| | Must Visits | Need to Know | Capital City Kathmandu | | Tipping 10% | | Electricity 220 V | | Weights and Measurements Metric system |
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Economy
Nepal, one of the world’s most breathtakingly beautiful countries, is also one of its least wealthy. Primarily an agrarian economy, Nepal grows her own grain, sugarcane and tobacco. Jute is grown and processed in local factories. Industry includes carpet manufacture, jute, cigarettes, sugar and oilseed mills, cement and brick production. Imports, which far outstrip export, include heavy machinery, petroleum and fertilizer and as you will realize in any middling town even, soap, shampoo and other fast moving consumer goods. Exports are carpets, leather goods, jute products and clothing. Major trade partners are India, the USA, the UK, Singapore, Japan and Germany.
Tourism is obviously a heavyweight industry and a source of precious foreign exchange.
Foreign aid plays a major role in Nepal’s economic life. Infrastructure development projects and environmental conservation are areas where the government’s efforts find willing international support. Of late the government has set in motion measures of financial prudence by cutting back on expensive subsidies and cutting down on its erstwhile bulky bureaucracy.
A GDP purchasing power parity of $31.39 billion was recorded in the year 2008 and the per capita income was at $1100 per annum.
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Currency
The Nepali rupee is also referred to as NC for Nepalese Currency. The Rupee is divided into 100 Paisa. It is available in the denominations of 1000, 500, 100, 50, 25, 20, 10, 5, 2, 1. Coins are available in denominations of 50, 25, and 10.
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Business Guide
Business protocol:
Be prepared to be patient: Nepal moves to a different beat from the one at Manhattan or even Mumbai. The pace of things is slow and efforts to push for speed may not be appreciated. Of course, if you’re genuinely in a hurry, people will be prepared to help you out.
In the warmer season, a formal shirt and trousers is appropriate for men, while in the winters a business suit is suitable. Women should dress conservatively and formally too.
Nepali people greet each other with hands folded at chest level, a ‘namaste’. That is a wholly appropriate way for outsiders to greet them too. Women especially should be prepared for this because most Nepalese men would be uncomfortable shaking hands. Between men it’s usually acceptable to shake hands on meeting.
Work hours:
Nepal is on holiday on Saturdays and most offices work only half the day on Friday. Government offices are open from 10 a.m. to 4 p.m. from Sunday to Thursday and private offices from 9:30 a.m. to 5 p.m.
Nepal follows a different system from the Julian in calculating years and months. The year 2000-2001 is the Bikram Sambat 2057, the year begins around mid-April and has 12 months
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Holiday Packages
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Travel Tools
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