Posts

Featured Post

TYPES OF QUALITY MANAGEMENT SYSTEM

1. ISO 9000 ISO 9000 is series of standards that outlines the requirements for quality management system (QMS). It is a purposeful effort to promote worldwide standards of products that will. Ø   Improve operating efficiency Ø   Improve productivity Ø   Reduce costs The extended version of ISO is International Organization for Standardization, which is identified as an organization for measuring internationally accepted standard for quality. The work of ISO is conducted by around 180 technical committees. It is the work of the quality management and quality assurance committee. There are essentially 5 standard associated with the ISO 9000 series. They are ISO 9000 ISO 9001 ISO 9002 ISO 9003 and ISO 9004 v ISO 9000 is the set of guidelines for the: a)      Selection and use of standards b)      ISO 9001 c)      ISO 9002 and d)      ISO 9003 v ISO 9001 describes about the “DDPIS” of products or services to ensure the quality. D = Design           
Post a Comment
Read more

NRB IT POLICY 2068

Image
Use of modern Information and Communication Technology (ICT) is indispensable to carry out banking functions more effectively and efficiently. As banks are recently exposed to modern ICT, it needs to capitalize the opportunities available and face the challenges created by it. Increased use of ICT in business operations and service delivery by adopting innovative ICT system, and using emerging cloud computing services has to be encouraged. For these, NRB guidelines formulate the strategic plans to implementation of state-of-the-art ICT system for banks including Data Centre, Production Site and Disaster Recovery (DR) Site. NRB’s existing ICT policy and guidelines includes outsourcing the non-core ICT services, promoting automation in the Bank, strengthening institutional memory through digitization and safeguarding the information management system. In this regard, NRB’s ICT policy and guidelines has to be amended to accommodate the emerging changes in the ICT system as per time need
Post a Comment
Read more

International Trade Issues and Strategy of Nepal in South Asian Region

                                                    1.   Strategic Outlook on South Asia v Inter-regional trade accounts less 5% of overall trade with in south Asia Region. v Recent World Bank studies shows that if you actually look at the economic complementary and geographical proximity (nearness) of the south Asian countries, they should be trading 3 times more what is the case.    v South Asia countries are trading with more outside the south Asia compared to with   won neighbors   v If fact India, Pakistan, Nepal and Srilanka have 2.9 times more restriction on trade on the south Asian Partners compared with rest of the world. These are the numbers shows that even though we have SAFTA, but still physical barrier exist and barriers of connectivity and also digital connectivity for potential digital economy and how small developing countries and isolated countries can leave frog if they were digitally connected.   2. Review of Nepal Situation ¨   Nepal is policy r
Post a Comment
Read more

Privatization and Economic Performance

  1. Introduction ¨   Privatization involves selling state-owned assets to the private sector. It is argued the private sector tends to run a business more efficiently because of the profit motive. However, critics argue private firms can exploit their monopoly power and ignore wider social costs. ¨   Privatization is often achieved through listing the new private company on the stock market. In the 1980s and 1990s, the UK privatized many previously state-owned industries such as BP, BT, British Airways, electricity companies, gas companies and rail network ¨   Privatization of public enterprises have been very much in the agenda of economic liberalization in contemporary world specially in developing and countries in transition. ¨   Different modalities of privatization with lofty goals such as enhancing productive efficiency , allocative efficiency and to rescue governments from budgetary burdens. ¨   Upon the evaluation of private and public undertaking in Nepal it wa
Post a Comment
Read more

Public Private Partnership (PPP) Model of Development in Nepal

1. Background ¨   Development of essential public infrastructure and services (including roads, bridges, airports, modern means of communication, drinking water, irrigation, electricity, railways, cable car, ropeways ) is imperative for achieving sustainable economic growth of the country.  ¨   The means and resources allocated from national treasury fall short of what is required for the construction and operation of infrastructure services. ¨   It is desirable to make assets of public utility and operation of public services less costly, effective and reliable. ¨   For this the means, resources, skills and technology available with the private sector must be attracted towards development works of the nation based on the concept of Public Private Partnership (PPP). ¨   It is believed that the contribution of infrastructure services built on this model is crucial and effective for providing momentum to economic development and ¨    Strengthening national economy and mak
Post a Comment
Read more