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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.
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Five-Year Plans of Nepal generally strove to increase output and employment; develop the infrastructure; attain economic stability; promote industry, commerce, and international trade; establish administrative and public service institutions to support economic development; and also introduce labor-intensive production techniques to alleviate underemployment.
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
Many of the factors that powered a 7% gain for the currency against a basket of peers this year, including relatively robust U.S. economic growth and rising Treasury yields, are expected to ...
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.
In Nepal, the economy is dominated by agriculture. In the late 1980s, it was the livelihood for more than 90% of the population. Although only approximately 20% of the total land area was cultivable. The agricultural sector has remained the backbone of the national economy.
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 ...