Author: Himalaya Post

Minister Shrestha makes government assurance for safety of contractors

Posted by | Dec 10, 2020 | ,

Kathmandu, 10 Dec:  Minister for Urban Development Krishna Gopal Shrestha has pledged to take up responsibility for the safety of contractors on part of the government. At a meeting with a delegation of Federation of Contractors’ Associations of Nepal (FCAN) on Wednesday, Minister Shrestha conveyed Prime Minister’s concern regarding safety of contractors and construction equipment. On the occasion, Minister Shrestha said he would hold discussion with other stakeholders as well on behalf of the ministry to resolve the problems surfaced in the construction sector. The delegation led by Federation chair Rabi Singh had briefed the minister about the COVID-19 impacts on construction sector and possible solution measures. Among the construction sector issues discussed with the minister were deposit amount, COVID-19 standard, extension of construction deadline, inflation control, banning of extraction of construction materials, law and order, bank guarantee and insurance and credit line commission. The Federation also informed the minister of decreasing trend of cash flow in the construction sector due to prolonged lockdown against COVID-19 and uncertainty of resuming construction following festive season. The Federation had urged the government to arrange the return of five percent of retention money deposited by the construction sector to the state coffer so as to resume the construction works and enliven the economic transaction. The delegation comprised federation’s immediate past president Bishnu Bhai Shrestha, senior vice-president Nikolas Pandey, vice-president Pemba Lama, general-secretary...

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Mt. Everest of Nepal, the world’s highest peak 8848.86 meters now

Posted by | Dec 8, 2020 | , ,

Kathmandu – The world’s highest peak of Nepal Mt. Everest is 86 centimeters higher now then its previous height. According to the Government of Nepal the new height of Mt Everest is reached 8848.86 meters. The previous height of Mt. Everest was 8848 meters. Nepal for the first time measured the height of Mt Everest with its own means and resources. Nepal measured the height of Mt Everest taking around two...

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NMB Bank bags ‘The Bank of the Year 2020’, thrice in 4 years

Posted by | Dec 3, 2020 | ,

NMB Bank has been awarded the prestigious “Bank of the Year-2020”, by The Banker, The Financial Times, London, the third award in 4 years. The Bank has had a remarkable growth trajectory evidently reflected in the growth in its balance sheet size and its balanced network expansion that covers urban-semi urban and rural corners of the country. NMB has positioned itself as the bank that does things differently and translated the same in its core focus areas Renewable Energy, Agriculture, MSMEs/SMEs, and Digitization. The Bank’s drive to promote Sustainable Value Based Banking in allegiance to its membership of the Global Alliance for Banking on Value has seen the Bank achieve international membership including that of the steering committee member of Partnership for Carbon Accounting Financials (PCAF) joining a league of international banks like ABN Amro and Morgan Stanley amongst others. NMB today is the most preferred Nepalese Bank for international institutions for extension of credit lines as a result of the Bank is able to usher in FDI at critical times. NMB is also one of the leading Banks to implement Environmental And Social Risk Management Policy that seeks to mitigate environment and social risks caused by businesses. The Bank of the Year award defines for banking excellence globally.  The winners are judged on the basis of their ability to deliver returns to shareholders, bank’s financial performance, shareholders’ value,...

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If you wish to grow your business create win-win situation in the society

Posted by | Dec 1, 2020 | ,

Durga Chudal Nepalese business organization has been able to expand its operations immensely throughout the world, not considering the geographical constraints. The dream of Nepalese business organization can turn into realism, being a global market leader. Today the world of business has been expanding its boundaries globally. Now the Nepalese business competition is not only within the internal markets but among the external markets as well. Such a global perspective has introduced new opportunities as well as threats to the existing market. Nepal, even being a least developed country, has also been experiencing the waves of globalization that has shattered the conventional business system.  In the past days Nepalese business were practiced through controlled economy, businesses were never encouraged to be competitive in the global market. Most of Nepalese enterprises had a limited capacity, operating with low levels of technology. They were not efficient and competitive. After economic reforms, the country introduced some economic alleviation programs but many businesses could not adapt to such modifications because of the sudden drastic change in the environment they worked in. During the initial years of economic reforms, there was an exaggerated reaction to the globalization effect as the process of alleviation was not systematic and planned. Nowadays business organizations in Nepal began to realize their limitation as they were not geared to meet the challenges of global competition. As a result, business...

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Shringla inaugurates four development projects in Gorkha and Manang

Posted by | Nov 28, 2020 | ,

On the second and final day of his official visit to Nepal, Foreign Secretary of India Harsh Vardhan Shringla addressed a limited gathering of leading civil society members on India-Nepal relations at an event hosted by the Asian Institute of Diplomacy and International Affairs (AIDIA) in Kathmandu. His speech laid out the foundational multi-dimensional strength of the ties between the two countries and the vision for taking it forward.  In the afternoon, Foreign Secretary Harsh Vardhan Shringla travelled to Gorkha and inaugurated three schools constructed with Indian reconstruction assistance viz. Shree Mahalaxmi, Shree Ratnalaxmi and Shree Tara Secondary Schools, in the presence of Mr. Ram Krishna Sapkota, Secretary, National Reconstruction Authority of Nepal. There are about 1600 students in these three schools who now have the advantage of the newly constructed earthquake resilient school buildings. These schools are part of 71 educational institutes across nine districts being built under Government of India grant assistance of US $ 50 million for reconstruction in the education sector. The nine beneficiary districts are Gorkha, Nuwakot, Sindhupalchowk, Ramechhap, Dolakha, Kavrepalanchowk, Dhading and Kathmandu. Speaking on the occasion, Foreign Secretary emphasized that education is the best investment in the future of the country and its people. Since 2003, Government of India has built nearly 270 educational campuses across Nepal under High Impact Community Development Projects scheme, complementing the efforts of Government of Nepal in this...

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