Nepalese Embassy organizes tourism seminar in Kerala

The Nepalese Embassy in New Delhi in association with Kerala Chamber of Commerce & Industry (KCCI) organized a seminar on “Tourism, Trade and Investment Opportunities in Nepal” at Trivandrum, Kerala.

The objective of the seminar was to attract local investors and tourists.

According to a press statement issued by Nepalese Embassy in New Delhi, business leaders from Federation of Indian Chambers of Commerce & Industry (FICCI) & KCCI, investors, MBA students & senior government officials of Government of Kerala participated in the students. 

Inaugurating the function, Minister for Rural Development, Planning, Non-Resident Keralites Affairs (NORKA) and Culture, Government of Kerala, K C Joseph said Nepal and Kerala have good prospects for tourism promotion and investment, and that the seminar was a small beginning for giant leap in business cooperation.

Chargé d´Affairs a.i. of Embassy of Nepal, New Delhi Khaga Nath Adhikari highlighted the role of Indian people and business community in bilateral trade, tourism and investment between Nepal and India. 

He also invited the Indian business community, especially from southern India, to further promote and consolidate bilateral relations and cooperation in the areas of their interest.

Minister (Economic) of the Embassy of Nepal Bishnu Prasad Lamsal while highlighting the prospects of further cooperation for both Indian and Nepalese business community made a detailed presentation on opportunities of trade, tourism and investment in Nepal. 

He apprised of the local business community there on the competitive advantages available particularly in the hydropower, infrastructure development and adventure tourism sectors.

By ITR staff

Oxford study finds Nepal reducing poverty faster than India

Nepal and Bangladesh are reducing poverty faster compared to India, according to a new study based on the multidimensional poverty index developed at the University of Oxford and used by the UN Development Programme (UNDP) in its Human Development Reports.

India also made significant progress in reducing poverty between 1999 and 2006, but at a rate that was less than one-third of the speed of its poorer neighbours, with a reduction in poverty rates of 1.2 percentage points per year [instead of 4.1% (Nepal) or 3.2% (Bangladesh)], the study found.

However, multidimensional poverty was reduced least in the poorest States — such as Bihar, Madhya Pradesh, Rajasthan, Uttar Pradesh and West Bengal — and among the poorest social groups, such as Scheduled Tribes, Muslims, female-headed households and larger households.

According to the study, even India’s best-performing States — Kerala and Andhra Pradesh — progressed little more than half as fast as Nepal or Bangladesh in reducing multidimensional poverty, a release from the Oxford Poverty and Human development Initiative (OPHI), which conducted the study, said.

“The success of Nepal and Bangladesh in reducing poverty despite their relatively low income highlights the effectiveness of social policy investments combined with active civil society engagement,” said Dr. Sabina Alkire, director of OPHI.

The poverty measure used by OPHI, the global Multidimensional Poverty Index (MPI), is said to be unique in capturing the simultaneous disadvantages experienced by poor people, such as malnutrition, education and sanitation, providing a high-resolution lens on their lives.

According to researcher Suman Seth, “From 1999-2006 India did very well in certain aspects of poverty reduction; for example, MPI among the Scheduled Caste groups showed a strong reduction, and poverty among the most destitute went down faster than the average.”

She added: “However, it’s still the case that the benefits of national poverty reduction have been enjoyed least by some of the poorer groups and regions.”

OPHI added that India had not collected official data on MPI deprivations, including malnutrition since 2005/06, making India’s MPI the least up-to-date in South Asia.

The global MPI, which was developed by OPHI and UNDP in 2010 and has been published in Human Development reports since, assesses multidimensional poverty in 104 countries for which data since 2002 are available.

The study found that were ‘star performers’: the percentage of poor people in Nepal dropped from 64.7% to 44.2% between 2006 and 2011, 4.1 percentage points per year, while in Bangladesh poverty rates decreased by 3.2 percentage points per year between 2004 and 2007.

In addition to reducing the percentage of poor people, both Nepal and Bangladesh reduced the intensity of poverty. This means that even poor people were on average less poor — deprived in fewer things at the same time — than they had been before, an important element of multidimensional poverty analysis that provides a more balanced picture of poor people’s lives, the release added.

%d bloggers like this: