Hong Kong vs Singapore vs Qatar vs Luxembourg -GDP per Capita

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The Rise of an Irrelevant Class

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  Amazon, an e-commerce retailer made a net revenue of 178 billion dollars with just 5.5 lakhs of employees in 2017. On the same year, 5.5 lakhs of Nepalese working population contributed a share of just 0.8 billion dollars to the nominal GDP. The main cause behind this huge difference is that Amazon heavily makes use of technology; primarily Artificial Intelligence. Such a huge gap is suggesting that human labor force is far less important to the economy than the machine labor.    Yuval Noah Harrari, in his book 21 Lessons for 21 st century writes that with Artificial Intelligence taking over, there may remain very few jobs for humans to do. And if so, what will the rest of the population that get displaced do?   While most of the economics textbooks have contained only about the high class, middle class and low class of people, it seems that an even more serious class i.e. an irrelevant class of humans is already emerging. As machines perform bett...
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How to get into stock market of Nepal?

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Stock trading nepal You have probably heard of terms 'stock' and 'market' while reading financial news or watching films related to finance and so on. And perhaps you went on wondering about all the green and red numbers they show. Maybe you also went even further  wondering how to get into this market?  So how do you get into Nepali Stock market?  To buy/sell IPO and FPO only: You need a demat account only. You can get this on your bank or in a broker's office. To buy/sell shares on secondary market:   You need demat and trading account. You should go to a broker's offic for this. List of stock brokers in Nepal:  Click here
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Karnali Chisapani Hydropower Project, Nepal

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Karnali Chisapani river.  What is pride for a nation like ours? It is clear that the Karnali Chisapani Hydro-power will be the fourth largest in the world when completed. Nepal's current hydro-power production is 1600 MW. And the total installed capacity of Karnali Chisapani alone would be a staggering 10,800 MW! While the rivers of Nepal are being sold, this project is of huge interest to all the Nepalese people. The income from this project in a year would be equivalent to Richard Branson's net worth i.e. about five kharbas in rupees, which is also equal to the total estimated cost of the giant hydro-power project. It is expected to be completed by the year 2083 BS. It is also the year when the world will have started to take oil crisis very seriously. Thanks to the outstanding water resources of Nepal. Meanwhile, the threats of deglaciation and climate change also do exist. Yet, that should not stop us! The project is multip...
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