Wednesday, February 17, 2010

India offers $250m loan to Nepal

India has offered $250 million as soft line of credit and offered 20,000 tonnes of rice to Nepal. This is in addition to 50,000 tonnes of wheat and 10,000 tonnes of yellow peas, sources said.

Prime Minister Manmonan Singh on Tuesday held discussions with visiting Nepal President Ram Baran Yadav. The two sides discussed the entire gamut of the relationship — from economic cooperation to the political situation in Nepal.

Sources said Prime Minister Singh expressed the hope that the peace process and the drafting of the Constitution would be completed in time. He also offered India’s assistance in whatever way possible and underlined the “special” and “unique” relationship between the two neighbours. Mr Yadav, in turn, thanked the prime minister for the Indian help, sources said. The Indian side during the meeting has also offered an additional 2,000 tonnes of wheat to Nepal.


Source : http://economictimes.indiatimes.com/news/politics/nation/India-offers-250m-loan-to-Nepal/articleshow/5582308.cms

No comments: