PM Bhattarai arrives in New Delhi
Useful Links
» A new way to read online, exact replica of your daily and magazine
» For all you tweety fans out there!
» Allows you to find only those news from any date you choose!
» Search any news/ articles by author/ category/ date/ keyword
NEW DELHI, OCT 20 - Prime Minister Baburam Bhattarai has arrived here in New Delhi with 37-member official delegation for his four-day visit on Thursday. Indian officials, including Ambassador to Nepal, Jayant Prasad received Bhattarai and his team this afternoon.
The Cabinet had endorsed his agenda for India visit yesterday. Amid strong protest and reservations from four Maoist ministers, the Cabinet endorsed signing of the Bilateral Investment Protection Agreement (BIPA) with India, Double Taxation Avoidance Agreement, which will end the need for Indian investors to pay taxes back home on repatriation of income once they pay taxes in Nepal and to clinch the $250 million line of credit with India that New Delhi had announced in 2010 during the state visit of President Ram Baran Yadav.
Besides clinching the three agreements, the PM will request support for a dozen projects for infrastructural development. The PM is also likely to seek a soft loan of US $1 billion for the construction of a Kathmandu-Tarai fast track. The fast track will link Kathmandu and Nijgarh in the Tarai, where Nepal is preparing to build an international airport. The PM is also expected to seek Indian help for construction of the airport.
Bhattarai will also take up the issue of importing 250 MW electricity from India and construction of a transmission line of 440 kv between Mujaffarpur and Dhalkebar.
Posted on: 2011-10-20 01:26
Post Your Comment