Meanwhile, the value addition for the apparel sector is 20% for getting incentives. Even though the COVID-19 lockdown has reduced demand,  and Nepal has a surplus this rainy season, last year it imported 37% of electricity from coal-fired plants in India  Nepal is set to add another 1,300MW of generation capacity in the coming fiscal year. About English Nepali Dictionary (Beta) EnglishNepaliDictionary.com is a FREE online dictionary to quickly search Nepali meanings of English words. Nepal’s export performance seems unable to meet the expectation of the policy makers for a long time now, and government is trying to adopt many policies and strategies to correct the scenario. All this will need political will and strong support of senior government officials. Show English Meaning (+) Verb (1) put in motion or move to act (2) give an incentive for action. Rewarding government bodies that have successfully adopted energy efficiency policies by providing incentives, recognition, allowing them to retain some of their cost savings can help facilitate the transition. RMG sector to enjoy more in incentives from next fiscal. After realization of export money from the importer, an exporter has to apply for the cash incentive to the bank and the bank will then conduct an audit of the firm. Nepalis (English: Nepalese ; Nepali: नेपाली गण) are the Indo-Aryan and Sino-Tibetan citizens of Nepal under the provisions of Nepali nationality law.The country is home to people of many different national origins. Publisher and Chief Editor: Kunda Dixit Nepal government can also set similar targets for energy efficiency and monitor their implementation. This has many benefits: reduction in greenhouse gas emissions (GHG), lessening of energy demand and import, and lower cost for households and the country. That doesn’t mean remote workers can’t take advantage of these programs, but make sure you read the fine print. And up to 50% of energy can be saved by more capital intensive measures, such as equipment replacement and system redesign. It is important that initial policies are flexible, and the government could grant legal authority to federal, provincial, urban and rural municipalities to contract energy companies to implement efficiency of municipal buildings, street lights and other public infrastructure. It is an ambitious target, but even with this strategy we have a long way to go. All Rights Reserved. Shabdakosh - English to Nepali bilingual free online dictionary with English Nepali translation, English Nepali word meanings, definitions, synonyms and antonyms in Nepali and English. MORE THAN LUCK: Better planning would mean Nepal could cut LPG imports by giving incentives to Nepalis to use domestically produced hydropower for cooking. However, four cities or states offer incentives specifically to move and work remotely. 2A Media Limited. Bonus/Incentives. While leather, the second highest export earner, earns nearly one billion US dollar per annum,” former caretaker government finance adviser AB Mirza Md Azizul Islam told Dhaka Tribune. As a country, we will benefit by using energy in a sustainable manner and become more self-reliant to face the crisis of the post-pandemic world. Read also: The cost of light, Om Astha Rai. Find more Malay words at wordhippo.com! PAYMENT FOR ECOSYSTEM SERVICES IN NEPAL 5, Legislative and Institutional ArrangementsPolicy 5 PES Mechanism, Practices and Lessons 6 Opportunities and Challenges 9. Incentives: Nepali Meaning: प्रोत्साहन a thing that motivates or encourages one to do something., Usage ⇒ there is no incentive for customers to conserve water : Synonyms: Antonyms He said businesses would be interested to invest more in the newly included sector as the incentive works as a booster. Film finance is a subset of project finance, meaning the film project's generated cash flows rather than external sources are used to repay investors. The sectors to enjoy such cash incentives and the respective rates to be provided are updated every year through circulars issued by the Bangladesh Bank. OPERATIONALIZING PAYMENT FOR ECOYSTEM SERVICES 11. After realization of export money from the importer, an exporter has to apply for the cash incentive to the bank and the bank will then conduct an audit of the firm. Bonuses and Incentives 56 . electric cooking, water heating, and electric cars. Receiving the certificate, the bank places it to the Bangladesh Bank and the central bank disburses the incentives in four quarters to the exporters at a rate as declared. Thoughtful Nepali Quote. After the audit, the firm will place a certificate to a branch of the bank and the branch will forward it to the bank's head office. This means per […] Energy efficiency means reducing energy consumption to perform the same task. Department of Information Registration No. Variable Pay: Is There a Difference Between a Bonus and an Incentive? “In diversifying export products, the government has been promoting potential and emerging sectors. Dhaka ko Topi literately means a "headgear made of Dhaka cloth", a fine cotton cloth once exclusively imported from Dhaka, the present-day capital of Bangladesh.. Some incentive programs explicitly state that you have to work for a local company. How cash incentives is disbursed. Overview 11 Guiding Principles 11 Operational Framework 12 Mustering the energy to save, Anil Chitrakar. Learn more. Synonym Discussion of incentive. With the new inclusion, the number of incentive-eligible categories of products stands at 35. At present, apparel makers enjoys 4% cash incentives in non-traditional export markets. 1170/2075-76 Saving energy is the same as building expensive new power plants. Some curious, some incredulous, some a little nervous, some still ambivalent but for once, you are going to bring excitement that … Define energy efficiency standards in building codes and electrical appliances, Train staff in energy efficiency practices, Benchmark and set an action plan for public buildings, Rise in poverty due to COVID-19 to affect children, An electric shock to Nepal’s energy future, PRESIDENTIAL STATEMENT: President Bidya Devi Bhandari steps out of her…, Capacity and WillpowerThere are immense opportunities waiting for investment to…, Nepal’s electric transport future is here, RENEWABLE TRANSPORT: Symbolic gestures like President Bidya Devi Bhandari using…, imported 37% of electricity from coal-fired plants in India, Set quantifiable targets for energy audits, Partner with the private sector to develop human skillsets. “Cash incentive is a way of promoting exports, especially the potential and underprivileged ones. Find more similar words at wordhippo.com! 8/C, FR Tower, Panthapath, Dhaka 1207, Bangladesh. The lines are also presented with cool graphics that go well in social media. 3. Look what’s cooking in Nepal, Anil Chitrakar. Find more words at wordhippo.com! Nouns for incentive include incentive, incentives, incentivisation and incentivization. incentive definition: 1. something that encourages a person to do something: 2. something that encourages a person to do…. In Bangladesh, the RMG sector contributes over 83% of the national exports. Incent definition is - incentivize. The Malay for incentive is galakan. (adsbygoogle = window.adsbygoogle || []).push({}); While this target may mean Nepal’s surplus hydropower is used, reduce imports of LPG, spur economic development, and ensure better health by reducing indoor pollution, it will not be sustainable unless we also plan for the efficient use of that energy. In addition, incentive is also aimed at encouraging backward linkages and using indigenous raw materials instead of imported materials especially export-oriented readymade garment industries. To encourage product diversification, a cash incentive is a tool to help manufacturers remain competitive in the global market, said Islam. You will also find phonetic transcription along with a rough English translation. A new energy mix for a New Nepal, Suraj Pandey. Perverse incentives, by definition, are those that produce unintended negative consequences. A person working in Nepal typically earns around 80,700 NPR per month. Let’s take a top-down approach, making public buildings catalysts for energy-efficient practices and set the stage for market transformation throughout the economy. Photo: MANISH PAUDEL epal is on a trajectory to guarantee 100% electricity access in the next seven years by increasing generation capacity to 5,000MW from new hydropower plants. conference definition: 1. an event, sometimes lasting a few days, at which there is a group of talks on a particular…. The Ministry of Energy, Water Resources and Irrigation with technical assistance from the German agency GIZ has been promoting energy efficiency in Nepal since 2010 through the Nepal Energy Efficiency Program (NEEP) which helps the government adopt a policy framework, strengthen NEA’s power managing capability, establish a market for energy efficiency services and products, and add energy efficiency in university education and vocational training. Incentive definition is - something that incites or has a tendency to incite to determination or action. As per the latest circular of BB, the eligibility for getting cash incentive on a product the local value addition has to be minimum 30% and exporters who are manufacturing products in the special economic zones would not be entitled for incentives. Synonyms for give incentive include influence, motivate, encourage, spark, spur, stimulate, provoke, activate, drive and excite. It is to be noted that such cash incentives are provided only for those exporters who do not avail the bonded warehousing facility or the duty drawback facility. Meeting Incentive-Holidays Convention Event - MICE Tourism Nepal. See more. JUNE 30, 2017. Most of the inefficiency in energy use is in public buildings, industries, and households results in lost opportunities for potential cost savings – meaning money can be better spent on more productive areas. As a result, people of Nepal do not equate their nationality with ethnicity and language, but with citizenship and allegiance. This post is dedicated to listing great quotes in Nepali language. As part of the initiative, we have announced the provision of 10% cash incentives for nine new products,” former Commerce Minister Tofail Ahmed told Dhaka Tribune. In 2019, the government prepared a National Energy Efficiency Strategy that recognises the importance of energy efficiency to achieve sustainable development goals (SDG) by 2030. Nepal Incentive & Corporate Retreat in Nepal | Holiday for Company Employees in Nepal | Incentive Offer for Sales Agent | Travel Offer for Business Houses The buying power of three levels of government will transform the market for energy-efficient products. The incentives and services are available to the Nepali citizen especially the pregnant mother and newborn Required Documents: Only the Nepali nationals are eligible for this service hence, a copy of the Nepali citizenship need to be presented to claim incentives and services under this programme. Learn more. In August last year, the Bangladesh Bank in a circular included nine new export products ----pharmaceuticals, photo voltaic, motorcycles, chemical products including chlorine, hydrochloric acid, caustic soda, hydrogen peroxide, razors and razor blades, ceramics, hats,  fish - crabs and eel, galvanized sheet/coils (coated with zinc, aluminium and zinc and colour). As a result, export earnings are expected to be bigger in future, and investment in the sectors would be encouraged to a great extent, he added. Here are some Nepali Quotes and Proverbs for you 1. Compensation Today. The Alternative Energy Promotion Center (AEPC) has taken steps for energy efficiency in a few public institutions and engaged the private sector through consulting assignments. Cash incentive to export is one of such mechanisms in Nepal, which was implemented since 2012 to motivate the exporters. 2. editors@nepalitimes.com | www.nepalitimes.com | www.himalmedia.com | Tel: 01-5005601-08 Fax: +977-1-5005518 The website is designed to serve as an an easy-to-use web dictionary accessible with any desktop or mobile browser. Antonyms for incentive include disincentive, deterrent, discouragement, counterincentive, dissuasion, hindrance, turn-off, block, determent and impediment. In Nepali, people often address each other by an affectionate, familial nickname, such as: Diddi (older sister), dai (older brother), bai (younger brother), or bahini (younger sister). Published by Himalmedia Pvt Ltd | Patan Dhoka, Lalitpur | GPO Box 7251 Kathmandu However, any  energy efficiency strategy must have measurable goals and metrics with a specified timetable. The Dhaka topi was a part of the Nepalese national dress, and a symbol of Nepalese nationality. These plans can also leverage co-benefits not just with cost savings, but also greenhouse gas emission reduction, improved comfort, health, and job creation. The products will get 10% cash incentives against their export receipts. Nepal is one destination that will fire up the imagination of your delegates. The central bank also has provisions for appointment of firms to conduct audits of cases of cash incentives. See more. Rebate definition, a return of part of the original payment for some service or merchandise; partial refund. This means per capita energy consumption will also increase from 245kWh to 700kWh in the next two years, and the Nepal Electricity Authority (NEA) wants to do this by promoting electric cooking, water heating, and electric cars. Home > Extras > English to Nepali Medical Dictionary English to Nepali Medical Dictionary Sulabh Shrestha December 31, 2015 2015-12-31T22:55:15+06:00 2016-01 … Recent Examples on the Web Attaching funding to this metric would incent the type of behavior the governor is hoping for. Government bodies can be made to pay their energy bills which will force them to reduce energy loss and be more efficient. Definition 2 Key Elements 2 Ecosystem Services and Payment 3. Overview. Kushal Gautam is Managing Director of Quasar Energy Consultants in Kathmandu. Mexico provides a model with its ‘100 Public Buildings’ model managed by the national energy efficiency agency, CONAE (Comision Nacional para el Ahorro de Energía). Site By: Hiti Design, This means per capita energy consumption will also increase from 245kWh to 700kWh in the next two years, and the Nepal Electricity Authority (NEA) wants to do this by promoting. It trained operators of 100 public buildings to carry out their own energy audits, then supported energy-saving  upgrades and operational measures like turning off unnecessary lights. It sets the goal to double the average improvement rate of energy efficiency in Nepal from 0.84% per year (achieved between 2000 to 2015) to 1.68% per year by 2030. How to use incentive in a sentence. Bonuses and Incentives 56 . Learn more. This is the average monthly salary including housing, transport, and other benefits. Enjoy these Nepali expressions, but don't forget to bookmark this page for future reference. Instead of adopting this mammoth task at one go, it may be better to take small bites. In an effort to diversify products, the government has been providing cash incentives to promote emerging and new sectors having export potential. Nepal is on a trajectory to guarantee 100% electricity access in the next seven years by increasing generation capacity to 5,000MW from new hydropower plants. Similarly, 20-30% energy savings can be achieved with tighter control, equipment upgradation and optimisation. Nepali Phrases. We know from recent history that a perfect plan on paper does not necessarily translate into reality, which is why the government can take the lead by implementing energy efficiency strategy at public buildings first with the following realistic actions: This will lead to direct cost savings at a household level and national level, reduce energy imports and cut down on building expensive new hydropower plants. Biden rolls back Trump policies on Muslims, wall, climate and health, 20 Bangladeshi fishermen picked up by Myanmar Navy from Bay of Bengal, Real dumped out of Copa del Rey by third-tier Alcoyano, The MD of an NBFI PK Halder bled dry resigns abruptly, OP-ED: All those men in the shadow of disgrace, OP-ED: Lessons for America in the post-Trump era, Please read our Comment Policy before posting. Cash incentives are given to selected export sectors in order to encourage exports in accordance with the export-led economic growth strategy of the country. Salaries range from 20,400 NPR (lowest average) to 360,000 NPR (highest average, actual maximum salary is higher).. Salaries vary … incentive meaning: 1. something that encourages a person to do something: 2. something that encourages a person to do…. This was then extended to most federal buildings to implement cost-effective retrofits. Unicode Often times one of these nicknames will be used after a name to add respect and formality. Show Examples (+) (1) Levers can incorporate interlocks, requiring the user to actuate a release mechanism before he or she can move the lever. Contextual translation of "aggressive meaning" into Nepali. Copyright Ⓒ 2012-2019. After the audit, the firm will place a certificate to a branch of the bank and the branch will forward it to the bank's head office. Nepali definition, an Indic language spoken in Nepal. The first schedule of the MEIS consisting of the definition of the country groups and the incentives on the 8-digit product lines was published along with the Foreign Trade Policy 2015-20 in April, 2015. In an effort to diversify products, the government has been providing cash incentives to promote emerging and new sectors having export potential. In addition, it provides the fiscal incentives to large industrial sectors like the apparel industry. CONAE achieved a 21% reduction in electricity consumption with payback periods of 17 months. For the outgoing fiscal year, the government kept an allocation of Tk4,000 crore as cash incentives for the export-oriented sector. In the proposed budget for the FY20, the government proposed 1% cash incentive against exports of apparel goods to traditional export destinations and allocated Tk2,825 crore for this. 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