Foreign trade refers to the exchange of goods and services between countries. It helps nations access resources, technologies, and markets that are not available within their borders. The current issues in Nepal’s foreign trade are as follows: Current issues in Nepal’s foreign trade i. Landlocked Country: Nepal has no access to the sea, so it … Read more
A Pledgee is the entity involved in a pledge agreement that receives goods or assets as collateral for a loan or obligation. The pledgee is entrusted with certain duties to ensure the proper preservation and management of the pledged items. The following outlines the primary duties of a pledgee: Duty to Exercise Due Care for … Read more
A surety involved in a guarantee contract may be released from their obligations under certain conditions. These conditions are designed to safeguard the surety from unjust responsibilities while ensuring that both the creditor and the principal debtor fulfill their duties. The following outlines the primary methods by which a surety can be released from the … Read more
Ways to Increase Trade Beyond India The huge trade deficit with India is a serious issue for the country. In my opinion, the following might be the ways to increase international trade beyond India: i. Diversify Products: Nepal should produce and sell different kinds of goods, like handicrafts, organic foods, and herbs, which are wanted … Read more
The term finder of lost goods designates an individual who comes across and takes possession of items that belong to another individual, without any prior ownership or claim to those items. Legal provisions delineate specific rights and responsibilities for the finder, ensuring that the legitimate owner can recover the items while also safeguarding the interests … Read more
Privatization and Private Sector Role in Nepal Privatization is transferring ownership, property, or business from the government to the private sector. The privatization of public enterprises is one of the important aspects of Nepal’s economic liberalization. Privatization has been taken as a means of improving the performance of public enterprises. The role of the private … Read more
Privatization Forms and Their Impact on Nepal Privatization is transferring ownership, property, or business from the government to the private sector. The privatization of public enterprises is one of the important aspects of Nepal’s economic liberalization. Privatization has been taken as a means of improving the performance of public enterprises. Some important forms or methods … Read more
The rights of a surety in relation to co-sureties pertain to the legal safeguards available when multiple sureties are involved in securing the same obligation. These rights are designed to prevent any surety from shouldering more than their equitable share of the debt and to allow them to seek reimbursement or contribution from co-sureties if … Read more
Remittance’s Role and War Challenges in Nepal Remittance is called the backbone of Nepal’s economy because it is one of the primary sources of income for many families in the country. The money sent by Nepalese workers abroad helps support their families, boosts local economies, and contributes to national development. Remittance is called as the … Read more
The rights of a surety in relation to the principal debtor serve as essential safeguards, ensuring that the surety is not unduly encumbered when discharging the principal debtor’s obligations. These rights empower the surety to reclaim any amounts disbursed, seek restitution, and be relieved of liability under specific circumstances, such as when the principal debtor … Read more