Topic: Determinants of the economic development in Nepal Economics Definition A social science that studies‚ how individuals‚ governments‚ firms and nations make choices on allocating scarce resources to satisfy their unlimited wants. Economics can generally be broken down into: macroeconomics‚ which concentrates on the behavior of the aggregate economy; and microeconomics‚ which focuses on individual consumers. Developing countries / Lower developing countries A developing country‚ also called
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in the banking sectors than previous years because of the reach of the people to the ICT infrastructure and easy availability of its products. The use of ICT has been for long time in the western countries such as USA‚ UK‚ Australia and many more. However‚ the easy access to internet and other smart ICT product has made easier deployment of technology to the developing countries. In the context‚ Nepal is one of the countries who came late in the deployment such new technology in the banking sector
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Chapter I Introduction 1. Background 1. 1. History Nepal Development Bank Limited (NDBL) was established under the Company Act‚ 2053(1997) in Chaitra 6‚ 2054 (March 19‚ 1998). It was the first national level development bank established by the private sector in Nepal. It had commenced its operation since Magh 17‚ 2055(January 31‚ 1999) as per Development Bank Act‚ 2052 (1996). Since Baisakh 21‚ 2063(May 4‚ 2006)‚ it had imparted its services in accordance with Bank and Financial Institution
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nepal Nepal (Listeni/nɛˈpɔːl/ ne-PAWL[5] Nepali: नेपाल [neˈpal] ( listen))‚ officially the Federal Democratic Republic of Nepal‚[6] is a landlocked sovereign state located in South Asia. With an area of 147‚181 square kilometres (56‚827 sq mi) and a population of approximately 27 million (and nearly 2 million absentee workers living abroad)‚[2] Nepal is the world’s 93rd largest country by land mass[7] and the 41st most populous country. It is located in the Himalayas and bordered to the north by
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Nepal is a landlocked country in South Asia‚ between China and India. Although strategically placed between two large well-known countries‚ Nepal happens to be one of the poorest countries in the world. There are over 29 million people inhabiting the country today‚ and one third of which live under the poverty line. Nepal has a GDP per capita of 1‚200 dollars. The mainstay of the economy is agriculture‚ and their main import and export partners are China and India. The Nepali government is categorized
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HISTORY OF BANKING IN INDIA Banking is an old as civilization. The practice of money lending‚ the predecessor of banking has been practiced in india from time immemorial. During the mughal period‚ the indigenous bankers were faintly prominent in financing the trade and use of instrument for trade. The first bank in india‚ through conservative was established in1786. From 1786 until today the journey of Indian banking system can be segregated into 3 distinct phase. They are mentioned below‚ •
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Industrial Profile HISTORY OF BANKING IN INDIA Without a sound and effective banking system in India it cannot have a healthy economy. The banking system of India should not only be hassle free but it should be able to meet new challenges posed by the technology and any other external and internal factors. For the past three decades India’s banking system has several outstanding achievements to its credit. The most striking is its extensive reach. It is no longer confined to only metropolitans
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Structure of the organised banking sector in India. Number of banks are in brackets. Banking in India From Wikipedia‚ the free encyclopedia Banking in India originated in the last decades of the 18th century. The oldest bank in existence in India is the State Bank of India‚ a government-owned bank that traces its origins back to June 1806 and that is the largest commercial bank in the country. Central banking is the responsibility of the Reserve Bank of India‚ which in 1935 formally took
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Least developed countries: Nepal Reforms in 1990 established a multiparty democracy within the framework of a constitutional monarchy. An insurgency led by Maoist extremists broke out in 1996. The ensuing 10-year civil war between insurgents and government forces witnessed the dissolution of the cabinet and parliament and assumption of absolute power by the king. Several weeks of mass protests in April 2006 were followed by several months of peace negotiations between the Maoists and government
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NEPAL GEOGRAPHICAL Nepal is a sovereign nation located in south Asia. Nepal is the world’s 93rd largest country by land mass and it is also the 41st most populous country‚ with a population of approximately 27 million. Nepal is located in South Asia between China in the north and India in the south‚ east and west. While the total land area is 147‚181 sq. km including water area of the country that is 3‚830 sq. km. Nepal is of roughly trapezoidal shape. Nepal is commonly divided into three physiographic
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