united

we stand,

divided

we

fall

Hatemalo Nepali Student GroupHalf Yearly JournalHalf Yearly Journal May 2013May 2013 Vol. 10 Issue 5Vol. 10 Issue 5

Editorial Board:Anup A UpadhayayDeependra UpadhyayaPrabhat KhatriSanjeev TimalsinaSudhan Mahat

Cover Page Designer:Anup A UpadhayayTh akur Upadhyaya

Graphic Designer:Gopal SharmaOm TrivediSuresh Dev Pathak

Content Coordinator:Sudhan Mahat

Typing:Anup A UpadhayaySuman Devkota

Support & Assistance:Bishal Raj PaudyalIchha Baral

Jyoti KhadkaKripesh GhimireMerina MaharjanMira PokhrelNarayan KandelNigista ShresthaPrakash BaralPrakash ParajuliSajjan TamrakarShaisab PoudyalShirish BagaleSudip RayamajhiSuman Bhusal

Advertisement Committee:Ankit AryalBhisma PokhrelBikram ParajuliGyanu SharmaKapil AcharyaPrakash BaralMishan MahatRabindra KhatriRabin PokhrelSubash Pandey

Just as the season started to wear less clothes to escape Delhi’s hot air, HNSG has come up with new value adorum in terms of knowledge through this Half Yearly Journal ‘Th e Voice of Everest’.

HNSG team feels blessed with this fortune to publish this collection of masterpiece of budding stars of the nation.

Let’s start to turn every page of this Journal with great enthusiasm and cheers to New Year 2070 B.S. Our team wishes your dreams come true this year. After reading this Journal once we are hopeful that the reader will add one more resolution to their list to create something out of their mind. And most importantly, carpe diem “enjoy the present” would be our wishes to all the fraternity.

Th e year has started with a good note. Th e enthusiasm that we were able to experience in New Year celebration program is an exemplary of how unifi ed we are in this land of dreams, and how glorifi ed we are with our culture. We hope this bond strengthens even more with time.

With the exam season completing recently, we would like to wish all the best to all students those who have appeared for the examination. We hope you all come out with fl ying colors. You must have given your best time for keeping those spirits high.

Th e journal has tried to include a variety of articles which we hope you fi nd informative or entertaining or both, as the case may be. We like to thank all the members of Hatemalo Nepali Students Group for their supports in publishing this journal, and also to all those brilliant minds without whose contribution with pens, the journal would be incomplete.

We hope for extended support of everyone in future to achieve the goals together.

Editorial Message

Published by HNSG(Hatemalo Nepali Student Group)Contact: 9540829985 9871280714

Email: hatemalonvs@yahoo.com hatemalonvs@gmail.com

facebook.com/ourhnsg

The Voice of EverestVirtue of Teamwork...

Disclaimer

Articles contained in this Journal are for general and intellectual purposes only. while we endeavor to keep the information up to date and accurate as possible, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the information, or related graphics contained in the Journal for any purpose. Any reliance you place on such information is therefore strictly at your own risk. Th e publisher, authors and contributors reserve their rights in regards to copyright of their work.

No person, organization or party should rely or on any way act upon any part of the contents of this Journal whether that information is sourced from the website, magazine or related product without fi rst obtaining the advice of a fully qualifi ed person.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from, or in connection with, the use of this Journal.

Comments are welcome, but they should be on-topic and well expressed. Abusive, antisocial, or off -topic comments will be ignored.

A Person Who is Awake in Those That Sleep.--CA Motto--

~c. Prelims.indd i~c. Prelims.indd i 6/5/2013 1:00:05 PM6/5/2013 1:00:05 PM

~c. Prelims.indd ii~c. Prelims.indd ii 6/5/2013 1:00:06 PM6/5/2013 1:00:06 PM

I wish you a warm welcome to this half yearly publication of HNSG ‘Th e Voice of Everest’.

As the chair of HNSG Board, I am glad to express few words through this Journal. I wish

to congratulate the Editorial and Advertising committee for their invaluable eff orts,

dedication and patience in bringing this journal ‘Th e Voice of Everest’ to this shape.

I am sure that every reader will fi nd this journal informative and inspiring.

HNSG is marching forward with great endeavour and currently reaching the dusk of

fourth year. From early dawn of this year we have been doing various programmes amongst all Nepalese CA

students here at Delhi. Being far from home sometime troubles us with pang of nostalgia. To ease this type of

loneliness HNSG was established by our brothers four years back. Th e main objective which this organisation

is upholding since the very time of establishment is to create an integrity of thoughts and actions between all

Nepalese CA students based on values rather than personal gain.

Th ere are fair examples of events which symbolize our co-operation, integrity which have proved to be antidotes

to our loneliness. Th e Joyous moments of Picnic organised on English new year is worth remembering. Blood

donation programme which kept a record for highest pint collection in a single day in Delhi NCR further helped

in spreading the name and fame of HNSG. Holi celebration at Lalita Park was successful to bring back the smile

on faces which seemed to be fading away. We reminded people about our glory through T-shirts printed on this

occasion with the logo “Gautam Buddha, Lumbini, Nepal” Th e event organised on occasion of Nepalese new

year was once again exhilarating.

Our imagination should be used not to escape reality but to create reality. HNSG has been providing the platform

for the students to show up their talents, creativity and many other skills. Students can write their piece of mind

for this regular journal. I think this opportunity adds a moment of fun in your humdrum life. I have the confi dence

that HNSG will move forward with a higher pace and will successfully prove as a helping hand for all students.

All the best to all CA students. Make sure that every step that you are taking is in the direction of your dream,

one day your dream will come true.

Sanjeev Timalsina

President’s Message

We Express our Special Thanks for their Encouragement and Inspiration:Charge d’aff aires Khagnath Adhikari (Nepal Embassy)CA. Subodh Kumar Agarwal (Hon’ble President of ICAI)CA. Jaydeep Narendra Shah (Previous President of ICAI)CA. Vishal Garg (Chairman of Th e Northern India Regional Council of ICAI)CA. Swadesh Gupta (Treasurer of Th e Northern India Regional Council of ICAI)CA. Hans Raj Chugh (Executive Member of Th e Northern India Regional Council of ICAI)CA. Yogita Anand (NICASA Chairman)CA. Gopal Kumar Kedia (Previous Vice-Chairman of NIRC)CA. Rakesh MakkarCA. Bhagwan Lal Mr. Prakash Sayami (Director at Subharambha-Th e Musical Journey)Mr. Kishore Nepal (Th e Editor of Nagarik)Mrs. Jhamak Ghimire (Writer of “Jeevan Kanda ki Phool”)Tirtha Raj Wagle (Political Counselor, Nepal Embassy)Arjun Raj Panta (Cultural Counselor, Nepal Embassy)Mr. Lila Raj Baral

We acknowledge their Advice, Assistance and Support:CA. Rajesh Makkar (Makkar Classes)CA. Nagendra Shah (NS Academy)CA. Rajesh Sharma (RSTC Classes)CA. Ranjay Mishra (Institute of Quality Studies)CA. Satish Mangal (Satish Mangal Classes)Mr. Kailash Th akur (AKN Institute)CA. Nabaraj Burlakoti (Prime Chartered Academy)CA. Bal Chandra Shrestha (CAI)CA. Lob Bahadur RawalCA. Sandip KaushalCA. Rajan Adhikari (Founder President of HNSG)CA. Dipendra Raj Panta (Fouder Vice-President of HNSG)CA. Navaraj Lamichhane (Founder Secretary and Former President of HNSG) CA. Sandip Babu Poudel (Founder Vice-Secretary and Former Vice-President of HNSG)CA. Shyam Sundar Siwakoti (Founder Treasurer of HNSG)Nishan Babu Mahat (Founder Member of HNSG)Sudin Yonjan Lama (Founder Member of HNSG)Sheetal Mainali (Founder Member of HNSG)

Members - Ankit Aryal

Anup Upadhyaya

Bikram Parajuli

Gyanu Sharma

Jyoti Khadka

Merina Maharjan

President - Sanjeev Timalsina

Vice President - Misan Mahat

Secretary - Sudhan Mahat

Vice Secretary - Suman Devkota

Treasurer - Kapil Acharya

Present Board Member of HNSG

ContentsS.No. Name of Article Writer Page No.

1 Reinsurance Business & Prospect in Nepal CA. Laxman Gnawali 12 …nfO6 ckm\ PlzofÚ / …nfO6 ckm\ jN8{Ú 8f= lgd{ndl0f clwsf/L 33 The Need of Strategy in Today’s Dynamic Business Environment Om S Trivedi 44 xft]dfnf] g]kfnL ljBfyL{ ;d"xM– Ps ljZn]if0f ;'wg dxt 55 Private Jobs VS Public Jobs Bhargav Nathwani 66 Laxminagar, A Dream or A Fate ??? Suman Devkota 77 Do Not Quit Ankit Aryal 88 Highlights from the Budget Speech of

the FM as on 28.02.2013Kapil Acharya 9

9 Facing the Reality Prabhat Khatri 1110 An overview of Harmonized Approach to Cash Transfers (HACT) CA. Lab Bahadur Rawal 1211 International Financial Reporting Standards (IFRS) Rabin Pokhrel 1512 a9\bf] j}b]lzs /f]huf/sf] cy{/fhgLlt ;Gtf]if vgfn 1713 laxfgL fceyk voLFkh 1914 SME’s and Tendency in Nepal Manoj Subedi 2015 Take Action Before it’s too Late Prakash Parajuli 2316 All’s Fair in Gen-Next Psychology Ramji Khadka 2617 The unknown Retribution Sajjan Tamrakar 2818 It’s all About Mero Bhai Prakash Parajuli 2919 Giving up is never an Option Cabery Chand 3120 j[4f>ddf Pslbg >[hgf k/fh'nL 3221 Brief list of popular ad-slogans Sudarshan Khanal 3422 /ft t d]/f] klg xf] ;'dg cfq]o 3623 Highlights on Performance of Banks and Non-Bank Financial

InstitutionsSujan Tiwari 38

24 Ps cgf}7f] cg'e"lt /f]a6{ cfrfo{ 3925 Bank Guarantees Padam Bhattarai 4126 ;+ljwfg fCkcsd [kfroMk 4327 A Subtle Imagination Bishal Raj Poudel 4428 /fp6] – Ps emns w'j{/fh jnL …hlGh/Ú 4529 A journey with dark Mahesh Aryal 4630 afWotfdf r'l8Psf /x/x? /ljGb| vlq 4831 For a friends who know real happiness Aayushi Sapkota 5032 My Articleship Experience Divya Barathi 5133 b]z a'‰g df6f] a'‰g'k5{ ;'wg dxt 5334 We are far following the hope, but are we happy? Rojina Ranabhat 5435 ;fdflhs s'øLlt ø cfhsf o'jf lqeu Hkqlky 5536 Jokes Kiran Khwanju 5837 cGtjf{tf{ 6238 Strategic Decision Models and Characteristics CA. Rajesh Makkar 6339 Life Principle of Some successful persons CA. Balchandra Shrestha 6540 History of Accountancy CA. Ranjaya Kumar Mishra 6641 Interview with an Executive member of NIRC 69

... and many more short writings

Aakash Shrestha Aakash BhattaraiAashish KhatiwadaAayushi SapkotaAbinash ShresthaAjay ChaurasiyaAkash GhimireAkash ShresthaAkbar AliAman BasnetAmir RijalAmol SilwalAmrit KandelAmrit SapkotaAmrit SubediAnand RokaAnand YadavAnanta BhandariAnanta PoudelAnil BanjaraAnil Kumar RijalAnil PoudelAnish KhatriAnish ShakyaAnita Kafl eAnjit LamaAnoj ShresthaAnukal AryalAnup ShahiAnurup DhungelArjun TamangArjun YamphuArun AdhikariArvind BhattariAshish Chandra NeupaneAshish KhaniaAshish KhatiwadaAshish RanabhatAshish RauniyarAshish RegmiAshmita KhanalAshmita SedhaiAshok Th apaAshqin KhanAstha SharmaAvash GhimireBalkrishna BhusalBeenie TchhetriBegan K.CBhargav NathwaniBhirwani GautamBhisma PokhrelBhisma PoudelBhupen PunBhuwan KhadkaBhuwan MahatBibek AcharyaBibek KhatiwadaBibek PrasaiBibek Ram BhandariBidhan SubediBidhan JhaBignesh ShresthaBigyan RegmiBijay TripathiBijaya PhuyalBikash ChapagainBikash SitaulaBikash Th akurBikash TiwariBikesh PokharelBikram Th apaBimala AwasthiBimlesh Kr. Sharma

Binam RimalBinesh Th apaBinod AcharyaBinod BogatiBinod ParajuliBinod PhuyalBipin RegmiBirod WagleBishal Dip RautBishal Th akurBishnu BasnetBishnu KoiralaBishnu Mani PokharelBP KoiralaBristit DangalC.A. Deepak DhakalCA Atish ShresthaCA Bharat RijalCA Deep KhanalCA Govinda GautamCA Lab RawalCA Nabin DevkotaCA Nitin GuptaCA Prabhat BhandariCA Ratnesh JhaCA RK GuptaCA Samarpan Kafl e CA Sandeep KausalCA Sanjay GywaliCA Sanjay PandeyCA Santosh GuptaCA Sudip PandeyCA Suman SharmaCA Surendra MaharjanCA. Nil SharuCA.Laxman GnawaliCabery ChandChandra GururngChandra Prakash SinghChandra ShresthaChatra SinghChitra KarmacharyaDamodar BastakotiDebug lamichhaneDeepak AdhikariDeepak OliDeepu ChaudhariDhiraj BhandariDhruba Raj OliDilip BhusalDilip KarkiDilip SubediDinesh K.C.Dinesh YadavDipesh ShresthaDivya BarathiDiwakar PandeyDiwas TimalsinaDiwash DahalDr. Nirmal Mani AdhikariDurga ShresthaDurga SiwakotiGanesh BhandariGanesh ChhetriGanesh PokhrelGaurabh LuitelGaurav ShresthaGopal ShahiGovin GyawaliGovinda AryalHanna GeschewskiHari AcharyaHimal ShresthaHimalaya Kazi Shrestha

Imy MaharjanIrfan AlamIrfan AliJanak Raj TimalsinaJanesh AdhikariJanma Raj TimilsenaJaya Ram ShahJeevan GautamJelina KandelJenish AryalJeny MallaJunesh AdhikariKailash Th akurKamal RegmiKamala LamaKamalesh Prasad JoshiKamlesh JoshiKapil AdhikariKapil LuitelKarmaKhagendra ParajuliKhuman K.C.Kiran KhyajuKrishna GurungKrishna KhanalKrishna RanabhatKshitiz BashyalKshitiz GautamKumar Lal ShreshtaL.N. SilwalLata PanthiLaxman AdhikariLijan ShakyaLok BoharaLokraj PandeyMadan PokhrelMadan Pun MagarMadan Raj ChhetriMadhav GhimireMadhur BaralMahesh AryalMani BhusalMani NeupaneMani Raj GhimireManip ShresthaManish PariyarManisha AryalManoj MehtaManoj OliManoj SubediManoj Th apaliyaMilan AdhikariMilan KhadkaMilan KunwarMilan MoktanMrigen KarnMukesh AgrahariMukesh Kumar SahMukesh ShahNabaraj BashyalNabaraj KatuwalNabin AdhikariNabin GurungNabin RegmiNaveen GurungNawaraj KatwalNeeraj KCNeeraj ShresthaNiraj Th apaNirajan GautamNirajan Kumar MahatoNisan PoudelNisha ChandNishan SubediNitesh Jha

Nitesh Raj ShakyaNutan DevkotaNutan KatwalOjesh Kumar ShahiOm Shila KarkiOm TrivediPadam BhattaraiPadam Th apaPallabh BhandariPamesh MahatoParas RawalPrabhav KhandPrabin GiriPrabin GyawaliPrabin KhetanPradeep KharelPradeep ShresthaPradip MallaPradip ShresthaPrajwal KattelPrakash BaralPrakash BasnetPrakash BhurtelPrakash GhimirePrakash NeupanePrakash ShresthaPraman NepalPramod GyawaliPrasanna PantaPrashant PandeyPrateek NeupanePrateek PantaPrateksha PoudelPratik KhanalPratik PantaPravesh AcharyaPravin GiriPrem SunwarPrem Th apaPrithvi RegmiPunit MishraPurshottam ChaudharyPurushottam SapkotaPurusotam TandukarPushkar GautamPuskar AryalPuskar PokheralRaaj ChhetriRabin SubediRaj Ballav KoiralaRaj ChhetriRajeev GautamRajendra JoshiRajesh BhandariRajesh GhimireRajkumar AdhikariRajmani BhattaraiRajneesh PandeyRaju DhakalRaju Pandey Ram Bahadur K.CRam Hari KandelRam Narayan YadavRam Raj KhatriRam SubediRamesh ChaliseRamesh PandeyRamesh PaudelRamji KhadkaRamu Th apaRang Raj AdhikariRanjit SapkotaRavi GhimireReason RegmiReeju Shrestha

Richa LohaniRiju ShresthaRikyace MaharjanRishabh MishraRobert AcharyaRojina RanabhatRoman MaharjanRoshan BasnetRoshan Kumar SharmaRoshan OdariRoshan Raj BastolaRudra SilwalRupak GautamRupesh KhadkaSabin DhitalSabita KhatriSachyam khanalSafal Himal ShresthaSafal ShresthaSafal WagleSagar AdhikarySagar BastolaSagar K.C.Sagun KhanalSailendra GhimireSailendra ShahSailesh PanditSajana SharmaSalika SijapatiSamir Kumar ShresthaSamundra ShresthaSandeep PokhrelSandeep RanaSandeep TiwariSandignata KhanalSandip Raj PanditSandip RanaSanjay GautamSanjay GuptaSanjay RanjitkarSanjay SubediSanjaya AryalSanjaya KCSanjaya RanjitkarSankar DhakalSankhar GCSankhar Th apaSantosh BasyalSantosh DevkotaSantosh K.C.Santosh KhanalSantosh SahSantosh ShahSanu LamichhaneSaroj ManandharSarthak Bhandari Satish PokhrelSaurab BoharaSaurabh BhandariSaurav BasnyatSaurav PoudelSelina PokhrelShailendra GhimireShailesh DallakotiShankar Th apaShila GhimireShiva Shankar SahiShodesh HamalShovit BasnetShubas Chandra PandeyShyam Krishna KhadkaSovit BasnetSrijana OliSrijana ParajuliSrijana Rai

Subash MahatSubash TimilsenaSubham UpadhayaySubodh BashyalSudam RegmiSudarshan KhanalSudarshan PandeySudeep AdhikariSudeep GhimireSudip DevkotaSujal MallaSujan BhandariSujan DevkotaSujan NeupaneSujan RaiSujan SubediSujan TiwariSujeet SharmaSuman AatreyaSuman AryalSuman KhatriSuman Kumar MallaSuman MallaSuman PuriSuman RijalSuman SahiSumeet GautamSumitra BasnetSumitra GhimireSunder ShresthaSunil AryalSunil ChapagainSunil LamsalSunil PokhrelSunita Th apaSunita TuladharSuraj BasnetSuraj BudhathokiSuraj Kumar DasSuraj ShakyaSuresh Dev PathakSuresh PandeySuresh PathakSuresh PyathaSuresh ShilpkarSurya Bdr. MahatSurya BogatiSurya MahatSushil GhimireSushil PokhrelSuyash BhandariSuzan BhandariSuzan KarkiSuzan NeupaneSuzan RaiSwostic UpretiTh anesor BashyalTikaram DhakalTikaram KarkiTilak K.CTirtha Raj AryalUddabh DhakalUjjwal PoudelUmesh PyakurelUpawan KhadkaUtsaha BhattaraiUtsav DhitalUttam Jung KunwarUttam NeupaneVeer BhattYubaraj Karki

We are Indebted to the following Seniors, Juniors and Colleagues for their kind Support:

THE VOICE OF EVEREST • May 20131Big pay and little responsibility are circumstances seldom found together.

-- Napoleon Hill --

BRIEF INTRODUCTION OF NEPAL• Federal Democratic Republic country,

• Landlocked country,

• Located between China in the north and India in the other sides,

• Area – 147,181 square Kilometers [93rd largest country],

• Population – approx. 26.5 million [41st most populous country],

• Capital – Kathmandu, nation’s largest city and

• Terrain – Plain in the south, Hills in the middle and Mountain in the north.

PRESENT INSURANCE SCENARIO• 16 non-life, 8 life and 1 composite insurance

companies in the market,

• Low capital based companies, NPR 10 Crore (USD 11,500 Approx.) for Non-Life and NPR 25 Crore (USD 30,750 Approx.) for Life Insurers.

• Depend heavily on Reinsurance Support and

• Low volume of premium generation

Table 1: Ownership Pattern of Insurance Companies

Ownership Nature of Company Total

Life Non-Life Composite

Government - - 1 1

Private 5 13 - 18

Foreign 1 2 - 3

Joint Venture 2 1 - 3

Total 8 16 1 25

REINSURANCE MARKET IN NEPAL• No local reinsurance company,

• Few foreign companies in the market,

• GIC of India being the main reinsurance company,

• Other reinsurance market is from Asia and Africa,

• Small reinsurance support from European market,

• Lloyds or other market is not cost eff ective,

• Volume not justifi ed,

• With low premium volume, not a lucrative market for reinsurer,

• Few big losses can wipe out entire premium income,

• Very less confi dence of the reinsurers on local underwriting capacity.

MARKET POOL IN NEPAL• Terrorism Pool, Nepal is a very successful example,

Net worth increased by almost 15 times in 10 years time,

• Now, Terrorism Pool, Nepal is a lucrative one for Reinsurers Commission (increased from 15% to 52.5 % on Quota share)

• Gradually pricing can be reduced,

• Pool can be developed in other fi elds [Earthquake, Motor TPL, Aviation] even possibly into a Reinsurance Company,

• Pool can absorb large part of risks internally with excess of loss protection and

• Cooperation between local companies has given capacity and credibility.

EFFECT OF INTERNATIONAL MARKET• Losses in the international market adversely aff ects

our market also,

• Reinsurance market becomes hard,

• Often diffi cult to get full reinsurance support and

• Terms of reinsurance are quite tight in the available market.

MAJOR CONSTRAINTS• Aviation, Project Insurance almost totally depend

on foreign market,

• Local market has nominal capacity for Aviation and Project Insurance,

Reinsurance Business & Prospect in Nepal

Laxman GnawaliCA. M. Com

May 2013 • THE VOICE OF EVEREST 2Th e road to success and the road to failure are almost exactly the same.

-- Colin R. Davis --

• Large Risk Insurance is controlled by Reinsurer’s terms,

• Lack of technical manpower in the market and

• Lack of mutual trust and confi dence.

BENEFITS OF REGIONAL REINSURANCE MARKET• Reduce dependence on international reinsurance

centers,

• Increase market retention (local and regional levels),

• Generate regional cooperation and support,

• Familiar with regional realities,

• Possible to insure natural catastrophic perils risks like storms, fl oods and space risks etc.,

• Research and development (R&D) – Innovation/Risk Protection,

• Capacity building through Human Resource Development

• Regional information sharing and

• SAARC Insurance Pool: SAARC Reinsurance Company.

WAY FORWARD• Local market should retain more with local sharing

of risks,

• Increase in capital and also by way of possible mergers,

• Th is will develop internal capacity,

• Dependency of foreign reinsurance reduces gradually,

• With the retention of higher share, reinsurance for balance becomes easy,

• Confi dence of reinsurers will also increase and

• High retention market can get Excess of Loss cover

1st SAARC Insurance Regulators’ Conference 2013

Subject of Discussion:

• Challenges of Reinsurance faced by SAARC Countries

• Finding the win-win dynamics.

Discussion will explore the following:

• To develop a regional vibrant reinsurance market,

• To sort out regional issues in reinsurance including handling of catastrophic risks, climate change, etc.,

• To maintain long term partnership between insurers and reinsurer as a means of price stabilization,

• To cope with consequence of fl uctuation in international reinsurance market, contraction and fl uctuation and

• Any other matter that may come up for consideration.

*********

[CA. Laxman Gnawali is Member of Institute of Chartered

Accountants of India and presently working with M/s Insurance

Board (Regulator of Insurance Company in Nepal). Th e view

presented are the solely opinion of the writer and hence do

not necessarily represent the view/publication of the Insurance

Board.]

“Noble paths”What do you think

Think always the bestWhen you get no wayThen take a little rest

Select the right way and go for the nextWhich enables your future and improves your text

What do you saySay always after test

Think for what your life isto runand run, not to paste

Achieve your desire that results to fairBehave in such a way that nobody scares

What you desireTo earn money and gain the fame

Achieve your destiny in such a wayThat you don’t have to do rename

Think what you are forAlways speak truth, lie neither or nor.

– Bimlesh kr. SharmaToppers’ institute

Birgunj,Nepal

THE VOICE OF EVEREST • May 20133Th e only true wisdom is knowing that you know nothing.

-- Socrates --

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æxfd|f] d'n's g]kfn slxNo} k/fwLg ePgÙ xfdL ;w}+ :jtGq /Xof}+ Æ eg]/ gfs km'nfpg] u5f}{+ xfdL . l5d]sL d'n's ef/tn] klg ;fd|fHojfbLsf k~hfaf6 d'lQm kfPsf] y'k|} ;do eO;Sof] . t/, o; ef/tjif{ e"–efudf a:g]x?n] x]Ssf gk'¥ofO/x]sf y'k|} ;fd|fHojfbL cjz]ifx?n] cem}klg bfx|f–gª\u|f ufl8/x]s} 5g\ . ;fFrf] s'/f xf]— dfgl;s bf;tf emg\ vt/gfs x'G5 . ;u/dfyfnfO{ …dfpG6 Pe/]:6Ú g} elgg lbO/xg'Ù j'4nfO{ …nfO6 ckm\ PlzofÚd} v'DRofO/xg /fhL x'g'Ù rf0fSonfO{ d]lsofa]nL;Fu / k[YjLgf/fo0fnfO{ la:dfs{;Fu cy{ g ay{ l;t hf]l8/xg'n] ug]{ ;+s]t lj8Dagfk"0f{ g} t 5 . xf]Ogeg], ca sl:;P/ ;jfn 7f]Sg] a]nf cfO;s]sf] 5— xfd|f j'4 lsg …nfO6 ckm\ PlzofÚdfq} < c:t' .

Od]n M vedicbrahman@gmail.com

…nfO6 ckm\ PlzofÚ / …nfO6 ckm\ jN8{Ú

8f= lgd{ndl0f clwsf/Lefiff tyf cfd;~rf/ ljefu, sf7df8f}+ ljZjljBfno

May 2013 • THE VOICE OF EVEREST 4Great spirits have always encountered violent opposition from mediocre minds.

-- Albert Einstien --

“Victorious warriors win fi rst and then go to war,while defeated warriors go to war fi rst and then seek to win” – Sun Tzu

Th e world keeps changing. It always has and always will. Th is is the fundamental value of strategic management, for the use of strategic planning is to make decisions now so as to guide an organization’s future directions.

Th e basic challenge for any company (or, for that matter, for any living thing) is survival. And to survive over the long term, a company must have two strategic capabilities:

• the ability to prosper and

• the ability to change

What is most surprising is the amount of change going on around us! And we notice, at the same time, how some organisations change very little.

Darwinism says:

“Struggle for existence, survival of the fi ttest and origin of new species”.

“It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.” – Charles Darwin

Over any time period, say one, fi ve, ten years, in any geographic region thousands upon thousands of new organisations are set up, and within the same time frame many thousands are dissolved, mostly small ones but sometimes very large ones too. Some organisations go on for a very long time. For instance, the Tata Groupestablished by Dorabji Tata has been fl ourishing since 1907 whereas few commercial organisations have survived for more than a century. On an average, however, the lifespan of commercial organisations in our country is about 50 years.

Over the years, surviving organisations change their structures as well as the composition of their activities. As they do so they either threaten or create

opportunities for others. Whole new industries appear as new technologies are developed, creating niches of new activities for both new and old organisations, while other industries disappear.

Many organisations reduce their workforce in downsizing, delaying activities. Many relocate their activities from one country to another. Some focus on one locality while others operate globally. From time to time, there are major changes in how organisations are governed. Th ere are private and public, commercial and charitable, governmental and industrial organisations

all interacting with each other in many diff erent ways.

Strategic Management is all about identifi cation and description of the strategies that managers can implement so as to achieve better performance and a competitive advantage for their organization. Competitive advantage allows a fi rm to gain an edge over rivals when competing. It is a set of

unique features of a company and its products that are perceived by the target market as signifi cant and superior to the competition. In other words, an organization is said to have competitive advantage if its profi tability is higher than the average profi tability for all companies in its industry.

“If you don’t have a competitive advantage, don’t compete” - Jack Welch, GE

Th e manager must have a thorough knowledge and he must analyze the general and competitive organizational environment so as to take right decisions at the right time. Th ey should conduct a SWOT Analysis (Strengths, Weaknesses, Opportunities, and Th reats), i.e., they should make best possible utilization of strengths, minimize the organizational weaknesses, make use of opportunities arising from the business environment and shouldn’t ignore the threats.

Th e Need of Strategy in Today’s Dynamic Business Environment

Om S TrivediEPSM-IIMC, Kolkata

THE VOICE OF EVEREST • May 20135When your life fl ashes before your eyes, make sure you’ve got plenty to watch.

-- Anonymous --

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xft]dfnf] g]kfnL ljBfyL{ ;d"x M– Ps ljZn]if0f–– ;'wg dxt ––

May 2013 • THE VOICE OF EVEREST 6 Whether you think you can or think you can’t, you’re right.

-- Henry Ford --

Th is article is about jobs. As we all know, now-a-days CAs are also facing problem regarding jobs due to high competition in the market. CAs are very comfortable with doing practice because it satisfi es with capacity of work as well as money also. However, now-a-days due to competition and several weak fi nancial situations of economy, practice is very hard to do and develop.

Chartered Accountant have mainly 3 option i.e. Practice, Job and to provide coaching for CA Students. As far as concerned with Coaching, it requires  one kind of skill and hobby to provide Coaching as service. So, it’s not much general way to go for it.

Job is more benefi cial and one and only option for us. However, in job we have many options to choose our fi eld. Th ere is no limitation of our degree. In India, we fi nd lots of private as well as Governments jobs. As India is a mixed Economy we fi nd both options at single place.

Chartered Accountancy is a very diff erent type of professional degree, we can’t compare it with any other in fi nance fi eld. CA is Th e King of Finance. As we know KING is always one. No alternative for this kind of People. 

Th is kind of personality has passion in his/her work, thinking, actions, re-actions and decision making. Th ey believe and think on their own. So, it’s quite a diffi cult task to go for jobs and working on others’ directions.

Now, fi rst of all we should discuss about Private Jobs and Public Jobs. Th en we can fi nally decide what should be the best option for Chartered Accountant!!!

As we are seeing fi nancial situation of our economy is quite bad from last 2-3 years. Period of recession is continuous from “Big Recession of America”. At this time private companies don’t want to create good jobs. It creates burden on companies’ fi nancial position. 

Attraction of public jobs in India is very high from earlier times. We have many reasons of this attraction like, healthy salary, job guarantee, fi xed increments, bonus, fi xed time for work, leaves, less working burden, etc. are the most benefi cial reasons why people are crazy  about getting government jobs.

Should Chartered Accountants be crazy about government jobs?  “Government Jobs are like Gold”.    Investing in gold is very good option to get

maximum return on your investments, but it will block money/ wealth of economy. As a result economy has to suff er shortage of money in economy.    As compared to this example with our life, we are blocking our future opportunities and chances of doing something new by own thinking by Choosing Governments Jobs. Th is job invisibly prevents our freedom to think about rationality. 

We have to face highly corrupt  system and people that cannot be changed by us. And this will also not be a proper way to change system.   Aim and motive to be a Chartered Accountant may not be satisfi es in regards.  We have to surrender our own thinking against majority. 

Other aspects like suffi cient money, fi xation of job, these all aspects change our attitude towards our original goals/aims to be a Chartered Accountant.  It changes our direction towards life also. And at last we blame on system for forgetting our responsibilities, goals, aims, etc. Just because of us they were in head of government. And they haven’t any worries about our career.

As we are seeing in public sector, people have very bad attitude towards their works. Th ey are working like, we are taking obligation of their position. In real terms, “Th ey are Servant  of Society”. My language is not bad in manner in what I said. Th is is authorized statement by law of India.

Comparing to this in reality is totally diff erent. Th ey don’t have manners, communication skills, values, common sense on how to behave with anyone, don’t follow any ethical standards, morality etc. Th ese all are missing from their personality only because they are sons of Government.

Th ese all are reasons for our total wastage of economy’s Wealth. As compared to this private jobs are far better. However, they are giving less comfort compared to public jobs. But the thing is that, what we are doing in private sector is ideal. It has some Standards. We can develop our self, our own thinking.

Revolutionary thinkers are required for developed India from developing India. CAs are most important parts of our Country. If they are attracted by gold investment (as earlier we discussed)  rather than to invest their expert knowledge for development of the country.

P rivate Jobs VS Public Jobs

Bhargav NathwaniCommittee Member of Rajkot Branch of Western Institute of

Chartered Accounts Students Association (WICASA)Rajkot, Gujarat

E-mail: bhargav.nathwani@yahoo.com

THE VOICE OF EVEREST • May 20137People seem not to see that their opinion of the world is also a confession of character.

-- Ralph Waldo Emerson --

First of all, though it’s a bit late, my congratulation goes to all the passed outs of CA FINAL, IPCC & CPT of –recent exams. Also, my best wishes for all the colleagues, friends, seniors & juniors who have just appeared this May exams. May your coming days be glorious with hands full of success and results in your favour.

Being the part of HNSG holding a responsible post, I must have done much more for HNSG. My contributions and dedications are nowhere. Just looking at the present context, it had become a tough task for me just to write an article for the journal. Whenever I met our secretary, the very same question, “Suman, have you written something?” and my readymade answer to him, “I will surely, but I have been unable to choose the topic.” I acted as if I had a vast knowledge and variety of subjects to write, but right now I am unable to choose the right topic. But the reality is, I am vacant and don’t have a subject, or I can say, I don’t know what to write about. Th e same question was being asked to me at Chacha’s tea stall, or in the Metro, or under subways, wherever and whenever I met others. And my answer to all of them was always the same, “I will write, but now just choosing the right topic.” And to reveal the fact, till now I had not got any topic.

I tried to write something many a times, but couldn’t. Actually I didn’t get any topic to write. I tried to write about my country, about politics, about economics, about history, about literature, about offi ce life, about CA student life, about life in Laxminagar. Nothing concrete came out of me. Every time, after a paragraph, the paper was torn and the paper reached to kiss the dustbin.

I didn’t want to choose the topic on my country because you know about it more than me. Everyone is well aware of the happenings and developments in their own motherland. And the other hot topic is politics, which I never understood. So, I am not in a position to say something about it. Th e politics is what ordinary people can’t understand, and I myself being a common people am unable to understand the dirt and dust attached to it. So, I didn’t even dare to return and look at this topic.

Another topic that rumbled in my mind is CA students and their life in Laxminagar, at which we everyone is used to and fed up with. Th e offi ce, morning classes, & the rush that runs through our adrenaline every moment

Laxminagar, A Dream or A Fate ???

Suman DevkotaCA Final

is what I don’t want to bring as a topic. I really don’t want to recall the offi ce days when your principal (CA) is in front of you with your Audit Report or Draft Balance Sheet.

And to mention about the classes, classes are the best place to take long nap in chilled ACs. I don’t want to choose this topic either because, why shall I take you to the nostalgia and regret to have passed through those classes in which you used to fi nd a beautiful girl by your side. For Articled Students, the situation is further worse. Th e classes for them are the best options for charity as we need to spend whole month for outstation audit. Almost half the course is gone through when we are back to Delhi. Otherwise, early timing of offi ce and pressure from the CA compels most of us to leave in the middle of the class. Th us, the huge amount of cheques off ered is just a complete waste. Classes are the only things in Delhi that worries me most either because a huge amount of my father’s sweat is fl own away through it or because my time is being wasted on the way to & fro the classes.

To talk about the life of CA students at Delhi, it is worth noticeable at the evening when couples wander on the ways & subways in Laxminagar and Shakarpur. I have no words to explain the culture and tradition of Nepali guys copying western cultures and traditions so easily. Just one question runs throughout my mind, if the same trend goes on, what will be the future of my motherland NEPAL? Th ere are guys who think of the girls only, and the girls who think of the guys only, there are politicians who think of their parties only, and the sons who think of their parents only.

Th en, who will think for NEPAL???

At last, but not the least, it is unjust just to explain Hatemalo Nepali Student Group in one or just two paragraphs. Th e functions that it is continuously organizing and bringing students to one platform & uniting students at some point of time by whatever programme or name is really appreciable. Hence, not being unjust, I won’t raise this topic either, because, the acts that have been done and are being done are far more than words compiled here.

Nepal is the nation where Angels live but being ruled by Devils!!!!

May 2013 • THE VOICE OF EVEREST 8A friendship founded on business is a good deal better than a business founded on friendship.

-- John D. Rockefeller --

After the sad news of demise of one of our collages, I felt real ugly. Th is is the second incident in last one year where a Nepali C.A. student has committed suicide. It is sad news and an ugly fact which we must try to cease. With this article, I would like to pay my tribute to the demised soul. Anyone who thinks that things are not going their way or life seems too diffi cult, I would like to share a short anecdote.

One day a man quit his job, his relationship and wanted to quit his life. He went to the woods to have one last talk with God. “God, can you give me one good reason not to quit?” He asked. God’s answer surprised him.

“Look around, do you see the fern and the bamboo? When I planted the fern and the bamboo seeds I took very good care of them. I gave them light and water. Th e fern quickly grew and its brilliant green covered the fl oor. Yet nothing came from the bamboo. In the second year, the fern grew more vibrant and plentiful and again, nothing came from the bamboo seed. But I did not quit on the bamboo seed. Th ere was still nothing from the bamboo seed neither in the third year nor on fourth year but still wouldn’t I quit on bamboo.

Th en in the fi fth year a tiny sprout emerged from the earth. Compared to the fern it was seemingly small and insignifi cant. But just 6 months later the bamboo rose to over 100 feet tall. It had spent the 5 years growing

roots. Th ese roots made it strong and gave it what it needed to survive. I would not give any of my creations a challenge it could not handle. All this time you have been struggling, you have actually been growing roots.” God said to him.

I would not quit on the bamboo neither will I ever quit on you. Don’t compare yourself to others. Th e bamboo had a diff erent purpose than the fern. Yet they both make the forest beautiful. God have him insight.

With the help of above anecdotes, I would like to share here that life is not always a smooth ride, we get to hit few bumps on the road and sometimes it seems that these bumps are never ending but then remember god said,” I would not give any of my creations a challenge it could not handle.” So if

any day we feel like life seems hard then please stop comparing yourself with others. Th e main cause of stress or frustration is comparison. If we are comparing yourself with other then you are insulting yourself. At last I would like to quote B.C Forbes, he said, “Th ey won because they refused to become discouraged by their defeats.”

And you never can tell how close you are,

It may be near when it seems so far;

So stick to the fi ght when you are hardest hit

It’s when things seem worst that you musn’t quit.

Do Not Quit

Ankit AryalCA (Final)

Email: a1zankit@gmail.com

THE VOICE OF EVEREST • May 20139Innovation distinguishes between a leader and a follower.

-- Steve Jobs --

1. Global economy has slowed from 3.9% to 3.2%

2. No solution but FDI, FII, ECB to bridge CAD

3. National food security bill is a promise of the UPA

4. Invest allowance of 15% for investment in plant & machinery

5. Infra debt funds are encouraged to promote investment in infrastructure

6. 4 IDF’s have been registered with SEBI, 2 will be launched soon

7. Some companies can issue tax free bonds up to `50,000 cr for Infra

8. Expect to raise `25,000 Cr via tax-free bonds in FY13

9. Home Loan up to 2500000/- taken after 01.04.2013 -2014 Additional Deduction of `100000/- in account of Interest will be allowable.

10. Rajiv Gandhi equity saving scheme to be liberalised

11. Income limit for RGESS raised to 12 lakh from `10 lakh

12. CSR@2% shall be part of the Expenditure

13. To increase refi nancing of SIDBI to help MSME

14. Government has proposed to setup a New Woman Bank as Public Sector bank

15. To provide `1,000 cr initial capital to All-Women’s Bank

16. Insurance companies will be empowered to open branches in tier II cities without prior IRDA approval

17. SEBI to simply procedures for FIIs, unify categories of FIIs

18. Proposal to amend SEBI Act under consideration

19. 289 FM radio channels to be auctioned in FY14

20. 294 more cities to be connected by FM Radio

21. Govt to contribute 1000 cr for Nirbhaya fund

Tax Proposals in Budget Speech 28.02.20131. Dispute Resolution Method will be introduced for

DT and IDT

2. Minimum Exemption 2 to 2.20 Lacs

3. Additional SC @10% whose taxable income exceed @1 Crore only for One Year Only called Super rich tax:

4. Home Loan up to 2500000/- taken after 01.04.2013-2014. Additional Deduction of ̀ 100000/- in account of Interest will be allowable.

5. Eligibility conditions for disable person Insurance for 15% to 20%

6. Tax credit of ‘2,000 for income up to `5 lakh:

7. DDT Surcharge raised to 10% from 5%

8. To continue with education cess at 3%

9. 10% surcharge on companies with income over ‘10 crore

10. Tax holiday for power plants extended to March 2014

11. Extend 80IA by 1 year

12. TDS @1% on the Capital Gain transaction Over to `50 Lacs property.

H ighlights from the Budget Speech of the FM as on 28.02.2013

Compiled by Kapil Acharya

May 2013 • THE VOICE OF EVEREST 10Th e more you loose yourself in something bigger than yourself, the more energy you will have.

-- Norman Vincent Peale --

13. 15% tax on dividend from overseas arms to continue.

14. DTC in progress, as per best international practice

15. To reduce STT on equity futures, MF Units

16. To introduce CTT on non-agro futures contracts at 0.1%

17. Agro commodities to be exempt from CTT

18. 20% fi nal withholding tax on unlisted companies

19. Modifi ed provisions under GAAR eff ective April 1, 2016

20. To incorporate decisions on GAAR

CUSTOMS1. SED on cigarettes hiked by 18%

2. Custom duty on imported motor vehicles hiked

3. To up import duty on luxury cars to 100% from 75%

4. Increase excise duty on SUV’s from 27% to 30%

SERVICE TAX1. No change in standard rate of excise duty, service

tax.

2. Vocational Courses New Services added to negative List become exempted.

3. Film Industry get exemption for copy rights added to negative List become exempted.

4. Voluntarily Declaration Scheme in Service tax as One-time Amnesty Scheme for service tax due from 2007.

5. To reduce abatement rates for luxury apartments as reduced from 75% to 70 % in Residential Complex Services.

6. To impose service tax on all AC restaurants

7. For GST need to be pass by Constitutional Amendment. To present Draft Bill on GST in parliament in next few months.

OptimismI see the cliff

Ninety degree steepBelow flows a riverSeveral meters deepHanging on a ropeI collect my hopeTied on a trunk

The rope is strongBut it has a girth

Larger than my fist!

Right leg finds a supportLeft is hanging freeNeck bent upwardI look at the tree

Hundreds feet aboveThe leaves are green

That is the pointWe had never been.

Push the rocks, pull the rope

‘It is so simple’ my mind had toldBut these arms are fatigued

I am loosing the gripMy toes have bledAnd dry is my lip

The sun is so strong‘It must be noon’I said to myself“You’ll die soon”

Lots of them were lost

Crocs ate them allI believed, this was simple

But I am going to fallMy seniors were there

Advised not to take a riskI now regret

I had listened them at least.

I was thinking all thisWhen a breeze hit meSweat cooled my bodyThe god was with meA brisk of optimismI would rather call itFilled my muscles

And wounds were healed.

I looked down,And then up

I have no choiceBut to reach the topI will taste the fruits

And will show my rootsI’ll be on a point

We had never beenI’ll be on the placeI’d always dreamed.

– Pallav Bhandari(CA-Final, ICAN)

THE VOICE OF EVEREST • May 201311Th ings work out best for those who make the best of how things work out.

-- John Wooden --

W e were having this conversation regarding plans of my friend to go abroad. She even told me that she should have realised it a few years ago itself. I said, “Best wishes! But our country needs talents too, isn’t it?” She told me back “Yes it does, but it can’t aff ord the talents!”

She was true. I had to agree. Th ough I was and am optimistic from my heart, facing the reality was inevitable. Our country lives on the pride derived from valour of our ancestors. But it does not value the talents of today. My country cares about people from neighbouring country entering my territory, but blatant brain-drain is not a matter of concern. My country is complacent with the political agreements signed about who is going to lead the next government and is blindfolded to the good governance.

Yes, my country stands high on the substandard pillars laid on some weak foundations over an active tectonic plate. And these pillars of today, sell out a dream to the pillars of tomorrow (as they say it), that the foundation is profoundly stable and they are going to hold on very well. Quite obnoxious, isn’t it, when it is prima facie evident that the bricks forming these pillars (of tomorrow) are weathered already and the cement has already lost its binding property. And the selling of dreams is a perpetual process.

Our country boasts since it has tremendously potent resources, however unutilised they may be. Our country boasts since Buddha was born here some 2500 years ago, it doesn’t bother to care if after two and half millenary some of the great minds are dwelling hither and thither to seek out some opportunities of presenting

themselves. Our country praises the gallantry of brave warriors centuries earlier who resisted falling in the hands of other countries but chooses to forget the gems of today that are drawn to other countries in pursuit of a better future. Our country has pride on the geometrical feature of the fl ag, but the incongruity of actions with words is not a matter of headache to any heads.

My country is very much worried of external encroachment. As soon as some foreign aids are revealed, my country raises eyebrows in suspicion that that country is trying to buy us. Nevertheless, my country remains sedentary when it comes to generating the resources from inside. My country wants roads touching every house, yet doesn’t want

a single piece of land being used for constructing that road. And till the new development projects build the roads (without using a single piece of land) in the locality, they are never going to get any assistance from the locality or the country as a whole.

My country promotes the tea-shop wandering-carom board strikers as brilliant minds and the ingenious minds are never apprehended. And the mind of my country is so much impoverished, it can’t pay for other minds that could help this country.

And all it can do is stand alone in destitution.

Saying all that, the words of my uncle echoes my mind, “complaining alone doesn’t help boy!” So what do I do else than whining? Hope is the answer. I do hope that one day will come when my country values talents, when it will be able to aff ord them, and when it will absorb them. I do hope that one day my country will fi ll all the voids which have made the foundation weak. I do hope that the pillars of tomorrow become the pillars of today before the bricks are eroded. I believe that one day will come when my thoughts will not jeopardise my prosperity. I believe, one day the actions will speak louder that words. And, the most important of all, I have faith that “that one day” will come very soon.

Prabhat Khatri

Bhaktapur

Facing the Reality

May 2013 • THE VOICE OF EVEREST 12We cannot solve our problems with the same thinking we used when we created them.

-- Albert Einstien --

1. Background

“Th e high level forum on Aid eff ectiveness that took place in Paris in 2005 reconfi rmed the commitment of donors and development organizations to improve the quality of development cooperation and put forward series of recommendations on how to turn commitment into reality. Th ese recommendations have important implications for the way the UN acts in the fi eld, one of them being an urgent need to direct renewed eff orts to strengthen national capacity for managing development process”

Above mentioned statement has been picked up from a beginning Para of a letter launching Harmonized Approach to Cash Transfers (HACT) by United Nations Development Group (UNDG) duly signed by United Nations Children’s Fund (UNICEF), United Nations Development Programme (UNDP), United Nations Population Fund (UNFPA) and World Food Programme (WFP). Harmonized Approach to Cash Transfers (HACT) is an initiative taken by UNDG in UN reform which helps to reduce transaction cost and to implement true harmonization in the area of assurance. Th e HACT introduces new way of managing the process of transferring cash to implementing partners (these may be Government Organizations/International Non-Governmental Organizations/ Local Non-Governmental organizations/ Community Based organizations etc.)

2. Why HACT?

United Nations had to change the way of doing business both in programme and operations to keep pace with the changes in world of development cooperation. In the very process of implementation of development assistance the agencies of United Nations Development system transfers funds to various partners named as Implementing Partners. When diff erent UN agencies uses diff erent modalities of cash transfers which are sometimes complex, they impose a high burden on

those partners. Implementing Partners spend time and money negotiating and responding to the diff erent compliance requirements of agencies. If regulations of diff erent agencies were harmonised then time and money could be focussed on the to more productive end i.e. timely achievement of development objective. In the previous system, most agencies used to rely on a system of rigid controls of managing cash transfers. However, HACT advocates and implements the very concept of risk management. It recognises that the level of risk varies across Implementing Partners. It suggests agencies to adjust their cash transfer method and assurance activities according to the level of risk. Ultimately, it facilitates to concentrate on programmatic part of development assistance by lowering the burden of high transaction cost and complex compliance requirements.

3. Objectives of HACT

Main objectives of the Harmonized approach to cash transfers are as follows:

• Lower complexity of procedures and reduce transaction costs of development cooperation

• Improve capacity of national partners to eff ectively manage aid

• Minimize risks related to the utilization of funds and increase overall eff ectiveness

• Increase overall eff ectiveness of UN operations in the fi eld

4. Brief Study of Main Elements of HACT

4.1 Assessment of fi nancial management systems and capacities

Th e new approach uses macro and micro assessments to determine risks as well as assurance activities such

An overview of Harmonized Approach to Cash Transfers (HACT)

CA Lab Bahadur RawalEmail: lbrawal2011@gmail.com

THE VOICE OF EVEREST • May 201313Identify your problems but give your power and energy to solutions.

-- Tony Robbins --

as audits and spot checks. It also introduces a new harmonised format for implementing partners to request funds and to report on how they have been used. Th e harmonised approach is called Funding Authorization and Certifi cation of Expenditures Form (FACE). Any organization which is implementing programme of UNICEF uses FACE. If it is going to implement another programme funded by the UNDP, then FACE will be used for fi nancial reporting. Hence, entire procedure of fi nancial reporting (to request new funds, to report on expenditure and to inform balance amount or receivable etc.) is harmonised.

A macro assessment is a desk review of existing assessment of national public fi nancial management system that takes place once per programming cycle. However, micro assessment is review of soundness of fi nancial management system of implementing partners which is also carried out once a programming cycle. Th ese assessments help to understand the internal control system on fund management and work together on best ways to deliver desired results. Assessments identify appropriate cash transfer modalities to Implementing Partners.

Th e Macro and Micro Assessments serve two objectives:

• Development objective: Th e assessments help Agencies and the Government to identify strengths and weaknesses in the PFM system and the fi nancial management practices of individual Implementing Partners, and identify areas for capacity development.

• Financial management objective: Th e assessments help Agencies identify the most suitable resource transfer modality and procedures, and scale of assurance activities to be used with each Implementing Partner.

Th e assessments do not establish conditionality for assistance from the Agencies. Each Micro Assessment concludes with a statement of the overall risk related to cash transfers, rated as low, moderate, signifi cant or high. A “low risk” rating indicates a well-developed fi nancial system and functioning control framework. A “signifi cant risk” or “high risk” rating is given if the system is more nascent and the control framework is inadequate to assure that cash transfers are used and reported as agreed with the Agencies. Th e fi ndings of the Micro Assessment primarily guide the frequency and coverage of assurance activities.

4.2 Cash Disbursement MechanismDisbursements are based on activities described on Annual Work Plan. Th ere are four cash transfer modalities are available to agencies, within the framework of programme content and operation agreements described in the Country programme Action Plans (CPAPs):

• Direct cash transfers to Implementing Partners, for obligations and expenditures to be made by them in support of activities agreed in annual work plans (AWPs);

• Direct payments to vendors and other third parties, for obligations incurred by the Implementing Partner in support of activities agreed in AWPs;

• Reimbursement to Implementing Partners for obligations made and expenditure incurred by them in support of activities agreed in AWPs;

• Direct agency implementation through which the Agency makes obligations and incurs expenditure in support of activities agreed in AWPs.

Th e procedures for transferring cash, including the periodicity of disbursements, reporting on cash utilization, and maintaining assurance over the accuracy of the reports, are essentially the same for the four modalities. Whenever an Implementing Partner receives cash transfers from more than one Agency, the Agencies will use the same procedures. All Implementing Partners will use the same standard format for requesting cash transfers and reporting on their use. Agencies will continue to account for cash transfers in accordance with their establis hed policies and procedures.

4.3 Managing RisksTh ere is a risk that cash transferred to Implementing Partners may not be used or reported in accordance with agreements between the Agencies and the Implementing Partner. Th e level of risk can be diff erent for each Implementing Partner. In following ways risk for each Implementing Partner can be eff ectively and effi ciently managed by the agencies:

• assessing the Implementing Partner's fi nancial management capacity;

• applying appropriate procedures for the provision of cash transfers to the Implementing Partner; and

• maintaining adequate awareness of the Implementing Partner's internal controls for cash transfers through assurance activities.

May 2013 • THE VOICE OF EVEREST 14You live longer once you realize that any time spent being unhappy is wasted.

-- Ruth E. Renkl --

For each Implementing Partner the level of risk may change over time, and this may result in changes in the cash transfer procedures and assurance activities, and possibly in the choice of modality.

4.4 Assurance ActivitiesTh e specifi c combination, frequency and scale of assurance activities for each Implementing Partner will be determined by the country representatives of the Agencies who provide cash transfers and by any Agency-specifi c requirements. Th e strongest assurance activities will be directed to Implementing Partners with the weakest fi nancial management practices.

Th e assurance activities are:

• Periodic on-site reviews: Th ese are tools where review of the Implementing Partner’s fi nancial records for provided cash transfers is undertaken by the agencies. For example for 1st quarter of Financial year 2013-14, $50,000 has been disbursed to a NGO by UNDP, fi nance staff of UNDP will visit the offi ce of such NGO for onsite verifi cation of all the vouchers and supporting documents of expenditure reported against such request in FACE.

• Programmatic monitoring of activities supported by cash transfers: in this assurance activity, site visits and fi led monitoring activities are undertaken to monitor progress of the project.

• Scheduled audits of Implementing Partners’ fi nancial management systems: For each Implementing Partner, audits should be scheduled at least once during the programme cycle if more than US$500,000 in cash transfers is received/disbursed (or is expected to be received/disbursed) collectively from the Agencies during the period covered by the CPAPs, or for Implementing Partners who receive less than US$ 500,000 if considered necessary by one or more Agency.

5. Conclusion and Recommendation

After the introduction of HACT by UNDG, four UN agencies i.e. UNCEIF, UNDP, UNFPA and WFP are using same procedures to work with the Implementing Partners. Th is helps to manage the funds given by donors in eff ective and eff ective way because the ultimate goal of development assistance is to work for the benefi t of poor in the world. By applying the same procedures and sharing knowledge across the UN agencies will

ensure there will be less amount of involvement of cost of fund management. HACT is a signifi cant breakthrough to convert commitment of reducing transaction cost and ensuring aid eff ectiveness. HACT is just one step in harmonization; there are several areas like recruitment and procurement where the very concept of harmonization can be introduced across several UN agencies. Further, more agencies of United Nations should use HACT for better fund management and development.

(Author is a member of the Institute of Chartered Accountants of India and works closely with an international fi rm handling audit assignments of United Nations. He can be reached at lbrawal.ca@gmail.com)

References 1. www.un.org 2. www.wikipedia.org 3. Paris Declaration on Aid Eff ectiveness and Rome

Declaration on Harmonization 4. A letter launching the Harmonized Approach to Cash

Transfers www.undg.org

In Moving Train...And I gather

Life is a Journey

From here to there

From this to that

Amongst the colors of Time

Through the ripples of Sound

Between the Silence

Just like the wheels of this Train

Slowly, Vigorously and Untiringly

Just like the running blood

In my arteries and veins

Just like these even wandering

Bewilderingly thoughts

From Infinity to Eternity

– Raj Ballav Koirala(He is an actor of Nepali Movie Industry)

THE VOICE OF EVEREST • May 201315Th e entrepreneur builds an enterprise; the technician builds a job.

-- Michael Gerber --

International Financial Reporting Standards (IFRS) are designed as a common global language for business aff airs so that company accounts are understandable and comparable across international boundaries. Th ey are a consequence of growing international shareholding and trade and are particularly important for companies that have dealings in several countries. Th ey are progressively replacing the many diff erent national accounting standards. Th e rules to be followed by accountants to maintain books of accounts which is comparable, understandable, reliable and relevant as per the users’ internal or external usage.

Advantages & Disadvantages

Greater Comparability

Companies that use the same standards to prepare their fi nancial statements can be compared to each other more accurately. Th is is especially important when comparing companies located in diff erent countries, as they might otherwise be using diff erent rules and methodologies to prepare their statements. Th is increase in comparability has helped investors better determine where their investment dollars should go.

Not Globally Accepted

Th e United States has not yet adopted International Financial Reporting Standards and other countries continue to hold out as well. Th is makes accounting by foreign-based companies that do business in America diffi cult as they often have to prepare fi nancial statements using IFRS and another set using American Generally Accepted Accounting Principles.

More Flexibility

IFRS uses a principles-based, rather than rules-based, philosophy. A principles-based philosophy means that the goal of each standard is to arrive at a reasonable valuation and that there are many ways to get

there. Th is gives companies the freedom to adapt IFRS to their particular situation, which leads to more easily read and useful statements.

Manipulation

Th ere is a downside to the fl exibility that IFRS allows: companies can utilize only the methods they wish to, allowing the fi nancial statements to show only desired results. Th is can lead to revenue or profi t manipulation, can be used to hide fi nancial problems in the company and can even encourage fraud. For example, changing the method of inventory valuation can bring more income into the current year’s profi t and loss statement, making the company appear more profi table than it really is. While IFRS requires that changes to the application of the rules must be justifi able, it is often possible for companies to “invent” reasons for making the changes. Stricter rules would ensure that all companies are valuing their statements the same way.

Cost

A small company would be impacted by a country’s adoption of IFRS in the same way a larger one would. However, small businesses do not have as many resources at their disposal to implement the changes and train staff . Th is results in smaller companies bringing in accountants or other outside consultants to help make the changeover. Th ese smaller companies will bear more of a fi nancial burden than larger ones in this area.

International Financial Reporting Standards (IFRS)

Compiled By: Rabin PokhrelCA Final

Syangja, Nepal

May 2013 • THE VOICE OF EVEREST 16A real entrepreneur is somebody who has no safety net underneath them.

-- Henry Kravis --

Th ere are many advantages and disadvantages of converting from GAAP to IFRS.

Advantages

• Th e use of one common global reporting language (Flynn, 2008).

• It will allow for comparability over all fi nancial markets, regardless of the country of origin (Flynn, 2008).

• Investors will have better information for decision making (SEC, 2008).

• Companies will have more fl exibility for applying accounting principles. IFRS is more principle based, whereas GAAP is more rules based. Transactions will be required to be reported using substance over form criteria. More professional judgment will be exercised which will lead to better disclosure to support those judgments (Flynn, 2008).

• Th ere is the potential for reduced fi nancial reporting complexity, especially for large, multinational companies that currently prepare many diff erent sets of fi nancial statements in many diff erent forms (Flynn, 2008).

• All levels of management, including the audit committee, will have to be more involved in fi nancial reporting and aware of transactions (AICPA online video, 12/09/08).

• In the end, companies should be more effi cient and have the advantage of cost-savings (AICPA online video, 12/09/08).

Disadvantages

• Small companies that have no dealings outside of the United States have no incentive to adopt IFRS unless mandated (Olson, 2008).

• Incompatibility may arise as companies claim to have converted to IFRS but in reality have only selected the portions that best fi t their needs (Olson, 2008).

• Th ere is an extremely high price-tag – “…the SEC estimates the costs for issuers of transitioning to IFRS would be approximately $32 million per company and relate to the fi rst three years of fi lings on Form 10-K under IFRS. Total estimated costs for the approximately

110 issuers estimated to be eligible for early adoption would be approximately $3.5 billion” (SEC, 2008).

• Although it is unlikely, Commissioners have three years to change their minds. A defi nite decision will not be made until 2011. Th ere is no incentive for early adoption due to the fact that it could be a colossal waste of time and resources. Also, companies would be required to have two sets of records, one GAAP, one IFRS, during this time just in case IFRS is not adopted (Johnson & McCann, 2008).

• Many feel that during this fi nancial crisis that the world is currently experiencing, a conversion of this magnitude is too much to ask of executives and management (IFRS, 2008).

• A minimum of two years of fi nancial information prior to conversion would need to be maintained on two sets of books, both GAAP and IFRS, to meet the requirement

IFRS IN NEPAL

In 2003 the Central Bank of Nepal along with two commercial banks were required to use IFRS in preparing their fi nancial statements (Nepal Rastra Bank 2003); World Bank 2005). Unlike the central bank, listed companies were only permitted to use IFRS (World Bank).

According to a review published by Nepal’s Ministry of Finance, Nepal has made a commitment for full compliance with the International Financial Reporting Standards (IFRS) and announced a planned conversion of Nepal Accounting Standards with the IFRS for public companies by 2012  (Government of Nepal, 2011). Furthermore, at a discussion organized by the Nepal Electricity Authority and Nepal Chartered Accountants Organization in Kathmandu in October 2012, it was announced that IFRS will be brought in eff ect for public and private organizations in the fi scal year 2012-2013.

Also, according to a report by Deloitte, “the Institute of Chartered Accountants of Nepal has proposed to adopt the IFRS for SMEs eff ective 1 July 2011”

THE VOICE OF EVEREST • May 201317Opportunity is missed by most people because it is dressed in overalls and looks like work.

-- Th omas Edison --

g]kfnLx? cfkm\gf] b]z 5f8L ljb]z hfg] k|rng cfh eGbf b'O{ ztfAbL klxn] b]lvg} rlncfPsf] xf] . xfn ;Dd !!@ d'n's j}b]lzs /f]huf/Lsf lglDt v'nf ul/P klg dn]l;of, stf/, ;fpbL c/a, s'j]t, cf]dg ;+o'Qm c/a Old/]6\;, ax/fOg, blIf0f sf]l/of / Oh/fOn d'Vo uGtJo ag]sf 5g\ . k|ltjif{ cfGtl/s >d ahf/df k|j]z ug]{ sl/a ;f9] rf/ nfv o'jf dWo] ;f9] tLg nfv eGbf a9L g]kfnLx? ljb]zdf hfg] u/]sf 5g\ . clxn] g]kfnaf6 j}b]lzs /f]huf/df hfg] o'jf hdftsf] ;+Vof a9\b} uPsf] 5 . b}lgs !$)) eGbf a9L g]kfnLx? cGt/f{li6«o ljdfg:ynaf6 ljb]lzg] u/]sf 5g\ . >lds ju{x? dlxgfsf] !) b]lv !% xhf/ ;Ddsf] cfDbfgLsf nflu cfkm\gf] 3/, kl/jf/ hUuf, hdLg ;a}nfO{ lal;{P/ $%–%% l8u|L ;]lN;o;sf] tfkqmddf d/L–d/L sfd ug]{ ub{5g\ eg] jf}l4s ju{x? plrt lzIff / k9fO{ cg's"n /f]huf/sf] nflu ljb]lzg] u/]sf 5g\ .

j}b]lzs /f]huf/ / jf}l4s hdftsf] knfog -a|]g 8]«g_ n] cNksflng ?kdf b]zsf] cfly{s ljsf;df s]xL ;xfotf k'¥ofP klg bL3{sflng ?kdf /]ld6\ofG;sf] cy{/fhgLltn] b]zsf] ;dli6ut cfly{s cj:yfnfO{ emg\ w/f;fO{ agfpFb} hfg] / b]zsf] cy{ k|0ffnLnfO{ ljb]zLx?sf] xftdf ;'Dkg' kg]{ cj:yf ;[hgf u/fOlbG5 . clxn] cNksflng ?kdf b]vf k/]sf] ;sf/fTds kIfnfO{ s]nfpFbf s] b]lvG5 eg] ut cfly{s jif{df cf}krfl/s / cgf}krfl/s dfWodaf6 g]kfndf #%) ca{ eGbf w]/} /]ld6]G; lelqPsf] 5 . of] /sd g]kfnsf] s'n ah]6sf] ^% k|ltzt eGbf w]/} xf] . o; cy{df /]ld6\ofG; dfqn] g]kfnsf] ah]6 wfg]sf] 5 eGbf Tolt km/s gknf{ . j}b]lzs /f]huf/af6 olt w]/} /sd leqg] ePkl5 /]]ld6\ofG;sf] cfDbfgL s[lif If]q h:t} csf]{ dxTjk"0f{ cfly{s ;|f]t ag]sf] 5 . g]kfnsf] ;lqmo hgzlQmnfO{ /f]huf/L lbg] lx;fan] klg j}b]lzs /f]huf/LnfO{ s[lif If]q h:t} dxTjk"0f{ cfly{s ;|f]t dflgG5 . olt w]/} /]ld6\ofG; lelqg'df g]kfnaf6 ljb]z knfog ePsf o'jfx?sf] k|d'v e"ldsf /xG5 . >dhLlj / bIf hgzlQm u/L ;Dk"0f{ o'jfx?sf] k|d'v ;lqmotf, cfkm\g} lghL nufgL / d]xgtn] cfh{g u/]sf] pQm /sdn] b]zsf] cy{tGqdf /fd|f] cfwf/ ;[hgf u/]sf] 5 . o;/L lelqPsf] /sdn] ;/sf/ / ;/sf/ ;~rfng ug]{ /fhgLlts kf6L{x?nfO{ s'g} si6 gu/L h; kfpg] cfwf/ ag]sf] 5 . o;/L k|fKt cfDbfgLn] jt{dfg cj:yfdf 7"nf hnljB't\ kl/of]hgf / ax'/fli6«o sDkgLsf] :yfkgf ug{ g;s] klg ;fgf / demf}nf pBf]uwGbfsf] :yfkgfdf 7"n} d2t ldn]sf] 5 . To;}u/L Jofkf/, oftfoft, lzIff, :jf:Yo, ;~rf/, xf]6n, /]i6'/]G6, a}ª\s, kmfO{gfG;, l;g]df, l/on :6]6 / ;/sf/n] vr{ ug{ g;s]sf cGo 7fpFdf ;d]t j}b]lzs /f]huf/af6 k|fKt cfDbfgLn] w]/} ;xfotf u/]sf] 5 . u|fdL0f e]usf] u/LaL Go"lgs/0fdf klg /]ld6\ofG;sf]] cxd\ e"ldsf 5 . log} ;sf/fTds sf/0fn] ubf{ /fhgLltnfO{ /fd|/L ga'em]sf ckl/kSj k|wfgdGqLx?, cy{zf:qsf] cWoog gePsf cy{dGqLx?, :ki6 gLlt / of]hgfnfO{ sfof{Gjog ug{ g;Sg] /fli6«o of]hgf cfof]usf kbflwsf/Lx? / gftfjfb, lqmkfjfbsf] hudf pleP/ ;lrj / ;x;lrj

h:tf] ;/sf/sf] lhDd]jf/L kbnfO{ b'?kof]u ug]{ e|i6 clwsf/Lx? ;fy} cGo 8/kf]s, cb"/bzL{ / gfnfos clws[tx? ;a}n] s'g} si6 gu/L b]zdf ;dli6ut cfly{s kl/;"rsx? ;sf/fTds 5g\ egL efif0f ug{ kfPsf 5g\ .

clxn] /]ld6\ofG; / b]zsf lghL If]qsf] k|d'v ;lqmotfsf sf/0fn] lau|bf] cy{tGqnfO{ s]xL ;xfotf u/]sf] 5 . o;/L j}b]lzs /f]huf/af6 k|fKt ePsf] k|z:t cfDbfgLn] b]zsf] cy{tGqnfO{ /fd|f] cf8 lbPsf] 5 . cNksfnLg ?kdf clxn] cf8 ldn] klg kl5 uP/ /]ld6\ofG;sf] cy{tGq 3fts x'G5 eGg] 1fg xfd|f k|wfgdGqL / cy{dGqLnfO{ cem;Dd k/]sf] 5}g . cb"/bzL{ / ;txL 1fg ePsf JolQmx? wdfwd dGqL / k|wfgdGqL x'g yfn]kl5 c?af6 dfu]/ vfg'kg]{ o:tf] w/f;fO{ / cfTd;dk{0fjfbL cy{tGqnfO{ Go"lgs/0f ub}{ :jb]zL pTkfbg / :jb]zdf g} o'jf zlQmsf] pkof]u ug]{ gLlt / sfo{qmddf ;/sf/n] Wofg lbPsf] 5}g . o;sf] d"Vo sf/0f g} ;ª\qmd0fsfnLg /fhgLltnfO{ cem nDAofpg' xf] . lj4fg\, cy{qmflGtsf/L ;fy} hgtfsf] dfem nf]slk|o 8f= afa'/fd e§/fO{sf] ;/sf/n] ;d]t cy{tGqsf] If]qdf s'g} cfd"n kl/jt{g ug{ ;s]g . o;sf] k|d'v bf]ifL afa'/fd g]t[Tjsf] ;/sf/nfO{ eg] klg JolQmut ?kdf afa'/fd e§/fO{nfO{ cf/f]k nufpg] 7fpF s;}nfO{ 5}g . pgL t ;+zf]wgjfbL, ;'wf/jfbL ;fy} k"FhLjfbL gLltsf dxfgfos x'g\ . ljZj sDo'lgi6 cfGbf]ng / dhb'/ju{x?sf] xslxtsf] nflu cfkm"nfO{ ;dlk{t ug{ g;s] klg lgDg k"FhLjfbL / a'h'|jf dfgl;stfsf] nflu lx/f] x'g\ afa'/fd . cGofodf k/]sf ef]sf, gfËf, dhb'/, lkl8t, ls;fg, blnt, 3/af/ ljxLg, 3fOt] / ckfË ju{x?sf] p4f/ ug{ g;s]klg zlQmzfnL / phf{zLn o'jf, ljBfyL{ju{sf] hdftnfO{ ljb]zdf k7fP/ ToxfFaf6 cfPsf] /]ld6\ofG;n] /+lug ah]6 agfpg hfg]sf 5g\ afa'/fdn] . t/ pgsf] ;/sf/nfO{ olt ug{ klg lbOPg .

k|ToIf ?kdf Pdfn], sfFu|];sf ;fyLx?n] / ck|ToIf ?kdf u4f/ k|r08sf] /0fgLltn] afa'/fd ;/sf/nfO{ slxNo} :jtGq ?kdf ;/sf/ rnfpg lbPgg\ . h;sf] kl/0ffd e§/fO{sf] hLjg el/sf] Tofu / tk:ofnfO{ ;d]t xftaf6 u'dfpg k'u] . clxn] g]kfnsf] cj:yf emg} lau|]sf] 5 . Oltxf;df sxLF gePsf] cnf]stflGqs k4ltdf g]kfn u'h|]sf] 5 . k|wfgGofofwLzsf] g]t[Tjdf r'gfj x'G5 of x'Gg eGg] s'/f ;Rrf nf]stGqjfbL / qmflGtsf/L zlQmn] dfq a'em]sf] 5 . o'jf / ljBfyL{ju{x? hfu?s eOGh]n ;Dd g]kfn cfdfn] slxNo} s'k|hftflGqs zlQmsf] bdgdf afFRg' kg]{ 5}g . cfzf u/f}F, g]kfnsf] /fhgLlt ;fy} cy{gLltn] rfF8} lgsfz kfpg]5 .

j}b]lzs /f]huf/af6 hlt cfDbfgL xfl;n u/]klg bL3{sflng ?kdf o;n] g]kfnL cy{tGqdf gsf/fTds c;/ k'¥ofpg] s'/f lglZrt g} 5 . ljk|]if0faf6 rn]sf] cy{tGqn] b]zeQm /fhg]tfx?nfO{ ;d]t ljb]zL bnfnsf ;Nnfx, ;'emfjnfO{ slQ klg sf6\g g;Sg] cj:yf ;[hgf u/fOlbG5 . /fi6«nfO{ ljb]zLx?sf] sAhfdf k'¥ofO{ lbG5 . pbfx/0fsf] nflu ljk|]if0faf6 k|fKt cfDbfgL eg]sf] Pp6f ufpFsf] dhb"/ kl/jf/sf

a9\bf] j}b]lzs /f]huf/sf] cy{/fhgLlt

–– ;Gtf]if vgfn ––

fl, QkbZuy

May 2013 • THE VOICE OF EVEREST 18Th e only place where success comes before work is in the dictionary.

-- Vidal Sassoon --

;b:ox?n] cfkm\gf] cd"No v]taf/Lsf] jf:tf gu/L dL7f] vfgf / @–$ k};fsf] nfnrdf ;fdGtL / bnfn ;fxF'x?sf] d]nf hfg' h:t} xf] . o;/L csf{sf] d]nf hfgfn] s]xL ;do;Dd t 3/kl/jf/sf] cfly{s cj:yf /fd|} xf]nf t/ ha of] qmd a9\b} hfG5 ta Pp6f dhb"/ ;w}+ ;fx'sf] cwLgdf a:g'kg]{ cj:yf ;[hgf x'g;S5 . o:t} xf] j}b]lzs /f]huf/af6 k|fKt cfDbfgL klg . cfkm\g} b]zsf] ;|f]t;fwgnfO{ ;xL pkof]u u/]df, s]xL ;do al9 d]xgt ug'{knf{ t/ bL3{sflng ?kdf o:tf] cfTdlge{/ cy{gLltn] g]kfnLx?nfO{ ;fd|fHojfbLsf] gf]s/ xf]Og pgLx?sf] ;fx' agfOlbG5 .

clxn] u|fdL0f e]udf w]/}h;f] o'jfx?df ljb]z hfg] Psf]xf]/f] e"tn] 5f]Psf] 5 . pgLx? cfkm" hGd]/ x's]{sf] 7fpFdf ;+3if{ u/L hLjg latfpg] sNkgf klg ug{ ;Sb}gg\ . o:tf] ljrlnt o'jf ju{sf] hdftnfO{ ;/sf/n] :jb]zdf /f]huf/ k|bfg ug{ ;Sg] s'g} sfo{gLlt Nofpg ;s]sf] 5}g . pN6} :jb]zdf >dhLjL / bIf hgzlQm ;a}nfO{ ljb]zdf uP/ ;fd|fHojfbLx?sf] rfs/L ug{ pTk]|/0ff hufpF5 . of] ;a} cb"/bzL{ g]t[Tjsf] kl/0ffd xf] . w]/} eGbf w]/} o'jfx? ljb]lzg] u/]sfn] otf ufpF ;'g;fg ePsf] 5 . v]tof]Uo hdLgx? To;} v]/ uPsf 5g\ . kfl/jfl/s tgfa a9\b} uPsf] 5 . ;fy} /fi6«k|ltsf] k|]d / ;b\efjdf klg sdL cfPsf] 5 . a9\bf] j}b]lzs /f]huf/L / o'jf–o'jtLx? zx/ a:g] k|j[lQn] ufpFsf] cy{tGq j[4fx?sf] sfFwdf k/]sf] 5 . ljb]zaf6 cfPsf] k};f ufpFdf eGbf zx/df vr{ x'g] qmd a9\bf] 5 . otf u|fdL0f e]udf ePsf] ;|f]t;fwgnfO{ plrt pkof]u ug]{ k"FhLsf] cefj 5 eg] zx/Lof If]qdf cgfjZos kmh'n vr{ / c:j:y vfg]s'/f vfgfn] hLjg:t/ lbg k|ltlbg lau|b} uPsf] 5 . olt dfq sxfF xf] /, clxn] ljb]z hfg] eGb} w]/} o'jfx? Dofgkfj/af6 7lug yfn]sf 5g\ . aNn tNn ljb]z k'u]sf o'jfx? klg ;dodf tna gkfpg] ;d:of, 3/]n' lx+;f ;fy} ck|dfl0fs nfG5gfn] jiff{}+;Ddsf] h]n ;hfo clg d[To'b08sf] lzsf/ ;d]t ef]Ub} cfPsf 5g\ . oL ;a} ljifoj:t'nfO{ oyfy{ ljZn]if0f ubf{ ljk|]if0f dflysf] lge{/tf / k/fwLg cy{tGqnfO{ g]kfn ;/sf/n] tTsfn /f]Sg'kg]{ b]lvG5 . o;sf] nflu ljz]if lsl;dsf] of]hgf, gLlt / sfo{gLlt agfpg'sf ;fy} o'jf hgzlQmsf] kl/rfng ;DalGw /fli6«o gLlt agfpg' kb{5 .

t;y{ j}b]lzs /f]huf/ / ToxfFaf6 k|fKt cfDbfgLn] /fli6«o cy{tGqnfO{ kmfObf dfq geO{ a]kmfObf klg k'¥ofpg] x'gfn] g]kfn ;/sf/n] j}b]lzs /f]huf/ / jf}l4s hdft knfognfO{ k"0f{ ?kdf alxisf/ gu/L ToxfFaf6 l;s]sf] ;LknfO{ :jb]zL pTkfbgdf pkof]u ug'{ kb{5 . o;sf lgldQ ;/sf/sf] tkm{af6 s[lifdf cfw'lgsLs/0f, /f]huf/ d'n's pBf]uwGbf :yfkgfdf hf]8, lgof{td"ns j:t'sf] pTkfbg / nufgL d}qL jftfj/0fsf] ;[hgf ug{‘ kb{5 . ;fy} :jb]zL k"FhLnfO{ k|f]T;fxg ug{sf] nflu ax'/fli6«o sDkgL :yfkgfdf hf]8, >dsf] plrt d"Nofª\sg, :yfgLo ;|f]t ;fwgaf6 rNg] pBf]uwGbf :yfkgfdf hf]8, s/df ;/nLs/0f, pRr / u'0f:t/Lo lzIff, :yfoL ;/sf/ / o'jfd'vL of]hgf, ah]6, gLlt / sfo{lbzfdf hf]8 lbg' kb{5 . o;f] ug{ ;s]df dfq} ;f/f g]kfnLx?n] sNkgf u/]sf] ;d[4, cfw'lgs, j}1flgs / zflGtk"0f{ g]kfnsf] lgdf{0f x'g;S5 .

-n]vs g]kfn hgk|ultzLn ljBfyL{ d~r, ef/tsf dxf; lrj x'g\_

d]/f] r/L

d]/f] r/L p8\of] x]/;f/f ljZj Ps} wfuf]df afWgnfO{,

hng\ / åGb kl/Tofu u/L;'gf}nf] ;[li§ sf]g{nfO{ .

s7f]/ geO{ b]pm eGb5 j'4Tjn],k/df0f' k|If]k0f x''g yfn]

zlQmsf] k/fqmd b]vfpg vf]Hgfn] .

d]/f] r/L p8\of] x]/zflGtsf] ;Gb]z 5g{nfO{,d]/f] ljs]lGb|t wtL{nfO{k[YjL leq} afWgnfO{ .

gdf/ dnfO{ eGb} 5 of] hLjgn]Ps} 5fssf] nflu cfz ub}{5u/LaLsf] /]vf d'gL /xgfn] .

d]/f] r/L p8\of] x]/wgsf] t/fh' tf]8\gnfO{

wgL – u/Lasf] kvf{n gf3L;'ud cfofd /RgnfO{ ..

— ?k]z v8\sfl;P kmfOgn

uhn

cfpm oxfF df]h u/, s'g} b/sf/ 5}g .b]z klg To:t} kof]{, hxfF ;/sf/ 5}g .

h] rfxG5f} ToxL u/, 5'6\ofpm b]zsf] l;dfgfv'Nn} 5 wtL{ oxfF, sfF8]tf/sf] a]/af/ 5}g .

sf6df/ dfq} u/ clg, /uts} xf]nL v]n .s] ul/;\, lsg ul/;\ < oxfF s]/sf/ 5}g .

r]nLsf] cl:dtf a]r, afFsL h] 5g\ u/ .:jtGq 5f} ltdL oxfF, s'g} 5]saf/ 5}g .

— dL/f kf]Vf/]nl;P kmfOgn

THE VOICE OF EVEREST • May 201319Poor people have big TV. Rich people have big library.

-- Jim Rohn --

x'g t laxfgL k|To]s /ft kl5 cfpF5 t/ sltko laxfgLx? /ftkl5

klg gcfpFbf /x]5g\, w]/} ;do s'/fpFbf /x]5g\ . dfG5]nfO{ o:tf]

laxfgLsf] nfdf] kvf{Odf a:g'kg]{ /x]5 . ;of+} ;d'Gb|x? kf/ ug'{kg]{

/x]5 . o:t} 5 xfd|f] hLjg .

oxfF k|To]s kfOnf–kfOnfdf st} cUnf cUnf kxf8 5g\, st}

8f8fsfF8f 5g\, eg] st} ;dy/ 5 . t/ klg dfG5] Tof] laxfgLsf]

cfzdf el6\s/x]sf] x'G5 . kfgL ljgfsf] df5f h:t} t8\lk/x]sf] x'G5,

/f]O/x]sf] x'G5 . t/ laxfgL eg] emg\emg\ s7f]/ aGb} uO/x]sL l5g\ .

k|To]s knkn t8\kfO/x]sL l5g\, nf]EofO/x]sL l5g\ . t/ klg dfG5]

x?sf] cfz d]l6Psf] 5}g, knkn laxfgLsf] vf]hLdf 8'ln/x]sf 5g\,

;+3if{ ul//x]sf 5g\ . b'Mv, ;'v ef]u]/ kl;gf aufP/ cufl8 a9L

/x]sf 5g\ . k|To]s kmnfd] 9f]sf kf/ ul//x]sf 5g\ eg] s;}n] xf/

dfg]/ kl5 xl6;s]sf 5g\ . laxfgL slxn] cfpFb}g . of] s]jn sNkgf

dfq xf] egL lxDdt xfl/;s]sf 5g\ . sf]xL laxfgL of] lgnf] cfsfz

h:t} xf] h;nfO{ s;}n] 5'g ;Sb}g egL cfkm\gf] cfz d]l6;s]sf

5g\ . sltn] cfkm\gf] cfz e]l6;s]sf 5g\ . of] ;+;f/nfO{ 5f]8]/ xf/

dfg]/ uO;s]sf 5g\ . of] ;+;f/sf] dfof dfl/;s]sf 5g\ . cfkm"nfO{

czQm / sdhf]/ 7fg]/ klG5Psf 5g\ eg] s;}nfO{ laxfgLsf] vf]hdf

cfkm" x/fPsf] yfxf 5}g . cfkm\gf] v';Ldf rGb|dfdf nfu]sf] bfu

em} wAaf yfxf 5}g\ . cf]OnfPsf] af]6 h:t} eO;s]sf 5g\ . sf]xL

;+uLt lagfsf] uLt aGg k'u]sf 5g\ . sf]xL cGg lagfsf] ef]hg

aGg k'u]sf 5g\ eg] sf]xL cfTdf lagfsf] k|f0fL aGg k'u]sf 5g\ .

x] laxfgL Û ltdL kms]{/ cfpm . ltd|f] ofbdf oxfF nfvf}F cfvfF

/f]O/x]sf 5g\ . k|To]s knkn t8\lk/x]sf 5g\, dl//x]sf 5g\ . lk/}

lk/n] lhpFb} nf; aGg k'u]sf 5g\ . ;+;fl/s df]xaf6 cfkm"nfO{

cnu agfO;s]sf 5g\ . 8'Ag nfu]sf] 3fdh:t} eO;s]sf 5g\ t/

klg ltdLnfO{ s]xL jf:tf 5}g . b]Vbfb]Vb} klg cGhfg alg/fv]sL

5\of} . emg\emg\ s7f]/ alg/fv]sL 5\of} .

laxfgL ltdLnfO{ laGtL 5, kms]{/ cfpm . laxfgLsf] ;"o{sf] ls/0f

em} xfd|f] hLjgdf v';L / pdËsf ls/0f 5l/b]pm . of] 8'Ag nfu]sf]

3fdnfO{ ef]ln kms]{/ cfpg]5' egL afrf b]pm . of] cf]OnfO/x]sf]

af]6nfO{ aiff{ b]pm . of] dgleq ;lNsg nfu]sf] l/;sf] cfuf]nfO{

lgefOb]pm . 3fddf kl;gf aufO/x]sfnfO{ 5fof b]pm . la/fdLsf]

nflu cf}ifwL algb]pm . /f]O/x]sf cfvfFdf v';Lsf] cfz' emfl/b]pm .

j[4sf] nflu ;xf/f algb]pm . laxfgLsf] cfzdf lx8]sf ofqLnfO{

af6f] b]vfOb]pm . 3/af/ 5f]8L, ;+;f/ 5f]8L cfPsf dxfg\x?nfO{ tL

s/f]8f}F tf/fx?sf] aLrdf klg lrgfOb]pm . tL d';flkm/x?sf] efUodf

v';Lsf knx? ylkb]pm .

t/ o;/L lgi7'/L ag]/ ghfpm . ;d'Gb|sf 5fnx? em} au]/

cfpm . ltdLnfO{ laGtL 5 . o;/L g;tfpm . ltd|f] afx]s oxfF c?

s;}sf] cfz 5}g . of]] hLjg ltdL lagf cw'/f] 5 . ltdL lagf of]

hLjgsf] sNkgf ug{ ;lsFb}g . o;/L xfd|f] hLjgnfO{ cGwsf/df

gk5fl/b]pm . kms]{/ cfp .

of] ;'s]sf] af]6df xl/ofnL 5l/b]pm . dL7f dL7f kmn kmnfOb]

pm . OGb|]0fL em} d':sfg b]pm . rGb|df em} ;xfotf ug{ l;sfOb]p .

df}/L em} kl/>dL agfOb]pm . sf]OnL em} ;'l/nf] agfOb]pm . t/

o;/L l/;fP/ df]x df/]/ ghfpm ..

ltdL o;/L uP ltdLnfO{ nfvf}Fsf] cfTdfn] lwSsfg]{ 5 . ;+;f/

af6 ljZjf; eGg] cd"No uxgf lanfP/ hfg]5 . hLjgb]lv df]x

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[ky³~xk] usiky

May 2013 • THE VOICE OF EVEREST 20We are what we repeatedly do. Excellence, therefore, is not an act but a habit.

-- Aristotle --

I have newly explored some places in Ujire, Karnataka and saw a very striking red coloured fruit hanging on a tree and felt like to grasp it up. I then got down from my vehicle and seized that fruit and found a cashew shaped white part lower than that red one and asked to a stranger passing through that way.

He explained me that was a cashew and the red part is called cashew apple which is an edible and good fruit. Swiftly something knocked in my mind whether the fruit is currently being produced in my nation or not? I came back to my friend’s room and started searching about the cashew production in Nepal but I found a few productions in a small scale and I started considering that why I couldn’t go for the production of this fruit in my country and trade it within the nation and outside.

I was thinking about to start some business in Nepal which will be fruitful to the society and nation’s economy as well. I learned about the Small and medium enterprises and its importance during my study. Here I want to put some of my views regarding SMEs (Small and Medium Enterprises) and its trend and possibilities in Nepal.

SMEs are a source of employment, competition, economic dynamism and innovation. Th ey stimulate the entrepreneurial spirit and the diff usion of skills because they enjoy a wider geographical presence than big companies. SMEs also contribute to better income distribution.

Th e universal defi nition of SME defi ned by World Bank in G-20 summit in Pittsburgh is “An SME is a formal enterprise with annual turnover, in U.S. dollar terms, of between 10 and 1000 times the mean per capita gross national income, at purchasing power parity, of the country in which it operates.”

SMEs in Nepal account for an overwhelming proportion of economic activities, making a notable

contribution to trade, employment and national income.

Nepal is a country that is interlocked between great powers like India and China and has a diffi cult topography, inferior infrastructure, uncertain political situation, low human capital and a historically weak economic growth. Th e entire ongoing situation which we are observing today is because of all those deeds and activities which we and our predecessors mostly political, executed in the past. Now regardless of the fact there is no point in pointing others and possessing all these negative side of thegorgeous nation we have ample of chances to proceedfurther andestablish ourselves as an unsurpassed Nepalese.

Here I am trying to exaggerate a huge encouragement for the prospective, qualifi ed, and educated people and learners, especially Th e CAs, MBAs and others having wide knowledge from their education background to go for SMEs development and planning in Nepal which in the present scenario, the country mostly needs and also have lot of unfi lled channel which is required to pile up by us. Since this is completely my fi rst appearance in the fi eld of writing, I may be incomplete in the way I anticipated to be.

SMEs IN NEPAL

In Nepal, Small and Medium sized Enterprises (SMEs) has been classifi ed as those enterprises with the investment of fi xed assets up to Rs.100 million, where enterprise with fi xed assets up to 30 million Nepalese rupees are small enterprises and Rs 30 to Rs 100 million Nepalese rupees in fi xed assets are medium enterprises. And the industries in Nepal have been classifi ed into seven diff erent sector mainly based on the nature and product of the industries. Th ese classifi ed industrial sectors are manufacturing, energy, agro and forestry, minerals, tourism, services, and construction.

S MEs and Tendency in Nepal

Manoj SubediNew Delhi

BE(CIVIL), MBAE-mail: manojsubedi94@gmail.com

THE VOICE OF EVEREST • May 201321Th e best way out is always through.

-- Robert Frost --

In Nepal as in any other LDC’s, the SME’s are family-based enterprises with management and ownership to the owners. So lack of credit worthiness causes uncertainty for development, as family savings and equity capital are major sources of equity capital. Technology is locally innovated and managed so there is no effi ciency or innovation. Most of the SME’s develop goods for local markets, far and few for exports as they have inherent constraints

About 111000 small and medium enterprises are currently operating in the country, employing an estimated 1.75 million people and accounting for one fi fth of the GDP. However, 25% of these business do not have formal banking relation with fi nancial institution.

Nepal’s Dependency

Th e modern economy of our nation is largely dependent on remittance i.e. 23%, responsible for reduction of poverty from 42% (1995-96) to 25% (2011) approx. Remittance is also responsible for the rising of living standard.

Hats off to all those Nepalese brother and sisters who are working in abroad despite having intolerable situation, dominance environment, lack of care and adore, unscheduled life rush, yet still contributing to the nation by deducting some of the portion of their income and keeping some for their self sustaining.

Due to the increase in revenue from remittance the currency of the nation becomes stronger compared to that of the other nations which results in export becoming more expensive for other countries to buy. Ultimately the manufacturing sectors will be less competitive. Also the purchasing power of households will be increased which leads to high demand of the consumption and imported goods. And further there has been wearing down of manufacturing sector leads to their reduced competitiveness.

Hence a huge stream of ideas should be brought up to utilize the huge part of remittance into some productive sector for long run. As a huge knowledgeable force, we really need to think of enhancing and expanding SMEs via various means and ideas, which we learned in our study. We learned the thing, we became able to re-think and became technocratic and enthusiastic as well but which fi nally confi ned in the ideas only not

into an exposure. We always tend to look at the dark side which discourages us totally. Actually there is no darkness in reality it is only the absence of light and it’s the time to put up the light to get rid of this.

SMEs are the strong tool for the inclusive growth of nations comprising various aspects of economy. It is certainly the case that large corporations have created a signifi cant portion of the country’s wealth however; it is the smaller and medium enterprise that has been the engine that generated most of the world’s economic growth. Now let us know the age group structure of Nepal.

0-14 yrs- 32.6%

15-24 yrs-22.6%

25-54 yrs-34.9%

55-64 yrs-5.5%

64 and above-4.5%

Hence the potential age group i.e 25-54 yrs responsible for high impact on nation’s economy and development has maximum percentage and the future of the nations is following them. So why not we people direct ourselves towards the nation’s growth. Regarding the issue of fund generation for diving into SMEs despite having tedious procedures and norms of fi nancial institution to provide SME loan, yet they are providing and willing to provide more and if the large fl ow of such ideas could be brought up then the government will also defi nitely take necessary action for this.

Currently fi nancial institutions are providing upto 80% of the project cost for tern loan and working capital fi nancing etc. Mega bank CEO once said that his bank has lots of money but nobody is there right now to give it because of having low business confi dence. Th e fi nancial institution itself is looking for a new market to pour the money they have. If the enthusiastic and purported people having real passion for this are willing to bring up new idea and hopes then fi nancial institution defi nitely will go for scientifi c management and procedures for credit ratings tools to SMEs, which they are willing also.

Training program by industrial enterprise development institute- Various training program to start and improve the business, monitoring of fi eld level

May 2013 • THE VOICE OF EVEREST 22Do not wait to strike till the iron is hot; but make it hot by striking.

-- William B. Sprague --

SIYB (start and improve your business) are provided by this institution which are literally benefi cial.

TRADE FACILITATION

Trade facilitation refers to simplifi cation and harmonization of international trade procedures, including activities, practices and formalities involved in collecting, presenting, communicating and processing data required for the movement of goods in international trade.

Nepal’s situation is a little bit worse because of Trade transaction costs (TTC) remain high despite unilateral, bilateral, regional and multilateral liberalizationregarded as by poor physical infrastructure, high transport and communication costs, ineffi cient customs and administrative delays at borders and ports, and ineffi cient payments system. Poor programme implementation, lack of coordination among and between countries, inadequate skilled manpower and lack of a multi-sectored approach to TF.

Transit facilities disrupted occasionally due to domestic political instability such as bandhs and strikes over the past few years. Also Customs clearance requires fi lling 83 documents with 102 copies and 113 signatures, totalling 22 days.UNCTAD supported ASYCUDA (Automated Systems for Customs Data) and ACIS (Advanced Cargo Information System) for reducing documentation requirements in Bhairawa, Birgunj, Kathmandu and Biratnagar, covering 90% of Nepal’s trade. Single Administrative Document (SAD) introduced under ASYCUDA. Nepal has committed in its Working Party Report to comply with international standards on documentation procedures by 2007.

It faces constraints for trade facilitation yet Nepal government is providing some support for it but still has to do lot of things to ease the trade services in many custom points and its territory. Hence if avalanches of ideas regarding export will be enforced then defi nitely government will take further necessary action to go through the revising of obsolete system and bring a new one. Export oriented business can be done on so many products and enhance the existing ones as well.

As a part of nation’s economic tools we all should suppose the giant soft power of our nation viz: water resources, forest, herbal products etc.Th e god gifted natural topography is our one of the aspect to be proud of being popular in the world. Literally, observing through these things, these are the resources that we’ve and which is enough. Hydropower industry should be

given priority at this stage since we all know about the present problem that we are facing. Th e huge aerated and fertilized land in the Terai and its popular brand as the “Land of food storage” are the acquired souvenir for us. Present ongoing advancement of IT in the world defi nitely will help our nation to expand and grow in IT sectors as well.

As we all arewell-known to the ongoing situation and the jam-

packed turbulence in the nation, we need not to scratch all those wounds and get depressed. Now this is the time to re-think and step-up. Being admired in the world by the Name and Fame of Gorkali, Th e land of Mount Everest, the birth place of lord Gautam Buddha, Th e terra fi rma of Himalayas, the land of braves, now we need to be trendy in other diff erent ways which can be of transformation into and imaginative platform despite having numerous obstacles as a best nation, as a successful and hardworking Nepalese and as a good quality human being.

THE VOICE OF EVEREST • May 201323A goal is a dream with a deadline.

-- Napoleon Hill --

In an excellent poem by Whittier there are the lines: “of all the sad words of tongue or pen,the saddest are these-“it might have been”. Th ese are the same lines which are echoing in my ears since the time I was a secondary level student. Th e principal of my fi rm where I am being morphed into a qualifi ed chartered accountant reminds me time and again that we are running short against time. Really, time is warning all of us. We are on very crucial age of our life where we have to either take action otherwise dig pit to get buried. We will be worthless in this fi ercely competitive world for not taking action on time.

On the occasion of Holi I was on Lalita Park celebrating holi with HNSG members. After noon the number of Nepalese students started to increase. It was around 2 pm I was astonished to see such galaxy of budding CA students who were all from Nepal. I turned around to my friend with a bewildered look on my face and asked him, “Are all they going to be a chartered accountant?”.He got confused and fi nally replied, “ Let’s assume that all of them will become CA, I am bemused whether our country can aff ord so many CA’s or not”. I’m sure all of the students on that park might have felt this sort of doubt on their mind. It is not only a case in Laxminagar. Th is type of question often arises in the mind of every student from every streams.

We all are warriors who have left motherland to make our parents smile. We are here with arrows on the quiver and bow on hand. We have already put an arrow on bow and have stretched arrow on hand. Now we shouldn’t get stuck in thought after aiming the arrow on the stretched bow. It’s not the proper

time for us to think whether the nation can aff ord all or not. It’s the time to do smart work. Serving a nation does not necessarily mean working within the nation. You can do a lot for your country by working anywhere around the globe. I have seen so many herds thinking that CA has become just like BBA. My neighbor brother from my countryside is taking classes for Inter. One day I asked him, “How are your classes going?”. He said, “kati nepali hun dai malai ta shankardev campus ma BBS pade jasto lagchha”with a great sense of humour.We can’t deny the fact that the herd’s size is increasing but it’s the time for us to make ourself unique in the herd.

I have lots of my mates who have wasted much of their time saying, “ I don’t have enough time to prepare properly for exam ,why to give exam just as to pass?,i will drop this attempt and score rank in next attempt as I will digest all topics in six months time”.But if they

had not talked about this paltry time all day,they would really have spared enough time to pass the exam in fi rst attempt. If you want any assignment to be completed on time give to the bussiest person because a busy person only has a time.You have got the same time that were given to the world’s greatest people.In this universe either we can make excuses or make progress but not both at the same time.

Distraction from the main objective is another greatest mistake that we often make. Sometimes we make our mind busy in stupid things thereby forgetting why our parent’s had send us here. Th ough we can’t control what goes on outside but we can always control what goes on inside .Damn beautiful ladies in the streets

Take Action Before It’s Too Late

Prakash ParajuliCA-Final

May 2013 • THE VOICE OF EVEREST 24Every day I get up and look through the Forbes list of the richest people in America. If I’m not there, I go to work.

-- Vinnie Rege --

try to distract me too but I do one thing special that has helped me till today.Just after reaching home from offi ce or class your mind will be houseful of thoughts including bad thoughts.What I always do is,I go infront of mirror,look myself and say these sentences loudly, “Mr. Prakash! don’t forget why your parents have sent you here,don’t ever dare to disrespect their sweat,you have lots of promises to keep and you have miles to go.” till the time I feel myself refreshed.Talk to yourself atleast once in a day otherwise you may miss a meeting with an excellent person in this world.

World’s highly respected leadership expert,Robin Sharma has written these word’s in one of his books.Learn from a good movie. Th ree Idiots is one of such movie which had helped most of us to decide our future.Once we entered into one fi eld we shouldn’t watch this movie again.You will come across stressful times and ask yourself why you had joined that subject. Th e time you take a decision to do any course after watching this movie , your destiny will be shaped.After this you have to love what you do. We often sleep late in night so it becomes very diffi cult for us to wake up in the morning to go to offi ce.My roommate greets me with one prologue, “bihana uthera offi ce jana man lagne din aye kasto huntyo hola,kya kuhera gayo ni jindagi”.I am really surprised to see this attitude of him.If we are taking all obligations by just compulsion,do you think it will help us grow? We can’t fi nd a rainbow by looking down.We should have the fear of being nobody then only we get some energy to jump out of bed in the morning.

Once I was in Select City Walk Mall,saket with my friends We were having Latte on Star Box.Th ere were one recently married like couple sitting next to our table.One of my friend commented jealously, “saala bhagyamani rahechha,chawk budi payechha”.we all burst into laughter by hearing him.After coming to room I instructed him with these lines of Eleanor Roosevelt , “Small people talk other people ,Average people talk about things and great people talk about ideas”.I asked him what type of person his parents want him to see. We are not in our marital age to garner bad feeling in mind about the girls we see.Once you become a Chartered Accountant there will be no any girl to deny your proposal. Why don’t you read Eleven

minutes by Paulo Coelho and learn the fact that this is nothing.You can enjoy so many eleven years with your beloved ones after you qualify CA then why are you entrapping yourself in this Eleven minutes shit.My friend,Th e greatest moment of happiness is to see smile on the face of your parents.Don’t wait to make your parents smile.Now the time has come to bury the hatchet,just forget how many times you f**ked or got f**ked,the Almighty have spared lots of time for all these hungers now it’s merely the time to take righteous action.Don’t you ever feel shame on your face that the nation is caged in political gridlock and you are wasting your time with a girl asking her, “which fl avor do you need?”, “which burger do you want?”and “which Pizza shall I order?”.I have one fear that when you learn to control time for your main aim,you will be too old for everything.You may have opinion that I am reading and maintaining my relation with my girl/boy side by side. But you are day dreaming my friend. Never clumsily assume that the tactic that worked on one person will necessarily work on other .Do notice one thing, A river fi sh may be an expert swimmer but it still can’t cross the sea.

Finally I want to remember my principal. He had once instructed all of us to understand the CA course by heart not by mind. One of our co-article had hastily made mockery of his instruction saying, “Dil se to bahut kuch samaj me ate hain lekin ye CA ki course aaj tak samaj me nahi aya”.Th ough this type of comment seem ridiculous but these are the forces that prevent you from doing something.If you know how to deal with inside roadblocks you will surely be unstoppable.Now onwards start walking on moving escalator and walking inside the moving train towards the door from where the exit gate becomes nearer.Th is is a crucial test for you. Never waste your single second for a girl/boy.A woman/man in this age is just to screw up your happiness. Th ese relationships are such tides which even drown experienced swimmers. It’s the time for us to plant a tree so that our kids will feel the shade of it. A corpse is a corpse but the world is going to respect that corpse of the man who has lost his life for the people. Th ere is no greater religion than patriotism,no greater dream than the nations welfare and no greater benefi t than the nations benefi t.

THE VOICE OF EVEREST • May 201325Poor people have big TV. Rich people have big library.

-- Jim Rohn --

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May 2013 • THE VOICE OF EVEREST 26I’ve been blessed to fi nd people who are smarter than I am, and they help me to execute the vision I have.

-- Russell Simmons --

“All’s fair in love and war”, the famous proverbattributed to English writer and politician John Lilly from his literary work ‘Euphues, Th e Anatomy of Wit’ (1578) has its relevance to every generation. Literally, it means one do not have to obey the usual rules about the reasonable behavior during the love and war. Since then, the proverb became the law and direction for lovers and warriors including emperors throughout the history. It not only motivated lovers and soldiers during trouble, to march ahead despite failure but also provided excuses for all the wrong deeds for wrong causes. It motivated people to deceit, cheat, backstab or whatever comes along the way to attain ones desire because of humans ability and intelligence to interpret anything into his own favor.Perhaps nobody knows logic behind the proverb but all have been using it in some form or the other. Th is proverb has been driving the human psychology of our time directly or indirectly and we are using it knowingly or unknowingly as per the needs. We are in the evolutionary process and ours generation is a sophisticated and complicated Gen-Next. We are in gifted technology driven world where life has been the gift and slave of technology. Our day begins with product of technology, ends with the use of technology and we dream with use of technology. With the advent of technology we are becoming advance, fast, forward, ambitious, competitive, self-centered and we want success and our own identity. Most of the time even we need products of modern sciences for inducing sleep i.e. a natural process. We are used to invirtual life where social networking forms the basis and think we have everything in our control. We can do whatever we want; eat as per our taste, travel where destineand do the things whatever gives satisfaction to us in fast pace. In nutshell we spend our whole life in technological environment. We, being a social animal have society and livein certain normsand are guided by set of values, beliefs and sense of being a human that govern our ideal life. Be it a religion, culture, society, environment, independent values, we are governed by set of these ideologies to remain in society for common reason i.e. live, let live and fl ourish. Together we form a community, nation and a whole world. We have family in home, relatives in society and friends in need wherever we wander. All those so called network in human being are tied together by a natural bond called love, trust and its product helpfulness similar to the gravitational force in the universe. In the

absence of these factors human life will be miserable and one can imagine how the world will exist in the absence of trust, love, respect and sense of belongingness amongst us. On the one hand we, the Gen-Next are super and advanced creatures than the previous generation in terms of educational level, technology, speed, accuracy, knowledge and using our brain for personal and communal benefi t. On the other hand, we are being misguided by self-driven attitude. Moral, ethics, characters, dignity which forms human society’s basic foundation don’t seem so important to us. We are being pioneer in using brain but no one cares about heart.Feeling doesn’t seem valuable as in the past used to be. Friendship, relationship, love, trust all these abstract terms remain abstract andare defi ned in terms of benefi t. Genuine motives are being easily out-casted by selfi shness. We defi ne everything with our own attitude. Nowadays we are too busy being social, spending major part of our day with social networking sites. We enjoy being part of the society by drinking, partying whole night and disturbing others. Who have time to think for the next member of the societies in trouble? After all we have point, we are just busy being social and if it hampers others then that’s their business. We believe in free competition and are competent enough to pull legs of others to move forward.We use our energy in reducing competitor’s value than on increasing our own values. We have easy answer and excuses that it’s fair because time demands and its basis for survival. Whoever don’t follow will perish because we believe in survival of the fi ttest principle and fi ttest means deciding our fate on the weakness of others and not on the strength within us. We are so patriotic that all dreams we have is settling abroad after completing higher education because Nepal can’t provide us opportunities of our competence level. We know everything about politics because we think all the politicians are worthless and they did nothing for the country; after all we don’t have responsibilities towards our country. If country prospers then it’s ours and if not then who cares? All we want is safe future. We believe in love, passion and soul mates that’s why we keep changing girlfriend and boyfriend to fi nd out who the real soul mate is. Love is defi ned in terms of gifts and personal benefi t one is getting from others. We are rich in friendship and proof is friend list in Facebook. Whenever we update status or post pictures,

All’s Fair in ‘Gen- Next Psychology’

Ramji KhadkaCA-Final

THE VOICE OF EVEREST • May 201327I fi nd that when you have a real interest in life and a curious life, that sleep is not the most important thing.

-- Martha Stewart --

we get overwhelmed by the number of likes and comment that pours in because Facebook friendsare very close to our heart that they understand us truly that our status and pictures are meant to be liked and commented. We have so trustworthy friends’ circles that we know secret about one another enough to deceive and cheat other at the time of need. After all,friend in need is friend indeed and we care and respect each other’s feelings. What if anything goes wrong? It’s simple! Be practical, it’s all about the time and not our character and values. We are expert analysts and researchers that we keep analyzing the records and achievement of others and keep commenting because we belong to Facebook generation and who cares about self introspection? We spend time talking about the goals scored by Messi and Ronaldo and not about our own goal still feeling proud in the same because we know the value of time and being upto date.Blaming us for copying western culture? Mind your own business! We have so much love and respect towards our culture that we just want extra pieces to be added to make our culture rich. Even the Englishmen can’t compete with us in English because of our vast vocabulary in English. If you have doubt,thenyou can check with the number of slang and swear words we use in our conversation, the next time.We are so smart and forward that whenever we are objected for anything wrong or it’s against our values and beliefs, it’s not because it is wrong but because our parents’ or seniors’ thinking are outdated. Altitude of attitude forms the inherent capabilities of ours.Each of us thinks ourselves as clever and others as fool because we believe in optimism, self confi dence and being positive. We believe in “Imagination is Powerful than knowledge” so, we don’t bother to take knowledge and simply imagine that we are superior and know everything and others know nothing. We value people’s feelings and emotions that’s why we try to convert it into monetary terms. We know a lot about the world and their culture since we have watched everything in the Hollywood movies and guess what? What has been shown in the movies is all real so we just follow it. We are so modern and civilized than others for we listen to rap, hip hop, rock, pop, eat in KFC, get shopping done in malls, insert beautiful slang words every time we talk with friends. If you don’t believe we are civilized, then you can assume it observing our comfortable and decent dress code, body language and egos. If you still think that we are not so smart, clever, modern, ethical and moral, so what? Common! We are acting according to time. Time has changed and so does thought, behavior and pattern. We are changing according to time and you are status quo. If you see us with cigarettes next time, don’t be confused with smoking because we are just puffi ng. Don’t call us drunkard in case you found us with full of liquor, we are just being social. Don’t call us drug addict; we are just being habituated in that .We

believe in history and mystery so we are just proud to announce that our country, parents and relatives had so much wealth and prosperity and ours is all mystery. Next time if you see us in the park or public places in objectionable(comfortable for us) position, then don’t mistake for public display of aff ection we are just being open minded and practical. We believe in showing the talents or whatever lies within us so we are not exposing just showing what’s with (in) us. In fact you don’t know what we are doing; we are just utilizing democracy and freedom as a means of modernizing society because we know everything. We are always right and if you don’t believe, simply assume it, reconsider it and if you still get confused then accept it, as all is fair in Gen-Next Psychology. Are we really that smart, educated, modern, social and clever as we think or just pretending that we are?Time has changed but what about our thought?Aren’t we communicating cunningness as cleverness and over confi dence as self confi dence? Why do we think only of profi t and not of worthiness? Does enjoying life means only playing in the fortune of parents without taking responsibility? Do we think money is power without recognizing that basic power within us is what makes money and everything in turn?We eat for others, dress for others, act, play, talk, work for others and live life of others and still we say we are unique and proud to be like that. Do we know where we are heading and what is our destiny without direction? Do we want to be a lost generation with copy- cat without our own values and identity? If we defi ne everything in the name of changed time then, is it fair if we are called animal and animal are called human, simply because time has changed?Is this all about Gen-Next? Such questions may raise eyebrows of groups of our Gen-Next but more or less it’s the reality where we are in and we don’t know where we are heading. No doubt, we are blessed with time and have technology, knowledge, ambition, resources, confi dence and are fast in almost everything but it seems that we are focusing in more reverse direction than what is needed. If we try to open our eyes, give a rethink and act in unity, we are so powerful that our blessing and whatever we have can be transformed into strength within us to reach a destiny everyone aspires forand build a society, Nation and World as a whole where everybody wants to live as a proud citizen. It’s the thought that needs to be changed at fi rst place and everything will be in shape. As a food for thought, I want to dedicate my all time favorite quote by Lao Tzu, a Chinese philosopherto all. “Watch your thoughts; they become words. Watch your words; they become actions. Watch your actions; they become habit. Watch your habits; they become character. Watch your character; it becomes your destiny.”

May 2013 • THE VOICE OF EVEREST 28Success is liking yourself, liking what you do, and liking how you do it.

-- Maya Angelou --

Th e fog is receding back toward the ocean. It is Saturday morning. Th e clock struck eight. Th e breakfast was ready for me. I could see bread and eggs. A fresh orange juice surprised me. I love orange juice. Last night I guzzled liquor with my colleagues. Now I am baffl ed and discomfi t with myself. Th e reason for such consumption was known later. I despise alcohol. My colleagues hold great regard for it. Th e reason for such jamboree was because it was one of my colleagues birthday Th e cacophony of my room fi lled with my friends alarmed our neighbors. Th e sense of reasoning of ones pain and gain, stories of love and hatred, achievements and failures knows no bound at this stage. Amidst the racket, I stepped aside and barged into another room of my fl at. I was feeling fuddled and askew. Strange thoughts came pouring in my mind. I hated myself for a moment;” I’m going against my principles”, I said and fell on my bed. My phone ringed, I had tapped the silent key;” keep ringing, I don’t care”, I said. I could still hear the faint noise coming from the other room. I imagined the atmosphere around there. I guessed they were dancing to the sound of music. I took off my spectacles and calmly put it on the study table. I turned my head the other way around. Th ere was an article pasted on the wall captioned “one day more”. It was an article relating to Nepal’s constitutional setting up and tracking the election date. ”Th e country is in mare’s nest”, I said and giggled hilariously. “I have a purpose in life”, I said. My purpose is to make sure that the wrong deeds which I do is not done by others. Once again I giggled, now like an insane person with intense excitement. ”It’s impossible”; I said and wondered, rolled my eyes and shut it. After four hours of sleep, I suddenly woke up and discovered that I was alone in my room. I thought spooks and goblins were next to me. Th ere was utter silence. Th is speechlessness and muteness drove me crazy. Th is mortal instinct of fear caught me. I tried moving my leg. I was shivering and frightened .I threw my blanket, walked and opened the door and barged into the room where my friends were but there was nobody. “I was right”, I said. I turned around and felt glad. ”I ac hieved my purpose in life”, I said. I walked back again towards my room. I switched the light on. I took a sip of water, tightened the noose and placed it fi rmly on the table. I settled my bed, it was dirty. I fell into a deep sleep immediately but the lights were still on.

The Unknown Retribution

Sajjan TamrakarB.COM(H), SRCC, DU

CA Final

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THE VOICE OF EVEREST • May 201329If your ship doesn’t come in, swim out to meet it!

-- Jonathan Winters --

“Male chauvinism” is a buzzword from the 60’s. I have

a doubt whether it’s the best term to use. But I want

to make my readers clear that I am not favoring male

chauvinism by saying by dear sister as brother. I am

going to use the word brother to indicate my lovely

sister till the time this strange world remains where

this Didi and Bhai inhabit. I owe you a great debt of

gratitude, Lord pashupatinath. Its because of you I

met her in an astonishing way alike you meet your

countryside friend surprisingly in Wall street, New York

City.

Getting started with these words of Osho, Remember,

and Love is not something that is done by the mind; it

is the absence of mind. When mind stops love happens.

It is not something out of mind; it is something beyond

the mind. I have read many theories on love. Love is

a basic human emotion, but understanding how and

why it happens is not necessarily easy. In fact, many

psychologists & researchers suggested that love is

something that science couldn’t understand. In love

the paradox occurs that two beings become one and

yet remain two.

Two love birds belonging to the Garden of Eden

had been dating for two years. I don’t know what went

wrong one of my dearest birds felt distressed, anxious

and confused. I got a call from her around the mid of

the night. It was 10th day of May 2012. All the students

were going through tough exam times. I was about to

sleep. I came out of my room as the cooler was creating

noise slightly less than a generator. I picked up the call,

“hey! How was taxation paper?” I heard her crying her

eyes out. I started consoling her, “You need not have

to worry, and you have done your part of job. You have

diligently handed over your assignment to the institute.

Don’t make your heart small. Just wait for the reward

to come.”But to my great surprise the reason for this

woe was her boyfriend. I too was a tyro in such matters.

I could not say anything. If two loving birds are at a

distance, there are more chances of communication

gap which leads to the end of a healthy relation.

Now-a-days making girlfriend/boyfriend has become

ubiquitous. When everyone thinks alike no one thinks

much. People get into a relation carelessly as they have

no fear of the end result. Th e misconception that being

single means lonely has ruled over the mindset of the

youths. For them falling in love is a chance to escape

from themselves and the loneliness within. Th ey think

that life becomes possible and worthy of living only

with a lover, which is the root cause of misery. My

brother too has become victim of this fl u. She used to

say that the boy always followed her and cried for her

on phone. By not seeing any way to get out of it she

had accepted the proposal. As time kept passing she

also started missing lovable moments with him. Th ey

were addicted to talk on phone throughout the night.

After they parted she regretted in front of me for those

priceless times they spent on phone and hang out at the

malls which our youngsters spell dating with million

dollar smile on their face. She felt that talking about all

such routine things retards our imaginative power and

our creativity fades away. Th is is what happens with

the love addicts, they are hardly attracted to someone

who wants them, they often go for the one who rejects

them. Th is way they spent their valuable time with

It’s All About “Mero Bhai”

Prakash Parajuli

CA-Final

May 2013 • THE VOICE OF EVEREST 30People often say that motivation doesn’t last. Well, neither does bathing – that’s why we recommend it daily.

-- ZigZiglar --

books in hand but the dream girl on mind and still if

someone approaches to them, they say that they are

thinking about the problem of the study material and

says, “ I had found the person who had instructed me

to do CA, I would have killed him”.

I had kept this heartbreaking song of Deepak Limbu

’YAHA DESH KO CHHA CHINTA, TIMI MAYA MAYA

BHANCHAU as my phone ringtone. Whenever my

phone rings,she glares at me with her chin up and

looks below shyly. Th is implies that after this historic

turnaround my brother too has become dieheart fan of

Single means not lonely Club. I feel proud that I freed my

brother from the shackles of so called love and taught

her a great love of her own life. Before we say I love

you,we should be able to say I with the understanding

of the self. If the foundations of I are shaky the rest

love you part gets useless. I have another female friend

whom I tease saying runchi. She often says “I can’t

imagine life without him. I will die if he goes away.”I

have nothing to tell her but simply ask, “How did you

live your life before he came into picture?”Just realize

that things only mean what we want them to mean.

We should learn to control our feelings. At this early

age where you don’t have your own future, how can

you promise someone else to be a part of their future.

Th at’s why it’s not the time to fi ght with the one who

have not accepted your proposal and quarreling for

not trusting, not having faith, not believing and all that

shits. Just trust yourself,you know more than you think.

Always be centered, behave like a diamond and make

sure that you will be a Chartered Accountant because

you are going to be only a chartered accountant and

nothing else. You are brave enough to say goodbye to

your boyfriend of once upon a time. When times comes

life will reward you with a new hello. Th is all is what I

had to say so mero bhai be happy because happy girls

are the prettiest.

lxhf] cfh d]/f] b]z

;'b"/ lIflthaf6 pld|/x]sfljsNkx? lgdf]7L

;d:of /f]kL ;d:of g} pdfg]{ slª\s|6} slª\s|6sf]

s[ltd au/ ePsf] 5 d]/f] b]z .

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g'g af]s]/ cfpg] hxfhklv{/x]sL s0ff{nLsL r]nLclg s]Gb|sf ;'ljwf ;DkGg

gl;{Ëxf]d /

h'; lkP/ h';}n] r'l7/x]sf eJodxnx?

Ps;fy ;lDem/x]5 d]/f] b]z .

t/fO{sf] ;Ldf ldlrPsf] df6f]df cnkq 5 b]z

juL{o ;+/rgfsf] lje]bdf c;/Nn 5 b]z

t/ klg pmr'krfk 5 .

v's'/Ldf 6]sL af?b rkfP/ uf]nLlgn]sf

of]4fx? /]l6Psf] gfnfkfgL / sfnfkfgLdf s6\sl§Psf] /utsf] 6f6f] Oltxf;sf] cfFvLem\ofnaf6

lgofNb} ubf{ ;f]lr/x]5 d]/f] b]z

kSs} Uff]? geP/ bfFO{ /f]lsPsf] xf]Og,

ldof] geP/ /f]lsPsf] xf] . ;fRr} s}n] b]lvPnf of] t/n ;Eotf

cfkm} bfO{sf] ldof] h:t}=====<<<

–;'lbk b]jsf]6f kfn'Ë6f/–^ uf]/vf .

THE VOICE OF EVEREST • May 201331Expect the best. Prepare for the worst. Capitalize on what comes.

-- ZigZiglar --

Life is hard!!!!!!!

And it is so most of the times. It feels like we are constantly being tried and tested for how far we can go, how much we can resist, how much we can endure. It is almost like an unknown force that tries to drag us through the mellows of hard times to see if we really can take it all and come out as victorious.

And just when we are through a hard phase and are blissfully soaking in the warmth of peace and serenity, there’s another blow. And Life’s hard once again. It’s almost like a continuous process-like running around in circles, without an end, without a hope.

We all have dreams-some small, some big and some which seem impossible, but equally dear nonetheless. We dream of greater things, greater goals and greater lives. As kids, we dreamed of growing up and saving the world and as we grew up, we thrived to make a place of our own in the world which we once dreamed of saving. Our dreams change with time but once we are clear of what we really want in life, we desperately want them to come true-someday.

But then it hits us-not once or twice but repeatedly in so many forms, times and situations-It’s hard to make a dream come true. It’s hard to carry on, it’s hard to live in our own terms and basically-Life is one tough journey.

Sometimes people give up their biggest dreams just when they are about to take the last step towards achieving it just because it seemed unattainable. And then they live the rest of their lives in the sorrow of their unfulfi lled dream that was so close. Why, after coming this far and being so close to what we wanted, we give up? Why, after proving time and again to the world that everything is possible if we are determined and focused, we end up giving away our life-long ambitions?

WHY DO WE MAKE GIVING UP AN OPTION?

Giving up-is not and never will be an option. None of us is as vulnerable or as weak as we make ourselves to be. Th ere are so many people in our lives who constantly support us through our ups and downs, believe in us (sometimes more than we believe in ourselves) and deep in their hearts have hopes from us. And they don’t believe in us just out of the love they have for us or because we are related to them but because they know us as we are -they know how strong we are and they are right there to back us up in case we fall apart. You have the determination, You have the willpower, You have the strength, You have the talent and You have the unfathomable love and belief of people to go get your dreams, So what can possibly stop you from

obtaining what you stand for?

Obstacles are temporary, achievement is permanent. Why give up? I can see a hundred reasons for why I should be chasing my dreams as against one reason for why I should give it up. And I will go for 100 as against 1 and I bet that is the right choice. We shouldn’t let the shadows

of our hard times take over our willpower and strength.

I strongly believe that in life we come through hard times to learn to appreciate the good things in life more and to bask in the glory of victory even better. In a way, barriers are made to see if anyone is strong enough to break through it and move forward. So on your way to success, if you come through barriers-Be the one who breaks them-Your dream is just seconds away.

Never give up, because GIVING UP IS NEVER AN OPTION.

Giving Up Is Never An Option

Kaberi ChandWebsite: www.kaberichand.wordpress.com

Follow me on twitter@caberyChand

May 2013 • THE VOICE OF EVEREST 32 Failure is the condiment that gives success its fl avor.

-- Truman Capote --

j[4fj:yf xfd|f] hLjgsf] Pp6f gdL7f] ;To xf] . grfFxbf grfFxb} klg Pslbg ;a} a"9f] x'g' g} k5{ . pd]/ 5Fbf cyjf egf} t?0f cj:yfdf x'g] hf]z, hfFu/ / OR5fzlQm la:tf/} 36\b} hfG5 a"9f] x'g] qmddf . clg kl5 o:tf] cj:yf cfpF5 h'g a]nf /f]uJofwn] Rofk]/ z/L/ czQm aG5 clg x/]s s'/fsf nflu c?sf] e/ kg'{kg]{ x'G5. 5f]/f5f]/L clg gfltgfltgfn] Tof] …c?Úsf] e"ldsf lgjf{x ug]{ st{Jo x'G5 . t/ eujfg\ sxfF Tolt pbf/ 5g\ /< To;}n] t sf]xL Psbd ;'v;ondf 5f]/fgfltsf] ;fy, ;xof]u / dfof ddtfaLr hLjgsf clGtd jif{x? v';L;fy latfO/x]sf x'G5g\ eg] sf]xL cfkm\gf] dfG5] geP/ xf];\ of eP/ klg a]jf:tf ug]{ sf/0fn] dfofsf] cefj u/LaLn] lyr]sf] hLjg lhpg x/If0f ;+3if{ ul//x]sf x'G5g\ . x/]s lbg Pp6f o'uh:tf] nfdf] nfUg yfN5, sl7g x'G5, b'MvbfoL Tof] hLjgnLnf :jLsfg{ . log} cefj / czQmtfaLr hLjg;Fu nl8/x]sf j[4j[4fsf] ;xf/f / ;+/Ifs ag]sf] 5 kz'klt j[4f>d . hxfF ltg} Ho]i7 gful/sx?sf] ;]jfdf lbg/ft gegL vl6/x]sf 5g\ bh{gf} sd{rf/L h;sf] ;xf/fdf s]xL ;'vL / ;+/lIft hLjg latfO/x]sf 5g\ c9fO{ ;o j[4j[4f .

tLhsf] ;do, j[4j[4fnfO{ b/ v'jfpgsf] nflu tof/L ul/b}sf] b[Zo, ;fy} Pp6f u}=;=;n] cf}ifwL nufotsf ;fdfu|L ljt/0f ub}{ ul//x]sf] dfxf]n , To:t} aLr l5b}{ lyofF} xfdL ;fob klxnf] k6s kz'klt j[4f>ddf . cg'ejsf] 3]/}3]/f ePsf] xFl;nf] cg'xf/ lnP/ gd:t] ub}{ x'g'x'GYof] a'afcfdfx? xd|f] Ps x'n ;d"xnfO{ . # j6f ;]tf cUnf dlGb/ / jl/kl/ km}lnPsf] j[4f>dsf] d"n4f/sf] 5]j}sf] cfF6Ldf ehg ufpFb} O{Zj/:d/0fdf dUg a"9fa"9L x'g\ of l;8L+df a;]/ 3fd tfKb} ul//x]sf a'afcfdf ;a}sf] cg'xf/df Ps k|sf/sf] v'zL 5fO/x]sf] lyof] clg sf]xL eGb} x'g'x'GYof] æcxf] slt w]/} 5f]/Lx? cfPsf /}5g\ xfdnfO{ e]6\g .Æ ToxfF xfd|f] t]x| hgfsf] ;d"x l5/]kl5 ljleGg ;d"xdf afl9of}F clg vf]tNg nfUofF} Tof] v';Lsf] kbf{ k5fl8 n's]sf ;'vb'vsf syf .

Pp6f nfdf] 6x/f]df nx/};Fu /flvPsf vf6x?, vf6 j/k/ y'lk|Psf k'/fgf n'ufx?, j/k/sf] leTtfel/ 6fFl;Psf eujfg\sf kmf]6fx? clg ltg} vf6dfly al;/x]sf j[4f cfdfx? hf] x]bf{v]l/ ;a} *) jif{ kfl/sf b]lvg'x'GYof] . d'08g u/]sf] skfn, rfp/L k/]klg ;'Gb/ d':sfg 5b}{ Pp6L cfdf xfdLnfO{ x]b}{ x'g'x'GYof] . glhs}sf] vf6df Pp6L cfdf, nf6L x'g'x'bf]/x]5, aa{/fpFb} x'g'x'GYof] . s]xL a'l´of],s]xL a'‰g] sf]l;; ub}{ lyofF} . olTts}df ptfaf6 Pp6L uf]/L uf]/L cfdf s/fpg yfNg'eof] ætnfO{ hf];Fu klg k};f dfUg], oL ljBfyL{ x'g\, hf log}sf] 3/ uP/ a;\ .Æ nf6L cfdf ?g yfNg'eof].

stfstf g/fd|f] nfUof] Tof] b[Zo b]v]/ lsgeg] xfdLnfO{ yfxf lyof] pxfF k};f xf]Og xfdL;Fu xfd|f] xftsf] la:s'6 dflu/xg' ePsf] lyof].

cfkm";Fu NofPsf] la:s'6 afF6\b} lyofF} . olTts}df Pp6L ^) jif{h:tL b]lvg] kftnL cfdf cfOk'Ug' eof]. pxfsf] k6'sfleqsf] kf]sf] s] /x]5 5 eg]/ ;f]wL x]bf{ 7]sf, s/fO{ cflb ef8fs'8f /x]5g\, x/fpF5 eg]/ To;/L af]Sg'ePsf] /] Û pxfFnfO{ cfkm\gf] 3/ g} yfxf lyPg, t/ !% jif{ cufl8 ;fgf] ;fx'n] skfn ;dfpb}, l3;fb}{, n8fpb} ToFxf NofP/ 5f]8]sf] eGb} x'g'x'GYof]. ukm ubf{, a]nf a]nfdf pFxf cfkm\g} b'lgofFdf x/fP/ xfdLnfO{ cndNn kfg'{x'GYof]. ækfgLsf] af]tn 5 /<Æ pFxfn] ;f]Wg'eof]. æ5}g, lsg /<Æ d}n] ;f]w]F. æ;fGgfgLn] kfgL vfg} lbGg s]Æ eGb} vfnL du b]vfpg yfNg'eof]. Psl5gsf] ukmufkm kl5 xfdL dflyNnf] tnfdf r9\g yfNof}F.

7f8f] / cWofF/f] eof{Ë, tnk§L x]g{ vf]Hbf 5n{Ë b]lvg], s]xL 8/nfUbf l;F9Lx? lyP . ToxfF r9\g] qmddf xfdLnfO{ dgdf nflu/x]sf] lyof], oL cfFvf /fd|f];Fu gb]Vg], lxF8\bf xftv'§f sdfpg] a"9fa"9Lx?n] /ftsf] ;dodf s;/L cf]xf]/bf]xf]/ u5{g\ xf]nf . olt~h]n xfdL dfly k'lu;s]sf lyofF} . tnsf] h:t} agfj6 t/ s]xL leGg lyof] clg cfkm\gf] sfddf Jo:t j[4fx? zfGt lyP . æ:ofp vfg] gfgL< sxfFaf6 cfPsf xf}<Æ cufl8 al9/x]sf] a]nf crfgs Pp6L a"9L cfdfn] xfd|f] Wofg lvRg'eof] . æx}g cfdf Û xfdLn] tvfP/ cfPsf], xh'/ g} vfg'xf];\ g, xfdL dxf/fhu+haf6 cfPsf xf}F . æP l6lrªaf6 xf]< d la/fdL x'Fbf uO/xG5' ToFxf, d]/f] dfOtL ToxL nflhDkf6df t xf] lg . æx]bf{ Psbd a"9L b]lvPklg pxfF Psbd PlS6e b]lvg'x'GYof]. pxfFn] olt eGb} ubf{ d eg] pFxfsf] vf6dflysf] leQfdf 6fFl;Psf kmf]6f]x? x]b}{ lyPF clg clu|d pFxfsf] wdf{:yfsf] c8\sn nufpFb} lyPF .

l;Gw'kfNrf]s 3/, kltsf] d[To' kZrft\ !) jif{ cufl8 kl/jf/df sf]xL gePsfn] ToxfF cfpg' ePsL OGb|s'df/L cfdfn] glhs} uP/ a:g O;f/f ug'{eof] . æbd 5 gfgL, v'§f s/s/ vfG5, ef]s nfUb}g, hlta]nf klg un]h:tf] nfU5Æ pxfF eGb} x'g'x'GYof] . x]bf{ klg sdhf]/ b]lvg] pxfF &) jif{sL x'g'x'Fbf] /x]5 . æ/fd|} 5, :ju}{ 5 lg, xfdLh:tf a];xf/fnfO{ ;xf/f lbg'ef5 . kz'kltsf] sfvdf labf x'g kfP x'GYof] af ÛÆ pFxfs:tf] 5 t a:gnfO{ eGg] k|Zgsf] pQ/df . pFxf;Fu s]xL l5g ukm u/]kl5 xfdL klg c? ;fyLx?n] 3]/]/ a;]sL Pp6L /fd|L cfdf 5]p k'Uof}F . pxfF t sljtfx? eGb} x'g'x'bf]/x]5 . d 5Ss kl//xF] Tof] k|ltef b]v]/. pxfF t sjloqL x'g'x'bf]/x]5 . æcrfgf] ef] d]/f] 5ftL rf]6x? ;xL ;xLÆ af]nsf] uLt

j[4f>ddf Pslbg

>[hgf k/fh'nL

Kff]v/f, g]kfn

THE VOICE OF EVEREST • May 201333Vision without action is daydream. Action without vision is nightmare.

-- Japanese Proverb --

aHg yfNof] /]l8of]df . h;n] Psl5g xfdL ;anfO{ :tJw x'g ljjz kfof]{, Toxf+sf] cj:yf;Fu d]n vfg] lyof] Tof] uLt. To;kl5 km]l/ xfdL pFxfsf] sxfgL ;'Gg yfNofF} . æsf7df8fF}df () ;fndf hGd] gfgL, @^ ;fndf /Tg ;/sf/n] e}/xjfdf k|f}9 lzIff k9fpg'eYof], To;kl5 aNn cIf/ lrg]sf] .Æ o:t} aLr pFxfn] ´f]nfaf6 Pp6f sljtf ;Ëx / sljt} sljtf n]v]sf] Pp6f yf]qf] sfkL lgsfNg'eof]. @)%* ;fnsf] uf]/vfkq klg lyof] ToxfF hxfF k|yd k6s k|sflzt pxfFsf] sljtf k9\g] df}sf ldNof]. ætkfO{ nf; ePsf] a]nf w]/} lyP dnfdL, d nf; ePsf] a]nf sf]xL x'Fb}g dnfdL=====dnfO{ ´:sfpg gcfp, PsfGtdf a;]sf] a]nf, dnfO{ af]nfpg gcfp d d"bf{ ePsf] a]nf====Æ lgs} g} dfld{s Tof] sljtf k9]kl5 xfd|f] cfF;' yfldg} ;s]g . t/ pxfF t xfF;LxfF;L c? sljtf elg/xg' ePsf] lyof] . æx]/ @)%* ;fndf sflt{s @@ ut] P]Zjof{sf] hGdlbgsf lbg uf]/vfkq dfUg uPsf], Tof] ev{/ cfPsf] xflsd;Fu, p;n] t xkfb}{ sfnf cIf/ e};LF a/fa/ eg]/ lvNnL p8fof] . clg k|Nxfb lu/Ln], x}g lognfO{ k9\g cfpF5 ;/ eg]kl5 dfq lbof] dnfO{ klqsf . d]/f] dgdf rf]6 kof]{ clg sljtf n]v]F. ef]ln laxfg ;a]/} p;sxfF uP/ sljtf b]vfPsL lyPF, pN6} ´kfb}{ c?sf] sljtf ;f/]/ Nofpg] eGof] clg tL ;fGgfgLn] x}g, log}n] n]v]sL x'g\ eg]kl5 t sfnf]lgnf] eP/ aNn ljZjf; uof]{ .Æ Tof] s'/fn] xfdLnfO{ O{v eof] eg] h] klg ug{ ;lsbf] /x]5 eGg] ofb u/fof]. pxfF elg/xg'ePsf] lyof],æx]/ rf]6 k/]kl5 dfq lhGbuLdf s]xL ug]{ cfF6 cfpF5 gq t /fd gfd ;To xf xf xf .Æ pxfFsf] x/]s s'/f ;'Gbf o:tf] nfUYof] ls pxfFsf] hLjgsf 7Ss/ / x08/x?n], klt x/fP klg, 5f]/f] u'dfP klg, Pp6f cfF6 / ;fx;n] vf/]sf /x]5g\\ pxfFnfO{ . ækfl/hftsL alxgL l5g\ lg, xf] pg}n] 5flklbPsL x'g\ of] lstfa. d t lstfasf] kf]sf] lnP/ afUdtLdf aufpg lxF8]sL lyPF, d]/f] k|ltefsf] d"Nofª\sg ePg eGb} t/ pgn] o;sf] sb/ ul/g\ clg ;xof]u ul/g\ . oxfF cfpg]n] kmf]6f]skL u/]/ n}hfG5g\, sltn] sljtf k9]kl5 e]6\g cfPsf klg 5g\ . dnfO{ of] ;a dfofn] k|]/0ff lbG5 clg v';L klg x'G5'.Æ pxfFsf] csf]{ dfld{s sljtf h;nfO{ pxfF clxn] g]kfnsf j[4j[4fsf] l:yltsf] ;+1f lbg'x'G5, cfkm}df ulx/f] lyof] clg xfdLnfO{ ;f]rdUg u/fof] Psl5g.

5f]/fx?nfO{ ef/L eP/

j[4f>ddf 5f]8] NofP/

k/fO{ eOuP ;Gtfg cfkm\g}

k/b]z eOuof] 3/af/ cfkm\g} =====

b'v / ljjztfn] lsr]sf] hLjgaf6 cfTdd"NoÍg ub}{ hLjgnfO{ Pp6f ;xL af6f]df ;'v / zflGt clg cfTd;Gt'li6aLr afFRg rfxg] pxfFsf] ldhfl;nf] Jojxf/ cg'z/0fLo lyof].

d;fg3f6df hln/x]5 hLjg

sf]xL x'Fb}g ;fy

s]xL x'Fb}g ;fy

t]/f] d]/f] eGbf eGb}

v/fgL e} hN5g\

d]/f] d]/f] eGbf eGb} lrtfdfly r9\5g\ ...

Tof] sljtf ;'Gb} ubf{ d eg] cfkm\gf] / of] ;dfhsf] jt{dfg kl/l:yltsf] d'NofÍg ub}{ lyPF. clg of] ;dfhdf gfd, bfd / sfdsf] dfldnfdf r9]sf] xf]8afhL, st{Jo ljd'vtf / e|i6frf/=====JoªUo ul//x]sf] lyof] pxfFsf] k|ltWjlgt cfjfhn], of] cfw'lgs ;dfhnfO{ h;nfO{ pxfFsf] cfkm\gf] vf6dflysf] cfFvL‰ofnaf6 lrofO/xg'ePsf] x'GYof] k|foM h;f].

Pp6f nf]saf6 cs}{ nf]sdf uPh:tf] nflu/x]sf] lyof] ha xfdL a'afx?sf] sIfdf k'Uof}F . hL0f{ z/L/, /f]un] afFw]sf] z/L/, s]xL cfzf / s]xL lg/fzf, czQmtfaLr ;+3if{zLn hLjg hLpg] k|lta4tf lnP/ cfkm\gf clGtd jif{x? latfO/xg'ePsf a'afx?;Fu s'/f ubf{ o:tf] nfUYof] ls dfG5] a"9f] ePklg p;sf] cfTdf a"9f] gx'g]/x]5. Pshgf a'af kIf3ftsf] la/fdL, csf]{ a'jfn] vf6af6 cf]/fn]/ lb;f u/fpg ;xof]u ub}{ x'g'x'GYof] . wGo 5g\ tL hf] cfkm\gf] czQmtfsf] afah'b klg c?nfO{ lg:jfy{ ;xof]u ug{ tTk/ 5g\. zf}rfnosf] ;d:of /x]5 ToxfF, @)) lkm6 6f9f hxfF lbpF;f] k'Ug d'l:sn 5 eg] ´g\ /ftLsf] ;dodf Tof] cK7\of/f] eof{ªaf6 s;/L cfjthfjt unf{g\ tL a'9fa'9Ln] eGg] k|Zg p7L /x]Yof] dgdf . Ps;/f] kmGsf] df/]/ aflx/ lg:sg] qmddf dnfO{ eg] cfkm"t w]/} gafFr]klg x'GYof], $)–%) d} labf x'g kfP x'GYof] h:tf] nflu/x]Yof].

j[4f>dsf] cjnf]sg kl5 ToxfFsf sd{rf/L;Fusf] cGt/lqmofdf To; ;F:yfsf s}of}+ ;d:ofsf] af/]df hfGg kfofF} h;af/] xfdL cglj1 lyofF}. ljZj ;Dkbf ;"rLleq k/]sf] ejg h'g hlt hL0f{ ePklg Pp6f OF6fklg yKg gkfOg] afWotfaLr To;sf] hL0ff]{4f/ ug'{ c;Dej g} /x]5. zf}rfnosf] ;d:of/x]5 . cWof/f sf]7fx? t ;fgf ;d:of /x]5g\, ah]6sf] ;d:ofsf] cufl8 . ;/sf/n] 5'6\ofPsf] ah]6af6 ^ dlxgf vfg klg gk'Ug] /x]5, olb bfg ug]{ JolQmx? gcfpg] eP. %–& nfvsf] ah]6n] @%) hgfsf] :jf:Yo pkrf/ ug'{kg]{ s6' ;To cfFkm}df bogLo lyof]. wGg kfzjt If]qdf /x]sf sf/0f ;of}F v'nf x[bosf bfgjL/x?n] j[4f>d rnfpg k|ToIfck|ToIf ;xof]u k'¥of{O/x]sf /x]5g\. s}of} ;d:ofx?aLr klg bTtlrTt eP/ j[4j[4fsf] ;]jfdf tNnLg ToxfFsf sd{rf/Lsf] sd{zLntf ;fFRr} g} cg'z/0fLo lyof] . pxfFx?n] dfgjLo wd{sf] r/d ?k lgefO/xg' ePsf] lyof]. ca cfpg] lbgx?df ToxfF uP/ ltg} a'jfcfdf;Fu lbg latfpg] OR5f kfNb} / kl5 km]l/ cfpF5' eGb} ljbf eofF} xfdL ToxfFaf6.

ToxfFaf6 lgs} k/ k'lu;Sbf klg eLds'df/L cfdf, nIdL cfdf, sfG5f af nufotsf a'jfcfdfx? xft xNnfpb} x'g'x'GYof], dlng cg'xf/ lnP/. s]xL a]/ dfqsf] e]63f6af6 klg To:tf] efjgfTds ;DaGw ufFl;Psf] b]Vbf / Tolt l5§} kmlsg'{ kg]{ afWotf ;D ]́/ dgsf] Pp6f s'gfdf g/dfOnf] nflu/x]Yof] eg] csf]{ dgdf km]l/km]l/ cfpg kfOg] eof] eg]/ xif{ 5fO/x]sf] lyof].

May 2013 • THE VOICE OF EVEREST 34Th e function of leadership is to produce more leaders, not more followers.

-- Ralph Nader --

Advertisement plays an important role for companies as well as consumers worldwide. It gives a seller an opportunity to showcase his products & the buyer a variety of options. Advertising slogans are of immense importance too. As the slogans are the fi rst step to introduce and educate about the product to the consumer, advertising helps to keep the consumers informed about whatever new products or services are available in the market at their disposal, like an old slogan puts it ‘Advertising, your right to choose’. Here are brief lists of some of the most popular slogans of diff erent companies & banks in India are as under:

A. Companies

S.No. Slogans Company1 His Master’s Voice HMV2 Reach out and touch someone AT&T3 A diamond is forever. DeBeers4 Where do you want to go today? Microsoft5 Life’s Good LG6 Neighbor’s envy, owner’s pride Onida TV in India7 Snap, Crackle, Pop Rice Krispies8 The Real Thing Coca-Cola9 Where’s the beef? Wendy’s

10 Plop, plop; fi zz, fi zz; oh, what a relief it is. Alka Seltzer11 Sharp Minds, Sharp Products Sharp12 Finger lickin’ good. Kentucky Fried Chicken13 Connecting people. Nokia14 He keeps going and going and going. Energizer Batteries15 Do you… Yahoo!? Yahoo!16 Wikipedia, the Free Encyclopedia Wikipedia17 Because you’re worth it. L’Oreal18 Inspired Living Haier19 Let’s Make Things Better Philips20 Hello Moto Motorola21 Nicorette, Nicorette, you can beat the cigarette Nicorette22 It’s everywhere you want to be VISA23 We make money the old-fashioned way….We earn it – Smith Barney24 Everything is easier on a Mac Apple Computer25 Welcome to the World Wide Wow AOL (play on World Wide Web)26 Nothing Runs Like A Deere Deere&Company27 Live unböring Ikea28 The ultimate driving machine. BMW29 Live in your world, play in ours. Sony Playstation and Playstation 2

gaming consoles30 When it absolutely, positively has to be there overnight. Federal Express

Brief List of Popular Ad Slogans

Compiled by Shudarshan KhanalCA Final

Dhapuk-09, syangja, NepalReferences: Rituparnaa; www.Dazeinfo.com

THE VOICE OF EVEREST • May 201335Without continual growth and progress, such words as improvement, achievement, and success have no meaning.

-- Benjamin Franklin --

31 Get N or get out Nintendo 6432 See what the future has in store. Future Shop33 Easy as Dell Dell Computer34 Go further with Shell Shell Oil35 Once you pop, you can’t stop Pringles36 Push Button Publishing Blogger.com37 How do you spell relief? Rolaids38 We’re number two; we try harder. Avis Rental Cars39 Is it live, or is it Memorex? Memorex40 The World’s Online Market Place eBay41 Wherever you go, our network follows Hutch Cellular India42 Consider IT Done Syntel43 Nothin’ says lovin’ like something from the oven. Pillsbury44 No battery is stronger longer. Duracell Batteries45 High Performance, Delivered Accenture46 Intel inside Intel47 Making Tomorrow Better ONGC (Oil & Natural Gas

Commission, India)48 Let your fi ngers do the walking. Yellow Pages49 Khao Gagan, Raho Magan Gagan Vanaspati50 I’m A Complan Boy – I’m A Complan Girl Complan51 Kharram Khurram, Khurram Kharram – Mazedar Lazedar Swaad Swaaad Mein

Lijjat Lijjat PapadLijjat Papad

52 Dho Daala – Surf excel53 Texla TV Jab Se Aaya, Sabke Mann Mein Texla Hi Chaya Texla Tv54 Dimaag Ki Batti Zala De Mentos55 Thanda Matlab Coca-Cola Coke56 Abhi to main jawan hoon Saff ola57 Jo biwi se karey pyar, woh presttige se kaise karey inkaar?? Prestige Pressure Cooker58 I’m loving it McDonalds59 Neighbour’s envy, owner’s pride Onida TV60 Maybe she’s born with it, maybe it’s Maybelline Maybelline

B. Banks

S.No. Banks Slogans1 Allahabad Bank A tradition of Trust2 Andhra Bank For all your Needs3 Bank of Baroda India’s International Bank4 Bank of India Relationship beyond Banking5 Bank of Maharashtra One Family One Bank6 Canara Bank Together we can7 Central Bank of India Central to you since 19118 Corporation Bank Prosperity for all9 Dena Bank Trusted Family Bank

10 IDBI Bank Banking for all11 Indian Bank Your Tech-friendly bank12 Indian Overseas Bank Good people to grow with13 Oriental Bank of Commerce Where every individual is committed14 Punjab National Bank The name you can bank upon

May 2013 • THE VOICE OF EVEREST 36 You must be the change you want to see in the world.

-- Mahatma Gandhi --

s]xL a]/ cl3 dfq la/fdL 5f]/f]nfO{ cf}ifwL v'jfP/ y'Dy'DofO–y'Dy'DofO

;'tfPkl5 ylst ePsL clDjsf ev{/–ev{/ lgbfpg nfu]sL dfq s] lyOg\,

nf]Ug]sf] ss{zk"0f{ 8fFsf]n] Ao'Fl´Og\ . pgL xTtkTt cf]R5\ofgaf6 pl7g\ /

b}nf] vf]lnlbOg\ . ænf]Ug] yfs]/ cfpnf, p;nfO{ vfg lbg'knf{ eg]/ ;f]Rg'

kb}{g, 8+lsgL Û cfkm\gf] e'F8L e/]/ ;'Tg kfP e}uf] . o:t} rfnf b]vfO/lx;\

eg] 7Ls x'g] 5}g, egL lbPsf] 5' . d t db{sf] hft xF", bzj6L Nofpg

;S5' . tF eg]sf] cfOdfO{ xf];\, Ps rf]l6 la6'lnPkl5 leh]sf] sfuh ´}

F sfd} gnfUg]Æ, /S;Ln] dft]/ wª\wlªPsf] z/L/ cl3kl5 xNnfpFb} xl/x/n]

eg] . æeft kl:slbpmF=====<Æ lbglbg} nf]Ug]sf] srsr ;'Gg] afgL kl/;s]

sL clDjsfn] nf]Ug]n] cfkm"nfO{ lagf sf/0f xKsfPsf] s'/f]nfO{ jf:tf gu/]/

;f]lwg\ . ælsg===< ef]s tFnfO{ dfq nfU5< xfdLnfO{ nfUb}g < lbglbg} ;f]W5]

eft kl:spmF ls gkl:spmF eg]/ . a9\tf gaf]n, elg b\of5' . a9\tf af]ln;\

eg] nfTtfn] xfg]/ t]/f] aª\uf/f ;d]t ´fl/lbpFnf . uf]8fdf nfpg] h'Ttf

uf]8fd} ;'xfpF5, 6fpsfdf xf]Og a'l´;\ ÛÆ sf]7fleq k;]kl5 d'9fdf a;]/

h'Ttf vf]n]/ Psflt/ x'of{pFb} eg] xl/x/n] .

æxf]Og, cfh klg pt} vfP/ cfPsf] xf] ls eg]/ ;f]w]sL ===Æ, dw'/f] :j/

df elgg\ clDjsfn] . æP=== t}+n] ;kgfsf] cfl/; u/]/ dnfO{ s'/f ;'gfPsf]

xf]Og < ;kgf;Fu t}+n] cfkm"nfO{ bfFHg} kb}{g . pm eg]sf] clxn]sL km];gbf/

o'jtL xf] . p;sf] njfOv'jfO, p;sf] af]nLrfnL / p;n] dflg;nfO{ l/´fpg]

tl/sf ;a} pDbf5g\ pDbf . pm tF h:tL ;w}+e/L t]n–a];f/ uGxfpg] d]S;L

nfP/ al:bg . t]/f] cg'xf/ x]¥of] eg] ;w}+e/L ´/L afbn nfUof h:tf] b]

lvG5 . cg'xf/ gePsL 8+lsgL ÛÆ nufO/fv]sf] sf]6 km'sfn]/ cf]R5\ofglt/

x'TofpFb} eg] xl/x/n] .

xl/x/n] af6fdf xft w'Fbf;Dd clDjsfn] pgsf] 5]pdf pleP/ kfgL

vGofOlbOg\ . To;kl5 vfgf ttfOj/L kltsf] cl3 ;fgf] 6]a'ndf /flvlbOg\

. æP===cfh klg df;' ksfOg;\ Û tFnfO{ yfxf 5}g, df;' geP t]/f] kf]Osf]

3fF6Laf6 eft l5b}{g eg]/< slt ;D´fpg' xf] tFnfO{ < kfFr jif{ eO;Sof]

lax] ePsf] t/ t]/f] duhdf j'l4 knfPgÆ, eftdf ePe/Lsf] bfn t/sf/L

vGofP/ uhuh d'5]/ vfFb} eg] xl/x/n] . æafa' la/fdL ePsf] lyof], ToxL

eP/ laxfg} 8fS6/ sxfF k'¥ofP/ cfpFbfcfpFb} l9nf] eof] . 3/ cfPkl5 klg

afa'n] Psl5g 5f]8]sf] xf]Og . xKtf lbg eO;Sof], Uf|fxsn] eg]sf] a]nfdf

sk8f l;P/ lbg gkfPsf] . 3/df k};f klg lyPg clg df;' sxfFaf6 Nofpg]<Æ

;xh :j/df af]lng\ clDjsf .

æP=== carflxF t}+n] cfkm\gf] sdfOn] 3/ rnfPsL 5' eg]/ dnfO{ tfgf dfg{

yfln;\ xf]Og < vfGg hf t]/f] eft Û t}+ vf ====ÛÆ clDjsfsf] s'/f] ;xg g;s]/

PsfPs pTt]lht x'Fb} eftsf] yfn xTofOlbP xl/x/n] / To;kl5 lhgltg xft

kvfn]/ ´'Nb} n3'z+sfsf] lglDt 9f]sf vf]n]/ aflx/ uP . clDjsf ;bfsf] ´}F

s]xL gaf]n]/ x[bosf] j]u ;DxfNb} e'FO{ e/L 5l/Psf] vfgf ;f]xg{ nflug\ .

æn, ca Tof] uGxfpg] d]S;L km]/]/ cfOhf cf]R5ofgdf ÛÆ s]xLa]/ kl5

sf]7fdf k;]sf xl/x/n] cfb]z lbPsf lyP kTgLnfO{ . o:t} lyof] clDjsfsf]

hLjg . ;q jif{sf] pd]/df xl/x/;Fu lax] u/]/ cfPkl5 vKg;Dd kL8f vk]

sL lyOg\ pgn] . lax] x'g'eGbf cl3 lax]sf] af/]df h'g k|sf/sf] ;'Gb/ ;kgf

pgn] b]v]sL lyOg\, Tof] ;a pN6f] ePsf] lyof] .

xl/x/sf] lglDt gf/L b]x eg]sf] k'?ifsf] lglDt Pp6f dgf]/~hgsf] ;fwg

dfq lyof] . pm Tof] v]nf}gfnfO{ cfkm\gf] OR5f adf]lhd ;+rfng u/]/ dfq t[lKt

cg'ej ub{Yof] . ;fFRr} eGg] xf] eg] xl/x/;Fusf] clDjsfsf] j}jflxs hLjg

g/s h:tf] ag]sf] lyof] . kTgLnfO{ hLjg ;+lugLsf] bhf{ lbg grfxg] xl/x/n]

s'/} kl5 æ/ft eg]sf] d]/f] xf] . d}n] h;f] ug{ eG5', t}+n] dfGg'k5{Æ eg]/

wDSofpFb} clDjsfsf] b]xnfO{ kz't'No k|of]u u/]/ cfkm" k'?if x'g'sf] cxDt'li6

k|fKt ub{y] . Ps /ftsf] s'/f] xf] . Tof] /ft klg cfwL /ftdf 9'Gd'gfpFbf]

z/L/ lnP/ 3/ cfPsf lyP xl/x/ . Tof] /ft klg pgn] b}nf]df nft ahf/]/

sf]7fleq k;]kl5 lagf l;lTtdf clDjsf;Fu lgx"F vf]Hb} pgnfO{ eP gePsf]

cf/f]k nufP . cfkm"dfly nufPsf] cf/f]ksf] k|ltjfb u/]sL clDjsfsf] sf]dn

z/L/df nfTtL / d'8\sL ahfg{ klg kl5 k/]gg\ xl/x/ .

ækv\, cfh d tFnfO{ s;/L 7Ls kfbf]{ /x]5' x]ln{;\===Æ, kTgLnfO{ lg3f{t

?kdf s'6]kl5 s]xLa]/sf] lglDt aflxl/Psf lyP xl/x/ . ca kltn] cfkm"dfly

s'g k|sf/n] s'6lk6 ug]{ x'g\ eGg] eon] leqleq} ql;t ePsL clDjsf

cfFvfaf6 clj/n cfFz'sf wf/f aufpFb} leq ;fgf] sf]7fdf uP/ 5f]/f]sf]

cfª}df kN6]sL lyOg\ .

æP, tF oxfF cfP/ cf/fd ul//x]sL 5;\ Û p7\, v'?Ss lx8\ cf]R5\ofgdf

. r'k nfu]/ lx8\5];\ ls lbpmF km]l/ nft====ÛÆ s]xL a]/kl5 sf]7fleq k;]sf

xl/x/n] kTgLsf] glhsdf uP/ ss{z :j/df eg] . æd cfh oxL+ ;'T5'Æ

s?0f :j/df elgg\ clDjsfn] .

æs] c/] < s] elg;\ < nf]Ug]n] eg]sf] s'/f] gdfGg] t]/f] sqf] lxDdt < tFnfO{

t s'6fO{ k'u]sf] 5}g h:tf] 5Æ,xl/x/n] PsfPs clDjsfsf] r'N7f]df ;dft]/

pgnfO{ l3;fb}{ eg] . sf]7fdf ePsf] xNnfn] afns Ao'Fl´of] / lrRofP/ ?g

yfNof] . clDjsfn] kltsf] xftaf6 cfkm\gf] s]z 5'6fpg] k|oTg ug{ nflug\

. xl/x/n] c´ hf]8;Fu lgb{otf k"j{s clDjsfnfO{ l3;fg{ yfn] . crfgs

clDjsfn] kltsf] lt3|fdf hf]8;Fu 6f]lslbOg\ .

æP]===of===ÛÆ eGb} xl/x/n] clDjsfsf] r'N7f] 5f]l8lbP . clDjsfn] xTtkTt

?Fbf?Fb} lg:;fl;Psf] 5f]/f]nfO{ p7fP/ sfvdf /flvg\ / km'Nofpgsf] lglDt

p;sf] lk7\o"F yKykfpg yflng\ .

:jf:gLsf] cl3 cfkm" k/flht ePsf] h:tf] 7fg]/ xf]nf xl/x/n] bflxg]

xftsf] d'8\sL phfpFb} kTgLnfO{ cfqmd0f ug{ tTk/ eP t/ Tolt g} v]/

xl/x/nfO{ s] eof] s'lGg pgL wd{/fpb} e'OFdf 9n] . xl/x/ e'OFdf 9n]kl5

clDjsfn] pgnfO{ p7fpgsf] lglDt lgs} k|oTg ul/g\ t/ ;lsgg\ . To;kl5

l5d]sL;Fu u'xf/u'xf/ u/]/ pgn] xl/x/nfO{ c:ktfn k'¥ofOg\ . c:ktfndf

8fS6/x?n] hfFr]kl5 yfxf eof] xl/x/nfO{ kIf3ft ePsf] /x]5 . pgL b]Vg

;Sy], ;'Gg ;Sy] t/ z/L/ rnfpg ;Sb}gy] .

k|foM b'O{ dlxgf;Dd xl/x/nfO{ c:ktfnd} /flvof] / pkrf/ ul/of] . t/

pgdf s'g} k|sf/sf] ;'wf/ cfPg . xl/x/ c:ktfndf /xFbf;Dd clDjsfn]

kltsf] ;]jfdf s'g} k|sf/sf] sdL x'g lbOgg\ . pgL To;/L lbg/ft v6]/

kltsf] ;]jfdf nfu]sf] b]v]/ pgdf cfkmGtx?n] pgnfO{ kltsf] k|f0f kmsf{pgsf]

lglDt od/fh;Fu klg h'Wg ;Sg] ;fljqLsf] ;+1f lb+b} pgsf] k|z+;f ub{y] .

k'/fk'/ b'O{ dlxgf c:ktfndf /fv]kl5 xl/x/nfO{ h'g lbg 3/df NofOof], Tof]

/ft t d]/f] klg xf]

;'dg cfq]o

THE VOICE OF EVEREST • May 201337

k|ToflUg

bLk]Gb| pkfWofo

lahf}/L–%, bfË

What you get by achieving your goals is not as important as what you become by achieving your goals.

-- Goethe --

/ftsf] 36gf xf] . Tof] /ft clDjsfn] rfdn, bfn, t/sf/L ;a} Ps} 7fpFdf

ld;fP/ hfpnf] ksfOGf\ cfkm"n] vfOg\ / 5f]/f] / xl/x/nfO{ klg v'jfOg\ .

To;kl5 tf]/Lsf] t]ndf d]yL / n;'g km'/fP/ Tof] t]n cfkm\gf] xftuf]8fdf

3l;g\, clg t]n /fv]sf] lbp/L lnP/ kltsf] cf]R5\ofgg]/ uOg\ . pgn] lbp/

Laf6 cfkm\gf] xTs]nfdf t]n vGofOg\ / xl/x/sf] cg'xf/e/L 3l;lbOg\ . clg

lbp/Ldf /x]sf] afFsL t]n pgsf] skfndf vGofP/ skfn lrklrk kfl/lbOg\

.

ætkfO{+nfO{ d]yL / n;'gsf] uGw dg kb}{g xf]Og <Æ cfkm"nfO{ x]l//x]sf

kltsf] cg'xf/df x]/]/ Jo+Uok"j{s d':s'/fpFb} elgg\ clDjsfn] . æP ;fFRr},

d}n] t d]S;L km]g}{ lal;{P5'==== vf]O Û of] d]S;Ldf t a];f/sf] bfu klg 5}g,

t]nsf] 6f6f] klg 5}g=== clnslt a];f/ / t]nsf] bfu /fv]/ cfpF5' x}===ÛÆ

clDjsf tTsfn} ToxfFaf6 pl7g\ / cfkm"n] nufPsf] d]S;Ldf htftt} t]n

/ a];f/sf] bfu nufP/ cfOg\ .

ætkfO{+nfO{ d]/f] d'vaf6 cfpg] n;'gsf] uGw Psbd} dg kb}{g eg]sf] xf]Og

< t/ s] ug'{ dnfO{ eg] n;'g c;fWo} dg k5{ . vfpF x} <Æ eGb} clDjsfn]

Pp6f kf]6L n;'g d'vdf /flvg\ . n;'g s/d\s/d\ rkfPkl5 xl/x/sf] gfs}

g]/ cfkm\gf] d'v nuL …xf====ÛÚ ub}{ ;f; 5f8]/ pgn] elgg\, æ;'F3\g'xf];\ t,

s:tf] /fd|f] jf;gf cfPsf] 5====ÛÆ clDjsfn] ul//x]sf] c;fdfGo s[ofsnfkn]

ubf{ xl/x/sf] b[li6df la:tf/} ljidosf] efj k|s6 x'g yfNof] .

ælax]kl5 cfh klxnf] k6s d cfkm\g} :j]R5fn] tkfO{+;Fu ufnf hf]8]/ ;'Tg

rfxG5' . ;'t"F x}===ÛÆ

kltsf] c>'k"0f{ cfFvflt/ b[li6 k'¥ofpFb} clDjsfn] t6:y :j/df elgg\ /

geGb} ;fFRr} g} xl/x/sf] cg'xf/df ;':t;':t cfkm\gf] cg'xf/n] :kz{ ub}{ pgn]

b[9 :j/df elgg\, æ/ft t d]/f] klg xf] .Æ

Pp6f o:tf] /x/

8]lj8 zdf{

l;P kmfOgn

/x/ 5 cem} klg ltd|f] l;pFbf] e? eGg]

lax] u/L, a'9];sfndf ltd|} sfvdf d? eGg]

;/n, ;'zLn clt ;'Gb/ vf]h] h:t} e]6\bf ltdL

ljrf/ ef] ltdL;+u rf8} lax] u?F eGg]

a'jfcfdfsf] :jLs[ltdf ltdL x'G5 eG5\of} eg]

s;d vfO{ ;a}nfO{ 5f8L ltd|} e/ k?F eGg] .

ljrf/ ef] ltdL;Fu rfF8} lax] u?F eGg]

lhGbuLsf] of] bf}8df PSnfPSn} s'lb/xbf

ca OR5f, xft ;dfO{ ;+u} kfOnf ;f?F eGg] .

/x/ 5 cem} klg, ltd|f] l;pFbf] e? eGg]

lax] u/L a'9];sfndf ltd|} sfvdf d?F eGg]

ljrf/ ef] ltdL;+u rf8} lax] u?F eGg] ÛÛ

;f7L ;fnsf] nf7L Û

h]nsf] kl/;/leq b'O{hgf s}bLx? s'/fsfgL ul//x]sf x'G5g\ .

æa"9L cfh rf/ lbgsL ef]sL 5 . s]xL lbg cufl8 ef/tn] /fKtL gbLsf]

afFw aGb ul/lbof] . To;kl5, Ps t of] u/Lasf] lhGbuL,To;df klg h] lyof]

8'afgdf k/]/ ;j{:j gfl;of] . clg s'gf k/]sL a"9LnfO{ 3/d} 5f8]/ sfd vf]

Hg lx8]F . d t kfgL grNg] hft c/], s;}n] sfd lbg} dfg]gg\ . To; 3/

df klg d lbp;f] sfd vf]Hg uPsf] lyPF .ToxfF af]/fsf af]/f rfdn s]nfpb}

lyP .sfd gkfPkl5=====ef]s nfUof], dg{ nfu+], yf]/} rfdn k}rf] dfuF], Tof] klg

ldn]g . clg cfˆg} ´'k8Ldf kms]F{ hxfF s'gf k/]sL a"9L ef]sn] 56\k6fO{ /x]

sL lyO{ . p:sf] Tof] xfnt b]Vg ;s]g clg ;"o{ c:tfPkl5 ========.Æ

-unf 3R3rfp5 clg km]l/ eG5 _

æef]lnkN6 dnfO{ lu/ˆtf/ ul/of] / ;f]lwof] .d}n] klg ;a} elglbP, …xf],

d}n] rf]/L u/]s} xf] .Ú ToxfF ax'd'No ;'grfFbL klg b]v]sf] lyPF .t/ d}n] l;km{

b'O{ dfgf hltdfq rfdn rf]/]/ efUb} lyPF, ufpn]x?n] ks8] .Æ

-nfdf] ;f; tfG5 clg ;f]W5_

ætkfO{ rfFlx oxfF s;/L lg<Æ

æ/flt dfcf]jfbLx? cfP, vfgf v'jfpg' kg]{ eof], v'jfP . To;}n] cfh

dnfO{ dfcf]jfbLx?nfO{ cf>o lbPsf] cleof]udf lu/ˆtf/ uof]{ .Æ

æclg tkfO{n] s]xL eGg' ePg <Æ æeg] lg eGg t . olb d}n] lxhf]

pgLx?nfO{ vfg glbPsf] eP d lxh} dfl/g] lyPF t/ vfgf v'jfPsf] sf/0fn]

sd;]sd cfh;Dd t afFr] . h] h:tf] ePklg x]g'{;\, xfd|f] af]nL ;'lglbg] sf]

xL 5}g, O{Zj/ klg .Æ

p;n] dgdg} ;lD´G5, Tof] sxfgL hxfF eujfg\ >Ls[i0f ch'{gsf] ;f/yL

x'g'x'G5 / eGg'x'G5–

æxtf] jf k|fK:ol; :ju{+ lhTjf jf ef]Io;] dxLd\.

t:dfb'lQi7 sf}Gt]o o'¢fo s[tlgZro M ..Æ -@–#& uLtf_

-cyf{t\ xfof}{ / dfl/of} eg] :ju{ kfpg]5f} clg lhTof} eg] k[YjLdf ef]u

ug{ kfpg]5f} . To;sf/0f, pm7 ch'{g Û o'¢ ug]{ lgZro u/ . _

æ s] ;f]r]sf] <Æ

pm ´;Ë x'G5 / hjfkm lbG5–

æ olb xfdLx? ;dfwfgsf c+z xf]Ogf}F eg] xfdLx? g} of] b]zsf 7"nf

;d:of xfF} .Æ

- k|:t't n3'syf lq=lj åf/f cfof]lht pkTosfJofkL v'Nnf n3'syf k|ltof]

lutf @)^^ df k'/:s[t ePsf] lyof] . _

May 2013 • THE VOICE OF EVEREST 38 Capital isn’t scarce; vision is.

-- Sam Walton --

Financial Sector at a Glance1. Th e history of fi nancial system of Nepal was begun

in 1937 with the establishment of the Nepal Bank Ltd. as the fi rst commercial bank of Nepal with the joint ownership of government and general public. Nepal Rastra Bank was established after 19 years since the establishment of the fi rst commercial bank. A decade after the establishment of NRB, Rastriya Banijya Bank, a commercial bank under the ownership of Government Nepal was established.

2. In the context of banking development, the 1980s saw a major structural change in fi nancial sector policies, regulations and institutional developments. Government emphasized the role of the private sector for the investment in the fi nancial sector. With the adoption of the fi nancial sector liberalization by the government in 80’s opened the door for foreign Banks to open Joint venture Banks in Nepal. As a result, various banking and non-banking fi nancial institutions have come into existence. Nabil Bank Limited, the fi rst foreign joint venture bank of Nepal, started operations in July 1984. During two decades, Nepal witnessed tremendous increment in number of fi nancial institutions. Nepalese banking system has now a wide geographic reach and institutional diversifi cation.

3. Consequently, by the end of mid – July 2012, altogether 265 banks and non- bank fi nancial institutions licensed by NRB are in operation. Out of them, 32 are “A” class commercial banks, 88 “B” class development banks, 69 “C” class fi nance companies, 24 “D” class micro-credit development banks, 16 saving and credit co-operatives and 36 NGOs. In mid- July 2011, the commercial banks

branches reached to 1425 with the population of nineteen thousand per branch. Present development of fi nancial institutions in Nepal is refl ected in table below.

Growth of Financial Institutions

Types of Financial

Institutions

Mid - July

1985

1990

1995

2000

2005

2006

2007

2008

2009

2010

2011

2012

Commercial Banks

3 5 10 13 17 18 20 25 26 27 31 32

Development Banks

2 2 3 7 26 28 38 58 63 79 87 88

Finance Companies

21 45 60 70 74 78 77 79 79 69

Micro-fi nance 4 7 11 11 12 12 15 18

Development Banks

21 24

Saving & Credit Co-operatives Limited Banking Activities)

6 19 20 19 17 16 16 15 16 16

NGOs (Financial Intermediaries)

7 47 47 47 46 45 45 38 36

Total 5 7 44 98 181 193 208 235 242 263 272 265

4. As of Mid – July 2012, Commercial Bank group occupied 77.3 percent of total assets/liabilities followed by Development Banks 12.4 percent, Finance Companies 8.2 percent and Micro-fi nance Development Bank 2.2 percent. In Mid – July 2011, the respective shares were 75.3, 12.0, 10.9 and 1.8 percent respectively

5. Th e composition of the total liabilities shows as usual, deposit held dominant share of 78.0 percent followed by other Liabilities 11.0 percent Capital fund by 8.5 percent and borrowings by 2.5 percent respectively in Mid – July 2012. Likewise in the assets side, loan and advances accounted the largest share of 58.5 percent followed by investments 15.2 percent, liquid fund 17.5 percent and others 8.8 percent in the same period.

Source: Economic Report of Nepal Rastra Bank/WWW.NRB.ORG.NP

H ighlights on Performance of Banks and Non-Bank Financial InstitutionsSujan Tiwari

CA FinalLamjung, Nepal

THE VOICE OF EVEREST • May 201339You can get everything in life you want if you will just help enough other people get what they want.

-- Zig Ziglar --

o:tf] klxnf slxNo} ePsf] lyPg cyjf d olt w]/} ltdLdf clk{t 5' eg]/ d}n] ;f]r]s} lyPg . ltdLn] lbPsf] k|]dnfO{ d}n] ;w} unt 9Ën] ljZn]if0f u/]5' ls Sof xf] Û cf}wL g} ufx|f] kf] eof] ltd|f] ljof]udf . d}n] ltdLnfO{ ;w} gfafns 7fGy]F . d}n] ltdLnfO{ slxNo} glhsaf6 lrg]sf] lyPg . ltd|f] a+}; / a'emfOsf] dnfO{ jf:t} lyPg . d}n] ltdLnfO{ 76\6} 7fGy]F, ;w} OGsf/ uy]{+ . ltdLn] dnfO{ v]nfpFYof}, d v]n]h:tf] dfq uy{]+ . ltdLn] luHofpFbf d xfl/lbGy]+ . d k|fo ltd|f] 7§fn] ljv';L x'Gy]+ . ltd|f] gv/f dnfO{ lgsf] nfUb}gYof] . ltd|f] leGg b]lvg] Tof]cfr/0f, ltd|f] ?k / j0f{ dnfO{ dg kb}{gYof] / s'g} lbg uP/ dg k/fpFnf eGg] ;f]r klg cfpFb}gYof] . b]vfj6L dfofdfq ug]{5' 7fg]sf] lyPF . cnlUuPkl5 …ghfg] ufFpÚ x'g] ljZjf; lyof] .

ljr/f eGy]+, glhlsg ?rfFplbgy]F t/ klg ljj; lyPF . c+ufNy]+ t/ ToxfF s'g} t/Ë lyPg . ltd|f] lk6fOn] dnfO{ slxNo} cf/fd lbGgYof] . zAbx?sf] ;Ldf lyof],cf}krfl/stf lyof], n'sfPsf] b]vfpFGgy]F . cfkm"nfO{ pm eGbf s}og tn 7fGy]+ of kl/l:ylt g} To:t} lyof] . dfof nfUb}gYof], l/;fpFbf kmsfpg h?/L 7flGbgy]F, gaf]nL dlxgf} latfOlbGy]F . km]l/ ;fg} kf] xf] ls < nfUYof], To;}n] dg gnfUbf gnfUb} kmsfOlbGy]F, k'gM p;n] c+ufNyL . ;a} s/ h:t} lyof] . nfh g;'xfPsf] b]VyF] . ;Lk b]Vy]F t/ >]o cs}{nfO{ lbGy]F . s]xL o:tf s'/fx? klg lyP h;df cfl/; lyof] . s]xL xTofpg ;kmn x'Gy]F . glhs gkg{ kfP x'GYof] h:tf] uy{]+ . lty{ h:t} lyof] . gf;f] 7fGy]F, csf{s} 7fGy]F . …8\ofªÚ pxL nfUYof], cg'dfg nufFpy]F . p;sf] IfdtfnfO{ gsfg'{df cfkm\gf] hLt b]Vy]F . p;n] eg] dl/xQ] uyL{ t/ ul/lbPsf] xf]nf 7fGy]F .

rfx]dfq k'Ug] 7fGy]F, grfxg]df lj:j:t lyPF . xn'sL ;f]r]sf] lyPF . ;lhnL ;f]r]sf] lyPF . aRrf xf] nfUYof] . cfkm"nfO{ p:sf] cufl8 xf]gxf/ 7fGy]F . cf1fsf/L lyO{ , h] cx|fPklg kfngf xf]nf nfUYof] . ;w} tls{GyF] .p;n] cfkm"nfO{ /f]h] klg cfkm" gem'lG8g] s'/fdf cl8u lyPF . pm h:t} csL{ klg lyO{ . csL{ emg\ cfkm\gL lyO{ . p;n] dnfO{ k'sfyL{, d csL{nfO{ ;dfpFy]+ .

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May 2013 • THE VOICE OF EVEREST 40Whatever you do will be insignifi cant, but it is very important that you do it.

-- Mahatma Gandhi --

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xfn M zs/k'/ gofFlbNnL

THE VOICE OF EVEREST • May 201341As long as you’re going to be thinking anyway, think big.

-- Donald Trump --

Bank Guarantee is a type of “Contract of Guarantee”, which is issued by the bank on behalf of its client, to the third party. Bank guarantee assures Re-payment of advance and payment of compensation to benefi ciary, in case of non-repayment of advance and incomplete/delayed performance of contract respectively by the principle debtor. Bank charges commission from its client to issue BGs on behalf of third party. Bank Guarantee is issued for pre-described period of time, which is known as validity period of Guarantee. Bank bears the liability towards benefi ciary up to the validity period of Guarantee. It can be released before the expiry of validity period by both the bank & principle debtor. Release means the cancellation of Guarantee. After releasing the Guarantee, bank bears no liability towards benefi ciary. Validity period of expired guarantee can be increased after charging further amount of commission. It is contingent liability for bank. It is shown on foot note of Balance sheet. It is a non-fund based liability. Non fund based liability are those liability which does not require immediate out fl ow of cash. It is a signifi cant source of fi nance for principal debtor.

Bank Guarantee consists of three parties as:

• Surety: Th e one which gives the guarantee (Bank).

• Principle debtor: On whose behalf the bank guarantee is given.

• Benefi ciary: On whose favour the bank guarantee is given.

Example,

ICICI Bank Issued EMD Guarantee on behalf of IL&FS Engineering & Construction Company Limited for DLF Limited relating to Rapid Metro Rail Gurgaon (RMRG) project. Here, in this example

• ICICI Bank is Surety.

• IL&FS Engineering & Construction Company Limited is principle debtor.

• DLF Limited is Benefi ciary.

Types of Bank GuaranteesTh ere are Two types of Bank Guarantees as mentioned below:

1. Financial Bank Guarantee: Th is is a broad & general Guarantee, which assures the Re-payment of advance to the Benefi ciary, in case of default in re-payment made by the Principle Debtor. As and when the default in payment is made by Principal Debtor, Benefi ciary asks the Bank (Surety) for payment. After the bank makes payment to the Benefi ciary, Guarantee converts to Current assets which were shown as contingent liability before. Examples, Mobilisation Advance, Material Advance.

(a) Mobilisation Advance Guarantee: Contractee generally gives certain amount of money ( Generally 10 % of contract price) to Contractor as per the terms & conditions of Letter Of Award (LOA) of project, to mobilise the project. Contractee releases the payment after contractor submits the Bank Guarantee of equal amount in favour of contractee which is known as Mobilisation advance Guarantee. Contractee recovers the mobilisation advance given to contractor in installment from each Running Account Bill (RAB) at agreed rate (generally 5%) of work Certifi ed. Contractor can reduce the value of Guarantee as the mobilisation advance gets reduced.

(b) Material advance Guarantee: Guarantee which is issued for realising money from the contractee for purchase of material is known as material advance Guarantee. Contractee generally recovers the material advance outstanding, with contractor from Running Account Bill. Contractor may decrease the Guarantee value, as the out-standing amount of material advance decreases, by the equal amount.

Bank Guarantees

Padam BhattaraiCA Final, New-D elhi.

May 2013 • THE VOICE OF EVEREST 42If you want to achieve excellence, you can get there today. As of this second, quit doing less-than-excellent work.

-- Th omas J Watson --

2. Performance Guarantee: Guarantee which assures the payment of compensation to the Contractee (benefi ciary) in the event of Non-Completion or Delayed Completion of Contract by the Contractor (Principle Debtor) is known as Performance Guarantee. Performance Guarantee does not assures completion of project, it only assures the payment of compensation in the event of Non-Completion or Delayed Completion of project. Bank charges high rate of commission for issuing Performance Guarantee in comparison to Financial Bank Guarantees. Example, EMD Guarantee, Retention Money Guarantee, Security Guarantee.

(a) EMD Guarantee: EMD stands for Earnest Money Deposit. EMD Guarantee is used to replace security deposit for tender purpose. After the expiry of tender process/period it can be released.

(b) Retention Money Guarantee: Contractee retain certain amount of money (Generally 5 % of Work Certifi ed) from each Running Account Bills for the security purpose. Th is retention amount is released by the contractee after the completion of Defects Liability Period. If the Contractor wants to release the retention money before the completion of Defects Liability Period, it should submit the guarantee on behalf of contractee of the equal amount. Th erefore RM Guarantee can be defi ned as the Guarantee which is used to release the retention money.

(c) Security Deposit Guarantee (ISD): Security Deposit is also known as Performance Security. Before commencing the contract, contractee asks contractor to submit guarantee on behalf of its name which is known as Security Deposit Guarantee. Th is Guarantee gives the sense of security to the contractee that the contractor would complete the contract as per the terms & Conditions of Letter Of award (LOA).

Note: Above mentioned fi gures are obtained from practical experience of audit of PCL & IL & FS Engineering & Construction Company Limited. Th e rates may vary as per the terms & conditions of the agreement between contractor & contractee.

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THE VOICE OF EVEREST • May 201343As we look ahead into the next century, leaders will be those who empower others.

-- Bill Gates --

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;+ljwfg;efsf] lgjf{rg ;dodf ePg eg] b]z km]l/ uDeL/ ;+s6df kg{ ;S5 . @)^@÷^# sf] pknlAwnfO{ 3ft ug{ klg k"/f tof/L ;lxt s]xL zlQmx? cem} nflu k/]sf 5g\ . pgLx? hftLotfnfO{ cfwf/ agfP/ ljleGg ;d'bfoaLr n8fO{ u/fpg nfluk/]sf 5g\ . bnx?n] cfkm"leq /x]sf] o:tf unt JolQmx?nfO{ lrGg h?/L 5 . b]znfO{ cv08 /fVgsf] nflu Ps csf{;+u ;xdlt u/]/ ;+ljwfg ;efsf] lgjf{rg ;kmn u/fpg' k5{ . /fhgLlts bnx?n] cfkm\gf] lgjf{rg k|ltsf] k|lta4tf TofUgx'Gg . ;/sf/ / lgjf{rg cfof]usf ;fy} bnx?n] klg gofF ;+ljwfg aGg] ;'lglZrt k"jf{wf/df ;xdlt u/]/ cl3 a9]df lgjf{rg cjZo ;kmn x'g]5 .

;+ljwfg

fCkcsd [kfroMkfl, QkbZuyxksj[kk] usiky

May 2013 • THE VOICE OF EVEREST 44My son is now an ‘entrepreneur’. Th at’s what you’re called when you don’t have a job.

-- Ted Turner --

I’m a little occupied, enveloped. Surprisingly I’m awake too for an instant, things seemed preposterous. I’ve been talking to my self ‘Ah’ it’s all conjecture, not a fact.

I stand in an upright position, head straight for the window but I feel that the room is windowless. Th ere is the music sea. Sometime, rather off time I ask myself is it nearly obscure, ‘nah’, I’d rather keep mum.

My toe hit a brick yesterday. I can peel the weight of my toe overpowering the rest of my body. I look down towards it. Objectively speaking, it seems senseless but I’m feeling it heavy. My dad was compelling me to visit the doctor, I refuted, even though it seemed critical.

I could hear a musical instrument having steel wire strings that sound when struck by a felt covered hammer operated from a keyboard, oh come on it’s a piano! I’m not being straightforward, I guess I’m not willing to, I said to myself. I wondered why? I was chosen as the best for academics this month. Am I overestimating myself in that occasion? One of my peers (my opponent in class) broke into a scuffl e with the head master for not placing the honor on him. How derisive it seemed to me that people covet such honor as if it was their ultimate.

Slowly and steadily, I switched on the main light. It grew dim and then bright I felt happy for a second. My room is lit with bright light but it is dark outside. I turn the music on the song goes, “Love Hurts” its Nazareth, I convince myself. I’m pretty relieved that I now believe those two words. I skip to the next track. Th ere was a bang on my door. I immediately open it my neighbor throws tantrums over me playing the music loud. “Sorry” was my answer. I kept reiterating it even after I closed the door.

It’s one o’clock in the morning. It’s dark outside as usual. I can sense some eeriness in my room. I horridly search for my mobile. Th ere was a missed call from my former roommate. I feel so providential in second. He has remembered me. I had not kept my word for contacting him as soon as I’m back in the city. Do we change every day? Why am I taking things for granted?

An hour has passed, I sit and think. My friends say that I’m pretty dignifi ed in my approach. My nobility strikes them passively. My character refl ects them. At this moment I do not fi nd myself as a perfectionist in

what I do and say. But this is what that keeps me moving, striving for the best. As a student, I’m not pressurized. What I do, is to the limit I mark beforehand. I can never cross my limit. Th is is what I mean about excellence. It varies from one another.

I’m alone in my room. I take a deep breath, a sigh of relief about being praiseworthy and feel that I must make a cup of coff ee for myself. Th e utensil is dirty. I wash it well. I sit on my bed sipping the coff ee. It is boiling hot. I get angry for a moment.

I ponder why the world isn’t awake at this moment; at least I could communicate few words which may do them good. I have the individual freedom to do it, but the world is asleep, I mustn’t disturb them.

Oh, individual freedom! I have a subtle imagination for it. Individual power is what governs me. My agility lies in my mind. I lay back in my bed, somewhat relieved by being individualistic in my deed. I look up towards the ceiling. Th e fan is still. I haven’t switched off the lights. Th e fan stillness depicts that it is not moving. Th is is the meaning which is to be understood clearly. My individual instinct goes beyond that simple understanding into another realm of reality that it can move.

A Subtle Imagination

Bishal Raj PoudelCA Final

THE VOICE OF EVEREST • May 201345Courage is being scared to death, but saddling up anyway.

-- John Wayne --

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em08} em08} nf]k x'g] cj:yfdf /x]sf] of] hftL xfn ;Nofgsf] ljleGg 7fpFdf a;f]jf; ug]{ ul//x]sf] 5 . ;Nofgsf ;/sf/L sfo{no, Jofkf/L ;Fu cfly{s ;xof]usf] e/df cfkm\gf] u'hf/f rnfO/x]sf 5g\ . cfkm"n] agfPsf] sf7sf efF8fx? a]r]/, ;/ ;fdfg;Fu ;f6]/ cfkm\gf] hLjg wfGg afWo 5 of] hflt . h+undf klg h+unL hgfj/sf] cfqmd0f, clg :yfgLosf] Hofbltsf sf/0f cfkm"x? ;'/lIft ?kdf h+undf ;d]t a:g gkfsf] u'gf;f] of] hfltsf] 5 . of] hfltsf] tTsfn ;+/If0f Pj\d ;+j4{g ug{ g;s] of] hflt nf]kdf kg]{ lglZrt 5 .

;|f]t M /fli6«o hghftL pTyfg k|lti7fg g]kfn

/fp6] – Ps emns

–– w'j{/fh jnL …hlGh/Ú ––

l;P QkbZuy

May 2013 • THE VOICE OF EVEREST 46Too many of us are not living our dreams because we are living our fears.

-- Les Brown --

She waved her hands with lots of memories of her time with whom she spent nearly two years. Really! Some memories don’t die out which a man contemplates. She was in rush that day but she wasn’t contorted. She used to feel that her life was quite boring but some warmth began to overwhelm her, blow her that day. Th at day it was her last day of her college and stay with her nearest one .She had to do a trip which she thought would really be an interesting and challenging. Yeah! It was her trip for future. She became ready to in crave a good bye to Pokhara, a city of love, inspiration and intimacy. Everyone dreams but there are some peculiar dreams that are never forgettable, they just overcome. Everyone around her was dreaming visualizing future day’s but she had an only dream to peep that daybreak where actually it was. She didn’t think that she was a normal or an ordinary girl but her performance wasn’t quite appreciable to her good wishers because they expected bit more from her. Some special memories which she left with her friends, teachers and people weren’t unappreciable too. But reality which she was facing was more dominating than these other things. In her mind there was only thing to do because she had to move ahead in the search of her way, a real destiny of her life. Th e gold line overcame the rim of the hills. She was on the way to her destiny. She used to walk that way every day. It was a calm evening. Th e sun appeared focusing her within the vast world. Th e soft breeze caused a leaf to fall down. She felt herself as a chosen one. Suddenly the tears rolled down and fell on that leaf. She stood on her knees and picked it up into her bag. “Rush Kush! Rush!” I got a text and four missed call notifi cation which I didn’t picked up. I was in the city bus before setting our destiny to Kathmandu. I got the call again and slide my middle fi nger on the screen to receive Nashree’s call. “Hello Nashree! I am in front of you near to the bus stop in between the bars” I shouted. She cut her phone. She might have listened me without phone. She was in white and pink kurta, white shawl encircling her white face with red cheeks and her usual friendship band and a shiny citizen watch on her wrist. She looked really amazing that night. Nashree was with her mother full with tears, a normal tradition of Nepali mothers. I was with my father holding yellow, green bags. It was almost 9 pm when my father asked her “Are you ready for your journey beta?” She smiled with her red cheeks. Her dimples seemed as if someone had made a hole on her cheeks. However it was wonderful.

“Yes! Uncle.” She replied. Th e environment became emotional then. We did some family talks, hugged our parents and gave a good bye kiss. My father had arranged tickets for us at the middle part of the bus. Th e seats were quite inconvenient. Th e journey begun, we remained silent. But I hated that silence.

“How was your exam?” Before her answer came I said it was good na. “You are lucky to be with him in the board examination.”  I added. “I don’t think so and what does that luck mean!” She seemed quite angry. “And listen Kush he had a good fortune to be with me okay!” She added. “Why are you angry girl? I am ....” “I am going to give you a blow if you are talking about it again.” “Oh, I’m really sorry! I acted as if I am really frightened.” She smiled on me. I was thinking that what a sorry can’t make.

Th e environment became cool then. Afterward I just hung up with informal talks and her boring, lazy and worried face until the midway of her journey. She dozed on my shoulder. I let her do that. But I was out of Sleep. I found nothing to do except a red dairy of her and some chocolates in her blue bag. I then thought my trip is going to be interesting.

Happiness may come to you this year We will brighten our love more my dear Lots of smile and lots of love Let’s be together, thee and me... I don’t know to whom it was dedicated to. Th ere was a smiley face with glittering blue color. I turned the page and found the date 2066/05/02 and a poem again

What is the cause I like you? What is the reason I love? Spring become worthless looking at you Days dreams begins and end on you..

Th en second stanza came.

Looking mountains and birds pair in the sky I always think you and me so high. So higher dancing and roaming in the forest Wishing the result thinking to harvest…

A journey with dark…

Mahesh AryalKathmandu

THE VOICE OF EVEREST • May 201347Th e link between my experience as an entrepreneur and that of a politician is all in one word: freedom.

-- Silvio Berlusconi --

Like that my eyes reached onto 4th stanza and to the end. I realized something was happening to her. Her head was still on my shoulder.

Everything what I behold Are just changing Time changed and destiny has changed And the weather we observing...

Th e second... Th e third and Th e fourth... And the fi fth was,

My hands are compelled To stay inside my palm Th ey can’t receive your hand But still may remember that warm and charm...

Th e diary became more mysterious. I couldn’t realize what is happening to her right now. I also read other written text and again faced a poem titled.

A fairy star I loved...

It’d be better if the sky Gives him a place If not he will fall to die And will be vanished from all of us...

If he can’t be seen there I can’t live here It will lead me to jump On the fi re of death If you sky not receive my heart You can’t see your others Only you will get full of shyness Because you will be naked for darkness...

Th en nobody will look at you Neither moon sun nor another do And you will be alone Like me and my sisters... But I can’t be happy either Because I lose your warmth. And love and faith of her And I will be unfulfi lled forever....

It was about 1:35 pm. She suddenly changed her position. I was nearly shocked. Luckily she closed her innocent eyes. I looked more beautiful. I got rest.

If you are listening me Look down I am beholding you Praying and knocking for the door So, I could get some special place for my star My ever shining star...

As the poem ended I became more emotional. After that the diary changed its story. My eyes wetted. I couldn’t stop.

Like the prisoner in the cage In the cage of fi re and hurt I am engulfed in the shoal In the shoal of death...

Th e diaphanous weather changed I almost in the mystery Th e calamity of the air is lost  In the search of sagacity..

Th e suavity of blown off leaves Has lost on the rude jungles Th e spirit of brine turned off And she is confi ned in the crevice

Th e sky is whimpering I’m not brazen by Th e rhythm of birds songs are not hearken Because my heart is really broken

Not only me you might be thinking Feeling you alone between the people Th ere is no person to touch you To touch your soul and make you alive...

I didn’t know what real story was but she was in trouble anyway. She tried many things but she couldn’t get satisfi ed. At the end of diary there was a massage from smiley dated 2065/03/22

Th e night is dark Th under to rain You came in my dream Again and again

No moon in the sky No friend to talk I think in my life Th ere is no luck

Writing for a letter Waiting for your call I don’t know dear I wept alone...

My eyes stopped and the diary closed. In that trip I really realized someone’s inner heart but couldn’t fi nd any idea to solve these types of problems. Last Bhadra 12, I met her .She was happy. I asked her a question “How are the days going on?” She knew that I have studied her. She just answered me “First love isn’t to forget, it’s to be realized.”

May 2013 • THE VOICE OF EVEREST 48If you keep saying things are going to be bad, you have a chance of being a prophet.

-- Isaac B. Singer --

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afWotfdf r'l8Psf /x/x?

jfoUnz [k=hdkHkzs] usiky

THE VOICE OF EVEREST • May 201349Success consists of doing the common things of life uncommonly well.

-- Unknown --

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lbg glhs cfpFb} lyof] . d klg a;sf] l6s6, hfg] 7fpF ;a}sf] OGthfd

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lyPg, lsgls pgL;Fu d}n] k7fPsf] lr¶L lyof] . d 3/df w]/} v'Ng yfnF] s'/

fsfgL ;fwf/0f ?kd} rNg yfNof], ;a} hLtsf] v';L dgfO/x]sf lyP, cfglGbt

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k};f b/fhaf6 lgsfn]sf] lyPF . emf]nfdf sk8f / k};f /fv]/ b/fhdf tof/L

cj:yfdf /flv;s]sf] lyPF . dgdf cg]s zÍf pkzÍfn] 8]/f hdfO{ /x]sf]

lyof] . cfdfa'jf tyf ;Dk"0f{ kl/jf/sf] lrGtf klg gnfu]sf] xf]Og . t/ s]xL

;do kl5 ;a}n] xfdLnfO{ ckgfO{ xfN5g\ eGg] ljrf/n] dg cln zfGt eof] .

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lbdfudf cg]s s'/f v]Ng yfNof] . e'O{df kfgLsf yf]kfx? em/] . v';Lsf] xf]

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xL;Fu cfkm\gf] b'Mv kf]Vg .

lbg laTb} uPkl5 kf] yfxf kfPF . pgL oxfFaf6 6f9f st} uO;s]sL /lxl5g\ .

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;fGTjgf lbb} lxDdt gxfg'{xf];\, ;fFrf] k|]d / ;Tosf] ;wF} ljho x'G5 .s]jn

w}o{ /fVg'xf];\ elgg\ . pgn] k;{af6 sf8{ lgsfNb} cfkm" kqsf/ ePsf] kl/ro

lbOg\ / olb cg'dlt lbP, pgn] Tof] 36gf of syf klqsfdf 5fK5' elgg\ .

5fKg'xf];\ t/ o; syfnfO{ wd{, hftL of ju{;+u ghf]8L Ps k|]d, ljZjf;,

;dk{0f;Fu hf]8]/ k|d'v JofVof ug'{xf]nf . k|]ddf ljZjf; eP o:tf ;fdflhs

kvf{n ;w} elTsG5 .

May 2013 • THE VOICE OF EVEREST 50If you don’t have a competitive advantage, don’t compete.

-- Jack Welch --

A loud jerk instead of a gentle touch but still he never minds waking up every morning.

Rubbing his sleepy eyes, work remaining from last night is not the fi rst thing to hit his mind. Rather you can hear him chuckling about something funny that happened yesterday and well, work, it’s there and it will always be there every morning and every day.

Running out to join his mates playing out there?

‘Umm…no! He is having fun with these plates he has to clean, see! Th ese soapy plates slip so beautifully as it they were dancing and he gets lost within those shiny bubbles.

Sun glows brighter to fi nd him even more energetic, running around, peeping from window to his friend who is serving food out there, calling him with many diff erent names, mimicking visitors he found funny and sometimes weird. Puzzled to see people throw away the food they paid for, paid MONEY for.

And what about school? Does he go to school? People say schools are made for everyone but not everyone is made for school. He knows more than your ten year old kid who goes to school with big lunch box and ironed pants just to pee on them, believe me he knows much. He has learned to wipe out the dirt of other people, he knows if they are not cleaned, they rot and stink making everyone around them smell like trash.

He knows how to be thankful to every small gift that life brings on his way every day, may it be a pen someone dropped while leaving or a smile from a stranger. He knows how to share; he shares his food, his bed, his clothes with the other guy of his age who works there along-with him and the best thing he shares is his laughter, I bet it’s enough to cheer you up.

And yes, you will never miss his songs, there is always one being tuned on in his mind and in his broken tone, of course! He catches every near melody being played around in radios, he is quick to learn. And if you are lucky enough you will even catch him dancing, trying to copy his favourite actor Salman. He wishes to grow up fast and be like him and go punching around the people who treat him bad; he says he wanted to beat the guy who came to restaurant yesterday and complained about the glass which wasn’t cleaned properly. He wasn’t allowed to have dinner just because of that complaint but his friend hid it and brought it for him. He knows hunger and he knows the value of food. He knows hard work and he knows nothing comes free, ‘you don’t just get it, you have to earn it’.

Does he have any plan for life? Well, he remembers very little about his past, place he was born, he won’t be able to fi nd his way back but yes, he has a plan for life- today he will complete his work quickly, learn a new song, talk to more people, dance a little more, laugh a little more and live a little more. NO? You were asking for future? Oops! Th en there’s a trouble because my friend plans only for now because he lives in present, he lives in the moment, he lives in the giggles and voices, he lives in his glimpses and actions, he lives in every breath he takes in and every bite of food he swallows, he LIVES because he is not dying of fear of what awaits out there, in that ghostly thing they call future.

Th ere are many kids around us who are living just as this friend of mine and may be you too know few. So all I want to say is help them if you can and if you can’t then its fi ne but don’t forget to get help from them because they can show you – HOW TO LIVE.

For a Friend who Knows Real Happiness

Aayushi SapkotaIPCC

THE VOICE OF EVEREST • May 201351People are not lazy. Th ey simply have important goals – that is, goals that do not inspire them.

-- Tony Robbins --

D ear All,

I just wanted to share my articleship interview experience at Ernst&Young with you. I really worked hard to get a call from the company as I did not have any references. I applied to the audit division. Initially there was an aptitude test with the following sections:

1. Quantitative Aptitude

2. Accounting

3. Logical Reasoning

4. General Knowledge

Th e paper was little lengthy but comparatively easy, so I did not have a problem with clearing that.

Next round was the technical interview…usually BIG 4’s conduct a HR Interview fi rst which will involve questions about yourself and your personal traits, soft skills etc. followed by series of technical interview rounds where you will be questioned on academic subjects… but in my case there was only one interview where I was asked all types of questions…some of them were:

1. As usual it started with- Tell Me about Yourself

2. Diff erence between fi nance lease and operating lease

3. AS-6 Depreciation

4. Diff erence between Reserve, Provision and contingent liability.

5. Journal entry for Provision for Bad and Doubtful Debts

6. Why Big 4?

7. What are your favourite subjects in CA? etc.

My Performance

First of all I had travelled the entire previous night for the interview and hardly slept for two hours... I lost

my presence of mind completely and here is how it went:

1. When he asked tell me about yourself I replied- I am a type of person who does only what I am truly passionate about. He instantly caught me and asked me...CA Profession gets monotonous sometimes...How do you think you can manage that if you can do only what you are passionate or interested about? I somehow managed that but, he did not seem satisfi ed with my answer.

2. He scanned through my resume and asked (I had done a course related to stock markets)- a question about that…which I answered to his satisfaction.

3. Series of questions on accounting standards- which I barely managed because I could not recall anything.

4. When he asked an example for Reserves- I said reserve for bad debts (which is wrong because it is not a reserve but a provision)

5. And for the journal entry for Provision for bad debts I told- Bad debts a/c to debtors a/c (Ans- P&L a/c to Prov. for bad debts

6. I think the interview was over when I gave the wrong answer to the journal entry question itself. But the worst thing I did was when he asked me “which is your favourite subject in CA”... he tactically gave me the options like...among law, fi nance, costing etc which is your favourite subject (note that the options don’t include accounting and auditing)- I told him I like company law and any fi nance related subjects.......I should have told him my favourite subjects are accounting and auditing as I applied to the audit division. So he concluded that it seems like you are more into fi nance…audit is not an area of interest to you.

My Articleship Experience

Divya BarathiCA Final

B.com Professional graduate from Christ University BangaloreEmail: divya_iim@yahoo.com

May 2013 • THE VOICE OF EVEREST 52Nobody talks of entrepreneurship as survival, but that’s exactly what it is.

-- Anita Roddick --

My Inference/Suggestions

1. First of all go to the interview in a right mind set...

sleep well the previous night and make sure you

have the presence of mind...In my case I knew

the right answers to what is a Reserve, Provision,

Contingent Liability and even the answer to that

journal entry...but in-spite of that I gave the wrong

answers

2. Secondly, don’t pretend to be something that you

are not… In my case I was not really interested

in audit...my interest areas were taxation and

fi nance...but since they were hiring only for

audit I pretended to be interested in it...but the

interviewer caught me red handed....believe me

the interviewers can read your face and fi nd out

whether you really mean what you say.

3. Be your natural self...think before you answer...

because if you give a wrong answer but even if you

correct it immediately…still the damage is done....

this shows that you are not sure about what you

know.

4. Lastly don’t settle for something because that is

what is available....follow your passion truly and do

only what you think you can do really well. Here I

told him I do only what I am passionate about…

which is true about my character but it became

a lie in this case to a certain extent because I am

really not very interested in audit but still I went to

the interview.

Finally I would like to conclude by saying that ...we

all know how diffi cult it is to get a call from a big 4

for articleship interview and I, even after getting an

opportunity, failed to utilise it. However I never lost

heart… As I believe Everything happens for a reason...

and the reason here maybe is that God wants me to

do what I really want to do :)

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THE VOICE OF EVEREST • May 201353Some people dream of great accomplishments, while others stay awake and do them.

-- Anonymous --

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May 2013 • THE VOICE OF EVEREST 54Failure defeats losers, failure inspires winners.

-- Robert T. Kiyosaki --

Life starts at birth with lots of love, aff ection and bounds, carving out the hope of our future dreams. Th e parents of each child might have struggled and cared and thought of them since they heard they would have a sweet and their small part with them, within next 9 months. Connecting with each and every sorrow and happiness.

Stepping forward, the time begins and runs just like the single blink of an eye. Every single child fl ies out for their dreams. Some speak out Doctors, Engineers, Actors, Singers, Dancer, Businessman and some CA’s. Th e time of transition comes, where each of us should pass through.

Every one of us moving for being titled as the “Chartered Accountant”; none of us had ever thought we would come so far from our beloved ones. But one question remains, are we happy? For what we are or for what we had dreamed?

Hopefully the answer might be ‘No’. Of course, none of us is happy, but why? It’s because we love being held inside the arms of our beloved ones. Th e thread of love and aff ection in our family binds us strongly without tension of handling our own problems. But the sudden break makes us depressed. If not then why the song of “Taare Zameen Par” titled “Maa” or anyone walking with their parents or having their Tiffi n made by their mom makes each of us emotional!

Although we are far, our parent’s blessings are with us forever and we must face this interval. It’s not just because it’s just one situation in our life but also, think that need for time is not for now but for future so learn to be happy and be awake with full ways of sunshine following the hope as seen in the dream.

So, Good morning everyone, dreams are made to be fulfi lled and it surely comes with no expiry date. So fi x the wings and give your dreams the heights of success, ready, get set and go..!!

I cannot ensure that everyone wins the race, however it doesn’t matter. What matters is, everyone should be in the fi eld.

We are far, following the hope, but are we happy?

Rojina RanabhatNew Delhi

I have a big dream, goal, aim.

Th is is the reason why I am far from my home.

I was unknown about the aff ection of home.

Now I know how am I, without sweet home.

I miss it every single night, wish I was there for a single time.

Now no option except counting the days to go home.

Home, I will come soon; being a perfect boon.

Till the grade 12, I was living in home.

I used to think what a rubbish to be stuck in home.

Now I know it’s damn-prettier to be in home.

My sweet home, I miss you every second.

Now no option except counting the days to go home.

Home, I will come soon; being a perfect boon.

I miss my acts in my home

Here I am alone

No-one is here to hear me

U are the enormous who was near to me

Home, my sweet home this is my little creation thinking about you because

Now no option without counting the days to go home.

Home, I will come soon; being a perfect boon.

My Sweet Home

Bibek AcharyaTopper’s Institute

hi.bibek2007@yahoo.comChitwan, Nepal.

THE VOICE OF EVEREST • May 201355I know for sure that what we dwell on is who we become.

-- Oprah Winfrey --

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cfhsf g]kfnL o'jf cyjf k9]sf clg jf}l4s o'jfx? ;dfhnfO{ kl/jt{g ug{ OR5's 5}gg\, a? To;d} efl;g tof/ 5g\ . k9\g] lj1fg clg ljjfxdf cfkm\gf] dftflktf ;dfg cfb/0fLo JolQmx?nfO{ v'§fsf] kfgL v'jfP/ cfkm\gf] k'?iffy{ b]vfpg], cfw'lgs e§Lx?df dfbs kbfy{ ;lxtsf] kf6L{ ubf{ pgLx? uf}/jn] km'N5g\ . afr'Gh]n af–cfdfnfO{ tftf] kfgL dfUbf lr;f] kfgL clg lr;f] kfgL dfUbf tftf] kfgL lbg] clg af–cfdf d/]kl5 6fpsf] v'ONofP/, g'g gvfP/ clg gDa/L kl08tnfO{ vf6, afR5L, k};f lbg], s] ToxL xf] cfhsf] o'jf ju{sf] ;f]rfO < oL t s]xL pbfx/0f dfq x'g\ .

d xfd|f] cfb/0fLo xh'/a'jf, cfdfx? / xfd|f] cleefjsx?nfO{ o;df bf]if lbGg a? xfdL h:tf o'jf, clg ;dfhsf jf}l4s k9]n]v]sf egfpbf JolQmx?nfO{ lbg rfxG5' . xfd|f] k'vf{x? clzlIft lyP, pgLx?df 1fg lyPg / pgLx?n] oxL hfg] / u/] t/ xfdL h;nfO{ ;a} yfxf 5 / klg xfdL oxfF s]xL yfxf gePsf] h:tf] u/L To;}sf] lx:;f ag]sf 5f}F .

xfd|f k'vf{x? lgbfPsf lyP, xfdL pgLx?nfO{ hufpg ;S5fF} t/ xfdL lsg cfkm} lgbfPsf] gf6s ul//x]sf] 5f}F < g–lgbfOsg lgbfPsf] h:tf] ug]{ xfdL c?nfO{ t p7fpg ;Sb}gf}F t/ cfkm} p7\g ;S5f} / lgbfPsf JolQmx?nfO{ hufpg ;S5f}F . To;}n] ca hfufF}, hufcf}F======ÛÛÛ

;fdflhs s'øLlt ø cfhsf o'jf

lqeu Hkqlkyfprou] usiky

ha cfkm\gf] dgha cfkm\gf] dg sf]dn clg kljq x'G5 .x/ d'xf/df klg p:s} cfkm\gf] lrq x'G5 ..

;+;f/s} ;a}eGbf ;'Gb/ clg /fd|f] 5 pm sfnf] xf];\ ls uf]/f] ha ;t\rl/q x'G5 ..

;a}leq cfTdf x'G5 cfTdf g} O{Zj/ xf] tO{Zj/ af]sL lx8\g] dfG5] s'g} s] bl/b| x'G5 <

hLjg;+u k|]d u/f+} ;bf–;bfsf] nflu dfof st} b]lvb}g of] t d'6'leq x'G5 ..

bLk anf];\ cWof/f]df hxfFsxLF uP/x/ JolQmdf v';L af8\g] pm t ;asf] ldq x'G5 ..

fnisUnz mik/;k;fl, QkbZuynka³] usiky

May 2013 • THE VOICE OF EVEREST 56Trust because you are willing to accept the risk, not because it’s safe or certain.

-- Anonymous --

Th ere can’t be another word in the English Dictionary which I hate more than “Because” because it’s just disgusting. If it were some tangible, I’d chop it into million pieces, in-fact into a gazillion pieces.

Do you want to know why I hate “because” so much? I’ll tell you why, but let me fi rst ask you to remember all more things when you have used this stupid word. Well it might be too tough for you to recognise, even for me it’s diffi cult. Everyone including you and me are fond of this word, mostly when it’s time to face the pressure; exams.

Why didn’t you do well in exams? Because my pen ran out of ink, because I didn’t get enough time to study, Because of load-shedding, because teachers are my enemy, they always ask the thing which I haven’t studied, etc.

Come on! Wake Up! When you fail your exams, you are faulting others, have the guts and say, “it was my mistake, not the pen”, have the guts and say, “It was me who didn’t study when I should have”. If you have the courage, admit your mistake, somehow you will get the courage to correct your mistake.

In contrast, if you try to hide your weakness by concealing your mistake, by making excuses saying because this and because that, you will never be able to improve yourself. You will start living in a virtual world created by yourself and once you have lived in that world long enough you will actually start believing your own lies. You will fall in a deadly vicious circle. Beware! Because it really keeps you away from success.

Don’t worry yourself thinking what others think about you since they are even more worried about what you are thinking about them. Be bold enough to clarify your concept. Others may laugh at you today, but tomorrow you will be praised and be the one to live wisely.

Don’t make excuses, don’t hold yourself back, avoid “BECAUSE”!

I hate “Because”

Durga Shrestha

Th e doctor said that I need to be admitted…..Its 2 A. M at the morning. My friends had brought me here just one hour ago due to severe headache and chest pain. I have always been afraid of doctor and hospitals. I hate hospital; I hate medicine and needle a lot. Being in a foreign land is quiet diffi cult. I haven’t told my families about it yet, because they will say that I haven’t taken care of myself.

Now, who will stay with me? Th at was the problem. I had a lot of friends, studying friend, drinking friend, movie friend, girl friends and so called close friend to whom I always share my feelings. But now nobody gives a damn shit to me. Nobody is here to take care of me….I have been in these land for 3 years and have met lot of people. You know sometime I was also not present there when they need me, but I had helped lot of people.

Well it feels too bad and it hurts. As I used to think there are lot of people who really care me and for whom I matter the most. Well, the reality is quite diff erent.

Here, everybody have their own life and own dream. Th ey are busy in their own work. Nobody bother about other. Yes, I have not visited him when he was hospitalized for 1 month. Who give a damn shit about other?

It is not my village. It is a town, a metropolitan, city of ghost and demons…. In village there used to live her, my friend who cares me a lot but now she is with someone else. Why…… because I dump her as I felt so and there is no any specifi c reason…, Tear drops…., ! Where is my mobile? .I need to call her. I know she miss me….. Shit! Forget her, man. She had gone.

“’Hey you turn over here”. And this ugly nurse put an injection in my arm. I am feeling sleepy; she is in my dream looking towards me. Now I don’t need anybody to care me. I have her; she will take care of me. I can feel her presence at here.

Friends

Subodh BashyalCA-Final

Bhairahawa

THE VOICE OF EVEREST • May 201357Logic will get you from A to B. Imagination will take you everywhere.

-- Albert Einstein --

A Young man made his journey on foot for six months through the trail of Himalayans serving three monasteries abandoning his physical world for the sake of fi nding his spiritual peace which he termed as “nirvana”. He started his journey from the northern part of taplejung without having any wallet, cell phone and even any debit/credit card. He barely got anything to eat during his trip. He managed with the yak -milk, cheese. After 15 days of walking he reached at fi rst monastery at the very northern part of Sankhuwasabha. He served there for one and half months. During his stay, he was presented in the morning pray, started meditation, learned about the Buddhist holy Triptaka and chants. He made himself devoted toward the belief of “nirvana”. He got involved in talking about spiritual happiness with the monks and lamas. He again continued his journey since; still he has to go long way. After walking for 12 days through the yak trail of passing through the giant, fascinating mountain; of course incredible Everest, he got into very popular Tengboche monastery. At here he learned more about the Buddhism principle and belief; he even managed to learn about the Buddhism art and painting. His Seeking for spiritual pleasure which made him to take such journey got refl ected through the shining snow clad peak of Ama Dablam, the tip of Everest that glow from the Lotse ridge and several other peaks. It made him felt lucky; he witnessed the paradise of the globe. After there for 2 months, he again made his next trip which last for 18 days continuously walking from khumjung of Solu to Boch, Rasuwa district. Here he reached at Lapchi monastery which is nearly 400 years old and survived the Cultural Revolution. Monastery was half abandoned due the destruction caused by fi re. He volunteered for the rebuilt of this monastery. Wall of monastery got the painting of newly young monk who left his physical happiness very far from these holy monasteries. He made himself fully devoted toward the Buddhism. He witnessed his life mourning; he witnessed his soul dying inside ardent for spiritual peace. He has his own experience, he has his own word ………………………..……….. When he came from the spiritual transformation, He showed up the world with his own cherished story to share with YOU.

“Journey for Nirvana”

Sudip RayamajhiCA Final

Kathmandu, Nepal

D own from the beautiful city, the capital of Nepal, Kathmandu to the city of opportunity, the capital of India, Delhi, was an exciting trip to be in. And obviously heart moves on throughout with happiness of course, there is lot of ups and downs. Th ere is only one way to stay calm during bad times i.e. building up own personality and character. So, it’s not a big deal to stay away from family and friends to build a pillar of career and concrete of personality for some years. After all, fi nal destination is obviously family and friends.

At the day of my departure, at the moment of doleful environment, all I could do was promise myself and my belated father that I will never lose enthusiasm towards my career at any cost, at least not in this life.

Delhi, a destiny brings out so many hopes for me. Now, I’m in Laxmi-Nagar where most of the CA institutes are located. Chartered Accountancy, a prestigious and toughest course known, was in my destiny; although deciding to join CA course was a risky job for me specially when changing my faculty from science to non-science. Anyway, I won’t let myself down and try my best to achieve my destiny. It was my promise and I will never try to evade it.

I would also like to deliver some message to my pals from Nepal. We are not here only to have fun and enjoy, we’re here to fulfi ll the expectations of our family and well-wishers. We’re here to build our career, to fulfi ll our promise. Life will not move on automatically as we want it to, we should obviously make some eff orts. Luck is necessary but it’s not that we leave the whole eff orts to luck. It will never tend to success. So, please friends be sincere towards your destiny and expectations of your parents. We cannot aff ord to lose our enthusiasm at this moment. So, put your full eff ort and move towards success. At last all I want to say is; “Respect your parents, respect your teachers, respect your smartness and yes most importantly respect your profession and lead your way to your destiny.”

Down from the Beutiful Land

Bibek Ram BhandariCA-IPCC

Balaju-16, Kathmandu,Nepal

May 2013 • THE VOICE OF EVEREST 58Success is walking from failure to failure with no loss of enthusiasm.

-- Winston Churchill --

1. A man bought a car by bank loan. But he did

not pay loan amount. So they took the car

from him. After seeing that the man thought,

“If I knew before, than I would have taken a

loan for my marriage also.

2. A blind man was waiting to cross the road

when his guide dog peed on his leg. He

reached into his pocket and took out a

biscuit for the dog.

A passerby who’d seen everything remarked:

“Th at’s very tolerant of you after what he just

did.”

“Not really,” came the reply. “I’m just fi nding

out where his mouth is, so I can kick him.”

3. Boss: Where were you born?

Sardarji: Oye Punjab.

Boss: Which part?

Sardarji: Oye, Kya which part? Whole body

born in Punjab.

4. Santa and Banta went to see a 9-12 PM movie

show.

But they came back at 10 PM.

Why?

Because the movie’s name was “Dastak”

(Das-tak: until 10 O’ clock).

5. Jack and Max are walking from religious

service.

Jack wonders whether it would be all right to

smoke while praying.

Max replies, “Why don’t you ask the Priest?”

So Jack goes up to the Priest and asks,

“Father, may I smoke while I pray?”

Th e Priest replies, “No, my son, you may not!

Th at’s utter disrespect to our religion.” Jack

goes back to his friend and tells him what

the good Priest told him.

Max says, “I’m not surprised. You asked the

wrong question. Let me try.”

And so Max goes up to the Priest and asks,

“Father, may I pray while I smoke?”

To which the Priest eagerly replies, “By all

means, my son. By all means. You can always

pray whenever you want to.”

Jokes

Collected by Kiran KhwanjuBhaktapur, Nepal

THE VOICE OF EVEREST • May 201359If you keep saying things are going to be bad, you have a chance of being a prophet.

-- Isaac B. Singer --

d lau|]sf] dflg;

x]/ ;fyL dnfO{,

d lau|]sf] dflg;,

/ftnfO{ lbg ;lDemg],

:jod\ cGwsf/ x"F d,

aQLsf] kL7df pHofnf] vf]hL lx8\g],

d lau|]sf] dflg; ..

hLjgsf] ofqfdf b'MvnfO{ g} ´]N5',

;'vsf] nfnrdf rf]6 vfFb}5'

a'bF k|]dsf] nflu kmfF;L r9]g,

d lau|]sf] dflg; ..

kmk{m/fpFbf] /ftf] em08f

jL/sf] ufyf sfgdf d]/f],

t/ kLl8t 5g\ d]/f kLtfdx,

lgZrn ;fu/ g} cf;'Fsf] kof{o,

rf]6 d]/f] lbnsf] ;fyL,

uDeL/tf hLjgsf] oyfy{,

cy{xLgtf leq cy{ vf]Hg],

d lau|]sf] dflg; ..

c;kmntfk"0f{ ;kmnsf] ;F1f,

uGtJo d]/f] sd{ofqf,

lbzfxLg hLjgsf] ofqf d]/f]

d lau|]sf] dflg; ..

& vkj-,u-jk;

fl, QkbZuy

leQfx? af]Ng]5g\

o'4sf] ljlelifsfdf

n6\kl6Psf] ;d/d}bfg

3fonx?sf] qmGbg

5f]/f] u'dfPsL cfdfsf] k'sf/

afa' u'dfPsf] afnssf] lrTsf/

;a} clg ;a}

em'7f] cf8Da/Lkg

lgn{Hh kfv08tf

o'usf sfnf lbgx?

dxnsf /lËnf knx?

afa'sf] cj:yf

;a} clg ;a}

s}b 5g\

;dosf] rqmJo"x leq .

xhf/f}F aif{;Dd vfdf];

plePsf kxf8x?

xhf/f}F aif{;Dd zfGt

;'t]sf ;fu/x?

xhf/f}F aif{;Dd nDk;f/

9n]sf af6fx?

;a} clg ;a}

h'd{‘/fpg]5g\ Pslbg

kxf8x? lrNnfpg]5g\

;fu/x? pn{g]5g\

af6fx? pleg]5g\

dnfO{ ljZjf; 5

;do pQ/ aUg]5

km]l/ Tof] lbg cfpg]5

ha oL leQfx? af]Ng]5g\ .

ha oL leQfx? af]Ng]5g\ .

& enu iqu exj

ltdLn] 5f]8]b]lv

cd[t egL sf]dn xftn] hx/ lknfPkl5

6f6} 6f6f k/]sf] 3fpm km]l/ l;nfPkl5

ca s] afFls /Xof] / d/] ;l/ hLjgdf

h'gL e/L ;fYf lbG5' egL PsfPs

lanfPkl5

dlGb/leq 5f} b]j xf} egL k"hf u/]+

dg ldN5 ltd|f] d]/f] egL cfz u/]+ .

cflv/ ltdL t dxf/fIf; /lx5\of}

/fIf; xf} eGg] s] yfxf e"n u/L k|]d u/++] .

ltd|f] dfofsf] kl/efiff ug{] dfG5] xf]Og d

rf]6 nfUbf dge/L ?g] dfG5] xf]Og d .

hLjg ?kL ofqfdf ;w}+ cl3 a8\g' ltdL

ltd|f] ;kmntfdf dg s'8fpg] dfG5] xf]Og

d .

v} z/fjsf] Kofnf lkO{ b'u{lt ef] d]/f]

ltdLn] 5f]8]b]lv t uGtJosf] af6f] lanfof]

d]/f] .

x] hfnL Û ltdLn] 5f]8]b]lv t ;w}e/L .

k'is/ uf}td

May 2013 • THE VOICE OF EVEREST 60People seem not to see that their opinion of the world is also a confession of character.

-- Ralph Waldo Emerson --

æof] hlGdb} hut\df s}of}F k|xf/ cfP, ;fd|fHojfbL xf/] xf/]g

;fg xfd|f]Æ

l/dfnsf oL k+lQmx? ;'Gbf d'6'df lj/fhdfg /fli6«otf?kL pmhf{,

laB't t/Ë ;/L wdgL–wdgLdf k|jflxt x'g k'Ub5 . Tof]

k[YjLgf/fo0f / axfb'/ zfxn] ljhf/f]k0f u/]sf] eLd;]g yfkf,

cd/l;+x, elQm nufot xhf/f}+ xhf/ k"vf{n] 5ftLdf tf]ksf] tftf]–

tftf] uf]nf yfk]/ x'Sof{Psf] ljzfn j6j[If jf egfF} kvf{n?kL

xfd|f] /fli6«otf, xfd|f] uf}/j, xfd|f] cl:tTjsf] Bf]ts cfh dfgfF}

Pp6f k'/fgf] h:t}– hh{/-hL0f{_ e};s]sf] 5 .

@))& b]lv @)^@–@)^# ;Ddsf x/]s hgcfGbf]ngn] d'n'sdf

o'ufGtsf/L kl/jt{g NofPsf] s'/fnfO{ gsfg{ ldNb}g t/ x/]s

kl/jt{gsf] kbf{ k5fl8 xfd|f] /fli6«otf eg] kSs} klg sdhf]/

x'b} cfPsf] 5. cfˆg} cfFvfn] b]v]sf] cfGbf]ngnfO{ s]nfpg] xf]

eg] @)^@–@)^# sf] hgcfGbf]ngdf xfd|f g]tfx?n] rfdn;++u

kL7f] ;f6\g] sfo{ u/]sf 5g\ . b]zdf u0ftGq cfof], wd{ lg/k]If

eof], nfvf+}nfv ljb]zLnfO{ gful/stf afl8of], ´g\ g]tfx? cfˆgf]

;kmntfdf uf}/jflGjt eP. czflGt / /Stkftaf6 ql;t hgtf

kl/jt{gnfO{ cfTd;ft ub}{ km'?Ss km'ls{P. t/ s;}sf] gh/ k/]g

of t c }́ k/]sf] 5}g, oL pknAwLx? xfd|f] /fi6«sf nflu :nf]j\

kf]O;f]g\ ;flat x'g]5g\ eg]/ .

g]kfnn] u0ftGqsf] eof{ªsf] klxnf] v'8\lsnf] To; lbg} r9]sf]

lyof] ha k"j{/fhf jL/]Gb|n] /fi6«;+3df g]kfnnfO{ ljZjzflGtIf]q

3f]if0ff ug]{ k|:tfj /fv]sf lyP. tb\kZrft\ @)%* ;fndf b/

af/ xTofsf08 h'g zlStn] d~rg uof]{, To;}sf] u|fG8\ l8hfOg\

sf] dWofGt/ xf], g]kfnsf] of] u0ftGq . olb cfh jL/]Gb| Pjd\

pgsf] kl/jf/ hLljt ePsf] eP hgtfn] /fhtGq ?rfpy] ls

u0ftGq < JolSt unt x'b}df k"/} ;+:yf unt x'b}g . h'g ;+:yfsf]

Wjhfd'lg /fi6«lgdf{0f eof], h;n] ljleGg k|hfltsf km"n ;/L

leGg–leGg g]kfnL hgtfnfO{ Pp6f wfuf]df pGg] sfd u/]sf]

lyof] g]kfnL ;]gfsf] cleefjs clg ;+/Ifsn], cfh Tof] wfuf]

r'l8gfn] dfnf IftljIft eof] . hgtf Pscsf{sf] df;' vfg

tDtof/ 5g\ . ;:tf] hftLotfsf] gfddf d'n's csf]{ u[xo'¢tkm{

bM':jKg

izlUu dksbjkyk

lh-,- QkbZuy

ws]lnb} 5 . h;/L d';nwf/] kfgL k/]sf] a]nf cleefjs ljxLg

afns l5d]sLsf] 5ftfd'lg cf]t nfUb5, To;}u/L cfh nfrf/

eP/ ck|ToIf ?kdf g]kfnL ;]gf ljb]zLsf] 5ftfd'lg 5 . zlSt

s6f}tL u/]/ ePklg eQf lbPs} 5 .g]kfnsf nflu t cfnª\sfl/s

/fhtGq g} plrt x'GYof] .

x/]s wd{ cfkm}df dxfg\ x'G5 . d wd{ lg/k]Iftfsf] lj/f]wL xf]Og

. g t d s§/kGyL lxGb" g} xF" . t/ /0fg}lts ?kdf g]kfnsf

nflu lxGb" /fi6« g} pko'St lyof] . blIf0ftkm{ ljzfn lxGb':tfg,

!%) s/f]8 eGbf a9L lxGb" hg;ª\Vof ePsf] b]z;+u hf]l8Psf]

xfd|f] d'n's æljZjsf] Psdfq lxGb" /fi6«æ ,j]bsf] pb\ud:yn,

lgs6 eljiodf lxGb"x?sf] ædSsfÆdf kl/0ft ug{ ;lsGYof] /

/fli6«otfnfO{ nf}x:j?k clg cy{tGqnfO{ b'O{ cª\s] kfª\u|fdf

u'8fpg d2t ldNYof] . g]kfnn] ljZj;d'bfodf Pp6f klxrfgkq

t kSs} u'dfPsf] 5 .

Ps O{6 kl5 csf]{ O{6 ub}{ xfd|f] /fli6«otfsf] kvf{n elTsb}

uO/x]sf] 5 . ;Qf?kL tftf] cfn' s;}sf] xftdf l:y/ x'g ;s]sf]

5}g. g]tfx? ;/sf/ agfpg] / 9fNg] v]ndf lnKt /x] . To;af6

jfSslbSs hgtfx? ljb]lzg] xf]8afhLdf d:t 5g\. g]kfn cfdfsf]

s?0f /f]bg s;}sf] sfgdf k/]sf] b]lvb}g. u/LaL, k5f}6]kg,

c;'/Iff, r'lnbf] dxËL, pmhf{ ;ª\s6, cAan hgzlStsf] cefj

clg j'l¢hLljsf] l/Qmtfn] d'n's vf]s|f] / sdhf]/ x'Fb} uO/x]sf] 5.

lgs6td l5d]sLx? lbg b'u'gf, /ft rf}u'gf ub}{ ljZjzlSts]Gb|

aGgtkm{ nDsL /x]sf 5g\. ef]sfgfª\uf g]kfnL hgtf l5d]sdf

km/flsnf] ;8s, ;:tf ;jf/L ;fwg, @$ 306f lah'nL, k]6«f]lnod\

cfk"lt{, /f]huf/ clg ul/vfg] d]nf] b]v]/ nfnflot e} æe's] k]6

gfx'P ehgjf, lng';\ cfˆgf] aG;L dfnfÆ eGb} jfl/ cWof/f] /

kfl/ l´lnldln 5'6\ofpg] ;Ldf /]vfnfO{ lt/:sf/ ub}{, zlSt

/ P]Zjo{n] pbfodfg tL e"uf]nsf] Ps cËsf] ¿kdf cfkm"nfO{

:jLsf/ ug]{ lbg k/ 5}g . Tof] xfd|f] /fli6«otfdflysf] clGtd

k|xf/ x'g]5 . Tof] clGtd ;Ldf:tDesf] ljno, Tof] cGwd'li6

/ftsf] qfz, Tof] eofjx b'M:jKg=========

THE VOICE OF EVEREST • May 201361People seem not to see that their opinion of the world is also a confession of character.

-- Ralph Waldo Emerson --

æbfO Û Ps Kn]6 lrNnL kf]6f6f]Æ

æx;\ ;/Æ

æclg bfO Û Ps Kn]6 lrs]g dMdMÆ

æPs} l5g x}, ;/Æ

nIdLgu/, nlntfkfs{, g]kfnL bfOsf] vfhfk;nÞÞ ÞÞ ÞÞ ÞÞÞÞÞÞÞÞÞÞÞÞ ÞÞÞÞÞÞÞÞÞÞÞÞÞÞÞÞ

s]xL dlxgf otf, ToxfF Pp6f gofF d'xf/ ylkPsf] 5– dWodsb, uf]/f] j0f{

/ ;bfjxf/ d':sfgsf] ;fydf . k|:t't 5–pgsf] j[tfGt, pgs} zAbdf .

æ;ft jif{sf] pd]/df dDdLn] Ps sIffdf egf{ ug{ eg]/ :s"ndf nUg'eof]

t/ a'jfn] k9\g kb}{g eg]/ tfg]/ 3/ nUg'eof] . d Tof] If0f slxNo} lal;{Gg .

:s"n hfg] d]/f] /x/ cw'/} /xg] h:tf] nfu]sf] lyof] t/ kl5 a'jfn] dfGg'eof].

uf]hLe/L u'R5f / gfse/L l;Fufg lnP/ :s"n uPF . b'O{ sIffdf P km/ PKkn

l;s]F . Tof] ;dodf xfd|f] kl/jf/sf] cfly{s cj:yf Tolt /fd|f] lyPg . a'jf

a]/f]huf/ x'g'x'GYof] . dDdLsf] dhb'/Lsf] cfDbfgLn] g} d / d]/f] efOsf] k9fO

/ ;f/f kl/jf/sf] vr{ l6s]sf] lyof] . pwf/f]sf] /f;gdf g} afNosfn laTof] .

d]/f] klxnf] k|]/0ffsf] ;|f]t g} d]/f] dDdL x'g'x'G5 .

!& jif{sf] slnnf] pd]/d} j}jflxs aGwgdf afFlwPtf klg ;f/f kl/jf/

sf] bfloTj cfˆgf] xftdf lnPsf] ;lD´bf c´} crDd nfU5 . dDdLsf] b'Mv

b]v]/ ^ sIffdf k9\bf hLjgdf s]xL ug'{k5{ eGg] ;f]r ljsf; eof] . k9\g

yflnof] / 5F}7f} :yfg klg cfof] . klxnf]÷bf];|f] ljBfyL{n] k|fKt ug]{ /f]6/Lsf]

5fqj[lQnfO{ cfj]bg lbPF / ck|Tofl;t ¿kdf k|fKt u/]F . dDdLsf] af]´ sd

x'g] eP/ w]/} v';L nfUof], cfTdljZjf; a9\of].

:s"nsf] cª\u|]hL ;/n] dnfO{ w]/} dfof ug'{ x'GYof], l;sfpg vf]Hg'x'GYof].

æGrammarÆ sf] æGÆ nfO{ :dn n]6/df n]Vbf ;/n] ufnL ug'{eof] . Tof] lbg

æOne day i will make you speak in English ProudlyÆ eGg] ;f]r]F . ToxfF b]lv sljtf

n]Vg yfn]F . :s"nsf] ;a} sfo{qmddf efu lngyfn]F / /dfOnf] ug{ klg 5fl8g

. km'6ansf] clt g} s]|hL lyPF . km'6an eg]kl5 vfg klg lal;GyF]{– gfs

km'6fPF, Pp6f v'6\6f klg efr]F . clxn] ;lD´bf /dfOnf] nfU5 .

o;/L g} :s"n] hLjg laTb} uof] . P;\ Pn\ ;L ;f]r] h:tf] ePg .

lskmfotL sn]hdf ±@ df egf{ ePF / b'O{ jif{ g} 5fqj[lQdf k9]F . lrg]sf]

bfOn] dhfs–dhfsdf æt}n] ;L–P kl9;\ eg] t d}n] sfg sfl6lbG5'æ eg]

kl5 ;LP k9\g ´g} OR5f hfUof] . sn]h ;lsof] . g]kfnd} ;LkL6L k9F] /

vkbZ-ih-lh-lh klg g]kfnaf6} k9]F . To;kl5 cfOl6l6 ug{ lbNnL cfPF . PSn}

dhg'sfltnfdf plqPF . dnfO{ c6f]jfnfn] klg a'4" agfP5 . xf]:6]n vf]Hg

klg b'Mv kfPF . Pl6Pdn] klg sfd u/]g . ck|Tofl;t ¿kdf Pp6f k;nsf]

bfOn] glrg]tf klg g]kfnLsf] gftfdf w]/} ;xof]u ug'{eof] . lbNnL cfPsf]

klxnf] lbgd} w]/} ;as l;lsof] .

gf} dlxgf, b'O6f u|'k, klxnf] P6]Dk6 / cfOlkl;l; kf;======= v';L nfu]sf]

5 . ca ;f]Rb}5' ls uof]{ eg] h] klg ;lsg] /x]5 . 3/sf] vfgf / kl/jf/

sf] dfofnfO{ yftL /fv]/ afa'cfdfsf] ;kgf af]sL ;'gf}nf] eljiosf] vf]hLdf

csf]{ d'n'sdf lstfasf] af]´df blaPsf xfdL ;LP ljBfyL{Ù s] oL lstfax?

y]Ug g;Sg] u/L af]l´nf 5g\ t<

,mVk dFkk

'kS’ko ikSMsy

lh-,- vkbZ-ih-lh-lh

sljtfw]/} eof] k/b]zL ltdL ljb]z uPsf],

lr¶L va/ klg ltdLn] gk7fPsf] .

slt a:5f} ltdL csf{sf] b]zdf<

kmsL{ cfpm ;'v b'Mv af8f}Fnf cfˆg} d'n'sdf .

ufpF3/ r§} 5f]8L ltdL t eof} k/b]zL .

ltdL lagf PSn} 6f]nfp5 ltd|f] lk|o;L .

ljxfgb]lv a]n'sf;Dd d]nfkftd} laT5,

;D´gfdf sf]N6] km]b}{ /ft To;} laT5,

rf8kj{ cfpFbf ;an] b]jLb]jtf efS5g\

t/ ltd|f] 3/df ;w} ltd|} gfdsf] lbof] afN5g\ .

w]/} eof] k/b]zL =====

cfdfsf] xftn] a'g]sf] :jL6/ klg yfNof] ca kmf6\g,

wg eP lg kfOGg oxfF dgsf] b'Mv ;f6\g .

ltdL uPb]lv lbndf 3fd} nfu]sf] 5}g elG5g\

x]g{ kfpFlbgsL eGb} a"9Lcfdf ?lG5g\

nId0f ljZjfz

r}gk'/, slkna:t'

xfOs"nxnx}df

cfOof] ;L P aGg

lbNnL zx/ .

nIdLgu/

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xfQLsf] bfFt .

vfg' g Ko"g'

g t ;'Tgs} lgwf]

;L P sf] sf]if{ .

;'dg b]jsf]6f

lh-,- QkbZuy

May 2013 • THE VOICE OF EVEREST 62If you keep saying things are going to be bad, you have a chance of being a prophet.

-- Isaac B. Singer --

g]kfnL snf If]qsf] Ps rlr{t gfd xf] – Ps gf/fo0f e08f/L . pxfF snfsf] If]qdf cfw'lgs tyf nf]suLt /rgf ug'{sf] ;fy} ufogdf ;d]t ;s[o x'g'x'G5 .

:ofËhf lhNnfdf hlGdg' ePsf e08f/Ln] g]kfnL nf]s tyf cfw'lgs uLt ;+uLtsf] If]qdf pNn]vgLo of]ubfg k'¥ofpg' ePsf] 5 .

k|:t't 5 xfd|f] ;fyL lz/Lif aufn]åf/f jxfF;+u lnOPsf] 5f]6f] cGt/Ë –

!_ ;j{k|yd tkfO{sf] cfkm\gf] JolQmut hLjg / ;+uLt

If]qdf oxfFsf] k|j]zsf ljifodf s]xL atfOlbg' xf]nf< d @)#* ;fn ^ dlxgf @! ut] :ofËhf ksafbL @ u]emfdf hGd]sf] xF" . d ;fdfGo s[ifLdf cfl>t kl/jf/sf] ;b:o x"F . d]/f] afNosfn jgkfvf psfnL cf]/fnL ub}{ laTof] . d]/f] +b'O{ sIff;Ddsf] cWoog :ofËhfd} ;lsof] , l8u|L k9\g] qmddf sf7df8fF} k'uF] . d ;fg}b]lv uLt n]Vg], ufpg] uyF]{, :s"n tyf lhNnf:t/Lo sfo{qmddf efu lnb} d]/f] :f+fuLlts tyf n]vg ofqf ;'? eof] . ha d sf7df8fF} k'u+], d]/f l;h{gfx? /]sl8{Ë x'gyfn] .

@_ g]kfnsf] nf]s tyf cfw'lgs ;+uLt If]qdf k|j]z ubf{sf] cg'e"ltx? / ;du|df g]kfnsf] nf]s tyf cfw'lgs

;+uLtsf] jt{dfg l:yltsf] af/]df atfOlbg' xf]nf< uLt ;+uLt /]sl8{Ësf] nflu vr{ h'6fpg g;s]/ cfkm} PNad lgsfNg] jftfj/0f ePg . d c?s} PNjddf lgz'Ns uLt n]Vg yfn]+ . x/]s If]qdf gofF x'bf ufx|f] x'bf] /}5 . d}n] klg w]/} ;+3{if ug'{ kof]{ . hlt /fd|f uLt eP klg uLtsf/ 5fFofdf kg]{, ;'?df d klg k/+] .

clxn] uLt ;+uLtsf] u'0f:t/ tyf ;+Vofdf j[l4 cfP klg df}lnstf eg] vt/fdf k/]sf] 5 . nf]s uLt klg cfw'lgsLs/0f ePsf] 5 . k|ljlwsf] sf/0fn] sd;n ufossf] :j/ klg /fd|} ;'lgg yfn]sf] 5 . of] ;dodf cfw'lgs uLt cln 5fFofdf k/]sf] cg'ej 5 d]/f] . cfw'lgs uLt nf]scfw'lgs aGb}5g\ . hf] kfof] ToxL ;+uLtsf/, uLtsf/ / ufos ag]sf 5g\, k};fsf] e/df . clg /fd|f / ;Ifd ;[hgf 5fFofdf k/]sf 5g\ .

#_ snf tyf ;+uLtsf] dfWodaf6 /fi6«sf] snf tyf ;+uLt If]qnfO{ t of]ubfg k'u]s} 5 . o; ;Gbe{df tkfO{em} cGo snf tyf ;+uLtdf nfu]sf JolQmx?sf] hLjgofkgdf slQsf] ;xof]u k'u]sf] 5 < jf egf} ;+uLtdf nfu]/ hLjgofkg ug{ ;+ej 5 < jf snfnfO{ hLjgofkgsf]

dfWod agfpg] ;f]rfO unt 5 < Tofu, ;fwgf /

;dk{0fsf h:tf s'/fnfO{ klg k|i6\ofOlbg' xf]nf< ;+uLt If]qdf nfu]/ ufos afx]s c?nfO{ afRg ufx|f] 5 . ufosn] :6]haf6 /fd|} sdfp5g\ t/ /rgfsf/ ;+uLtsf/nfO{ w]/} ufx|f] 5 . Sof;]6 l;8Lsf hdfgf uP . cf/=lj=6L= g} k|d'v Joj;fo ag]sf] 5 clxn] . hlt ;fwgf tk:of u/]lg, gfd t 5 t/ bfd 5}g . To;}n] xfd|f /fd|f snfsf/ ljb]lzg' k/]sf] 5 .

$_ snftyf ;flxTosf] ;+aGw s:tf] x'G5 < s'g} klg s'/f gofF, df}lns tyf cfsif{s tl/sfn] ug'{ g} snf xf] . /fd|/L vfgf ksfpg', gfRg', ufpg', 8f]sf] a'Gg' h] klg snf leq k5{ t/ zAb ;fu/ leq v]Ng' g} ;flxTo xf] . ctM ;flxTo snfsf] Pp6f ?k xf] .

%_ ;/sf/sf] tkm{af6 snf tyf ;+uLtnfO{ x]g]{ b[li6sf]0f s:tf] /x]sf] 5 jf s:tf] /xf];\ eGg] rfxg'

x'G5 < /fHon] snfsf/nfO{ uxgf eg]sf] 5 t/ snfsf/sf] lglDt 7f]; gLlt tyf sfo{s|d g} 5}g . xfd|f] b]zdf ef}lts ;DktLsf] ;'/Iff 5 t/ jf}l4s ;DktL / ;h{s k|lt cfFvf lrDn]sf] 5 /fHon] . ;/sf/n] kfO/]:fL /f]Sg] tyf /f]oN6L p7fpg] of]hgf agfpg' k5{ . uLt ;+uLtsf] rf]/L ug]{nfO{ sfg'gL ?kdf bl08t ug{ h?/L 5 . /fd|f tyf cfly{s ?kdf sdhf]/ snfsf/nfO{ nufgL ug'{k5{ .

^_ cfufdL of]hgfx? s]–s] /x]sf 5g\ < uLt ;+uLtd} ;dlk{t x'g] of]hgf 5 . o;sf cnfjf sljtf pkGof; k|sfzg ug]{ of]hgf 5 .

&_ k|jf;df /x]/ cWoogul//x]sfljBfyL{ ;fyLx?nfO{

s] eGg rfxg'x'G5 < hxfF /x] klg hxfF eP klg g]kfnL uLt, ;+uLt, :fflxTo, :f+:s[lt ge'nf}+ eGg rfxG5' . r/L rf/f] vf]Hg hxfF uP klg cflv/df u'F8 g} rflxG5 . To:t} tkfO{x? wg, lzIffsf] nflu hxfF uPlg tkfO{x?sf] u'8 g]kfn g} xf] . k|jf;df /x]/ klg snfnfO{, dnfO{ / d]/f ;[hgf ;'lglbg' ePsf]df wGojfb eGg rfxG5' .

cGtjf{tf{

THE VOICE OF EVEREST • May 201363He who has a why to live can bear almost any how.

-- Friedrich Nietzsche --

Classic Decision Making Process

Th e “classic” decision making process is traceable to John Dewey’s formulation of the problem solving process. With minor variation it can be found in many places. It is the archetype of the rational-analytic approach to problem solving and decision making, the kind that featured prominently in Charles Kepner and Benjamin Tregoe”s book, Th e Rational Manager.

Access

the

Situation

Gather Facts

and Assess

Unknowns

Identify

Alternatives

Establish

Decision

Criteria

Weigh

Alternatives

Select Best

Alternative

Review the

Decision

The Classic Decision Making Process

The Military Model

Th e military model is a variation on the classic model. Th e model that appears to the right is from the U. S. Army War College.

Set Organizational

Goals & Objectives

Develop

Alternatives

Compare/Evaluate

Alternatives

Choose Among

Alternatives

Implement

Decision

Command, Lead &

Manage

Review Goals

& Objectives

Develop New

Alternatives

Corrective

Action

Review/Set New

Goals & Objectives

Information/Mission

Information/Data

Information/Criteria

Information/User Reation

Mintzberg’s General Model of the Strategic Decision Process

Th e most frequently cited model of the decision-making process is one proposed by well-known professor Henry Mintzberg and his colleagues, Raisinghani, and Th eoret (1976)

Mintzberg and his colleagues, Raisinghani, and Th eoret identifi ed three major phases with subroutines or subphases within each. Th ese included the following:

Strategic Decision Models and Characteristics

CA. Rajesh MakkarB.Com.(H), F.C.A

May 2013 • THE VOICE OF EVEREST 64Life is a shipwreck but we must not forget to sing in the lifeboats.

-- Voltaire --

Search Screen

DesignJudgement

Analysis

Bargaining

Authorization

X3 X4 X5 X6

X7X8

X11

New Option Interrupt

X12

External Interrupt

SelectionDevelopment

Recognition

Diagnosis

X1 X2

X9

X10

Internal Interrupt

Indentification

The Identifi cation Phase• Th e Decision Recognition Routine: Opportunities, problems, and crisis are recognized and decisional activity

is evoked.

• Th e Diagnosis Routine: Information relevant to opportunities, problems, and crisis is collected and problems are more clearly identifi ed.

The Development Phase• Th e Search Routine: Organizational decision makers go through a number of activities to generate alternative

solutions to problems.

• Th e Design Routine: Ready-made solutions which have been identifi ed are modifi ed to fi t the particular problem or new solutions are designed.

The Selection Phase• Th e Screen Routine: Th is routine is activated when the search routine identifi es more alternatives than

can be intensively evaluated. Alternatives are quickly scanned and the most obviously infeasible ones are eliminated.

Source: Fred Nickols 2005

Recognition Communicating

Generating

Cla

rify

ing

Comm

itting

Negotiatin

g

Eva

lua

ting

Deciding

Managing

Supporting

THE VOICE OF EVEREST • May 201365Be content to act, and leave the talking to others.

-- Baltasa --

Alok Kejriwal – Founder and CEO, contests to win • If you are determined enough you will learn to

support yourself

Rashesh Shah - Founder Chairman and CEO, Edelweiss• Always make sure your employees are your partners• Make sure you are profi table , otherwise you will

share other people’s dreams and not your own

Ashok Soota – CO-FOUNDER AND CHAIRMAN, MIND FREE CONSULTING• Don’t waste money on a bargain purchase if you

have no immediate use for it, instead, be willing to pay a little extra for a worthwhile deal

Nimesh Kampani –founder Chairman, JM fi nancial • Value of assets goes down

but the liabilities stay with you. Never borrow money for personal needs and don’t ever give guarantees.

• Liabilities are like a taxi meter which keeps running for 24 hours. Th e interest meter runs even when you go off to sleep.

Saha Rukh Khan - Actor• Deserve before you desire the roles you want• Never think of reducing your expenses instead

think of ways to increase your income. Th e time and energy you spend on trying to plug holes, if they are spent on thinking of constructive ways to increase your income, will bear better results.

Malvindar Mohan Singh - Group Chairman, Religare and fortis health care• Take bold decision and see them through

Krian Mazumdar-Shaw Chairman and MD, Biocon• Failure is temporary, it is giving up that’s permanent.

So try and convert every failure into success and

you won’t feel like, your world has come crashing down.

Piyush Pandey – Executive chairman and creative director, Ogilvy south Asia• In cricket to down 53 for 6 is a problem for ordinary

people but an opportunity for stars• Take your work seriously but don’t take yourself

too seriously and enjoy your life

Shantanu Prakash- Executive Chairman and MD, Educomp solution ltd• Be focused during times of crisis and use crisis as

opportunity to become stronger• Going back to the “core” always bring clarity and focus

N. Shankar- Chairman, Sankar group• All management decision ultimately boiled down to common sense and logic• Whatever was compared by a letter was what the recipient understood in reading it, not what writer intended to convey

Javed Akhtar - Poet• No work is insignifi cant, the worker maybe. Th e

security is in your excellence, not in the job

Aamir khan - Actor• When you are faced with situation where you may

go wrong, but even so, if you follow your heart, it’s always better to go wrong on your own instincts than an anybody else’s.

Janished J. Irani - Director, TATA sons• Out of every ten men who are born in this world,

nine worked for the tenth. So prepare yourself to be the tenth.

Dr. A.P.J Abdul Kalam-Former president of India• My work would be fruitful only if I tried to prevent

the use of what I had created gave a new mean ing to my life.

Life Principles of Some Successful Persons

CA. Bal Chandra Shrestha “Prawaha”

May 2013 • THE VOICE OF EVEREST 66People seem not to see that their opinion of the world is also a confession of character.

-- Ralph Waldo Emerson --

Early History

Accountancy’s existence can be traced back to the earliest days of human agriculture and civilization (the summaries in Mesopotamia, and the Egyptian Old Kingdom). Ancient economic thought of the Near East facilitated the creation of accurate records of the quantities and relative values of agricultural products, methods that were formalized in trading and monetary systems by 2000 BC. Accounting is mentioned in the Christian Bible (New Testament) in the Book of Matthew, in the Parable of the Talents. Th e Islamic Quran also mentions accounting for trade and credit arrangements.

In the twelveth-century A.D., the Arab write, Ibn Taymiyyah, mentioned in his book Hisba (literally, “verifi cation” or “calculation”) detailed accounting systems used by Muslims as early as in the mid-seventh centuryA.D. Th ese accounting practices were infl uenced by the Roman and the Persian civilizations that Muslims interacted with. Th e most detailed example Ibn Taymiyyah provides of a complex governmental accounting system is the Divan of Umar, the second Caliph of Islam, in which all revenues and disbursements were recorded. Th e Divan of Umar has been described in detail by various Islamic historians and was used by Muslim rulers in the Middle East with modifi cations and enhancements until the fall of the Ottoman Empire.

Modern Accountancy : Luca Pacioli

Luca Pacioli (1445 - 1517), also known as Friar Luca dal Borgo, is credited for the “birth” of accountancy. His Summa de arithmetica, geometrica, proportioni et proportionalita (Summa or arithmethic, geometry, proportions and proportionality, Venice 1494), was a textbook for use in the abbaco schools of northern Italy, where the sons of merchants and craftsmen were educated.

History of Accountancy

CA. Ranjay Kumar Mishra (Mob. : 9911986815)

E-mail: crnmishra@gmail.com

It was a compendium of the mathematical knowledge of his tme, and includes the fi rst printed description of the method of keeping accounts that Venetian merchants used at that time, known as the double-entry accounting system. Th e treatise, Delia Mercatura et del Mercante Perfetto (Of Trading and the Perfect Trader), by Italian author Benedetto Cortrugli is the fi rst known work on double-entry book keeping. He described how the “perfect merchant” should keep tract of his transactions in a rational way so as to achieve a profi t. Although this work was not published for more than a century, Pacioli was familiar with the manuscript and credited Cotrugli wth originating the double entry method. Th ough Benedetto Cotrugli wrote the book in 1458 but is was not published until 1573 and so Pacioli’s book may be regarded as fi rst published text, and he is widely regarded as the “Father of Accounting”.

Th e system he published included most of the accounting cycle as we know it today. He described the use of journals and ledgers, and warned that a person should not go to sleep at night until the debits equalled the credits. His ledger had accounts for assets (including receivabls and inventories), liabilities, capital (owner’s equity), income and expenses - the account categories that are reported on an organization’s balance sheet and income statement, respectively. He demonstrated year-end closing entries and proposed that a trial balance be used to prove a balanced ledger. He treatise also touches on a wise range of related topics from accounting ethics to cost accounting.

Post-Pacioli

Th e fi rst known book in the English language on accounting was published in London, England by John Gouge (or Gough) in 1543. It is described as a Profi table Treatyce called the instrument or Boke to learn to know the good order of the kepyng of the famous reconynge, called in Latin, Dare and Habere, and, in English, debtor and Creditor

THE VOICE OF EVEREST • May 201367Th e only true wisdom is knowing that you know nothing.

-- Socrates --

A short book of instructions was also published in 1588 by John Mellis of Southwark, England, in which he says, “I am but the renuer and reviver of an ancient old copies printed here in London the 14 of August 1543; collected, published, made, and set forth by one Hugh Oldcastle, Schoolmaster, who, as reappeared by his treatise, then taught Arithmetics, and this booke in Saint Ollaves parish in Marko Lane.” Mellis refers to the fact that the principle of accounts he explains (which is a simple system of double entry) is “after the former of Venice”.

A book described as Th e Merchants Mirrour, or directions for the perfect ordering and keeping of his accounting formed by way of Debitor and Creditor, after the (so termed) Italian manner, by Richard Daff orne , accountant, published in 1635, contains many references to early books on the science of accountancy. In a chapter in this book, headed “Opinion of Book-keeping’s Antiquity,” the author states, on the authority of another writer, that the form of book-keeping referred to had then been in use in Italy about two hundred years, “but that the same, or one in many parts very like this, was used in the time of Julius Caesar, and in Rome long before.” He gives quotations of Latin book-keeping terms in use in ancient times, and refers to “ex Oratione Ciceronis pro Roscio Comadeo”, and he adds :

“Th at the one side of their booke was used for Debitor, the other for Creditor, is manifest in a certain place, Naturalis Historiae Plinii, lib. 2, cap. 7, where hee, speaking of Fortune, saith thus :

Huic Omnia Expensa.

Huic Omnia Feruntur accepta et in tota Ratione mortalium sola.

Utramque Paginan facit.”

An early Dutch writer appears to have suggested that double-entry book-keeping was even in existence among the Greeks, pointing to scientifi c accountancy having been invented in acient times.

Th ere were several editions of Richard Daff orne’s book - Th e second edition in 1636, the third in 1656, and another in 1684. Th e book is a very complete treatise on scientifi c accountancy, beautifully prepared and containing elaborate explanations. Th e numerous editions tend to prove that the science was highly appreciated in the 17th century. From this time on,

there has been a continus supply of literature on the subject, many of the authors styling themselves accountants and teachers of the art, and thus proving that the professional accountant was then known and employed.

Origin in India

Ancient India is a prime example of a culture whose accounting practices merit more attention due to their complexity and innovation. Looking back at Indian history, one fi nds that the art and practice of accounting were present in India even in Vedic times Th e Rig Veda has references to accounting and commercial terms like kraya (sale), Vanij (merchant), sulka (price). As Prof. Max Mueller observed.

“Whatever sphere of the human mind you may select for your study, whether be it language, or religion, or mythology, or philosophy, whether be it laws or customs, primitive art or primitive science, everywhere you have to go to India, whether you like it or not, because some of the most valuable & most instructive materials are treasured up in India, & in India only.

Th ere is very clear evidence of the highly developed Hindu accounting tradition in “Arthashastra” written by Kautilya (also known as Chanakya and Vishnugupta) around 300 B.c. when literally translated, it means “Scripture of Wealth”. Th ough it focuses on creation and management of wealth, it is a masterprice covering a wide range of topics like statecraft, politics, warfare, law, accounting systems, taxation, fi scal policies, civil rules, internal and foreign trade etc.

It contains particulars of business of keeping up accounts in the offi ce of accountants. It contains matters which should be recorded, registers to be maintained, system of examination of accounts it also provided methods of detection of what is embezzled by government servants out of state-revenue; examination of the conduct of Government servants; the procedure of forming royal writs; the superintendent of the treasury; examination of gems that are to be entered into the treasury; and even details of punishments for default.

Th e Arthashastra includes

i. Various types of income (including aspects of accounting for price changes, price-level changes,

May 2013 • THE VOICE OF EVEREST 68

the distinction between what is now called real and fi ctitious holding gains, etc.)

ii. Classifi cation of expenditures or costs (including possibly fi xed vs. variable costs); and

iii. Notions of assets, debts and capital

Experts say that the depth of arithmetic knowledge displayed in Kautilya’s work demonstrates that the prerequisites for the establishments of the discipline of accounting existed in India. In addition to bookkeeping rules, Kautilya developed :

i. Procedures for preparing periodic income statements and budgets

ii. Performing independent audits.

iii. Method of segregation of duties between Treasurer and a Chief Comptroller-Auditor where the Treasurer managed assets, while the Comptroller-Auditor handled the maintenance of the Records Offi ce, the maintenance of records, compilation of rules, inspection, audit, and preparing and presenting fi nancial reports to the king.

He also recommended :

i. Th e king not consults with any advisor who had a vested interest in the outcome of a particular project.

ii. Establishment of an ethical code of conduct - a topic which has received a great deal of attention now during the past few years after corporate scandals.

iii. Th e codifi cation of accounting rules into one uniform system to prevent problems in translating fi nancial data between disparate methods of accounting - a subject which the international accounting community is dealing with in terms of the convergence of accounting standards.

Th us, not only was India practicing a sophisticated system of accounting nearly a millennium before Pacioli’s book was written but the methods were so advanced that accountants are depending on it to solve contemporary issues like confl icts of interest and convergence of accountng standards.

“Don’t spend time beating on a wall hoping to transform it into a door.” So give up. Just give up.

When we think about being successful or achieving success, we often focus on the skill and habits we should add to our lives. But sometimes the key of success actually lies in our ability to giving up some certain habits and behavior.

We should not be right to any point because the world itself is a dynamic, so we have to maintain precaution on certain factors, that’s what we called it as a moral of life. Never cry for your past but always be learner of your past and learn to implement it in your life.

To be successfully bound just give up. Sometimes giving up is not to become a loser.

• Give up the habit of waiting: Th e way you spend your time defi nes who you are. You don’t get to choose how you are doing to die or when; you can only decide how you are going to live right now, so stop waiting the best moment to move on.

• Give up past but learn lesson: You cannot rewind your past and cannot correct if. But you can start from today and have a happy ending, so to make a happing ending just learn a lesson from past and correct those mistakes in future.

• Give up trying to be perfect: Sometime we try to show the world that we are fl awless in hopes that will be liked and accepted be everyone. But we can’t please everyone and we shouldn’t try too. Th e beauty lies in our vulnerability, our love our complex emotion, so give up trying to be perfect.

• Give up the doing things you know are wrong. Nothing is more damaging to you than doing something that you believe is wrong. Your beliefs alone don’t help you grow the thrive, your behavior and action do. So always do what you know in your heart is right for you.

Give Up

Bikash ThakurKathmandu, Nepal

A friendship founded on business is a good deal better than a business founded on friendship.

-- John D. Rockefeller --

THE VOICE OF EVEREST • May 201369If you keep saying things are going to be bad, you have a chance of being a prophet.

-- Isaac B. Singer --

1. Sir, heartiest congratulations on being elected as an executive member of NIRC. Being the apex body in the Northern region, how do you see this institution in the years to come?

- Th ank you so much, As we look to the economy of the Country and cross border demand of the professionals we can really understand that this profession and Institution will reach to the next level in the years to come.

2. The ever increasing number of chartered accountant students has boosted the popularity of this Institution. Is it so? How is the feedback of the students with regard to the development in this Institution?

- Yes, of coursewith the increase in the strength of the students in this professional course, the popularity has grown with. If we really see this profession it has a contribution in the Nation Building and more so with the kind of curriculum it has, there is an inbuilt strength in this course to gain greater knowledge which makes everyone from this profession a good service provider and add value whatsoever they do for corporate or otherwise.

- As far as the feedback with regard to development is concerned, wehave a mix kind of feedback from the students. Some gives very encouraging feedback and some are normal. But this is for sure that this profession gives satisfaction not only monitory but also recognisition wise.

3. After passing the intermediate (group 1 or group 2), students enroll for Articleship. Few lucky ones are placed well in good fi rms while a major chunk is stranded behind, dubious of which fi rm to join and its value. What is your opinion in this regard?

- If we look at the overall scenario of the professionals in practice, we have proprietorship and partnership fi rms and under the same some are big who serves to the large corporate and some serves to small and medium business community. Th is is right that everyone can not have the opportunity to join the big fi rms but there are

no. of small fi rms who with their systematic forward looking approach they grow. Articles should not only have concern about the level of clients associated with fi rms rather they should look towards the professional approach of fi rm.

4. It is inevitable for CA students to take coaching classes. The private institution teachers charge heavy fees. Does it bother the council? What do you think about its alternate?

- Th e chartered accountancy course is designed in such a way that students get theoretical knowledge of subjects along with practical training exposure also. Study material are designed in such a way that students can have that knowledge through self study. In addition to the study material ICAI has very recently launched the facility of e-learning also. Further Regional council and various branches are also organising classes. However it is very true that private institution are charging very high and all students cannot aff ord heavy fees. Th ey are commercial coaching centres. To my view self study backed by the aff ordable classes of the diff erent wings of the ICAI and e-learning modules are more advantageous than private coaching.

5. What is the reason for the fl uctuation of result at every level? Is the performance of students enhancing or the institution being lenient?

- As the question relates to examination and results, I will not be able to off er any comments on it. Th ough I am of the opinion with the awareness and competition involved, students over a period of time have understood that nothing can move without hardwork, vision, determination and discipline. Hence the sincerity and seriousness has come in the students and that may be one of the reason of the better results.

6. Indian economy is an emerging one and looks to rebound in 2013. Is market condition favorable to welcome CA’s with good pay packages?

- It is very true that the Indian economy is an emerging economy and has witnessed unprecedented levels of economic expansion and cross border transactions. India’s manufacturing base and service sector has grown

Interview with CA. Hans Raj Chugh,an Executive Member of NIRC of ICAI

May 2013 • THE VOICE OF EVEREST 70Success consists of doing the common things of life uncommonly well.

-- Unknown --

with a good speed. However to my view the situation as on date and in the very near future in 2013 seems to be not very encouraging. Chartered Accountants always been a front runner in the demand but as the demand has been little bit slow in the market hence the CAs with good managerial skill and having good practical exposure during articleship will only be welcomed by the market and packages will not be an issue for them.

7. How you look forward for increasing an amount of stipend which they are receiving seems to be so marginal?

- Our ICAI through Board of Studies from time to time evaluates the need to increase the stipend. If you personally ask me I will simply say that it has to be revised but at the same time one should not ignore the fact that stipend is only a token amount. It has nothing to do with your performance nor it should be considered as a salary. During the articleship period the focus should be on training and learning with an understanding and utilising the learning for the value additions for the clients and for the organisation where you are getting the training. After the completion of training and course your eff orts will ripe into handsome rewards and package also.

8. A considerable percentage of CA students residing in Laxmi Nagar are from Nepal. They have formed a group named “Hatemalo Nepali Student Group” which signifi es their unity and cooperation in the fi eld of CA. They organize meetings, conferences and extra-curricular activities among CA students .They have just have a meeting with NIRC Chairman also. What do you have to say about this? How do you feel to have a meeting with Nepali Students Group?

- I am of the fi rm opinion that any group, if it is formed with an objective and all actions are being taken to fulfi ll that objective like knowledge sharing and helping each other whenever any group member needs it etc.,this will

go a long way. Th ere is an established fact that “Unity is the Strength” and once the group is united and have a clear vision then it will create the history. Th is a great step undertaken by the CA Students from Nepal and I hope that all actions taken with the right perspective for the unity, togetherness and co-operation amongst the group members will make this group to grow with leaps and bounds. I am sure that the group will follow the spirit of its name i.e. hand to hand.

- I feel honored whenever any group of students meet me for any discussion or issues of the students.. Recent meetings with the delegates from HNSG and your invitation to join on the programme to celebrate the Nepali New Year was a great honor for me. I assure you that whenever you need me or any support is required feel free to call or meet me.

9. A number of fi rms in Delhi have stopped taking Nepali students as an article and in their vacant post; even though they are meritorious. It is really disappointing them. Do you have any recommendation for them?

- I am not aware of any such kind of discrimination has been made by the members but as the normal system recommendation matters while engaging articles. I am of the view that this kind of conduct should not be there of the members. You have brought this issue in my notice, as I keep on meeting many practicing CA’s, I will request them to engage Nepali students also on the basis of their merits.

10. A fi nal word for future CA’s…………..- In order to have the world class competencies and create

in you a quality of a global professionals, you all have to follow the path of hard work, vision, determination and discipline with human values and dignifi ed virtues.

11. Our group feels so thankful to have a talk with you. Thank you so much.

- My Pleasure.

(Disclaimer: Opinion given above are my personal and interview given are in my personal capacity and not on behalf of NIRC of ICAI.)

CA CPT CLASSES

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F-6, 3rd Floor, Above CA Library, Vijay Chowk, Laxmi Nagar, Delhi – 110092

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Glimpses of HNSG, 2013

Special guest and Guest of Honors at “New Year Greetings Program, B.S. 2070” Cultural Counselor from Nepal Embassy handing “Certifi cate of Appreciation” in

“Blood Donation Campaign”, 2013 A.D.

Holi Celebration, 2013 A.D. New Year Greetings Program, B.S. 2070

Student donating blood at “Blood Donation Campaign”, 2013 A.D. His Excellency President of Nepal, Dr Rambaran Yadav with HNSG Souvenir 2011-12 at

Nepal Embassy, India

Volunteers of “Blood Donation Campaign”, 2013 A.D. New Year Picnic Celebration, 2013 A.D.

Glimpses of HNSG, 2013

New Year Picnic Celebration, 2013 A.D. Chief Guest and Guest of Honors of “Blood Donation Campaign, 2013”

Holi Celebration, 2013 A.D. Handing over our T-Shirt to NIRC Chairman CA. Vishal Garg

HNSG Members in Holi T-Shirt, 2013 A.D. Holi Celebration, 2013 A.D.

New Year Picnic Celebration, 2013 A.D. Holi Celebration, 2013 A.D.

Glimpses of HNSG, 2013

Chief Guest and Special Guest alongwith HNSG President at

Blood Donation Campaign, 2013 A.D.First AGM of HNSG, 2010 A.D.

Interaction with Nepal’s top Political Leaders and Intellectuals at Laxminagar, 2013 A.D. Nagaland Ex-Police Commissioner at Holi Celebration, 2013 A.D.