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Benefits of Prime Minister’s India Visit
By KTM Metro Reporter in Kathmandu
The main benefit of the Nepalese Prime Minister’s India visit is that the Indian leaders agreed to review, renegotiate and redo the Nepal-India Peace and Friendship Treaty of 1950; for which both the Prime Ministers of Nepal and India agreed to set up three committees at three different levels such as a committee of ministers, a committee of high-level bureaucrats called secretaries and a committee of technical people within a month.
Other benefits are Nepal is receiving a loan of Indian Rs 1.5 billion equivalent to Nepalese Rs 2.4 billions for three months for purchasing petroleum products; India is going to build a 250 MW hydropower plant in a grant-in-aid in Nepal; India is providing Indian Rs 200 millions equal to Nepalese Rs 320 millions for the relief of the victims of the Koshi floods in Nepal; and Indian businesspersons and industrialists are convinced that Nepal is going to have a investment-friendly environment. In addition, Indian leaders have been convinced that the Maoists would run a competitive administration in Nepal.
