Nepal @ 2080 BS
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It is really encouraging sign that five former prime ministers came together in a common platform with a common vision to revolutionise the economy. As leaders of their respective parties also, their commitment towards the economic development of the country is positive if their commitment is translated into the execution when they lead the government. These commitments have given assurance to the business community, which is at low confidence at the moment for making big investments. Hopefully the execution of this commitment would help boost their confidence. The 12 point commitment shown by the political party senior leaders cum former prime minister sounds really encouraging if they are implemented. I would like to specially thank New Business Age and Birgunj Chamber of Commerce and Industry for creating a platform to bring them together and join hands for country’s better economic future. - Binod Bhushal, New Road
Multiplex Effect
Movies have become an integral part of urban mass culture. Whether watched on a small screen or a huge multiplex screen, they entertain people of all ages. In urban centres, multiplexes and cinema theatres are favourite destination of young and old generation to watch movies. Whether be it with friends or with families, theatres have become well loved destinations for enjoying latest movies and for weekend hangout.This trend has helped these silver screens to become a lucrative business. It has not only entertained people but also created a market for both domestic and international movies. It is said that the growth of audience is increasing with the increase in quality theatres and it is bound to grow with the rise in people’s living standard and purchasing power.
- Samrachana Wagle, Tikathali
Federal Economy
Nepal has been declared a federal state by the interim constitution but it still remains to be implemented. Federal structure of Nepal was a hot debate during the tenure of the first Constituent Assembly and it is bound to retain in the second Constituent Assembly also. Viability of the federal states delineated on the basis of ethnicity and single-identity is still debated and discussed at the intellectual level.
Various aspects of federalism must be discussed at the people’s level before coming to a conclusion and people must be well aware of what is being decided for them by the government or political parties at the centre. Federalism is necessary in Nepal to end all sort of social and economic disparities through scientific and equitable distribution and use of natural resources and geographical richness. It is more of a economic proposition than a political one.
- Subexya Simkhada, Bijulibazar
Employee Retention
Employee turnover can be challenging to companies if it is too high and too frequent. Though turnover is quite natural, employee retention has its own benefits. Employees always seek better opportunities and if the present office successfully offers possibilities for growth and other opportunities, it is said that employees can be retained for a long time. However it is not the sole factor that retains employees. If working space and working environment is homely and professional at the same time, i believe one develops a sense of attachment and ownership towards the organisation which is important for both employees and the employer. It is also a responsibility of the leader or the boss to ensure such environment while creating a healthy working environment.
- Sobhit Sharma, Naxal
Growing Hospitality
The hospitality education in Nepal is growing and it has shown signs of further growth into the future. There is huge potential for the growth of hospitality and tourism industry. Growth of this industry is going to create lot of employment opportunities hospitality professionals. Young students attracted to this sector are not only looking for opportunities within the country but also beyond national borders. However, experts opine that the domestic growth will trigger higher demand for highly skilled professionals ensuring that the graduates are absorbed within the country. The growth of hotels and resorts across the country is a good sign as they seek professionals to provide top notch quality services. Therefore, the hospitality education goes hand on hand with the growth of the hospitality industry.
- Rudra Joshi, Nagarkot
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