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<span style="font-size: 14px;">Contrary to general perceptions, the overall business environment in Nepal has improved, according to the IFC-World Bank joint report Doing Business 2012 made public recently. Based on data collected during the period from June 2010 through May 2011, the report shows that though Nepal's situation has deteriorated in five indicators compared to the previous year, it has improved in other four indicators and remained unchanged in one indicator thus lifting the overall ranking by three places to 107 from 110 of the previous report. This is a good news to the present government which has announced plan to observe the year 2012-13 as Investment Year. Nepal's overall ranking was going down for the last few years continuously. <br />
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</span></p>
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</span></p>
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Contrary to general perceptions, the overall business environment in Nepal has improved, according to the IFC-World Bank joint report Doing Business 2012 made public recently. Based on data collected during the period from June 2010 through May 2011, the report shows that though Nepal's situation has deteriorated in five indicators compared to the previous year, it has improved in other four indicators and remained unchanged in one indicator thus lifting the overall ranking by three places to 107 from 110 of the previous report. This is a good news to the present government which has announced plan to observe the year 2012-13 as Investment Year. Nepal's overall ranking was going down for the last few years continuously.
Globally, Singapore has ranked as number one in Doing Business followed by Hong Kong, New Zealand and United States. Among the South Asian region's economies, Bangladesh's rank fell from 118 to 122 while Maldives deteriorated from 78 to 79. However, the ranks of Bhutan (146 to 142), India (139 to 132) and Sri Lanka (98 to 89) improved. South Asian economies have an opportunity to increase access to information for entrepreneurs, said Sylvia Solf, lead author of the report. One route is new technology, which is increasingly used by governments to provide electronic services for filing taxes or registering businesses. This not only enhances efficiency but opens opportunities to increase transparency.
The most striking improvement in Nepal was in dealing with construction permits, according to the report, which shows that while Nepal was ranked 161 last year in this count, it has moved to 140 this year. Other areas of improvement are getting electricity, payng taxes and resolving insolvency while there was deterioration in the areas of starting a business, registering property, getting credit, protecting investors and trading across borders.
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
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<span style="font-size: 14px;">Contrary to general perceptions, the overall business environment in Nepal has improved, according to the IFC-World Bank joint report Doing Business 2012 made public recently. Based on data collected during the period from June 2010 through May 2011, the report shows that though Nepal's situation has deteriorated in five indicators compared to the previous year, it has improved in other four indicators and remained unchanged in one indicator thus lifting the overall ranking by three places to 107 from 110 of the previous report. This is a good news to the present government which has announced plan to observe the year 2012-13 as Investment Year. Nepal's overall ranking was going down for the last few years continuously. <br />
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<span style="font-size: 14px;">Globally, Singapore has ranked as number one in Doing Business followed by Hong Kong, New Zealand and United States. Among the South Asian region's economies, Bangladesh's rank fell from 118 to 122 while Maldives deteriorated from 78 to 79. However, the ranks of Bhutan (146 to 142), India (139 to 132) and Sri Lanka (98 to 89) improved. South Asian economies have an opportunity to increase access to information for entrepreneurs, said Sylvia Solf, lead author of the report. One route is new technology, which is increasingly used by governments to provide electronic services for filing taxes or registering businesses. This not only enhances efficiency but opens opportunities to increase transparency. <br />
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<span style="font-size:14px;">The most striking improvement in Nepal was in dealing with construction permits, according to the report, which shows that while Nepal was ranked 161 last year in this count, it has moved to 140 this year. Other areas of improvement are getting electricity, payng taxes and resolving insolvency while there was deterioration in the areas of starting a business, registering property, getting credit, protecting investors and trading across borders.<br />
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<span style="font-size: 14px;">Contrary to general perceptions, the overall business environment in Nepal has improved, according to the IFC-World Bank joint report Doing Business 2012 made public recently. Based on data collected during the period from June 2010 through May 2011, the report shows that though Nepal's situation has deteriorated in five indicators compared to the previous year, it has improved in other four indicators and remained unchanged in one indicator thus lifting the overall ranking by three places to 107 from 110 of the previous report. This is a good news to the present government which has announced plan to observe the year 2012-13 as Investment Year. Nepal's overall ranking was going down for the last few years continuously. <br />
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<span style="font-size: 14px;">Globally, Singapore has ranked as number one in Doing Business followed by Hong Kong, New Zealand and United States. Among the South Asian region's economies, Bangladesh's rank fell from 118 to 122 while Maldives deteriorated from 78 to 79. However, the ranks of Bhutan (146 to 142), India (139 to 132) and Sri Lanka (98 to 89) improved. South Asian economies have an opportunity to increase access to information for entrepreneurs, said Sylvia Solf, lead author of the report. One route is new technology, which is increasingly used by governments to provide electronic services for filing taxes or registering businesses. This not only enhances efficiency but opens opportunities to increase transparency. <br />
</span></p>
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<span style="font-size:14px;">The most striking improvement in Nepal was in dealing with construction permits, according to the report, which shows that while Nepal was ranked 161 last year in this count, it has moved to 140 this year. Other areas of improvement are getting electricity, payng taxes and resolving insolvency while there was deterioration in the areas of starting a business, registering property, getting credit, protecting investors and trading across borders.<br />
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