Page 11 - Nepal

'Exercise Surya Kiran': 300 Indian Army personnel depart for Nepal

During the exercise, the soldiers of two nations will be able to share best practices, enhance interoperability and foster a stronger bond in conduct of joint operations

Nepal earns Rs 815 cr from electricity export to India in 5 months of FY25

The Nepal Electricity Authority (NEA) has exported electricity worth Nepalese rupees 13 billion (INR 8.15 billion approximately) during the first five months of the current fiscal year. According to NEA officials, about 1.76 billion units of electricity worth Nepalese Rs 13.04 billion have been exported to India from mid-July to mid-December of the current fiscal year 2024-25. Nepal has been exporting surplus electricity to India during the rainy season for the last few years, NEA spokesperson Chandan Ghosh said. The average rate of electricity exported to India in the five months is Nepalese Rs 7.39 (INR 4.63 approximately) per unit. The authority is selling the surplus electricity at competitive rates in the day-ahead and real-time markets of the Indian Energy Exchange and to the states of Haryana and Bihar as per the bilateral medium-term power sales agreement. As a result, the authority has earned INR 8.15 billion by selling electricity during the review period as the trading

Constitution will be amended with consensus of all: Nepal Home Minister

Nepal's Minister for Home Affairs Ramesh Lekhak on Sunday said a consensus of all political parties will be ensured to amend the Constitution, a media report said. Lekhak, speaking at a press meet, stressed on the need for the Constitution amendment for strengthening the federal democratic republic, The Himalayan Times newspaper reported. "The preliminary dialogue on this issue has commenced. But the constitution amendment will not be determined by two political parties, he said. Lekhak said that the Nepali Congress (NC) and the Communist Party of Nepal (Unified Marxist-Leninist) (CPN UML), the largest parties in Parliament, had decided to form the incumbent coalition government to promote stability, prevent corruption, strengthen good governance and economic activities and accelerate the pace of development. The minister further said that the existing political alliance between the NC and CPN (UML) has no issues and it will continue until the next general election. Responding to

Future full of challenges, says Nepal Army Chief at IMA passing out parade

The future environment for military leaders will be full of challenges due to the emergence of disruptive new technologies, said Nepal Army Chief General Ashok Raj Sigdel as he reviewed the IMA's passing-out parade for the autumn course on Saturday. He called upon the gentlemen cadets passing out of the Indian Military Academy (IMA) to be ready for such challenges and said they can embark on their exciting new journey with confidence, as they have received the best training available in the field. "The job ahead is not easy. You will face a future environment that is invariably multi-domain, multi-theatre, and multi-sectoral. The challenges will be multi-pronged due to the emergence of disruptive technologies, but you can go forth with confidence because you have received the best training," General Sigdel said, addressing the cadets. A total of 491 cadets passed out of the IMA on Saturday, including 456 from India and 35 from friendly countries. "Valour will carry you through ...

President Murmu confers honorary rank of General on Nepal's army chief

President Droupadi Murmu on Thursday conferred the honorary rank of 'General of Indian Army' on Nepal's Army chief General Ashok Raj Sigdel at a ceremony here. There has been a tradition of conferring the title of Honorary General on the Army chiefs of Nepal and India since 1950. The President "conferred the Honorary Rank of General of the Indian Army on Suprabal Janasewashree General Ashok Raj Sigdel, Chief of the Army Staff, Nepali Army, at a special investiture ceremony held at Rashtrapati Bhavan for his commendable military prowess and immeasurable contribution to further fostering Nepal's long and friendly association with India", her office said in a statement. General Sigdel commenced a significant visit to India on Tuesday, marking a key step in further strengthening defence ties between the two nations. His visit, which spans from December 11-14, underscores the ongoing efforts to further strengthen and deepen the defence cooperation between Nepal and India. Nepal's ...

1st India-Nepal Tourism meet held in Kathmandu to promote Mahakumbh 2025

The event organised with an aim to create B2B connections to foster implementation of circuit tourism between India and Nepal

Only grant projects accepted in Belt and Road Initiative: Nepali Congress

The Nepali Congress, which is part of the ruling coalition, on Monday said that the country can only accept agreements under the Belt and Road Initiative (BRI) if they are based on grants. A meeting of the party's Central Working Committee held at the residence of party president and former prime minister Sher Bahadur Deuba said that the BRI projects should not be financed through loans. The party's statement came days after Prime Minister K P Sharma Oli visited China where the two countries signed the BRI Cooperation Framework. Following the meeting, Nepali Congress spokesperson Prakash Sharan Mahat told the media that the party's position remains unchanged BRI projects should be funded only by grants. Mahat said that during Prime Minister Oli's visit to China, the agreement for financing was referred to as an assistance and not a loan. He said any future BRI projects must follow this framework and be funded through grants. Nepal Foreign Secretary Amrit Bahadur Rai inked the ...

Funded by India, foundation stone laid for Khamlalung Health Post in Nepal

The project aims to provide better medical facilities to the people of Nepal

Nepal signs BRI cooperation agreement with China during PM Oli's visit

Nepal and China on Wednesday signed the much-awaited Belt and Road Initiative (BRI) Cooperation Framework, an agreement which is expected to pave the way for the implementation of the BRI projects. The agreement was inked during Prime Minister K P Sharma Oli's official visit to China - his first official visit to that country after assuming office for the fourth time. "Today, we signed the Framework for Belt & Roads Cooperation. As my official visit to China concludes, I am honoured to reflect on the bilateral talks with Premier Li Qiang, discussions with NPC Chairman Zhang Leji, and the highly fruitful meeting with President Xi Jinping," Prime Minister Oli posted on X. The Nepal-China economic cooperation will further strengthen under the Belt and Road Framework Cooperation, he added. The BRI framework agreement was inked by Foreign Secretary Amrit Bahadur Rai and Liu Sushe of the National Development and Reform Commission of China, according to the Prime Minister's ...

China's Prez Xi praises Nepal PM Oli's commitment to promote bilateral ties

President Xi Jinping on Tuesday lauded visiting Nepalese Prime Minister K P Sharma Oli's commitment to promote China-Nepal relations and pledged to advance strategic ties with Kathmandu as both sides inked nine agreements. Oli arrived in Beijing on Monday on a four-day visit to China, his first official visit to that country after assuming office for the fourth time. Xi met Oli and expressed appreciation for the Nepalese leader's firm commitment to promoting friendship between the two sides over a long period, the state-run Xinhua news agency reported. He also pledged efforts to advance the strategic partnership of cooperation with Nepal where Beijing has scaled up its investments in the last decade, expanding its influence in the landlocked country located between India and China. Xi said China and Nepal, linked by the same mountains and rivers, are good neighbours, good friends and good partners, and bilateral relations have maintained sound and steady development. Noting that n

Pivoting away from India, Nepal PM Oli visits China to seek investment

Oli's visit was his first to a foreign country since his July swearing-in, a break from the customary destination of New Delhi, with which Kathmandu has centuries-old ties

Senior US diplomat to visit India, Nepal, Sri Lanka for cooperation talks

Biden Administration's point person for South and Central Asia will visit India, Sri Lanka and Nepal this week, the first after the November 5 presidential elections. The trip by the Assistant Secretary of State for the Bureau of South and Central Asian Affairs Donald Lu will be on a visit to the three countries from December 3 to December 10, the State Department said. The visit aims at strengthening cooperation with key partners in South Asia to promote regional prosperity and security, it said. In New Delhi, Lu will support US-India collaboration in the Indo-Pacific and beyond. He will join Assistant Secretary of State for the Bureau of East Asian and Pacific Affairs Daniel Kritenbrink to lead US participation in the US-India East Asia Consultations. The Consultations, along with separate meetings with senior Indian officials, will provide an opportunity to exchange perspectives on global and regional issues, an official release said. On December 5, Lu will travel to Colombo t

Nepal accepts $20 mn grant assistance from China ahead of PM Oli's visit

The Nepal government has accepted projects worth USD 20 million as grant assistance from China ahead of Prime Minister K P Sharma Oli's first official visit to the country after assuming office for the fourth time. Minister for Information and Communication Prithvi Subba Gurung talking to media persons on Sunday said the Council of Ministers meeting wished for the success of the prime minister's China visit and also decided to accept projects worth USD 20 million equivalent to Nepalese Rs 2.70 billion as grant assistance from China. Besides, the Cabinet also decided to accept 300 million Chinese Yuan (USD 4.13 million approximately) equivalent to Nepalese Rs 5.60 billion worth projects proposed by the government of China, according to government spokesperson Gurung. During Oli's China visit, various projects including Tokha-Khahare Tunnel Road, Special Economic Zone construction at Corala border point of Mustang, road construction at Kimathanka of Shankhuwasabha, feasibility study o

Nepal PM Oli embarks on four-day China visit, first trip in this term

Nepal Prime Minister K P Sharma Oli on Monday embarked on a four-day official visit to China, his maiden trip to any neighbouring country in this term, during which he is scheduled to hold talks with Chinese President Xi Jinping on various issues of mutual interest. Oli is visiting Beijing at the invitation of his Chinese counterpart Li Qiang, the Ministry of Foreign Affairs here said. During the visit from December 2-5, Prime Minister Oli is scheduled to meet Chinese President Xi in Beijing and hold bilateral talks with Premier Li to discuss matters of mutual interest, the ministry said in a statement. He is leading a 39-member delegation to China. His spouse Radhika Shakya is also accompanying him on the visit. Oli will also meet Zhao Leji, Chair of the Standing Committee of the National People's Congress. He will be a keynote speaker at an event to be held at Peking University in Beijing. Oli, regarded as a pro-China leader, heads a coalition government consisting of his Commu

Nepal rules out loans for BRI projects; emphasises grants, consensus

Nepal on Saturday said it is not in a position to take loans for projects under China's Belt and Road Initiative and will instead primarily rely on grants, moving forward based on mutual consensus among all stakeholders. Speaking to reporters at Tribhuvan International Airport upon returning from a three-day visit to China, Foreign Minister Arzu Rana Deuba clarified Nepal's position on the implementation of BRI projects. Her visit was aimed at preparing for Prime Minister K P Sharma Oli's upcoming official trip to China starting December 2. "Nepal signed the BRI framework agreement in 2017, but discussions regarding its implementation modality are still ongoing. The projects under BRI will only move forward based on agreements and mutual understanding between Nepal, China, and all stakeholders within Nepal," Deuba said. In response to a question, the foreign minister said that Nepal is currently not in a position to take loans under the multi-billion dollar infrastructure ...

Will not sign any loan agreement with China under BRI during visit: Oli

Nepal's prime minister will begin an official visit to China on December 2 at the invitation of the Chinese government.

Army chief lands in Nepal; to receive Honorary General rank from President

Indian Army Chief Gen Upendra Dwivedi arrived here on Wednesday on an official visit to Nepal during which he will be conferred the honorary rank of "General of the Nepal Army" in continuation of an age-old tradition that first started in 1950, reflecting the strong ties between the two militaries. "To honour the singular tradition of conferment of honorary General rank of Nepali Army, COAS, IA Gen Upendra Dwivedi, PVSM, AVSM arrived at Kathmandu for a five-day visit," the Embassy of India in Kathmandu said in a post on X. Gen Dwivedi, who is leading a five-member delegation, was warmly received by Maj Gen Madhukar Singh Karki on behalf of Nepal Army chief Gen Ashok Raj Sigdel upon his arrival at the Tribhuvan International Airport. Later, Gen Dwivedi interacted with the Ambassador of India to Nepal and discussed issues related to the bilateral relationship between the two countries. He is expected to hold extensive talks with Gen Sigdel and will call on President Ramchandra Paudel

Nepal-India talks third-country nationals' movement at border security meet

They indicated the movement of Chinese and Pakistani nationals from our border and we also expressed concerns about the Rohingya refugees as well as Bangladeshi nationals

How one of the tiniest oil markets cost Trafigura Group over $1 bn

This week, the company admitted it faces a loss in Mongolia of up to $1.1 billion, linked in part to suspected fraud by its own employees

No anti-China activities will be allowed in our territory: Nepal PM Oli

Nepal's Prime Minister KP Sharma Oli said on Sunday that no anti-China activities will be allowed in the country, reaffirming the Himalayan nation's commitment to the 'One China' policy. Oli made the remarks in a meeting with a high-level Chinese delegation led by Chen Jining, a member of the Communist Party of China's Central Committee. The meeting took place at his official residence in Baluwatar, Kathmandu. Reaffirming Nepal's commitment to the One China policy, Oli told the visiting delegation that no anti-China activities would be allowed to operate within Nepal's territory. China claims that the breakaway nation of Taiwan is part of it and makes it mandatory for all the countries having diplomatic ties with it to follow the One China' policy, which effectively states that Taiwan is part of China. During the meeting, Oli also expressed hopes for continued support from China for Nepal's economic development. Talks were also held about strengthening bilateral relations and ...