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NMC Jhapa
The Nepal Multipurpose Cooperative Society Ltd. ne, नेपाल बहुउद्देश्यीय सहकारी संस्था लिमिटेड was established in 1994 March 8 by 26 Founder Members. It was established first with Shree Bachat Tatha Rin Sahakari Sanstha Li. and received authorization from Nepal Rastra Bank to run Limited Bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...ing transactions. Later, Nepal Multipurpose Cooperative Society Ltd. was added as a name change. References External links * {{Official website, http://www.nmc.coop.np/ Cooperatives in Nepal Banks of Nepal 1994 establishments in Nepal ...
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Cooperative
A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise".Statement on the Cooperative Identity.
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Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. Cooperatives may include: * businesses owned and managed by the people who consume th ...
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Mechinagar
Mechinagar ( ne, मेचीनगर) is a municipality in Jhapa District, Province No. 1, Nepal and is the main entry point from India on Nepal's eastern border. Nepal's custom office is in Kakarvitta ( ne, काँकडभिट्टा), a section of the municipality. The city is almost 475 km south east of the capital city Kathmandu and 115 km east of the state capital of Province One Biratnagar. Origin Mechinagar municipality initially originated by combining Dhulabari ( ne, धुलाबारी) and Kakarbhitta Village Development Committee. The municipality got its first territorial expansion by getting merged with nearby VDCs Bahundangi, Duhagadhi, Jyamirgadhi and Dhaijan in 2073 BS (2017 AD). The population of the expanded city is 131,520 (as of the 2021 census) and its area is 192.52 sq. km. The municipality is the municipality with the highest population in the country. Geographical status The city lies in the most eastern part of Nepal. The city is the ...
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Kakarbhitta
Kakarbhitta (often written and pronounced Kakadbhitta or Kakarvitta) is a neighbourhood in Mechinagar Municipality in Jhapa District of Province No. 1, southeastern Nepal. Demographics At the time of the 1991 Nepal census, Mechinagar had a population of 21,366 people living in 4147 individual households. Transport Kakarbhitta is the eastern terminus of Nepal's east-west Mahendra Highway at the country's eastern border with Darjeeling District, West Bengal state, India. The Panitanki neighborhood of Batasi is on the other side. There is a border checkpoint for customs and third country nationals. Indian and Nepalese nationals cross without restriction. Traffic between Nepal, India and Bangladesh goes through Kakarbhitta. Kakarbhitta is 21 kilometers from Bhadrapur airport (Nepal), 105 kilometers from Biratnagar airport (Nepal) and 21.5 kilometers from Bagdogra Bagdogra is a settlement in the Naxalbari CD block in the Siliguri subdivision of the Darjeeling district, in th ...
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Jhapa
Jhapa ( ne, झापा जिल्ला; ) is a district of Province No. 1 in eastern Nepal named after a Rajbanshi word "Jhapa" meaning "to cover" (verb). The latest official data, the 2021 Nepal Census, puts the total population of the district at 994,090. The total area of the district is 1,606 square kilometres. Location Jhapa is the easternmost district of Nepal and lies in the fertile Terai plains. It is part of the Outer Terai. Jhapa borders with Ilam in the north, Morang in the west, the Indian state of Bihar in the south and the Indian state of West Bengal to the southeast and east. Geographically, it covers an area of and lies on 87°39’ east to 88°12’ east longitude and 26°20’ north to 26°50’ north latitude. Climate and geography Jhapa receives 250 to 300 cm of rainfall a year, and mostly during the monsoon season in the summer, and its hilly northern area receives more rainfall than the south. The maximum temperature recorded is 42 °C ...
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Nepal
Nepal (; ne, नेपाल ), formerly the Federal Democratic Republic of Nepal ( ne, सङ्घीय लोकतान्त्रिक गणतन्त्र नेपाल ), is a landlocked country in South Asia. It is mainly situated in the Himalayas, but also includes parts of the Indo-Gangetic Plain, bordering the Tibet Autonomous Region of China to the north, and India in the south, east, and west, while it is narrowly separated from Bangladesh by the Siliguri Corridor, and from Bhutan by the Indian state of Sikkim. Nepal has a diverse geography, including fertile plains, subalpine forested hills, and eight of the world's ten tallest mountains, including Mount Everest, the highest point on Earth. Nepal is a multi-ethnic, multi-lingual, multi-religious and multi-cultural state, with Nepali as the official language. Kathmandu is the nation's capital and the largest city. The name "Nepal" is first recorded in texts from the Vedic period of the India ...
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President (corporate Title)
A president is a leader of an organization, company, community, club, trade union, university or other group. The relationship between a president and a chief executive officer varies, depending on the structure of the specific organization. In a similar vein to a chief operating officer, the title of corporate president as a separate position (as opposed to being combined with a "C-suite" designation, such as "president and chief executive officer" or "president and chief operating officer") is also loosely defined; the president is usually the legally recognized highest rank of corporate officer, ranking above the various vice presidents (including senior vice president and executive vice president), but on its own generally considered subordinate, in practice, to the CEO. The powers of a president vary widely across organizations and such powers come from specific authorization in the bylaws like ''Robert's Rules of Order'' (e.g. the president can make an "executive decision" on ...
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Chief Executive Officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking offic ...
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Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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Dairy
A dairy is a business enterprise established for the harvesting or processing (or both) of animal milk – mostly from cows or buffaloes, but also from goats, sheep, horses, or camels – for human consumption. A dairy is typically located on a dedicated dairy farm and milk or in a section of a multi-purpose farm (mixed farm) that is concerned with the harvesting of milk. As an attributive, the word ''dairy'' refers to milk-based products, derivatives and processes, and the animals and workers involved in their production: for example dairy cattle, dairy goat. A dairy farm produces milk and a dairy factory processes it into a variety of dairy products. These establishments constitute the global dairy industry, part of the food industry. Terminology Terminology differs between countries. In the United States, for example, an entire dairy farm is commonly called a "dairy". The building or farm area where milk is harvested from the cow is often called a "milking parlor" or "parl ...
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Saving
Saving is income not spent, or deferred consumption. Methods of saving include putting money aside in, for example, a deposit account, a pension account, an investment fund, or as cash. Saving also involves reducing expenditures, such as recurring costs. In terms of personal finance, saving generally specifies low-risk preservation of money, as in a deposit account, versus investment, wherein risk is a lot higher; in economics more broadly, it refers to any income not used for immediate consumption. Saving does not automatically include interest. ''Saving'' differs from ''savings''. The former refers to the act of not consuming one's assets, whereas the latter refers to either multiple opportunities to reduce costs; or one's assets in the form of cash. Saving refers to an activity occurring over time, a flow variable, whereas savings refers to something that exists at any one time, a stock variable. This distinction is often misunderstood, and even professional economists an ...
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Credit (finance)
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French crédit (15c.) "belief, trust," from Italian credito, from Latin creditum "a loan, thing entrusted to another," from pa ...
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Remittance
A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. Workers' remittances are a significant part of international capital flows, especially with regard to labor-exporting countries. According to the World Bank, in 2018 overall global remittance grew 10% to US$689 billion, including US$528 billion to developing countries. Overall global remittance is expected to grow 3.7% to US$715 billion in 2019, including US$549 billion to developing nations.
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