Promoting Economic Literacy in Nepal

  " The sky is falling! The sky is falling!" It is sure. But just not yet….. It is true that the U.S. government is on an unsustainable path of spending. We're fast approaching the point where it can only end badly. But before you go build your bunker and fill it with freeze-dried food, know that you have a couple years… Based on history, we're not there yet. Right now, there's no recession looming. At least, that's the conclusion of two of the best indicators at predicting recessions. I'll share these two indicators with you today. Their historical track records are very good. And they point to "clear skies ahead" for the time being. The first indicator I'll share has a great track record as an "early warning" sign for recessions… This indicator has predicted every recession over the last 40 years. Importantly, right now, this indicator is nowhere near a level that predicts a r...

How to Become Financially Independent ? You are middle aged. Your net worth is meager. Your income is barely sufficient to meet expenses… And those expenses are going up. The Great Recession is looming. Economists are predicting things will get worse. What can you do? Should you give up your dream of retiring comfortably one day? Should you accept a future of increasingly meager existence? Should you grow bitter and curse the powers that be for putting you in this situation? Or should you take responsibility for your situation and make changes? That last question was metaphorical, of course. But sometimes, I wonder if people really do understand their options. There are things that happen in life that we can't control. But we can control the way we respond to them. I understand that when you are halfway through your life and are barely making ends meet, it seems like the only chance to become financially success...

I met a few people who have "silly" wealth – more wealth than they could ever need or spend. These guys are at retirement age or older… But for some reason, they work harder than just about anyone else I know… Why are they working so hard? Isn't the dream to "bank" enough money so you don't have to work? I called a few of these people some days back and asked why. The answers were interesting… One wealthy man started out with this story to explain it… I had dinner with an extremely wealthy guy last week who's 71. He just retired supposedly to play some golf. I asked him how it was going… "Retirement is horrible," he told me. He said, "I do NOT enjoy sitting in the desert doing nothing. I don't have a clue what I'm doing out here. I don't think I can do this. I don't need the money… But I think I'll have to go back to work." ...

(October 2011) By Homnath Gaire In a nut shell, Central Depository System (CDS) is an electronic book entry system to record and maintain securities and to register their transfer. In CDS, ownership will be changed without physical movements of securities or execution of transfer deeds. The ownership will be transferred as soon as securities move from one account to another. CDS is purely a settlement vehicle and will not affect the trading in any manner whatsoever. It is expected that the CDS will bring tremendous efficiency and growth in the capital market of Nepal. It will also enhance the image of Nepal's capital market globally. Participants of CDS:Account Holders Account holders are divided into two categories - account holders and participants. Both account holders and participants will have direct access to the CDS. Account holders will be allowed to have a main account and a house account for their beneficially owned securities. Participants, how...

  होमनाथ गैरे पुष ३ काठमाडौं । बिगत २ आवमा खुम्चिएको नेपालको मौदि्रक स्थिती चालु आवको पहिलो त्रैमासदेखी सुधारोन्मुख देखिएको छ । अर्थतन्त्रको मौदि्रक स्थितीमा प्रत्यक्ष प्रभाव पार्ने खुद बैदेशिक सम्पत्ति र बैङ्किङ प्रणालीको निक्षेपमा भएको बृद्धिका कारण मौदि्रक विस्तार सन्तोषजनक भएको हो । चालु आवको पहिलो ३ महिनामा मुद्राको परिमाण मुद्राप्रदाय मापक परिसूचक एम-१ एम-२ र एम-३ मौदि्रक नीतिको लक्ष्यभन्दा धेरैले बृद्धि भएपछि मौदि्रक स्थिती सहज बनेको हो । यसले चालु आवमा नेपाली अर्थतन्त्रले तरलता अभाव भोग्न नपर्ने सङ्केत गरेको बिज्ञहरुले बताएका छन् । नेपाल राष्ट्र बैङ्कले प्रकासित गरेको आव ०६८/६९ को पहिलो त्रैमासिक आर्थिक प्रतिबेदनले सो तथ्य देखाएको छ । प्रतिबेदनअनुसार चालु आवको असोजसम्म विस्तृत मुद्राप्रदाय एम-२ ६ दशमलव ८ प्रतिशतले बृद्धि भएको छ भने सङ्कुचि मुद्रा प्रदाय एम-१ ४ दशमलव ९ प्रतिशतले बढेको छ । गत आवको सोही अवधिमा ती मुद्राप्रदायमा क्रमशः १ दशमलव ९ र १ दशमलव १ प्रतिशतको बृद्धि मापन गरिएको थियो । गत आवको समिक्षा अवधीमा ३ दशमलव २ प्रतिशतले घटेको बैङ्किङ्ग क्षेत्रको खूद वैदेशिक सम...