Earlier this month, a coalition of two communist parties led by former prime ministers Pushpa Kamal Dahal and K.P. Sharma Oli emerged victorious in Nepal's general election — a vote seen as a milestone in the country's transition from monarchy to federal democracy.
The alliance has so far bagged 113 seats out of a total 165 under the first-past-the-post system.
Nepal's cabinet scrapped a USD 2.5 billion deal with China Gezhouba Group Corp to build the Budhi Gangaki hydroelectric plant this month citing lapses in the award process
Under the first round of elections, 3.19 million voters were choosing lawmakers amid tight security in 32 districts, mainly hilly and mountain regions in the northern part of the land-locked country
Nepal is holding provincial and parliamentary elections in two phases on November 26 and December 7.
Besides scrapping the deal, Nepal has also given Indian firms GMR Energy and Sutlej Jal Vidyut Nigam, who are developing hydropower plants in Nepal six more months to bring financial closures to the projects
India's top lender, with assets of more than $500 billion, was catapulted into the league of the top 50 global banks this year after it merged five subsidiary banks with itself.
The bridge at Jomsom area in Mustang district not only provides direct motorable connectivity to people of Mustang but also benefits thousands of tourists and pilgrims visiting the famous Muktinath temple and upper Mustang for trekking, the Indian Embassy here said in a statement.
The 40.4-kilometre highway in Tibet between Xigaze airport and Xigaze city centre officially opened to the public on Friday with a short section linking the national highway to the Nepal border.
The vehicle, which comes with a 3 litre engine, is suitable for diverse business requirements like transporting agri-produce, poultry and fish. The model can also be used as a cash van and as service support vehicle at construction sites etc.
Nepalese Minister of Finance Gyanendra Bahadur Karki and MCC Acting CEO Jonathan Nash signed the agreement in this regard at the State Department.
He said there were several rounds of discussions between the central banks of the two countries to resolve the issues arising out of demonetization, following which an understanding was "almost reached".
"Nepal has been selected for one of the US' most high- profile projects to increase regional connectivity within the Indo-Pacific," Wells told a Congressional subcommittee in a written submission yesterday.
Modi said that India and Nepal are partners in happiness and sorrow and they are proud of each other
The pacts were signed after comprehensive talks between Prime Minister Narendra Modi and his Nepalese counterpart Sher Bahadur Deuba on strategic bilateral and regional issues.
China said that international relations should not be a "zero-sum game" and it was "happy" to see the development of sound ties between India and Nepal.
The pacts were signed after visiting Chinese vice premier Wang Yang held discussions with Nepal's deputy prime ministers Bijaya Kumar Gachhadar and Krishna Bahadur Mahara.
The flood triggered by the monsoon rains, a yearly feature, has affected 27 districts across Nepal.
The railway to India was a lifeline for the small southern frontier town of Janakpur, used to import everything from sweets to clothes and cosmetics and fuelling a vibrant border economy.
Heavy rains have lashed Nepal for the last three days causing flooding and landslides.
The company has introduced the model in the neighbouring country in association with its sole authorised distributor Sipradi Trading.
The venture capital fund -- Prestellar Ventures -- is based in Singapore and is backed by CG Corp Global, Micro lender Satin Creditcare, private-equity firm Frontline Strategy and Nepal's N E Group.
Indian Prime Minister Narendra Modi in November banned 500 rupee ($7.77) and 1,000 rupee bank notes as part of a drive against unaccounted wealth in India that has also hit Nepal where Indian rupees are widely used.
Following the rising demand for Multix since its launch in June 2015, the company is increasing its footprint into the metros and to all states by adding more dealers.