Meet Spending GoalsBy The Rising Nepal
The role of public expenditure is crucial to expedite the economic development of a country. Increased government expenditure, especially the capital spending, will have both direct and indirect impacts on increasing private investments and creating new jobs in the country. On th
High Hopes For TourismBy The Rising Nepal
Tourism is undoubtedly one of the world’s key sectors contributing to creating jobs and livelihoods for millions of people in both developing and developed countries. This multi-faceted industry is said to support one in 10 jobs and offer livelihoods for a large number of people worldwide. According to the United Nations World Tourism Organisation (UNWTO), tourism is the third-largest export category after fuels and chemicals. In 2019, tourism accounted for seven per cent of global trade. Many...
Sustainable Energy For AllBy The Rising Nepal
Energy has been an indispensable element in every moment of life. Without energy, people’s daily routine and works become chaotic and disrupted. The use of various forms of energy -- electricity, solar, wind power, geothermal and biomass, among others -- are the key to sustenance of human life. In fact, the discovery of fire -- the biomass energy -- heralded the human civilisation on the earth. As the primitive human started to eat roasted and cooked food, especially meat, ther
End Poverty, HungerBy The Rising Nepal
Poverty and hunger are the two faces of the same coin. Being one of the least developed as well as landlocked countries, Nepal has been facing double trouble owing to various reasons. The limited fiscal space does not allow the nation to go the whole hog in tackling an unfavourable food security system. The situation is further aggravated after natural calamities such as climate change impacts and the recent outbreak of the pandemic have pulverised our agriculture and economy.
Recovery And GrowthBy The Rising Nepal
Nepal’s economy is poised to grow by 4.1 per cent in the fiscal year 2021/22, forecasts a report published by the Asian Development Bank (ADB). If the report is anything to go by, the country is set to emerge from the pandemic and things will change for the better. It paints a largely sanguine picture of the country’s economy for the coming year. The projected growth is a decent one compared with 2.3 per cent in the year before, and shows the country is on the path to economic recovery. As more...
Facilitating FDI InflowBy The Rising Nepal
Nepal is rich in natural resources but it has been unable to tap them in the absence of adequate capital, technology and managerial skills. As a result, its industrialisation process has slowed down. In early 1990s, Nepal adopted liberal economic policy with a view to attract foreign direct investment (FDI) that plays a vital role in building big infrastructure projects through the mobilisation of capital, human and natural resources and technology transfer. The FDI also involves financial and market...
Energy RoadmapBy The Rising Nepal
Nepal has made significant progress in the area of energy development. Focus now should be on managing, maintaining, preserving and promoting energy resources. There is a need of developing a plan of action to increase the access of people to energy. Lack of energy hampers multiple area of human life. Energy crisis in the past has affected development efforts of Nepal when power outages used to take place regularly. Now the state of electricity production and management is better an
Unique Cultural HeritageBy The Rising Nepal
The Kathmandu Valley is home to a myriad of monuments, temples, shrines, traditional festivals and other exceptional cultural events. Thus, the valley has been a suitable place for all those interested in monuments and culture for centuries. The heritage sites and cultural festivals have been a major attraction among foreign as well as domestic tourists visiting Kathmandu. The ongoing eight-day long Indra Jatra, which is commonly known as Yenya in Nepal Bhasa, is the biggest religio
Implement The StatuteBy The Rising Nepal
The country observed the Constitution Day amidst a variety of programmes on Sunday. Six years have passed since the national charter was promulgated by the elected Constituent Assembly in 2015. It is the special day in the life of the nation as the statute embodies a moment of political victory. It documents the historic gains made with the joint struggles of the people from all walks of life. It is the grand outcome made through all trials and tribulations. As the dossier of the highest faith, it...
Technology For DevelopmentBy The Rising Nepal
Advancement in science and technology is a way to attain prosperity of a nation. At present, almost all sectors have benefitted from the utilisation of new technologies that help expedite development in every sector. Many nations, especially the US, Europe, Japan, China and many more, have achieved envious prosperity by utilising technologies in their respective education, agriculture, production and health sectors, thanks to the new progress they have achieved in the science and technology fields....
Rail And RelationsBy The Rising Nepal
It goes without saying that Nepal and India have enjoyed cordial relations at political, economic and cultural levels since time immemorial. Nepal not only imports a lot of consumer and other goods from the southern neighbour but also utilises some of the Indian ports for international trade. With better road, railway and air connectivity and necessary institutional development, the trade relations between the two nations have been enhanced further. Inked in 2004, the Railway Services
Preserve Mythical PondsBy The Rising Nepal
Some places are known for their cultural and spiritual values. They draw respect and admiration from a wide segment of population. Many people visit them to take inspirations and obtain spiritual bliss. Janakpur, also known as the capital of kingdom of Videhas, is a similar place of historic importance. Located in central Terai, Janakpur is now the temporary capital of Province 2 but its history goes back to thousands of years when it was centre of learning and enlightenment. During the reign of...
COVID-safe ClassesBy The Rising Nepal
As the number of daily cases of COVID-19 has been declining recently, schools across the country are planning to resume physical classes. Some schools have already reopened for the physical presence of their students. A few days back, the federal government had formally asked the local governments to take stock of ground situation about COVID-9 and come up with appropriate decision on their own on resuming classes. Meanwhile, member countries of WHO South-East Asia Region, including Nepal
Boost Capital SpendingBy The Rising Nepal
Notwithstanding the unprecedented impacts of the protracted COVID-19 pandemic on the overall national economy, the government is determined to achieve a seven per cent economic growth target set in its budget for the current fiscal year. In the past, most development projects would not be executed in a time-bound and effective manner owing to various lapses. The trend of spending capital budget was not so encouraging. The country was able to utilise only 64.69 per cent of Rs. 352.9 development budget...
Concern On HomicidesBy The Rising Nepal
The birth of modern human from animals is perhaps the biggest biological evolution as this heralded human civilisation on the Earth. Humans became different from other creatures by virtue of their sharp brain, discerning consciousness and emotional intelligence. Over the millennia, they developed inherent qualities – rationality, wisdom, morality, compassion, love, cooperation and solidarity, which are essential to foster collective existence, peace and prosperity. Although the long civilisational...
Revised Budget Focuses On Economic RecoveryBy The Rising Nepal
Amid the opposition's uproar, the finance minister Friday presented a revised national budget for the current fiscal year in the House of Representatives, which saw a downsizing in the budget, unveiled earlier by the erstwhile KP Sharma Oli-led government. The current government felt it necessar
Boosting InvestmentBy The Rising Nepal
As Nepal is bracing for graduating to a middle-income country and achieving Sustainable Development Goals (SDGs) by 2030, the nation now needs to focus on implementing a variety of development projects by mobilising domestic as well as foreign investments. These goals can be met only by making great strides in the economic, social and ecological sectors. No doubt, the country offers a lot of opportunities for investors to invest. Some of the potential areas of investment include energy, communication...
Tasks Before ParliamentBy The Rising Nepal
Fresh sessions of both the Houses of federal parliament – the House of Representatives (HoR) and National Assembly - kicked off on Wednesday. The Parliament Secretariat has already published 32-point potential business schedule for the meetings of Lower and Upper Houses. The parliament has now many important tasks to be dealt with in earnest. The House sessions followed some crucial political developments associated with the consolidation of federal democratic system. It will see the presence of...
Civil Service EfficiencyBy The Rising Nepal
The 18th Civil Service Day was marked across the country on Tuesday. It is celebrated annually on Bhadra 22 since 2061 BS. The Day is marked on Bhadra 22 on commemorate the first Civil Service Act as it was introduced on Bhadra 22 in 2013 BS. The country began celebr
Curb Human TraffickingBy The Rising Nepal
Human trafficking has been one of the major social problems facing Nepal, with many people being trafficked to different countries for various purposes every year. Traffickers bait the vulnerable persons for making profits by engaging them in the forced labour and commercial sex. The poor and unemployed people who are hoping for a better life and have an unstable family life are more vulnerable to trafficking than others. The perpetrators are often found promising a high-paying job, a lovin