Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Seven main agreements have been signed between Nepal and India. A bilateral agreement was reached on Thursday during Prime Minister Pushpa Kamal Dahal’s visit to India. The agreement was announced through a press conference after the delegation-level talks held in the morning.
Nepal’s Prime Minister Dahal and India’s Prime Minister Narendra Modi held a press conference and informed about the agreement.
It has been agreed to renew the Nepal-India transportation agreement, to bring the cross-border petroleum pipeline from Amlekhganj to Chitwan and from Siliguri to Jhapa.
Similarly, it has been agreed to collaborate between the Institute of Foreign Affairs Studies and the Susama Swaraj Institute, to build an integrated check post in Chandni Dodhara, to build a PDA in Lower Arun and to build an Indian company in Phukot Karnali.
A project development agreement (PDA) has been signed with an Indian company so that Nepal will get 140.49% of electricity from Lower Arun with a capacity of 669 MW. Indian company Sutlej Jalvidyut Nigam (SJVN) has signed an agreement to get 21 percent of electricity to Nepal for free.
Similarly, a digital payment agreement has also been reached.
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