How To Stop The Global Economy From Plunging Into A Depression?

Yuwa Hedrick-Wong- There is little doubt that the global economy is in recession, which is defined by the IMF as growing less than 2% a year. Looming on the horizon is the even darker threat: global depression, which is characterized by a decline in real GDP exceeding 10% in more than one major economy and lasting


COVID-19 : Developing Asia Growth to Fall this Year

Regional economic growth in developing Asia will decline sharply in 2020 due to the effects of the novel coronavirus (COVID-19) pandemic, before recovering in 2021, according to the Asian Development Outlook (ADO) 2020, the Asian Development Bank’s (ADB) annual flagship economic publication. The report forecasts regional growth of 2.2% in 2020, a downward revision of 3.3


COVID-19 : A Perfect Opportunity for Humans to Introspect

Paromita Vohra- The meditative quiet of my current physical isolation is regularly punctuated by the soft cha-chings of Calendar notifications. As I clean coriander, slice onions, wash the mixie and attend online meetings at home, an Other Me of the notifications, roams around the world — Birkbeck College panel, Morocco conference, Delhi seminar. Your flight


What is ‘BIMSTEC’? What was it established for?

The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is a regional organization comprising seven Member States lying in the littoral and adjacent areas of the Bay of Bengal constituting a contiguous regional unity. This sub-regional organization came into being on 6 June 1997 through the Bangkok Declaration. It constitutes seven Member


25 banks enters in billionaire club

Among the 28 A class Banks, 24 banks increased their profit in the last fiscal year in comparison to previous one. Profit of 25 banks is in billion. Rastriya Banijya Bank is at the top and Civil Bank is at the bottom in terms of profit amount. S.N Banks Profit last year Profit Previous Year


Current Macroeconomic and Financial Situation of Nepal

(Based on Annual Data of 2017/18) Macro-Financial Outlook 1. The recent national, international and monsoon related developments portend a mixed macro-financial outlook for 2018/19. On the domestic front, successful conclusion of elections, formation of governments and the formulation of budget at all three levels of governments have the potential to create a conductive environment for


Process of opening an bank account in Korea

Setting up a bank account requires proper identification and proof of residency. Usually, a valid passport and an alien registration card suffice as documents for review by commercial banks. Once a bank account is open, the bank will issue a check card. The time taken to issue check cards may vary by bank. Every check


7 tips to be followed before and during the banking job interview

Rupa Koirala/Banking Khabar – If you want a banking job, you must prepare yourself in the same way, because you aren't the single person to apply for the respected job. Why should a bank select you among several applicants? For this, you must have that extra skill, capacity or the ability which is useful for


8 Qualities, one must develop to get job at bank

Gobinda Dhakal, President, Development Bankers Association – Banking sector of Nepal is busted in last few years. Despite of decrease in number of banks, their network is growing all over Nepal. These banks and their branches are providing thousands of employment. I hear that people are complaining about banks for not giving job to the


Merger and acquisition in banking industry: Needs and Consequences

Arbin Aryal – No one wants to lose their job or position whether for the development of the organization itself or for the sustainable growth of the other stakeholder of the organization. Issuance of the FPO, RIGHT, and BONUS in term of equity is the result of those effects. The word Merger is indeed better