A budget may be defined as a financial plan which serves as the basis for decision making and center of expenditure and revenue for a specific period of time, normally, a year – a fiscal year (in case of a…
Foreign Capital: Roles and Defects
Foreign capital means the inflow of foreign resources in the form of money, technical knowledge or technology transfer and human resources as well. The capital flow linked with technical know-how has contributed tremendously in the progress made by the developing…
Globalization
Globalization is the most talked and debated issue in the contemporary world. Globalization is a process of opening up economies so that trade between countries could take place freely. For them increasing globalization has helped in the expansion of opportunities…
The Current Situation of Foreign Aid in Nepal
The foreign aid commitment in fiscal year 2006/07 increased by 76.9 percent against a decline of 45.2 percent in fiscal year 2005/06. In fiscal year 2006/07, committed foreign assistance amounted to Rs. 37.02 billion, as compared to an amount of…
Introduction to Multinational Companies
Multinational Companies (Corporations) are those enterprises whose management, ownership and control are spread in more than one country. They are very large industrial organizations which extend their industrial and marketing operations in several countries through their branches or subsidiaries. We…
Role of Privatization in the growth of Private Enterprises
The word privatize first appeared in dictionary in 1983 and was narrowly defined as, “To make private, especially from public to private control or ownership.” It can also be defined as, “Privatization is the act of reducing the role of…
Privatization of Public Enterprises in Nepal
Most public enterprises (PEs) were established beginning from the Second to the Seventh Five Year Plan periods as a vehicle of development. These units were created as instruments for production and for achieving socio-economic policies of the government. This initiative…
A Review of Planning in Nepal
Before the dawn of democracy in 1951, the economic backwardness was persisted in Nepal. This was mainly due to historical reasons and also due to a unique difficult geographical setting. This prompted the authorities of Nepal to adopt planned development…
Facebook to launch Facebook Smartphones
Facebook is one of the best organizations which have earned a lot of fame and name in the Internet. It is taken as the best social networking site by most of the people of the whole world. Here is a…
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