india-nepal

Indian Embassy in Kathmandu and Nepalese authorities signed an MoU on 19 September 2012 for granting the amount to Shri Mahendra Higher Secondary School in Achham district under Indian-Nepal Economic Cooperation Programme.

The proposed building will provide better educational opportunity to over 1300 students, about half of whom are girls. Besides, India has gifted two ambulances to health care facilities in the district.

India to provide grant of 3 crore Nepali Rupees to Nepal
India is to offer grant assistance of 3 Crore Nepali Rupees for Dailekh district in far -Western Nepal. MoU inked b/w
India and District Development Committee Dailekh and Shree Bhairav Higher Secondary School for the
construction of 3 storied building for the grant aid under the Nepal- India Economic Cooperation
Programme. This is the third development project being taken on in Dailekh district with government
of India’s support.







India, Nepal agree to expedite work on proposed Jayanagar-Baridabas
rail link
India and Nepal have accorded to speed up work on the proposed Jayanagar-Baridabas rail link
which will lead to easier and faster connectivity b/w the two nations.
India and Nepal reviewed the progress on the execution of two rail links, namely 17.65 km Jogbani
in Indian side linking Biratnagar in Nepal and 68 km Jayanagar in Indian side to Baridibas in Nepal.
These projects are under Phase-I of the cross- border rail link.
















IOC signs pact with Nepal oil body
Nepal Oil Corporation (NOC) and Indian OilCorporation (IOC) inked an agreement on the supply
of petroleum products for the next 5 years. As per the agreement, IOC has agreed to waive off
2.5% Price Adjustment Factor, which includes refinery and transportation charges among other
technical losses under IOC’s existing price formula. As per NOC, this will assist Nepal to save 2 billion Nepali rupees
yearly. IOC has also settled to add a fresh port in Mumbai to allow Nepal Oil Corporation easily distribute petroleum
products in mid- western and far western regions.
At present fuel has been supplied by IOC to Nepal via Haldia port in West Bengal. They also agreed to forward the
process to enhance the supply of cooking gas to Nepal from other Indian refineries, which presently is supplied via
Haldia and Mathura refineries.






3 day India-Nepal crafts festival begins in Nepal
In Nepal, a 3-day India-Nepal crafts festival began in the capital Kathmandu. Inaugurating the festival, Nepal’s
President Dr. Ram Baran Yadav held that such a common platform which would help artisans in both Nepal and India.