I was watching a video on Medical Tourism in India . I started thinking about the possible opportunity in Nepal .I googled Nepal medical council ,their web site was not even updated and most of the linked page are blank..............What a shame .. ......
With increasing number of Nepalese student getting degree in Medical science .Health ministry should at least start an initiative . Which in long run will also have a spill over effect for Nepalis ..........
http://www.youtube.com/watch?v=TszOUpuVA38
Friday, March 27, 2009
Wednesday, March 25, 2009
Nepal 121st from 96th as biz destination
Kathmandu: Nepal slipped 25 places down to rank 121st on the list of the world’s best countries for business, compiled by the Forbes. Nepal lost ground in areas like property rights, innovation, technology, red tapism and personal freedom.
Nepal has moved down from its previous 96th position in Forbes’ annual list, which ranks 127 nations on the basis of business climate in a country for entrepreneurs, investors and workers. Denmark topped the chart — for the second consecutive year followed by the US that moved up from last year’s fourth position.
“This is not a tally of economies with high gross domestic product (GDP) growth, or low unemployment.
The goal is to quantify for entrepreneurs and investors the often-qualified information about dynamic economies and what they would consider desirable conditions for business,” said the Forbes.
In the South Asian region, all other countries except Bangladesh slipped from their last year’s position. India has slipped 11 places to rank 75th while Sri Lanka slipped to 83rd postion from last year’s 67th. Pakistan slipped to 101st spot from last year’s 83rd. However, Bangladesh moved up four places to 106th position from last year’s 110th.
All the South Asian countires posted a negative performance in personal freedom and increased red tapism. But amazingly, Nepal has done better in protection of investors’ interests in comparison to other South Asian countries, where they have dismal performance, according to Forbes.
Canada and Singapore moved up four places each to number three and four respectively. Other countries in the top 10 this year include New Zealand, the UK, Sweden, Australia, Hong Kong and Norway. New Zealand, Australia and Norway joined the top 10 list this year while Finland, Ireland and Switzerland were dislodged from this league.
Big movers included New Zealand (no 5, seven places up), followed by Jordan (no 33, 28 places up), Australia (no 8, five places up), the UAE (no 46, 28 places up) and Malaysia (no 25, 13 places up).
According to the report, Nepal has considerable scope for exploiting its potential in hydropower and tourism, areas of recent foreign investment interest. “Prospects for foreign trade or investment in other sectors will remain poor, however, because of the small size of the economy, its technological backwardness, its remoteness, its landlocked geographic location, civil strife and its susceptibility to natural disaster,” said Forbes that gives more points to personal freedom.
Amid financial turmoil this year, Forbes added stock market performance to reflect the extent of disrepair in countries’ banking systems as well as investor confidence in a recovery. Intellectual property rights, the promotion of free trade and low inflation, combined with low taxes on income and investment, give a snapshot of the conditions for business in each.
Sliding down the most this year was Ireland (no 14, 12 places down), which even saw plans for a Guinness mega-brewery shelved by parent Diageo as exports slowed. Uruguay (no 66, 22 places down), Armenia (no 94, 31 places down), Paraguay (no 99, 29 places down) and Latvia (no 45, 13 places down) rounded out this year’s losers.Nepal 121st from 96th as biz destination
Nepal has moved down from its previous 96th position in Forbes’ annual list, which ranks 127 nations on the basis of business climate in a country for entrepreneurs, investors and workers. Denmark topped the chart — for the second consecutive year followed by the US that moved up from last year’s fourth position.
“This is not a tally of economies with high gross domestic product (GDP) growth, or low unemployment.
The goal is to quantify for entrepreneurs and investors the often-qualified information about dynamic economies and what they would consider desirable conditions for business,” said the Forbes.
In the South Asian region, all other countries except Bangladesh slipped from their last year’s position. India has slipped 11 places to rank 75th while Sri Lanka slipped to 83rd postion from last year’s 67th. Pakistan slipped to 101st spot from last year’s 83rd. However, Bangladesh moved up four places to 106th position from last year’s 110th.
All the South Asian countires posted a negative performance in personal freedom and increased red tapism. But amazingly, Nepal has done better in protection of investors’ interests in comparison to other South Asian countries, where they have dismal performance, according to Forbes.
Canada and Singapore moved up four places each to number three and four respectively. Other countries in the top 10 this year include New Zealand, the UK, Sweden, Australia, Hong Kong and Norway. New Zealand, Australia and Norway joined the top 10 list this year while Finland, Ireland and Switzerland were dislodged from this league.
Big movers included New Zealand (no 5, seven places up), followed by Jordan (no 33, 28 places up), Australia (no 8, five places up), the UAE (no 46, 28 places up) and Malaysia (no 25, 13 places up).
According to the report, Nepal has considerable scope for exploiting its potential in hydropower and tourism, areas of recent foreign investment interest. “Prospects for foreign trade or investment in other sectors will remain poor, however, because of the small size of the economy, its technological backwardness, its remoteness, its landlocked geographic location, civil strife and its susceptibility to natural disaster,” said Forbes that gives more points to personal freedom.
Amid financial turmoil this year, Forbes added stock market performance to reflect the extent of disrepair in countries’ banking systems as well as investor confidence in a recovery. Intellectual property rights, the promotion of free trade and low inflation, combined with low taxes on income and investment, give a snapshot of the conditions for business in each.
Sliding down the most this year was Ireland (no 14, 12 places down), which even saw plans for a Guinness mega-brewery shelved by parent Diageo as exports slowed. Uruguay (no 66, 22 places down), Armenia (no 94, 31 places down), Paraguay (no 99, 29 places down) and Latvia (no 45, 13 places down) rounded out this year’s losers.Nepal 121st from 96th as biz destination
Tuesday, March 24, 2009
BYE BYE DOLLAR ?
BEIJING -- China called for the creation of a new currency to eventually replace the dollar as the world's standard, proposing a sweeping overhaul of global finance that reflects developing nations' growing unhappiness with the U.S. role in the world economy.
The unusual proposal, made by central bank governor Zhou Xiaochuan in an essay released Monday in Beijing, is part of China's increasingly assertive approach to shaping the global response to the financial crisis.
China's a Bellwether
David Semple of Van Eck Emerging Markets Fund outlines opportunities in China's real-estate and retail sectors, along with greater stability in Russia. But the situation in Eastern Europe is still uncertain. Polya Lesova reports.
Mr. Zhou's proposal comes amid preparations for a summit of the world's industrial and developing nations, the Group of 20, in London next week. At past such meetings, developed nations have criticized China's economic and currency policies.
This time, China is on the offensive, backed by other emerging economies such as Russia in making clear they want a global economic order less dominated by the U.S. and other wealthy nations.
Read More
China Journal: Precedent for Zhou's CommentsBeijing Faces Big Barriers to Supplant DollarVideo: China's a BellwetherText: Reform the International Monetary SystemHowever, the technical and political hurdles to implementing China's recommendation are enormous, so even if backed by other nations, the proposal is unlikely to change the dollar's role in the short term. Central banks around the world hold more U.S. dollars and dollar securities than they do assets denominated in any other individual foreign currency. Such reserves can be used to stabilize the value of the central banks' domestic currencies.
Monday's proposal follows a similar one Russia made this month during preparations for the G20 meeting. Like China, Russia recommended that the International Monetary Fund might issue the currency, and emphasized the need to update "the obsolescent unipolar world economic order."
THIS ARTICLE WAS PUBLISHED IN WALL STREET JOURNAL
The unusual proposal, made by central bank governor Zhou Xiaochuan in an essay released Monday in Beijing, is part of China's increasingly assertive approach to shaping the global response to the financial crisis.
China's a Bellwether
David Semple of Van Eck Emerging Markets Fund outlines opportunities in China's real-estate and retail sectors, along with greater stability in Russia. But the situation in Eastern Europe is still uncertain. Polya Lesova reports.
Mr. Zhou's proposal comes amid preparations for a summit of the world's industrial and developing nations, the Group of 20, in London next week. At past such meetings, developed nations have criticized China's economic and currency policies.
This time, China is on the offensive, backed by other emerging economies such as Russia in making clear they want a global economic order less dominated by the U.S. and other wealthy nations.
Read More
China Journal: Precedent for Zhou's CommentsBeijing Faces Big Barriers to Supplant DollarVideo: China's a BellwetherText: Reform the International Monetary SystemHowever, the technical and political hurdles to implementing China's recommendation are enormous, so even if backed by other nations, the proposal is unlikely to change the dollar's role in the short term. Central banks around the world hold more U.S. dollars and dollar securities than they do assets denominated in any other individual foreign currency. Such reserves can be used to stabilize the value of the central banks' domestic currencies.
Monday's proposal follows a similar one Russia made this month during preparations for the G20 meeting. Like China, Russia recommended that the International Monetary Fund might issue the currency, and emphasized the need to update "the obsolescent unipolar world economic order."
THIS ARTICLE WAS PUBLISHED IN WALL STREET JOURNAL
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