Socia-Economic and Political Achievements Between 1951-1961 A.D

The first democratic decade remained very productive in socio-economic and political development. We can discuss some of the achievements in the following headings:

Economic Sector

1. 5-year plans for development started.
2. System of annual budget was introduced for the first time in Nepal.
3. Establishment of the Nepal Rastra Bank (Central Bank of Nepal) and the Agricultural Development Bank.
4. Construction of the Tribhuwan Highway and several other roads started.
5. Domestic and international aviations started.
6. Telephone and telegram services started.
7. Forests were nationalized.
8. Diversification of tax was introduced and Birtaland was eliminated.
9. Establishment of the RNAC currently the Nepal Airlines Corporation.
10. Formation of the Nepal Industrial Development Corporation (NIDC).

                                                                                                           to be continue.....................