal’s poverty index is probably one of the highest in the world, despite its rich water resources and the abundance of plant life. Political instability has made matters worse and the next affects of a communists insurgency has left a lasting legacy of disability and a lot of maimed and disabled for a lifetime. Poverty and a pretty high illiteracy rate have added to growing unemployment figures as per government statistics.

More >