According to the EPardafas report, the task of balancing the ties becomes important as the economic situation in Nepal is not very conducive. The inflation is over eight per cent which is the highest in the last six years. Unemployment is also touching new highs.
According to the EPardafas report, China's belligerence has become more evident in Nepal after the November 20 elections and the formation of the Dahal-led government. This suggests that Nepal could be in favour of Beijing's South Asia advance.
After the Yeti Airlines Flight ATR-72 crash the government has also declared a day of national mourning tomorrow and a five-member committee will be formed to investigate the crash.
CPN-Maoist Centre chairman and new Nepal Prime Minister, Pushpa Kamal Dahal aka Prachanda has formed an eight-membered cabinet with three deputy Prime Ministers.
Nepal's latest change of guard may thus come as a major diplomatic setback for President Xi Jinping as the power equations in Kathmandu, under the Deuba-led coalition, are unlikely to be inclined towards Beijing.
Kathmandu [Nepal], August 30 (ANI): Nepal government and the World Bank have signed a concessional financing agreement for USD 100 million (equivalent to Rs 12.7 billion) for Green, Resilient, and Inclusive Development (GRID).
Kathmandu [Nepal], July 15 (ANI): India on Friday handed over food and disaster relief material to the Nepal government at a ceremony held at the Nepalese Home Affairs Ministry in Kathmandu.
Kathmandu [Nepal], June 25 (ANI): Amid growing public pressure over rising prices of goods and services, the Nepal government on Saturday decided to cut fuel prices substantially, Xinhua reported.
Kathmandu [Nepal], June 6 (ANI): In less than a month's time, the Government of Nepal has backtracked on its decision to give weekly leaves on Saturdays and Sundays.
Kathmandu [Nepal], May 9 (ANI): Nepal government has decided to seal the border entry points with India and China for 72 hours prior to the local level elections scheduled for May 13, local media reported.