Indo-Nepal oversight mechanism meet held;dev projects reviewed

The first meeting of Nepal-India oversight mechanism was held here today with both sides reviewing the progress of economic and developmental projects and discussing ways to expedite them.
The Indian side was led by Ambassador Ranjit Rae while the Nepalese delegation was headed by Foreign Secretary Shankar Das Bairagi.
The meeting reviewed progress of bilateral cooperation projects and discussed bottlenecks in the ongoing Nepal-India economic and development projects being implemented in the country, according Nepalese Foreign Ministry sources.
Joint secretaries from concerned ministries including finance, commerce, physical infrastructure and transport, planning, home affairs, energy and irrigation took part in the meeting from the Nepalese side.

From the Indian side, deputy chief of mission, economic cooperation counselor and reconstruction counselor attended the meeting.
Nepal and India had agreed to set up the oversight mechanism to review the progress of economic and development projects on a regular basis during Prime Minister Prachanda's visit to India in mid-September in the wake of delay in the execution of projects funded or pledged by the Indian government in Nepal.