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‘All human beings are entrepreneurs by birth’

Muhammad Yunus received the Nobel Peace Prize in 2006 for his pioneering work in microcredit, which has helped millions of people out of the poverty cycle. The first businessman ever to receive such a high honor, Yunus and the Grameen Bank he founded revolutionized conventional ways of banking, creating a system of lending money to


DOING BUSINESS: what it means for Nepal?

Arbin Aryal – Each and every business entrepreneurs are motives by profit and directed towards the growing growthrate or at least consistence growthrate of income from their business venture. The world becomes a global village due to the easy access of communication and modern economic uniform. The people of one country or territory can easily


Changing Trend in Microfinance

Prakash Raj Sharma, CEO, Laxmi Laghubitta Bittiya Sanstha Ltd. – Microfinance as it seen today was not same when it was started by Md. Yunus, a professor of economics in 1976. It was the “microcredit” at the start and was initiated from a small village of Bangladesh by providing credit to craftswomen who were struggling


Sustainable Development in Nepalese Context

Madan Shrestha – Sustainable Development has been a global agenda for development Goals.The development comes from roots of the society. Development is a subjective thing. It is an economic growth has been used with other terms such as development, modernization, westernization and industrialization. Furthermore sustainable development is the development that meets the requirements of the


Basel Accord and Nepalese Banking Industry

Arbind Aryal – The growth of each economy depends on the strength of the financial system. In the context of Nepalese banking industry after the insurgency period of civil war and inaugurations of new provisional constitution in 2062, private sector entrepreneur play a role of Catalyst in developing the financial literacy and awareness by investing


Sprouting Micro Finance

Madan Shrestha – Role of financial institutions is excessive to build nation. Nepal is one of the least developed countries in the world and poorest within South Asia. The rate of poverty decline is very low. Considering the reason for this slow development could be less per capita income, and urban focused growth. Microfinance could


A big success of GST implementation there has not been any inflation  

Finance secretary Hasmukh Adhia expects average goods and services tax (GST) revenues of Rs 1 lakh crore a month this year, with collections rising substantially as evasion is checked. As GST rollout completes one year, Adhia tells ET in an interview that the impending simplified form will make evasion difficult. Edited excerpts:    GST rollout will complete