Why Nepal is slow in Industrialization?

The reason behind the slow industrialization are as follows;

• Political instability

• Inadequate policy formulation and implementation

• Lack of security (in the case of industry in operation)

• Lack of Proper access to the market 

• Lack of infrastructure like road for transport, electricity, water facilities, internet etc.

• Lack of  technology (advance technology)

• Lack of research and development facilities

• Inadequate support of government (subsidies , tax rebate) 

Good Governance in Nepal : Issues and Challenges

CHAPTER 1

INTRODUCTION

1.1.      Background of the Study

Corporate governance is the system of rules, practices and processes by which a company is directed and controlled. Corporate governance essentially involves balancing the interests of a company's many stakeholders, such as shareholders, management, customers, suppliers, financiers, government and the community

Corporate governance refers to the structures and processes for the direction and control of companies. Corporate governance concerns the relationships among the management, Board of Directors, controlling shareholders, minority shareholders and other stakeholders. Good corporate governance contributes to sustainable economic development by enhancing the performance of companies and increasing their access to outside capital.

Countries where Bitcoins are Illegal

The popular Cryptocurrency "Bitcoins" has gained lot of popularity these days, since it was created in 2009. several country or rergionm where cryptocurrencies like Bitcoins, Litcoins and Ethereum are illegal.


In the United States and Canada has no problem with Cryptocoin like Bitcoins which is completely legal to own, buy,sell and mine. there are some countries where cryptocurrencies are illegal;

1. Bitcoin in Nepal

Nepal Rastra Bank (Central Bank of Nepal) has mentioned that it is illegal to own, buy, sell and mine  the Bitcoin within Nepalese territory by issuing the notice on  Bitcoin in 13th August 2017.

Therefore the trading of Bitcoin in Nepal is considered illegal following several arrests of Bitcoin traders in 2017 that resulted in combination of fines and jails term for those involved.

The reason behind the restriction is to control the illegal activities like smuggling and trading of drugs or illicit merchandise. Another reason behind the restrictions my be to control on the black money avoiding underground economy.