Author: Himalaya Post

Nepal Super League: Biratnagar City FC beats Chitwan FC 2-0

Posted by | May 4, 2021 | ,

Biratnaga – Biratnagar City FC has defeated Chitwan FC 2-0 at the match being held under the Nepal Super League a Dasarath Stadium in Kathmandu on Monday. With the latest victory, Biratnagar City FC has reached the top position with seven points. Although the Biratnagar City FC was aggressive in the first half, it could not score any goal. Foreigner footballer Pendro Manji scored maiden goal for the Biratnagar City FC in the 73rd minute of the match followed by Santosh Tamang in the 89th minute. Biratnagar City FC, in four matches played under the Nepal Super League, clinched its top position with seven points while Chitwan FC remains at the bottom in the League with two points....

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Capital expenditure and its impact in economy 

Posted by | May 3, 2021 | ,

Raju Raya There has been a long debate around ability of capital expenditure to boost long term growth within Nepalese economy. Capital expenditure is expected to achieve the economic growth through a multiplier effect. A lack of capital expenditure is often criticized as neglecting long term targets of economic growth and employment. The creation of capital assets will generate future cash flows for the economy and adds to value creation. As capital expenditure work through multiplier effect it creates effect through expansion of ancillary industries and services and job creation. It also facilitates labour productivity.  Thus, capital expenditure is an effective tool for countercyclical fiscal policy and acts as a macroeconomic stabilizer. Concerns                 The multiplier effect will not take account as people hold idle cash out of fear of unforeseen expenses and survival paramountcy during possible future lockdowns. Inflation induced price rise in food and health also affect the multiplier effect as household would tend to spend much in consumption items. Also, capital expenditure funded by government through heavy domestic borrowing has potential of crowding out capital expenditure by the private sector. During the first wave of Covid-19 a nationwide lockdown, implemented during March –July 2020 impacted economic activity in the last four months of FY20. As a result, output contracted by an estimated 1.9 percent in FY20. Wholesale and retail trade, tourism, transport, and associated services such...

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Prime Minister Narendra Modi’s address at the Climate Summit

Posted by | Apr 23, 2021 | ,

India- Indian Prime Minister Narendra Modi has addressed the Climate Summit. In his address, the he called on all to take this decade forward as a climate change mitigation oriented decade. Pointing out the need for the entire human community to take concrete steps to meet the challenge of climate change, Modi said India was working towards that and aimed to generate 450 gigawatts of renewable energy by 2030. He also said that, India has taken bold steps in the areas of clean energy, energy efficiency, tree planting and biodiversity. Prime Minister Modi has encouraged global efforts such as the International Solar Alliance. On the occasion, Prime Minister Modi and US President Joe Widen also inaugurated the ‘India-US Climate and Clean Energy Agenda 2030 Partnership’. Stating that the partnership aims to make technology clean and environmentally friendly by mobilizing investment, he said, ‘India’s per capita carbon footprint is less than 60 per cent due to the sustainable and traditional lifestyles we have been pursuing for centuries.’ They have even urged everyone to follow the principle of back to...

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Happy New Year 2078 ! (Poem)

Posted by | Apr 14, 2021 | ,

-Shekhar Raj Bastakoti Welcome to the new dawns of 2078, Humanism suffered much in 2077! Pray for the peace and happiness of all, Wish for the removal of the fear in all! Again we rise must be the belief, Inherent in every soul to feel relief! Your advent in such crucial junctures, Is the hope of breath in human architecture! A Satan in the name of Covid 19 on earth, Danced a cruelty by taking many lives from earth! Spread terror, insecurity and fear among all, As if it brings the darkest era for the human fall! Humanity is the conqueror of all challenges, It is the brain to subvert untold catastrophes! Invented cures and remedies of treatment, Still to be proven to shun away the ailment! The coming of the New Year 2078 , Will certainly heal the wounds of 2077! Man will be inspired to live in peace and happiness, The whole humanity will cherish the year with...

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Needed Important Skill for Export Promotion

Posted by | Apr 13, 2021 |

Dr. Suman Kumar Regmi  Practical export skills are needed for widely export sales to neighboring and overseas from Nepal. Skills in global entrepreneurship, international marketing, international finance, and international trade logistics are required  to measure  the influence  of export market  on practical international trade skill. Practical export skill requirements  ranges  substantially by company and  export market. Basic management, marketing, finance, and shipping skills and facilitation are most  important  to successful product exporting  of Nepal. Advanced  skills in strategic management, export  marketing,  and export finance are not important  to  most exporters. Instead, most Nepalese businessperson  and exporters consider the ability to use international trade and  business specialists to be a key export and business skill. Successful exporting  of  Nepalese products require specific and  practical  international trade skills. Just which skills are important , however, remains  largely unknown and never  utilized in Nepalese context. Is there  a template practical skills which prepare  exporters  for all export markets including  domestic market  or do practical export skill requirements  vary by firm, home  country or target  market  differences? Knowing  which practical export skills are important for  successful exporting of Nepalese exportable products to a particular market  could through better preparation or co-participation lead to strengthen export  performance. A substantial work volume has been directed to enhancing export  task. Most  of the task has focused  on the export  behavior of firms/ companies at a domestic...

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