India committed to redefining ties with neighbourhood partners: EAM in Nepal
- INDIA under the leadership of Prime Minister is committed to redefining its relationship with partners in its neighbourhood, especially Nepal
Key Highlights
- His remarks came a day after the two countries signed a slew of pacts during a meeting of the 7th India-Nepal Joint Commission
- Including an agreement for India to import 10,000 MW of hydroelectricity over the next 10 years.
- India has also decided to extend a financial package of Nepali Rs 1,000 crore (or USD 75 million) for reconstruction of infrastructure in the districts affected in the 2015 earthquake.
- The two sides reviewed all aspects of bilateral relations as well as areas of cooperation.
- The Treaty of Peace and Friendship of 1950, security and boundary-related matters were also discussed
- PM during his visit to Nepal in 2014 had given the ‘HIT’ formula for India-Nepal relations. “HIT as in H for highways I for Iways and T for Transways
Prelims Takeaway
- India-Nepal Joint Commission
- Nepal