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The economy of Nepal is a developing category and is largely dependent on agriculture and remittances. [6] Until the mid-20th century Nepal was an isolated pre-industrial society, which entered the modern era in 1951 without schools, hospitals, roads, telecommunications , electric power, industry, or civil service.
Economic collapse, also called economic meltdown, is any of a broad range of poor economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death ...
The COVID-19 pandemic in Nepal was part of the worldwide pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The first case in Nepal was confirmed on 23 January 2020 when a 31-year-old student, who had returned to Kathmandu from Wuhan on 9 January, tested positive. [ 3 ]
Panic of 1819, a U.S. recession with bank failures; culmination of U.S.'s first boom-to-bust economic cycle; Panic of 1825, a pervasive British recession in which many banks failed, nearly including the Bank of England; Panic of 1837, a U.S. recession with bank failures, followed by a 5-year depression; Panic of 1847, United Kingdom
Prime Minister Pushpa Kamal Dahal called the vote in Nepal's lower house of parliament after a minor party in his coalition broke apart and its members withdrew support from the government.
Nepal has more than 50% of people engaged in agriculture. Food grains contributed 76 percent of total crop production in 1988–89. In 1989-90 despite poor weather conditions and a lack of agricultural inputs, particularly fertilizer, there was a production increase of 5 percent.
At least 66 people have been killed in Nepal since early on Friday as persistent downpours triggered flooding and landslides, closing major roads and disrupting domestic air travel, officials said ...
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