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NEPAL Ranks 122nd in Corruption Perception Index 2017

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“Ghus linya ra dinya dubai deshka thula satru hun” “Both bribe takers and givers are the worst enemies of the nation”.  -King Prithivi Narayan Shah This stringent attitude towards corruption was expressed by late King Prithivi Narayan Shah, founder of new Nepal 250 years ago. Unfortunately, the following generations did not learn from him. Although Nepal modernized and became a Republic in 2008, corruption is a widespread phenomenon. Government promises to establish good governance, rule of law, development, peace and prosperity have gone unfulfilled. The ‘zero tolerance’ policy on corruption has brought no substantial changes. This year’s Corruption Perceptions Index highlights that the majority of countries are making little or no progress in ending corruption, while further analysis shows journalists and activists in corrupt countries risking their lives every day in an effort to speak out. The index, which ranks 180 countries and territories ...

Financial Issues of Poor People and Need of Financial Education to Them

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There have been so many talks with respect to finance and particularly its impact on various horizons.Some may have extreme impact due to very weak financial condition and some may have very low impact due to having very strong financial background.I here emphasizing  on the impact with respect to poor people and Five Reasons why poor impacted more than non-poor. 1. The poor mis-spend Who hasn’t wondered why it is you can find Coke bottles in the poorest communities in developing countries? Who hasn’t had a pang of doubt upon seeing reams of shiny bags of candy hanging from the shabbiest stalls in the remotest villages? And you’re thinking: my parents didn’t buy me this stuff! Well, it might be because your parents had plenty of other ways to reward you and each other. Think toys, ski trips, family outing to a restaurant, gifts, etc. Next to these things, splurging one day on some candy and a Coke seems downright meaningless. But for many it might be the easiest way ...