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World Factbook - Central News Agency
Later in the eighteenth and early nineteenth century, the Duchy of Gorkha unified many of the other Duchies and states of the sub-Himalayan area into one Nepalese kingdom. After the 1814-16 Anglo-Nepalese war, Nepal maintained its autonomy and the ensuing treaty established two hundred years of friendly ties between Britain and Nepal.
The Nepalese sovereign ended the centuries-old system of power in 1951 with inherited premieres and introduced a system of cabinets that introduced governing power to governing factions. This regulation continued until 1960, when the banning of party politics was resumed, but was reintroduced in 1990 with the creation of a multi-party democratic system within a constitution.
This was followed by a 10-year long Maoist and intergovernmental conflict which saw the break-up of the Maoist cabinets and parliaments and the regaining of total authority by the Emperor in 2002. In 2006, a peacemaking agreement resulted in the proclamation of a transitional treaty in 2007. After a national Constituent Assembly (CA) elections in 2008, the new CA proclaimed Nepal a federation democracy, repealed the empire and voted for the country's first ever presidential state.
The CA was disbanded by then Prime Minister Baburam BHATTARAI after the CA neglected to draw up a bill by a May 2012 Supreme Court date. This was followed by month-long talks until March 2013, when the large ruling factions reached an agreement to form a transitional administration under the leadership of then Chief Justice Khil Raj REGMI with a term of office to conduct a new central bank election.
In November 2013, the Nepali Congress won the majority of the CA seat and in February 2014 constituted a governing alliance with the second-placed Communist Party of Nepal, the United Marxist-Leninist Party and the Nepalese Congress President Sushil KOIRALA as Taoiseach. Nepal's new Nepalese constitutional treaty came into force in September 2015 and the CA became parliament.
The Khagda Prasad Sharma OLI was the first premier under the October 2015 to August 2016 constitutional treaty, when a new government under the leadership of Maoist leaders Pustpah Kamal DAHAL (aka "Prachanda") took the lead. Municipal ballots were first held in three stages in 20 years between May and September 2017, while the state and Bundestag ballots were held in two stages in November and December 2017.
OLI was ousted as PM in February 2018 by a government alliance headed by OLI and DAHAL. Previously, OLI was elected PM in February 2018. ý Demographic pyramid: improved: unimproved: improved: improved: unimproved: Some one-fourth of Nepal's people live below the poorest point. The Nepalese economy is highly reliant on credit transfers, which account for up to 30% of GNP.
While Nepal has concluded trading and investments treaties with India, China and other nations, the country's lack of security and a challenging economic environment have hindered international investments. In September 2017, the United States and Nepal ratified a $500 million Millennium Challenge Corporation Compact that will extend Nepal's power supply and help keep its transport intact.
In early 2015 there were huge seismic events in Nepal that caused damage or destruction to infrastructures and houses and affected the country's economy. Despite the fact that stalemate in politics and shortage of capacities have hampered relief after the quake, state-run rehabilitation activities have gradually gained momentum, although little aid has been provided in many affected areas. Further stumbling blocks to Nepal's expansion are its inland geographical position, uneven power supplies and under-developed transport inland.