Last year, the Nepal Rastra Bank had entrusted a Chinese company with printing the new banknotes, after the design was approved by the KP Sharma Oli-led cabinet.
After a hiatus of three decades, India-China border trade was resumed through Lipulekh pass in 1992. But the volumes were nowhere close to the earlier times, since the markets they served were now better connected with highways.
Sources indicate that the issue is with the timing. However, in the last few weeks certain irritants have appeared in ties, especially over Kathmandu’s claim on Lipulekh.
Against backdrop of Nepal registering protest over India-China trade announcement, ThePrint explains significance of Lipulekh Pass through prism of 1816 treaty, 1991 memorandum & 2019 map.
Latest irritant in India-Nepal ties comes days after Foreign Secy Vikram Misri’s visit to the country. Nepal PM K.P. Sharma Oli is expected to visit India on 16 September.
With bad loans shrinking & capital buffers stronger, urban co-op banks’ new umbrella body NUCFDC is now prioritising rollout of digital transformation.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
And India as usual will turn a mole hill into a mountain and push Nepal further into China’s orbit. Nepal still remembers the blockade imposed on it during the 2015 earthquake which was only reversed due to international pressure on India. And that is when they started turning to China for assistance.
And India as usual will turn a mole hill into a mountain and push Nepal further into China’s orbit. Nepal still remembers the blockade imposed on it during the 2015 earthquake which was only reversed due to international pressure on India. And that is when they started turning to China for assistance.