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Nepal’s Prime Minister Pushpa Kamal Dahal was in talks with two opposition parties to form a new coalition on Monday, citing difficulties with his present ally, the centrist Nepali Congress ...
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.
Nepal is a country enclosed by land, situated between China and India. It has a total area of 148,006.67 square kilometers and a population of 29.16 million. [1] It has a small economy, with a GDP of $42 billion in 2024, amounting to about 1% of South Asia and 0.04% of the World's GDP.
The 2015 India Blockade of Nepal, which began on 23 September 2015 and lasted about six months, was an economic and humanitarian crisis that severely affected Nepal and its economy. Nepal has accused India of imposing an undeclared blockade [ 1 ] triggered by Indian concern about changes to the Nepali constitution, violent ethnic conflict, and ...
Business and economy Constitutional crisis in Somalia , Transport in Somalia The Somali Airlines Operators Association, representing at least 20 airlines, suspends all flights beginning on January 22, 2025, in protest against increased government-imposed fees after disputes with the Ministry of Aviation and the Somali Civil Aviation Authority .
Protests against the political and economic situation drew an estimated 100,000 to 200,000 in Nepal's capital Kathmandu and 5 million in the entire country. [ 9 ] An alliance of seven political parties developed a coalition government, abolished the monarchy and signed a peace agreement with Maoist insurgents in 2006. [ 18 ]
Nepal has been a recipient of foreign assistance since 1952 when it joined the Colombo Plan for Cooperative, Economic, and Social Development in Asia and the Pacific. The plan was established, under a slightly different name, by the Commonwealth of Nations in 1951. During the 1950s, many Nepalese received scholarships through the Colombo Plan ...
Nepal and India share an open border with free movement of people, religious, cultural and marital ties. India is Nepal's largest trading partner, which it depends upon for all of its oil and gas, and a number of essential goods. Nepalis can own property in India, while Indians are free to live and work in Nepal. [162]