India's reported refusal to provide a subsidy of approximately Rs 17 billion for the construction of two petroleum pipelines and a fuel storage facility, as previously agreed between the two countries, has lately drawn media headlines.
KATHMANDU, March 26: According to the agreement to build two petroleum pipelines and a fuel storage facility, India has refused to give a subsidy of about Rs 17 billion.
Nepal-India Joint Economic Commission: A beacon of harmonious relations - A Political and Business weekly peoplesreview.com.np - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from peoplesreview.com.np Daily Mail and Mail on Sunday newspapers.
Nepal is spending billions to finance oil pipeline projects, contrary to the focus that there should be for meeting its commitment to net zero emissions.
Seven pacts in the areas of trade, energy and infrastructure, signed during the just-concluded visit of Nepali Prime Minister Pushpa Kamal Dahal to India, can be expected to strengthen bilateral cooperation. Foremost among the agreements was the one on hydropower; India has agreed to import 10,000 MW from Nepal over the next 10 years. Additionally, India will enable Nepal to