This post discusses the complexities of China’s economic pragmatism and geopolitical principles in a post-dollar era, analyzing the potential implications of China’s de-dollarization efforts on its regional ambitions, particularly concerning Taiwan. The article explores the global response to China’s push for the renminbi (RMB) as an alternative global currency, examining the potential shift in international…

The discusses a series of comments on a social media post discussing Nepal’s rapid adoption of electric vehicles (EVs). The comments highlight the significant price difference between EVs and traditional vehicles due to lower customs duties on EVs, prompting a debate about the government’s financial sustainability and the impact on revenue from traditional vehicle taxes.…

This document presents a comprehensive overview of Artificial Intelligence (AI) in Nepal. The authors discuss the concept of AI, its benefits, and its potential applications in various sectors, including healthcare, agriculture, education, and tourism. The paper also outlines the challenges and risks associated with AI, such as data privacy concerns and the need for ethical…

The article, “Money creation in the modern economy,” published by the Bank of England’s Monetary Analysis Directorate, seeks to clarify how money is created in modern economies, emphasizing the role of commercial banks in this process. The article debunks common misconceptions, such as the idea that banks simply act as intermediaries lending out existing deposits,…

This discussion presents a long list of acronyms related to corporate social responsibility (CSR) and sustainability, highlighting a perceived imbalance between reporting and actual action. The author argues that while initiatives like the CSRD and CSDDD are crucial for regulation, there is a need for more concrete action to align businesses with environmental and social…

Discusses various types of anti-avoidance rules, which are legal mechanisms designed to prevent taxpayers from exploiting loopholes in the tax system to avoid paying taxes. SAAR (Specific Anti-Avoidance Rule) targets specific tax avoidance schemes, while TAAR (Targeted Anti-Avoidance Rule) focuses on a broader set of avoidance practices. GAAR (General Anti-Avoidance Rule) provides a catch-all provision to address any tax avoidance scheme…

The Institute for Integrated Development Studies (IIDS) in Nepal has released a report titled Unleashing IT: Advancing Nepal’s Digital Economy that examines the current state of the IT sector, specifically IT service exports, and offers recommendations for growth. The report highlights the sector’s significant contributions to Nepal’s GDP and foreign exchange reserves, but also acknowledges the challenges…

This dives into the functions of two important components in the online payment system: payment gateways and payment switches. Payment gateways act as a bridge between merchants and customers, processing payments securely and efficiently. They verify customer information, check account balances, and transfer funds to the merchant. Payment switches, embedded within payment gateways, handle the routing of transactions…