ADD ANI AS A TRUSTED SOURCE
googleads
ANI Logo
Menu
Business

India sanctions soft loan USD 340 million to Nepal

New Delhi [India], Feb. 20(ANI): India has sanctioned a soft loan of 340 million US dollar to Nepal for various infrastructure development programmes.

ANI Feb 20, 2017 12:09 IST googleads

India sanctions soft loan USD 340 million to Nepal
New Delhi [India], Feb. 20(ANI): India has sanctioned a soft loan of 340 million US dollar to Nepal for various infrastructure development programmes. Indian Ambassador to Nepal Ranjit Rae handed over the approval papers to Physical Infrastructure and Transport Minister of Nepal Ramesh Lekhak in the presence of Railways Minister Suresh Prabhu. Under this programme Mahalaki bridge and 15 roads will be constructed in various parts of Nepal. Expressing India's commitment for strengthening infrastructure in Nepal, Suresh Prabhu said that it is just a beginning. He said that we want Nepal to have world class infrastructure so that members of Indian parliament can one day say why can't India also do like Nepal. Expressing thankfulness towards India Ramesh Lekhak said that the sanction of loan is a symbol of close friendship between India and Nepal. He said that completion of infrastructural projects will not only strengthen physical connectivity but also emotional bonding between the people of both the countries. Earlier both ministers and senior officers of India and Nepal discussed various developmental issues in a closed door meeting.(ANI)

Get the App

What to Read Next

Asia

"India harnessed digital tools to expand...": MEA Secy (West)

George highlighted how digital tools and AI empower 1.4 billion Indians.

Read More
Asia

India consistently supported Maldives in crisis: Mohamed Nasheed

India consistently supported Maldives in crisis: Mohamed Nasheed

He highlighted India's role as a "first responder" for the Maldives, emphasising that India's support during critical periods has been fundamental to the stability and security of the island nation.

Read More
Asia

MoCA closely monitoring air travel situation in West Asia

MoCA closely monitoring air travel situation in West Asia

The Ministry of Civil Aviation is closely monitoring the evolving situation in the West Asia region and its impact on air travel between India and countries in the region. Airlines are undertaking necessary operational adjustments in view of the prevailing conditions to ensure passenger safety and the orderly conduct of flight operations.

Read More
Pacific

MoS Kirti Vardhan Singh attends Chile President's inauguration

MoS Kirti Vardhan Singh attends Chile President's inauguration

Minister of State for External Affairs and Environment, Forest & Climate Change, Kirti Vardhan Singh, visited Chile from March 10-12 and represented the Government of India at the inauguration ceremony of the new President of Chile, HE Jose Antonio Kast Rist.

Read More
Asia

India rushes to safeguard 9,000 nationals in Iran

India rushes to safeguard 9,000 nationals in Iran

India on Thursday highlighted a high-level diplomatic push to protect Indian interests, emphasising the twin priorities of citizen safety and the stability of energy supply chains.

Read More
Asia

"India strongly condemns attacks on merchant ships...": MEA

Speaking during the weekly press briefing, Ministry of External Affairs spokesperson Randhir Jaiswal said India opposes attacks on merchant shipping "from any quarters" and confirmed that several Indian nationals have been affected in recent incidents.

Read More
Europe

Akshar Foundation highlights Northeast India’s development at UN

Akshar Foundation highlights Northeast India’s development at UN

On the sidelines of the 61st session of the United Nations Human Rights Council (UNHRC), Mazin Mukhtar, Co-founder and Associate Director of the Akshar Foundation, highlighted development initiatives in India's northeastern region and urged global recognition of progress made in previously neglected areas.

Read More
Asia

Jaishankar, Indonesia’s FM exchange perspective on W Asia crisis

Jaishankar, Indonesia’s FM exchange perspective on W Asia crisis

In a post on X, Jaishankar wrote, "Pleased to talk to FM Sugiono of Indonesia. Exchanged perspectives on the West Asia conflict. Discussed bilateral ties and agreed to hold the Joint Commission meeting at an early date."

Read More
Asia

India welcomes Nepal’s election results: MEA

India welcomes Nepal’s election results: MEA

India on Thursday welcomed Nepal's successful elections, with Prime Minister Narendra Modi congratulating Rabi Lamichhane and Balendra Shah on their victory, signalling a fresh chapter in the bilateral relationship between the two neighbouring nations.

Read More
Asia

MEA rejects Pakistan’s statement on India-Canada deal

MEA rejects Pakistan’s statement on India-Canada deal

"We reject this statement made by Pakistan on the matter. India's credentials regarding non-proliferation are impeccable and well recognised by the global community. A country with a well-documented history of clandestine nuclear proliferation can hardly preach the virtues of export controls and proliferation risks. Such ludicrous statements are nothing more than an attempt by Pakistan to distract from its own abysmal record," he said.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.