Nepal IT Sector

AI for Every Nepali: Jobs, Prosperity and Nepal’s Next Development Leap

Nepal does not need to become Silicon Valley. It does not need to copy India, China, Singapore or Canada. Nepal needs an AI strategy rooted in its own realities: young talent, hydropower potential, local problems, growing IT services, tourism, agriculture, small businesses and a global diaspora.

The Hidden Tax: Road Accidents Drain Over 3% of GDP From India and Sri Lanka Every Year; Generative AI Could Win it Back

The core data architecture — a national road safety data lake, AI-powered enforcement, multilingual public awareness — is replicable at any scale, in any South Asian language, in any South Asian urban or rural road environment. The technology does not need to be reinvented for Dhaka, Kathmandu or Karachi. It needs to be validated in Colombo and Delhi first.

Why the Global South Must Become AI Creators: Need to Take a More Leading Role in AI Governance and Economy

However, 118 countries, mostly developing ones, do not participate in international discussions on AI governance, according to UNCTAD. This means that billions of people may live within rules they were not involved in making.

AI's Hidden Appetite: Power, Cooling and the New Geography of Infrastructure

What we are witnessing today may only be the opening chapter. The next breakthroughs in AI may not emerge from software laboratories alone, but from nuclear reactors, cooling technologies, offshore infrastructure, advanced materials, and energy networks. The race to build intelligence has quietly become a race to master power and heat.

More on AI and Innovation

Nepal government hikes excise duty on two weekers; festival business likely to be affected

The Nepal government has hiked taxes on two-wheelers automobile in its revised budget presented recently where it proposed an increase in excise duty and road development tax, raising the likelihood of decreased sales in the coming festive seasons

India to help Colombia in vaccine production, space entrepreneurship

India and Colombia have signed a memorandum of understanding on space cooperation and cooperation in biotechnology and pharmaceuticals

India to procure 56 military transport aircraft for $2.6 billion from Airbus Spain

The Indian government has approved a whopping $2.6 billion deal with Airbus Defence and Space S.A. Spain to buy 56 C-295MW transport aircraft, replacing Indian Air Force's aging Avro transport planes inducted some 60 years ago

Nepal’s manufacturing sector returns to near pre-pandemic level

The manufacturing sector in Nepal, earlier ravaged by the pandemic, has now almost returned to near pre-pandemic levels as the result of a boost in demand due to the festive season and the ramped-up vaccination

Apricots from Kargil, once a battleground for India and Pakistan, go global

Fresh apricots from Kargil district in the union territory of Ladakh have for the first time in 35 years found their way to the international market

Moody’s downgrades Maldives rating to Caa1, changes outlook to stable

Despite the significant recovery in the country’s tourism industry, Moody’s downgraded the Maldives’ sovereign rating to Caa1 with a stable outlook from earlier B3, citing the drop in tax revenue collection and other factors

Pakistan asks World Bank to restructure $200 loan

Pakistan has asked the World Bank to finalize its restructuring plan for the $200 million loan which the lender had approved last year for the locust emergency and food security project

Airbnb to support 20,000 Afghan refugees with free accommodation

Airbnb, a San Francisco-based company that operates an online marketplace for lodging, primarily homestays for vacation rentals

Maldives signs deal with India's Afcons for India-funded mega infrastructure project

The Maldives has on Thursday signed a deal with an Indian company for the Greater Male Connectivity Project, the archipelago’s biggest infra project so far costing around $500 million, giving a major boost to connectivity around capital Male

India’s Adani Group to start work on Sri Lanka’s West Container Terminal port by yearend

India’s Adani Ports and Special Economic Zone (APSEZ) will begin construction work on the West Container Terminal (WCT) at Sri Lanka’s Colombo port by yearend, media reports say

Undid a past mistake on corporate taxation, took bold decisions on reforms: PM Modi

The Indian government's move to end retrospective tax signified the undoing of a mistake in made in the past, Prime Minister Narendra Modi said at the annual meeting of the Confederation of Indian Industry or CII

Nepal’s flower industry withers amid pandemic

Prior to the Covid-19 pandemic, the flower industry in Nepal was worth over $20 million

Johnson & Johnson’s single-dose Covid-19 vaccine gets India’s approval - a day after EUA

In a significant step towards boosting its vaccine arsenal, India has given emergency use authorization (EUA) to US pharmaceutical giant Johnson & Johnson's single-dose Covid-19 vaccine in the country

realme to export Make in India smartphones to Nepal

Smartphone maker realme said it will export Make in India smartphones to Nepal from the ongoing third quarter

As China ties sour, ex-Australian PM Tony Abbott to visit India to advance trade relationship

Former Australian Prime Minister Tony Abbott will visit India this month to progress the Indo-Australian economic and trade relationship under the Comprehensive Strategic Partnership