Gagan Thapa speech -Columbia University, New York

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NEw highest paying Bank ceo in Nepal

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Cap CEO salaries and allowances to below 5% percent of employees´ pay bill or 0.025% of total assets, whichever is less ( See the Graphs above and crunch some number to figure out,who is making how much money) (number ON GRAPH IN 000) . Vehicle to CEO must not exceed 50% of annual salary and allowances Cap not applicable to banks in trouble, branches of foreign banks, banks having govt. So,Mr Anil k Shah will be the lowest paid CEO? Irony is Nabil Bank CEO will be the highest paid banker in the country .. Reading the headline “Central bank caps CEO perks and benefits” in this news paper ,forced me to revisit an op-ed written in 2009 by Paul Krugman, Noble Laureate in Economics. The op-ed was titled “Making Banking Boring”. In the piece Professor Krugman argues stronger regulation and salary cap in the financial industry could have prevented the ongoing great global financial debacle. He further adds caping compensation will force nation’s best and brightest people to leave t...
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good economics need not always mean good politics...Is Nepal's development economics tht good?

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In terms of overall human development, Nepal has moved from being a ‘low human development' country with Human Development Index (HDI) less than 0.5 in the 1990s to a‘medium human development country’ (HDI between 0.5 and 0.8). However, amongst this group Nepal ranks in the bottom quartile (UNHDR, 2009). Nevertheless, between 1980 and2007, Nepal maintained an average annual HDI growth rate of 2.16%, the highest in the world (UNHDR 2009) " One lesson of the Arab annus mirabilis , then, is that good economics need not always mean good politics; the two can part ways for quite some time. It is true that the world’s wealthy countries are almost all democracies. But democratic politics is neither a necessary nor a sufficient condition for economic development over a period of several decades." CLICK HERE TO READ MORE
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