|Non-retail synthetic staple fibers yarn|
|Synthetic filament yarn woven fabric|
Nepal is a landlocked country between India and China with a land area of 147,181 km2 in South Asia, shares its border with Bangladesh, and Kathmandu is its capital and the largest city.
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 developing country with a GDP growth rate of 7.5% (2017y) and its GDP was 24.47 billion USD.
Tourism: Trekking is a quiet popular city and others such as Helambu region, the Mount Everest, Langtang Region, Chitwan National Park, Boudhanath Stupa…
Religion: The principal and official language of Nepal is Nepali. A vast majority of the population is Hindu, with a small percentage of Buddhists or other religious faiths. Gautama Buddha, the founder of Buddhism, was born in Lumbini in southern Nepal.
Culture: The cultural heritage of Nepal, particularly contributions made by the Newar of Kathmandu Valley to sculpture, painting, and architecture, are sources of great pride.
Financial institutions in Nepal mainly include the Central Bank viz. the Nepal Rastra Bank, the commercial banks, development banks, finance companies, and micro-credit development banks. The existing legal framework and institutional structure in Nepal are not conducive to overall the financial and private sector development and need some improvement.
Over the past 20 years, Nepal’s financial system has become more extensive and consequently, the number and types of financial intermediaries have expanded quickly. Besides, recent reforms have made banks more stable, yet the access to financial services remains limited for many people, and in recent years it has been declining. During the last 40 years, the government of Nepal has tried much to increase the access to formal financial services for small business and low-income households.
The government has introduced directed lending programs for small businesses and low-income households, and it has required/encouraged banks to open branches outside Kathmandu Valley. Also, it has created specialized wholesale and retail institutions and lowered market entry to promote the development of different types of financial institutions.
|Agriculture||Pulses, rice, corn, wheat, sugarcane, jute, root crops & milk.|
|Manufacture||Carpets, garments, textiles, leather products, paper and cement, steel utensils, cigarettes, beverages and sugar.|
|Services (Including financial)||48.7% (2013 estimate)|
|Agriculture Development Bank Limited||Banking|
|Nepal Bank Limited||Banking|
|Nepal Oil Corporation||Oil|
|Verisk Information Technologies||IT|
|Non-retail synthetic staple fibers yarn|
|Synthetic filament yarn woven fabric|
The Nepal Stock Exchange Limited is the only stock exchange of the country, is in Kathmandu, and NEPSE came into existence on 13th January 1994.
The primary objective of the NEPSE is to teach free marketability and liquidity to the government and corporate securities by facilitating transactions in its trading floor through members, market intermediaries, such as a broker, market makers, etc.
The history of the securities market started with the flotation of shares by Biratnagar Jute Mills Ltd. and Nepal Bank Ltd. in 1937. Introduction of the Company Act in 1964, the first issuance of Government Bond in 1964 and the institution of Securities Exchange Center Ltd. in 1976 were other prominent development associating with capital markets. Securities Exchange Center was established to facilitate and promote the growth of capital markets.
There are total 245 companies listed on the NEPSE as of 2019, and its market capitalization is about $12.779 billion USD. The most popular stocks are:
The Nepalese economy was slightly affected by global financial crisis. The effect was mild because the country’s financial market is least integrated with the global financial market. As such, there was no direct effect like sudden decline in GDP, drop in income level and employment rate, and collapse of financial institutions, among others. Nevertheless, Nepal had suffered decrease in tourism receipt, foreign aid commitments from developed economies, and export to developed economies.
The effect of crisis on remittances inflow to Nepal was not damaging. However, the growth rate of remittance inflow had deteriorated during and after the crisis period. The effect of global financial crisis on Nepalese export did not have any significant negative impact upon the economy. Despite an increasing trend of export, the growth rate of export had decreased from third quarter of 2009 till second quarter of 2010 due to global financial crisis. Foreign direct investment (FDI) had significantly decreased during the crisis period. However, it has substantially increased following the crisis period partly due to steady recovery from financial crisis in developed economies over the years.
It began on 23rd September 2015, was an economic and humanitarian crisis which severely affected Nepal’s economy. Nepal had blamed India of inflicting an undeclared blockade, even India refused the accusations, stating that the supply shortages had been imposed by Madheshi protesters within Nepal.
Being a landlocked nation, Nepal imported all of its petroleum supplies from India, nearly 300 fuel trucks entering from India everyday. But, it shrunk to a random passage of 5–10 fuel trucks daily since the start of the crisis, though shipments of perishables had been allowed to pass, like fruits and vegetables. Moreover, India had also been stopping Nepalese trucks at the Kolkata harbour. The blockade stopped imports of petroleum, also medicines and earthquake relief material.
After the Nepal earthquake 2015, because of severe damages and obstructions, China had donated 1.3 million liters of petrol to Nepal after the fuel crisis through the Kerung border point. On 28 October, the Nepal Oil Corporation and PetroChina signed an agreement to import fuel from China, the first fuel agreement ever between the two nations. China also pledged to donate 1,300,000L of fuel to Nepal, and Nepal is planning to import a third of its demand of fuel from China.
The first civilization in Nepal, which thrived around the 6th century B.C., was situated at the fertile Kathmandu Valley, where the present-day capital city of the same name is located. It was in this region that Prince Siddhartha Gautama was born c. 563 B.C. Gautama achieved enlightenment as Buddha and spawned Buddhism.
Nepali rulers' early patronage of Buddhism largely gave way to Hinduism, reflecting the increased influence of India, around the 12th century. Though the consecutive dynasties of the Gopalas, the Kiratis, and the Licchavis expanded their rule, it was not until the reign of the Malla kings from 1200–1769 that Nepal thought the estimated dimensions of the modern state.
The kingdom of Nepal was integrated in 1768 by King Prithvi Narayan Shah, who had escaped India following the Moghul invasions of the subcontinent. Under Shah and his successors, Nepal's borders expanded as far west as Kashmir and as far east as Sikkim (now part of India). A commercial agreement was signed with Britain in 1792 and again in 1816 after more than a year of conflicts with the British East India Company.
In 1923, Britain identified the absolute independence of Nepal. Between 1846 and 1951, the country was ruled by the Rana family, which always held the office of prime minister. In 1951, however, the king took over all authority and declared a constitutional monarchy. Mahendra Bir Bikram Shah became king in 1955. After Mahendra died of a heart attack in 1972, Prince Birendra, at 26, succeeded to the throne.
In 1990, a pro-democracy movement forced King Birendra to lift the ban on political parties. The first free election in three decades provided a victory for the liberal Nepali Congress Party in 1991, although the Communists made a strong display. A small but growing Maoist guerrilla movement, seeking to overthrow the constitutional monarchy and install a Communist government, began operating in the countryside in 1996.
On June 1, 2001, King Birendra was shot and killed by his son, Crown Prince Dipendra. Angered by his family's disapproval of his choice of a bride, the crown prince also killed his mother and several other members of the royal family before shooting himself. Prince Gyanendra, the younger brother of King Birendra, was then crowned king, the world’s last Hindu King.
The monarchy was finally abolished on 28 May 2008 by the 1st Constituent Assembly. The subnational monarchies in Mustang, Bajhang, Salyan and Jajarkot were also abolished in October.
Prithvi Narayan Shah
Nepalese Rupee is the primary currency unit of Nepal. The Nepalese rupee is subdivided into 100 paisa. The Nepalese rupee was introduced in 1932, when it replaced the Nepalese mohar at the rate 2:1.
Rupees of the Nepal and Pakistan's amount is same. The early banknotes which were issued between 1945 and 1955 during the rule of King Tribhuvan were not put into circulation by a Central Bank which did not exist in Nepal at that time.
The issuing authority was the treasury which had the name Sadar Muluki Khana. Therefore, the notes of king Tribhuvan were not signed by a bank governor, but by a Kajanchi (head of the treasury) who was a high Hindu priest at the same time. Nepal’s early paper currency probably includes the only notes of the world which were signed by a high priest.
These early notes were printed by the Indian Security Press in Nashik and do not have any security features, except for the watermarks and the special paper on which they are printed.
Starting with King Mahendra who succeeded to his father Tribhuvan in 1955, the banknotes were issued by Nepal Rastra Bank (Nepal National Bank) which was founded in April 1956. The signature of the governors of this institution is found on the banknotes which were issued after this date.
Under King Mahendra, the Nepalese Government became “His Majesty’s Government” and remained this way during the rule of Birendra and Gyanendra. Two series of banknotes were issued during the rule of king Mahendra: The first series shows the king in civilian clothes wearing the Nepalese “topi” while on the notes of the second series the king is shown in military uniform. The second series comprised for the first-time notes of the high value of 500 and 1000 rupees.
Today, the NPR's coins are denominated in units of 1, 2, 5, 10, 25, and 50 paisa. The banknotes are denominated in units of 5, 10, 20, 50, 100, 500, and 1,000 paisa. The most recent series of banknotes, released in 2012, feature images of Mount Everest along with other local symbols of natural and cultural significance.
|National Song||"Sayaun Thunga Phool Ka"|
|Currency||Nepalese rupee (NPR)|
|GDP / GDP Rank||71.525 Billion USD|
|GDP Growth Rate||3.4 Percent|
|GDP Per Captial||$2478.939 (PPP)|
UTC+05:45 (Nepal Time)
< 1.0% Christians
< 1.0% Jews
< 1.0% Other Religions
President – Bidhya Devi Bhandari
Prime Minister – Khadga Prasad Oli
|Website||Go to the web|
|Public Debt||27.27 Percent|
|Unemployment Rate||3.213 Percent|
|Labor Force (Occupation)||-|