IRS |Institute of Regional Studies

Islamabad

News Updates

10th July - 13th July
  • Nepal, India to expedite Raxaul-Kathmandu rail project. (Times of India Jul 11, 2018)
  • Monsoon floods kill more than 50 across Nepal. (Aljazeera: 12.7.2018)
3rd July- 10 July
  • Nepal clamps on India’s small project grants
    The Cabinet has tightened norms for inflow of Indian grants to Small Development Projects (SDPs) in Nepal.
  • Projects will not start unless India signs financing agreements with Nepal’s Finance Ministry. The second caveat says ‘India must route the grant through the central government account’.
  • India disburses grants up to Rs50 million for each SDP. The Cabinet decision aims greater scrutiny and paper trail of Indian grants to small projects in Nepal.
  • This decision abrogates the power of the Indian Embassy in Kathmandu to fund projects anywhere in Nepal at its own volition. (Khatmandu Post, 9 July, 2018)
Credit: Maryam Mastoor

Archives