<P> Republic Day (Nepali: गणतन्त्र दिवस) is a special day in the history of Nepal that commemorates the inception of the Federal Democratic Republic of Nepal on May 29, 2008 . The establishment of the republic put an end to civil strife that had lasted for years . </P> <P> Modern Nepal was created in 1768, when Prithivi Narayan Shah conquered the Kathmandu Valley and colonized country from a number of small independent states . In 1846, maharaja Jung Bahadur Rana founded the Rana dynasty that ruled the country until 1951 . Prime Minister and other government positions were made hereditary and the monarch had no real power . </P>

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