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Nepal, formerly the Federal Democratic Republic of Nepal is a landlocked country in South Asia. It is mainly situated in the Himalayas, but also includes parts of the Indo-Gangetic Plain, bordering Tibet of China to the north, and India in the south, east, and west. Nepal has a diverse geography, including fertile plains, subalpine forested …

Remittances have become a significant source of foreign exchange as well as funds for small business start-ups and expansion and consumption spending of recipient households in developing countries like Nepal. Accordingly, it is expected that remittances would contribute to economic development. Recent data suggests that remittances has contributed around 28%. in Nepal’s annual GDP. Remittance in Nepal …

Nepal, long under the rule of hereditary prime ministers favouring a policy of isolation, remained closed to the outside world until a palace revolt in 1950 restored the crown’s authority in 1951; the country gained admission to the United Nations in 1955. In 1991 the kingdom established a multiparty parliamentary system. In 2008, however, after a decadelong period of violence and turbulent negotiation with a strong Maoist insurgency, the monarchy was dissolved, and Nepal was declared a democratic republic.