no Overall, Nepal’s reduced the number of business reforms to 19 in 2017 compared with previous year’s revised record of 21 reforms. "Sayaun Thunga Phool Ka" (Hundreds of Flowers) All top 10 list of Nepal banks is listed with their interest rates. FAX: yes Nepal Bank Limited. This order was endorsed by government in Feb 2013. St. Marys School. Nepal telephone: consulate(s) general: All suggestions for corrections of any errors about Nepal Economy 2020 should be addressed to the CIA or the source cited on each page. Therefore, federalism was raised as a political agenda against the unitary system after the success of people’s movement II, 2062/063. the Newar people of the Kathmandu Valley and surrounding areas apparently gave their name to the country; the terms "Nepal," "Newar," "Nepar," and "Newal" are phonetically different forms of the same word, Government type: federal parliamentary republic, Capital: The government system is a federal parliamentary republic; the chief of state is the president, and the head of government … The interesting facts of Nepal banks is that they do have good market value in Nepal stock exchange and NEPSE. Lumbini International College, Lagankhel, Patan. note: adopted 2007; after the abolition of the monarchy in 2006, a new anthem was required because of the previous anthem's praise for the king. embassy: National Assembly - percent of vote by party - NA; seats by party - NCP 42, NC 13, FSFN 2, RJPN 2; composition - men 37, women 22, percent of women 37.3% House of Representatives - percent of vote by party - NA; seats by party - NCP 174, NC 63, RJPN 17, FSFN 16, other 4, independent 1; composition - men 185, women 90, percent of women 32.7%; note - total Federal Parliament percent of women 33.5%, Judicial branch: Presence Rank* Impact Rank* Openness Rank* Excellence Rank* 1: 3169: Kathmandu University: 4252: 6100: 3079: 3363: 2: 3804: Tribhuvan University subordinate courts: Lagankhel, Patan, Province No 3, Nepal. amendments: Three, Province No. Nepal is 114th in the overall Prosperity Index rankings. One, Province No. 2730 34th Place NW, Washington, DC 20007 history: It also changed the King's role into one of a constitutional monarch rather than solely a monarch. [1] (202) 667-4550 Government Spending in Nepal averaged 68067.75 NPR Million from 2000 until 2019, reaching an all time high of 114598 NPR Million in 2019 and a record low of 35785 NPR Million in 2000. PILLAR RANKINGS. president indirectly elected by an electoral college of the Federal Parliament and of the state assemblies for a 5-year term (eligible for a second term); election last held 13 March 2018 (next to be held in 2023); prime minister indirectly elected by the Federal Parliament election results: Over recent years, the presence of online government services has become increasingly common. This ranking was done among those colleges which are offering BBA programs in Nepal either via National or International Affiliation. (2019), Legal system: English common law and Hindu legal concepts; note - new criminal and civil codes came into effect on 17 August 2018, International law organization participation: has not submitted an ICJ jurisdiction declaration; non-party state to the ICCt, Citizenship: dual citizenship recognized: Nepal Bank Ltd was established in 1937 A.D and is a government-owned bank. residency requirement for naturalization: description: cabinet: Transparency International Nepal. proposed as a bill by either house of the Federal Parliament; bills affecting a state border or powers delegated to a state must be submitted to the affected state assembly; passage of such bills requires a majority vote of that state assembly membership; bills not requiring state assembly consent require at least two-thirds majority vote by the membership of both houses of the Federal Parliament; parts of the constitution on the sovereignty, territorial integrity, independence, and sovereignty vested in the people cannot be amended; last amended 2016 bicameral Federal Parliament consists of:National Assembly (59 seats; 56 members, including at least 3 women, 1 Dalit, 1 member with disabilities, or 1 minority indirectly elected by an electoral college of state and municipal government leaders, and 3 members, including 1 woman, nominated by the president of Nepal on the recommendation of the government; members serve 6-year terms with renewal of one-third of the membership every 2 years) House of Representatives (275 seats; 165 members directly elected in single-seat constituencies by simple majority vote and 110 members directly elected in a single nationwide constituency by party-list proportional representation vote; members serve 5-year terms) [977] (1) 400-7272, Flag description: crimson red with a blue border around the unique shape of two overlapping right triangles; the smaller, upper triangle bears a white stylized moon and the larger, lower triangle displays a white 12-pointed sun; the color red represents the rhododendron (Nepal's national flower) and is a sign of victory and bravery, the blue border signifies peace and harmony; the two right triangles are a combination of two single pennons (pennants) that originally symbolized the Himalaya Mountains while their charges represented the families of the king (upper) and the prime minister, but today they are understood to denote Hinduism and Buddhism, the country's two main religions; the moon represents the serenity of the Nepalese people and the shade and cool weather in the Himalayas, while the sun depicts the heat and higher temperatures of the lower parts of Nepal; the moon and the sun are also said to express the hope that the nation will endure as long as these heavenly bodies telephone: The biggest improvement compared to a decade ago came in Safety & Security. Two, Province No. conventional long form: Government Spending in Nepal increased to 114598 NPR Million in 2019 from 113200 NPR Million in 2018. Its overall score has increased by 0.4 point with improvements in scores for labor freedom and government integrity. 15 years, Suffrage: 18 years of age; universal The first on this list is also the first commercial bank of Nepal. Chicago (IL), New York, Diplomatic representation from the US: The economy is heavily dependent on imports of basic materials and on foreign markets for its forest and agricultural products. time difference: [2][3][4], Learn how and when to remove this template message, List of heads of state by diplomatic precedence, "Cabinet puts seal on new republican state protocol", "Govt okays new republican state protocol", https://en.wikipedia.org/w/index.php?title=Order_of_precedence_in_Nepal&oldid=999247351, Wikipedia external links cleanup from September 2018, Wikipedia spam cleanup from September 2018, Creative Commons Attribution-ShareAlike License, Siblings of the King and next-in-line to Crown Prince, Spouses of the Children of the Crown prince and the siblings of the King, Governor of provinces (within their respective province), Governors of provinces (when outside their respective provinces), Leader of Opposition in the House of Representatives, Leader of Opposition in the National Assembly, Deputy Speaker of the House of Representatives, Deputy Chairperson of the National Assembly, Chief ministers of provinces (within their respective provinces), Former Speakers of the House of Representatives, Former Chairpersons of the National Assembly, Former Chairpersons of the Constitutional Assembly, Cabinet state ministers of the Government of Nepal, Chairpersons of various committees in the House of Representatives, Chairpersons of various committees in the National Assembly, Assistant cabinet ministers of the Government of Nepal, Members and commissioners of constitutional bodies, Members of the National Planning Commission, Chief Secretary of provincial governments, Nepalese Ambassadors to foreign countries, Chiefs of various committees of provincial assemblies, Chief of provincial Public Service Commissions, Former cabinet ministers of the Government of Nepal, Assistant ministers of provincial governments, Additional Inspector Generals of Nepal Police, Additional Inspector Generals of Armed Police Force, Deputy Chief Investigation Officers of Department of National Intelligence, Members of provincial Public Service Commissions, Joint-secretaries of the Government of Nepal, Depty Inspector Generals of Nepal Police, Armed Police Force and Intelligence Department, SSPs of Nepal Police, Armed Police Force and Intelligence Department, Under-secretaries of the Government of Nepal, SPs of Nepal Police, Armed Police Force and Intelligence Department, DSPs of Nepal Police, Armed Police Force and Intelligence Department, Section officers of the Government of Nepal, Inspectors of Nepal Police, Armed Police Force and Intelligence Department, Section officers of provincial governments, The Queen Mother (Surviving wife of the former King), Parents and siblings of the King's Spouse, Parents and siblings of the spouse of the Crown Prince, Parents and siblings of the spouses of the siblings of the King, Cabinet ministers of His Majesty's Government, Chief of Army Staff of the Royal Nepal Army, Chief Secretary of His Majesty's Government, Deputy and Assistant ministers of His Majesty's Government, Chief Judges of Regional Appellate Courts, Lieutenant Generals/General Officers Commanding of the Royal Nepal Army, Additional Cabinet Secretaries/Ministry Heads of Civil Service, Director General of the Royal Nepal Police, Director General of the Royal Nepal Armed Police Force, Ambassadors of the Republic of India and People's Republic of China, Additional/Principal Secretaries of Government departments/Chief Regional Officers, Additional Director-Generals of Royal Nepal Police and Armed Police, Joint Secretaries of Civil Service/Chief Zonal Officers, Brigadier General of the Royal Nepal Army, Inspector Generals/Zonal Police Officers of the Royal Nepal Police and Armed Police, Defence Attaché of Republic of India and People's Republic of China, Deputy Secretaries of Civil Service/Chief District Officers, Senior Superintendents of Police/Battalion Commanders/Chief District Police officers of the Royal Nepal Police and Armed Police Force, Chairmen of Municipalities and Village Councils, Vice-chair of National Planning Commission, Chief Commissioner, Commission for the Investigation of Abuse of Authority, Auditor General, Office of the Auditor General, Chairman, National Human Rights Commission, Attorney General, Office of the Attorney General, General Secretary of Parliament Secretariat, Chief of Department of National Intelligence, Presidents of District Development Committees, Vice-Presidents of District Development Committees, Deputy Inspector Generals of Nepal Police, Deputy Inspector Generals of Armed Police Force, Deputy Inspector Generals of Intelligence Department, Senior Superintendents of Armed Police Force, Senior Superintendents of Intelligence Department, Superintendents of Intelligence Department, Deputy Superintendents of Armed Police Force, Chairpersons of Village Development Committees, Vice-Chairpersons of Village Development Committees, Cabinet ministers of the Government of Nepal, Governor of provinces (outside their respective province), State ministers of the Government of Nepal, Chief Secretary of the Government of Nepal, Mayor of metropolitan cities (apart from Kathmandu), Members and Commissioners of various commissions, Deputy Mayor of Kathmandu metropolitan city, Chair of provincial Public Service Commissions, Deputy Chair of District Coordination Committees, This page was last edited on 9 January 2021, at 06:00. Government Name: Federal Democratic Republic of Nepal Constitution: Adopted: 1990; As the country's 5th constitution since 1948, this constitution changed a previously partyless system into a multiparty system. Prime Minister Khadga Prasad (KP) Sharma OLI (since 15 February 2018); deputy prime ministers Ishwar POKHREL, Upendra YADAV (since 1 June 2018) first election for the National Assembly held on 7 February 2018 (next to be held in 2024) first election for House of Representatives held on 26 November and 7 December 2017 (next to be held in 2022) No claims are made regarding the accuracy of Nepal Economy 2020 information contained here. Pass percentage of Last five year(2068- 2073: … Federal Democratic Republic of Nepal Nepal All suggestions for corrections of any errors about Nepal Government 2020 should be addressed to the CIA or the source cited on each page. ]Rastriya Janata Party or RJPN [Mahanta THAKUR]Rastriya Prajatantra party or RPP [Kamal THAPA], International organization participation: ADB, BIMSTEC, CD, CP, FAO, G-77, IAEA, IBRD, ICAO, ICC (NGOs), ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), MIGA, MINURSO, MINUSMA, MINUSTAH, MONUSCO, NAM, OPCW, SAARC, SACEP, UN, UNAMID, UNCTAD, UNDOF, UNESCO, UNIDO, UNIFIL, UNMIL, UNMISS, UNOCI, UNTSO, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO, Diplomatic representation in the US: Ambassador Arjun Kumar KARKI (since 18 May 2015) ranking World Rank University Det. State minister of the Government of Nepal, chief whip of ruling party in the House of Representatives, chief whip of opposition party in the House of … Country name: No claims are made regarding the accuracy of Nepal Government 2020 information contained here. Council of Ministers appointed by the prime minister; cabinet dominated by the Nepal Communist Party Flood is a common cause of flood in the rainy season in Nepal, and has been most frequent, highly damaging and wide spread natural hazards. Box 11486 Chakubaku Marg New Baneshwor Kathmandu, Nepal. Nepal - Nepal - The economy: Landlocked, lacking substantial resources for economic development, and hampered by an inadequate transportation network, Nepal is one of the least developed nations in the world. yes the Election Commission of Nepal granted ballot access under the proportional system to 88 political parties for the November-December 2017 House of Representatives election to the Federal Parliament; of these, the following 8 parties won seats:Federal Socialist Forum, Nepal or FSFN [Upendra YADAV]Naya Shakti Party, Nepal [Baburam BHATTARAI]Nepal Communist Party or NCP [Khadga Prasad OLI, Pushpa Kamal DAHAL]Nepali Congress or NC [Sher Bahadur DEUBA]Nepal Mazdoor Kisan Party [Narayan Man BIJUKCHHE]Rastriya Janamorcha [Chitra Bahadur K.C. note: Nepal is the only country in the world whose flag is not rectangular or square, National symbol(s): rhododendron blossom; national color: red, National anthem: Nepal Police Official Websites, Nepal Police, Truth, Service, Security For most of its history, Nepal embraced a unitary form of government. It also suffers from a high level of hunger and poverty. head of state: Nepal’s government became a federal democratic republic following the abolition of the monarchy in 2008 and the passing of a new constitution in 2015. chancery: b) The CIA sometimes assigns counterintuitive ranks. Avg. It is a government-owned bank with headquarter in Dharmapath, Kathmandu. Nepal performs most strongly in Personal Freedom and Safety & Security but is weakest in Natural Environment. But after the declaration of republic in 2008 there was absence of such state protocol for over four years. St. Xavier's College, Maitighar, Kathmandu. The competence among the banks in Nepal has resulted in an increase in the development of the banking sector. The earlier order of precedence was revised by adjusting some key positions, mainly with the provincial administrations in place. Maharajgunj, Kathmandu, Nepal For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order. The CPI scores and ranks countries/territories based on how corrupt a country’s public sector is perceived to be by experts and business executives. photo source: ekantipur.com of The Federal System of Government in Nepal. Pradeep Kumar RAI/Ambar GURUNG Among these, snow fed rivers, such as the Koshi, Narayani, Karnali, and Mahakali, are perennial rivers. elections/appointments: Recently Government of Nepal unveiled the budge of fiscal year 2073/74 and increased the basic salaries of government posts by 25%. conventional short form: US Ranking in WB’s ‘Best Places to do Business’ Similarly, US dropped two spots in the World Bank’s annual ranking of the ‘Best Places to Do Business in the World’. NGOs Non-Government Organizations NMR Neonatal Mortality Rate NPC National Planning Commission NRB Nepal Rastra Bank NRs Nepalese Rupees NSDS National Strategies for the Development of Statistics NWSSHSDP Nepal Water Supply, Sanitation and Hygiene Sector Development Plan ODA Official DevelopmentAssistance Congratulations to the Nepal Government! chief of mission: As the country embraces federalism, the government finalized a new order of precedence in February 2018. (an) 2) The rank that you see is the CIA reported rank, which may have the following issues: elections: It is a composite index, a combination of 13 surveys and assessments of corruption, collected by a variety of reputable institutions. Its headquarter is in Dharmapath, Kathmandu. US Embassy, Maharajgunj Chakrapath, Kathmandu, Nepal 44600 This includes the process by which governments are selected, monitored and replaced; the capacity of the government to effectively formulate and implement sound policies; and the respect of citizens and the state for the institutions that govern economic and social interactions among them. Nepal’s ranking is a reflection of the country’s effort in formulating development policies in line with the country’s main goal of ‘Prosperous Nepal, Happy Nepali’. This is the first commercial bank of Nepal which was established in 1937 A.D. local long form: 2) The rank that you see is the CIA reported rank, which may have the following issues: NOTE: 1) The information regarding Nepal on this page is re-published from the 2020 World Fact Book of the United States Central Intelligence Agency and other sources. A constitutional monarch rather than solely a monarch the South Asian country of Nepal banks is they! 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