Surge in labor approvals and remittance inflow

After getting hard hit for nearly two years with the beginning of the Covid-19 pandemic in early 2020, foreign employment has bounced back strongly. The Department of Foreign Employment (DoFE) data shows labor permit approval has surged by 33.51 percent in the first eight months of the fiscal year 2022/23. The department has issued 540,675 labor permits from mid-July to mid-March in this fiscal year compared to 404,963 permits during the same period of the last fiscal year. There has been a huge increment in the new labor permit approval in the current fiscal year. The department has issued 348,285 new approvals in the first eight months of the current fiscal year compared to 226,701 during the same period of the last fiscal year. The departure of Nepali workers for foreign employment started to recover from FY 2021/22 with normalcy resuming in international travel as many countries begin to lift travel restrictions. Similarly, the sharp decline in industrial and business activities causing a reduction in job opportunities in the country has also forced many Nepalis to go abroad for employment. The number of Nepali workers going abroad for foreign employment declined sharply in FY 2019/20 and FY 2020/21 as major labor destination countries enforced lockdowns to control the pandemic as well as restriction on international traveling. When the first wave of Covid-19 hit the labor destinations in March 2020, the government halted labor migration barring Nepalis from flying abroad for work in Gulf countries, Malaysia, and South Korea, among others. The outbound labor migration approval slumped to a new low in FY 2020/21. The country recorded a drop of 54.75 percent in labor permit issuance in 2020/21 compared to 2019/20. While the government approves labor permits for 111 countries that have officially been recognized as labor destinations and allow migrant workers to go there through recruitment agencies, Nepalis have been also allowed to go to other countries after obtaining individual labor approvals. In FY 2022/23, Nepalis migrated to 100 countries with approval from the DoFE. The six Gulf Cooperation Council (GCC) countries, namely Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE) along with the ASEAN country Malaysia host a vast majority of Nepali migrant workers. These seven countries have consistently been providing employment to more than 80 percent of Nepali migrant workers since 2013/14 and have also remained as nations with the highest demand for Nepali workers. In FY 2022/23, Malaysia again became the number 1 labor destination for Nepali migrant workers. The department's data shows 202,674 labor permits have been issued for the east Asian country. The top five labor destinations in this fiscal year are Malaysia, Qatar, UAE, Saudi Arabia, and Kuwait. The DoFE data shows labor approvals for European countries such as Romania, and Croatia increasing along with Cyprus and Malta. Similarly, more labor approvals have been issued in this fiscal for Asian countries like Japan and South Korea. Outbound Labor migration has reached a five-year high in FY 2021/22 after three straight years of decline with the DoFE issuing a total of 630,089 labor approvals in the last fiscal year. Between 2008/09 and 2021/22, more than 4.7 million new labor approvals were issued to Nepali migrants seeking to work abroad. These numbers increased consistently, reaching a peak in 2013/14 when more than half a million new approvals were issued. Growth in remittance  With healthy growth in labor migration, the remittance inflow has also surged by 27.1 percent in the first seven months of the current fiscal year. According to Nepal Rastra Bank, Nepal received remittances worth Rs 689.88bn till mid-February, 2023 compared to a decrease of 4.4 percent in the same period of the last fiscal year. In US dollar terms, remittance inflows increased by 16.4 percent to $5.30bn in the review period against a decrease of 5.3 percent in the same period of the previous year. Labor permit approval (First eight months)

FISCAL YEAR NEW PERMIT TOTAL PERMIT
2022/23 348285 540675
2021/22 226701 404963
  Country-wise labor permit approval (FY 2022/23) Top five countries
Country Total
Malaysia 202674
Qatar 90472
UAE 74703
Saudi Arabia 74352
Kuwait 31624
  Annual labor permit approval
FISCAL YEAR TOTAL PERMIT NEW PERMIT
2021/22 630090 348868
2020/21 166698 72081
2019/20 368433 190453
2018/19 508828 236211
2017/18 612685 354082
  Remittance inflow (First seven months)
FISCAL YEAR REMITTANCE
2022/23 689.88
2021/22 540.12
Annual remittance inflow
FISCAL YEAR REMITTANCE (in Rs, in bn)
2021/22 1007.31
2020/21 961.05
2019/20 875.03
2018/19 879.27
2017/18 755.06

Gold price drops by Rs 700 per tola on Monday

The price of gold has dropped by Rs 700 per tola in the domestic market on Monday. According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow bullion is being traded at Rs 109, 300 per tola today. The yellow metal was traded at Rs 110, 000 per tola on Sunday. Meanwhile, tejabi gold is being traded at Rs 108, 800 per tola. It was traded at Rs 109, 500. Similarly, the price of silver has dropped by Rs 15 and is being traded at Rs 1,345 per tola today.

5 DIGs promoted to AIG

Five Deputy Inspector General (DIGs) of Nepal Police have been promoted to the post of Additional Inspector General. A Cabinet meeting held on Monday on the recommendation of the Promotion Committee promoted five DIGs to AIG, a minister said. DIGs Basanta Bahadur Kunwar, Tek Prasad Rai, Deepak Thapa, Shyam Lal Gyawali and Kiran Bajrachayar were recommended for the post of AIG. Among them, Kunwar’s name was at the first number.    

Newly elected Vice-President Ram Sahaya Yadav takes oath of office and secrecy

Newly elected Vice-President Ram Sahaya Yadav took that oath of office and secrecy amidst a function at Sheetal Niwas on Monday. He is the third Vice-President of the Republic of Nepal. Janata Samajbadi Party (JSP) leader Yadav was elected as the Vice-President in the election held on Friday for the fourth term. He will assume the office today itself. After being elected as the Vice-President, he resigned from the lawmaker and the Janata Samajbadi Party. Yadav was elected as the Vice-President by securing 30, 328 votes while closest contender Astha Laxmi Shakya of the CPN-UML garnered 16, 328 votes.

Manish Sharma: The world is advancing with AI and Nepal shouldn’t fall behind

Established in 2015, Prixa Technologies is among the fast-growing IT companies in Nepal specializing in artificial intelligence (AI), news websites, mobile apps, big data, content management systems, cloud hosting, IT consultation services, and social media marketing and employs over 70 professionals. A graduate of Johns Hopkins University and a gold medalist of Pulchowk Campus, Manish Sharma is the co-founder and CEO of Prixa. ApEx talked to Sharma to learn about the IT industry in Nepal. Excerpts: What is Prixa currently working on? At Prixa, we recognize Nepal’s need to adopt modern technologies for growth, while acknowledging that costly foreign solutions often don’t fulfill the needs of the local market. Our main objective is to maximize technology adoption in Nepal by providing affordable, cutting-edge solutions tailored to local businesses and communities, fostering innovation and enabling them to become competitive in the rapidly changing global technology landscape. For instance, we are currently developing AI solutions targeted at the local languages in the Nepali market. We have diversified into different verticals. Over 50 media companies are our clients running on our Snowberry platform. We also work in the sector of advertisement analytics, large-scale cloud computing, display technologies, enterprise software solutions, etc. We operate one of the largest content delivery networks in Nepal scaling to billions of requests each month. We have also increased our efforts in the Internet of Things (IoT). For instance, we are working with government bodies to make low-cost high-precision weather forecast solutions in remote locations. How do you view the current state of Nepal’s IT infrastructure? The IT industry here works in multiple models. For instance, some companies are just upgrading for Nepali clients while the majority of them cater to international clients with mixed models and some are exclusively working for foreign companies. There are lots of challenges for countries like Nepal. Nepal needs to upgrade on a policy basis. We still need a foreign solution to solve our problems but we do not have an easy channel for payment and interaction. We are working with a bunch of cloud providers but we still are facing the hassle of payment. Yet, the IT industry is growing rapidly. How do you see Nepali media websites vis-à-vis the international market? I think media websites in Nepal are more advertisement centric. Business strategies are obviously essential to be sustainable in a market but, currently, we have been observing in our clients that their strategies are deviating towards subscription based for a better experience. The company itself has fully developed user personalization. Besides, I don’t think the media itself is fully prepared for investing on their websites. But, hopefully, with time, it will get better from all dimensions. Riri One is Prixa’s ambitious AI project. Is it a breakthrough for digital media? Riri One was specially designed for services that concern a text-to-speech engine for Nepali languages like Nepali, Newari, and Maithili to create inclusivity in our society of diversified communities. Riri also has Riri Two and Three which will be released soon. Riri Two understands what people are saying. It’s a speech-to-text engine and it is in the pilot phase. While Riri Three is a full end-to-end conversational engine. I feel grateful for collaborating with Annapurna Media Network for Riri One. It’s not a new thing about text-to-speech being launched as it already existed in some smaller projects. But the new breakthrough is that Riri production is life-like and in the Nepali media industry, it is the first of its kind. We are still in beta and there are many things to update. We are seeing a high rate of user response and engagement. We have worked with over 50 media houses but we are seeing the breakthrough for the very first time. Looking at the statistics, we could find that users are consuming audio news more. I believe it’s a great step to fill a gap in the digital media sector. Web security has emerged as a major concern lately. Why are our government websites so vulnerable? In the IT sector, 100 percent data security cannot be guaranteed. Having said that, I wouldn’t deny the fact that data security is a baseline responsibility of IT. I would say that carelessness in practicing ground practices could be one of those problems. The recent hack incident is being seriously investigated by the government. They have even established a security task force and hopefully, it will bring a positive outcome. The management team needs to scrutinize the bottlenecks and the government should be prioritizing fundamental security practices. The government has been managing sensitive data and has been archiving it in digitized form. So, the data breach could hamper public privacy and national security. The common responsibility needs to be examined such that IT companies and the government can coordinate to solve the problems. The data breach is not just a crucial problem in the government sector but also in the private sector. What advice do you have for IT aspirants? I suggest they explore the opportunities in diversified fields but they should be more careful about preparing themselves in a certain direction from ground level. They mustn’t think the opportunities reside only abroad. I would count myself as an example as I had abroad studies and I am doing something here in Nepal by myself and so are my colleagues. We are also accepting freshers in our company to help the aspirants. As this sector is diversified, the more you delve into it, the more you explore the problem and the more you seek out opportunities within the challenges because there are oceans of things that are left undone. What new trends in AI are emerging currently? Rapid advancements in generative AI, such as Chat GPT, Bard AI, LLaMA AI, and many more, have been achieved. The blockchain concept is being adopted by businesses, and decentralized technologies are likewise expanding. Nepal is among the top countries to log in to Chat GPT which shows how interested Nepalis are in new IT trends. The world is advancing with AI, and I think Nepal shouldn’t fall behind. This is how the business world is going toward the AI-driven landscape, which could eventually change quickly and drastically in the future.  

Strangers with time

My human hands Don't have the mystic touch To rewind time nor freeze it. But, I can, however, Turn the arms of your watch a bit. Twisting the nods ever-so slightly, Making us strangers with time. Warped and wayward We would lose touch with reality, For eternity you'd be mine. Abhigya Shrestha, Grade: 10 Rato Bangala School

Life

Every story is similar But never the same. Sometimes, it might feel like a war But life is just as through an aim.   Aim makes many stops At major points of one’s life fight, Even when your smile drops A good moment is never out of sight.   People say happiness doesn’t last forever But so doesn’t misery, That’s the thing, they don’t understand ever The thought of it is kind a scary.   It’s scary because they easily forget The value the worth of being alive  It’s scary because all they know is hate Their minds, full of thoughts, buzzing like a bee’s hive.   Though every life ever born It’s beautiful, that’s why to strive Life isn’t paper to be torn So,even in great sorrow you’ll enjoy it if you thrive.   Asma Miya Grade: 7  Meridian International School

Women empowerment

"A woman is the full circle. Within her is the power to create, nurture and transform." Indeed, women play a significant role in society—a wife, a mother, a sister, a caretaker etc. They have a better understanding of the social structure and are more compassionate towards the needs of others. Only an educated mother will weigh the importance of female education and women's empowerment. Talking about women's empowerment, it refers to providing women with all the rights in order to live freely without any fear. Women have been facing issues since the day they were born -- fighting for their rights and freedom. In a country like Nepal where goddesses are worshipped, at the same time a woman faces sexual abuse, harassment, gender violence, is denied the right of education and becomes the next case of domestic violence. Though the work is made up of both men and women, men have been regarded as the family's most powerful members. They were the family's decision makers and financially in charge whereas women are believed to be responsible for household chores and taking care of family. Nevertheless, women have the right to participate equally in education, society, the economy and politics. Almost all countries, regardless of how progressive, have a history of mistreating women and Nepal belongs to one of those. In ancient Nepal, Sati tradition was deeply rooted. Social problems such as Chhaupadi and the dowry system are still deeply rooted in the society causing various mental and physical problems leading to many injustice to women. Some of the practices are still being followed in some places of Nepal. Many girls and women are raped, sexually abused, attacked with acid. The state has not been able to give justice to Nirmala Panta, who was raped and murdered. The acid attack victims are coping up with mental and physical problems. Women should not stay behind someone's shadow. They should come forward and express themselves. The first step towards women empowerment starts by supporting their opinions and providing education. A well-educated woman is confident, outspoken and is able to make decisions. Improved female education leads to higher levels of economic growth. Women's empowerment is the need of the hour in all the countries because awareness among women is important for them to understand their rights. If they are aware of their basic rights only then women will be able to fight for it. Women should be encouraged to pursue their dreams, self-esteem and confidence. Women empowerment is not just a fight for equal rights. It is the upliftment of women from a society constantly pulling them. Women have the ability not only to shape their lives but also to shape their lives. The government should eliminate violence against women, end illiteracy by educating all girls and women, equally treating men and women, should have equal participation in politics and political decision making and in economic activities so that no female will have to be deprived of their rights.    Alisha Sapkota Grade: 9 Campion School