The two sources are about Supreme Court decisions in Nepal related to labor and procurement laws. The first case involves a dispute between Yak & Yeti and its employees over the application of a minimum wage increase. The Supreme Court ruled that the minimum wage increase applies to all employees, regardless of their level or…

The article discusses the increasing use of artificial intelligence (AI) and automation in the financial sector. It highlights the opportunities these technologies present for greater efficiency and strategic decision-making but also explores the risks and challenges associated with their adoption. The authors emphasize the need for skilled professionals to leverage AI effectively, while also advocating for a robust regulatory framework to ensure its ethical…

This article discusses the implementation of the Nepal Financial Reporting Standards (NFRS 9) in Nepal’s banking and financial institutions. The text highlights the differences between NFRS 9 and the previous standard, NAS 39, particularly focusing on the expected credit loss (ECL) model. It then delves into the three-stage process of ECL, explaining the different stages…

This article from the Institute of Chartered Accountants of Nepal explains how to make sound investment decisions when projects have different lifespans. The author focuses on the Equivalent Annual Benefit (EAB) and Equivalent Annual Cost (EAC) methods, which translate uneven cash flows into comparable annual figures. These methods help companies choose projects with the highest annual benefits or lowest…

The provided is from a detailed article exploring the concept of Central Bank Digital Currencies (CBDCs), specifically focusing on their potential implementation in Nepal. The article first defines CBDCs and explains their key principles and features, drawing comparisons with cryptocurrencies. It then discusses the advantages of CBDCs, including their ability to enhance financial stability, promote…

This article explores the opportunities and challenges presented by the rapidly growing digital payment system in Nepal. It highlights the increasing use of mobile and internet banking, as well as the adoption of new payment methods like QR codes and digital wallets. However, the author also cautions against the dangers of cybercrime, including data breaches,…

The discussion outlines the regulations for foreign direct investment (FDI) in Nepal, particularly focusing on the Foreign Investment and Technology Transfer Act (FITTA). It presents a negative list of industries where FDI is not permitted, such as animal husbandry, small and medium businesses, and professional services. The text then explores potential loopholes for investment in these restricted industries, suggesting alternative…

The provided text is an article that examines the role of chartered accountants (CAs) in the economic development of Nepal. The article explores the challenges faced by CAs, the contributions made by the Institute of Chartered Accountants of Nepal (ICAN) in regulating the profession, and the crucial role CAs play in promoting financial transparency, accountability,…

This article examines the role of Double Taxation Agreements (DTAs) in attracting Foreign Direct Investment (FDI) to Nepal. The author discusses the benefits of DTAs in mitigating double taxation, promoting cross-border investment, and fostering economic cooperation. The article then analyzes Nepal’s current DTA network, identifying strengths, weaknesses, and opportunities for expansion. Finally, the author provides…

The author argues that ESG (Environmental, Social, and Governance) frameworks, while well-intentioned, are flawed and ultimately harmful to developing nations. The author contends that ESG promotes Western priorities at the expense of local development needs, leading to neo-colonial economic control. ESG’s focus on environmental sustainability, while important globally, often overlooks immediate challenges faced by developing…